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Morning Report - 15 August 2019

Yesterday’s UK 100 Leaders Price (p) % Chg
ADMIRAL GROUP PLC 2,115.0 4.1%
DIRECT LINE INSURANCE GROUP 296.2 1.2%
UNILEVER PLC 4,967.0 1.2%
UNITED UTILITIES GROUP PLC 774.2 1.2%
SEVERN TRENT PLC 1,978.0 0.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
MELROSE INDUSTRIES PLC 163.0 -5.8%
EVRAZ PLC 527.4 -5.2%
NMC HEALTH PLC 1801.5 -4.9%
ASHTEAD GROUP PLC 2071.0 -4.6%
TUI AG-DI 775.0 -4.3%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,148 -1.4% -4.7%
DOW JONES INDUS. AVG 25,479 -3.1% 1.3%
DAX INDEX 11,493 -2.2% -5.5%
NIKKEI 225 20,382 -1.3% -8.2%
S&P/ASX 200 INDEX 6,408 -2.9% 1.3%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 55.15 -0.14%
Brent Crude (ICE) USD/bbl. 59.29 -0.32%
Gold Spot USD/t oz. 1,517 0.1%
Copper (Comex) USd/lb. 260 0.3%
UK 100 called to open +20 points at 7118

UK 100 : 1 hour, 10 days

Click graph to enlarge

Markets Overview:

UK 100 called to open +20 points at 7118; A continuation of yesterday’s selling continued after the close of European markets, seeing the UK Index as low as 7064, however, the UK Index has bounced back 50 points pre trading session, having seen a slight recovery later in the trading session in Asia over tentative hopes of steps forward in U.S – China trade discussions, Donald Trump saying a “humane” resolution to the current situation in Hong Kong is directly tied to the deal. Oil pulled back slightly from yesterday’s $60 handle to settle just above $59 a barrel, as gold struck fresh six year highs yesterday after U.S yield curve sparked fears of a recession and risk off took over, settling at $1520. 

 

In corporate news this morning:

GVC holdings announced H1 2019 profit after tax of £2.1m (2018: £113.8m). Dividend per share 17.6p (2018: 16p). Full year operating profit now expected to be £10m ahead of expectations due to strong operational performance. The Board now expects the Group to deliver full year 2019 EBITDA within a £650m-£670m range.

 Kaz Minerals announced profits for H1 2019 -10.1% due to weak commodity prices. This is due to 

prolonged China-U.S. trade war and a slowdown in China, after posting a lower first-half profit.

 

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

 

Upgrades/Downgrades:

ASOS Downgraded to Underperform by Jefferies (Bloomberg: 12 Buys / 11 Holds / 5 Sells)

Glencore Downgraded to Underweight by JP Morgan (Bloomberg: 15 Buys/ 11 Holds/ 2 Sells)

Hunting Downgraded to Neutral by JP Morgan (Bloomberg: 9 Buys/ 5 Holds/ 1 Sells)

 

In focus today:

U.K retail sales data (9.30am)

U.S retail sales data (1.30pm)

Philadelphia Fed manufacturing data (1.30pm) 

U.S industrial production data (2.15pm)

 

Company reporting day reaction:

Kaz Minerals, GVC holdings, Marshalls

 

 

(Full list available on Week in advance)

 

Today’s Ex-Dividend payers:

Royal Bank of Scotland – 6.85%

Evraz – 4.73%

Phoenix – 3.47%

Anglo American – 2.85%

 

 

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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