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Morning Report - 2 October 2020

Thursday’s UK 100 Leaders Price (p) % Chg
MELROSE INDUSTRIES PLC 120.2 4.1%
SSE PLC 1,254.0 3.8%
DS SMITH PLC 305.0 3.5%
MONDI PLC 1,692.0 3.2%
STANDARD LIFE ABERDEEN PLC 233.2 3.2%
Thursday’s UK 100 Laggards Price (p) % Chg
ROLLS-ROYCE HOLDINGS PLC 116.8 -10.2%
DCC PLC 5610.0 -6.6%
ROYAL DUTCH SHELL PLC-A SHS 928.0 -3.7%
ROYAL DUTCH SHELL PLC-B SHS 907.3 -3.5%
BP PLC 218.2 -3.1%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 5,879 0.2% -20.1%
DOW JONES INDUS. AVG 27,817 0.1% 4.7%
DAX INDEX 12,731 -0.2% 3.8%
NIKKEI 225 23,185 0.0% 6.5%
S&P/ASX 200 INDEX 5,873 1.0% -11.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 38.69 -3.80%
Brent Crude (ICE) USD/bbl. 40.87 -3.38%
Gold Spot USD/t oz. 1,905 1.0%
Copper (Comex) USd/lb. 288 -5.1%
UK 100 called to open -54 points this morning at 5824

2 hours; 4 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open -54 points this morning at 5824. Cutting to the chase. Donald Trump and his wife Melania have tested positive for Covid-19. Markets sunk over night and futures have fallen on this news as an already unstable market will now be dogged by even more uncertainty. The president will begin his quarantine immediately. Asia erased earlier gains, as the Tokyo stock exchange reopened after being closed for a day after a technical glitch. Markets had been choppy early after a spate of data, including jobless claims and consumer spending, which suggested that the U.S. economic recovery could be losing steam. This is in contrast to recent days as investors had been watching for clues to further fiscal stimulus from the US, which had edged markets up. Gold was down 0.55% at $1894 per ounce whilst oil was down nearly 1% (Brent $40.54 and US Crude $38.34).

Company News:

Centamin announces that it has dedected movement in a localised area of waste material in the Sukari open pit stage 4 west wall and has decided to immediately defer open pit mining operations in this zone. The area contains circa 90,000 ounces of Gold.
 
IAG confirm that they have sold 100% of the shares in its 2.74bn Euro capital increase, which will help strengthen its pandemic-hit finances.

 

Reporting Today:

 

None

 

Reporting Monday:

 

None

 

In Focus Today:

 

US Non Farm Payrolls

 

German Trade Balance

US Unemployment Rate

US Factory Orders

 

Today's Ex Dividends:

 

UK 100:

 

Spirax-Sarco Engineering

WPP

 

UK 250:

 

Finsbury Growth & Income Trust

PZ Cussons

F&C Investment Trust

QinetiQ Group

888 Holdings

 

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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