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Morning Report - 4 June 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
JOHNSON MATTHEY PLC 3,136.0 2.1%
STANDARD LIFE ABERDEEN PLC 279.0 1.8%
FERGUSON PLC 9,796.0 1.4%
PHOENIX GROUP HOLDINGS PLC 753.8 1.3%
RIGHTMOVE PLC 609.6 1.0%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
INTL CONSOLIDATED AIRLINE-DI 199.0 -5.0%
FRESNILLO PLC 870.6 -4.3%
B&M EUROPEAN VALUE RETAIL SA 539.2 -3.9%
ANTOFAGASTA PLC 1546.5 -3.5%
ANGLO AMERICAN PLC 3201.0 -2.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,068 -0.6% 10.6%
DOW JONES INDUS. AVG 34,625 0.1% 31.8%
DAX INDEX 15,649 0.3% 24.7%
NIKKEI 225 29,058 0.4% 28.0%
S&P/ASX 200 INDEX 7,260 0.6% 21.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 68.95 0.17%
Brent Crude (ICE) USD/bbl. 71.38 0.04%
Gold Spot USD/t oz. 1,871 -2.0%
Copper (Comex) USd/lb. 446 -3.0%
UK 100 is called to open down 10 points this morning at 7061

1 Day; 8 Months

Click graph to enlarge

Markets Overview:

 

UK 100 is called to open down 10 points this morning at 7061. Asian stocks followed the lead from the US, and ended on a positive note. Signs of a strengthening US recovery upped bets for higher inflation and early tapering of Federal Reserve stimulus. Better than expected employment data yesterday, raised hopes for a strong set of non-farm payroll data today, with job growth likely to have picked up in May. Vaccinations seem to be easing the pandemics grip on the economy, but companies still face difficulty in hiring, with millions of unemployed at home due to childcare problems and generous unemployment checks. There was also some relief for corporations, as Joe Biden seems willing to compromise over a proposed tax hike.Crude oil retreated from two-year highs, as weekly crude stocks fell sharply while fuel inventories rose more than expected. Brent was down 0.4% at $71.06 a barrel whilst US Crude was down 0.3% at $68.58.

 

 

Company News & Broker Comments:

 

Company News:

AstraZeneca appoints Alexion Pharmaceuticals CFO Aradhana Sarin as their new CFO.
Hammerson are to redeem in July 500m euros worth of 2% bonds that were initially due in 2022.

Broker Comments:

Morgan Stanley Upgrades Boohoo to Equal weight from Underweight (10 Buys / 4 Holds / 2 Sells)
Peel Hunt Downgrades Provident Financial to Reduce (6 Buys / 1 Hold / 1 Sell)

 

Reporting Today:

 

None

 

 

Reporting Tomorrow:

 

 

None

 

In Focus Today:

 

European Retail Sales

Nonfarm Payrolls

US Factory Orders

 

 

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