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Morning Report - 10 June 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
MELROSE INDUSTRIES PLC 163.1 3.4%
VODAFONE GROUP PLC 126.2 1.4%
AIRTEL AFRICA PLC 145.2 0.8%
SEVERN TRENT PLC 2,909.0 0.7%
UNITED UTILITIES GROUP PLC 1,047.5 0.2%
Yesterday’s UK 100 Laggards Price (p) % Chg
AVEVA GROUP PLC 2362.0 -4.3%
KINGFISHER PLC 245.6 -4.0%
RS GROUP PLC 913.0 -3.5%
OCADO GROUP PLC 920.4 -3.4%
INTERMEDIATE CAPITAL GROUP 1479.0 -3.1%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,481 -1.5% 5.7%
DOW JONES INDUS. AVG 32,735 -0.5% -4.7%
DAX INDEX 14,211 -1.6% -8.0%
NIKKEI 225 28,247 0.0% -2.5%
S&P/ASX 200 INDEX 7,020 -1.4% -3.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 121.85 -0.21%
Brent Crude (ICE) USD/bbl. 123.54 -0.03%
Gold Spot USD/t oz. 1,843 -0.6%
Copper (Comex) USd/lb. 437 -1.9%
The UK 100 is called to open -50 points this morning at 7426.  

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -50 points this morning at 7426.  The UK 100 looks set to start the final trading session of the week on the back foot,as investors seem to be continuing to fret about inflation and the medicine required to combat it.  This follows on from a difficult session on Wall Street yesterday.  The Dow Jones tumbled 638 points to 32,273 and the S&P 500 slumped 98 points to 4,018 ahead of the release of US inflation and core inflation data today.  In Asia this morning, Chinese inflation data came in slightly better than expected, the Hang Seng index is trading 123 points lower at 21,746 but the Shanghai Composite is 18 points better at 3,256.  Elsewhere in Asia, the Nikkei 225 is 420 points lower in Tokyo at 27,826.

 

 

Company News & Broker Comments:

 

Company News:

GlaxoSmithKline sees positive headline results from AReSVi 006 III trial in RSV vaccine.

 

 

IAG CEO Luis Gallego has attributed the current chaos in many airports around Europe to the difficulty in finding staff as salary demands have increased.

Broker Comments:

Berenberg Downgrades Travis Perkins to Hold from Buy (9 Buys / 6 Holds / 1 Sell)

 

 

JP Morgan Upgrades Countryside Properties to Neutral from Underweight (1 Buy / 3 Holds / 0 Sells)

 

Reporting Today:

None

 

Reporting Monday:

 

Lancashire Holdings

 

Molten Ventures

 

Sirius Real Estate

 

In Focus Today:

 

Chinese Consumer Price Index

 

US Consumer Price Index

 

Michigan Consumer Sentiment Index

 

Monthly Budget Statement

 

Next Week's Ex-Dividends:

 

FTSE 100:

Persimmon

 

Intermediate Capital Group

 

3i Group

 

Land Securities Group

 

RS Group

 

FTSE 250:

TBC Bank Group

 

Ferrexpo

 

Pets At Home Group

 

Fidelity China Special Situations

 

3i Infrastructure

 

JTC

 

XP Power

 

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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