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Morning Report - 7 August 2019

Yesterday’s FTSE100 Leaders Price (p) % Chg
FERGUSON PLC 5,924.0 1.3%
Yesterday’s FTSE100 Laggards Price (p) % Chg
NMC HEALTH PLC 2258.0 -6.0%
CENTRICA PLC 69.3 -2.7%
MONDI PLC 1553.5 -2.5%
Major World Indices Price % Chg 1 YEAR
FTSE 100 INDEX 7,172 -0.7% -7.1%
DOW JONES INDUS. AVG 26,030 1.2% 1.6%
DAX INDEX 11,568 -0.8% -8.5%
NIKKEI 225 20,516 -0.3% -9.9%
S&P/ASX 200 INDEX 6,520 0.6% 4.3%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 53.62 -0.02%
Brent Crude (ICE) USD/bbl. 58.91 -0.05%
Gold Spot USD/t oz. 1,487 0.8%
Copper (Comex) USd/lb. 255 -0.3%
FTSE 100 called to open positive by 10 points at 7180

FTSE 100: 4 hours, 23 days

Click graph to enlarge

Markets Overview:

FTSE 100 called to open +10 points at 7180; The blue chip index starting to show signs of stabilisation having bounced from yesterday morning’s out of hours bottom of 7048, Overnight Asian sessions were weak once more with renewed fears of a bigger than first anticipated fall out from Trade Wars with the U.S loomed heavily, seeing the Yuan slip again. Trading stateside yesterday was far more buoyant, the Dow Jones recovering 300 of the points it lost in the previous trading session, could this be the beginning of another “Trump dump rally?” Oil slipped from Yesterday’s $61 high to fall to $59 a barrel as gold continued to rally to $1482 (recent highs).


In corporate news this morning:

AstraZeneca announces prostate cancer drug Lynparza Phase III met primary endpoint in trials. 

Glencore  reported -32% profit for 1H 2019 and said it was planning to put its Mutanda mine in the Democratic Republic of Congo into temporary care and maintenance by year end. EBITDA were $5.58 billion (2018: $8.18 bn) hit by a fall in cobalt prices and lower copper production.

Legal & General reports +11% 1H 2019 profit driven by a increase in bulk annuity deals and positive flows at its asset management unit. Assets under management +15%.

Standard Life Aberdeen reports +5% in 1H 2019 assets to £557.5bn. Positive market moves added 41.2 billion pounds, against net outflows of 15.9 billion pounds.

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



Rio Tinto Upgraded to Hold by Morningstar (Bloomberg: 8 Buys / 14 Holds / 8 Sell)

Croda Upgraded to Hold by Morningstar (Bloomberg: 5 Buy / 12 Holds / 2 Sells)

Bunzl Upgraded to Buy by Morningstar (Bloomberg: 7 Buys / 4 Holds / 5 Sells)

IHG Upgraded to Hold by Morningstar (Bloomberg: 5 Buys/ 6 Holds/ 1 Sells)


In focus today:

German Industrial Production data (7.00am)

ECB Coeuré speech (08.30am)


Company reporting day reaction:

Glencore, Standard Life Aberdeen Asset Management, Flutter, Acacia Mining, Legal & General

Companies reporting tomorrow:

Evraz, Hargreaves Lansdown, Bellway, Cineworld, Funding Circle, Aviva


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

William Hill, WPP, Hikma, G4S

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.

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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.

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.

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

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