This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
|Yesterday’s FTSE100 Leaders||Price (p)||% Chg|
|INTL CONSOLIDATED AIRLINE-DI||468.6||3.1%|
|NMC HEALTH PLC||2,571.0||2.8%|
|Yesterday’s FTSE100 Laggards||Price (p)||% Chg|
|JD SPORTS FASHION PLC||734.8||-2.6%|
|ASSOCIATED BRITISH FOODS PLC||2165.0||-1.8%|
|COCA-COLA HBC AG-DI||2546.0||-1.7%|
|HARGREAVES LANSDOWN PLC||1790.5||-1.4%|
|Major World Indices||Price||% Chg||1 Year|
|FTSE 100 INDEX||7,198||0.6%||-0.5%|
|DOW JONES INDUS. AVG||26,478||-0.4%||0.0%|
|S&P/ASX 200 INDEX||6,593||0.5%||8.1%|
|WTI Crude Oil (Nymex)||USD/bbl.||53.12||0.70%|
|Brent Crude (ICE)||USD/bbl.||58.79||0.75%|
|Gold Spot||USD/t oz.||1,491||-0.2%|
FTSE 100 called to open +20 points at 7216; Calls for a positive open show further evidence of market resistance after Donald Trump’s administration overnight put eight Chinese tech firms on a blacklist, accusing them of being implicated in human rights violations against Muslim minorities in Xinjiang province. This latest move casts a cloud over trade talks this week scheduled for Thursday & Friday. In Asian trading sessions we saw risk on renter the markets with the Nikkei rising more than 1% during trading and the Hang Seng adding six tenths of a percent. This side of the pond Britain is bracing itself for the potential of Brexit talks collapsing after Jean Claude Juncker yesterday said to meet October 31st deadline a deal would need to be in place by this Friday, this brings into question, if a “worst case scenario” is already priced in? Overnight oil rose to break through the $59 per barrel level, with risk on sentiment far more prevalent it will be little surprise that gold has retraced to $1491.
Diploma announce that its Finance Director Nigel Lingwood will retire in October 2020.
EasyJet stated that FY 2019 profit would come in at the upper end of expectations (£420-430m) with revenues boosted by pilot strikes at rivals British Airways and Ryanair.
Ferrexpo production update, with pellet production +1.7%. Full year production likely to be in the range of 10.4MT – 10.6MT (previous guidance 10.6MT).
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Rio Tinto Upgraded to Buy by Renaissance Capital (Bloomberg: 11 buys/ 11 holds/ 8 sells)
Glencore Upgraded to Buy by Renaissance Capital (Bloomberg: 15 buys/ 12 holds/ 1 sells)
Polymetal Upgraded to Buy by Renaissance Capital (Bloomberg: 11 buys/ 7 holds/ 1 sells)
St James Place Upgraded to Buy by Deutsche Bank (Bloomberg: 16 buys/ 6 holds/ 0 sells)
SSP Upgraded to Buy by HSBC (Bloomberg: 7 buys/ 8 holds/ 1 sells)
German Industrial Production data
Unilever, GVC Holdings,
Hargreaves Lansdown, Dunelm, Mondi, Man Group
(Full list available on Week in advance)
Barratt Developments – 5.8%
Centrica – 2.1%
Close Brothers Group – 3.2%
Weir Group – 1.2%
(Full list available on Week in advance)
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