This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| LLOYDS BANKING GROUP PLC | 59.1 | 12.3% |
| BARRATT DEVELOPMENTS PLC | 654.4 | 11.5% |
| ROYAL BANK OF SCOTLAND GROUP | 218.3 | 11.5% |
| PERSIMMON PLC | 2,287.0 | 10.9% |
| TAYLOR WIMPEY PLC | 163.8 | 10.8% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| FRESNILLO PLC | 630.8 | -3.6% |
| BRITISH AMERICAN TOBACCO PLC | 2710.0 | -3.6% |
| WPP PLC | 931.0 | -3.4% |
| DIAGEO PLC | 3210.0 | -3.4% |
| UNILEVER PLC | 4647.0 | -2.8% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 7,247 | 0.8% | 3.6% |
| DOW JONES INDUS. AVG | 26,817 | 1.2% | 5.8% |
| DAX INDEX | 12,512 | 2.9% | 8.6% |
| NIKKEI 225 | 21,799 | 1.2% | -4.0% |
| S&P/ASX 200 INDEX | 6,643 | 0.5% | 12.7% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 54.25 | -0.82% |
| Brent Crude (ICE) | USD/bbl. | 59.96 | -0.91% |
| Gold Spot | USD/t oz. | 1,488 | -0.1% |
| Copper (Comex) | USd/lb. | 263 | 0.0% |
Click graph to enlarge
UK 100 called to open +3 points at 7250: on the back of Fridays global market rally we have seen a continuation of positive market sentiment. In focus today will be the resumption of Brexit talks, as both sides rush to reach a potential compromise. European negotiators have warned that Boris Johnson’s Brexit plan isn’t good enough to be the basis of a deal. The British PM told his Cabinet there’s a way forward for an agreement. In Asian trading news that the US had paused tariff hikes on China in phase one talks saw Asian equity markets catch a bid, the Nikkei rising in excess of 1% during market hours, with a similar story from the Hang Seng. It is a public holiday in the US today however the Dow Jones closed the week after with a 300 point rally on Friday! In corporate focus today will be the Brexit sensitive banks and house builders, we saw gains of 10%+ on Friday, will we see this momentum continue today? Crude oil prices remained strong over the weekend holding above $60.5 per barrel. The big loser from this risk on period of trading has been gold settling at $1487, fully $60 from recent highs.
In corporate news this morning:
Ashmore gave an update on their assets under management for Q3 2019 which were broadly flat increasing by +0.1% for the period.
BP New Delhi Chairman says break even oil price for BP is below $50 a barrel and he sees global oil prices in $60-65 a barrel territory.
Sophos Group are to be bought out by Thoma Bravo in $3.8bn deal, representing a premium of +37% on the stock’s closing price on Friday.
Superdry announces that Julian Dunkerton’s contract as CEO has been extended until April 2021.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
De La Rue Upgraded to a buy rating by Investec (Bloomberg: 1 buys/ 1 holds/ 0 sells)
Rolls Royce Upgraded to a Hold rating by Investec (Bloomberg: 13 buys/ 4 holds/ 3 sells)
Meggitt Downgraded to a Hold rating by Investec (Bloomberg: 8 buys/ 7 holds/ 4 sells)
Cobham Downgraded to a Hold rating by Investec (Bloomberg: 0 buys/ 11 holds/ 1 sells)
Smiths Group Upgraded to a Buy rating by Investec (Bloomberg: 6 buys/ 7 holds/ 2 sells)
Qinetiq Upgraded to a Buy rating by Investec (Bloomberg: 4 buys/ 4 holds/ 2 sells)
ASOS Downgraded to a Sell rating by Shore Capital (Bloomberg: 12 buys/ 9 holds/ 7 sells)
Ocado Downgraded to an Underweight rating by JP Morgan (Bloomberg: 6 buys/ 6 holds/ 6 sells)
HSBC Upgraded to a Buy rating by Grupo Santander (Bloomberg: 6 buys/ 12 holds/ 11 sells)
DRAX Upgraded to a Outperform rating by Macquarie (Bloomberg: 7 buys/ 7 holds/ 0 sells)
Chinese Trade Balance
US Bank Holiday
EU Industrial Production data
None
Hays, Marstons, Merlin, Rio Tinto, Schroders, Bellway
ASOS, BHP Group, Domino’s Pizza, Rentokil, Dechra, LSE, Unilever
(Full list available on Week in advance)
Smiths Group – 2.1%
BAE – 1.7%
Marshalls – 3.2%
(Full list available on Week in advance)
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.
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.