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Morning Report - 8 April 2021

Yesterday’s UK 100 Leaders Price (p) % Chg
JUST EAT TAKEAWAY 7,165.0 5.1%
DS SMITH PLC 424.4 2.9%
INFORMA PLC 586.6 2.8%
PERSHING SQUARE HOLDINGS LTD 2,720.0 2.6%
PERSIMMON PLC 3,173.0 2.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
FLUTTER ENTERTAINMENT PLC-DI 15535.0 -1.3%
LONDON STOCK EXCHANGE GROUP 7278.0 -1.3%
RENISHAW PLC 6445.0 -1.2%
ASTRAZENECA PLC 7099.0 -1.2%
SCOTTISH MORTGAGE INV TR PLC 1189.0 -0.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,885 0.9% 21.3%
DOW JONES INDUS. AVG 33,446 0.1% 42.7%
DAX INDEX 15,176 -0.2% 46.9%
NIKKEI 225 29,709 -0.1% 53.1%
S&P/ASX 200 INDEX 6,999 1.0% 34.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 59.24 -0.89%
Brent Crude (ICE) USD/bbl. 62.63 -0.84%
Gold Spot USD/t oz. 1,745 0.4%
Copper (Comex) USd/lb. 409 0.8%
UK 100 called to open +14 points

1 Day; 8 Months

Click graph to enlarge

Markets Overview:

 

UK 100 is called to open +14 points this morning at 6902.  Asian shares lagged on Thursday as the US futures hit record highs again. This was after the federal reserve underlined its commitment to keeping a loose policy despite the economy recovering quicker than expected. Joe Biden also supported the move to raise corporate tax rate to 28% from 21%. This would be the main way to fund the $2 trillion infrastructure plan. This would affect Silicon Valley companies the most. Oil slipped back as Brent was down 38cents to $62.78 a barrel whilst US Crude fell 40cents to $59.36.

 

Company News & Broker Comments:

ASOS reports that their H1 revenue has risen 24% to £1.98bn as their pretax profit jumps to £106.4m (from £30.1m).
 
Dunelm‘s Q3 sales fell 17% YoY to £236.6m as most of their stores were shut during the period. They do expect a strong customer response when restrictions are lifted, and they expect to end the FY modestly ahead of the top range of analyst forecasts.
 
Ferrexpo says Q1 pellet output fell 0.4% YoY to 2.7m tonnes.
Johnson Matthey says FY performance to be around top end of market expectations as H2 is “materially stronger” after virus disruption.

 

Broker Comments:

 

Berenberg initiates Deliveroo with a Hold (No other Broker Comments currently available)

 
Deutsche Bank initiates TUI with a Hold (1 Buys / 2 Holds / 6 Sells)

 

 

 

Reporting Today:

 

CMC Markets

Dunelm Group

OneSavings Bank

 

 

Reporting Tomorrow:

 

None

 

In Focus Today:

 

German Factory Orders s.a.

ECB Monetary Policy Meeting Accounts

US  Initial Jobless Claims

 

Today’s Ex Dividends:

 

UK 100:

 

Smith (DS)

Smurfit Kappa Group

Mondi

Aviva

Rentokil Initial

Smiths Group

 

UK 250:

 

Moneysupermarket.com Group

Grafton Group

Rotork

Man Group

Direct Line Insurance Group

Ultra Electronics Holdings

TP ICAP

Quilter

Domino’s Pizza Group

Savills

International Public Partnerships

VinaCapital Vietnam Opportunity Fund

 

 

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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