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Morning Report - 14 October 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
SCOTTISH MORTGAGE INV TR PLC 1,075.0 1.8%
SSE PLC 1,348.0 1.7%
EXPERIAN PLC 3,063.0 1.6%
TESCO PLC 222.4 1.5%
BUNZL PLC 2,553.0 1.4%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
ROLLS-ROYCE HOLDINGS PLC 183.1 -6.0%
BRITISH LAND CO PLC 355.6 -4.6%
LLOYDS BANKING GROUP PLC 26.9 -4.3%
HARGREAVES LANSDOWN PLC 1477.5 -4.2%
INTL CONSOLIDATED AIRLINE-DI 97.6 -4.1%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 5,970 -0.5% -17.2%
DOW JONES INDUS. AVG 28,680 -0.6% 7.0%
DAX INDEX 13,019 -0.9% 4.3%
NIKKEI 225 23,602 0.2% 8.3%
S&P/ASX 200 INDEX 6,196 1.0% -6.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 40.16 -0.10%
Brent Crude (ICE) USD/bbl. 42.45 1.75%
Gold Spot USD/t oz. 1,893 0.1%
Copper (Comex) USd/lb. 304 0.0%
UK 100 called to open +25 points this morning at 5993. 

4 Hours; 27 Days

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +25 points this morning at 5993.  Calls for a positive open come in in-spite of concerns over the coronavirus vaccine taking longer than was hoped to come to market and the initial impact of it.  Yesterday Wall Street finished lower, with the Dow Jones closing down 0.55% at 28,679 while the S&P 500 dropped 0.63% to 3,511 and the Nasdaq fell 0.1% to 11,863.   The tech-heavy Nasdaq was dragged lower by Apple shares after an iPhone launch event yesterday seemed to have left many investors feeling underwhelmed.  The picture was more mixed in Asia earlier today, with Japan’s Nikkei 225 up 0.02% while Hong Kong’s Hang Seng fell 0.08%.  In focus today will be any update on any potential lockdown restrictions in the UK & ongoing Brexit negotiations as the ‘cliff edge’ to secure a trade deal with the EU edged ever closer.

 

Company News:

ASOS reported a quadrupling in FY profit, benefiting from strong demand during the COVID-19 pandemic and forecast more improvement in the 2020-21 year. They made a pre-tax profit of £142.1m, in line with guidance in August and up from £33.1m in the same period in 2019. Sales rose 19% to £3.26bn.

 

Barratt Developments says there is continuing strong customer demand for its homes and have a healthy forward order book.

 

G4S posts higher profit on cost control measures, as revenue slipped 2% during the period. They have also retained and won new contracts with an annual revenue contract value of £2bn.

 

Pearson says it was on course to hit market expectations after demand for online learning helped soften the impact from cancelled tests and closed school due to COVID-19. Group sales fell by 14% over 9 months due to school closures, campus shop closures and the cancellation of exams.

Reporting Today:

 

ASML Holdings

Stock Spirits Group

Barratt Developments

ASOS

Bank Of America Corp

Info Sys

Wells Fargo & Co

PNC Financial Services Group Inc

US Bancorp

 

 

Reporting Tomorrow:

 

Mondi

Hays

Mediclinic International

Dunelm

BB&T Corp

Peoples United Financial Inc

 

In Focus Today:

 

US Producer Price Index ex Food & Energy

BoE’s Haldane Speech

Eurozone Industrial Production

 

Tomorow’s Ex Dividends:

 

UK 100:

 

Bunzl

Tesco

 

UK 250:

 

Spectris

Close Brothers Group

BMO Commercial Property Trust

 

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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