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Morning Report - 4 June 2020

Yesterday’s UK100 Leaders Price (p) % Chg
INTL CONSOLIDATED AIRLINE-DI 279.2 11.4%
ROLLS-ROYCE HOLDINGS PLC 328.2 9.3%
EASYJET PLC 784.4 8.3%
PRUDENTIAL PLC 1,185.0 7.9%
WHITBREAD PLC 2,651.0 7.2%
Yesterday’s UK100 Laggards Price (p) % Chg
POLYMETAL INTERNATIONAL PLC 1498.0 -6.6%
FRESNILLO PLC 746.8 -5.9%
HARGREAVES LANSDOWN PLC 1694.5 -3.1%
ASHTEAD GROUP PLC 2479.0 -1.0%
ANTOFAGASTA PLC 903.6 -0.3%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 6,382 2.6% -11.2%
DOW JONES INDUS. AVG 26,270 2.1% 5.8%
DAX INDEX 12,487 3.9% 5.9%
NIKKEI 225 22,614 1.3% 10.8%
S&P/ASX 200 INDEX 5,942 1.8% -6.0%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 36.75 -0.16%
Brent Crude (ICE) USD/bbl. 39.50 -0.18%
Gold Spot USD/t oz. 1,700 0.0%
Copper (Comex) USd/lb. 248 -0.3%
UK 100 called to open +15 points at 6181.

4 hours; 3 months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open -30 points at 6350.  Wall Street and Asian markets continued to advance overnight as traders gear up for another European Central Bank council meeting and the latest coronavirus blighted US jobs data.  New York, the Dow Jones Industrials Average ended 527 points, or 2.1% higher at 26,269, while the broader S&P 500 index gained 1.4%, and the tech-laden Nasdaq Composite added 0.8%, while in Asia today, with Hong Kong’s Hang Seng index losing 0.5%, while Tokyo’s Nikkei 225 index shed 0.6%.  Oil retreated after briefly jumping above $40 a barrel, the highest since March

 

Company News:

 

Aston Martin announces that they plan to shed 500 jobs as it seeks to bring its cost base into line with reduced sports car production levels.

 

Fevertree announce that their on-trade sales (which represents 50% of UK revenue) have been severely affected by COVID-19, however their off-trade sales in the first full month of lockdown were +24% y-o-y. They state coronavirus will have a material impact on FY 2020 trading.

 

Lookers announce that they are planning to make around 1,500 redundancies across their business, as part of a restructure which will see 12 sites closed. This is estimated to produce annual savings of £50m.

 

Reporting Today:

 

Autotrader

Pennon Group

Renewi

Allied Minds

Go-Ahead Group

 

Reporting Tomorrow:

 

Workspace Group

 

In Focus Today:

 

EU- Eurozone Retail Sales

EU - ECB Interest Rate Decision

US - Initial Jobless Claims

EU - Monetary Policy Statement

 

Today's Ex Dividends:

 

UK 100:

 

Scottish Mortgage IT

 

UK 250:

 

ContourGlobal

HICL Infrastructure

Alliance Trust

AJ Bell

 

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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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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