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Morning Report - 30 March 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
MELROSE INDUSTRIES PLC 133.8 7.5%
OCADO GROUP PLC 1,166.5 7.1%
INTL CONSOLIDATED AIRLINE-DI 149.5 6.9%
SCOTTISH MORTGAGE INV TR PLC 1,072.5 6.4%
COCA-COLA HBC AG-DI 1,681.5 5.8%
Yesterday’s UK 100 Laggards Price (p) % Chg
GLENCORE PLC 480.7 -3.8%
BAE SYSTEMS PLC 713.0 -2.5%
BARCLAYS PLC 156.4 -2.5%
BP PLC 371.4 -2.5%
ANGLO AMERICAN PLC 3801.0 -2.4%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,537 0.9% 11.9%
DOW JONES INDUS. AVG 35,294 1.0% 6.4%
DAX INDEX 14,820 2.8% 0.0%
NIKKEI 225 28,252 1.1% -4.0%
S&P/ASX 200 INDEX 7,464 0.7% 10.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 104.24 -1.62%
Brent Crude (ICE) USD/bbl. 111.24 -1.10%
Gold Spot USD/t oz. 1,919 0.0%
Copper (Comex) USd/lb. 473 0.1%
The UK 100 is called to open flat points at 7537

1 day; 2 Years

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open flat points at 7537.  The UK 100 is called to open Flat today as it takes a breath after yesterday's rally.  The rally was a global affair on Tuesday, on Wall Street equities had a positive close to the session with the Dow Jones finishing up 338 points, 0.97%, at 35,294.  The S&P meanwhile climbed 1.23% to 4,631 and the Nasdaq advanced more, rising 1.84% to 14,619. Small cap focussed index Russell notched 2.65% higher to 2,133.  In Asia this morning, Japan’s Nikkei moved the other way falling 452 points or 1.61% to 27,800.  Hong Kong’s Hang Seng meanwhile gained 1.49% to 22,254 and the Shanghai Composite moved 1.6% higher to 3,255.

 

Company News & Broker Comments:

 

Company News:

Electrocomponents expects FY revenue to be at top end of current estimates.

 

GKP guides gross production of 44,000-50,000 bopd as they declare a $90m dividend to be paid in 2022.

Broker Comments:

Citi Group Downgrades Experian to Neutral from Buy (8 Buys / 5 Holds / 0 Sells)

 

 

RBC Downgrades Antofagasta to Underperform from Sector Perform (3 Buys / 8 Holds / 3 Sells)

 

 

RBC Downgrades Lloyds to Underperform from Outperform (10 Buys / 6 Holds / 0 Sells)

 

Reporting Today:

 

Pershing Square - Estimated date not confirmed

 

Reporting Tomorrow:

Ultra Electronics - Estimated date not confirmed

 

 

 

In Focus Today:

 

BoE's Broadbent speech

 

EU Business Climate

 

EU Consumer Confidence

 

German Harmonized Index of Consumer Prices

 

US ADP Employment Change

 

US Gross Domestic Product Annualized

 

Japanese Industrial Production

 

Tomorrow's Ex-Dividends:

 

FTSE 100:

Phoenix Group Holdings

 

Taylor Wimpey

 

Smith & Nephew

 

InterContinental Hotels Group

 

FTSE 250:

Hammerson

 

Moneysupermarket.com Group

 

Travis Perkins

 

ContourGlobal

 

ConvaTec Group

 

Fidelity European Trust

 

Mercantile Investment Trust

 

Primary Health Properties

 

Finsbury Growth & Income Trust

 

Games Workshop Group

 

RIT Capital Partners

 

Hammerson

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