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Morning Report - 24 April 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
TAYLOR WIMPEY PLC 147.8 9.4%
BARRATT DEVELOPMENTS PLC 515.8 8.7%
PERSIMMON PLC 2,189.0 8.4%
EVRAZ PLC 254.9 6.7%
MEGGITT PLC 264.4 6.7%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
SAINSBURY (J) PLC 198.9 -3.0%
AVEVA GROUP PLC 3382.0 -2.6%
TESCO PLC 234.7 -2.3%
JUST EAT TAKEAWAY 7726.0 -2.2%
ASSOCIATED BRITISH FOODS PLC 1879.0 -2.1%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 5,827 1.0% -22.0%
DOW JONES INDUS. AVG 23,515 0.2% -11.6%
DAX INDEX 10,514 1.0% -14.1%
NIKKEI 225 19,262 -0.9% -13.2%
S&P/ASX 200 INDEX 5,243 0.5% -17.9%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 17.06 23.80%
Brent Crude (ICE) USD/bbl. 21.83 7.17%
Gold Spot USD/t oz. 1,732 1.1%
Copper (Comex) USd/lb. 232 0.5%
UK 100 called to open -75 points points at 5750

1 hour; 2 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open -75 points points at 5750.  This comes as The U.K. economy contracted at the fastest pace in at least 20 years this month as the coronavirus lockdown brought commerce to a standstill. IHS Markit’s Purchasing Managers Index for output fell to 12.9 from 36 in March. Services shrank at a faster pace than manufacturing, though all readings were at a record low. The figures show the downturn is bigger than the financial crisis a decade ago.  Asian stocks slipped Friday as investors weighed signs of progress in the fight against the coronavirus versus mounting data showing the severity of the impact on economies. Benchmarks were down from Tokyo and Seoul to Shanghai and Hong Kong, though Sydney gained. Futures on the S&P 500 fell after the index erased a 1.6% gain Thursday.  After a dramatic week that saw prices plunge below zero for the first time in history, oil continued to claw back losses as attention turned to output cuts in response to the demand hit from coronavirus lockdowns.

 

Company News:

 

AstraZeneca Lynparza drug demonstrated overall survival benefit in Phase III PRO found trial or BRCA1/2 or ATM-mutated metastatic castration-resistant prostate cancer.

 

Dart Group reports group profit (for the trading year ended 31 March 2020) of between £265-270m an increase of 49% on the prior year's trading.

 

Pearson has reported that its Q1 2020 revenue declined 5% driven by the COVID-19 pandemic. This has subsequently caused the closure of schools and assessment centres and said it could see a bigger hit if social distancing measures are prolonged globally.

 

Reporting Today:

 

ITV

Pearson

Senior

St. Modwen Properties

Mondi

 

Reporting Tomorrow:

 

SIG

 

 

In Focus Today:

 

US - New Home Sales

US - Us Initial Jobless Claims

 

Next Week's Ex Dividends:

 

UK 100 :

 

London Stock Exchange Group

 

:

 

Ferrexpo

Centemin

Derwent London

 

 

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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