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Morning Report - 3 June 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
Antofagasta 4,408.0 6.5%
easyJet 462.7 5.4%
Glencore 615.0 4.6%
Anglo American 4,225.0 4.1%
Barclays 469.9 3.4%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Airtel Africa 334.6 -5.2%
The Sage Group 870.8 -4.4%
Endeavour Mining 4,250.0 -3.8%
Experian 2,588.0 -3.3%
London Stock Exchange Group 8,924.0 -2.9%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 10,374 0.3% 18.2%
DOW JONES INDUS. AVG 51,308 0.5% 20.7%
DAX INDEX 25,124 0.5% 4.3%
NIKKEI 225 68,631 2.8% 83.3%
S&P/ASX 200 INDEX 8,786 0.7% 3.8%

 

Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 95.39 1.74%
Brent Crude (ICE) USD/bbl. 97.68 1.75%
Gold Spot USD/t oz. 4,462 0.6%
Copper (Comex) USd/lb. 663 0.7%
The UK 100 is called to open -27 points at at 10,346. 

4 Hours; 4 Months

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Markets Overview:


The UK 100 is called to open -27 points at at 10,346.  
Stocks in London are set to open slightly lower on Wednesday, as investors monitor developments in US-Iran talks and await a busy slate of global PMI readings.

Meanwhile, US President Donald Trump said the US and Iran were speaking “continuously”, dismissing reports that Tehran had suspended contact with Washington over Israel’s attacks on Lebanon.

“Fake news reports that the Islamic Republic of Iran, and the USA stopped speaking a few days ago are false and erroneous,” Trump said on his Truth Social platform.  Trump added: “Where they lead, one never knows, but as I told Iran, ‘It’s time, one way or another, for you to make a deal. You’ve been doing this for 47 years, and it cannot be allowed to go on any longer!'”

In the US on Tuesday, Wall Street ended higher, with the Dow Jones up 0.5%, the S&P up 0.1% and the Nasdaq marginally higher.

In Asia on Wednesday, the Nikkei 225 index in Tokyo was up 2.9%.  Supporting sentiment, Japan’s cabinet approved a USD19 billion supplementary budget aimed at helping households cope with rising living costs linked to the Iran war.  The prime minister’s office said the cabinet approved JPY3.114 trillion in additional spending. Chief Cabinet Secretary Minoru Kihara said the package would ensure “robust financial readiness” and help prevent disruption to daily life and economic activity as prices remain elevated.

In China, the Shanghai Composite was up 0.4%, while the Hang Seng index in Hong Kong was down 1.7%.  Data showed Chinese business activity strengthened in May as services growth accelerated despite a moderation in manufacturing activity.  According to S&P Global, the RatingDog China composite purchasing managers’ index rose to 54.0 points in May from 53.1 in April. The services PMI climbed to 54.4 points from 52.6, comfortably ahead of the consensus forecast of 52.3.

 

Company News & Broker Comments:

 

Company News:

 

B&M warned on Wednesday of upward cost pressures in the year ahead from the Middle East conflict, as it reported a 26% drop in annual profit on flat like-for-like UK sales and deep price cuts.  The retailer, which sells everything from groceries, furniture to garden items, said it had seen a slow start to its key garden season, though better weather in late May has since driven a recovery in sales of seasonal categories.  The group, which launched a turnaround strategy after two profit warnings in the past year, reported £459 million in adjusted core profit for the year ended March 28.

Reporting Today:

 

UK

None

 

US

Medtronic (MDT) PMO

Broadcom (AVGO) AMC

CrowdStrike (CRWD) AMC

 

Reporting Tomorrow:

 

UK

Mitie Group (MTO) – Full Year Results

 

US

Docusign (DOCU) AMC

Lululemon (LULU)​​​​​​​​​​​​​​​​​​​​​ AMC

 

 

In Focus Today:

 

EU HCOB Composite PMI

EU Producer Price Index

BoE Monetary Policy Report Hearings

US ADP Employment Change

US S&P Global Composite PMI

US Factory Orders

US ISM Services PMI

Fed’s Beige Book

 

Tomorrow’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 4th June 2026:

Sainsbury (J)

Vodafone Group

Marks & Spencer Group

LondonMetric Property

Sage Group

 

UK 250 companies going ex-dividend on4th June 2026:

Marshalls

WPP

Johnson Matthey

Pets at Home

Computacenter

Energean

AJ Bell

Law Debenture

 

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