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Morning Report - 3 June 2020

Yesterday’s UK100 Leaders Price (p) % Chg
MEGGITT PLC 312.7 9.3%
BRITISH LAND CO PLC 441.0 8.4%
MELROSE INDUSTRIES PLC 128.9 7.9%
LAND SECURITIES GROUP PLC 655.4 6.0%
BP PLC 328.6 5.7%

 

Yesterday’s UK100 Laggards Price (p) % Chg
HARGREAVES LANSDOWN PLC 1748.5 -4.5%
HIKMA PHARMACEUTICALS PLC 2425.0 -2.7%
OCADO GROUP PLC 2172.0 -2.6%
AVEVA GROUP PLC 3956.0 -2.0%
FRESNILLO PLC 793.6 -2.0%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 6,220 0.9% -13.2%
DOW JONES INDUS. AVG 25,743 1.1% 3.7%
DAX INDEX 12,021 3.8% 2.5%
NIKKEI 225 22,326 1.2% 9.4%
S&P/ASX 200 INDEX 5,835 0.3% -7.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 36.85 3.98%
Brent Crude (ICE) USD/bbl. 39.60 3.34%
Gold Spot USD/t oz. 1,727 -0.7%
Copper (Comex) USd/lb. 249 0.9%
UK 100 called to open +15 points at 6181.

4 hours; 3 months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +70 points at 6290.  Calls for a positive open come after the Chinese economy showed signs of a strong rebound.  The latest Caixin services PMI data showed its first positive reading for four months, rising to 55 in May from 44 in April. Any figure over 50 indicates growth.  This was China's best reading since October 2010.  Japan’s benchmark Nikkei index rose 0.6 percent, while Hong Kong’s Hang Seng added 1.2 percent.. Oil went back above $40 for the first time in almost three months

 

Company News:

 

Chemring Group have stood by its annual targets and raised its dividend as it posted a jump in H1 profits, managing to win new orders from the USA despite the coronavirus crisis. They have a strong order book in place and have delivered a pre-tax profit of £24.2m (2019: £9.9m).

 

SSP Group report revenue -2.7%, like-for-like sales -8.4% and an operating loss of £6.7m for H1 2020 as COVID-19 has had a significant impact on their results.

 

Reporting Today:

 

SSP Group

 

Reporting Tomorrow:

 

SSP Group

 

In Focus Today:

 

CN - Caixin Services PMI

GER - Unemployment

Eurozone - Unemployment

US - ADP Unemployment

US - Non Manufacturing PMI

US - EIA Crude Oil Stocks

 

Tomorrow's Ex Dividends:

 

UK 100:

 

Scottish Mortgage IT

 

UK 250:

 

ContourGlobal

HICL Infrastructure

Alliance Trust

AJ Bell

 

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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