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Morning Report - 5 December 2019

Yesterday’s UK 100 Leaders Price (p) % Chg
MEGGITT PLC 640.2 3.5%
EVRAZ PLC 357.2 3.4%
DS SMITH PLC 378.9 2.9%
HARGREAVES LANSDOWN PLC 1,808.5 2.9%
OCADO GROUP PLC 1,228.0 2.9%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
FRESNILLO PLC 545.4 -6.4%
M&G PLC 224.8 -2.7%
WM MORRISON SUPERMARKETS 192.8 -1.4%
SAGE GROUP PLC/THE 722.2 -1.3%
SMITH & NEPHEW PLC 1661.0 -1.3%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 7,189 0.4% 3.9%
DOW JONES INDUS. AVG 27,650 0.5% 10.5%
DAX INDEX 13,141 1.2% 17.3%
NIKKEI 225 23,300 0.7% 6.3%
S&P/ASX 200 INDEX 6,683 1.2% 17.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 58.29 -0.24%
Brent Crude (ICE) USD/bbl. 62.93 -0.11%
Gold Spot USD/t oz. 1,475 0.0%
Copper (Comex) USd/lb. 266 0.2%
UK 100 called to open+12 at 7200

UK 100 : 1 days, 8 months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +12 at 7200 this morning, providing investors with some much needed positive sentiment to begin the trading day, US trading closed on a positive note with the Dow Jones +147 points, the S&P +20 points and the Nasdaq +47 points. overnight in Asia we saw the Nikkei +164 points and the Hang Seng +133 points perhaps suggestions that negative sentiment has turned positive ahead of today’s OPEC meeting at which Saudi Arabia will use both stick and carrot to persuade its OPEC partners to defend oil prices. Oil continued to find rising support overnight settling at $63.4 per barrel to stay in its one month long up-channel. Gold continued to tick upwards as the traditional safe haven continued its recent momentum to settle at $1477.

 

In corporate news this morning:

 

Astrazeneca Merck Lynparza wins approval in China for ovarian cancer treatment.

 

DS Smith reports a profit jump of 15% in H1. This was bolstered by increased demand from online retailers and cost savings from its recent acquisition of Spanish rival Europac. Adjusted pre-tax profit was £351m.

St Modwens provides trading update and reiterates its strong progress on delivering the deep pipeline of opportunities in its existing portfolio. UK property market continues to remain challenging.

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

 

Upgrades/Downgrades:

 

Berkeley Group Downgraded to Sell by Liberum (Bloomberg: 5 buys/ 6 holds/ 6 sells)

 

Smith and Nephew Upgraded to Hold by Morningstar (Bloomberg: 8 buys/ 7 holds/ 2 sells)

 

Stagecoach Downgraded to Hold by Liberum (Bloomberg: 4 buys/ 3 holds/ 1 sells)

 

Tui Downgraded to Hold by Comerzbank (Bloomberg: 9 buys/ 12 holds/ 2 sells)

 

Tullow Oil Downgraded to Sector Perform by RBC Capital Markets (Bloomberg: 12 buys/ 10 holds/ 1 sells)

 

Virgin Money Upgraded to Buy by Morningstar (Bloomberg: 13 buys/ 8 holds/ 3 sells)

 

In Focus Today:

 

Eurozone GDP

 

US trade balance

 

OPEC meeting

 

Companies reporting today:

 

MJ Gleeson

 

DS Smith

 

Victrex

 

IG Group Holdings

 

Joules

 

Companies reporting Tomorrow:

 

Berkeley Group

 

(Full list available on Week in advance)

 

This morning's Ex-Dividends:

 

Next- 0.8%

 

Royal Mail - 3%

 

Investec - 2.5%

 

Britvic - 2.2%

 

 

(Full list available on Week in advance)

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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