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Morning Report - 5 August 2020

Tuesday’s UK 100 Leaders Price (p) % Chg
MELROSE INDUSTRIES PLC 96.5 9.4%
BT GROUP PLC 106.1 8.2%
INTL CONSOLIDATED AIRLINE-DI 175.4 7.1%
BP PLC 299.3 6.5%
ROLLS-ROYCE HOLDINGS PLC 245.3 6.5%

 

Tuesday’s UK 100 Laggards Price (p) % Chg
DIAGEO PLC 2721.0 -5.6%
AVAST PLC 570.0 -4.2%
BERKELEY GROUP HOLDINGS/THE 4413.0 -3.2%
LONDON STOCK EXCHANGE GROUP 8438.0 -2.9%
HALMA PLC 2183.0 -2.7%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 6,036 0.1% -18.5%
DOW JONES INDUS. AVG 26,828 0.6% 1.3%
DAX INDEX 12,601 -0.4% 6.1%
NIKKEI 225 22,574 1.7% 7.1%
S&P/ASX 200 INDEX 6,038 1.9% -10.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 41.56 1.34%
Brent Crude (ICE) USD/bbl. 44.35 0.45%
Gold Spot USD/t oz. 2,017 2.0%
Copper (Comex) USd/lb. 290 -0.4%

 

UK 100 called to open +30 points this morning at 6061.

1 hour; 29 days

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Markets Overview:

 

UK 100 called to open +30 points this morning at 6061.  Calls for a positive open come as US Markets were driven over fresh hopes of additional stimulus, after house Speaker Nancy Pelosi, the senate minority leader and White House chief of staff Mark Meadows held “productive” discussions on Monday, but added there are several issues still outstanding. Both sides have indicated they have agreed on an additional $1,200 stimulus, but, no agreement has been met on additional support for unemployed.  All three major US indices closed in the green on Tuesday, with the Dow Jones gaining about 165 points, for its third straight day of gains. The S&P 500 and Nasdaq rose 0.36% and 0.35%, respectively. The Nasdaq closed for a fifth day in a row at record highs.  Gold closed up 1.75% at $2,021, a new record close and its first close above $2,000 ever.  Brent Crude oil closed on Tuesday up 0.63% at $44.43, while WTI crude closed up 1.68% at $41.70, hitting at high of $42.08 its highest level since July 23rd when it traded as high as $42.36.

 

Company News:

 

Coca Cola HBC sees recovery as market reopen, as its performance has recovered steadily from April lows as its markets gradually reopened from coronavirus-led lockdowns. Operating profit fell 35.8% to 208.8m euros for H1 2020, missing consensus.

 

Ferrexpo delivers increased sales and production volumes, resilient financial performance in H1 2020.

 

Legal & General posts a 2% drop in H1 2020 operating profit, hurt by the impact of the coronavirus pandemic. Operating profit fell to £1.13bn (2019: £1.15bn) and net cash generation dropped 14% to £730m. They are to pay an interim dividend for 2020 of 4.93p, the same as a year ago.

 

Metro Bank swings to £240m loss for H1 2020 (2019: £3.4m profit) on pandemic bad loan charges.

 

William Hill reported better-than-expected H1 2020 profit while announcing 119 of its UK betting shops closed by coronavirus lockdowns would not re-open as it combines its online and retail businesses. Operating profit fell to £11.8m (2019: £76.2m) while revenue slumped by just under a third.

 

 

Reporting Today:

 

Hill & Smith

Legal & General

Page Group

William Hill

UDG Healthcare

Ferrexpo

Segro

 

Reporting Thursday:

 

Evraz

Mondi

Savills

Serco

ITV

Aviva

Glencore

Cineworld

 

In Focus Today:

 

CN - Caixin Services PMI

EU - Retail Sales Data

US - Trade Balance

US - ISM Non-Manufacturing PMI

JP - Gross Domestic Product

 

 

Tomorrow's Ex Dividends:

 

UK 100:

 

Unilever

Fresnillo

 

UK 250:

 

Sabre Insurance Group

IMI

HICL Infastructure

Aberforth Smaller Companies Trust

Moneysupermarket Grou

Kainos Group

St. Modwen Properties

Avon Rubber

 

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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