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Morning Report - 2 April 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
JD Sports Fashion PLC 134.5 15.7%
International Consolidated Airlines Group S.A. 176.8 3.1%
Fresnillo PLC 469.9 2.8%
Antofagasta PLC 2,039.0 2.7%
St. James’s Place PLC 464.5 2.7%
Yesterday’s UK 100 Leaders Price (p) % Chg
Jd Sports Fashion PLC 134.5 15.7%
International Consolidated Airlines Group S.A. 176.8 3.1%
Fresnillo PLC 469.9 2.8%
Antofagasta PLC 2,039.0 2.7%
St. James’s Place PLC 464.5 2.7%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,953 0.3% 5.1%
DOW JONES INDUS. AVG 39,567 -0.6% 18.9%
DAX INDEX 18,492 0.1% 20.6%
NIKKEI 225 39,839 0.1% 42.1%
S&P/ASX 200 INDEX 7,888 -0.1% 11.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 84.28 0.68%
Brent Crude (ICE) USD/bbl. 88.00 0.66%
Gold Spot USD/t oz. 2,255 0.1%
Copper (Comex) USd/lb. 407 0.4%
The UK 100 called to open +24 points at 7,977.

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open +24 points at 7,977. The UK 100 looks set to open higher this morning after the long bank holiday weekend, encouraged higher by news that shop price inflation faded to a more than three-year low last month.  Shop prices in March were up 1.3% on a year ago, according to an index compiled by the British Retail Consortium and NielsenIQ, which was down from 2.5% in February, below the three-month average of 2.2% and the lowest since December 2021.  Non-food inflation retreated to 0.2% from 1.3% a month earlier, while food inflation softened from 5.0% in February to 3.7% in March, the lowest reading since April 2022.  It was a mixed session on Wall Street yesterday, The 30-stock Dow Jones lost 240.52 points, or 0.6%, and settled at 39,566.85. The S&P dipped 0.2% to close at 5,243.77. The tech heavy Nasdaq on the other hand, added 0.11% to finish at 16,396.83.

 

 

Company News & Broker Comments:

Company News:

HSBC Holdings plc completed the sale of HSBC Bank Canada  and its subsidiaries to Royal Bank of Canada on 28 March 2024.

 

Revolution Bars Group PLC said its shares have been temporarily suspended from trading on AIM, after the company failed to publish interim results in time.

 

Shanta Gold said the recommended cash offer by Saturn Resources had received unconditional approval from the Competition Authority of Kenya.

 

Broker Comments:

 

Reporting Today:

UK

 

None

 

US

 

None

 

Reporting Tomorrow:

UK

 

Hilton Food Group

 

US

 

None

 

 

In Focus Today:

German HCOB Manufacturing PMI

German Consumer Price Index

US Factory Orders

US JOLTS Job Openings

Fed’s Mester speech

Fed’s Williams speech

Fed’s Daly speech

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 4th April 2024:

 

Mondi

Rentokil Initial

IMI

InterContinental Hotels Group

Smiths Group

 

 

UK 250 companies going ex-dividend on 4th April 2024:

 

 

OSB Group

Hammerson

Breedon Group

Domino’s Pizza Group

Direct Line Insurance Group

VinaCapital Vietnam Opportunity Fund

RIT Capital Partners

Games Workshop Group

Finsbury Growth & Income Trust

Empiric Student Property

European Smaller Companies Trust

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