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Morning Report - 4 December 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Glencore PLC 383.1 6.3%
Antofagasta PLC 2,907.0 4.9%
Anglo American PLC 2,927.0 2.5%
Berkeley Group Holdings (The) PLC 3,678.0 2.5%
Weir Group PLC 2,852.0 2.2%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Metlen Energy & Metals PLC 42.1 -5.1%
Sainsbury (J) PLC 312.4 -4.2%
Natwest Group PLC 622.0 -2.8%
Standard Chartered PLC 1,660.5 -2.4%
Marks And Spencer Group PLC 332.5 -2.2%
Major World Indices Price % Chg 1 Year
FTSE 100 INDEX 9,692 -0.1% 16.3%
DOW JONES INDUS. AVG 47,883 0.9% 7.1%
DAX INDEX 23,694 -0.1% 17.1%
NIKKEI 225 51,028 2.3% 29.9%
S&P/ASX 200 INDEX 8,618 0.3% 1.8%
Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 59.36 0.68%
Brent Crude (ICE) USD/bbl. 63.02 0.56%
Gold Spot USD/t oz. 4,190 0.3%
Copper (Comex) USd/lb. 540 0.2%
The UK 100 is called to open +28 points at 9,720.

4 Hours; 3 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open +28 points at 9,720.   
The UK 100 is set to open 28 points higher at 9,720, this follows fresh US data reinforcing expectations that the Federal Reserve will cut interest rates for a third straight time next week.

Stocks closed higher on Wednesday as the latest jobs data from ADP strengthened investors’ conviction that the Federal Reserve will cut interest rates next week.  The Dow Jones gained 408.44 points, or 0.86%, to finish at 47,882.90. The S&P traded up 0.30% to end the day at 6,849.72, while the Nasdaq added 0.17% to settle at 23,454.09.  Payrolls processor ADP reported that private payrolls surprisingly declined by 32,000 in November. Economists polled by Dow Jones had expected an increase of 40,000 for the month. Despite the tough reading, traders were likely betting that the private job losses will lead the Fed to slash rates at its last meeting of the year on December 10th.

In Asia this morning, Tokyo, Sydney and Manila rose, while Hong Kong, Shanghai, Seoul, and Singapore slipped.

Company News & Broker Comments:

 

Company News:

Frasers today highlighted “tough” market conditions as it posted a 2.8% drop in profits to £290.9 million for the six months to 26 October.  The company said its “solid” first half performance was driven by Sports Direct and stronger margins in its premium and luxury division, particularly at Flannels.  It continues to expect a full-year profit of between £550 million and £600 million.

Reporting Today:

 

UK

 

AJ Bell (AJB)

SSP Group (SSPG)

Watches of Switzerland Group (WOSG)

US

 

Docusign Inc (DOCU) AMC

Hewlett Packard Enterprise Co (HPE) AMC

Lululemon Athletica Inc (LULU) E

Reporting Tomorrow:

 

UK

 

None

US

 

None

In Focus Today:

 

EU Retail Sales

US Challenger Job Cuts

ECB’s Cipollone speech

US Initial Jobless Claims

ECB’s Lane speech

Fed’s Bowman speech

ECB’s De Guindos speech

Today’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 4th December 2025:

NEXT

SSE

ICG

Babcock International Group

 

UK 250 companies going ex-dividend on 4th December 2025:

Bellway

Ninety One

British Land

Telecom Plus

Energean

Pets at Home Group

 

 

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