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Morning Report - 20 October 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
INTL CONSOLIDATED AIRLINE-DI 100.0 4.4%
INFORMA PLC 417.6 2.7%
STANDARD CHARTERED PLC 378.6 2.4%
NEXT PLC 6,166.0 2.2%
BRITISH LAND CO PLC 364.5 2.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
GVC HOLDINGS PLC 1039.5 -2.4%
DCC PLC 5230.0 -2.2%
PENNON GROUP PLC 1006.0 -2.1%
FLUTTER ENTERTAINMENT PLC 13000.0 -2.1%
IMPERIAL BRANDS PLC 1288.0 -2.1%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 5,885 -0.6% -17.7%
DOW JONES INDUS. AVG 28,195 -1.4% 5.3%
DAX INDEX 12,855 -0.4% 1.8%
NIKKEI 225 23,573 -0.4% 4.6%
S&P/ASX 200 INDEX 6,185 -0.7% -7.0%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 40.57 -0.64%
Brent Crude (ICE) USD/bbl. 42.46 -0.38%
Gold Spot USD/t oz. 1,901 -0.2%
Copper (Comex) USd/lb. 309 0.0%

 

UK 100 called to open -10 points this morning at 5874.

4 Hours; 2 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open -10 points this morning at 5874.  Calls for a negative open come as parts of England prepare for further local lockdowns.  Wales also announced a “firebreak”lockdown for two weeks, while Ireland prepares for a draconian six-week lockdown. Overnight in Asia, markets dropped as hopes fade for U.S. stimulus.  Japan’s Nikkei 225 fell by 0.3% to 23,600.98 in morning trading. Hong Kong’s Hang Seng inched down less than 0.1% to 24,533.47, while the Shanghai Composite index slipped 0.3% to 3,303.67.  Yesterday Stateside The S&P 500 fell 56.89 points to 3,426.92. The Dow Jones dropped 410.89 points, or 1.4%, to 28,195.42. The Nasdaq extended its losing streak to a fifth day, losing 192.67 points, or 1.7%, to 11,478.88.

 

Company News:

Bellway reports that their FY pretax profit fell 64.3% to £236.7m. FY number of housing completions fell by 30.9% to 7,522 (2019: 10,982). Dividend payments have been resumed, with the board proposing to pay a reduced final dividend of 50p per share.
BHP Billiton posts 7% rise in iron ore output, supported by stable demand from China. They also stated that Q2 iron ore production will be impacted by work at its Mining Area C and South Flank projects in Western Australia, but they kept FY forecasts unchanged.
Reckitt Benckiser reported a bigger-than-expected rise in Q3 sales that were boosted as the coronavirus pandemic spurred demand for cleaning products. Like-for-Like sales rose 13.3% v analysts’ expectations of a 9.5% increase.
 
Softcat report that FY revenue rose +8.6% to £1,077.1m (2019: £991.8m). Operating profit also increased by +11% to £93.7m, as public sector business performed strongly, but they experienced softening in demand from corporate customers.

Reporting Today:

 

Reckitt Benckiser

UBS Group

Regions Financial Corp

Philip Morris International Inc

Graphic Packaging Holding Co

Canadian National Railway Co

iRobot Corp

Avagrid Inc

 

 

Reporting Tomorrow:

 

C&C Group
Segro PLC
Ericsson
Align Technology Inc
Avangrid Inc
First Cash Financial Services Inc
Amphenol Corp
Forum Energy Technologies Inc
Verizon Communications Inc
Great Western Bancorp Inc
BOK Financial Corp
Landstar System Inc
TrustCo Bank Corp NY
Whirlpool Corp
Universal Forest Products Inc
Graco Inc
Raymond James Financial Inc
NorthWestern Corp

 

In Focus Today:

 

PBoC Interest Rate Decision

German Producer Price INdex

US Building Permits

US Hosing Starts

 

This Week’s Ex Dividends:

 

UK 100:

 

BAE Systems

Smiths Group

 

UK 250:

 

European Opportunities Trust

Bankers Investment Trust

Tritax Big Box REIT

Synthomer

 

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