Getting latest data loading
Home / Morning Report / 010914es

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

Morning Report - 1 September 2014

UK 100 Leaders Close Chg % Chg % YTD
Babcock International Group PLC 1347 55.0 4.3 -0.6
Pearson PLC 1063 24.0 2.3 -20.7
Mondi PLC 1049 23.0 2.2 0.3
ARM Holdings PLC 998 20.5 2.1 -9.2
WPP Group PLC 1237 22.0 1.8 -10.4
Rio Tinto PLC 3337.5 58.0 1.8 -2.1
BAE Systems PLC 414.2 6.8 1.7 -4.8
Petrofac Ltd 1438 22.0 1.6 17.5
UK 100 Laggards Close Chg % Chg % YTD
SSE PLC 1469 -42.0 -2.8 7.2
Shire PLC 2945 -76.0 -2.5 3.3
St James’s Place PLC 825 -19.0 -2.3 13.3
Associated British Foods PLC 2781 -49.0 -1.7 13.7
GlaxoSmithKline PLC 1591.5 -26.5 -1.6 -1.2
Sports Direct International PLC 852 -14.0 -1.6 19.2
AstraZeneca PLC 3876.5 -61.0 -1.6 8.5
Tullow Oil PLC 748.5 -11.5 -1.5 -12.5
Major World Indices Mid/Close Chg % Chg % YTD
UK UK 100 6,598.37 -17.21 -0.26 -2.23
UK 16,273.70 91.99 0.57 2.12
FR CAC 40 4,391.50 -19.76 -0.45 2.22
DE DAX 30 9,555.91 -31.28 -0.33 0.04
US DJ Industrial Average 30 16,457.70 134.64 0.82 -0.72
US Nasdaq Composite 100 4,198.99 43.23 1.04 0.54
US S&P 500 1,872.34 14.72 0.79 1.30
JP Nikkei 225 15,476.60 52.01 0.34 -5.00
HK Hang Seng Index 48 24,807.15 65.09 0.26 6.44
AU S&P/ASX 200 5,632.20 6.30 0.11 5.23
Commodities & FX Mid/Close Chg % Chg % YTD
Crude Oil, US Light Sweet ($/barrel) 101.1 -0.32 -0.32 2.7558
Crude Oil, Brent ($/barrel) 107.475 0.4 0.37 -3.3357
Gold ($/oz) 1283.65 -1.25 -0.1 6.6484
Silver ($/oz) 19.7075 -0.0525 -0.27 1.7246
Platinum ($/oz) 1415.75 -1.45 -0.1 3.1366
GBP/USD – US$ per £ 1.6665 -0.01 0.707
EUR/USD – US$ per € 1.3775 -0.02 0.2328
GBP/EUR – € per £ 1.2099 0.02 0.3401
UK Index called to open +13pts at 6816

1 Week, 5 Min

Click graph to enlarge

Today's Main Events

  • 07:00     DE           GDP
  • 08:55     DE           PMI Manufacturing
  • 09:00     EZ           PMI Manufacturing
  • 09:30     UK          MARKIT PMI Manufacturing

See Live Macro Calendar for full data line-up, incl. consensus expectations

Markets Overview: (Source: Bloomberg, FT, Reuters, DJ Newswires)

The UK 100 Index is called to open higher by 12pts at 6818pts following a modest gain of 14pts on Friday.

Fresnillo (FRES.L) and Randgold Resources (RSS.L) were among the best performers, up as much as 2.29%, as reports suggested Russian troops were amassing on the border with Ukraine, while other sources claimed Russian troops had already crossed the border. The price of gold climbed back above $1290 as investors sought safety 'just in case'.

AstraZeneca (AZN.L) climbed by 1.95%. The prospect of a deal with Pfizer continues to circulate in the financial press. The shares are up some 8% since the story made headlines last week.

The UK supermarkets took a pounding on Friday as Tesco (TSCO.L) delivered a profit warning and slashed its interim dividend by 75%.

The challenges facing the UK's largest supermarket have been well documented in recent years, changes in management and numerous profit warnings had sent the share price to a 10 year low ahead of Friday's revelation. But the cutting of the dividend was enough to send the shares further south, as low as 223.8p at one point - down 9.13%, the lowest price in 11 years.

The shares recovered slightly to finish the session at 229.95p down 6.64%.

J Sainsbury (SBRY.L) and WM Morrison (MRW.L) were tarred with the same brush and declined 4.35% and 5.03% respectively, to join Tesco (TSCO.L) in the bottom three of the UK 100 .

U.S. markets posted shallow gains ahead of Labour Day today. The Dow Jones added 19pts to close at 17,098pts. The S&P 500 closed 6pts higher at 2,003pts.

Asian markets climbed higher as weaker than expected manufacturing data from China fuelled speculation the government will take further steps to boost the economy. The Shanghai Composite Index registered the most impressive gain up 0.72% at 2,233pts.

In commodities, gold was little changed trading slightly below one week highs of $1290 as tensions eased in Ukraine. Meanwhile hedge funds cut their bullish gold bets for the fourth week in five sending holdings to a two month low. WTI fell back to $95.71 a barrel snapping recent gains as OPEC’s oil production was seen increasing to the highest levels in a year. Brent remained steady.

In FX, the dollar reached the highest level in almost a year against the euro as signs of U.S. economic growth and tensions in Ukraine boosted demand for the currency.

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

 

Overnight Macro Data: (Source: Reuters/DJ Newswires)

  • AU       AIG Performance Of Manufacturing Index    Deteriorated
  • CN       PMI Manufacturing                                        Miss
  • JP         MARKIT/JMMA PMI Manufacturing              Deteriorated

See Live Macro calendar for all details


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. Prepared by Michael van Dulken, Head of Research

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.
.