Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 18 June 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
BT GROUP PLC 205.3 2.6%
INTL CONSOLIDATED AIRLINE-DI 201.1 2.3%
WHITBREAD PLC 3,356.0 2.0%
ROLLS-ROYCE HOLDINGS PLC 112.2 2.0%
PERSHING SQUARE HOLDINGS LTD 2,570.0 1.8%
Yesterday’s UK 100 Laggards Price (p) % Chg
HALMA PLC 2724.0 -4.5%
GLENCORE PLC 306.0 -3.5%
RENISHAW PLC 5360.0 -3.4%
POLYMETAL INTERNATIONAL PLC 1597.0 -3.3%
FRESNILLO PLC 805.8 -3.3%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,157 -0.4% 14.2%
DOW JONES INDUS. AVG 33,845 -0.6% 29.6%
DAX INDEX 15,722 0.1% 26.9%
NIKKEI 225 29,018 -0.9% 29.8%
S&P/ASX 200 INDEX 7,359 -0.4% 22.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 71.18 -1.34%
Brent Crude (ICE) USD/bbl. 73.27 -1.51%
Gold Spot USD/t oz. 1,771 -2.2%
Copper (Comex) USd/lb. 425 -3.3%
UK 100 is called to open +1 points this morning at 7154.

1 Day; 6 Months

Click graph to enlarge

Markets Overview:

 

UK 100 is called to open +1 points this morning at 7154.  The UK blue chip index was called marginally higher this morning despite today’s UK retail sales data, which showed slowing supermarket sales. The figures ended a week of fairly strong UK economic data, ahead of next week’s Bank of England interest rate decision.  Trading in the US yesterday saw the Dow Jones finish lower again for the fourth day in a row, by 210 points, or 0.6%, to 33,823, while the S&P fell 0.04% to 4,222, the Nasdaq however rose 0.9% to 14,161. and on course for a fifth consecutive weekly rise. In Asia the Bank of Japan left monetary policy unchanged while extending its special lending program for companies affected by the pandemic to March 2022.  In China The Shanghai Composite declined 0.4%, while in Hong Kong the Hang Seng is up by 0.6%.

 

Company News & Broker Comments:

 

Company News:

Carnival says eight Medallion Class voyages are planned after US CDC green light.

 

Inchcape says “encouraging trends observed across the business have continued” from Q1.

 

Telecom Plus FY results were in line with expectations but they expect next year’s adjusted pretax profit to increase by around £60m.

 

Tesco reported a sharp slowdown in underlying UK sales in Q1, reflecting a tough comparison with the same quarter last year when the country was in the grip of its first COVID-19 lockdown. Like-for-like sales rose 0.5%, ahead of analysts’ average forecast of a fall of 1% but down from growth of 8.8% in the previous quarter. They maintained their profit guidance for the full 2021-22 year.

 

Broker Comments:

HSBC Upgrades EasyJet to Buy from Hold (8 Buys / 8 Holds / 2 Sells)

HSBC Upgrades Ryanair to Buy from Hold (2 Buys / 0 Holds / 0 Sells)

 

HSBC Upgrades Wizz Air to Hold from Reduce (7 Buys / 4 Holds / 5 Sells)

 

JP Morgan Upgrades Diageo to Neutral from Underweight (10 Buys / 6 Holds / 1 Sell)

 

JP Morgan Upgrades HSBC to Neutral from Underweight (5 Buys / 11 Holds / 3 Sells)

 

 

Reporting Today:

 

Tesco

 

Reporting Tomorrow:

 

None

 

In Focus Today:

 

BoJ Interest Rate Decision

UK Retail Sales

German Producer Price Index

EcoFin Meeting

Today’s Ex Dividends:

 

UK 100:

 

JD Sports Fashion

Vodafone Group

Experian

British Land Company

United Utilities Group

 

UK 250:

 

Tate & Lyle

Airtel Africa

Edinburgh Investment Trust

JPMorgan European Smaller Cos Tst

LXI REIT

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.


Back to Top

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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.
.