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Morning Report - 6 May 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
ANGLO AMERICAN PLC 3,270.5 6.3%
CRH PLC 3,607.0 5.3%
BHP GROUP PLC 2,306.0 5.0%
RIO TINTO PLC 6,408.0 4.7%
GLENCORE PLC 309.9 4.6%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
OCADO GROUP PLC 1962.0 -2.1%
LAND SECURITIES GROUP PLC 718.6 -1.7%
AVAST PLC 455.9 -1.5%
JUST EAT TAKEAWAY 7181.0 -1.2%
HIKMA PHARMACEUTICALS PLC 2337.0 -1.0%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,039 1.7% 20.3%
DOW JONES INDUS. AVG 34,230 0.3% 44.7%
DAX INDEX 15,171 2.1% 43.0%
NIKKEI 225 29,331 1.8% 49.5%
S&P/ASX 200 INDEX 7,062 -0.5% 31.2%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 65.73 0.15%
Brent Crude (ICE) USD/bbl. 69.13 0.25%
Gold Spot USD/t oz. 1,793 0.4%
Copper (Comex) USd/lb. 455 0.5%

 

UK 100 is called to open +8 points this morning at 7047. 

1 Day; 7 Months

Click graph to enlarge

Markets Overview:

UK 100 is called to open +8 points this morning at 7047.  Calls for a positive open this morning follow yesterday's session which saw the UK blue-chip strike fresh 12 months highs. On Wall Street yesterday it was a mixed picture,  The Dow Jones gained 97 points or 0.29% to finish Wednesday at 34,230. The S&P 500 ground out a modest 0.07% gain to end the session at 4,167 whilst the Nasdaq remained in negative territory, down 0.37% to 13,582. In Asia sentiment was strong and this translated to a green day across benchmarks, Japan’s Nikkei rallied up some 472 points or 1.64% to reach 29,284 whilst Hong Kong’s Hang Seng added 101 points or 0.35% to trade at 28,519.

 

Company News & Broker Comments:

 

Company News:

 

Aston Martin Lagonda reports that their Q1 trading is in line with expectations.

 

Aviva sells their entire 40% stake in Turkish business AvivaSA Emeklilik to Ageas for £122m.

 

Barratt Developments expects annual home completions to be ahead of expectations as the sector benefits from government measures and low interest rates. They expect to increase wholly owned completions to between 16,000-16,250 homes this year as forward sales stood at £3.7bn (2020: £2.83bn).

 

Melrose says their trading is modestly ahead of expectations.

 

Next have raised their profit guidance for the 2021-22 year for the second time in two months as they reported better than expected Q1 trading. They raised their guidance to £720m from the £700m forecast in April.

 

Superdry sees "light at end of tunnel" as they returned to growth in Q4, helped by online and wholesale after COVID-19 disruption resulted in sales for the year falling 21% to £556.6m.

Broker Comments:

 

Berenberg Upgrades National Grid to Buy from Hold (10 Buys / 1 Hold / 0 Sells)

 

Reporting Today:

 

Barratt Developments

Derwent London

Mondi

Next

Rathbone Brothers

Trainline

 

 

Reporting Tomorrow:

 

International Consolidated Airlines Group

 

 

In Focus Today:

 

 

BoJ Monetary Policy Meeting Minutes

EU Retail Sales

BoE Interest Rate Decision

BoE's Governor Bailey speech

Chinese Caixin Services PMI

German Factory Orders s.a.

EU Economic Bulletin

US Initial Jobless Claims

 

 

 

Today's Ex Dividends:

 

UK 100:

 

Polymetal International

Admiral Group

Reckitt Benckiser Group

BP

Croda International

 

UK 250:

 

GCP Infrastructure Investments

Lancashire Holdings

Hipgnosis Songs Fund

Edinburgh Investment Trust

Hochschild Mining

UK Commercial Property REIT

 

 

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