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Morning Report - 7 October 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
TESCO PLC 268.1 6.0%
HSBC HOLDINGS PLC 406.3 3.4%
PEARSON PLC 742.2 3.1%
FRESNILLO PLC 796.0 2.3%
STANDARD CHARTERED PLC 450.5 2.0%
Yesterday’s UK 100 Laggards Price (p) % Chg
ANTOFAGASTA PLC 1282.0 -5.5%
NEXT PLC 7654.0 -4.8%
WHITBREAD PLC 3206.0 -4.6%
MELROSE INDUSTRIES PLC 161.4 -4.5%
JD SPORTS FASHION PLC 1024.5 -4.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,996 -1.2% 17.7%
DOW JONES INDUS. AVG 34,417 0.3% 21.6%
DAX INDEX 14,973 -1.5% 15.8%
NIKKEI 225 27,752 0.8% 18.8%
S&P/ASX 200 INDEX 7,257 0.7% 20.2%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 76.87 -0.72%
Brent Crude (ICE) USD/bbl. 80.89 -0.23%
Gold Spot USD/t oz. 1,758 -0.3%
Copper (Comex) USd/lb. 417 0.4%

 

The UK 100 is called to open +75 points today at 7070. 

4 hours; 7 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +75 points today at 7070.  The UK Blue chip index looks set to recover all of yesterdays losses on the open today, having dropped in excess of 1% during Wednesday trading.  This comes as politicians appear closer to approving the new, temporary, debt ceiling.  In America overnight, Republicans and Democrats agreed to consider a stop-gap extension to the US borrowing limit until December, potentially breaking a deadlock and remove at least on layer of market risk for investors.  This saw the Dow Jones close Wednesday up 102 points or 0.3% at 34,416.  The S&P similarly closed higher by 0.4% to finish the session at 4,363 and the Nasdaq was slightly stronger still rising 0.47% to trade at 14,501.  In Asia, Japan’s Nikkei rose by 0.84% to 27,761 and Hong Kong’s Hang Seng was up 2.43% at 24,554, while the Shanghai Composite added 0.9% to 3,568.

 

Company News & Broker Comments:

 

Company News:

Carnival plans more ship restarts in Jan & Feb working towards a full fleet return.
Mondi reports that their Q3 underlying EBITDA came in at 388m euros, up 27% YoY from 306m euros.
Royal Dutch Shell says Hurricane Ida has hit its adjusted earnings by $400m in Q3.

 

Broker Comments

 

 Berenberg Upgrades Hochschild Mining to Buy from Hold (3 Buys / 4 Holds / 0 Sells)

 

Reporting Today:

 

Baillie Gifford Japan Trust*

ICG Investment Trust*

Mondi

Volution Group

 

*Estimated Preliminary Results

 

Reporting Tomorrow:

 

Carnival*

Electrocomponents

 

*Estimated Preliminary Results

 

 

In Focus Today:

 

German Industrial Production s.a.

US Initial Jobless Claims

 

Today’s Ex-Dividends:

 

FTSE 100:

 

Smith (DS)

Taylor Wimpey

Kingfisher

 

FTSE 250:

 

Weir Group

Spectris

Bodycote

Morgan Sindall Group

Murray International Trust

Synthomer

Vistry Group

Finsbury Growth & Income Trust

F&C Investment Trust

JPMorgan Emerging Markets Invest Trust

 

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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