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 - 29 January 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
FRESNILLO PLC 982.8 6.4%
INTL CONSOLIDATED AIRLINE-DI 145.6 4.8%
GLENCORE PLC 248.7 4.6%
ANGLO AMERICAN PLC 2,446.0 3.9%
M&G PLC 184.1 3.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
PRUDENTIAL PLC 1236.0 -7.8%
PEARSON PLC 800.0 -7.8%
IMPERIAL BRANDS PLC 1519.0 -3.7%
OCADO GROUP PLC 2782.0 -3.5%
SAGE GROUP PLC/THE 600.2 -3.0%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,526 -0.6% -12.8%
DOW JONES INDUS. AVG 30,603 1.0% 6.5%
DAX INDEX 13,666 0.3% 2.4%
NIKKEI 225 27,663 -1.9% 18.3%
S&P/ASX 200 INDEX 6,607 -0.6% -6.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 52.24 -0.19%
Brent Crude (ICE) USD/bbl. 55.53 0.00%
Gold Spot USD/t oz. 1,850 0.4%
Copper (Comex) USd/lb. 354 -1.0%

 

UK 100 called to open -55 points this morning at 6470. 

1 day; 3 Years

Click graph to enlarge

Markets Overview:

 

UK 100 called to open -55 points this morning at 6470Calls for a negative open today come on the back of a positive session in the US yesterday, with European markets instead seemingly taking a lead from Asia.  Once again focus yesterday was back on the hot topic of global markets at the moment the reddit boys taking on the big hedge funds.  American airlines was the latest share to be pushed higher, which spiked 31% at one point during trading yesterday. The Dow Jones traded 300 points to close at 30,603, while the S&P 500 added 37 points to 3,787.  The tech-heavy Nasdaq was weighed down by some of its tech heavyweights, Apple and Tesla both retreated after Wednesday night trading updates, looked less sprightly in comparison, however still manged to eek out a gain of 66 points to close at 13,337.  It was a less positive session in Asia overnight, Japan’s Nikkei 225 dropped 1.89% while the Shanghai composite in China slipped 1.62%, and in Hong Kong, the Hang Seng index dipped 0.92%.

 

Company News & Broker Comments:

 

Company News:

Boohoo confirms they are in discussions with Arcadia's administrators over purchasing their assets including Dorothy Perkins, Wallis and Burton.

 

Card Factory says they remain in constructive discussions with banks and that further extensions are possible.

 

CVS Group expects to post H1 adjusted EBITDA of around £45.1m, with their total sales up 9.4% to £245.6m (2020: £244.5m).

 

Evraz reports Q4 total crude steel production of 3.5m tonnes v 3.2m tonnes produced in Q3.

 

Lookers swings to a loss in H1 of £50m (2020: £19.6m profit). They have also named Duncan McPhee as their COO.

 

Polymetal reports that their Q4 revenue was up 31% YoY to $846m (2020: $643m). Their 2020 gold production increased 6% to 1.4m ounces, silver production was down 16% to 4.4m ounces.

Broker Comments:

Barclays Upgrades Daily Mail to Equalweight from Underweight (2 Buys / 4 Holds / 1 Sell)

 

Berenberg Downgrades Ibstock to Hold from Buy (4 Buys / 7 Holds / 0 Sells)

 

Berenberg Downgrades Barratt Developments to Hold from Buy (11 Buys / 3 Holds / 0 Sells)

 

Berenberg Upgrades Howden Joinery to Buy from Hold (4 Buys / 6 Holds / 0 Sells)

 

Davy Upgrades CRH to Outperform from Neutral (5 Buys / 2 Holds / 0 Sells)

Reporting Today:

 

Evraz

Diageo

Paragon Banking Group

 

 

Reporting Monday:

 

Hargreaves Lansdown

 

 

In Focus Today:

 

 

German Gross Domestic Product

US Personal Income

 

Next Week's Ex Dividends:

 

UK 100:

 

None

 

UK 250:

 

Schroder Oriental Income Fund

GCP Infrastructure Investments

TI Fluid Systems

FDM Group (Holdings)

Foresight Solar Fund

Edinburgh Investment Trust

 

 

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.
.