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Morning Report - 3 November 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Ocado Group PLC 508.8 6.9%
BT Group PLC 116.8 5.1%
Land Securities Group PLC 601.6 4.9%
Segro PLC 742.6 4.7%
Unite Group PLC 933.0 4.7%
Yesterday’s UK 100 Laggards Price (p) % Chg
Entain PLC 884.6 -5.9%
Hikma Pharmaceuticals PLC 1,826.5 -4.9%
Haleon PLC 320.7 -3.2%
Howden Joinery Group PLC 623.4 -3.1%
Centrica PLC 157.5 -3.0%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,442 1.4% 4.3%
DOW JONES INDUS. AVG 33,651 1.1% 4.7%
DAX INDEX 15,138 1.4% 14.3%
NIKKEI 225 31,950 1.1% 15.5%
S&P/ASX 200 INDEX 6,900 0.9% 0.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 82.11 2.08%
Brent Crude (ICE) USD/bbl. 86.29 1.96%
Gold Spot USD/t oz. 1,981 -0.1%
Copper (Comex) USd/lb. 367 0.6%
The UK 100 called to open +27 points at 7,473

4 hours; 3 Months

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Markets Overview:

The UK 100 called to open +27 points at 7,473.  The UK 100 is expected to open higher on Friday, building on Thursday’s strong progress, after further strong gains in the US.  On Wall Street yesterday the Dow Jones jumped 1.7%, the S&P leapt 1.9% and the Nasdaq surged 1.8%.  Global markets have been boosted by perceptions interest rates have peaked following decisions by the Bank of England and Federal Reserve to leave interest rates unchanged, which lifted shares as bond yields fell.

 

Company News & Broker Comments:

Company News:

Currys agrees to sell Dixons South East Europe for 200m euros to Public Power Corp.

 

Wickes reports Q3 core Like-for-Like sales 1.1%, down from 2.3% QoQ, as their Q3 total Like-for-Like sales were down 0.2%.

 

Broker Comments:

JP Morgan Upgrades Smith & Nephew to Overweight from Neutral (7 Buys / 6 Holds / 0 Sells)

Reporting Today:

UK

 

None

 

 

US

 

None

Reporting Monday:

UK

 

None

 

 

US

 

Activision Blizzard

 

 

In Focus Today:

Caixin Services PMI

German Trade Balance s.a.

EU Unemployment Rate

US Average Hourly Earnings

US Labor Force Participation Rate

US Nonfarm Payrolls

US Unemployment Rate

US S&P Global Composite PMI

US Factory Orders

US ISM Services PMI

 

Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 9th November 2023:

 

Whitbread

 

UK 250 companies going ex-dividend on 9th November 2023:

 

Ashmore Group

PZ Cussons

European Smaller Companies Trust

ME Group International

Renishaw

Hilton Food Group

Tritax Big Box REIT

BlackRock Smaller Companies Trust

VinaCapital Vietnam Opportunity Fund

Edinburgh Investment Trust

European Opportunities Trust

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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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.


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