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Morning Report - 31 March 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
INTL CONSOLIDATED AIRLINE-DI 202.0 5.1%
BARCLAYS PLC 189.1 4.9%
MELROSE INDUSTRIES PLC 171.8 4.3%
NATWEST GROUP PLC 197.3 4.0%
LEGAL & GENERAL GROUP PLC 285.6 3.6%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
FRESNILLO PLC 857.4 -4.1%
OCADO GROUP PLC 2030.0 -2.3%
SEVERN TRENT PLC 2294.0 -2.1%
BRITISH AMERICAN TOBACCO PLC 2770.0 -2.0%
POLYMETAL INTERNATIONAL PLC 1389.5 -1.7%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,772 0.5% 19.4%
DOW JONES INDUS. AVG 33,067 -0.3% 48.1%
DAX INDEX 15,009 1.3% 51.1%
NIKKEI 225 29,179 -0.9% 54.3%
S&P/ASX 200 INDEX 6,791 0.8% 33.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 60.85 0.50%
Brent Crude (ICE) USD/bbl. 64.50 0.56%
Gold Spot USD/t oz. 1,689 0.2%
Copper (Comex) USd/lb. 399 0.3%

 

UK 100 is called to open -12 points this morning at 6760.

1 Day; 8 Months

Click graph to enlarge

Markets Overview:

 

UK 100 is called to open -12 points this morning at 6760.  The UK bluechip index is called lower this morning as investor sentiment from weaker global sessions yesterday seems to have filtered through to Europe, as US treasury yields once again rose yesterday.  This let to The Dow Jones ending the session on Tuesday down by 0.31% at close at 33.066 while the S&P dropped similarly 0.32% to end the session at 3,958 and the Nasdaq completed the red day stateside falling by 0.11% to 13,045.  The picture was much the same in Asia this morning, The Hang Seng index in Hong Kong slipped 0.31% while the Shanghai Composite in China fell 0.61%.  In Japan, the Nikkei gave up 0.73%.

Company News & Broker Comments:

 

 

Company News:

AstraZeneca: Germany will restrict the use of AstraZeneca’s COVID-19 vaccine to people aged 60 and over and high priority groups.

 

GKP wings to a 2020 pretax loss of $47m (2019: $43.3m profit) as they are to reinstate their annual dividend totalling $25m in 2021. Their average 2020 output was 36,625 bopd, which beat guidance.

 

Petropavlovsk increases their guidance for 2021 gold production to 470,000 ounces (from 430,000 ounces) as they plan to complete their management restructure by Q2.

 

Broker Comments:

Jefferies Upgrades Hikma Pharmaceuticals to a Buy from Hold (4 Buys / 3 Holds / 1 Sell)

 

Morgan Stanley Downgrades BP to Underweight from Equal weight (6 Buys / 8 Holds / 2 Sells)

 

 

 

Reporting Today:

 

None

 

 

Reporting Tomorrow:

 

Next

 

In Focus Today:

 

Chinese Non-Manufacturing PMI

Chinese NBS Manufacturing PMI

UK Gross Domestic Product

EU Consumer Price Index – Core

President Biden speech

US ADP Employment Change

German Unemployment Change

US Pending Home Sales

 

 

Tomorrow’s Ex Dividends:

 

UK 100:

 

Phoenix Group Holdings

Taylor Wimpey

Smith & Nephew

Melrose Industries

 

UK 250:

 

Hammerson

Murray International Trust

ContourGlobal

ConvaTec Group

IMI

Primary Health Properties

Chemring Group

Finsbury Growth & Income Trust

RIT Capital Partners

 

 

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