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Morning Report - 29 November 2021

Yesterday’s UK 100 Leaders	Price (p)	% Chg
OCADO GROUP PLC	1,829.0	4.6%
B&M EUROPEAN VALUE RETAIL SA	628.0	1.4%
CRODA INTERNATIONAL PLC	9,902.0	1.0%
UNITED UTILITIES GROUP PLC	1,095.5	0.8%
BUNZL PLC	2,835.0	0.8%

Yesterday’s UK 100 Laggards	Price (p)	% Chg
INTL CONSOLIDATED AIRLINE-DI	131.4	-14.9%
ROLLS-ROYCE HOLDINGS PLC	121.6	-11.6%
MELROSE INDUSTRIES PLC	144.3	-10.3%
INTERCONTINENTAL HOTELS GROU	4580.0	-9.2%
INFORMA PLC	465.9	-9.0%

Major World Indices	Price	% Chg	1 YEAR
UK 100 INDEX	7,044	-3.6%	10.6%
DOW JONES INDUS. AVG	34,899	-2.5%	16.7%
DAX INDEX	15,257	-4.2%	14.4%
NIKKEI 225	28,284	-1.6%	6.2%
S&P/ASX 200 INDEX	7,240	-0.5%	9.7%

Commodities	Units	Price	% Chg
WTI Crude Oil (Nymex)	USD/bbl.	71.51	4.93%
Brent Crude (ICE)	USD/bbl.	75.66	4.04%
Gold Spot	USD/t oz.	1,794	-0.5%
Copper (Comex)	USd/lb.	435	1.3%

The UK 100 is called to open 100 points today at 7144.

4 hours; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open 100 points today at 7144. The UK’s bluechip index looks set to bounce this morning from Fridays mass global sell off, recovering a large part of Fridays loss, as traders bulked at the potential economic impact of the newly-dubbed Omicron Covid variant look set to haunt world markets. Asia’s main markets, for example, struggled as cases of the mutated virus were pinpointed in clusters thousands of miles away from its source in southern Africa. China’s Shanghai Composite slipped 0.30% and Hong Kong’s Hang Seng index fell 1.20%, The Nikkei in Japan slumped 1.63% while South Korea’s Kospi dipped 0.89%. On Friday there was a shortened trading day on Wall Street, The Dow was down 905 points, or 2.5%. The S&P tumbled 2.3% and the Nasdaq slipped 2.2%, futures however look stronger this morning, the Dow Jones has gained 208 points, or 0.6%. S&P 500 futures added 0.82% and Nasdaq 100 futures have risen 1.07%.

Company News & Broker Comments:

Company News:

BT Group is being considered by Indian oil-to-telecoms giant Reliance Industries for an offer.

Fresnillo/Centamin, gold prices edged higher as concerns over the impact of the possible vaccine-resistant Omicron coronavirus variant, pushed prices higher on its safe-haven appeal.

Miners may see some movement today as copper rose as risk sentiment steadied, after concerns over the Omicron coronavirus variant sparked a global sell-off last week.

Hammerson confirms it is in discussions on terms of a possible disposal of Silverburn. Pricing under discussion is £140m.

Broker Comments

Reporting Today:

None

Reporting Tomorrow:

Countryside Properties

Greencoat Group

Pennon Group

Shaftesbury

easyJet

In Focus Today:

BoJ’s Governor Kuroda speech

German Harmonized Index of Consumer Prices

BoC’s Governor Macklem speech

EU Business Climate

EU Consumer Confidence

EU Industrial Confidence

US Pending Home Sales

Japanese Unemployment Rate

This Week’s Ex-Dividends:

FTSE 100:

Royal Mail

National Grid

Severn Trent

3i Group

Royal Mail

Johnson Matthey

FTSE 250:

Ninety One

Bellway

Telecom Plus

Fidelity Special Values

Big Yellow Group

LXI REIT

AVI Global Trust

Pets At Home Group

Hill & Smith Holdings

Great Portland Estates

Alliance Trust

Templeton Emerging Markets IT

Caledonia Investments

Personal Assets Trust

Oxford Instruments

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