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Morning Report - 29 August 2019

Yesterday’s UK 100 Leaders Price (p) % Chg
FRESNILLO PLC 728.0 4.4%
NMC HEALTH PLC 2,371.0 3.2%
TESCO PLC 218.8 2.4%
BHP GROUP PLC 1,712.0 2.4%
BP PLC 498.8 2.2%
Yesterday’s UK 100 Laggards Price (p) % Chg
BERKELEY GROUP HOLDINGS/THE 3775.0 -4.8%
TAYLOR WIMPEY PLC 143.1 -3.6%
BARRATT DEVELOPMENTS PLC 625.0 -3.4%
AVEVA GROUP PLC 3712.0 -3.4%
PERSIMMON PLC 1875.0 -2.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,115 0.4% -5.9%
DOW JONES INDUS. AVG 26,036 1.0% -0.3%
DAX INDEX 11,701 -0.3% -6.9%
NIKKEI 225 20,433 -0.2% -10.8%
S&P/ASX 200 INDEX 6,507 0.1% 2.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 55.52 -0.47%
Brent Crude (ICE) USD/bbl. 60.06 -0.71%
Gold Spot USD/t oz. 1,546 0.4%
Copper (Comex) USd/lb. 256 -0.3%

 

UK 100 called to open flat at 7105

UK 100 : 1 hour, 9 days

Click graph to enlarge

Markets Overview:

UK Index called to open flat at 7105; on the back of what can only be described as an “eventful” trading session yesterday, there is a feeling of stability.  Following UK Prime minister Boris Johnson calling on the queen to suspend parliament pending a new queen's speech, GBP weakened by 100 pips against the USD and the EUR respectively, causing USD denominated to rally, seeing the UK Index up 1% during trading yesterday.  Also in geopolitical events the US locked in tariffs scheduled for September 1st and December 15th on Chinese exports, this saw retailers “Howl”.  The Dow however closed the day +250pts (all US bourses closed the day in the green!) whilst slightly more muted Asian sessions were green in the main also. Crude pulled back from highs of $60.5 to settle at $60 buoyed by a drawdown in inventories.  Gold continued to rally, settling at $1545.

 

In corporate news this morning:

AstraZeneca announce Anifrolumab Phase III trial meets primary endpoint in systemic lupus erythematosus

Hays reported higher annual net fees (+5%) in their H1 2019 results but said it was facing tougher trading conditions in its core markets such as Germany and Britain.

Hunting announced H1 2019 underlying profit of $55.6m (2018: $53.5m), profit from operations of $41.1m (2018: $38.9m). Interim dividend of 5 cents (2018: 4 cents). Hunting have maintained market share in the US, despite challenging US onshore markets, which have adversely impacted operating profit.

PZ Cussons has entered into agreements to sell its Greek food subsidiary Minerva and its Polish personal care brand Luksja.  

Vodafone announce that they are to sponsor Porsche Formula E team when it enters the 2019/2020 championship

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

 

Upgrades/Downgrades:

Smiths Group Upgraded to Buy by Goldman Sachs (Bloomberg: 6 Buys / 8 Holds / 2 Sells; Average 12m price target 598.25p)

 

In Focus Today:

German CPI

U.S GDP

German Unemployment data

Eurozone business climate

 

Companies reporting day reactions:

Hays, Hunting, EVR Holdings

 

Companies reporting tomorrow:

Grafton Group

 

 

Today's ex-Dividends:

St James place - 2%

Autotrader - 0.9%

Hammerson - 5.1%

Plus 500 - 3.1%

Centamin - 2.4%

(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.


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