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Morning Report - 11 September 2020

Thursday’s UK 100 Leaders Price (p) % Chg
GVC HOLDINGS PLC 866.8 3.3%
COMPASS GROUP PLC 1,293.0 3.2%
PERSIMMON PLC 2,539.0 2.8%
ITV PLC 64.2 2.6%
POLYMETAL INTERNATIONAL PLC 1,991.0 2.3%
Thursday’s UK 100 Laggards Price (p) % Chg
WM MORRISON SUPERMARKETS 186.0 -4.6%
DS SMITH PLC 280.3 -3.3%
BRITISH LAND CO PLC 342.4 -3.3%
SAINSBURY (J) PLC 187.9 -2.0%
PEARSON PLC 535.8 -2.0%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,003 -0.2% -17.4%
DOW JONES INDUS. AVG 27,607 -1.2% 2.6%
DAX INDEX 13,209 -0.2% 7.7%
NIKKEI 225 23,235 0.9% 8.6%
S&P/ASX 200 INDEX 5,909 0.5% -11.0%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 37.21 -2.21%
Brent Crude (ICE) USD/bbl. 40.02 -1.89%
Gold Spot USD/t oz. 1,950 0.2%
Copper (Comex) USd/lb. 297 -2.5%
UK 100 called to open flat this morning at 6002. 

1 day; 3 Years

Click graph to enlarge

Markets Overview:

 

UK 100 called to open flat this morning at 6002.  Calls for a flat open come after Asian stock markets were mostly higher on Friday, with Japan’s Nikkei 225 index up 0.6% and Hong Kong’s Hang Seng index ahead 0.4%.  US Stocks however seesawed on Thursday during the session, giving up early gains to close lower, across the board, The Dow Jones dropped by 405.89 points, or 1.45%, to close the day at 27,534.58. The S&P also slid, 1.8% to 3,339.19.  While the Nasdaq Completed the all red day stateside and closed 1.99% lower at 10,919.59.  Stocks were under pressure as a resumption of the tech sell off drove markets lower, Apple shares fell 3% after rising as much as 2.7%. Tesla, which was up more than 8% at one point, ended the day up only slightly. Facebook, Amazon, Netflix, Alphabet and Microsoft also fell.

 

Company News:

Ashmore reported a drop in Assets Under Management (AUM) hit by coronavirus-driven selloff in the markets this year, although FY earnings still rose on cost controls. Its AUM fell 9% to $83.6bn, while adjusted earnings climbed to £222.5m (2019: £201.8m).

Ferrexpo announces a further special interim dividend of 6.6 US cents per share.

Provident Financial CEO Malcolm Le May will take a short leave of absence from late September 2020.

Rio Tinto CEO Jean-Sebastien Jacques will step down from his role in the wake of mounting dissatisfaction over the findings of an internal review into how the miner legally destroyed historically significant Aboriginal rock shelters.

Reporting Today:

 

Go-Ahead Group

Dunelm Group

Morrison WM Supermarkets

 

Reporting Monday:

 

Abcam

 

In Focus Today:

 

UK Gross Domestic Product

German Harmonized Index Of Consumer Prices

US Consumer Price Index

Eurogroup Meeting

 

Next Week’s Ex Dividends:

 

UK 100:

 

Investec

 

UK 250:

 

Sanne Group

 

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