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Morning Report - 23 June 2020

Monday’s UK 100 Leaders Price (p) % Chg
OCADO GROUP PLC 2,052.0 5.0%
FRESNILLO PLC 814.8 4.5%
KINGFISHER PLC 217.7 4.2%
SAINSBURY (J) PLC 206.6 3.2%
BERKELEY GROUP HOLDINGS/THE 4,431.0 3.0%

 

Monday’s UK 100 Laggards Price (p) % Chg
INTL CONSOLIDATED AIRLINE-DI 259.0 -4.6%
ROLLS-ROYCE HOLDINGS PLC 319.3 -4.5%
DIAGEO PLC 2797.5 -3.5%
GLENCORE PLC 166.2 -3.4%
INTERCONTINENTAL HOTELS GROU 3863.0 -3.3%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 6,245 -0.8% -15.7%
DOW JONES INDUS. AVG 26,025 0.6% -2.6%
DAX INDEX 12,263 -0.6% -0.6%
NIKKEI 225 22,437 -0.2% 5.5%
S&P/ASX 200 INDEX 5,945 0.0% -10.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 40.46 1.79%
Brent Crude (ICE) USD/bbl. 43.08 2.11%
Gold Spot USD/t oz. 1,755 0.0%
Copper (Comex) USd/lb. 266 0.0%
UK 100 called to open +35 points this morning at 6279.

4 hours; 2 months

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Markets Overview:

 

UK 100 called to open +35 points this morning at 6279.  Calls for a positive open this morning come as the markets shrug off concerns that the trade deal between the US and China is off, the White house were quick to deny Trump's trade advisor Peter Navarro claims that the deal was off.  Trump himself tweeted "The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!"  US markets rose higher to start the week, with the Dow Jones rising 153.5 points or 0.6% to 26,024.96, while the S&P 500 gained 0.65% and the tech-focused Nasdaq fizzed up 1.1% to a new all-time high.  Asian shares bounced on Tuesday following the aforementioned  assurance that the US-China trade pact was “fully intact”, following confusing statements from the White House earlier over the fate of the deal.  Brent oill futures are down 0.2% at $42.98, whilst golf trades higher at $1,767.70

 

Company News:

 

Intu Properties says that it has appointed KPMG for a potential administration, as talk continue with creditors on a debt standstill that could hopefully save the company. Intu said that this move was a contingency and that in the event KPMG would need to be funded by interested parties or risk its shopping centers closing.

 

St. James Place expects customer inflows too be similar to that of May (£980m).

 

Royal Bank of Scotland will give business customers another 6 months to take advantage of incentives to switch their accounts to other banks, under the terms of the bank’s crisis-era state aid package.

 

Cranswick reports full-year pretax profit up 20.2% to £104m. A positive start to the new financial year has been seen. Outlook remains unchanged for the year. Dividend proposed of 43.7p.

 

 

Reporting Today:

 

Cranswick

Scappa

 

Reporting Wednesday:

 

Premier Foods

Stagecoach

 

 

In Focus Today:

 

GER - Markit Manufacturing PMI

EU - Markit Composite PMI

UK - Markit Services PMI

 

This Week's Ex Dividends:

 

UK 100:

 

United Utilities

Experian

 

UK 250:

 

Edinburgh Investment Trust

Caledonia Investment

LXI REIT

Law Debenture

Paypoint

 

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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