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Morning Report - 1 September 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Ocado Group PLC 858.6 8.2%
JD Sports Fashion PLC 146.8 2.5%
Rolls-Royce Holdings PLC 222.0 2.4%
Flutter Entertainment PLC 14,490.0 2.0%
Sainsbury (J) PLC 272.5 1.8%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Glencore PLC 419.7 -4.3%
Endeavour Mining PLC 1,608.0 -2.8%
Prudential PLC 974.8 -2.5%
Melrose Industries PLC 510.4 -2.2%
Diageo PLC 3,257.5 -1.9%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,466 -0.1% 2.6%
DOW JONES INDUS. AVG 34,952 0.2% 11.2%
DAX INDEX 16,006 0.7% 24.7%
NIKKEI 225 32,619 0.9% 17.9%
S&P/ASX 200 INDEX 7,305 0.1% 6.7%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 82.88 1.53%
Brent Crude (ICE) USD/bbl. 86.84 1.14%
Gold Spot USD/t oz. 1,943 0.0%
Copper (Comex) USd/lb. 383 -0.5%
The UK 100 called to open +9 points at 7,448.

4 hours; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +9 points at 7,448.   The UK 100 looks set to open marginally higher this morning, ahead of todays non farm payrolls.  On Wall Street yesterday The tech-heavy Nasdaq added 0.11% to end Thursday’s session at 14,034.97, while The Dow Jones slipped 168.33 points, or 0.48%, to end at 34,721.91. The S&P ticked down 0.16% to close at 4,507.66.  In Asia, this morning markets were higher as China cuts reserve requirement to boost the economy, however in Hong Kong trading was halted as typhoon approaches

 

 

Company News & Broker Comments:

Company News:

Direct Line Insurance Group are undertaking a past business review on motor and home insurance pricing. They will pay redress to any affected policyholder from higher prices.

 

 

GSK’s submission for Nucala treatment has been accepted for review by the Japanese regulator.

 

 

QinetiQ receives a 5-year $224m firm-fixed price contract in the US to provide mission support to the US Space Development Agency.

 

 

Reckitt Benckiser says Kris Licht is to be their new CEO on Oct 1st with Nicando Durante to step down on Dec 31st.

 

Broker Comments:

No new broker comments

Reporting Today:

UK

 

None

 

 

 

US

 

None

Reporting Tomorrow:

UK

 

None

 

 

US

 

None

 

 

In Focus Today:

Chinese Caixin Manufacturing PMI

German HCOB Manufacturing PMI

US Average Hourly Earnings

US Labor Force Participation Rate

Nonfarm Payrolls

US U6 Underemployment Rate

US Unemployment Rate

US ISM Manufacturing Employment Index

US ISM Manufacturing PMI

 

Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 7th September 2023:

 

Smith (DS)

Admiral Group

Prudential

 

 

UK 250 companies going ex-dividend on 7th September 2023:

 

Harbour Energy

TBC Bank Group

CLS Holdings

Derwent London

BlackRock World Mining Trust

Empiric Student Property

Serco Group

Baltic Classifieds Group

Greggs

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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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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