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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Anglo American | 3,700.0 | 7.3% |
| Fresnillo | 3,902.0 | 6.4% |
| Antofagasta | 3,868.0 | 6.3% |
| Endeavour Mining | 4,272.0 | 3.9% |
| Glencore | 517.3 | 3.3% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| RELX | 2,214.0 | -14.4% |
| London Stock Exchange Group | 7,180.0 | -12.8% |
| Experian | 2,555.0 | -8.3% |
| Intermediate Capital Group | 1,656.0 | -8.2% |
| Pearson | 894.6 | -7.7% |
| Major World Indices | Price | % Chg | 1 Year |
| FTSE 100 INDEX | 10,315 | 0.3% | 20.4% |
| DOW JONES INDUS. AVG | 49,241 | 0.3% | 10.5% |
| DAX INDEX | 24,781 | 0.1% | 15.2% |
| NIKKEI 225 | 54,293 | 0.8% | 39.9% |
| S&P/ASX 200 INDEX | 8,928 | 0.8% | 6.6% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 63.56 | 0.57% |
| Brent Crude (ICE) | USD/bbl. | 67.60 | 0.40% |
| Gold Spot | USD/t oz. | 5,090 | 2.9% |
| Copper (Comex) | USd/lb. | 606 | 0.4% |
Click graph to enlarge
The UK 100 is called to open +7 at 10,321. The UK 100 looks set to open marginally higher this morning, having pulled back yesterday from record levels. The UK 100 slipped 0.3%, as sharp losses in AI-exposed technology and data-analytics stocks offset gains in miners and energy. Precious-metal miners rallied strongly after gold posted its biggest daily gain since 2008. RELX and the London Stock Exchange Group were among the weakest performers, while heavyweight miners such as Rio Tinto and Anglo American advanced on higher copper and gold prices.
The S&P pulled back as investors dumped technology stocks and moved into shares more broadly linked to improvements in the economy. The broad market index fell 0.84% and closed at 6,917.81. The Dow Jones dipped 166.67 points, or 0.34%, to end at 49,240.99. Earlier, the 30-stock index rose as much as 0.5% to touch 49,653.13, a new record. The Nasdaq shed 1.43%, settling at 23,255.19. Most tech shares were in the red, including most of the “Magnificent Seven” names that have reported earnings so far, Microsoft and Meta Platforms were both down more than 2%, while Apple was marginally lower. Nvidia also slumped, with the artificial intelligence bellwether’s nearly 3% drop adding to its losses for the year. Meanwhile, software stocks continued their 2026 tumble, with shares of ServiceNow and Salesforce falling close to 7% each.
Asian markets were mixed after Tuesday’s sharp rebound. South Korea outperformed again, with the KOSPI hitting fresh record highs, supported by chipmakers and hardware names. Japan lagged, with the Nikkei slipping, as the yen weakened ahead of this weekend’s national election. Elsewhere, Chinese and Hong Kong equities were modestly higher, while Australia extended gains following the RBA’s rate hike earlier in the week. Software stocks across Asia fell sharply, tracking US peers, as fears grew that AI advances could undermine legacy software pricing models.
DCC said on Wednesday that third‑quarter adjusted operating profits had grown strongly year‑on‑year on a continuing basis, supported by solid organic growth and a first‑time contribution from recently acquired Austrian LPG business, FLAGA.
GSK on Wednesday forecast sales growth to slow in 2026 in the first outlook presented by new CEO Luke Miels as the drugmaker shifts focus on expanding its pipeline to counter looming patent expiries for its top-selling HIV drugs. The firm expects revenue to grow 3 % to 5% this year, at constant currency rates, after rising 7% in 2025.
UK
DCC (DCC) – Q3 Trading Statement
Entain (ENT) – Full Year Results
Watches Of Switzerland Group (WOSG) – Q3 Trading Update
GSK (GSK) – Full Year Results
US
AbbVie Inc (NYSE:ABBV) PMO
Eli Lilly and Co (NYSE:LLY) PMO
Novo Nordisk (NYSE:NVO) PMO
Uber Technologies Inc (NYSE:UBER) PMO
Alphabet Inc (NASDAQ:GOOGL) AMC
ARM Holdings (NASDAQ:ARM) AMC
Qualcomm Inc (NASDAQ:QCOM) AMC
Snap Inc (NYSE:SNAP) AMC
Markel Group Inc (NYSE:MKL) E
UK
BT Group (BT.A) – Q3 Trading Update
Compass Group (CPG) – Q1 Trading Update
JTC (JTC) – Q3 Trading Update
Vodafone Group (VOD) – Q3 Trading Update
Shell (SHEL) – Full Year Results
Anglo American – Q4 2025 Production Report
US
Barrick Mining Corp (NYSE:B) PMO
Bristol-Myers Squibb Co (NYSE:BMY) PMO
Estee Lauder (NYSE:EL) PMO
Amazon.com Inc (NASDAQ:AMZN) AMC
Illumina Inc (NASDAQ:ILMN) AMC
Strategy Inc (NASDAQ:MSTR) AMC
Chinese RatingDog Services PMI
German HCOB PMI
EU Harmonized Index of Consumer Prices
EU Producer Price Index
US ADP Employment Change
US S&P Global Composite PMI
US ISM Services PMI
Fed’s Cook speech
UK 100 companies going ex-dividend on 5th February 2026:
None
UK 250 companies going ex-dividend on 5th February 2026:
Avon Technologies
Paragon Banking Group
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