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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| EVRAZ PLC | 228.8 | 12.5% |
| BHP GROUP PLC | 1,054.0 | 12.2% |
| RIO TINTO PLC | 3,274.0 | 10.3% |
| OCADO GROUP PLC | 1,183.0 | 9.8% |
| HARGREAVES LANSDOWN PLC | 1,320.5 | 9.0% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| CARNIVAL PLC | 1161.0 | -9.9% |
| TUI AG-DI | 360.0 | -6.5% |
| TAYLOR WIMPEY PLC | 148.6 | -5.2% |
| BARRATT DEVELOPMENTS PLC | 526.6 | -5.1% |
| JD SPORTS FASHION PLC | 512.6 | -4.8% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 5,366 | 2.5% | -25.8% |
| DOW JONES INDUS. AVG | 23,186 | 9.4% | -10.3% |
| DAX INDEX | 9,232 | 0.8% | -21.0% |
| NIKKEI 225 | 17,002 | -2.5% | -20.7% |
| S&P/ASX 200 INDEX | 5,002 | -9.7% | -19.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 30.37 | -4.29% |
| Brent Crude (ICE) | USD/bbl. | 31.81 | -6.03% |
| Gold Spot | USD/t oz. | 1,536 | 0.4% |
| Copper (Comex) | USd/lb. | 241 | -2.3% |
Click graph to enlarge
UK 100 called to open -309 points at 5057. Treasuries surged and U.S. equity futures tumbled at the start of another volatile week as investors responded to a rapidly escalating economic hit from the coronavirus and a massive emergency move by the Federal Reserve to ease policy. China suffered an even deeper slump than analysts feared at the start of the year as the coronavirus shuttered factories, shops and restaurants across the nation, underscoring the fallout now facing the global economy as the virus spreads around the world. Industrial output plunged 13.5% in January and February from a year earlier & retail sales fell 20.5%. The Nikkei dropped by 2.46% in trading, the Hang Seng, by 4.5% & the Chinese CSI by 4.3% respectively. Oil once again tumbled, falling another 8% over the weekend to trade at $31 per barrel. Gold Rebounded from lows to trade at $1536, $150 off last weeks highs.
Associated British Foods announced today that for the first half, adjusted operating profit will be ahead of previous expectations, mainly due to higher margins for Primark and Grocery. As a result, adjusted earnings per share for the first half will now be ahead of last year on both a lease-adjusted and a reported basis.
IAG this morning said is implementing further initiatives in response Covid-19 impact. Capacity, in terms of available seat kilometres, in the first quarter of 2020 is now expected to be reduced by around 7.5 per cent compared to last year. For April and May, the Group plans to reduce capacity by at least 75 per cent compared to the same period in 2019.
Plus 500 said today that following their Trading Update issued on 28 February 2020, the Company has continued to see a significantly increased level of customer trading activity alongside strong momentum across all financial and operational KPIs. Revenue from Customer Income has been very strong due to the heightened levels of market volatility.
Rio Tinto provided an update on Oyu Tolgoi project. They said work on the Underground Project continues, however, progress is being slowed as a result of restrictions caused by Covid-19. There is restricted access for teams from Rio Tinto, Oyu Tolgoi and construction partners to oversee development and provide specialist technical services. The availability of specialist service providers at the site is essential to safely continue work on technical activities such as the headframe commissioning of Shafts 3 and 4.
EU - Eurogroup Meeting
CN - Chinese Industrial Production
UK 100 :
British Land
Royal Bank Of Scotland
Pearson
British American Tobacco
Schroders
Prudential
:
Go-Ahead Group
Admiral Downgraded to Underperform by RBC Capital Markets (Bloomberg: 8 Buys / 13 Holds / 3 Sells)
Bodycote Upgraded to Buy by Stifel (Bloomberg: 4 Buys / 7 Holds / 5 Sells)
BP Downgraded to Underperform by RBC Capital Markets (Bloomberg: 17 Buys / 8 Holds / 2 Sells)
BP Downgraded to Hold by Jefferies (Bloomberg: 17 Buys / 8 Holds / 2 Sells)
Cairn Upgraded to Outperform by RBC Capital Markets (Bloomberg: 15 Buys / 3 Holds / 0 Sell)
Ferguson Upgraded to Hold by Morningstar (Bloomberg: 12 Buys / 10 Holds / 3 Sell)
ITV Upgraded to Buy by Shore Capital (Bloomberg: 8 Buys / 9 Holds / 1 Sell)
RELX Upgraded to Overweight/Attractive by Morgan Stanley (Bloomberg: 14 Buys / 7 Holds / 2 Sell)
Royal Bank Of Scotland Upgraded to Buy by HSBC (Bloomberg: 13 Buys / 9 Holds / 2 Sell)
Royal Dutch Shell Downgraded to Hold by Jefferies (Bloomberg: 14 Buys / 10 Holds / 2 Sells)
Sainsbury Upgraded to Buy by Jefferies (Bloomberg: 11 Buys / 5 Holds / 3 Sells)
Tullow Oil Downgraded to Underperform by RBC Capital Markets (Bloomberg: 8 Buys / 13 Holds / 3 Sell)
Virgin Money Upgraded to Buy by HSBC (Bloomberg: 15 Buys / 6 Holds / 3 Sell)
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