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Morning Report - 23 September 2020

Tuesday’s UK 100 Leaders Price (p) % Chg
KINGFISHER PLC 290.9 9.9%
INTL CONSOLIDATED AIRLINE-DI 102.0 4.9%
BRITISH AMERICAN TOBACCO PLC 2,733.0 4.1%
NATWEST GROUP PLC 96.5 3.4%
IMPERIAL BRANDS PLC 1,384.0 3.2%
Tuesday’s UK 100 Laggards Price (p) % Chg
HIKMA PHARMACEUTICALS PLC 2470.0 -4.5%
RSA INSURANCE GROUP PLC 452.9 -4.0%
WHITBREAD PLC 2049.0 -2.9%
ADMIRAL GROUP PLC 2700.0 -2.7%
BARRATT DEVELOPMENTS PLC 432.6 -2.4%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 5,829 0.4% -20.6%
DOW JONES INDUS. AVG 27,288 0.5% 1.3%
DAX INDEX 12,594 0.4% 1.0%
NIKKEI 225 23,360 0.2% 5.8%
S&P/ASX 200 INDEX 5,784 -0.7% -14.3%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 39.60 0.74%
Brent Crude (ICE) USD/bbl. 41.72 0.68%
Gold Spot USD/t oz. 1,900 0.0%
Copper (Comex) USd/lb. 307 1.3%

 

UK 100 called to open +47 points this morning at 5907

2 hours; 4 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +47 points this morning at 5901. Asian markets overnight struggled for any gains as the dollar rose last night to two-month highs, as continued worries about the global pandemic recovery led investors to safety havens. However there was a slight shining light in the form of Asian Business Sentiment rebounding in Q3, jumping to 53 from an 11-year low of 35 in Q2. It also remained above the key 50 mark, which indicates a positive outlook. In the UK, as reported before, the Prime Minister re-introduced measures to curb the spread of COVID-19, which he said could remain in place for the next 6 months. There was also slight good good news regarding US stimulus last night, as policymakers opened the door for further aid for small businesses hit by the pandemic. There were differences on how broad it would be however, and how long it would extend. Oil fell last night after US crude inventories rose against expectations. Brent was down 30 cents at $41.42 a barrel while US crude dropped 34 cents to $39.46 per barrel. Gold settled at $1900 an ounce.

 

Company News:

Glencore will spend $356m to extend the life of its copper smelter and refinery in the Australian state of Queensland beyond 2022, after reaching a funding agreement with the state government. They also announce that their Democratic Republic of Congo subsidiary Kamoto Copper Company (KCC) is ramping up to full production and should produce 270,000 tonnes of copper as cathode in 2020.
 
Halma sees their FY2021 adjusted pre-tax profit to be 5-10% lower than this year.
 
PZ Cussons posts a 23% jump in Q1 revenue, driven by demand for its hand wash, sanitiser gels and soaps due to the COVID-19 pandemic. Adjusted profit before tax fell to £62m (2019: £72.3m).
SSP Group sees their H2 2020 overall net cash usage being between £250-270m.

Reporting Today:

 

Origin Enterprises

Allergy Theraputics

Mission Marketing Group

Strix Group

 

Reporting Wednesday:

 

United Utilities 

Hansard Global

Portmeirion Group

 

In Focus Today:

 

US Markit Manufacturing PMI

Eurozone Markit Manufacturing PMI

German Manufacturing PMI

BoJ Monetary Policy Meeting Minutes

 

Tomorrow's Ex Dividends:

 

UK 100:

 

Hargreaves Lansdown

Morrison (Wm.) Supermarkets

 

UK 250:

 

IG Group Holdings

Ferrexpo

Law Debenture Corporation

Fidelity European Values

Mercantile Investment Trust

HgCapital Trust

John Laing Group

Computacenter

 

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