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Morning Report - 5 June 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Prudential PLC 1,153.0 5.7%
Antofagasta PLC 1,456.5 5.5%
Anglo American PLC 2,418.0 5.2%
Glencore PLC 433.9 4.1%
Weir Group PLC 1,782.5 3.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
BT Group PLC 143.7 -3.4%
Vodafone Group PLC 75.6 -0.7%
Sse PLC 1,868.0 -0.6%
Hiscox LTD 1,169.0 -0.4%
Compass Group PLC 2,207.0 -0.3%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,607 1.6% 1.0%
DOW JONES INDUS. AVG 33,763 2.1% 2.6%
DAX INDEX 16,051 1.3% 11.0%
NIKKEI 225 32,217 2.2% 15.7%
S&P/ASX 200 INDEX 7,216 1.0% -0.3%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 72.66 1.28%
Brent Crude (ICE) USD/bbl. 77.04 1.20%
Gold Spot USD/t oz. 1,943 -0.3%
Copper (Comex) USd/lb. 369 -0.9%
The UK 100 called to open +32 points at 7639.

4 hours; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +32 points at 7639. The UK 100 looks set to open the week on the front foot, this follows a strong showing for global markets on Friday and into Asia this morning.  Sentiment seems to have changed after the US debt celling agreement passed through the senate late last week, calming concerns of a US default, and news over the weekend that Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to bolster the sagging oil price.  US markets soared on Friday with the Dow Jones climbing over 700 points while the S&P and Nasdaq also advanced strongly, while Asian markets climbed on Monday. In Tokyo, the Nikkei 225 index was up 1.9%. In China, the Shanghai Composite was down 0.1%, while the Hang Seng index in Hong Kong was up 0.2%.

 

Company News & Broker Comments:

Company News:

AstraZeneca notes Andexxa Phase 4 trial stopped early due to positive efficacy data. They also state that Lynparza, Imfinzi combo shows efficacy in the treatment of ovarian cancer.

 

 

Diageo appoints Debra Crew as interim CEO ahead of becoming CEO on July 1st.

 

 

Hunting announces a 10-year strategic alliance with Zhejiang Hi-Tech metals.

 

 

Sirius Real Estate says trading was in line with expectations.

 

 

Broker Comments:

Deutsche Bank Upgrades Restaurant Group to Buy from Hold (11 Buys / 2 Holds / 0 Sells)

 

 

Deutsche Bank Upgrades Rio Tinto to Buy from Hold (5 Buys / 10 Holds / 2 Sells)

Reporting Today:

UK

 

Sirius Real Estate

 

US

 

None

Reporting Tomorrow:

UK

 

British American Tobacco

 

Chemring Group

 

Paragon Banking Group

 

Warehouse REIT

 

US

 

None

 

 

In Focus Today:

Chinese Caixin Services PMI

 

German Trade Balance s.a.

 

German HCOB Composite PMI

 

EU HCOB Composite PMI

 

UK S&P Global/CIPS Composite PMI

 

US S&P Global Composite PMI

 

US S&P Global Services PMI

 

US Factory Orders

 

US ISM Services Employment Index

 

US ISM Services New Orders Index

 

US ISM Services PMI

 

US ISM Services Prices Paid

 

US BRC Like-For-Like Retail Sales

 

Japanese Overall Household Spending

 

This Week's Ex-Dividends:

UK 100 companies going ex-dividend on 8th June 2023:

 

Vodafone Group

 

Sainsbury (J)

 

Johnson Matthey

 

WPP

 

Centrica

 

Compass Group

 

UK 250 companies going ex-dividend on 8th June 2023:

 

RHI Magnesita N.V.

 

FDM Group (Holdings)

 

Dr. Martens

 

Morgan Advanced Materials

 

C&C Group

 

Energean

 

Assura

 

IntegraFin Holdings

 

AJ Bell

 

Edinburgh Investment Trust

 

Worldwide Healthcare Trust

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