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Morning Report - 12 January 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
Glencore 452.7 9.6%
Antofagasta 3,473.0 4.1%
Auto Trader Group 593.6 3.8%
Shell 2,640.0 3.1%
Marks & Spencer Group 354.8 3.0%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
J Sainsbury 311.6 -5.3%
Endeavour Mining 3,984.0 -5.0%
Rio Tinto 6,006.0 -3.0%
International Consolidated Airlines Group 424.1 -2.7%
Vodafone Group 101.2 -2.4%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 10,125 0.8% 22.7%
DOW JONES INDUS. AVG 49,504 0.5% 18.0%
DAX INDEX 25,262 0.5% 25.0%
NIKKEI 225 51,940 1.6% 32.5%
S&P/ASX 200 INDEX 8,759 0.5% 5.6%

 

Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 59.07 0.08%
Brent Crude (ICE) USD/bbl. 63.29 0.06%
Gold Spot USD/t oz. 4,585 1.7%
Copper (Comex) USd/lb. 601 1.8%
The UK 100 is called to open -12 points at 10,112.

4 Hours; 2 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open -12 points at 10,112.
The UK 100 looks set to open marginally lower this morning.  This marginal decline comes after the index closed at a record high on Friday. This follows news on Sunday that Federal Reserve Chair Jerome Powell said the central bank has been served with grand jury subpoenas from the US Department of Justice, raising the threat of a criminal indictment. Powell said the subpoenas relate to his testimony before the Senate Banking Committee in June and to ongoing renovations at the Federal Reserve headquarters.  Powell said: “Those are pretexts. The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president. This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation.”

The S&P rose to new highs on Friday, notching a weekly gain, following the release of the latest jobs report.  The broad market index closed up 0.65% to 6,966.28, a fresh record close. It also notched a new all-time intraday high in the session. The Nasdaq gained 0.81% to 23,671.35. The Dow Jones added 237.96 points, or 0.48%, to end at 49,504.07, scoring a new closing record as well.  The three major averages posted a winning week. The S&P 500 was up more than 1% week to date, while the Dow and Nasdaq jumped 2.3% and 1.9%, respectively.

The December jobs report showed nonfarm payrolls increasing by 50,000 last month, less than the 73,000 that economists polled by Dow Jones had estimated. That data, though slightly weaker than expected, showed a U.S. economy that’s still trudging along, with investors anticipating that growth will ramp up.  The unemployment rate inched down to 4.4%, while economists had forecast 4.5%. Traders took that as a sign that improvement in the economy would happen soon.

Asian equities mostly rose, led by technology and artificial intelligence stocks, although broader gains were capped by geopolitical and macro risks.  South Korea’s KOSPI gained 1.2% on strength in tech and chipmakers. Hong Kong’s Hang Seng rose 0.8%, while China’s CSI 300 and Shanghai Composite added between 0.5% and 1%.

Company News & Broker Comments:

 

Company News:

British Land today said that chief executive Simon Carter has announced his intention to step down after five years at the helm.  He is to become the CEO of P3 Logistics Parks, the GIC-owned investor, manager, and developer of logistics properties in Europe.  Carter, who initially joined British Land in 2004, has a 12-month notice period.  British Land owns or manages a portfolio valued at £15.2 billion, spanning London campuses, retail parks and urban logistics.

 

JD Sports Fashion today said it is partnering with Commercetools and payment firm Stripe to allow “one-click purchases” through AI platforms.  It is the latest move by a major retailer to adapt to a shift by consumers towards using AI platforms such as ChatGPT and Copilot.  JD Sports said it will launch the technology in the US in the coming months.The group hopes to expand this in other regions but will adapt to the regulatory environments in different countries as policymakers adapt to AI.

Reporting Today:

 

UK

 

Games Workshop Group (GAW)

US

 

None

Reporting Tomorrow:

 

UK

 

Grafton Group (GFTU)

Hunting (HTG)

PageGroup (PAGE)

Persimmon (PSN) – Trading Update

US

 

Delta Air Lines Inc (NYSE:DAL) PMO

JPMorgan Chase & Co (NYSE:JPM) PMO

In Focus Today:

 

EU Sentix Investor Confidence

Fed’s Bostic speech

This Week’s Ex-Dividends:

 

 

UK 100 companies going ex-dividend on 15th January 2026:

Diploma

Compass

 

UK 100 companies going ex-dividend on 16th January 2026:

 

Next

 

 

UK 250 companies going ex-dividend on 15th January 2026:

Grainger

Foresight Group Holdings

Future

AJ Bell

 

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