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Morning Report - 27 April 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
TAYLOR WIMPEY PLC 151.6 2.5%
RSA INSURANCE GROUP PLC 347.2 2.2%
RECKITT BENCKISER GROUP PLC 6,534.0 2.0%
INTERMEDIATE CAPITAL GROUP 1,030.0 1.9%
BUNZL PLC 1,719.5 1.8%
Yesterday’s UK 100 Laggards Price (p) % Chg
INTERTEK GROUP PLC 4726.0 -6.5%
COMPASS GROUP PLC 1266.5 -6.0%
WHITBREAD PLC 2651.0 -5.1%
MEGGITT PLC 253.2 -4.2%
AVEVA GROUP PLC 3241.0 -4.2%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 5,752 -1.3% -22.6%
DOW JONES INDUS. AVG 23,775 1.1% -10.4%
DAX INDEX 10,336 -1.7% -16.1%
NIKKEI 225 19,783 2.7% -11.1%
S&P/ASX 200 INDEX 5,321 1.5% -16.7%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 16.94 2.67%
Brent Crude (ICE) USD/bbl. 21.44 0.52%
Gold Spot USD/t oz. 1,730 -0.1%
Copper (Comex) USd/lb. 234 0.8%

 

UK 100 called to open +80 points points at 5830

1 hour; 2 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +80 points points at 5830.  Global stocks started the week with gains amid signs of positive developments in the fight against the coronavirus and a boost to stimulus measures from the Bank of Japan. The dollar retreated. Asian shares climbed, U.S. futures reversed earlier losses to trade higher and European contracts pushed up.  Global coronavirus cases approached the 3 million mark, though Spain and France reported the fewest deaths in more than a month and the rise in U.S. infections trailed the one-week average. Italy will ease its lockdown in just over a week, a key test in efforts across Europe to broadly restart public life. New York, the center of the U.S. outbreak, outlined reopening plans.  Boris Johnson returns to work for the first time in a fortnight with one key item at the top of his in-tray: when will he let Britain do so? The prime minister will chair the government’s Monday morning meeting to coordinate efforts to tackle the virus.  Oil dropped back below $16 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output. Futures in New York slid as much as 10%, snapping a four-day gain. While U.S. drilling is sliding and Saudi Arabia has started reducing output ahead of the start date for OPEC+ supply cuts.

 

Company News:

 

Admiral Group is recommending an unchanged normal dividend of 56.3p (payable on 1st June 2020), but is suspending its special dividend payment of 20.7p.

 

Ashtead trading update now expects underlying profit before tax for the year ending 30 April 2020 to be around £1,050m. They have also cut capital expenditure for the year ahead to £500m, from a range of £1.1-1.3bn pre-coronavirus. They have also decided to pause their share buyback programme

 

Wizz Air have announced it would restart some flights from London's Luton Airport on May 1, becoming one of the first European carriers to begin to restore services which have been grounded during the coronavirus pandemic.

 

Reporting Today:

 

SIG

 

Reporting Tomorrow:

 

BP

 

In Focus Today:

 

EU - Industrial Confidence

EU - Business Climate Indicator

EU - Consumer Confidence

 

This 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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