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Morning Report - 4 March 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
LONDON STOCK EXCHANGE GROUP 6,984.0 9.6%
GLENCORE PLC 476.5 5.3%
ANGLO AMERICAN PLC 3,968.0 1.0%
ROYAL MAIL PLC 361.0 0.6%
SEVERN TRENT PLC 2,862.0 0.2%
Yesterday’s UK 100 Laggards Price (p) % Chg
POLYMETAL INTERNATIONAL PLC 177.6 -42.1%
ITV PLC 80.2 -27.5%
ADMIRAL GROUP PLC 2540.0 -14.1%
EVRAZ PLC 53.1 -11.5%
MELROSE INDUSTRIES PLC 129.9 -8.4%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,239 -2.6% 8.4%
DOW JONES INDUS. AVG 33,762 -0.4% 8.0%
DAX INDEX 13,698 -2.2% -2.7%
NIKKEI 225 26,577 0.7% -8.1%
S&P/ASX 200 INDEX 7,151 0.5% 5.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 108.63 -1.78%
Brent Crude (ICE) USD/bbl. 111.14 -1.59%
Gold Spot USD/t oz. 1,938 0.5%
Copper (Comex) USd/lb. 477 2.3%

 

The UK 100 is called to open -70 points today at 7163. 

1 day; 2 Years

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -70 points today at 7163.  The UK 100 looks set to continue falling sharply on Friday after reports that a large nuclear power station in Ukraine caught fire after a Russian attack.  On Wall Street yesterday, The Dow Jones Industrial Average closed down 96.69 points, or 0.29%, to close at 33,794.66 after being positive for much of the session. The S&P 500 slipped 0.53% to 4,363.49. The Nasdaq Composite dropped 1.56% to 13,537.94.  Traders today will have increased focus on US jobs data, could strong US non-farm payroll on Friday spell a bigger US interest rate hike? Or will the fed leave them at 0.25%?

 

 

Company News & Broker Comments:

 

Company News:

 
Hammerson reported a smaller annual loss, as the retail property sector slowly recovers after the COVID-19 pandemic led to shop closures and a collapse in rent in Britain's high streets and rest of Europe. They reported a loss for the year ended Dec 31st 2021 of £429.1m (2020: £1.73bn loss).

Hays has decided to close its offices in Moscow and St Petersburg and cease all its business and exit Russia.

 

Marks & Spencer has suspended shipments to its Turkish franchisee's Russian business following Russia's invasion of Ukraine.

Broker Comments

Barclays Downgrades ITV to Equal Weight from Overweight (5 Buys / 4 Holds / 0 Sells)
JP Morgan Downgrades Polymetal to Neutral from Overweight (8 Buys / 2 Holds / 0 Sells)
JP Morgan Upgrades Assura Group to Overweight from Neutral (4 Buys / 5 Holds / 0 Sells)

 

Reporting Today:

 

Hammerson

 

 

 

Reporting Tomorrow:

HgCapital Trust

 

 

 

In Focus Today:

 

German Trade Balance s.a.

 

EU Retail Sales

 

US Nonfarm Payrolls

 

US Unemployment Rate

 

 

 

 

Next Week's Ex-Dividends:

 

FTSE 100:

Evraz

 

Rio Tinto

 

Persimmon

 

HSBC Holdings

 

CRH

 

Land Securities Group

 

FTSE 250:

Micro Focus International

 

Apax Global Alpha

 

PZ Cussons

 

SDCL Energy Efficiency Income Trust

 

Assura

 

Law Debenture Corporation

 

Chemring Group

 

LondonMetric Property

 

Tritax Big Box REIT

 

Alliance Trust

 

JPMorgan Emerging Markets Invest Trust

 

Renishaw

 

BMO Commercial Property Trust

 

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