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Morning Report - 13 July 2020

Friday’s UK 100 Leaders Price (p) % Chg
Barclays 117.76 5.18%
Whitbread 2,268 4.81%
Homeserve 1,306 4.40%
Rolls Royce Holdings 266.7 4.06%
Melrose Industries 118.25 4.05%
Friday’s UK 100 Laggards Price (p) % Chg
Hikma Pharmaceuticals 2,105 -1.73%
Burberry 1,550 -1.65%
Associated British Foods 1,945 -1.52%
British American Tobacco 2,878 -1.44%
Intertek Group 5,336 -1.15%

 

Major World Indices Price % Chg 1 Year
FTSE 100 INDEX 6,095 0.8% -18.8%
DOW JONES INDUS. AVG 26,075 1.4% -4.6%
DAX INDEX 12,634 1.2% 2.5%
NIKKEI 225 22,291 -1.1% 2.8%
S&P/ASX 200 INDEX 5,919 -0.6% -11.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 40.55 2.35%
Brent Crude (ICE) USD/bbl. 43.24 2.10%
Gold Spot USD/t oz. 1,799 -0.3%
Copper (Comex) USd/lb. 290 2.1%
UK 100 called to open +75 points this morning at 6170

4 hours; 4 months

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Markets Overview:

 

UK 100 called to open+75 points this morning at 6170.  Driven higher as this week marks the beginning of US earnings season this week is being viewed positively, investors will be hoping for signs of economic recovery to be seen.  Last week saw China's equity markets have their best week for five years amid hopes the world’s second-largest economy is headed for a v-shaped recovery from the pandemic.  This continued overnight as Japan’s Nikkei gained 1.7 percent, whilst the Hang Seng rose by 0.8% and the CSI in China rose 2.3%.  Gold is changing hands for $1,808.50 an ounce, up $6.60 & Brent crude trades at $42.92 a barrel, down 42 cents.

 

Company News:

 

Associated British Foods has said it would not take advantage of the British government scheme to pay employers for bringing back staff from furlough.

 

Centamin reports FY gold production range has narrowed to 510,000-525,000 ounces, with FY cost guidance unchanged between $630-680 per ounce produced. No material disruption to gold production or shipments from COVID-19.

 

G4S announces they expect H1 2020 earnings to be significantly above market consensus as the group has continued to deliver a resilient trading performance during June.

 

 

Reporting Today:

 

Centamin

 

Reporting Tuesday:

 

Halma 

AO World

Ocado Group

 

 

In Focus Today:

 

CN - Chinese Foreign Direct Investment

UK - Bank Of England Governor Bailey Speech

US - Monthly Budget Statement

 

This Week's Ex Dividends:

 

UK 100:

 

None

 

UK 250:

 

F&C Investment Trust

Hipgnosis Songs Fund

Liontrust Asset Management

 

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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