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Morning Report - 17 September 2021

Yesterday’s UK 100 Leaders	Price (p)	% Chg
ASHTEAD GROUP PLC	6,162.0	5.3%
INTL CONSOLIDATED AIRLINE-DI	142.5	3.9%
FLUTTER ENTERTAINMENT PLC-DI	15,025.0	3.8%
ROLLS-ROYCE HOLDINGS PLC	109.1	3.4%
INTERMEDIATE CAPITAL GROUP	2,238.0	3.0%

Yesterday’s UK 100 Laggards	Price (p)	% Chg
ANGLO AMERICAN PLC	2818.5	-4.6%
RIO TINTO PLC	5010.0	-4.0%
FRESNILLO PLC	816.4	-3.7%
BHP GROUP PLC	1968.2	-3.4%
ANTOFAGASTA PLC	1433.5	-2.2%

Major World Indices	Price	% Chg	1 YEAR
UK 100 INDEX	7,027	0.2%	15.6%
DOW JONES INDUS. AVG	34,751	-0.2%	24.0%
DAX INDEX	15,652	0.2%	18.1%
NIKKEI 225	30,323	-0.6%	30.0%
S&P/ASX 200 INDEX	7,460	0.6%	26.8%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	72.58	-0.04%
Brent Crude (ICE)	USD/bbl.	75.62	0.21%
Gold Spot	USD/t oz.	1,754	0.0%
Copper (Comex)	USd/lb.	428	-2.9%

The UK 100 is called to open +42 today at 7069.

1 day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +42 today at 7069. A positive start is expected for the UK, this follows a mostly stronger session in Asia this morning, China’s Shanghai Composite slipped 0.19% while Hong Kong’s Hang Seng index gained 0.29%, in Japan, the Nikkei 225 rose 0.60%. Stateside yesterday saw the Dow Jones closing 63.07 points, or 0.2% lower, at 34,751.32 after falling as much as 274 points earlier in the trading session. The S&P 500 dipped nearly 0.2% to 4,473.75. The Nasdaq Composite bucked the trend and added 0.1% to close at 15,181.92.

Company News & Broker Comments:

Company News:

Hurricane Energy says their Lancaster field produces 11,467 bopd in August as their net free cash increased to $144m ($122m in July).

Ryanair is planning an aggressive expansion in Ukraine if the country joins the European Union’s Open Skies deregulated aviation market in the coming months.

Broker Comments

Barclays Upgrades HSBC to Overweight from Underweight (7 Buys / 10 Holds / 3 Sells)

Barclays Upgrades Standard Chartered to Equal weight from Underweight (11 Buys / 5 Holds / 1 Sell)

Morgan Stanley Downgrades Anglo American to Equal weight from Overweight (9 Buys / 5 Holds / 1 Sell)

Morgan Stanley Upgrades Evraz to Overweight from Equal weight (4 Buys / 4 Holds / 1 Sell)

Morgan Stanley Upgrades Glencore to Overweight from Equal weight (10 Buys / 5 Holds / 0 Sells)

RBC Upgrades HSBC to Outperform from Sector perform (7 Buys / 10 Holds / 3 Sells)

UBS Downgrades Anglo American to Sell from Neutral (9 Buys / 5 Holds / 1 Sell)

Reporting Today:

None

Reporting Monday:

None

In Focus Today:

Michigan Consumer Sentiment Index

UK Retail Sales

EU Consumer Price Index

Next Week’s Ex-Dividends:

FTSE 100:

Hargreaves Lansdown

Smurfit Kappa Group

FTSE 250:

IG Group Holdings

Redrow

Crest Nicholson Holdings

Wickes Group

Fidelity European Trust

Essentra

Computacenter

Mercantile Investment 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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