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Morning Report - 6 June 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
BAE SYSTEMS PLC 778.2 2.9%
ROLLS-ROYCE HOLDINGS PLC 88.7 2.4%
BUNZL PLC 2,811.0 1.6%
ANTOFAGASTA PLC 1,495.0 1.2%
BRITISH AMERICAN TOBACCO PLC 3,536.5 1.0%
Yesterday’s UK 100 Laggards Price (p) % Chg
FLUTTER ENTERTAINMENT PLC-DI 9282.0 -4.9%
NATIONAL GRID PLC 1121.0 -4.3%
ST JAMES’S PLACE PLC 1247.5 -3.6%
LONDON STOCK EXCHANGE GROUP 7144.0 -3.5%
WHITBREAD PLC 2629.0 -3.5%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,533 -1.0% 6.0%
DOW JONES INDUS. AVG 32,900 -1.1% -5.3%
DAX INDEX 14,460 -0.2% -7.9%
NIKKEI 225 27,762 1.3% -4.1%
S&P/ASX 200 INDEX 7,239 0.9% -0.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 118.87 1.71%
Brent Crude (ICE) USD/bbl. 119.72 1.79%
Gold Spot USD/t oz. 1,851 -0.9%
Copper (Comex) USd/lb. 447 -1.8%
 The UK 100 is called to open +68 points this morning at 7600.

1 day; 2 Years

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open +68 points this morning at 7600.  The UK 100 looks set to reopen after the bank holiday weekend in fine spirits, climbing once again to 7600.  Asian markets are setting the tone with recoveries in Hong Kong and Japan after the roller coaster in the US on Friday with the non-farm payroll numbers.  Asian shares were mostly higher on Monday as China’s Caixin Services Purchasing Managers’ Index came in at 41.4, an improvement over April’s reading of 36.2 but still less than 50 which separates growth from contraction.  The Shanghai Composite in China rose 0.92% and Hong Kong’s Hang Seng index surged 1.32%.  Japan's Nikkei 225 was trading 0.59% higher while South Korea’s Kospi gained 0.44%.

 

 

Company News & Broker Comments:

 

Company News:

AstraZeneca this morning said results showed its Enhertu treatment reduced the risk of disease progression or death by 50% vs. chemotherapy in patients with HER2-low metastatic breast cancer with HR-positive and HR-negative disease

 

 

GSK announces US FDA approval of Priorix for the prevention of measles, mumps and rubella in individuals 12 months of age and older

 

 

Melrose Industries PLC has entered into an agreement to sell its Ergotron business, to funds managed by The Sterling Group for total consideration of approximately $650 million (c.£520 million), payable in cash on completion.

 

 

Wizz Air this morning announced they had carried 4,117,271 passengers, representing a 390% increase compared to May 2021, at a load factor of 84.2%.  Wizz Air also announced its potential expansion in Kingdom of Saudi Arabia. It signed a memorandum of understanding with the Ministry of Investment of the Kingdom of Saudi Arabia. The purpose of the cooperation is to explore country's airline market development opportunities.

Broker Comments:

 No New Broker Comments

 

Reporting Today:

None

 

 

Reporting Tomorrow:

 

LXI REIT plc

 

In Focus Today:

 

Chinese Caixin Services PMI

 

 

This Week's Ex-Dividends:

 

FTSE 100:

Sainsbury (J)

 

WPP

 

Associated British Foods

 

Compass Group

 

FTSE 250:

Ferrexpo

 

Johnson Matthey

 

Computacenter

 

Marshalls

 

Assura

 

IntegraFin Holdings

 

LondonMetric Property

 

AJ Bell

 

Capital Gearing Trust

 

Temple Bar Investment Trust

 

Shaftesbury

 

Worldwide Healthcare Trust

 

Capital & Counties Properties

 

BMO Commercial Property 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.


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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.


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