Market Outlook

Morning Market Update


UK government considers second national lockdown as R-rate jumps to 1.1-1.4

Rishi Sunak weighs extending COVID-19 loans to support businesses

Rightmove House Price Index (MoM) for September rises to 0.2% vs -0.2% previously

Superdry shares tumble as full-year sales drop by almost a fifth

Informa downgrades full-year revenue forecast amid pandemic

Tom Bonney
Posted Mon 21 September 2020
by Tom Bonney


FTSE tumbles amid concerns of a second lockdown:

  • Asian indices were down, Shanghai’s CSI 300 fell 0.96% to 4,691 pts, S&P/ASX200 shed 0.71% to 5,823 pts, and KOSPI was down 0.95% to 2,389 pts
  • FTSE tumbles as Boris considers second lockdown, FTSE100 is down 2.7% to 5,856 pts, Nasdaq futures are down 0.8% to 10,835 pts, and S&P500 futures are down 0.8% to 3,291 pts

Superdry’s full-year sales fall by a fifth and Informa downgrades full-year sales:

  • Superdry shares are down 11.3% to 134.8 pts after reporting a 19.2% fall in full-year sales to £704.4m
  • Exhibitions organiser Informa downgraded full-year sales forecast to £1.7bn from £2bn but said China is back to “operating capacity”. Informa is down 2.7% to 370 pts

Pound falls amid concerns of a second lockdown:

  • GBP/USD is down 0.3% to $1.288 as Boris considers a second lockdown
  • EUR/USD is down 0.13% to $1.1826 with the US Dollar Basket up 0.13%
  • USD/JPY is down 0.35% to ¥104.19

Commodities fall as US Dollar gains:

  • Gold is down 0.15% to $1947 per ounce and Silver is down 0.5% to $26.65 per ounce
  • WTI is down 2.2% to $40.39 a barrel and Brent Crude is down 1.9% to $42.68 a barrel

Bond yields are mixed awaiting further market developments:

  • UK 2-Yr is -0.017 to -0.123% and 10-Yr is -0.023 to 0.162%
  • US 2-Yr is -0.002 to 0.137% and 10-Yr is -0.028 to 0.666%
  • German 2-Yr is -0.009 to -0.699% and 10-Yr is -0.023 to -0.506%

To come:

We have Chicago Fed National Activity Index for August at 13:30GMT, as well as Canadian House Price Index for August.


Sources: Reuters, Financial Times, Wall Street Journal, CNBC and Bloomberg

Please be aware that prices are only indicative, and although best efforts are made to ensure that information we provide is accurate and up-to date, occasionally unintended errors and misprints may occur. Please exercise due diligence and understand the risks involved with investments, as the information provided will not address your particular circumstances, objectives and attitude towards risk. InAgent will not be held liable for losses arising from use of the information provided.

This website uses cookies to ensure you get the best experience. Read more › I consent