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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| BARRATT DEVELOPMENTS PLC | 614.4 | 5.2% |
| RECKITT BENCKISER GROUP PLC | 6,590.0 | 2.5% |
| DS SMITH PLC | 355.5 | 2.0% |
| TESCO PLC | 241.3 | 1.8% |
| MELROSE INDUSTRIES PLC | 180.2 | 1.6% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| OCADO GROUP PLC | 1140.0 | -6.2% |
| JUST EAT PLC | 626.8 | -2.3% |
| EVRAZ PLC | 612.0 | -2.1% |
| GLENCORE PLC | 265.0 | -1.9% |
| HALMA PLC | 1981.5 | -1.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,510 | -0.3% | -1.9% |
| DOW JONES INDUS. AVG | 27,088 | 0.9% | 8.7% |
| DAX INDEX | 12,332 | -0.3% | -0.7% |
| NIKKEI 225 | 21,686 | 0.2% | -2.3% |
| S&P/ASX 200 INDEX | 6,697 | -0.3% | 6.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 60.62 | 0.70% |
| Brent Crude (ICE) | USD/bbl. | 67.03 | 0.77% |
| Gold Spot | USD/t oz. | 1,407 | 0.2% |
| Copper (Comex) | USd/lb. | 270 | 0.4% |
UK 100 called to open +30pts at 7540; calls for a positive open come on the back of fresh record highs during U.S. trading sessions, the S&P closed above 3000 while the Dow Jones broke through and closed above 27000 for the first time ever! This positive market sentiment continued through Asian bourses overnight. Crude oil has pulled back from its highs of yesterday for $68 per barrel, however has still maintained a level of $67.5. Gold also has pulled back from yesterday’s highs, but similar to Crude oil, has held about a key level ($1400 in the case of gold) to sit at $1407.
AstraZeneca has announced that the FDA has granted Orphan Drug Designation to Infinzi for the treatment of small cell lung cancer.
Thomas Cook is seeking a £750m capital injection from Fosun and bank creditors under a deal which would give the Chinese conglomerate majority ownership of its core tour operator business.
WPP has proposed a sale of 60% of its subsidiary Kantar which is expected to raise £2.5bn after tax
Ashmore Group reports assets under management increased by $6.5bn Q2 2019, with positive investment performance of $3.2bn. Client activity levels remain healthy.
Sophos revenue increased 3% YOY, strong subscription revenue growth of 10% with billings increased by 5% in the period. Operating profit increased by 10%.
Anglo American upgraded to hold from sell to Morningstar.
IAG (British Airways Owner) upgraded to hold from reduce by Kepler Cheuvrex
Easyjet upgraded from hold to buy by Berenberg
Chinese trade balance (8.00am)
Eurozone industrial production data (10.00am)
U.S. Producer price index data (1.30pm)
Baker Hughes Oil rig count (6.00pm)
Risk on or risk off for the weekend? Monday morning Chinese GDP (3.00am)
Company results out today! – Ashmore & DCC
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Prepared by Michael van Dulken, Head of Research