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Morning Report - 3 April 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
ROYAL DUTCH SHELL PLC-B SHS 1,479.6 9.4%
M&G PLC 118.8 9.0%
ROYAL DUTCH SHELL PLC-A SHS 1,541.6 8.5%
GLENCORE PLC 126.9 6.5%
BP PLC 353.4 5.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
CARNIVAL PLC 605.0 -22.3%
ROLLS-ROYCE HOLDINGS PLC 278.3 -8.8%
CENTRICA PLC 33.9 -8.6%
INFORMA PLC 374.9 -8.3%
MEGGITT PLC 226.9 -7.6%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 5,480 0.5% -26.1%
DOW JONES INDUS. AVG 21,413 2.2% -18.3%
DAX INDEX 9,571 0.3% -19.9%
NIKKEI 225 17,820 0.0% -17.9%
S&P/ASX 200 INDEX 5,067 -1.7% -19.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 24.87 -1.78%
Brent Crude (ICE) USD/bbl. 29.96 0.07%
Gold Spot USD/t oz. 1,611 -0.2%
Copper (Comex) USd/lb. 222 0.2%
UK 100 called to open -40 points points at 5442.

1 hour; 14 days

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Markets Overview:

 

UK 100 called to open -40 points points at 5442.  This comes on the back of Trump's tweets on possible coordinated oil output cuts of up to 15 million barrels a day drew disbelief and skepticism, at one point during trading yesterday oil was up as much as 42%.  In Asia it was a mixed session.The Nikkei closed the day just one point higher, having pared early losses to trade at 17,820.  The Hang Seng also recovered a significant percentage of early losses to close 0.5% lower at 23,152 and this was mirrored in China seeing the CSI 300 close 0.57% lower.  Although oil gave back some of yesterdays gains from the rally it is still siting $5 per barrel above the recent lows.

 

Company News:

 

BAE state that for Q1 2020 the COVID-19 pandemic has had no material impact on the financial performance of the group. The board have decided to defer the decision on the 13.8p dividend announced in February's results. An update on this decision will be provided in H1 2020 results in July.

 

Ryanair's March traffic figures fall 48% to 5.7m guests as COVID-19 airspace closures impact business. They have reported a profit after tax of between 950-1,000m euros which is at the lower end of previous guidance.

 

Tullow Oil updates that following the successful completion of its RBL redetermination (confirms debt capacity of $1.9bn and headroom of $700m), it has also identified further cost savings as the company continues to adapt to the challenging external environment.

 

Reporting Today:

 

FCA has asked UK companies to delay results

for at least two weeks to prevent investors acting on out-of-date information

 

Reporting Tomorrow:

 

FCA has asked UK companies to delay results

for at least two weeks to prevent investors acting on out-of-date information

 

In Focus Today:

 

CN - Chinese Caixin Services

US - Non Farm Payrolls

US - Unemployment Rate

US - ISM Non Manufacturing PMI

 

Todays's Ex Dividends:

 

UK 100 :

 

DS Smith

 

:

 

Cineworld

Direct Line Group

4Imprint

 

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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