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 - 5 August 2019

Yesterday’s UK 100 Leaders Price (p) % Chg
INTL CONSOLIDATED AIRLINE-DI 448.2 8.4%
FRESNILLO PLC 611.0 0.9%
FLUTTER ENTERTAINMENT PLC 6,546.0 0.7%
ASTRAZENECA PLC 7,240.0 0.6%
LAND SECURITIES GROUP PLC 795.2 0.5%
Yesterday’s UK 100 Laggards Price (p) % Chg
ROYAL BANK OF SCOTLAND GROUP 202.9 -6.5%
ANTOFAGASTA PLC 846.0 -6.3%
MELROSE INDUSTRIES PLC 179.3 -6.2%
PRUDENTIAL PLC 1600.5 -6.1%
JOHNSON MATTHEY PLC 3033.0 -5.5%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,407 -2.3% -3.3%
DOW JONES INDUS. AVG 26,485 -0.4% 4.0%
DAX INDEX 11,872 -3.1% -5.9%
NIKKEI 225 20,696 -1.9% -8.1%
S&P/ASX 200 INDEX 6,640 -1.9% 7.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 55.04 -1.11%
Brent Crude (ICE) USD/bbl. 61.10 -1.28%
Gold Spot USD/t oz. 1,458 1.2%
Copper (Comex) USd/lb. 255 -0.9%
UK 100 called to open down 73 points at 7330

UK 100 : 1 hour, 3 months

Click graph to enlarge

Markets Overview:

UK 100 called to open down 70pts at 7339; A continuation of last weeks late sell off the UK Index has fallen further during out of hours trading, this follows the U.S. down with the Dow now 1000 points away from all time highs struck earlier this year! Asian Markets also suffered hitting fresh 6 month lows overnight. Geopolitical tensions rose as Iran seized an Iraqi oil tanker smuggling fuel in the Gulf, Oil slipped from Fridays bounce to pull back the $61, as Gold bounced to settle at $1460.

 

In corporate news this morning:

AstraZeneca has approved an update to the marketing authorisation for Forxiga (dapagliflozin) to include positive cardiovascular outcomes and renal data from the Phase III DECLARE-TIMI 58 trial in adults with type-2 diabetes. 

BBA reported “"The first half of 2019 has been broadly in line with our expectations for BBA Aviation” Revenue +19%; EBITDA +4%; Operating profit +5%; Pre tax profit -2%; Adj EPS -3%.

HSBC CEO John Flint will step-down after 18 months in the role, and that the search for a new CEO could take up to a year. They also announced 1H 2019 profits +16% and a share buyback of $1bn. 

Ocado announces completion of arrangements with Marks & Spencer group over 50/50 Joint venture.  

 

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

 

Upgrades/Downgrades:

Cobham Downgraded to Equalweight by Barclays (Bloomberg: 2 Buys / 9 Holds / 1 Sell)

IAG Upgraded to Hold by HSBC (Bloomberg: 20 Buy / 7 Holds / 1 Sells)

Weir Group Upgraded to buy by Morningstar (Bloomberg: 16 Buys / 5 Holds / 0 Sell)

 

In focus today:

Market reaction to Chinese services PMI (ahead of expectation overnight)

EU Services PMI (9.00)

US ISM non manufacturing data (15.00)

 

Company reporting day reaction:

HSBC

Companies reporting tomorrow:

Rolls Royce, IWG, ICAP, Meggitt, Dominos Pizza

 

Companies reporting this week (Full list available on Week in advance)

Glencore, Standard Life Aberdeen Asset Management, Legal & General, Hargreaves Lansdown, Bellway, Cineworld, Aviva, William Hill, WPP

In focus today:

Rolls Royce, IWG, ICAP, Meggitt, Dominos Pizza

This Week's ex-dividend payers

BT: 5.8%

Informa: .86%

GSK: 1.12%

AstraZeneca: 1.02%

Unilever: 0.74%

Diageo: 1.23%

Hiscox: 0.66%

BP: 1.54%

Fresnillo: 0.35%

Lloyds: 2.10%

Rentokil: 0.35%

Direct Line Group: 2.23%

Barclays: 1.92%

Standard Chartered: 0.82%

Rio Tinto: 3.81%

Ashtead: 1.47%

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.
.