Getting latest data loading
Home / Morning Report / Morning Report – 2nd May 2024

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

Morning Report - 2 May 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Gsk PLC 1,705.0 1.9%
Unite Group PLC 940.0 1.3%
Dcc PLC 5,555.0 1.3%
Severn Trent PLC 2,498.0 1.3%
Tesco PLC 300.0 1.3%
Yesterday’s UK 100 Laggards Price (p) % Chg
Jd Sports Fashion PLC 112.2 -3.0%
Ashtead Group PLC 5,674.0 -2.9%
Ocado Group PLC 343.1 -2.8%
Haleon PLC 331.0 -2.5%
Howden Joinery Group PLC 857.0 -2.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,121 -0.3% 4.5%
DOW JONES INDUS. AVG 37,903 0.2% 12.5%
DAX INDEX 17,932 -1.0% 12.6%
NIKKEI 225 38,236 -0.1% 31.1%
S&P/ASX 200 INDEX 7,587 0.2% 4.4%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 79.43 0.54%
Brent Crude (ICE) USD/bbl. 83.93 0.59%
Gold Spot USD/t oz. 2,314 -0.2%
Copper (Comex) USd/lb. 458 0.7%
The UK 100 called to open +30 points at 8,151

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +30 points at 8,151.  The UK 100 is expected to bounce back with a strong start on Thursday after last night’s US Federal Reserve meeting saw a mixed market reaction.  Overnight, following the Fed decision not to raise rates but to announce a tapering of other tightening measures was followed by US stock indices spiked higher, before falling back.  The Dow added 87.37 points, or 0.23%, to close at 37,903.29. The S&P lost 0.34% to close at 5,018.39, while the Nasdaq slid 0.33% to settle at 15,605.48.

 

 

Company News & Broker Comments:

Company News:

Capita CFO Tim Weller will retire in August and be replaced by Pablo Andres.

 

Ryanair carries 17.2m passengers in April, up from 16m YoY, with a load factor of 92%.

 

Shell reported Q1 adjusted earnings of $7.7bn, sharply beating analyst expectations of $6.46bn, on the back of strong oil trading and higher refining margins. They will also repurchase a further $3.5bn of its shares over the next quarter, as their dividend remained unchanged.

 

Smurfit Kappa Group reported a Q1 EBITDA of 487m euros, down from 579m YoY. They state that box demand continued to improve, notes volume growth in the Americas.

 

Standard Chartered posted a 5.5% rise in Q1 pretax profit, beating estimates, as higher interest rates bolstered earnings. They reported a Q1 pretax profit of $1.91bn, up from $1.81bn YoY and ahead of average analyst estimates of $1.39bn. Their credit impairments increased to $165m for the quarter, up from $20m a year earlier.

 

Wizz Air carries 4.9m passengers in April, slightly lower YoY with a load factor of 90.3%.

 

 

Broker Comments:

No new broker comments

Reporting Today:

UK

 

Endeavour Mining*

Melrose Industries

Shell

Smurfit Kappa Group

Spectris

Standard Chartered*

TI Fluid Systems

 

 

US

 

Amgen

Moderna

Novo Nordisk

Apple Inc

Block

Cloudflare

Coinbase Global

Illumina

Unity Software

 

 

Reporting Tomorrow:

UK

 

InterContinental Hotels Group

Mondi

Trainline

 

US

 

None

 

 

 

In Focus Today:

German HCOB Manufacturing PMI

US Challenger Job Cuts

US Initial Jobless Claims

US Nonfarm Productivity

US Unit Labor Costs

US Factory Orders

 

Today’s Ex-Dividends:

UK 100 companies going ex-dividend on 2nd May 2024:

 

RELX

Glencore

 

 

UK 250 companies going ex-dividend on 2nd May 2024:

 

 

Inchcape

GCP Infrastructure Investments

Coats Group

Genuit Group

4imprint Group

Hiscox

Elementis

Senior

Edinburgh Investment Trust

IWG

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.
.