This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| STANDARD CHARTERED PLC | 603.0 | 4.1% |
| HSBC HOLDINGS PLC | 520.7 | 3.5% |
| HARBOUR ENERGY PLC | 364.8 | 2.7% |
| BP PLC | 436.8 | 2.5% |
| BARRATT DEVELOPMENTS PLC | 485.6 | 2.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| OCADO GROUP PLC | 780.6 | -11.3% |
| KINGFISHER PLC | 235.5 | -4.1% |
| INTERMEDIATE CAPITAL GROUP | 1396.0 | -4.0% |
| RENTOKIL INITIAL PLC | 453.8 | -3.9% |
| SSE PLC | 1643.5 | -3.8% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,198 | -0.1% | 0.7% |
| DOW JONES INDUS. AVG | 30,421 | -0.3% | -11.6% |
| DAX INDEX | 13,318 | -0.8% | -13.8% |
| NIKKEI 225 | 26,630 | -1.3% | -9.6% |
| S&P/ASX 200 INDEX | 6,686 | -3.6% | -8.6% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 123.18 | 1.86% |
| Brent Crude (ICE) | USD/bbl. | 124.68 | 1.97% |
| Gold Spot | USD/t oz. | 1,814 | -0.3% |
| Copper (Comex) | USd/lb. | 419 | -0.8% |
Click graph to enlarge
The UK 100 is called to open +48 points this morning at 7235. The UK 100 looks set to begin the session on the front foot once more today, ahead of todays US Federal reserve interested rate decision. This comes on the back of another difficult session for the US overnight. The S&P 500 tumbled 0.38% to close at 3,735.48. The Dow Jones Industrial Average dropped 151.91 points, or 0.5%, to settle at 30,364.83. It was the fifth day of declines for the broad-market index and the 30-stock Dow. The Nasdaq Composite rose 0.18% to finish at 10,828.35. This morning The European Central Bank announced an unscheduled monetary policy meeting for Wednesday, at a time when bond yields are surging for many governments across the euro zone.
Ferrexpo says that the principal risk for the company amid the war in Ukraine is its export logistics network.
Playtech receives regulatory approval for the sale of its trading division Finalto.
Rio Tinto delivers its first iron ore from Gudai-Darri iron ore mine and says production will continue to ramp up throughout this year. They expect to reach full capacity during 2023.
Whitbread has flagged higher costs for FY23 on tight labour supply, after reporting higher total sales in Q1 as hotel stays in Germany and UK rose as pandemic-led curbs eased. They stated that the group's total sales in the 13 weeks ended May 27th were 244.9% higher from the same period in FY22.
WH Smith expects FY result to be at the high end of analyst expectations on travel growth.
Berenberg Downgrades Rolls-Royce to Hold from Buy (3 Buys / 8 Holds / 1 Sell)
Credit Suisse Downgrades ABRDN to Underperform from Outperform (4 Buys / 6 Holds / 1 Sell)
Credit Suisse Upgrades Schroders to Outperform from Neutral (2 Buys / 16 Holds / 0 Sells)
Citigroup Upgrades Wizz Air to Neutral from Sell (6 Buys / 9 Holds / 4 Sells)
UBS Upgrades LSE to Buy from Neutral (5 Buys / 5 Holds / 0 Sells)
Whitbread
Biffa
Halma
Syncona
Chinese Industrial Production
Chinese NBS Press Conference
Chinese Retail Sales
EU Industrial Production s.a.
US Retail Sales
US Retail Sales Control Group
Fed Interest Rate Decision
Fed's Monetary Policy Statement
FOMC Economic Projections
FOMC Press Conference
Japanese Merchandise Trade Balance Total
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.
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.