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Morning Report - 17 September 2020

Wednesday’s UK 100 Leaders Price (p) % Chg
LAND SECURITIES GROUP PLC 557.6 2.7%
3I GROUP PLC 974.6 2.6%
MONDI PLC 1,580.5 2.5%
FERGUSON PLC 7,604.0 2.4%
EXPERIAN PLC 3,065.0 2.4%
Wednesday’s UK 100 Laggards Price (p) % Chg
ROLLS-ROYCE HOLDINGS PLC 192.4 -5.4%
WM MORRISON SUPERMARKETS 171.0 -4.0%
MELROSE INDUSTRIES PLC 122.0 -2.6%
JUST EAT TAKEAWAY 8248.0 -2.1%
LONDON STOCK EXCHANGE GROUP 8974.0 -1.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,078 -0.4% -17.0%
DOW JONES INDUS. AVG 28,032 0.1% 3.5%
DAX INDEX 13,255 0.3% 7.1%
NIKKEI 225 23,476 0.1% 6.8%
S&P/ASX 200 INDEX 5,956 1.0% -10.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 40.22 5.07%
Brent Crude (ICE) USD/bbl. 42.34 4.47%
Gold Spot USD/t oz. 1,959 0.0%
Copper (Comex) USd/lb. 307 0.2%

 

UK 100 called to open -40 points this morning at 6040. 

2 hours; 4 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open -40 points this morning at 6040.  Calls for a negative open come on the back of a mainly red day stateside, The Dow Jones was the only major index in the US to end the day in the green adding 36.78 points, or 0.1%, to close at 28,032.38. It was a different story however for the S&P which slipped 0.5% to 3,385.49. The Nasdaq also dropped during the session by 1.25% to finish at 11,050.47. The S&P 500 and Nasdaq saw losses as they were pulled back by shares of major tech companies as yesterdays relief rally seemed to lose traction.  Traders mulled The U.S. central bank keeping interest rates near zero. As members of the Fed’s policymaking committee also indicated the overnight rate could stay near zero through 2023.

 

Company News:

AstraZeneca state that the adverse events that led to a pause in trials of their COVID-19 vaccine candidate may not have been associated with the vaccine itself.

IG Group reported a surge in Q1 revenue as the coronavirus crisis and fears of its impact on the global economy continued to drive up volatility and trading volumes on financial markets.

Next have raised its profit outlook for the second time in two months as it reported strong recent trading. They now expect FY 2020 pretax profit of £300m (2019: £729m), up from its view in July of £195m. Full price sales in the last 7 weeks were up 4% y-o-y, which was driven by recent cool weather and fewer overseas holidays.

Playtech posted lower H1 2020 profit, hit by store closures and sports events cancellations due to coronavirus-led curbs. H1 2020 adjusted core earnings fell 15% to 162.3m euros.

Rolls-Royce are continuing to review funding options, including debt and equity, to boost its balance sheet.

Reporting Today:

 

Next

Spire Healthcare

Kier Group

Clinigen Group

 

Reporting Friday:

 

Investec

 

In Focus Today:

 

Bank of Japan Interest Rate Decision

Bank of England Interest Rate Decision

EU Consumer Price Index

US Continuing Jobless Claims

 

Today’s Ex Dividends:

 

UK 100:

 

Investec

 

UK 250:

 

Sanne Group

 

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