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Morning Report - 8 January 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Next PLC 9,912.0 3.8%
Jd Sports Fashion PLC 101.5 3.6%
International Consolidated Airlines Group S.A. 304.5 2.7%
BP PLC 422.0 1.9%
Halma PLC 2,745.0 1.6%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Taylor Wimpey PLC 114.6 -4.5%
WPP PLC 758.0 -4.1%
Persimmon PLC 1115.0 -4.0%
Natwest Group PLC 395.2 -3.5%
Barclays PLC 265.7 -2.6%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,245 -0.1% 7.2%
DOW JONES INDUS. AVG 42,528 -0.4% 13.5%
DAX INDEX 20,341 0.6% 22.6%
NIKKEI 225 40,083 2.0% 20.1%
S&P/ASX 200 INDEX 8,282 0.0% 11.1%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 74.25 0.94%
Brent Crude (ICE) USD/bbl. 77.24 1.23%
Gold Spot USD/t oz. 2,649 0.0%
Copper (Comex) USd/lb. 420 0.8%
The UK 100 called to open flat at 8,245

4 Hours; 7 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open flat at 8,245.  The UK 100 looks set for a muted open this morning, this comes on the back of a fall for the major US indices.

Asian stocks are mixed this morning, with the Hang Seng down another 1% and India’s Sensex almost as much, but the Shanghai, Seoul and Singapore indices in the green.

Stocks fell Tuesday as strong economic data raised questions about the possibility of Federal Reserve rate cuts later this year, leading to a spike in Treasury yields. Declines across major tech stocks also dragged the market lower.  The S&P dipped 1.11% to close at 5,909.03. The Dow Jones lost 178.20 points, or 0.42%, and ended at 42,528.36. The Nasdaq slid 1.89% to 19,489.68. The major averages traded higher earlier in the day before rolling over.  Data released Tuesday by the Institute for Supply Management reflected faster-than-expected growth

 

 

Company News & Broker Comments:

Company News:

Shell PLC update contains its headline fourth-quarter outlook, and is sparse with full quarterly results set to be finalised by January 30.  It sets out headline numbers for each division, including production and adjusted earnings, with Integrated Gas production expected to decline due to maintenance at the Pearl Gas to Liquids plant in Qatar and reduced liquid natural gas volumes, with Q3 adjusted earnings expected to be in a range of $1.2-1.6 billion in Q4 compared to $1.4 billion in Q3.

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

UK

 

Shell

 

 

US

 

None

Reporting Tomorrow:

UK

 

B&M European Value Retail

Greggs

Marks & Spencer

Tesco

Unite

 

US

 

None

In Focus Today:

German Factory Orders

German Retail Sales

EU Business Climate

EU Consumer Confidence

US ADP Employment Change

Fed’s Waller speech

FOMC Minutes

Tomorrow’s Ex-Dividends:

UK 100 companies going ex-dividend on 9th January 2025:

 

Experian

Sage Group

Ashtead Group

Games Workshop Group

UK 250 companies going ex-dividend on 9th January 2025:

 

QinetiQ Group

XPS Pensions Group

Workspace Group

Greencore Group

AJ Bell

Primary Health Properties

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