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Morning Report - 10 July 2020

Wednesday’s UK 100 Leaders Price (p) % Chg
Persimmon 2589 6.41%
Berkeley Group 4400 3.8%
GVC Holdings 834.8 3.09%
Barratt Developments 532.2 1.95%
Antofagasta 989.2 1.94%
Wednesday’s UK 100 Laggards Price (p) % Chg
Rolls Royce 256.3 -10.95%
National Grid 850 -5.47%
BP 290 -4.43%
Whitbread 2164 -4.33%
British American Tobacco 2920 -4.22%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 6,050 -1.7% -19.7%
DOW JONES INDUS. AVG 25,706 -1.4% -4.0%
DAX INDEX 12,489 0.0% 0.4%
NIKKEI 225 22,529 0.4% 4.6%
S&P/ASX 200 INDEX 5,955 0.6% -11.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 39.53 -3.35%
Brent Crude (ICE) USD/bbl. 42.33 -2.22%
Gold Spot USD/t oz. 1,804 -0.3%
Copper (Comex) USd/lb. 284 0.6%
UK 100 called to open -50 points this morning at 6008.

4 hours; 5 months

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Markets Overview:

 

UK 100 called to open -50 points this morning at 6008. The sharp rise in new COVID-19 cases sparked concerns that new lockdowns could derail an economic recovery as a record-breaking surge of coronavirus cases hit several US states..  The UK 100 looks set to test the 6000 level having broken below rising support overnight as Asian markets were this morning in the red, with Japan’s Nikkei 225 off 145 points at 22,384 and Hong Kong’s Hang Seng index down 455 points at 25,755.  With the US results season about to start in earnest next week, US indices had a rough day yesterday with the Dow Jones off 361 points at 25,706 and the S&P 500 18 points lower at 3,152. The NASDAQ once again bucked the trend rising 55 points to 10,548.

 

Company News:

 

Boohoo announces that the Trustee of the Group's Employee Benefit Trust has now completed the purchase of 9,914,409 shares at an average price of 255.84p.

 

Restaurant Group says they've extended the term of their current revolving credit facility by 6 months to 30th June 2022. Current re-opening plans for group are to have around 25% of total estate operational by end of July, increasing to 90% by end of September.

 

Senior has laid off another 12% of its staff and has forecast a drop in revenue of around 30% in H1 2020 as it deals with a steep downturn in the areospace industry.

 

 

Reporting Today:

 

None

 

Reporting Monday:

 

Centamin

 

 

In Focus Today:

 

EU - ECONFIN Meeting

 

US - Producer Price Index

 

Next Week's Ex Dividends:

 

UK 100:

 

None

 

UK 250:

 

F&C Investment Trust

Hipgnosis Songs Fund

Liontrust Asset Management

 

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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