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

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

Morning Report - 4 October 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Rolls-Royce Holdings PLC 533.4 2.8%
Tesco PLC 364.0 2.6%
Shell PLC 2,564.0 1.7%
Scottish Mortgage Investment Trust PLC 856.0 1.7%
Jd Sports Fashion PLC 142.5 1.5%
Yesterday’s UK 100 Laggards Price (p) % Chg
Phoenix Group Holdings PLC 523.5 -5.8%
Diploma PLC 4208.0 -5.1%
M&G PLC 202.4 -2.5%
Hargreaves Lansdown PLC 1085.0 -2.4%
Prudential PLC 703.2 -2.4%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,283 -0.1% 11.7%
DOW JONES INDUS. AVG 42,012 -0.4% 26.8%
DAX INDEX 19,015 -0.8% 25.9%
NIKKEI 225 38,636 0.2% 26.6%
S&P/ASX 200 INDEX 8,150 -0.7% 18.3%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 73.65 -0.08%
Brent Crude (ICE) USD/bbl. 77.57 -0.06%
Gold Spot USD/t oz. 2,663 0.3%
Copper (Comex) USd/lb. 456 0.1%
The UK 100 called to open -12 points at 8,270.

1 Day; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -12 points at 8,270.  The UK 100 looks set to open marginally lower this morning ahead of todays Non-Farm Payrolls number, due out of the US at 1.30pm.

Stateside yesterday saw all three major indices end the day in the red, as Middle Eastern tensions continued to weigh on market sentiment as we enter the 4th quarter.

The Dow Jones slid 184.93 points, or 0.44%, to end at 42,011.59. The S&P lost 0.17% to close at 5,699.94. The Nasdaq ended the day off 0.04% at 17,918.48.

 

Company News & Broker Comments:

Company News:

 

J D Wetherspoon has today reported a 73.5% jump in annual profit, helped by resilient customer demand.  The group, which owns and operates pubs across the UK and Ireland, reported a profit before tax of £73.9m for the year ended July 28, compared with £42.6m a year ago.

 

Watches of Switzerland said it had bought Hodinkee, a specialist website for luxury watch enthusiasts, for an undisclosed sum. The company on Friday said the deal was part of its plan to leverage growth opportunities and grab market share, “particularly in the fast growing US market”. Headquartered in New York and founded in 2008, Hodinkee offers digital print and video content, limited edition watch collaborations alongside watch and jewellery insurance services. It has an audience of 22.2 million annual unique visitors to its website with more than one million social media followers, WoS said.

 

Broker Comments:

Jefferies Downgrades SSE to Hold from Buy (13 Buy / 3 Hold / 0 Sell)

 

UBS Downgrades Phoenix Group to Neutral from Buy (8 Buy / 3 Hold / 3 Sell)

Reporting Today:

UK

 

Wetherspoon (JD)

 

 

US

 

None

 

Reporting Monday:

UK

 

None

 

 

US

 

None

 

 

In Focus Today:

EU Producer Price Index

US Nonfarm Payrolls

US Average Hourly Earnings

US Unemployment Rate

Fed’s Williams speech

 

 

Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 10th October 2024:

 

Taylor Wimpey

WPP

Kingfisher

Tesco

 

UK 250 companies going ex-dividend on 10th October 2024:

 

JPMorgan Emerging Markets Invest Trust

Merchants Trust

Bluefield Solar Income Fund

Supermarket Income REIT

Primary Health Properties

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.
.