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Morning Report - 23 August 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Fresnillo PLC 538.0 5.5%
Rs Group PLC 728.2 4.0%
Unite Group PLC 908.5 2.4%
Glencore PLC 429.8 2.3%
Antofagasta PLC 1,419.0 2.1%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Jd Sports Fashion PLC 140.8 -6.9%
Ocado Group PLC 720.2 -1.9%
Beazley PLC 529.0 -1.6%
Melrose Industries PLC 489.7 -1.4%
Sainsbury (J) PLC 257.7 -1.1%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,271 0.2% -3.5%
DOW JONES INDUS. AVG 34,289 -0.5% 3.7%
DAX INDEX 15,706 0.7% 18.7%
NIKKEI 225 31,857 0.9% 12.0%
S&P/ASX 200 INDEX 7,122 0.1% 2.3%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 80.35 -0.46%
Brent Crude (ICE) USD/bbl. 83.95 -0.60%
Gold Spot USD/t oz. 1,898 0.1%
Copper (Comex) USd/lb. 379 0.9%
The UK 100 called to open +23 points at 7,280

4 hours; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +15 points at 7,295.  The UK 100 is expected to open higher on Wednesday despite a slower session in the US, driven by falls in banking stocks after S&P Global downgraded the credit ratings of several US banks, In focus today will be PMI readings from across the globe.  On Wall Street yesterday, The Dow fell 0.5%, the S&P 0.3% but the Nasdaq eked out a small gain of 0.1%.  In Asia this morning, the Hang Seng index is 1% higher and the Nikkei 225 up by 0.5% after Japan posted a robust set of PMI figures for services and manufacturing. However, the Shanghai Composite is 0.6% lower.

 

 

Company News & Broker Comments:

Company News:

 

GSK today said data from its shingles drug, Shingrix demonstrated 100% vaccine efficacy in the prevention of shingles in adults aged 50 and over in China

 

 

Marks & Spencer is on course to end its four-year exile from the FTSE 100 index, with housebuilder Persimmon poised to make way.

 

 

Reckitt Benckiser which has named Nike exec Shannon Eisenhardt as its new chief financial officer, in another change in the top team at the consumer goods maker.

 

Broker Comments:

No new broker comments

Reporting Today:

UK

 

None

 

 

 

US

 

NVIDIA

Snowflake

Reporting Tomorrow:

UK

 

CRH

Harbour Energy

Hays

 

 

US

 

Intuit

 

 

In Focus Today:

German HCOB Composite PMI

German HCOB Manufacturing PMI

German HCOB Services PMI

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

US S&P Global Composite PMI

US S&P Global Manufacturing PMI

US S&P Global Services PMI

US New Home Sales Change

EU Consumer Confidence

 

Tomorrow’s Ex-Dividends:

UK 100 companies going ex-dividend on 24th August 2023:

 

Aviva

Legal & General Group

St. James’s Place

Mondi

Diageo

Land Securities Group

Auto Trader Group

Haleon

 

 

UK 250 companies going ex-dividend on 24th August 2023:

 

Plus500

Hammerson

OSB Group

Henderson Smaller Cos Inv Tst

Ibstock

HICL Infrastructure

Drax Group

RHI Magnesita N.V.

Shaftesbury Capital

Temple Bar Investment Trust

Just Group

Witan Investment Trust

Personal Assets Trust

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