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 |
| HARGREAVES LANSDOWN PLC | 2,073.0 | 6.1% |
| BARCLAYS PLC | 192.5 | 5.5% |
| NMC HEALTH PLC | 2,585.0 | 4.9% |
| LLOYDS BANKING GROUP PLC | 67.3 | 4.5% |
| ST JAMES’S PLACE PLC | 1,199.5 | 4.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| PEARSON PLC | 653.8 | -0.9% |
| M&G PLC | 243.4 | -0.3% |
| LAND SECURITIES GROUP PLC | 1001.0 | -0.1% |
| CARNIVAL PLC | 3316.0 | 0.1% |
| PERSIMMON PLC | 2826.0 | 0.4% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 7,519 | 2.3% | 9.8% |
| DOW JONES INDUS. AVG | 28,236 | 0.4% | 17.2% |
| DAX INDEX | 13,408 | 0.9% | 23.4% |
| NIKKEI 225 | 23,952 | -0.3% | 11.4% |
| S&P/ASX 200 INDEX | 6,850 | 1.6% | 21.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 60.24 | 0.28% |
| Brent Crude (ICE) | USD/bbl. | 65.36 | 0.21% |
| Gold Spot | USD/t oz. | 1,476 | 0.0% |
| Copper (Comex) | USd/lb. | 281 | 1.0% |
Click graph to enlarge
UK 100 called to open +7 points at 7526; This is on the back of yesterday’s 2%+ gain we saw on the UK blue chip index, following further positive sentiment on the back of Fridays general election result, secured certainly if nothing else for investors. UK PM Boris Johnson has now said he will change law to guarantee the Brexit transition phase is not extended, setting up a new cliff-edge for a no-deal split with the EU at the end of next year, will this provide further investor certainty? If so could this provide a further leg up? Positive sentiment wasn’t reserved exclusively for the UK yesterday though, the U.S saw all three major indices once again strike all time highs during trading, the Dow Jones closing at 28,235 (+100 points), the S&P closing at 3,191 (+23 points) and the Nasdaq closing at 8,814 (+80 points). But the green sweep didn’t finish there....trading was buoyant in Asia also, the Nikkei closing at 24,070 (+118 points) and the Hang Seng at 27,813 (+305 points). The positive trade was driven by further news of U.S - China trade deal edging ever closer to the finish line. Oil crept ever higher overnight, trading at $65.7 per barrel at time of writing. Whilst somewhat unexpectedly gold maintained its level of $1477 in spite if risk on being prevalent.
AA announces the appointment to the Board of Kevin Dangerfield as Chief Financial Officer.
Bunzl today said their expectations for the year ending 31st December to be unchanged with overall trading consistent with the slowing and underlying revenue growth indicated in previous announcements this year due to the impact of the continued mixed macroeconomic and market conditions across the countries and sectors in which the Group operates.
Intertek announces that it has acquired hospitality assurance business Check Safety First (CSF).
Petrofac today announced it expected trading to be in line with guidance in its pre-close trading update for the year ending 31 Dec, full results announced on 25th February 2020.
Unilever today announces that it expects underlying sales growth for 2019 to be slightly below its guidance of the lower half of its 3-5% multi-year range.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Anglo American Upgraded to Overweight by JP Morgan (Bloomberg: 12 buys/ 10 holds/ 5 sells)
BHP Group Downgraded to Underweight by JP Morgan (Bloomberg: 7 buys/ 18 holds/ 5 sells)
Evraz Upgraded to Neutral by JP Morgan (Bloomberg: 3 buys/ 9 holds/ 2 sells)
Ferrexpo Downgraded to Neutral by JP Morgan (Bloomberg: 5 buys/ 4 holds/ 4 sells)
Helical Upgraded to Buy by Peel Hunt (Bloomberg: 3 buys/ 2 holds/ 0 sells)
Rio Tinto Downgraded to Neutral by JP Morgan (Bloomberg: 11 buys/ 12 holds/ 7 sells)
UK ILO Unemployment Rate
UK Consumer Price Index (CPI)
Eurozone Consumer Price Index (CPI)
UK 100
Burberry Group - 0.8%
United Utilities - 1.7%
Countryside Properties - 2.4%
Sirius Retail Estate - 1.8%
RHI Magnesita - 1.1%
Mercantile - 0.6%
(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.
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.