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Morning Report - 21 July 2020

Monday’s UK 100 Leaders Price (p) % Chg
Aveva Group 4,194 2.77%
Polymetal International 1,655 2.54%
Rightmove 586.4 2.12%
Hargreaves Lansdown 1,589 1.86%
Avast 596.5 1.79%
Monday’s UK 100 Laggards Price (p) % Chg
International Consolidated Airlines Group 211 -3.61%
ITV 64.6 -3.32%
British American Tobacco 2,705.5 -2.85%
Prudential 1,218 -2.75%
Burberry Group 1,425.5 -2.56%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 6,262 -0.5% -16.6%
DOW JONES INDUS. AVG 26,681 0.0% -1.7%
DAX INDEX 13,047 1.0% 6.4%
NIKKEI 225 22,717 0.1% 5.8%
S&P/ASX 200 INDEX 6,002 -0.5% -10.4%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 40.74 0.37%
Brent Crude (ICE) USD/bbl. 43.23 0.21%
Gold Spot USD/t oz. 1,818 0.4%
Copper (Comex) USd/lb. 292 0.6%
UK 100 called to open +50 points this morning at 6306.

4 hours; 2 months

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Markets Overview:

 

UK 100 called to open +50 points this morning at 6306.  Calls for a positive open come as European leaders reached agreement on a €750bn pandemic recovery fund. This follows yesterdays bounce back rally, seeing the Dow Jones close the day 22 points higher at 26,694 having spent the majority of the day in the doldrums, driven higher as earnings season continued with strong numbers from tech stocks Microsoft who closed out the day 4.29% higher and Tesla who closed out the session at fresh record highs 9.47% higher.  This paired with the  The S&P 500 rising 19 points, or 0.6%, to 3,243 & the Nasdaq gaining 226 points, or 2.2%, to 10,729, completed an all green day stateside.

 

Company News:

 

Astrazeneca an experimental vaccine being developed by themselves and Oxford University against COVID-19 has produced an immune response in early-stage clinical trials, preserving hopes it could be in use by the end of the year.

 

BHP Group posted a +7% rise in Q4 iron ore output, but warned the resurgence of COVID-19 outbreaks threatened the short-term demand outlook for its key commodities and widened its production guidance range for next year.

 

GVC Holdings have stated that Britian's tax regulator has widened its investigation into the gambling company's former Turkish online business to include unidentified entities within the London-listed group. This is directed at former third-party suppliers over processing of payments at the business GVC disposed of in December 2017.

 

Ted Baker sales drop as virus hits high street shops, following store closures due to coronavirus induced lockdowns. They reported a 55% fall in group revenue to £60.9m for the quarter and have continued to withhold forecasts for the current financial year.

 

Reporting Today:

 

Intermediate Capital Group

 

 

Reporting Wednesday:

 

Stagecoach

Close Brothers

Melrose Industries

St Modwen Properties

 

 

In Focus Today:

 

UK - Public Sector Net Borrowing

US - Chicago Fed National Activity Index

 

This Weeks's Ex Dividends:

 

UK 100:

 

Pennon Group

SSE

 

UK 250:

 

Cranswick

Bankers Investment Trust

Sequoia Economic Infastructure Inc Fund

 

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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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