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|Yesterday’s FTSE100 Leaders||Price (p)||% Chg|
|SMURFIT KAPPA GROUP PLC||2,608.0||3.4%|
|BERKELEY GROUP HOLDINGS/THE||3,980.0||2.8%|
|CRODA INTERNATIONAL PLC||4,808.0||2.4%|
|JUST EAT PLC||782.8||2.4%|
|OCADO GROUP PLC||1,363.5||2.4%|
|Yesterday’s FTSE100 Laggards||Price (p)||% Chg|
|UNITED UTILITIES GROUP PLC||784.2||-2.9%|
|SEVERN TRENT PLC||2024.0||-1.8%|
|Major World Indices||Price||% Chg||1 Year|
|FTSE 100 INDEX||7,282||0.2%||0.1%|
|DOW JONES INDUS. AVG||26,797||0.3%||3.4%|
|S&P/ASX 200 INDEX||6,648||0.0%||8.2%|
|WTI Crude Oil (Nymex)||USD/bbl.||57.19||1.19%|
|Brent Crude (ICE)||USD/bbl.||62.20||1.07%|
|Gold Spot||USD/t oz.||1,508||0.1%|
FTSE called to open +35 Points at 7317 this morning; Asia stocks gained overnight as further hopes of increased stimulus for the markets to slow growth in the world major economies. Risk sentiment was also fortified as Federal Reserve Board Chairman Jerome Powell said on Friday that the central bank would continue to act “as appropriate” to sustain economic expansion. Friday saw further gains being tempered by lacklustre jobs data which slowed more than expected in August. Although the Dow did close Fridays trading session in the green and a green sweep in Asia to start the week. Oil has bounced from $60 a barrel to $62.5 over the weekend, could this signify a bounce in the UK listed oilies? The biggest loser is gold, risk on sentiment has had impact and gold dropped from $1550 to $1505.
In corporate news this morning:
Associated British Foods maintained its guidance, forecasting good profit performances at its Primark fashion chain and grocery business would offset a decline in its sugar operations. Sales at Primark for FY 2019 +4% ahead of last year, driven by increased selling space partially offset by a 2% decline in like-for-like sales.
Lloyds announced this morning extra provisions for PPI claims of £1.2-1.8bn and will suspend the rest of its 2019 buyback programme.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Ultra Electronics Upgraded to Equalweight by Barclays (Bloomberg: 4 Buys / 6 Holds / 2 Sells)
Mitchells & Butler Upgraded to Overweight by Morgan Stanley (Bloomberg: 10 Buys / 3 Holds / 3 Sells)
McCarthy & Stone Upgraded to Buy by HSBC (Bloomberg: 3 Buys / 3 Holds / 2 Sells)
Berkeley Group Upgraded to Buy by HSBC (Bloomberg: 5 Buys / 8 Holds / 5 Sells; Average)
Kaz Minerals Upgraded to Overweight/Inline by Morgan Stanley (Bloomberg: 15 Buys/ 9 Holds/ 2 Sells; 12 month average price target: 623p)
German Balance of Trade
UK Balance of Trade
UK Industrial production
US Consumer inflation
Associated British Food, Hunting
Cairn Energy, JD Sports, Bovis Homes, Petropavlovsk
Galliford Try, Morrisons, JD Wetherspoon
Melrose – 0.8%
Stagecoach – 2.9%
Restaurant Group – 1.6%
Cineworld – 1.4%
(Full list available on Week in advance)
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