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Morning Report - 29 September 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
SMITHS GROUP PLC 1,411.5 3.5%
ROYAL DUTCH SHELL PLC-A SHS 1,641.8 2.8%
GLENCORE PLC 344.3 2.3%
ROYAL DUTCH SHELL PLC-B SHS 1,631.0 2.3%
BP PLC 336.6 1.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
AVEVA GROUP PLC 3647.0 -5.7%
SAGE GROUP PLC/THE 707.8 -4.5%
TAYLOR WIMPEY PLC 158.7 -4.1%
INTERMEDIATE CAPITAL GROUP 2026.0 -4.1%
OCADO GROUP PLC 1682.5 -3.5%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,028 -0.5% 19.2%
DOW JONES INDUS. AVG 34,300 -1.6% 24.4%
DAX INDEX 15,249 -2.1% 18.5%
NIKKEI 225 29,544 -2.1% 25.3%
S&P/ASX 200 INDEX 7,197 -1.1% 20.9%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 73.93 -1.81%
Brent Crude (ICE) USD/bbl. 77.73 -1.72%
Gold Spot USD/t oz. 1,738 0.2%
Copper (Comex) USd/lb. 423 -0.4%

 

The UK 100 is called to open +8 points today at 7036.

1 day; 9 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +8 points today at 7036.  A modestly higher open is expected this morning for the UK's Blue chip index, this follows a somewhat brutal trading day Stateside on Tuesday as investors were reported to bet the Fed would carry through on its promise to curb its emergency bond-buying stimulus as inflation jumps. The 10-year yield, which traded as low as 1.13% as recently as August, has reversed dramatically to the highest levels since June after the Fed signaled last week it would taper its $120 billion in monthly bond purchases "soon." The Nasdaq Composite dropped 2.83% to 14,546.68 for its worst day since March and the S&P 500 shed 2.04% to finish at 4,352.63. The Dow Jones lost 569.38 points, or 1.63%, to close at 34,299.99. Stocks in Asia were also lower this morning, China’s Shanghai Composite slipped 1.55% while Hong Kong’s Hang Seng index dropped by 0.20%. In Japan, the Nikkei 225 fell the most significantly, giving up 2.67%, while South Korea’s Kospi declined 1.74%.

 

 

Company News & Broker Comments:

 

Company News:

SSE Plc SSE renewables enters Japanese offshore wind market. Deal will be for $208m.
AstraZeneca to fully buy Caelum Biosciences.
SSP said sales in latest week were about half pre-pandemic levels, with food outlets at airports and train stations lagging. Co. said it may take until 2024 to achieve pre-covid levels.

 

Broker Comments

 

 

Reporting Today:

 

SSE

SSP Group

 

Reporting Tomorrow:

 

Renishaw

 

 

In Focus Today:

EU Consumer Confidence

EU Business Climate

US Pending Home Sales

Japanese Industrial Production

 

This Week's Ex-Dividends:

 

FTSE 100:

 

Barratt Developments

British American Tobacco

Smith & Nephew

Rightmove

 

FTSE 250:

 

Hays

TP ICAP Group

Travis Perkins

LXI REIT

Kainos Group

Travis Perkins

RIT Capital Partners

JTC

Games Workshop Group

 

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