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Morning Report - 5 January 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Next PLC 8,526.8 5.5%
Beazley PLC 549.0 4.3%
Hikma Pharmaceuticals PLC 1,857.0 2.4%
BAE Systems PLC 1,157.5 2.1%
Schroders PLC 430.5 2.0%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
JD Sports Fashion PLC 120.2 -22.9%
Croda International PLC 4,646.0 -4.8%
Frasers Group PLC 840.8 -3.5%
Flutter Entertainment PLC 13,360.0 -2.6%
Fresnillo PLC 543.6 -1.7%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,725 0.6% 1.3%
DOW JONES INDUS. AVG 37,694 0.7% 12.8%
DAX INDEX 16,626 0.5% 14.0%
NIKKEI 225 33,288 -0.5% 28.9%
S&P/ASX 200 INDEX 7,494 -0.4% 6.1%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 71.63 -1.47%
Brent Crude (ICE) USD/bbl. 77.07 -1.51%
Gold Spot USD/t oz. 2,046 0.2%
Copper (Comex) USd/lb. 383 -0.8%
The UK 100 called to open -50 points at 7,673.

4 hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -50 points at 7,673.  The UK 100 looks set to give up all of yesterdays gains and then some this morning, as investors await the US jobs report for further clues as to the path of interest rates.  In the US on Thursday, Wall Street ended mostly lower, with the Dow Jones Industrial Average marginally higher, the S&P 500 down 0.3% and the Nasdaq Composite down 0.6%.

 

 

Company News & Broker Comments:

Company News:

Clarkson expects their 2023 results to be above market expectations following a strong Q4.

 

Ithaca Energy CEO Alan Bruce is to step down and CFO Iain Lewis will be appointed interim CEO immediately.

 

 

Broker Comments:

Jefferies Downgrades Mondi to Hold from Buy (3 Buys / 2 Holds / 0 Sells)

Reporting Today:

UK

 

Next

 

 

US

 

Walgreens Boots Alliance

Reporting Tomorrow:

UK

 

None

 

US

 

None

 

 

In Focus Today:

German Retail Sales

EU Core Harmonized Index of Consumer Prices

EU Producer Price Index

US Average Hourly Earnings

US Unemployment Rate

US Nonfarm Payrolls

US ISM Services PMI

 

 

Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 11th January 2023:

 

SSE

Sage Group

Ashtead Group

 

 

UK 250 companies going ex-dividend on 11th January 2023:

 

 

WH Smith

Foresight Group Holdings

AJ Bell

Balanced Commercial Property Trust

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