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Morning Report - 19 July 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
DCC PLC 6,030.0 2.4%
AVAST PLC 609.4 2.3%
RENTOKIL INITIAL PLC 518.6 2.3%
RECKITT BENCKISER GROUP PLC 6,485.0 2.2%
ROLLS-ROYCE HOLDINGS PLC 93.1 2.1%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
BURBERRY GROUP PLC 1966.0 -5.0%
GLENCORE PLC 309.0 -3.5%
RIO TINTO PLC 5931.0 -3.4%
ANGLO AMERICAN PLC 2889.0 -2.8%
FRESNILLO PLC 794.8 -2.7%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,008 -0.1% 11.4%
DOW JONES INDUS. AVG 34,688 -0.9% 30.1%
DAX INDEX 15,540 -0.6% 20.3%
NIKKEI 225 27,640 -1.3% 22.0%
S&P/ASX 200 INDEX 7,286 -0.9% 20.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 71.27 -0.75%
Brent Crude (ICE) USD/bbl. 73.04 -0.75%
Gold Spot USD/t oz. 1,805 -0.4%
Copper (Comex) USd/lb. 428 -1.0%

 

The UK 100 is called to open -50 points today at 6956

1 day; 4 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open -50 points today at 6956.  For the first time since mid April the UK 100 index looks set to open below 7000.  Continued concerns surrounding inflation and increasing cases of the delta variant of Covid virus have been the major contributing factors.  On Friday former Fed chair Janet Yellen, issued a warning on rising prices predicting the cost of living and raw materials would grow rapidly for several more months before settling into normal patterns.  On Friday all major indicies fell, the Dow Jones dropped by 0.8%, as did the Nasdaq, while the S&P fell by narrowly less, at a decline of 0.7%.  It was a similar picture this morning in Asia, shares fell across the board, the Nikkei in Japan shed nearly 1.5% in the early trading hours,  In Hong Kong, the Hang Seng fell 1.6%, while the Shanghai Composite edged down 0.3%.

 

Company News & Broker Comments:

Company News:

AstraZeneca's lung cancer treatment Imfinzi has been approved in China.
Flutter Entertainment has completed its debt refinancing to reduce their effective debt costs and increase liquidity by around £250m.

Broker Comments:

RBC Upgrades Fresnillo to Outperform from Sector Perform (4 Buys / 10 Holds / 1 Sell)
 
JP Morgan Upgrades Travis Perkins to Overweight from Neutral (9 Buys / 7 Holds / 1 Sell)

 

Reporting Today:

 

None

 

Reporting Tomorrow:

 

None

 

In Focus Today:

 

UK Rightmove housing data

This Week's Ex-Dividends:

 

FTSE 100:

 

Persimmon

 

FTSE 250:

 

Ninety One

Investec

Micro Focus International

Cranswick

Pennon Group

 

 

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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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