This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
|Yesterday’s FTSE100 Leaders||Price (p)||% Chg|
|AUTO TRADER GROUP PLC||427.5||15.9%|
|ASHTEAD GROUP PLC||1,450.0||11.5%|
|Yesterday’s FTSE100 Laggards||Price (p)||% Chg|
|INTL CONSOLIDATED AIRLINE-DI||195.0||-9.1%|
|INTERCONTINENTAL HOTELS GROU||2385.5||-8.4%|
|BARRATT DEVELOPMENTS PLC||364.7||-7.6%|
|Major World Indices||Price||% Chg||1 Year|
|FTSE 100 INDEX||5,152||1.4%||-29.3%|
|DOW JONES INDUS. AVG||20,087||1.0%||-22.0%|
|S&P/ASX 200 INDEX||4,817||0.7%||-21.9%|
|WTI Crude Oil (Nymex)||USD/bbl.||26.50||5.08%|
|Brent Crude (ICE)||USD/bbl.||29.44||3.41%|
|Gold Spot||USD/t oz.||1,505||2.3%|
FTSE 100 called to open +190 points at 5345. Asian stocks rose, U.S. stock futures came off earlier lows and the dollar halted an eight-day rally as investors took stock of stimulus measures, giving tentative signs of returning appetite for riskier assets. Gains in South Korea’s equity market topped 5% and shares in Hong Kong climbed about 2%, though a strong advance in Australia fizzled out. The Nikkei closed 1% lower at 16,552, the Hang Sang however jumped by 4% to close at 22,612, the picture was also green in China as the CSI rose by 1.8% during trading to close at 3,653. Oil continued climbing after its biggest ever single-day gain as U.S. President Donald Trump waded into the price war between Saudi Arabia and Russia that has rocked crude markets amid diminishing demand. Futures in New York increased as much as 5.7% following the biggest spike on record Thursday, rebounding from the lowest settlement since 2002. Gold is heading for the first back-to-back weekly loss since September as the coronavirus crisis pummels appetite for risk and drives the dollar to an all-time high, with some investors selling the traditional haven to raise cash to navigate the extreme volatility shaking global markets. Bullion has erased its gains this year despite emergency rate cuts and asset-purchases.
JD Wetherspoon reported that in the six weeks to 8 March 2020, like-for-like sales increased by 3.2% and total sales by 2.9%. In the following week, to 15 March, sales declined by 4.5%. In the early part of the current week, following the Prime Minister’s advice to avoid pubs, sales have declined at a significantly higher rate. Revenue £933.0m (2019: £889.6m) +4.9% YoY. Profit before tax £57.9m (2019: £50.3m) +15.2%. Interim dividend – cancelled. (All figures accurate pre-IFRS 16)
CN – Bank Of China Interest Rate decision
Royal Bank Of Scotland
British American Tobacco
BHP Group Upgraded to Buy by Deutsche Bank (Bloomberg: 11 Buys/ 13 Holds/ 4 Sells)
BHP Group Upgraded to overweight by J.P Morgan (Bloomberg: 9 Buys/ 14 Holds/ 3 Sells)
BP Downgraded to Equalweight/in-line by Morgan Stanley (Bloomberg: 15 Buys/ 10 Holds/ 2 Sells)
Centamin Upgraded to Buy by Peel Hunt (Bloomberg: 9 Buys/ 4 Holds/ 1 Sells)
John Wood Group Upgraded to Overweight by Barclays (Bloomberg: 14 Buys/ 4 Holds/ 0 Sells)
Kaz Minerals Downgraded to Hold by Deutsche Bank (Bloomberg: 15 Buys/ 8 Holds/ 1 Sells)
UDG Healthcare Upgraded to Outperform by Capital Markets (Bloomberg: 11 Buys/ 2 Holds/ 0 Sells)
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