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Morning Report - 8 June 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
MELROSE INDUSTRIES PLC 142.1 3.1%
RIO TINTO PLC 6,091.0 2.3%
ASTRAZENECA PLC 10,230.0 1.6%
GSK PLC 1,719.6 1.5%
BP PLC 446.5 1.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
JD SPORTS FASHION PLC 118.5 -3.9%
INTERMEDIATE CAPITAL GROUP 1542.5 -3.5%
RIGHTMOVE PLC 573.6 -3.4%
KINGFISHER PLC 257.8 -3.4%
OCADO GROUP PLC 920.8 -3.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,599 -0.1% 7.4%
DOW JONES INDUS. AVG 33,161 0.7% -4.4%
DAX INDEX 14,557 -0.7% -7.2%
NIKKEI 225 27,944 0.1% -3.5%
S&P/ASX 200 INDEX 7,096 -1.5% -2.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 120.18 1.42%
Brent Crude (ICE) USD/bbl. 121.17 1.39%
Gold Spot USD/t oz. 1,854 0.7%
Copper (Comex) USd/lb. 446 0.5%
The UK 100 is called to open +23 points this morning at 7623. 

4 Hours; 3 Months

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Markets Overview:

 

The UK 100 is called to open +23 points this morning at 7623.  The UK 100 is seen on the front foot ahead of Wednesday’s open, following on from more positive trading last night in the having started the session in negative territory.  The Dow Jones added 264 points or 0.8% in Tuesday’s trade, to close at 33,180, whilst the S&P advanced 0.95% to finish Tuesday at 4,160. Similarly, the Nasdaq gained 113 points or 0.94% to 12,175.  The Small Cap index also finished the session in positive territory with the Russell 2000 index up 1.57% to 1,919.  In Asia this morning, Japan’s Nikkei added 247 points or 0.89% to trade at 28,192.  Hong Kong’s Hang Seng was up 1.6% to 21,877 though the Shanghai Composite dipped 0.26% to 3,233.

 

 

Company News & Broker Comments:

 

Company News:

AstraZeneca says their drug Evusheld provides significant protection against severe COVID-19.

 

 

Aveva Group sinks to a FY22 pretax loss of £18.6m vs a £34.2m profit YoY.

 

 

Wizz Air reported a wider annual loss on soaring fuel costs and said it was deploying extra resources to minimize disruptions from staff shortages and supply-chain snags. They reported a loss of 642.5m euros for the year ended March 31st, compared with a loss of 576m euros a year earlier. It had forecast losses of between 632-652m euros.

Broker Comments:

 No New Broker Comments

 

Reporting Today:

AVEVA Group plc

 

Wizz Air Holdings plc

 

Workspace Group Plc

 

 

Reporting Tomorrow:

 

Mitie Group

 

Peel Hunt Ltd

 

Tate & Lyle plc

 

British American Tobacco

 

In Focus Today:

 

Japanese Current Account n.s.a.

 

Japanese Gross Domestic Product

 

EU Gross Domestic Product s.a.

 

German 10-y Bond Auction

 

 

Tomorrow'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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