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Morning Report - 3 February 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
POLYMETAL INTERNATIONAL PLC 1,286.0 1.6%
IMPERIAL BRANDS PLC 1,950.8 1.5%
SSE PLC 1,508.5 0.5%
PEARSON PLC 568.4 0.5%
PERSIMMON PLC 3,053.0 0.4%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
HARGREAVES LANSDOWN PLC 1725.0 -8.2%
EVRAZ PLC 352.6 -4.3%
ASHTEAD GROUP PLC 2455.0 -3.8%
OCADO GROUP PLC 1223.5 -3.7%
INTERTEK GROUP PLC 5760.0 -3.7%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 7,286 -1.3% 3.8%
DOW JONES INDUS. AVG 28,256 -2.1% 12.7%
DAX INDEX 12,982 -1.3% 16.1%
NIKKEI 225 22,972 -1.0% 10.5%
S&P/ASX 200 INDEX 6,923 -1.3% 18.1%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 51.63 0.14%
Brent Crude (ICE) USD/bbl. 56.33 -0.51%
Gold Spot USD/t oz. 1,574 -0.9%
Copper (Comex) USd/lb. 254 0.8%

 

UK 100 called to open +30 points at 7309

UK 100 : 1 hours, 4 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +30 points at 7309; Chinese shares tumbled and the yuan weakened as traders returned from an extended holiday amid the worsening coronavirus outbreak. Support measures from China’s government helped stem losses somewhat in Asia, while U.S. futures rose.  The Nikkei fell 233 points to close at 22,971, whilst the Hang Seng in Hong Kong actually closed out the day in the green closing +85 points at 26,387.  The U.S closed out the week in the red, the Dow Jones losing 603 points, to close at 28,256, The S&P 500 closed at 3,225, a fall of 58 points & the Nasdaq completed the all red day, falling 148 points to trade at 9,150.  Crude oil continued to slide over the weekend, trading at $57 per barrel at time of writing.  While gold held firm at $1575.

 

In corporate news this morning:

 

GSK is collaborating with the Coalition for Epidemic Preparedness Innovations (CEPI) to contribute towards the effort of developing a vaccine for the coronavirus outbreak.

 

Imperial Brands announce that Stefan Bomhard is to join the board as CEO from Inchcape. 

 

Ryanair reports Q3 net profit of 88m euros due to stronger Christmas/New year traffic. Traffic +6% and revenue per guest rose 13%. FY20 guidance has risen to a range of 0.95bn-1.05bn.

 

Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

 

Reporting Today:

 

Ryanair

 

Reporting Tomorrow:

 

BP

 

Micro Focus

 

St. Modewen

 

Glencore

 

In Focus Today:

 

US - Manufacturing PMI

 

CN - Caixin Manufacturing PMI

 

 

This Week's Ex Dividends:

 

UK 100 :

 

Sage Group

 

:

 

Paypoint

 

GCP infrastructure Investments

 

Edinburgh Investment Trust

 

Daejan Holdings

 

Upgrades/Downgrades

 

Britvic Upgraded to Overweight by Morningstar (Bloomberg: 11 Buys/ 3 Holds/ 5 Sells)

 

Drax Upgraded to Overweight by Barclays (Bloomberg: 8 Buys/ 4 Holds/ 0 Sells)

 

Johnson Matthey Upgraded to Buy by Morningtar (Bloomberg: 11 Buys/ 3 Holds/ 5 Sells)

 

London Stock Exchange Downgraded to Market Perform by Keefe, Bruyette & Woods (Bloomberg: 8 Buys/ 4 Holds/ 2 Sells)

 

McCarthy & Stone Downgraded to Hold by Jefferiess (Bloomberg: 3 Buys/ 2 Holds/ 3 Sells)

 

SSE Upgraded to Overweight by Barclays (Bloomberg: 7 Buys/ 10 Holds/ 2 Sells)

 

TalkTalk Upgraded to Hold by HSBC (Bloomberg: 2 Buys/ 5 Holds/ 8 Sells)

 

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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