Getting latest data loading
Home / Morning Report / Morning Report – 23rd December 2024

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 23 December 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Frasers Group PLC 626.5 2.8%
B&M European Value Retail S.A. 362.7 2.2%
Rentokil Initial PLC 399.6 2.0%
Vistry Group PLC 659.0 2.0%
Segro PLC 695.6 2.0%
Yesterday’s UK 100 Laggards Price (p) % Chg
Severn Trent PLC 2516.0 -2.3%
JD Sports Fashion PLC 95.0 -2.2%
Hiscox LTD 1084.0 -2.0%
United Utilities Group PLC 1045.5 -1.7%
Intermediate Capital Group PLC 2050.0 -1.3%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,085 -0.3% 5.0%
DOW JONES INDUS. AVG 42,840 1.2% 14.6%
DAX INDEX 19,885 -0.4% 19.0%
NIKKEI 225 39,161 1.2% 18.1%
S&P/ASX 200 INDEX 8,202 1.7% 9.3%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 69.87 0.59%
Brent Crude (ICE) USD/bbl. 73.31 0.51%
Gold Spot USD/t oz. 2,631 0.3%
Copper (Comex) USd/lb. 412 0.4%

 

The UK 100 called to open -5 points at 8,080

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -5 points at 8,080. The UK 100 looks set for a steadier performance after Friday’s closing level of 8084 represented the top flight’s worst week in a year.

Data out this morning from the Office of National Statistics (ONS) showed the UK’s economy showed no growth in the third quarter after figures were revised downward.  The unchanged GDP reading for the three months compared with a previous estimate for 0.1% growth.  The UK grew by 0.4% in the second quarter, a figure also revised lower today.

Stateside on Friday saw the Dow Jones bounce to close out a tough week that saw the index plunge 1,100 points in a single day and complete its longest losing streak since the 1970s. Some cooler-than-expected inflation data helped fuel the session’s rebound.  The Dow gained 498.02 points, or 1.18%, to 42,840.26. The broader market S&P added 1.09% to end at 5,930.85, while the tech heavy Nasdaq advanced 1.03% and closed at 19,572.60.

Company News & Broker Comments:

Company News:

Aviva has reached agreement over the £3.7 billion takeover of rival Direct Line. The deal values each Direct Line share at 275p, a 73% premium to its price before bid interest became known at the end of November.

 

Frasers Group has said this morning that it plans to nominate another board candidate to Boohoo.

 

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

UK

 

None

 

 

US

 

None

Reporting Tomorrow:

UK

 

None

 

US

 

None

In Focus Today:

UK Gross Domestic Product

US Consumer Confidence

BoJ Monetary Policy Meeting Minutes

This Week’s Ex-Dividends:

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

 

BT Group

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

 

Schroder AsiaPacific Fund

JPMorgan Japanese Investment Trust

Global Smaller Companies 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.


Back to Top

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.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.