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Morning Report - 2 July 2021

Wednesday’s UK 100 Leaders Price (p) % Chg
COMPASS GROUP PLC 1,522.0 1.9%
SAINSBURY (J) PLC 271.8 1.1%
SCOTTISH MORTGAGE INV TR PLC 1,331.0 0.8%
INTERCONTINENTAL HOTELS GROU 4,810.0 0.5%
NEXT PLC 7,856.0 0.4%
Wednesday’s UK 100 Laggards Price (p) % Chg
PRUDENTIAL PLC 1373.5 -3.6%
EVRAZ PLC 592.0 -3.3%
INTERMEDIATE CAPITAL GROUP 2124.0 -3.0%
OCADO GROUP PLC 2003.0 -2.9%
JUST EAT TAKEAWAY 6692.0 -2.7%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,037 -0.7% 14.3%
DOW JONES INDUS. AVG 34,503 0.6% 34.1%
DAX INDEX 15,531 -1.0% 26.7%
NIKKEI 225 28,707 -0.3% 29.7%
S&P/ASX 200 INDEX 7,266 -0.7% 22.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 73.73 0.35%
Brent Crude (ICE) USD/bbl. 75.13 0.49%
Gold Spot USD/t oz. 1,779 0.5%
Copper (Comex) USd/lb. 427 -0.5%
The UK 100 is called to open +35 points today at 7070.

1 Day; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +10 points today at 7136.  A positive open is expected today, ahead of todays Non-farm data. Stateside markets yesterday posted yet more record highs. The Dow Jones advanced by 131 points to close at 34,634 and the S&P  climbed 22 points to 4,320.  In Asia this morning, it was a more mixed session, the Nikkei in Tokyo traded 61 points higher to 22,768 but Hong Kong’ Hang Seng index was lower by 468 points at 28,360.  Overnight saw Bitcoin tumble by more than 3%.


Company News & Broker Comments:

Company News:

 

Goldman Sachs builds a 5.2% holding in Equiniti Group.
Qinetiq CFO David Smith is to retire and will be replaced by Carol Borg.
Ryanair June traffic came in at 5.3m passengers, +72% YoY from 400,000

Broker Comments:

Jefferies Upgrades Barratt Developments to Buy from Hold (9 Buys / 9 Holds / 0 Sells)
Jefferies Upgrades Bellway to Buy from Hold (10 Buys / 5 Holds / 0 Sells)
Liberum Downgrades BHP to Sell from Hold (5 Buys / 11 Holds / 1 Sell)

 

Reporting Today:

 

None

 

Reporting Tomorrow:

 

Hipgnosis Songs Fund

 

In Focus Today:

German Retail Sales

US Nonfarm Payrolls

US Goods and Services Trade Balance

US Factory Orders

Next Week's Ex-Dividends:

 

FTSE 100:

 

British American Tobacco

Coca-Cola HBC AG

AVEVA Group

Halma

 

FTSE 250:

 

Pennon Group

Big Yellow Group

Sirius Real Estate

Safestore Holdings

Telecom Plus

 

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.


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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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