Highlights of the Day

Asian Markets

Asian markets turned mixed as traders mulled over the impact of tariffs on corporate America, after big industrial companies admitted that they were facing rising costs.

U.S. Markets

U.S. Stocks showed a significant recovery attempt over the course of the trading day after falling sharply early in the session.

Today's News

Barclays reported a fall in third-quarter profit as litigation and conduct charges of £2.1bn weighed. For the three months to 30 September, group profit before tax was £3.12bn compared with a profit of £3.45bn the same period a year ago, total income rose 2.3% to £10.26bn and return on tangible equity (RoTE) was 10.2%.

 

Metro Bank said it more than doubled its third quarter profits as it surpassed the 1.5m customer mark. Pre-tax profit for the three months through September jumped to £10.0m, up from £4.7m on-year. For the first nine months of the year, profit more than tripled to £25.1m

 

Stobart Group swung to a first-half loss after it incurred higher route development and marketing costs. Net losses for the six months through August amounted to £17.5m, compared to a profit of £111.9m in the previous year, when the company had benefited from £123.8m received from the partial disposal of Eddie Stobart Logistics.

 

Antofagasta said its third quarter production improved markedly as it expects further output gains in the final quarter, meanwhile the firm continues to combat cost increases and expects a rise in full year production figures.

 

Deutsche Bank reckons it’s on track to post its first annual profit since 2014. That’s despite a 65% fall in third quarter profit to €229m (£202m) as it restructured under new leadership.

 

Fresnillo delivered mixed production guidance for the full-year, as gold is expected marginally higher, but silver lower amid continued challenges at the Saucito and Frenillo mines.

 

Equiniti said it had been awarded pension administration contracts for the UK Atomic Energy Authority and for the Combined Nuclear Pension Plan.

 

Oil Prices clawed back some of their hefty losses from the day before as the looming U.S. sanctions against Iran came back into focus.

 

Gold Prices nudged higher after hitting their highest in over three months in the previous session as global political and economic uncertainties bolstered safe-haven demand for the metal.

Companies Reporting this week

Day Companies
Monday: Ryanair
Tuesday: Anglo American * Whitbread * Bunzl * St. James’s Place * Travis Perkins
Wednesday: Stobart * Barclays * Metro Bank * Antofagasta
Thursday: Debenhams * Lloyds * Relx * WPP * Evraz
Friday: Royal Bank of Scotland * Glencore * IAG Group

Early Market Movements

Market Index Change % Change
UK 100 6,977.9 +22.7 +0.3%
UK 250 18,403.5 +51.3 +0.3%
GER 30 11,309.6 +35.3 +0.3%
FRA 40 4,992.0 +24.3 +0.5%
US 30 25,191.43 -125.98 -0.5%
US 500 2,740.69 -15.19 -0.6%
Oil (Crude) 76.76 +0.32 -0.4%
GOLD 1,231.30 +1.00 +0.1%

UK Risers & Fallers (8:15am)

Company Price Change % Change
Burberry Group 1718 +47.5 +2.8%
Scottish Mortgage Investment Trust 472.4 +12.1 +2.6%
Kaz Minerals 465.05 +15.95 +3.6%
Fresnillo 956.6 -20.6 -2.1%
ITV 151.2 -2.05 -1.3%
Stobart 200.25 -14.75 -6.9%

Latest Broker Views

Company Broker Recommendation Price Target
Whitbread Berenberg Buy 4396 5900
IAG Deutsche Bank Buy 561.4 770
Easyjet Deutsche Bank Hold 1132.5 1440
Standard Chartered RBS Underperform 529 550

Forthcoming Economic Data

Time/Date Previous Forecast Outcome
9:00am: European Flash Manufacturing PMI 53.2 53.0
9:00am European Flash Services PMI 54.7 54.5
3:30pm U.S. Crude Oil Inventories 6.5m 3.6m

 

 

Sources

https://www.bbc.co.uk/news/live/business-45912695

 

http://www.stockmarketwire.com/article/6179258/Stobart-slips-into-the-red-but-lifts-dividend-20pct.html

 

http://www.stockmarketwire.com/article/6179264/Metro-Bank-profit-jumps-as-customer-numbers-pass-1-point-5m.html

 

http://www.stockmarketwire.com/article/6179269/Barclays-profits-hurt-by-misconduct-fine.html

 

https://www.londonstockexchange.com/exchange/news/alliance-news/detail/1540325956025584800.html

 

https://uk.reuters.com/article/us-global-oil/oil-prices-claw-back-previous-losses-as-iran-sanctions-return-to-focus-idUKKCN1MY01Z

 

https://uk.reuters.com/article/global-precious/precious-gold-edges-higher-as-global-political-economic-worries-lend-support-idUKL3N1X41HJ

 

http://www.stockmarketwire.com/article/6179345/Equiniti-wins-nuclear-pensions-contracts.html

 

http://www.stockmarketwire.com/article/6179314/Fresnillo-upgrades-outlook-on-gold-production-trims-silver.html

 

https://www.londonstockexchange.com/exchange/news/alliance-news/detail/1540363794046096100.html

 

https://www.sfchronicle.com/news/article/Asian-markets-mixed-on-caution-over-costs-from-13331701.php

 

Subscribe to our Award-winning Newsletter

We provide daily market data in the form of our award-winning newsletter, The Morning Call and The Market Close.
You can subscribe to this information at any time to help you make the most of your investment.

Quick Sign-up

Recommendations: Collins Sarri Statham Investments Ltd (CSS) does not in any of its publications take into account any particular recipient's investment objectives, financial situation, and specific needs and demands. Therefore, all CSS publications are, unless otherwise specifically stated, intended for informational and/or marketing purposes only.CSS shall not be responsible for any loss arising from any investment based on a perceived recommendation.

No publication (including recommendations) shall be construed as a representation or warranty that the recipient will profit, nor avoid sustaining losses, from trading in accordance with a trading strategy set forth in a publication.

Risk Warning: Trading in the products and services offered by Collins Sarri Statham Investments Ltd (CSS) may, result in losses as well as profits as the value of investments may go down as well as up. You may not get back the full amount you have invested.

Any reference to past performance should not be viewed as an indication of any future performance.

Investments held in overseas markets are subject to the effects of changes in exchange rates which will impact on the value of the underlying investment.

Investments made in AIM and penny shares carry an increased risk due to the difficulty in creating a market in these shares. There may be a substantial difference in the buy and sell price.

Leveraged products such as Contracts for Difference (CFDs), derivatives, commodities & Foreign Exchange (FX), carry a higher risk to your capital. They can lose their value rapidly and you may lose substantially more than your initial investment.

Speculative trading is not suitable for all investors: The information contained herein is based on materials and sources that we believe to be reliable however we make no representation or warranty, either express or implied, in relation to the accuracy, completeness or reliability of the information contained herein. Please note that the figures shown may, in some instances, be rounded to the nearest penny. Prices can move sharply from those quoted in this document. Current prices can be verified by calling one of our brokers. CSS is under no obligation to update the information contained herein. Neither CSS, nor its affiliates, nor its employees shall have any liability whatsoever for any indirect or consequential loss or damage arising from the use of this document.

Get Started with CSS

Open an Account

Subscribe to our award winning daily newsletter

Voted "Best Market Newsletter" in 2012, 2014, 2015 and 2017 by the City of London Wealth Management Awards

Subscribe to our newsletter (Popup)

By signing up to our free email, you are consenting to receive these promotions. The newsletter is sent up to three times per day during the week and up to once per day over the weekend and is directed at UK residents. The newsletter contains company news, market movements, CSS research and promotions and breaking economic news. Occasionally our newsletter will contain advertisements from trusted partners. However, we will never give, sell or rent your email address to any other companies. If you want to stop receiving our free emails you can unsubscribe at any time by clicking on the link at the bottom of each email. You can read our privacy policy here.

Sending
No, thank you I am already subscribed