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Morning Report - 1 October 2019

Yesterday’s UK 100 Leaders Price (p) % Chg
IMPERIAL BRANDS PLC 1,828.2 3.0%
BRITISH AMERICAN TOBACCO PLC 3,007.5 2.1%
JD SPORTS FASHION PLC 751.4 2.1%
WPP PLC 1,018.0 1.9%
DS SMITH PLC 360.4 1.8%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
RECKITT BENCKISER GROUP PLC 6344.0 -4.0%
WHITBREAD PLC 4294.0 -3.9%
FRESNILLO PLC 683.6 -2.8%
NMC HEALTH PLC 2710.0 -2.2%
ASTRAZENECA PLC 7261.0 -1.7%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 7,408 -0.2% -1.2%
DOW JONES INDUS. AVG 26,917 0.4% 1.0%
DAX INDEX 12,428 0.4% 0.7%
NIKKEI 225 21,885 0.6% -9.7%
S&P/ASX 200 INDEX 6,743 0.8% 9.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 54.47 0.74%
Brent Crude (ICE) USD/bbl. 60.78 -1.83%
Gold Spot USD/t oz. 1,462 -0.7%
Copper (Comex) USd/lb. 254 -1.3%
UK 100 called to open -5 points at 7431

UK 100 : 4 hours, 2 months

Click graph to enlarge

Markets Overview:

 

UK 100 Called to open +20 points at 7431; Over night trading during US Sessions saw markets start the week on a positive note to finish the third quarter as they moved higher early afternoon but did drift from their session highs late afternoon.  Asian sessions saw further positive sentiment following Australia's central bank cutting its cash rate to a new record low (Both markets in China & Hong Kong were closed)  The Nikkei however rose 0.65% during market hours.  Focus in the next 24 hours this side of the pond will be on Boris Johnson to unveil his Brexit plan to EU leaders. The U.K. will set out the PM's preferred alternative to the Irish backstop in calls to EU capitals.  Oil continued to fall overnight breaking through $60 a barrel before finding some support and battling back to $60.2.  Risk on sentiment remained strong and this can be evidenced by gold sitting way down at $1462 ($80 plus off recent highs)

 

In corporate news this morning:

 

Ferguson announced results today stating "Strong results with good cost control, well placed for further progress in 2020; Revenue +6.1% YoY; Dividend per share +10% YoY; Trading profit +7.2% YoY.

 

Greggs Reported this morning that it had continued very strong sales growth, however, as expected, the rate of year-on-year sales growth moderated as we came up against stronger comparative sales from the previous year.  Full year expectations remain unchanged.

 

WPP appoints John Rogers as CFO, He is currently CEO of Sainsbury's Argos

 

Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

 

Upgrades/Downgrades:

 

Royal Bank of Scotland Downgraded to Equal Weight by Barclays (Bloomberg: 11 Buys / 12 Holds / 3 Sells)

 

 

In Focus Today:

 

EU Consumer Price Index

 

US ISM Manufacturing data

 

Companies reporting today:

 

Greggs, Ferguson

 

 

Companies reporting Tomorrow:

 

Tesco, Wizz Air

 

 

Companies reporting this week:

 

Ted Baker

 

(Full list available on Week in advance)

 

This Week's Ex-Dividends:

 

DS Smith - 3.2%

 

Taylor Wimpey - 2.4%

 

WPP - 2.3%

 

British American Tobacco - 1.8%

 

Hays - 5.6%

 

(Full list available on Week in advance)

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