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Morning Report - 2 February 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Croda International PLC 4,805.0 4.8%
GSK PLC 1,568.0 2.0%
Antofagasta PLC 1,735.0 1.7%
Severn Trent PLC 2,598.0 1.5%
Flutter Entertainment PLC 16,285.0 1.3%
Yesterday’s UK 100 Laggards Price (p) % Chg
WPP PLC 771.4 -3.0%
Marks And Spencer Group PLC 247.3 -2.9%
M&G PLC 224.1 -2.4%
B&M European Value Retail S.A. 518.6 -2.2%
Vodafone Group PLC 67.3 -2.1%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,631 -0.5% -1.7%
DOW JONES INDUS. AVG 38,150 -0.8% 11.9%
DAX INDEX 16,904 -0.4% 11.4%
NIKKEI 225 36,011 -0.8% 31.7%
S&P/ASX 200 INDEX 7,588 -1.2% 1.2%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 75.89 0.05%
Brent Crude (ICE) USD/bbl. 81.71 -1.40%
Gold Spot USD/t oz. 2,042 0.1%
Copper (Comex) USd/lb. 386 -1.2%
The UK 100 called to open -16 points at 7,614

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open +44 points at 7,666.  The UK 100 looks set to open higher this morning, this comes after Wall Street rallied and Meta provided some fireworks after the US close.   On Wall Street yesterday the 30-stock Dow added 369.54 points, or 0.97% to close at 38,519.84. It was a fresh record close for the blue-chip index, which also wiped its losses from a day earlier. The S&P added 1.25% to close at 4,906.19. The Nasdaq gained 1.3% to finish the session at 15,361.64.  After the closing bell in New York, Meta leapt 15.6% after unveiling a $50 billion share buyback, its first ever dividend and better-than-expected results. In focus today will be US Non-Farm Payrolls.

 

 

Company News & Broker Comments:

Company News:

AstraZeneca hails positive results from phase 3 trial of acoramidis in adults with ATTR-CM.

 

Ryanair’s January traffic grew +3% to 12.2m guests.

 

Wizz Air update that they carried 4.7m passengers in January 2024, +14.2 YoY, at a load factor of 82%. They have reinstated flights between Jordan and Abu Dhabi, starting from the 4th of February.

 

Broker Comments:

Barclays Upgrades EasyJet to Overweight from Equal-weight (11 Buys / 5 Holds / 1 Sell)

 

Barclays Upgrades Wizz Air to Equal-Weight from Underweight (9 Buys / 7 Holds / 3 Sells)

 

Jefferies Upgrades Wise to Buy from Hold (7 Buys / 5 Holds / 3 Sells)

 

RBC Downgrades Close Brothers to Sector Perform from Outperform (3 Buys / 4 Holds / 1 Sell)

Reporting Today:

UK

 

None

 

US

 

AbbVie

Aon

Bristol-Myers Squibb

Chevron

Exxon Mobil

 

Reporting Monday:

UK

 

Vodafone Group

 

US

 

US Average Hourly Earnings

US Nonfarm Payrolls

US Unemployment Rate

Michigan Consumer Sentiment Index

UoM 5-year Consumer Inflation Expectation

US Factory Orders

 

 

In Focus Today:

US Average Hourly Earnings

US Nonfarm Payrolls

US Unemployment Rate

Michigan Consumer Sentiment Index

UoM 5-year Consumer Inflation Expectation

US Factory Orders

 

 

Today’s Ex-Dividends:

UK 100 companies going ex-dividend on 8th February 2023:

 

None

 

 

UK 250 companies going ex-dividend on 8th February 2023:

 

 

Aberforth Smaller Companies Trust

GCP Infrastructure Investments

Bluefield Solar Income Fund

Target Healthcare REIT

Octopus Renewables Infrastructure Trust

LXi REIT

Henderson Smaller Cos Inv Tst

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.


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