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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Pershing Square Holdings LTD | 3,906.0 | 3.9% |
| Polar Capital Technology Trust PLC | 317.0 | 3.3% |
| Antofagasta PLC | 1,867.0 | 2.7% |
| Scottish Mortgage Investment Trust PLC | 991.2 | 2.7% |
| Prudential PLC | 819.2 | 2.6% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Vodafone Group PLC | 72.0 | -4.4% |
| Jd Sports Fashion PLC | 73.7 | -2.7% |
| British Land Company PLC | 360.0 | -2.6% |
| BP PLC | 440.8 | -2.0% |
| Haleon PLC | 385.5 | -1.9% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 8,638 | -0.1% | 9.1% |
| DOW JONES INDUS. AVG | 42,583 | 1.4% | 8.3% |
| DAX INDEX | 22,853 | -0.2% | 25.1% |
| NIKKEI 225 | 37,781 | 0.5% | -6.5% |
| S&P/ASX 200 INDEX | 7,942 | 0.1% | 1.7% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 69.03 | -0.12% |
| Brent Crude (ICE) | USD/bbl. | 72.92 | -0.11% |
| Gold Spot | USD/t oz. | 3,017 | 0.2% |
| Copper (Comex) | USd/lb. | 512 | 0.6% |
Click graph to enlarge
The UK 100 called to open flat this morning at 8,638. The UK 100 looks set to open broadly flat this morning, having struggled to make headwinds yesterday, despite increases Stateside as hopes of Donald Trump’s trade tariffs being more targeted than the previously feared blanket approach.
The Dow Jones jumped 597.97 points, or 1.42%, to end at 42,583.32. The S&P added 1.76% and closed at 5,767.57, while the tech-heavy Nasdaq gained 2.27% to settle at 18,188.59. Shares of Tesla, which have fallen nine straight weeks, were up nearly 12%, adding to their Friday gains. Meta Platforms and Nvidia each climbed more than 3%.
Asian stock bourses initially joined in on the US rally on Tuesday morning but by mid-afternoon the relief rally looked set to fizzle out. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.35% lower ahead of European open. Hong Kong’s Hang Seng index fell 1.8%, as tech stocks led a broad selloff, with Xiaomi’s $5.5 billion upsized share sale triggering concerns about stretched valuations across the market.
Oil prices were little changed on Tuesday after rising 1% in the previous session as investors weighed the impact of Trump’s announcement of tariffs on countries buying oil and gas from Venezuela. Brent crude futures were up 2 cents at $73.02. U.S. West Texas Intermediate crude futures was flat at $69.11. Gold was steady at $3,015.87 per ounce after a Federal Reserve official signalled a cautious stance on interest rate cuts this year.
HSBC expects to double down on its investment banking operations in Asia and the Middle East after exiting key business in Europe and the US, Chief Executive Officer Georges Elhedery said. The bank will focus on debt and other financing activities in Asia as well as mergers and acquisitions and equity capital markets in the Middle East, Elhedery said in a Bloomberg TV interview on Tuesday at an HSBC conference in Hong Kong. The restructuring will save $1.5 billion in efficiency cost and enable the bank to invest in areas where it has more competitive edge to generate “quality” revenue, he said.
Kingfisher reported pretax profit inline with analysts’ estimates and announced a £300 million share buyback. Market share grew in all the firm’s key regions, while trade sales made particular progress in France and Poland. Looking ahead, the company warned of rising costs due to government decisions, with the minimum wage and employee national insurance rising in the UK.
Shell has announced it plans to raise shareholder distributions to 40%-50% of cash flow from operations, up from 30%-40% previously. Shell said it will maintain a 4% per annum dividend policy and continue to prioritise share buybacks. The firm also plans to increase its structural cost reduction target from $2 billion-$3 billion by the end of 2025 to a cumulative $5 billion-$7 billion by the end of 2028.
UK
Barr (A.G.) (BAG)
Boot (Henry) (BOOT)
Kingfisher (KGF)
WAG Payment Solutions (WPS)
Bellway (BWY)
Smiths Group (SMIN)
US
GameStop (GME) AMC
UK
Evoke (EVOK)
Ithaca Energy (ITH)
US
None
German IFO – Business Climate
German IFO – Current Assessment
German IFO – Expectations
Fed’s Kugler speech
US Housing Price Index
Fed’s Williams speech
US Consumer Confidence
US New Home Sales Change
UK 100 companies going ex-dividend on 27th March 2025:
British American Tobacco
SEGRO
Standard Chartered
Smith & Nephew
Taylor Wimpey
Melrose Industries
Schroders
M&G
Prudential
Games Workshop Group
UK 250 companies going ex-dividend on 27th March 2025:
Crest Nicholson Holdings
Aberdeen Group
Primary Health Properties
OSB Group
Empiric Student Property
Volution Group
Fidelity European Trust
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