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Morning Report - 4 October 2019

Yesterday’s UK 100 Leaders Price (p) % Chg
LONDON STOCK EXCHANGE GROUP 7,168.0 2.3%
FERGUSON PLC 6,278.0 2.1%
DIAGEO PLC 3,279.0 1.9%
ASSOCIATED BRITISH FOODS PLC 2,195.0 1.6%
SEGRO PLC 795.6 1.3%
Yesterday’s UK 100 Laggards Price (p) % Chg
DS SMITH PLC 325.2 -5.7%
EVRAZ PLC 422.1 -3.8%
BRITISH AMERICAN TOBACCO PLC 2789.0 -3.7%
KINGFISHER PLC 189.1 -3.5%
TAYLOR WIMPEY PLC 150.7 -3.2%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 7,078 -0.6% -4.6%
DOW JONES INDUS. AVG 26,201 0.5% -1.6%
DAX INDEX 11,925 -2.8% -3.0%
NIKKEI 225 21,410 0.3% -10.7%
S&P/ASX 200 INDEX 6,517 0.4% 5.5%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 52.66 0.40%
Brent Crude (ICE) USD/bbl. 57.92 0.36%
Gold Spot USD/t oz. 1,508 0.2%
Copper (Comex) USd/lb. 253 -0.7%
UK 100 called to open +33 points at 7340

UK 100 : 4 hours, 3 months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +33 points at 7109; A more positive start to today’s trading session, UK Index called to open positive for the first time this week.  Following yesterdays bounce in the US (initially selling down in excess of 300 points) following weaker than expected ISM non manufacturing PMI data.  In focus today will be September’s non-farm payrolls data, the consensus is 146,000, but some are already expecting 125,000 following the disappointing ADP report. Oil prices rallied slightly overnight to settle just shy of $58.5 per barrel, as gold continued to move upwards to $1510.

In corporate news this morning:

 

AstraZenca announced today that the FDA has approved the self administration of Fasenra in a pre-filed, single-use auto-injector. 

 

BP announce that Group Chief Executive Bob Dudley will retire in March 2020, and will be succeeded by Bernard Looney.

Meggitt has been awarded a $48m agreement for supply of Aerial Weapons Scoring Systems to the US Army.

 

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

 

Upgrades/Downgrades:

 

Marks and Spencer downgraded to reduce by HSBC (Bloomberg: 4 buys/ 9 holds/ 12 sells)

 

HSBC Upgraded to Buy by Day by day (Bloomberg: 5 buys/ 14 holds/ 10 sells)

 

Reckitt Benckiser Upgraded to Buy by Day by day (Bloomberg: 13 buys/ 7 holds/ 5 sells)

 

Vodafone Upgraded to Hold by Day by day (Bloomberg: 19 buys/ 6 holds/ 2 sells)

 

Glencore downgraded to Sell by Day by day (Bloomberg: 14 buys/ 13 holds/ 1 sells)

 

 

In Focus Today:

 

Non Farm Payroll

 

Companies reporting next week:

 

EasyJet, Page Group, Dunelm, Hargreaves Lansdown

 

(Full list available on Week in advance)

 

Next weeks’s Ex-Dividends:

 

Barratt Developments – 5.8%

 

Centrica – 2.1%

 

Close Brothers Group – 3.2%

 

Weir Group – 1.2%

 

 

(Full list available on Week in advance)

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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