Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 18 January 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
TAYLOR WIMPEY PLC 160.4 4.2%
ADMIRAL GROUP PLC 3,241.0 4.2%
ANTOFAGASTA PLC 1,436.5 4.2%
GLAXOSMITHKLINE PLC 1,707.8 4.1%
INFORMA PLC 576.6 3.7%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
UNILEVER PLC 3662.0 -7.0%
FLUTTER ENTERTAINMENT PLC-DI 11125.0 -1.3%
EVRAZ PLC 573.0 -1.2%
POLYMETAL INTERNATIONAL PLC 1154.0 -0.7%
FRESNILLO PLC 804.2 -0.4%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,611 0.9% 13.0%
DOW JONES INDUS. AVG 35,912 -0.6% 16.5%
DAX INDEX 15,934 0.3% 15.6%
NIKKEI 225 28,334 0.7% -0.7%
S&P/ASX 200 INDEX 7,417 0.3% 11.3%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 84.30 0.57%
Brent Crude (ICE) USD/bbl. 86.53 0.55%
Gold Spot USD/t oz. 1,819 0.1%
Copper (Comex) USd/lb. 443 0.3%
The UK 100 is called to open -11 points today at 7600.

1 Day; 12 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -11 points today at 7600.   A small dip is expected this morning for UK markets, after yesterday braking through the 7600 level for the first time in two years. ahead of unemployment data this morning and Wall Street returning after a long weekend. It was a mixed session in Asia this morning, as the Bank of Japan shifted its view on inflation risk for the first time since 2014, however, the BoJ made no change to its monetary stance on Tuesday, opting to keep its negative interest rate, asset purchases and yield curve control policies unchanged. The Nikkei in Japan slipped 0.27% and South Korea’s Kospi fell 0.89%.  China’s Shanghai Composite gained 0.73% while Hong Kong’s Hang Seng index fell 0.31%.  US markets were closed for Martin Luther King day.

 

 

Company News & Broker Comments:

 

Company News:

Marshalls revises FY expectations to be ahead of previous guidance.

 

 

Rio Tinto reported a 5.4% drop in its Q4 iron ore shipments, hit by a delay in completion of a new greenfield mine in Western Australia and lower demand from top consumer China as it looks to cut carbon emissions. Rio Tinto shipped 84.1m tonnes of iron ore in the three months to Dec 31st down from 88.9m tonnes a year earlier. They have forecast weaker than expected iron ore shipments in 2022 of between 320-335m tonnes, against UBS expectation of 330-340m tonnes.

 

 

THG sees their FY revenue rise 35% to £2.18bn as FY22 revenue growth is seen to be between 22-25%, driven by their nutrition division. EBITDA for 21 seen to be between 7.4-7.7% (expectations were 7.9%).

 

Broker Comments

Berenberg Downgrades Howden Joinery Group to Hold from Buy (9 Buys / 3 Holds / 0 Sells)

 

 

Goldman Sachs Raises BT Group to 'Conviction Buy List' (8 Buys / 5 Holds / 2 Sells)

 

 

Jefferies Upgrades Fevertree Drinks to Buy from Hold (7 Buys / 6 Holds / 2 Sells)

 

 

 

Reporting Today:

 

Hays

 

Rio Tinto

 

 

Reporting Tomorrow:

 

Antofagasta

 

BHP Group

 

Burberry Group

 

Centamin

 

Crest Nicholson

 

Diploma

 

Liontrust Asset Management

 

 

In Focus Today:

 

 

BoJ Interest Rate Decision

 

BoJ Monetary Policy Statement

 

BoJ Press Conference

 

UK Claimant Count Change

 

UK ILO Unemployment Rate

 

EcoFin Meeting

 

EU ZEW Survey – Economic Sentiment

 

German ZEW Survey – Economic Sentiment

 

 

This Week's Ex-Dividends:

 

FTSE 100:

Compass Group

 

FTSE 250:

Diploma

Games Workshop Group

 

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.


Back to Top

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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.