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Home / Morning Report / Morning Report – 15th December 2023

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Morning Report - 15 December 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Ocado Group PLC 718.6 11.6%
Ashtead Group PLC 5,486.0 10.2%
Entain PLC 920.0 8.7%
Croda International PLC 5,132.0 7.8%
Anglo American PLC 1,795.4 7.5%
Yesterday’s UK 100 Laggards Price (p) % Chg
Relx PLC 3,063.0 -3.3%
Admiral Group PLC 2,672.0 -3.1%
Associated British Foods PLC 2,390.0 -2.1%
Severn Trent PLC 2,650.0 -1.9%
Bae Systems PLC 1,046.0 -1.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,649 1.3% 3.0%
DOW JONES INDUS. AVG 37,248 0.4% 12.2%
DAX INDEX 16,752 -0.1% 19.8%
NIKKEI 225 32,971 0.9% 17.5%
S&P/ASX 200 INDEX 7,443 0.9% 3.3%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 71.83 0.35%
Brent Crude (ICE) USD/bbl. 76.88 0.35%
Gold Spot USD/t oz. 2,038 0.1%
Copper (Comex) USd/lb. 389 0.0%
The UK 100 called to open +10 points at 7,659

4 hours; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +10 points at 7,659.  The UK 100 is expected to open marginally higher this morning follow two days of Interest rate decisions from around the globe, The US Federal Reserve, European Central Bank and Bank of England all chose to hold interest rates, but it was the dovish tone of the US Federal Reserve which took the headlines.  On Wall Street yesterday The Dow Jones closed higher on as the 10-year Treasury tumbled below 4% and a surprise gain in retail sales gave investors further confidence 2024 would bring a soft economic landing.  The 30-stock Dow closed at a record high, ending the day up 158 points, or 0.43% at 37,248.35. On Wednesday, it marked its first-ever close above 37,000. The S&P 500 added 0.26% to end the day at 4,719.55, while the Nasdaq gained 0.19% to 14,761.56.

 

Company News & Broker Comments:

Company News:

Naked Wines reports a H1 pretax loss of £9.7m as they reiterate their outlook from their November trading update.

 

Trainline updated that the UK government has decided against creating a Great British Railway ticketing website and app.

 

Broker Comments:

 

Barclays Upgrades Trainline to Equal Weight from Underweight (8 Buys / 1 Hold / 0 Sell)

 

JP Morgan places London Stock Exchange on ‘Analyst Focus List’ (6 Buys / 3 Holds / 0 Sells)

 

RPT/Société Générale Downgrades Centrica to Hold from Buy (6 Buys / 4 Holds / 1 Sell)

Reporting Today:

UK

 

None

 

 

US

 

Darden Restaurants Inc

Reporting Monday:

UK

 

None

 

US

 

None

 

 

In Focus Today:

UK GfK Consumer Confidence

Chinese Industrial Production

Chinese Retail Sales

German HCOB Composite PMI

German HCOB Manufacturing PMI

German HCOB Services PMI

EU HCOB Composite PMI

EU HCOB Manufacturing PMI

EU HCOB Services PMI

US S&P Global/CIPS Composite PMI

US S&P Global/CIPS Composite PMI

US S&P Global/CIPS Services PMI

NY Empire State Manufacturing Index

US Industrial Production

US S&P Global Composite PMI

US S&P Global Manufacturing PMI

US S&P Global Services PMI

UoM 5-year Consumer Inflation Expectation

 

 

Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 21st December 2023:

 

British American Tobacco

Halma

United Utilities Group

 

 

UK 250 companies going ex-dividend on 21st December 2023:

 

 

Britvic

JPMorgan Japanese Investment Trust

abrdn Private Equity Opportunities Trust

IntegraFin Holdings

Mercantile Investment Trust

Law Debenture Corporation

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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