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Morning Report - 16 December 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Rentokil Initial PLC 412.9 3.5%
Beazley PLC 839.5 2.9%
Diageo PLC 2,618.5 2.4%
Hiscox LTD 1,150.0 2.0%
Marks And Spencer Group PLC 397.7 1.9%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Endeavour Mining PLC 1505.0 -3.0%
Spirax Group PLC 7195.0 -2.5%
Anglo American PLC 2460.5 -2.5%
Fresnillo PLC 665.5 -2.1%
Rio Tinto PLC 4900.0 -2.0%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,300 -0.1% 9.6%
DOW JONES INDUS. AVG 43,828 -0.2% 17.5%
DAX INDEX 20,406 -0.1% 21.8%
NIKKEI 225 39,457 0.0% 19.7%
S&P/ASX 200 INDEX 8,249 -0.6% 10.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 70.90 -0.55%
Brent Crude (ICE) USD/bbl. 74.20 -0.39%
Gold Spot USD/t oz. 2,654 0.2%
Copper (Comex) USd/lb. 417 -0.6%
The UK 100 called to open -7 points at 8,293

1 Day; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -7 points at 8,293.  The UK 100 looks set to open modestly lower this morning, having dropped 11 points at the end of last week.

 

Shares retreated Monday in Asia after China reported lackluster economic indicators for November, while bitcoin surged to fresh highs, topping $106,000.  Japan’s Nikkei 225 index edged 0.1% lower, to 39,438.74, while the Hang Seng in Hong Kong lost 0.8% to 19,821.24.

 

The Dow Jones fell for a seventh session on Friday, posting its longest run of losses since 2020.  The blue-chip index lost 86.06 points, or 0.2%, to close at 43,828.06. The Nasdaq gained 0.12% to 19,926.72. The S&P ended the session little changed, closing at 6,051.09.

 

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Company News & Broker Comments:

Company News:

The British government has approved Czech billionaire Daniel Křetínský’s £3.57bn takeover of Royal Mail’s owner International Distribution Services, according to reports this morning.

 

 

Broker Comments:

 

Bunzl Upgraded Outperform from Sector Perform by RBC

 

DCC Downgraded to Sector Perform from Outperform by RBC

 

Diploma Downgraded to Underperform from Sector Perform by RBC

 

Reporting Today:

UK

 

None

 

 

US

 

None

Reporting Tomorrow:

UK

 

Bunzl

Chemring Group

Hollywood Bowl Group

Sthree*

 

US

 

None

In Focus Today:

Chinese Industrial Production

Chinese Retail Sales

ECB’s President Lagarde speech

German HCOB Composite PMI

German HCOB Manufacturing PMI

German HCOB Services PMI

ECB’s De Guindos speech

ECB’s Schnabel speech

EU HCOB Composite PMI

EU HCOB Manufacturing PMI

EU HCOB Services PMI

UK S&P Global/CIPS Composite PMI

UK S&P Global/CIPS Manufacturing PMI

UK S&P Global/CIPS Services PMI

NY Empire State Manufacturing Index

US S&P Global Composite PMI

US S&P Global Manufacturing PMI

US S&P Global Services PMI

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 19th December 2024:

 

British American Tobacco

Halma

UK 250 companies going ex-dividend on 19th December 2024:

 

MITIE Group

JPMorgan European Discovery Trust

Templeton Emerging Markets IT

Mercantile Investment Trust

Law Debenture Corporation

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