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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| BURBERRY GROUP PLC | 2,345.0 | 3.0% |
| IMPERIAL BRANDS PLC | 2,096.5 | 2.2% |
| AVEVA GROUP PLC | 4,024.0 | 1.5% |
| PERSIMMON PLC | 1,950.5 | 1.1% |
| COCA-COLA HBC AG-DI | 2,730.0 | 1.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| JOHNSON MATTHEY PLC | 3204.0 | -5.4% |
| RSA INSURANCE GROUP PLC | 571.0 | -4.4% |
| ITV PLC | 107.8 | -3.1% |
| BP PLC | 528.0 | -2.9% |
| FRESNILLO PLC | 895.0 | -2.8% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,535 | -0.6% | -1.8% |
| DOW JONES INDUS. AVG | 27,220 | -0.4% | 8.0% |
| DAX INDEX | 12,341 | -0.7% | -3.3% |
| NIKKEI 225 | 21,046 | -2.0% | -7.9% |
| S&P/ASX 200 INDEX | 6,649 | -0.4% | 6.5% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 56.74 | -0.07% |
| Brent Crude (ICE) | USD/bbl. | 63.78 | 0.19% |
| Gold Spot | USD/t oz. | 1,422 | -0.3% |
| Copper (Comex) | USd/lb. | 271 | -0.3% |
Click graph to enlarge
UK Index called down 30 points at 7500. Asian indices declined across the board, as fears over a weak earnings season, and the trade war between North and South Korea continue. US markets dipped, as lack lustre housing data and a surprise loss of customers for Netflix sent shares tumbling, which gave little to cheer about. A rate cut could be on the horizon in 2 weeks at the Fed’s next policy meeting (good for markets, gets people spending, bad for banks, as they make less profits). Oil edged slightly higher as did Gold.
Anglo American Q2 production; Copper +1%, Platinum +3%, Iron Ore -9%, Coal +11% and Thermal Coal -8%. Remains broadly on track to deliver full year production targets.
ASOS Q2 sales +12%, however, expects transition issues with warehouse programmes to continue and cuts 2020 guidance accordingly.
BAE Systems reaches agreement in respect of overseas tax matters. One off non-cash benefit of 5p/share for 2019 earnings per share.
easyJet Q3 trading in-line, despite tough conditions; revenues +11%, second half 78% booked; backs FY19 guidance (£400-440m pre-tax profit); appoints Peter Bellew Operating Chief.
SSE FY 2020 outlook unchanged, despite lower than forecast renewable energy output in first three months; keep months still to come; Reiterates FY dividend intention of 80p/share;
Royal Mail says Q1 trading was in line; FY guidance unchanged.
Stonegate Pub agrees £1.27B (285p/share) cash offer for Ei Group
Hochschild Mining remains firmly on track to meet annual production and cost targets.
Centamin maintains annual guidance for 2019: Expects costs to trend downwards in line with scheduled increased production profile in H2.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Greggs Downgraded to Reduce by Peel Hunt (Bloomberg: 2 Buys / 6 Holds / 1 Sell)
IHG Downgraded to Underperform by RBC (Bloomberg: 5 Buys / 5 Holds / 11 Sells)
Whitbread Downgraded to Underperform by RBC (Bloomberg: 4 Buys / 16 Holds / 2 Sells)
UK Retail (9.30). Watch GBP for any knock on to the UK Index
US Philadelphia Fed Manufacturing, Initial Jobless Claims(1.30pm). This can be an indicator of US consumer confidence
Companies reporting day reaction: Easyjet, Asos, Royal Mail, SSE and Centamin
Companies reporting this week:
US - American Express, Shlumberger (Today)
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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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Prepared by Michael van Dulken, Head of Research