Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 7 July 2020

Monday’s UK 100 Leaders Price (p) % Chg
Barratt Developments PLC 529.4 8.0%
Rolls Royce Holdings PLC 280.9 6.7%
HSBC Holdings PLC 408.7 6.6%
Persimmon PLC 2,398.0 6.2%
Scottish Mortgage Investment Trust 898.0 5.2%

 

Monday’s UK 100 Laggards Price (p) % Chg
BT Group PLC 109.5 -1.7%
ITV PLC 70.8 -1.5%
Tesco PLC 218.9 -1.2%
DS Smith 288.2 -1.1%
Sainsbury PLC 195.7 -0.8%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 6,286 2.1% -16.8%
DOW JONES INDUS. AVG 26,287 1.8% -2.5%
DAX INDEX 12,733 1.6% 1.3%
NIKKEI 225 22,714 1.8% 4.5%
S&P/ASX 200 INDEX 6,015 -0.7% -10.9%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 40.63 -0.05%
Brent Crude (ICE) USD/bbl. 43.13 0.77%
Gold Spot USD/t oz. 1,785 0.0%
Copper (Comex) USd/lb. 277 1.0%
UK 100 called to open -44 points this morning at 6244

4 hours; 4 months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open -44 points this morning at 6244. Asia was largely down last night after a surge was sparked by speculation Beijing is trying to generate a major domestic bull run to the economy which has been ravaged by the coronavirus and a Texas-style standoff with the US. This has now moved beyond trade, and also includes the issues of Hong Kong, a signal that China is aiming to reduce it dependence on the West. Japan was down 0.7% last night, as US futures fell 0.3% after Monday's gain on Chinese shares. Over the pond, European futures also are in the red as fear grips investors about the impact on the global economy of rising coronavirus cases in the US even though recent data suggests the opposite. Oil pulled back after earlier gains whilst Gold held near an 8-year peak at $1783.3 per ounce.

 

Company News:

JD Sports sees weaker traffic numbers after re-opening. Profit before tax jumped 24% to £438.8m for the year ended Feb 1, before the lockdown hammered its customer numbers.

 

Micro Focus records a HY goodwill impairment charge of $922.2m, generating a HY operating loss of $906.7m (2019: profit of $32.6m). They continue to believe there will be further disruption to new sales activity and timing pressure on renewals.

 

Plus 500 announce that David Zruia has been appointed as their permanent CEO.

 

Reckitt Benckiser has stated that the U.S. Environmental Protection Agency (EPA) has approved the use of its Lysol disinfectant spray against COVID-19.

 

Whitbread reports Q1 sales slump 79% as they begin to re-open hotels post coronavirus lockdown. They expect to have most of them re-opened by the end of July. Demand for its hotel rooms in tourist destinations are holding up well while demand in other areas including London remained subdued.

 

 

 

 

Reporting Today:

 

JD Sports Fashion

Halfords

Micro Focus

Electrocomponants

Reach PLC

 

Reporting Tuesday:

 

Barratt Developments

Liontrust Asset Management

U&I Group

 

In Focus Today:

 

GER - 10 Year Bond Auction

 

 

This Weeks's Ex Dividends:

 

UK 100:

 

Aveva Group

British American Tobacco

 

UK 250:

 

Sirius Real Estate Trust

TalkTalk Telecom Group

Telecom Plus

Safestore Holdings

BMO Global Samller Companies

 

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.


Back to Top

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.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.