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Morning Report - 23 December 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Fresnillo 3,260.0 2.8%
Airtel Africa 333.0 2.0%
Endeavour Mining 3,986.0 1.9%
Rio Tinto 5,931.0 1.6%
Melrose Industries 582.0 0.9%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
DCC 4,708.0 -5.4%
Diageo 1,617.0 -3.7%
Coca-Cola Europacific Partners 6,280.0 -2.3%
Pershing Square Holdings 4,800.0 -2.0%
Ashtead Group 5,270.0 -1.4%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 9,866 -0.3% 22.0%
DOW JONES INDUS. AVG 48,363 0.5% 12.9%
DAX INDEX 24,284 0.0% 22.1%
NIKKEI 225 50,402 1.8% 28.7%
S&P/ASX 200 INDEX 8,724 0.3% 6.4%
Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 58.01 2.64%
Brent Crude (ICE) USD/bbl. 62.07 2.65%
Gold Spot USD/t oz. 4,450 0.1%
Copper (Comex) USd/lb. 551 0.0%

 

The UK 100 is called to open -9 points at 9,865.

4 Hours; 5 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open -9 points at 9,865.  
Stocks in London are set to open slightly lower on Tuesday, after mixed trade in Asia, and failing to replicate Wall Street’s advance as eyes turn to US economic data.

The UK’s blue chip index is indicated the to open around 9 points lower, 0.1%, at 9,856.97. The index of London large-caps closed down 31.45 points, 0.3% at 9,865.97 on Monday.

The S&P rose on Monday, supported by a rise in artificial intelligence names, to start a shortened holiday week.  The broad market index gained 0.64% to reach 6,878.49, posting its third positive day in a row. The Dow Jones advanced 227.79 points, or 0.47% to finish at 48,362.68. The Nasdaq climbed 0.52% to 23,428.83.

Asian equities extended gains, tracking Wall Street’s advance and benefitting from continued momentum buying ahead of the holidays. Risk sentiment remained supportive despite lower liquidity conditions.

Japan remained the focal point. The yen strengthened for a second consecutive session after Japan’s finance minister issued the strongest warning yet on readiness to intervene against excessive currency moves. That pushback prompted yen bears to step aside, even as markets continued to digest last week’s Bank of Japan rate hike and its cautious forward guidance.

Japanese government bond yields remained elevated following the policy shift, while equities were mixed as a firmer currency weighed modestly on exporters. Elsewhere in the region, Asia-Pacific equities posted moderate gains, supported by tech strength and a softer US dollar.

The gold price has moved deeper into record territory after adding 0.8% in Asia trading to stand at $4480 an ounce.

Company News & Broker Comments:

 

Company News:

Pets at Home Group, the UK’s leading pet care business, is pleased to announce the appointment of James Bailey as Chief Executive Officer with effect from 30 March 2026.  Bailey was most recently Managing Director of Waitrose, a position he held for over five years from April 2020. During his tenure, he led Waitrose to strong sales and profit growth, steering the business through the challenging Covid period and its immediate aftermath of high inflation. He also relaunched Waitrose.com after the company moved off the Ocado platform. Prior to his appointment at Waitrose, James held a number of senior roles over twenty years at J Sainsbury plc, including Grocery Buying Director.

Reporting Today:

 

UK

 

None

US

 

None

Reporting Tomorrow:

 

UK

 

None

US

 

None

In Focus Today:

 

US ADP Employment Change 4-week average

US Core Personal Consumption Expenditures

US Durable Goods Orders

US Gross Domestic Product

US Industrial Production

US Consumer Confidence

Next Week’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 29th December 2025:

BT Group

British American Tobacco

 

UK 250 companies going ex-dividend on 29th December 2025:

No Dividends to be paid

 

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.


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