Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 17 January 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
STANDARD CHARTERED PLC 523.2 2.3%
BRITISH AMERICAN TOBACCO PLC 3,033.0 2.0%
LLOYDS BANKING GROUP PLC 55.0 1.9%
SEVERN TRENT PLC 2,891.0 1.4%
NATIONAL GRID PLC 1,081.0 1.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
ROYAL MAIL PLC 496.5 -5.6%
B&M EUROPEAN VALUE RETAIL SA 564.8 -5.3%
OCADO GROUP PLC 1445.0 -4.9%
RIGHTMOVE PLC 692.8 -4.5%
HALMA PLC 2657.0 -4.4%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,543 -0.3% 12.0%
DOW JONES INDUS. AVG 35,912 -0.6% 16.5%
DAX INDEX 15,883 -0.9% 15.2%
NIKKEI 225 28,124 -1.3% -1.4%
S&P/ASX 200 INDEX 7,394 -1.1% 10.1%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 83.82 2.07%
Brent Crude (ICE) USD/bbl. 86.06 1.88%
Gold Spot USD/t oz. 1,818 -0.3%
Copper (Comex) USd/lb. 442 -2.8%

 

The UK 100 is called to open +23 points today at 7565.

1 Day; 12 Months

Click graph to enlarge

Markets Overview:

 

 

The UK 100 is called to open +23 points today at 7565. The UK’s bluechip index looks set to nudge higher once more today. On Friday the picture was mainly positive, The Dow Jones slid 201.81 points, or 0.56%, to 35,911.81. The S&P edged up 0.08% to 4,662.85, while the tech-heavy Nasdaq outperformed with a 0.59% gain to close at 14,893.75.  Markets in Asia this morning were mixed, this comes as China’s latest economic data portrayed a mixed picture that, ultimately, led to a cut to bank lending rates.  Japan, meanwhile, is reported to be ready to raise its forecasts for growth and inflation before ‘telegraphing’ its stance on interest rates.  The Nikkei in Japan rose 0.74% on Monday while South Korea’s Kospi fell 1.09%.  China’s Shanghai Composite gained 0.63% but Hong Kong’s Hang Seng index fell 0.64%.  On the oil markets, Brent crude hit a three-year high of almost $84 a barrel.

 

Company News & Broker Comments:

 

Company News:

 

 

AstraZeneca breast cancer treatment Enhertu wins priority review from US FDA.

 

Ashmore report that their Q2 FY22 was down 4.4% to $87.3bn v $91.3bn in the prior quarter.

 

BP has signed a deal with the Omani government to develop a renewable energy and green hydrogen project by 2030.

 

GlaxoSmithKline have rejected a £50bn bid from Unilever for their consumer healthcare business.

 

Hikma Pharmaceutical agrees to acquire Canadian assets of Teligent for $45.8m.

 

Taylor Wimpey report that their FY21 UK home completions were up 47% to 14,087 (9,609 the year before) as private average selling prices increased 3% to £332,000. Their Dec 31st order book was down to £2.55bn (£2.68bn the prior year).

 

Unilever plans to sell lower growth brands and businesses.

 

Broker Comments

 

Berenberg Upgrades GKP to Buy from Hold (5 Buys / 1 Hold / 0 Sells)

Bernstein Downgrades Unilever to Underperform from Market Perform (5 Buys / 7 Holds / 1 Sell)

HSBC Downgrades Hiscox to Hold from Buy (2 Buys / 11 Holds / 0 Sells)

HSBC Upgrades Admiral Group to Hold from Reduce (1 Buy / 5 holds / 4 Sells)

UBS Upgrades Antofagasta to Neutral from Sell (3 Buys / 9 Holds / 3 Sells)

 

Reporting Today:

 

Ashmore

Taylor Wimpey

 

Reporting Tomorrow:

 

Hays

Rio Tinto

 

In Focus Today:

Eurogroup Meeting

Chinese Gross Domestic Product

Chinese Industrial Production

Chinese NBS Press Conference

Chinese Retail Sales

UK NIESR GDP Estimate

Bank of Canada Business Outlook Survey

 

This Week's Ex-Dividends:

 

FTSE 100:

Compass Group

 

FTSE 250:

Diploma

Games Workshop Group

 

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.


Back to Top

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.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.