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Morning Report - 21 January 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
Pearson Plc 737.2 8.57%
Johnson Matthey Plc 2,916 6.54%
Burberry Group Plc 1,805 3.86%
Informa Plc 541.8 3.63%
Standard Life Aberdeen Plc 309.1 3.62%
Yesterday’s UK 100 Laggards Price (p) % Chg
GlaxoSmithKline Plc 1,379 -2.17%
Avast Plc 531 -1.67%
Standard Chartered Plc 469.2 -1.55%
Experian Plc 2,646 -1.23%
AstraZeneca Plc 7,645 -1.00%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,740 0.4% -11.9%
DOW JONES INDUS. AVG 31,154 0.7% 6.2%
DAX INDEX 13,921 0.8% 2.8%
NIKKEI 225 28,523 -0.4% 18.4%
S&P/ASX 200 INDEX 6,770 0.4% -4.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 53.38 0.75%
Brent Crude (ICE) USD/bbl. 56.33 0.77%
Gold Spot USD/t oz. 1,865 1.3%
Copper (Comex) USd/lb. 364 0.1%
UK 100 called to open +30 points this morning at 6770

1 Hour; 13 Days

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Markets Overview:

 

UK 100 called to open +30 points this morning at 6770.  Calls for a positive open come today on the back of the “Biden bounce” boosted global equities yesterday.  President Biden’s first day in post saw Wall Street climb, the Dow Jones rose by 257 points or 0.83% to close trading at 31,188. The S&P meanwhile also gained, adding 1.39% to close at 3,851, but these were both outperformed by the tech heavy Nasdaq which advanced by 1.97% to 13,457.  Republicans in the U.S. Congress on Wednesday signaled a willingness to work with President Joe Biden on additional money to combat the coronavirus pandemic, though several voiced opposition to his proposed program’s $1.9 trillion price tag.  In Asia on Thursday in was broadly a similar story, Japan’s Nikkei 225 index climbed 233 points or 0.82% to 28,756 as it revised up its economic forecast for next fiscal year, signalling that it has delivered sufficient stimulus for now to cushion the blow from the COVID-19 pandemic.   The Shanghai Composite gained just shy of 1% to 3,615, the only faller being in Hong Kong, which saw the Hang Seng dip by 0.55% to close at 29,796.  In focus today will be the European Central Bank meeting on rates and Covid-19 stimulus.

 

Company News:

AJ Bell report that their total customer numbers are up 6% to 312,309 in Q1. Their total net inflows in the quarter of £1.6bn, was double the level reported in Q1 2020. Total assets under administration increased 11% to £62.5bn.

 

Entain have appointed Jette Nygaard-Anderson as their new CEO, making her the first woman to lead a company in the UK gambling industry.

 

Countryside Properties report that their Q1 performance was in line with expectations, with total completions up 17% to 1,280 homes (Q1 2020: 1,097).

 

IG Group reports that their H1 pretax profit more than doubled, rising 129% to £231.3m. They also announced the acquisition of tastytrade, a US online brokerage and trading education platform for a total consideration of $1bn.

 

Pets at Home report that their Q3 revenue rose 18% to £302m and they maintained guidance on FY outlook.

 

Saga have said that its customers are required to get fully vaccinated against coronavirus before boarding the company’s cruises.

 

Sage Group reports that they performed in line with expectations during Q1, with revenues increasing +4% y-o-y.

 

 

Reporting Today:

 

AJ Bell Plc

Arrow Global Group plc

Close Brothers Group plc

Countryside Properties Plc

Sage Group plc

IG Group Holdings Plc

 

 

Reporting Tomorrow:

 

 

Computacenter plc

TheWorks.co.uk Plc

 

In Focus Today:

 

 

BoJ Interest Rate Decision

ECB Interest Rate Decision

ECB Monetary Policy Statement and Press Conference

EU leaders summit

US Housing Starts

US Initial Jobless Claims

Eurozone Consumer Confidence

 

 

Today’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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