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

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

Morning Report - 4 November 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Reckitt Benckiser Group PLC 4,994.0 6.6%
Schroders PLC 358.8 4.3%
Intermediate Capital Group PLC 2,130.0 3.3%
Associated British Foods PLC 2,283.0 2.8%
Melrose Industries PLC 487.5 2.6%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Vistry Group PLC 894.5 -1.7%
Entain PLC 734.4 -1.4%
Smith (Ds) PLC 539.0 -1.2%
Fresnillo PLC 735.5 -0.5%
Sainsbury (J) PLC 264.8 -0.5%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,177 0.8% 10.2%
DOW JONES INDUS. AVG 42,052 0.7% 23.5%
DAX INDEX 19,255 0.9% 26.8%
NIKKEI 225 38,054 -2.6% 19.1%
S&P/ASX 200 INDEX 8,165 0.6% 17.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 70.88 2.00%
Brent Crude (ICE) USD/bbl. 74.47 1.87%
Gold Spot USD/t oz. 2,738 0.0%
Copper (Comex) USd/lb. 443 1.4%

 

The UK 100 called to open -5 points at 8,172

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open -5 points at 8,172. The UK 100 looks set to open broadly flat from the close price from Friday.

Sterling is up by 0.6% to $1.298, reflecting pressure on the dollar ahead of the US presidential election and this week’s Federal Reserve meeting.

The Dow Jones gained 288.73 points, or 0.69%, ending at 42,052.19. The S&P advanced 0.41% to close at 5,728.80, and the Nasdaq rose 0.8% to 18,239.92.

Company News & Broker Comments:

Company News:

Anglo American has agreed terms for the sale of its 33.3% minority interest in Jellinbah Group Pty Ltd.

 

Ryanair said on Monday that average fares fell 10% in the six months ended September, leading to an 18% year-on-year fall in first-half profit, but its current quarter bookings looked strong and ticket price weakness was moderating.  After-tax profit for the first half of Ryanair’s financial year was 1.79 billion euros ($1.95 billion), just short of the 1.8 billion euro profit forecast in a company poll of analysts.

Broker Comments:

 

Standard Chartered cut to Neutral by Goldman Sachs (5 Buys / 7 Holds / 1 Sell)

 

Natwest raised to outperform by KEEFE. BRUYETTE & WOODS (11 Buys / 6 Holds / 0 Sells)

Reporting Today:

UK

 

Empiric Student Property

 

 

US

 

Palantir Technologies

Vertex Pharmaceuticals

Reporting Tomorrow:

UK

 

Associated British Foods

International Workplace Group

TI Fluid Systems

TP ICAP

Weir Group

 

US

 

None

 

 

In Focus Today:

German HCOB Manufacturing PMI

EU Sentix Investor Confidence

US Factory Orders

US Loan Officer Survey

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 7th November 2024:

 

Unilever

Airtel Africa

JD Sports Fashion

HSBC Holdings

BP

UK 250 companies going ex-dividend on 7th November 2024:

 

ME Group International

SThree

Genus

Ashmore Group

European Opportunities Trust

Bytes Technology Group

Softcat

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.
.