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Morning Report - 19 August 2021

Yesterday’s FTSE100 Leaders	Price (p)	% Chg
JUST EAT TAKEAWAY	6,640.0	5.2%
INTL CONSOLIDATED AIRLINE-DI	163.0	2.4%
BARRATT DEVELOPMENTS PLC	722.0	2.3%
TAYLOR WIMPEY PLC	176.6	2.2%
INFORMA PLC	553.0	2.0%

Yesterday’s FTSE100 Laggards	Price (p)	% Chg
BHP GROUP PLC	2218.0	-5.9%
BURBERRY GROUP PLC	1941.0	-4.9%
ANTOFAGASTA PLC	1470.5	-2.8%
RIO TINTO PLC	5338.0	-2.6%
ANGLO AMERICAN PLC	3235.5	-2.2%

Major World Indices	Price	% Chg	1 YEAR
FTSE 100 INDEX	7,169	-0.2%	17.3%
DOW JONES INDUS. AVG	34,961	-1.1%	26.2%
DAX INDEX	15,966	0.3%	23.0%
NIKKEI 225	27,281	-1.1%	18.1%
S&P/ASX 200 INDEX	7,465	-0.5%	21.0%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	64.21	-1.91%
Brent Crude (ICE)	USD/bbl.	67.21	-1.49%
Gold Spot	USD/t oz.	1,777	-0.6%
Copper (Comex)	USd/lb.	410	-0.5%

The UK 100 is called to open -81 points today at 7066.

1 day; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open -81 points today at 7066. Markets are all set to the start the day in the red as Europe takes the baton from Asia. Stocks retreated to their lowest levels this year, as fears notched higher on global growth and an end to central bank support, drove investors to safe havens. Oil was off for the sixth straight session, trading at three month lows, Brent crude was last down 1% at $67.54 a barrel, U.S. crude lost 1.2% to trade at $64.42 a barrel, whilst copper fell to two month lows. The Delta variant of the coronavirus, the tech crackdown in China and the impression the Fed is going to slow down its asset purchases was enough to sink Asia last night. The Fed' July meeting showed the expectation of easing if stimulus. A stronger dollar dragged gold down by 0.55% to $1778.87

Company News & Broker Comments:

Company News:

Antofagasta saw its HY profit soar to $1.784bn (2020: $388m) and said it will pay an interim dividend of 23.6 cents per share, benefiting from higher copper and gold prices. EBITDA rose to a record $2.4bn in H1 2021, compared to $2.7bn in the whole of 2020.

Lloyds has set a target of buying 50,000 homes in the next 10 years as it moves into the private rental market.

Marshalls report a H1 pretax profit of £38.9m (2020: £16m loss).

Rank Group have reported a FY underlying loss of £67m as the board proposes no dividend payment for 2020/21.

Broker Comments

JP Morgan Upgrades Weir Group to Overweight from Neutral (4 Buys / 9 Holds / 0 Sells)

Reporting Today:

Balfour Beatty
Persimmon

Reporting Tomorrow:

Antofagasta

Rank Group

In Focus Today:

German Harmonized Index of Consumer Prices

US Consumer Price Index ex Food & Energy

German 10-y Bond Auction

US Monthly Budget Statement

This Week's Ex-Dividends:

FTSE 100:

Anglo American
Phoenix Group Holdings
M&G
Abrdn
Imperial Brands
GlaxoSmithKline
HSBC Holdings
Schroders
Ashtead Group
Hikma Pharmaceuticals
London Stock Exchange Group
Pershing Square Holdings
Prudential

FTSE 250:

Dixons Carphone
ContourGlobal
Civitas Social Housing
Murray Income Trust
CLS Holdings
Rotork
Witan Investment Trust
TI Fluid Systems
Chemring Group

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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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