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Morning Report - 3 January 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Vodafone Group PLC 69.9 2.0%
GSK PLC 1,476.2 1.8%
Astrazeneca PLC 10,788.0 1.8%
British American Tobacco PLC 2,334.5 1.7%
Marks And Spencer Group PLC 276.5 1.5%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Diploma PLC 3,434.0 -4.1%
3I Group PLC 2,331.0 -3.7%
Jd Sports Fashion PLC 160.2 -3.5%
Prudential PLC 857.0 -3.4%
St. James’s Place PLC 661.4 -3.3%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,714 -0.3% 3.3%
DOW JONES INDUS. AVG 37,687 0.0% 13.7%
DAX INDEX 16,773 0.1% 19.9%
NIKKEI 225 33,464 -0.2% 28.2%
S&P/ASX 200 INDEX 7,628 0.5% 9.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 71.44 -0.29%
Brent Crude (ICE) USD/bbl. 77.01 -0.04%
Gold Spot USD/t oz. 2,066 0.2%
Copper (Comex) USd/lb. 389 0.0%
The UK 100 called to open -11 points at 7,710

4 hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -11 points at 7,710.  The UK 100 looks set to open marginally lower this morning, following big losses for tech stocks overnight on Wall Street.  the Nasdaq tumbled 1.6% and S&P fell 0.6% as all of the ‘Magnificent Seven’ tech megacaps declined, led by a 2.2% fall for Nvidia and 1.5% slide for Meta Platforms. The Dow Jones meanwhile inched up 0.07%, led by big pharma, health companies and banks.

 

 

Company News & Broker Comments:

Company News:

Ryanair update that their passenger numbers in December increased 9% to 12.5m, up from 11.5m YoY. They state that 72,500 flights were operated in December, with 900 cancelled due to the Israel/Gaza conflict.

 

Wizz Air state that their December passenger numbers are up 19% YoY to 5m. Their 2023 capacity increased 26% to 66.4m with passenger numbers up 32% to 60.3m.

 

 

Broker Comments:

Jefferies Downgrades AstraZeneca to Hold from Buy (17 Buys / 1 Hold / 0 Sells)

 

Jefferies Upgrades GSK to Buy from Hold (9 Buys / 9 Holds / 0 Sells)

Reporting Today:

UK

 

None

 

 

US

 

None

Reporting Tomorrow:

UK

 

None

 

US

 

None

 

 

In Focus Today:

German Unemployment Change

US ISM Manufacturing PMI

US JOLTS Job Openings

FOMC Minutes

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 28th December 2023:

 

Auto Trader Group

Experian

F&C Investment Trust

 

 

UK 250 companies going ex-dividend on 28th December 2023:

 

 

Big Yellow Group

Dr. Martens

Workspace Group

Murray International Trust

QinetiQ Group

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