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Morning Report - 3 February 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Smiths Group PLC 2,066.0 10.8%
Land Securities Group PLC 585.0 2.7%
Mondi PLC 1,262.5 2.4%
St. James’s Place PLC 1,054.0 2.3%
Jd Sports Fashion PLC 89.1 2.3%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Fresnillo PLC 696.0 -2.3%
Prudential PLC 678.2 -1.5%
Sainsbury (J) PLC 254.4 -1.5%
Associated British Foods PLC 1,902.0 -1.5%
Marks And Spencer Group PLC 335.8 -1.3%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,674 0.3% 13.9%
DOW JONES INDUS. AVG 44,545 -0.8% 15.2%
DAX INDEX 21,732 0.0% 28.5%
NIKKEI 225 38,520 -2.7% 6.5%
S&P/ASX 200 INDEX 8,379 -1.8% 8.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 74.20 2.30%
Brent Crude (ICE) USD/bbl. 76.68 1.33%
Gold Spot USD/t oz. 2,786 -0.4%
Copper (Comex) USd/lb. 422 -1.5%

 

The UK 100 called to open -95 points at 8577

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open -95 points at 8577. The UK 100 looks set to fall sharply this morning, after US president Donald Trump imposed 25% tariffs on Mexico and Canada.

The dollar has surged amid expectations the inflationary impact of the tariffs will result in US interest rates staying higher for longer than expected.

On Friday the broad market S&P index shed 0.50% to close at 6,040.53, while the Dow Jones tumbled 337.47 points, or 0.75%, weighed down by a decline in Chevron. The 30-stock Dow ended the session at 44,544.66. The tech-heavy Nasdaq slipped 0.28% to 19,627.44.

 

Company News & Broker Comments:

Company News:

Serica Energy announces that the OFAC License and secondary sanctions assurance relating to the Rhum field have been extended by two months to 31 March 2025. This extension is to allow the processing of the Company’s application for a new long-term license to be completed following the transition in US Administrations.  The License and assurance permit certain U.S. and U.S.-owned or controlled entities, and all non-U.S. entities, to continue providing goods, services and support to the Rhum field.

 

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

UK

 

HGCapital Trust (HTG)

 

US

 

Palantir Technologies (PLTR) AMC

Reporting Tomorrow:

UK

 

Crest Nicholson Holdings (CRST)

Diageo (DGE)

Vodafone Group (VOD)

 

US

 

Amgen (AMGN) PMO

Ball Corp (BALL) PMO

The Estee Lauder Companies (EL) PMO

Merck & Co (MRK) PMO

PayPal Holdings (PYPL) PMO

PepsiCo (PEP) PMO

Pfizer (PFE) PMO

Spotify Technology SA (SPOT) PMO

Willis Towers Watson (WTW) PMO

Advanced Micro Devices (AMD) AMC

Alphabet Inc C (GOOG) AMC

Alphabet Inc A (GOOGL) AMC

Mondelez (MDLZ) AMC

Snap Inc A (SNAP) AMC

In Focus Today:

Chinese Caixin Manufacturing PMI

German HCOB Manufacturing PMI

EU Harmonized Index of Consumer Prices

US ISM Manufacturing PMI

Fed’s Bostic speech

Fed’s Musalem speech

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 6th February 2025:

 

None

UK 250 companies going ex-dividend on 6th February 2025:

 

Paragon Banking Group

Bluefield Solar Income Fund

Aberforth Smaller Companies Trust

GCP Infrastructure Investments

Merchants Trust

Polar Capital Global Financials Trust

Henderson Smaller Cos Inv Tst

Impax Environmental Markets

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