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Morning Report - 10 October 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Mondi PLC 1,460.0 4.0%
Centrica PLC 120.2 3.3%
Marks And Spencer Group PLC 382.9 3.0%
Ashtead Group PLC 5,850.0 2.2%
Fresnillo PLC 632.0 2.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
Vistry Group PLC 944.5 -2.0%
Persimmon PLC 1599.0 -0.6%
Next PLC 9864.0 -0.4%
National Grid PLC 990.2 -0.2%
Smith (Ds) PLC 459.0 -0.1%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,244 0.7% 8.1%
DOW JONES INDUS. AVG 42,512 1.0% 26.0%
DAX INDEX 19,255 1.0% 24.8%
NIKKEI 225 39,381 0.3% 24.0%
S&P/ASX 200 INDEX 8,223 0.4% 16.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 73.80 0.76%
Brent Crude (ICE) USD/bbl. 77.13 0.72%
Gold Spot USD/t oz. 2,616 0.3%
Copper (Comex) USd/lb. 442 0.4%
The UK 100 called to open +18 points at 8,261

4 Hours; 7 Months

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Markets Overview:

The UK 100 called to open +18 points at 8,261.  The UK 100 looks set to continue the rise we saw yesterday afternoon, the UK’s bluechip index recovered 50 points from its session low by the close on Wednesday.

The S&P rallied 0.71% to end at 5,792.04 having hit a fresh all-time high during the session, while the Nasdaq added 0.6% to finish at 18,291.62. The 30-stock Dow surged 431.63 points, or 1.03%, to settle at 42,512.00 and at a record close.

 

Company News & Broker Comments:

Company News:

 

Direct Line Insurance Group has announced that Jane Poole has joined DLG as Group Chief Financial Officer and has been appointed to the Board as an Executive Director with effect from today. Jane has also been appointed as a member of the Board’s Investment Committee.

 

GSK has agreed a $2.2 billion settlement to resolve about 80,000 or 93% of court cases involving heartburn drug Zantac.

 

 

Broker Comments:

Anglo American downgraded by JP Morgan to neutral from overweight (8 Buy/ 7 Hold/ 2 Sell)

 

Reporting Today:

UK

 

Volution Group

 

 

US

 

Delta Air Lines

 

Reporting Tomorrow:

UK

 

Hays

Jupiter Fund Management

 

 

US

 

BlackRock

JPMorgan Chase & Co

Wells Fargo & Co

 

 

In Focus Today:

ECB Monetary Policy Meeting Accounts

US Consumer Price Index

US Initial Jobless Claims

BoE Monetary Policy Report Hearings

Fed’s Cook speech

Fed’s Williams speech

US Monthly Budget Statement

 

 

Today’s Ex-Dividends:

UK 100 companies going ex-dividend on 10th October 2024:

 

Taylor Wimpey

WPP

Kingfisher

Tesco

 

UK 250 companies going ex-dividend on 10th October 2024:

 

JPMorgan Emerging Markets Invest Trust

Merchants Trust

Bluefield Solar Income Fund

Supermarket Income REIT

Primary Health Properties

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