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Morning Report - 27 August 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
JD Sports Fashion PLC 149.3 5.2%
B&M European Value Retail S.A. 452.5 3.1%
Antofagasta PLC 1,878.0 2.7%
Howden Joinery Group PLC 942.5 2.6%
Airtel Africa PLC 115.4 2.5%
Yesterday’s UK 100 Laggards Price (p) % Chg
Melrose Industries PLC General Group PLC 474.7 -7.1%
Sage Group PLC 996.2 -2.0%
Relx PLC 3499.0 -0.6%
Rentokil Initial PLC 483.6 -0.5%
Rio Tinto PLC 4761.5 -0.5%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,328 0.5% 13.5%
DOW JONES INDUS. AVG 41,241 0.2% 20.1%
DAX INDEX 18,617 -0.1% 19.1%
NIKKEI 225 38,289 0.5% 21.1%
S&P/ASX 200 INDEX 8,071 -0.2% 13.4%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 77.45 0.04%
Brent Crude (ICE) USD/bbl. 81.56 0.16%
Gold Spot USD/t oz. 2,516 -0.1%
Copper (Comex) USd/lb. 429 0.3%

 

The UK 100 called to open +30 points at 8,357

2 Hours; 4 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +30 points at 8,357.  The UK 100 looks set to open higher this morning after the bank holiday break, shrugging on a mixed session on Wall Street yesterday and in Asia today.

The Dow Jones closed at a record high on Monday as investors tried to complete the recovery from the sell-off earlier this month. The 30-stock index closed up 65.44 points, or 0.16%, at 41,240.52. Earlier in the day, it climbed more than 200 points, or 0.6%, to set a new intraday record, then pulled back from that level. The S&P slipped 0.32% to 5,616.84, while the Nasdaq was the worst performing of the major indices, sinking 0.85% to end the day at 17,725.76.

Asian stocks fell on Tuesday as investors pondered looming U.S. interest rate cuts and awaited earnings from AI darling Nvidia later in the week, while rising tensions in the Middle East and supply concerns checked risk sentiment and propped up oil prices.

 

Company News & Broker Comments:

Company News:

 

Bunzl this morning reported a full year profit upgrade, and said they had delivered a record year for acquisitions and three-year capital allocation commitment with an initial £250 million share buyback.

 

 

Broker Comments:

Deutsche bank cuts Associated British Food from Hold to Sell (6 Buy, 12 Hold, 1 Sell)

Reporting Today:

UK

 

Bunzl

 

 

US

 

None

 

Reporting Tomorrow:

UK

 

Hochschild Mining

Prudential

Puretech Health

 

 

US

 

CrowdStrike Holdings

HP

NVIDIA

Salesforce

 

 

In Focus Today:

German GfK Consumer Confidence Survey

German Gross Domestic Product

US Housing Price Index

US Consumer Confidence

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 29th August 2024:

 

Diageo

LondonMetric Property

Glencore

Auto Trader Group

InterContinental Hotels Group

 

 

UK 250 companies going ex-dividend on 22nd August 2024:

 

Diversified Energy Company

Dr. Martens

JPMorgan Global Growth & Income

ZIGUP

RHI Magnesita N.V.

Alliance Trust

Centamin

Serco Group

Henderson Smaller Cos Inv Tst

Clarkson

Quilter

PageGroup

Savills

Genuit Group

Dowlais Group

JPMorgan American Investment Trust

Plus500

Bluefield Solar Income Fund

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