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Morning Report - 6 October 2020

Monday’s UK 100 Leaders Price (p) % Chg
ROLLS-ROYCE HOLDINGS PLC 123.4 8.6%
MELROSE INDUSTRIES PLC 123.6 5.9%
VODAFONE GROUP PLC 107.7 4.7%
BARRATT DEVELOPMENTS PLC 511.4 4.1%
WPP PLC 648.6 3.7%

 

Monday’s UK 100 Laggards Price (p) % Chg
RECKITT BENCKISER GROUP PLC 7492.0 -2.4%
MONDI PLC 1690.0 -1.6%
SEVERN TRENT PLC 2492.0 -1.4%
PEARSON PLC 552.2 -1.1%
EVRAZ PLC 346.4 -1.0%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 5,943 0.7% -16.9%
DOW JONES INDUS. AVG 28,149 1.7% 5.9%
DAX INDEX 12,828 1.1% 6.8%
NIKKEI 225 23,312 1.2% 8.9%
S&P/ASX 200 INDEX 5,942 2.6% -8.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 39.37 6.26%
Brent Crude (ICE) USD/bbl. 41.47 5.60%
Gold Spot USD/t oz. 1,914 0.7%
Copper (Comex) USd/lb. 296 -0.5%

 

UK 100 called to open +5 points this morning at 5947. 

2 hours; 4 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +5 points this morning at 5947.  A positive open is expected today as the UK 100 looks on track to extend gains after a bullish Wall Street session. This comes as Donald Trump was discharged from hospital and prospects for a fresh US stimulus package brightened. The Dow Jones jumped nearly 466 points or 1.7% to 28,148.64, while the S&P 500 leapt 1.8% and the tech driven Nasdaq surpassed them both with a 2.3% surge. It was also a positive day during Asian trading sessions, Hong Kong’s Hang Seng index advanced 0.84% and in Japan, the Nikkei 225 rose 0.53%.

 

Company News:

 

Ferrexpo says 9 month pellet production is up 3% to 8.1MT.

 

Premier Oil and Harbour announce they have reached an agreement with Harbour's UK operating company Chrysaor, regarding a proposed all share merger between Premier and Chrysaor. The transaction is expected to result in Premier's stakeholders owning up to 23% of the combined group and Harbour and other Chrysaor shareholders owning at least 77%.

 

Restaurant Group withdraws all previous guidance as they post H1 loss before tax of £47.5m (2019: £28.1m profit) due to the impact of coronavirus and government-imposed restrictions.

Reporting Today:

 

Air France-KLM

EasyJet

Ferrexpo

Levi Strauss & Company

 

 

Reporting Wednesday:

 

Tesco

 

 

In Focus Today:

 

German Factory Orders

Eurozone EcoFin Meeting

US Trade Balance

 

 

This Week'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

 

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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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