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Morning Report - 21 January 2020

Yesterday’s FTSE100 Leaders Price (p) % Chg
BAE SYSTEMS PLC 647.6 3.7%
PERSIMMON PLC 2,948.0 2.0%
Yesterday’s FTSE100 Laggards Price (p) % Chg
BAE SYSTEMS PLC 647.6 3.7%
PERSIMMON PLC 2948.0 2.0%
Major World Indices Price % Chg 1 Year
FTSE 100 INDEX 7,651 -0.3% 9.8%
DOW JONES INDUS. AVG 29,348 0.2% 18.8%
DAX INDEX 13,549 0.2% 21.7%
NIKKEI 225 23,865 -0.9% 15.2%
S&P/ASX 200 INDEX 7,066 -0.2% 20.2%


Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 58.09 -0.77%
Brent Crude (ICE) USD/bbl. 64.60 -0.92%
Gold Spot USD/t oz. 1,563 0.1%
Copper (Comex) USd/lb. 281 -1.4%


FTSE called to open -40 points at 7611

FTSE 100: 1 hours, 3 Months

Click graph to enlarge

Markets Overview:


FTSE 100 called to open -40 points at 7611; Stocks and U.S. futures dropped in Asian trading Tuesday, with Hong Kong equities falling more than 2%. The yen and U.S. Treasuries advanced as a broad risk-off move developed, with gold edging higher. China’s yuan weakened by the most in three months. Market participants attributed the moves to worries over China’s coronavirus. The Nikkei fell 218 points to settle at 23,864, while the Hang Seng closed at 27,994 (-801 points). US markets were closed yesterday due to bank holiday for Martin Luther King day.  Crude oil also saw a slight pullback to trade at $65 at time of writing, while as previously mentioned gold was the biggest gainer, trading at $1564.

In corporate news this morning:


BHP Group maintained its forecasts for FY iron ore and thermal coal output, despite production of the latter being hit by the Australian bushfires. 


BP announce that their CFO Brian Gilvary is to retire on 30th June 2020 and be succeeded by Murray Auchincloss.


Dixons Carphone maintains guidance after flat Christmas, with sales growth in electricals offset by falling mobile phone sales. Like-for-like sales +2% while sales in UK & Ireland mobile business on the same basis fell 9%. The group said it was on track to meet its targets, with no change to the financial guidance.


EasyJet state that their H1 performance would improve from last year as robust demand for flights helped it upgrade its forecast for revenue per seat, to increase by mid to high single digits, ahead of market consensus. H1 pretax loss will narrow from last year, on strong demand for travel during its quieter winter period.


IG Group announces that Paul Mainwaring group CFO will retire later this year. 


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


Reporting Today:


IG Group


Dixon’s Carphone

BHP Group


Reporting Tomorrow:


Close Brothers


Sage Group




In Focus Today:


Bank of Japan Interest rate


UK ILO Unemployment


German ZEW Survey


This Week’s Ex Dividends:


FTSE 100:




FTSE 250:


Stagecoach Group


Pennon Group


City of London Investment Trust


Games Workshop Group


Bankers 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.




BAE Downgraded to Sell by Morningstar (Bloomberg: 13 Buys/ 7 Holds/ 1 Sells)


Fevertree downgraded to Neutral by JP Morgan (Bloomberg: 6 Buys/ 4 Holds/ 1 Sells)


Glencore upgraded to buy by Goldman Sachs (Bloomberg: 17 Buys/ 5 Holds/ 1 Sells)


Mondi downgraded to neutral by JP Morgan (Bloomberg: 10 Buys/ 4 Holds/ 1 Sells)


SIG downgraded to sell by Numis Securities (Bloomberg: 1 Buys/ 9 Holds/ 2 Sells)


Spire Downgraded to underperform by Jefferies (Bloomberg: 4 Buys/ 3 Holds/ 2 Sells)



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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.

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.

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.5% 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.

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I have found Accendo staff very helpful,,and informed. I have traded with you for some years now and have no regrets. Keep up the good work!

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