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Morning Report - 21 October 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Prudential PLC 673.4 2.8%
Fresnillo PLC 703.0 2.7%
Anglo American PLC 2,379.5 1.8%
Endeavour Mining PLC 1,872.0 1.7%
Antofagasta PLC 1,829.0 1.5%
Yesterday’s UK 100 Laggards Price (p) % Chg
Smith (Ds) PLC 447.0 -3.4%
British American Tobacco PLC 2640.0 -3.2%
Vistry Group PLC 968.5 -2.3%
Next PLC 10245.0 -2.0%
Taylor Wimpey PLC 163.0 -1.9%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,358 -0.3% 12.9%
DOW JONES INDUS. AVG 43,276 0.1% 30.6%
DAX INDEX 19,657 0.4% 32.8%
NIKKEI 225 38,982 0.2% 24.7%
S&P/ASX 200 INDEX 8,283 -0.9% 20.0%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 69.22 -2.05%
Brent Crude (ICE) USD/bbl. 73.06 -1.87%
Gold Spot USD/t oz. 2,721 1.1%
Copper (Comex) USd/lb. 438 1.4%
The UK 100 called to open flat at 8,358

4 Hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open flat at 8,358.   The UK 100 looks set to open broadly flat this morning after interest rate cuts in China overnight, this comes after Fridays GDP read which was the lowest for China in a year and a half.

Friday saw fresh record highs for the Dow and the S&P on Wall Street.  The S&P advanced 0.40% to close at 5,864.67. The Dow Jones gained 36.86 points, or 0.09%, to end at 43,275.91. The Nasdaq, led by a postearnings jump in Netflix, ended the day up 0.63% at 18,489.55.

 

Company News & Broker Comments:

Company News:

 

AstraZeneca and Ionis’ Wainzua has been recommended for approval by the Committee for Medicinal Products for Human Use (CHMP) in the European Union (EU) forthe treatment of hereditary transthyretin-mediated amyloidosis in adult patients with stage 1 or stage 2 polyneuropathy, commonly referred to as hATTR-PN or ATTRv-PN.

 

FirstGroup has acquired Anderson Travel, a highly experienced coach operator providing contracted school, private hire, mini coach and tour services in and around London.

 

Petrofac this morning has said that it has extended its existing forbearance agreement in respect of the non-payment of the interest coupon on its senior secured notes from 18 October to 15 November 2024.  The forbearance agreement is entered into by an ad hoc group of noteholders representing approximately 47% of the outstanding senior secured notes and certain other acceding noteholders.

 

Broker Comments:

No New Broker Comments

 

Reporting Today:

UK

 

None

 

 

US

 

None

 

Reporting Tomorrow:

UK

 

InterContinental Hotels Group

 

 

 

US

 

3M Co

GE Aerospace

General Motors

Philip Morris International

Verizon Communications

Teladoc Health

 

 

In Focus Today:

IMF Meeting

PBoC Interest Rate Decision

German Producer Price Index

German Buba Monthly Report

Fed’s Kashkari speech

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 24th October 2024:

 

BAE Systems

 

UK 250 companies going ex-dividend on 24th October 2024:

 

Morgan Advanced Materials

Marshalls

Foresight Solar Fund

City of London Investment Trust

Kier Group

Pacific Horizon Investment Trust

Bankers Investment Trust

Wetherspoon (JD)

Brunner Investment Trust

Games Workshop Group

Sequoia Economic Infrastructure Inc Fund

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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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