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Morning Report - 7 April 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
SSE PLC 1,521.0 4.4%
ANTOFAGASTA PLC 1,756.0 3.8%
BP PLC 299.9 3.5%
COMPASS GROUP PLC 1,544.5 3.3%
Yesterday’s UK 100 Laggards Price (p) % Chg
BT GROUP PLC 152.7 -2.4%
NEXT PLC 7920.0 -2.4%
BUNZL PLC 2325.0 -1.5%
JUST EAT TAKEAWAY 6820.0 -1.1%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,824 1.3% 19.6%
DOW JONES INDUS. AVG 33,430 -0.3% 47.6%
DAX INDEX 15,213 0.7% 59.0%
NIKKEI 225 29,735 0.1% 56.7%
S&P/ASX 200 INDEX 6,928 0.6% 31.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 59.37 0.07%
Brent Crude (ICE) USD/bbl. 62.77 0.05%
Gold Spot USD/t oz. 1,737 -0.3%
Copper (Comex) USd/lb. 409 -0.6%

5 minutes; 1 Day

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Markets Overview:


UK 100 called to open +26 points this morning at 6848. Asia took the lead from European and US stock markets, as shares climbed to three-week highs as investors were optimistic on the upcoming earnings season, hoping to see further signs of a global recovery. The latest US job openings report showed that vacancies rose to a two-year high whilst hiring had its biggest gain in 9 months. This was on top of an already buoyant market that had risen on increased COVID-19 vaccinations and additional government stimulus. The IMF rose its growth forecasts for the US to 6% this year from 5.5% on a brighter looking outlook. Crude rose on prospects for stronger global economic growth amid a report that showed crude inventories in the US fell in the week ending April 2nd. Brent was up 0.5% to $63.08 whilst US Crude was up 0.5% to $59.65


Company News & Broker Comments:


Company News:


Anglo American says De Beers 3rd sales cycle value $440m, down from $550m in the 2nd cycle as they are seeing “solid demand” for rough diamonds in a normally quiet time.
Deliveroo workers plan to strike as unconditional share dealings begin.
Marston’s expects to reopen 70% of its pubs in England with outdoor spaces from next Monday.
Ryanair says FY traffic to be at the lower end of 80m-120m passengers range as they do not share the analyst optimism around financial 2022 which is “currently close to breakeven”.
Saga‘s FY pretax loss narrows to £61.2m (2019: £300.9m loss).



Broker Comments:

Barclays Downgrades Kaz Minerals to Equal Weight from Overweight (4 Buys / 9 Holds / 0 Sells)
JP Morgan resumes Aviva with Overweight (9 Buys / 5 Holds / 0 Sells)


Reporting Today:


Hilton Foods Group


Reporting Tomorrow:


CMC Markets

Dunelm Group

OneSavings Bank


In Focus Today:


FOMC Minutes

Japanese Leading Economic Index

German Markit PMI Composite

EU Markit PMI Composite

US Goods and Services Trade Balance


Tomorrow’s Ex Dividends:


UK 100:

Smith (DS)

Smurfit Kappa Group



Rentokil Initial

Smiths Group


UK 250: Group

Grafton Group


Man Group

Direct Line Insurance Group

Ultra Electronics Holdings



Domino’s Pizza Group


International Public Partnerships

VinaCapital Vietnam Opportunity Fund



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