Getting latest data loading
Home / Morning Report / Morning Report – 5th October 2023

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

Morning Report - 5 October 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Tesco PLC 269.2 3.7%
International Consolidated Airlines Group S.A. 149.9 3.5%
Aviva PLC 385.6 2.7%
Sainsbury (J) PLC 253.5 2.1%
Smurfit Kappa Group PLC 2,704.0 2.0%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Whitbread PLC 3,274.0 -4.1%
BP PLC 495.8 -3.9%
Fresnillo PLC 518.1 -3.5%
Bae Systems PLC 979.8 -3.5%
Entain PLC 906.0 -3.3%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,385 -1.1% 5.4%
DOW JONES INDUS. AVG 33,017 0.0% 8.6%
DAX INDEX 15,049 -0.2% 19.7%
NIKKEI 225 30,527 -2.3% 12.6%
S&P/ASX 200 INDEX 6,890 -0.8% 1.1%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 86.24 -3.35%
Brent Crude (ICE) USD/bbl. 87.83 -3.40%
Gold Spot USD/t oz. 1,825 0.1%
Copper (Comex) USd/lb. 357 -1.3%
The UK 100 called to open +33 points at 7,445.

4 hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +33 points at 7,445.   The UK 100 looks set to open higher on Thursday after strong gains in the US.  Softer economic data boosted equities along with a slide in bond yields although a sharp fall in oil prices limited gains in the Dow. the Dow Jones Industrial Average closed up 0.4%, the S&P 500 rose 0.8% and the Nasdaq Composite climbed 1.4%.  In focus today will be weekly jobless claims figures in the US ahead of non-farm payrolls figures on tomorrow.

 

 

Company News & Broker Comments:

Company News:

Anglo American cycle 8 rough diamond sales came in at $200m, down from $508m YoY.

 

 

Ferrexpo says their Q3 performance has “exceeded” expectations as they operate two out of four pellet lines. They continue to produce, transport, sell despite the challenging environment in Ukraine. Their Q3 total iron ore pellet production came in at 1.25bn tonnes, up 17% on Q2.

 

 

Imperial Brands says they are on track to deliver FY guidance, sees growth in YTD.

 

 

National Grid says they are performing in line with own expectations as they expect underlying EPS to have greater weighting in H2.

 

 

Unite announce that their CEO Richard Smith will step down from Dec 31st. They have appointed CFO Joe Lister to succeed him as their new CEO, as investment director Michael Burt becomes CFO.

 

Broker Comments:

 JP Morgan places Reckitt Benckiser on ‘Positive catalyst watch’ (7 Buys / 4 Holds / 0 Sells)

Reporting Today:

UK

 

Ferrexpo

 

 

 

US

 

Constellation Brands

Reporting Tomorrow:

UK

 

Wetherspoon

 

 

US

 

None

 

 

In Focus Today:

German Trade Balance s.a.

US Challenger Job Cuts

US Initial Jobless Claims

Japanese Labor Cash Earnings

 

This Morning’s Ex-Dividends:

UK 100 companies going ex-dividend on 5th October 2023:

 

Smith & Nephew

Weir Group

Centrica

F&C Investment Trust

 

 

UK 250 companies going ex-dividend on 5th October 2023:

 

Hays

Bank of Georgia Group

Morgan Sindall Group

Travis Perkins

Merchants Trust

Hunting

Finsbury Growth & Income Trust

Bodycote

JPMorgan Emerging Markets Invest Trust

Murray International Trust

RIT Capital Partners

Spectris

Barr (A.G.)

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.
.