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Morning Report - 19 January 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
Ocado Group 2,557 2.55%
Barclays 151.32 1.69%
NatWest Group 160.75 1.39%
Burberry Group 1,738.5 1.31%
JD Sports Fashion 839.8 1.21%
Yesterday’s UK 100 Laggards Price (p) % Chg
Ferguson 9,088.0 -1.92%
Hikma Pharmaceuticals 2,495 -1.77%
Pearson 666.6 -1.68%
M&G 193.2 -1.58%
Flutter Entertainment 14,790 -1.56%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,721 -0.2% -12.4%
DOW JONES INDUS. AVG 30,814 -0.6% 5.0%
DAX INDEX 13,848 0.4% 2.4%
NIKKEI 225 28,242 -1.0% 17.5%
S&P/ASX 200 INDEX 6,663 -0.8% -5.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 52.25 -0.21%
Brent Crude (ICE) USD/bbl. 54.91 -0.34%
Gold Spot USD/t oz. 1,838 0.5%
Copper (Comex) USd/lb. 362 0.4%
UK 100 called to open +30 points this morning at 6750.

1 Hour; 10 Days

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Markets Overview:

 

UK 100 called to open +30 points this morning at 6750.  US Markets were closed yesterday due to a public holiday for Martin Luther King day, and as is often the case, markets saw lower trading volumes on Monday.  Traders today will be looking towards incoming US Treasury Secretary Janet Yellen fleshing out Joe Biden’s bumper Covid stimulus plan to provide some positivity in market sentiment.  Evidence of this optimism was shown in Asia overnight, South Korea’s Kospi led gains among the Asian markets as it jumped 2.67% while Hong Kong’s Hang Seng index also saw robust gains, rising 2.16%.  In Japan, the Nikkei 225 rose 1.27%, it was only in mainland Chinese that had a red session today, the Shanghai composite dipping 0.74%.

 

Company News:

AO World reports quarterly UK revenue growth of 67.2% to £457.3m.  They have seen a significant increase in demand for their products and services since the start of the pandemic, which has continued throughout Q3.

 

Centamin reports quarterly revenue of $150m, generated from gold sales of 79,535 oz at an average realised gold price of $1,887/oz sold.

 

Experian reported better than expected performance in Q3 as they delivered organic revenue growth of 7%, but it guided to a 3-5% growth for Q4.

 

Premier Foods now expects their trading profit to be in the range of £145-150m after group sales for Q3 increased 9%.

 

Rio Tinto reported a 2.4% rise in Q4 iron ore shipments, helped by industrial activity in their top consumer market China.

 

Superdry reported a wider H1 loss and another big drop in sales in the Christmas quarter, hurt by COVID-19 lockdowns that have shuttered its stores. They reported a pretax loss of £10.6m (2020: £2.3m loss) and H1 revenue slumped 23.3%.

 

 

Reporting Today:

 

Boot (Henry) plc

Experian Plc

Kier Group plc

Premier Foods plc

Rio Tinto plc

Knights Group Hldgs

Time Finance

U and I Group plc

 

 

Reporting Tomorrow:

 

Antofagasta Holdings*

BHP Group Plc

Burberry Group plc

Cairn Energy plc

City of London Investment Group plc

CMC Markets Plc

Diploma plc

J D Wetherspoon plc**

WH Smith Plc

 

In Focus Today:

 

 

German Harmonized Index of Consumer Prices

Eurozone ECB Bank Lending Survey

BoE’s Haldane speech

EcoFin Meeting

Eurozone ZEW Survey – Economic Sentiment

 

 

This Week’s Ex Dividends:

 

UK 100:

 

None

 

UK 250:

 

None

 

 

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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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.


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