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Morning Report - 16 September 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Endeavour Mining PLC 1,836.0 10.5%
Fresnillo PLC 568.0 5.7%
Entain PLC 734.6 2.9%
Jd Sports Fashion PLC 148.9 2.8%
Airtel Africa PLC 118.5 2.4%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Sainsbury (J) PLC 289.8 -2.0%
Diageo PLC 2470.0 -1.4%
Tesco PLC 364.5 -1.2%
Astrazeneca PLC 11928.0 -1.0%
Sage Group PLC 1031.0 -0.7%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,273 0.4% 7.3%
DOW JONES INDUS. AVG 41,394 0.7% 19.6%
DAX INDEX 18,699 1.0% 17.7%
NIKKEI 225 36,582 -0.7% 9.1%
S&P/ASX 200 INDEX 8,122 0.3% 11.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 69.00 0.51%
Brent Crude (ICE) USD/bbl. 71.83 0.31%
Gold Spot USD/t oz. 2,589 0.4%
Copper (Comex) USd/lb. 423 -0.2%

 

The UK 100 called to open -14 points at 8,259

4 Hours; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -14 points at 8,259.  The UK 100 looks set to open the week marginally lower.  This comes on the back of a strong showing from the UK’s blue chip index last week, having gained 1.1% or 91 points.  In focus this week will be interest rate decisions from both the Bank of England & the Federal Reserve.

Markets in Asia this morning were broadly higher, despite both China and Japan been closed for Bank Holidays.

It was an all green session on Wall Street Friday, leading to the S&P & the Nasdaq posting their strongest weeks of 2024.  The S&P climbed 0.54% and closed at 5,626.02, less than 1% from its July all-time high. The tech-heavy Nasdaq added 0.65% to end at 17,683.98. Both indexes posted their fifth consecutive winning day. The Dow Jones jumped 297.01 points, or 0.72%, closing at 41,393.78.

 

Company News & Broker Comments:

Company News:

 

Close Brothers Group announced this morning that Adrian Sainsbury, Group Chief Executive, has taken a temporary medical leave of absence from the business.  The group has said they have put in place robust temporary cover arrangements to ensure continuity in the delivery of the group’s strategy during this period. Mike Morgan, Group Finance Director, will assume Adrian’s principal responsibilities supported by the Chairman, Mike Biggs, and members of the senior management team.

 

Broker Comments:

No New broker comments

 

Reporting Today:

UK

 

None

 

 

US

 

None

 

Reporting Tomorrow:

UK

 

Kingfisher

IP Group

JTC

Petershill Partners

 

 

US

 

None

 

 

In Focus Today:

US NY Empire State Manufacturing Index

 

 

This Week’s Ex-Dividends:

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

 

Unite Group

 

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

 

Crest Nicholson Holdings

Foresight Group Holdings

Bridgepoint Group

IG Group Holdings

Drax Group

Essentra

Fidelity European Trust

PPHE Hotel Group

Energean

Patria Private Equity Trust

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.


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