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Morning Report - 11 December 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
British Land Company PLC 372.2 1.6%
Sainsbury (J) PLC 272.8 1.2%
B&M European Value Retail S.A. 367.4 1.2%
Tesco PLC 368.6 1.0%
Spirax Group PLC 7,500.0 0.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
Ashtead Group PLC 5392.0 -14.0%
Antofagasta PLC 1752.5 -3.5%
Vistry Group PLC 686.5 -3.3%
Rolls-Royce Holdings PLC 565.8 -2.9%
Endeavour Mining PLC 1500.0 -2.3%
Major World Indices Price % Chg 1 Year
FTSE 100 INDEX 8,280 -0.9% 9.8%
DOW JONES INDUS. AVG 44,248 -0.4% 21.5%
DAX INDEX 20,329 -0.1% 21.1%
NIKKEI 225 39,372 0.0% 20.1%
S&P/ASX 200 INDEX 8,354 -0.5% 16.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 68.97 0.55%
Brent Crude (ICE) USD/bbl. 72.57 0.53%
Gold Spot USD/t oz. 2,692 -0.1%
Copper (Comex) USd/lb. 427 -0.2%

 

The UK 100 called to open -31 points at 8,249

4 Hours; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -31 points at 8,249. The UK 100 looks set to open lower this morning, extending losses from yesterday,

 

Asian stocks were mixed on Wednesday, the Hang Seng in Hong Kong edged 0.1% lower to 20,294.54 and the Shanghai Composite index was up 0.2% at 3,430.25 as leaders convened an annual planning meeting in Beijing that is expected to set economic policies and growth targets for the coming year.

 

Japan’s benchmark Nikkei 225 slipped 0.3% to 39,261.03 after data showed that Japan’s wholesale inflation in November rose 3.7% year-on-year, marking three consecutive months of increases and further adding pressure on the Bank of Japan to raise interest rates.

 

The S&P lost 0.3% to end at 6,034.91, and the Nasdaq dropped 0.25% to 19,687.24. Both indexes booked back-to-back losses. The Dow Jones declined for a fourth day, sliding 154.10 points, or 0.35%, to 44,247.83.

 

In focus today will be the US consumer price index data read, scheduled for release at 1.30pm GMT.

Company News & Broker Comments:

Company News:

 

British American Tobacco on Wednesday forecast stronger revenue growth in its new category, which includes vapes and oral nicotine products, and combustibles in the second half of the year, driven by increased investments in the United States.  The maker of Lucky Strike and Dunhill cigarettes said it remains on track to meet its 2024 outlook of low-single-digit organic revenue and adjusted profit growth.

 

 

Broker Comments:

 

Reckitt Benckiser Upgraded to Buy by HSBC (9 Buy/ 8 Hold/ 0 Sell)

 

Ashtead Downgraded to Neutral by Goldman (14 Buy/ 5 Hold/ 1 Sell)

 

Reporting Today:

UK

 

GCP Infastructure Investments

 

 

US

 

Adobe

Reporting Tomorrow:

UK

 

Anglo American

Currys

Polar Capital Technology Trust

 

US

 

Broadcom

Costco Wholesale

In Focus Today:

US Consumer Price Index

US Monthly Budget Statement

 

Tomorrow’s Ex-Dividends:

UK 100 companies going ex-dividend on 12th December 2024:

 

Associated British Foods

Smith (DS)

UK 250 companies going ex-dividend on 12th December 2024:

 

Sirius Real Estate

Ninety One

Investec

Cranswick

Patria Private Equity Trust

SDCL Energy Efficiency Income Trust

TR Property Investment Trust

discoverIE Group

Personal Assets Trust

ZIGUP

Assura

Baltic Classifieds Group

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