Getting latest data loading
Home / Morning Report / Morning Report – 4th January 2024

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

Morning Report - 4 January 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
GSK PLC 1,519.0 2.7%
Centrica PLC 144.6 2.3%
Marks And Spencer Group PLC 281.8 2.1%
Tesco PLC 297.9 1.6%
Sainsbury (J) PLC 303.2 1.5%
Yesterday’s UK 100 Laggards Price (p) % Chg
Rentokil Initial PLC 408.9 -5.5%
Anglo American PLC 1,864.1 -5.3%
Pershing Square Holdings LTD 3,426.0 -4.0%
Antofagasta PLC 1,593.5 -3.5%
Spirax-Sarco Engineering PLC 9,860.0 -3.5%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,675 -0.6% 1.6%
DOW JONES INDUS. AVG 37,468 -0.7% 12.9%
DAX INDEX 16,514 -1.5% 17.2%
NIKKEI 225 33,464 -0.2% 28.2%
S&P/ASX 200 INDEX 7,523 -1.4% 6.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 72.52 3.04%
Brent Crude (ICE) USD/bbl. 78.02 2.81%
Gold Spot USD/t oz. 2,034 -1.2%
Copper (Comex) USd/lb. 386 -0.5%
The UK 100 called to open +8 points at 7,690.

4 hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +8 points at 7,690.  The UK 100 is expected to open higher on Thursday after a downbeat start to the year.  Overnight, US markets closed lower after Federal Reserve officials said interest rates would need to stay high for some time, although they indicated rates have peaked. The tech-heavy Nasdaq lost 1.18% to close at 14,592.21, marking its fourth consecutive losing day. The S&P slipped 0.80% to end at 4,704.81. The Dow Jones slid 284.85 points, or 0.76%, finishing at 37,430.19.

 

 

Company News & Broker Comments:

Company News:

JD Sports Fashion have lowered their annual profit forecast, hurt by a slowdown in consumer spending and tepid demand for apparel amid mild weather conditions. They expect their FY profit before tax to be between £915-935m, down from earlier forecasts of £1.04bn.

 

Next have raised their profit forecast for the year to end-January 2024 for the fifth time in eight months as they reported a better-than-expected 5.7% rise in full-price sales for the nine weeks to December 30th. They expect their FY pretax profit to be £905m, ahead of previous guidance of £885m.

 

 

Broker Comments:

Jefferies Downgrades Tullow Oil to Underperform from Hold (4 Buys / 3 Holds / 0 Sells)

Reporting Today:

UK

 

None

 

 

US

 

None

Reporting Tomorrow:

UK

 

Next

 

US

 

Walgreens Boots Alliance

 

 

In Focus Today:

Chinese Caixin Services PMI

German HCOB Composite PMI

German HCOB Services PMI

EU HCOB Composite PMI

US Challenger Job Cuts

German Harmonized Index of Consumer Prices

German Consumer Price Index

US ADP Employment Change

US Initial Jobless Claims

US S&P Global Composite PMI

 

 

Today’s Ex-Dividends:

UK 100 companies going ex-dividend on 4th January 2023:

 

Auto Trader Group

Experian

F&C Investment Trust

 

 

UK 250 companies going ex-dividend on 4th January 2023:

 

 

Big Yellow Group

Dr. Martens

Workspace Group

Murray International Trust

QinetiQ Group

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.
.