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Morning Report - 20 December 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Ocado Group PLC 758.8 4.2%
Anglo American PLC 1,891.2 3.8%
Entain PLC 1,014.5 3.8%
Fresnillo PLC 575.4 3.7%
Flutter Entertainment PLC 13,870.0 3.2%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Burberry Group PLC 1,476.0 -2.5%
St. James’s Place PLC 673.6 -1.1%
Beazley PLC 527.5 -1.0%
Unite Group PLC 1,028.0 -0.7%
Gsk PLC 1,433.0 -0.7%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,637 0.3% 3.5%
DOW JONES INDUS. AVG 37,528 0.6% 14.4%
DAX INDEX 16,744 0.6% 19.9%
NIKKEI 225 33,219 1.4% 25.0%
S&P/ASX 200 INDEX 7,489 0.8% 6.6%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 73.46 1.37%
Brent Crude (ICE) USD/bbl. 79.10 1.48%
Gold Spot USD/t oz. 2,045 0.9%
Copper (Comex) USd/lb. 391 1.5%
The UK 100 called to open +7 points at 7,621

4 hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +85 points at 7,727.   The UK 100 is expected to open sharply higher after a big fall in annual rate of inflation in November.   The Consumer Prices Index rose by 3.9% in the 12 months to November down from 4.6% in October, well below expectations of 4.3%, figures from the Office for National Statistics showed.  On Wall Street yesterday, The S&P rose Tuesday, approaching its record high, as the Federal Reserve’s recent dovish shift on rates lifted stocks.  The broad market index gained 0.59% to 4,768.37. With Tuesday’s gain, the S&P 500 is about 0.6% from surpassing its record close and 1% from equalling its intraday record, both set in January 2022. The Dow Jones rose 251.90 points, or 0.68%, to 37,557.92. The Nasdaq  advanced 0.66% to 15,003.22. It was the first time the tech-heavy index closed above the 15,000 level since January 2022.

 

Company News & Broker Comments:

Company News:

Anglo American plc announces the value of rough diamond sales for De Beers’ tenth sales cycle of 2023, amounting to $130 million.

 

 

John Wood Group PLC today announces the changes to its Executive Committee with the appointment of two new executive leaders.  Marla Storm and Michael Rasmuson will join Wood as Chief Human Resources Officer (CHRO) and Group General Counsel respectively. These appointments follow the retirement of Wood’s current human resources leader, Lesley Birse, and its current Group General Counsel and Company Secretary, Martin McIntyre, who will remain as Company Secretary until a successor for this role is appointed.

 

 

Broker Comments:

 No New Broker Comments

Reporting Today:

UK

 

Hipgnosis Songs Fund

 

 

US

 

Micron Technology

Reporting Tomorrow:

UK

 

Carnival

JP Morgan Indiam Investment Trust

 

US

 

 

Nike

 

 

In Focus Today:

PBoC Interest Rate Decision

UK Consumer Price Index

UK Core Consumer Price Index

UK PPI Core Output

UK Retail Price Index

German Gfk Consumer Confidence Survey

German Producer Price Index

US Consumer Confidence

US Existing Home Sales Change

EU Consumer Confidence

 

 

Tomorrow’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

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