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AI Daily 5 entries
LONDON MARKET CLOSE: Copper and oil gains aid FTSE 100 after drab open
- FTSE 100 Performance: Closed higher by 27.11 points (0.3%) at 9,250.43, supported by gains in mining and oil sectors.
- FTSE 250 and AIM All-Share: FTSE 250 ended slightly lower at 21,690.52, while AIM All-Share closed up 0.2% at 782.42.
- Mining Sector Gains: Miners Antofagasta (+9.3%), Anglo American (+4.7%), and Glencore (+3.0%) surged on a 2.7% spike in copper prices, driven by supply concerns from Freeport-McMoRan’s Indonesian mine suspension.
- Bank of England (BoE) Impact: Sterling weakened after Governor Andrew Bailey hinted at further rate cuts, depending on inflation trends.
- Currency Movements: Pound fell to USD1.3452, euro to USD1.1740, and dollar strengthened to JPY148.75.
- Oil Prices: Brent oil rose to USD68.94/barrel on geopolitical tensions and potential sanctions on Russian oil, boosting BP (+1.5%) and Shell (+1.1%).
- Gold Prices: Paused after record highs, trading at USD3,750.05/ounce.
- Corporate Highlights:
- JD Sports Fashion (-0.7%) cited a tough trading environment and strained consumer finances.
- Goodwin (+20%) surged on a USD16 million collaboration with Northrop Grumman, with potential orders exceeding USD200 million.
- Baltic Classifieds (-5.1%) reduced revenue and profit growth guidance due to weak Estonian car market.
- On The Beach (-20%) warned of lower profits due to last-minute holiday booking trends.
- European and US Markets: CAC 40 (-0.6%), DAX 40 (+0.2%), and US indices (Dow, S&P 500, Nasdaq) all down 0.1%.
- Upcoming Economic Data: US GDP, durable goods orders, jobless claims, and Swiss interest rate decision on Thursday.
- UK Corporate Updates: Trading statements expected from Halma and STV on Thursday.
LONDON MARKET MIDDAY: Stocks lower after Trump u-turn on Ukraine
- London Stocks Mixed: FTSE 100 down 0.1% at 9,213.59, FTSE 250 down 0.1% at 21,689.29, AIM All-Share up 0.1% at 782.06.
- US Market Influence: Wall Street slump on Tuesday due to Trump's Ukraine conflict turnaround and mixed Fed interest rate outlook.
- European Equities: CAC 40 down 0.3%, DAX 40 down 0.1%.
- Commodities: Brent oil up at $68.31/barrel, gold down at $3,764.23/ounce; geopolitical tensions supporting gold demand.
- Kremlin Response: Russia rejects Trump's "paper tiger" claim, vows to continue military offensive in Ukraine.
- Corporate Highlights:
- Goodwin (FTSE 250) up 17% on increased workload and Northrop Grumman collaboration, with potential $200M in orders.
- AstraZeneca down 1.0% despite FDA priority review for Enhertu in breast cancer treatment.
- Fiske down 23% despite expected revenue growth; faces FCA restrictions on new clients and asset transfers.
- Currency Movements: Pound down at $1.3475, euro lower at $1.1760, dollar up at ¥148.36.
- Upcoming Data: US new home sales figures expected later on Wednesday.
LONDON BROKER RATINGS: Deutsche ups AB Foods, cuts Kerry price target
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- 24th Sep 2025 09:35
- The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:
- FTSE 100
- Barclays raises Smiths Group price target to 2,330 (2,265) pence - 'equal weight'
- Deutsche Bank raises Associated British Foods to 'hold' (sell) - price target 2,000 (2,130) pence
- Citigroup raises Phoenix Group price target to 769 (730) pence - 'buy'
- Berenberg raises Kingfisher price target to 331 (306) pence - 'hold'
- Goldman Sachs raises Kingfisher price target to 330 (305) pence - 'neutral'
- Citigroup raises Kingfisher price target to 300 (285) pence - 'neutral'
- Jefferies raises Kingfisher price target to 294 (274) pence - 'hold'
- UBS raises Kingfisher price target to 290 (280) pence - 'neutral'
- JPMorgan raises Kingfisher price target to 290 (260) pence - 'underweight'
- FTSE 250
- JPMorgan cuts Wizz Air price target to 1050 (1100) pence - 'neutral'
- SMALL CAP
- Deutsche Bank cuts Kerry Group price target to 100 (105) EUR - 'buy'
- Berenberg raises TT Electronics price target to 105 (98) pence - 'hold'
- Related Shares:
LONDON MARKET OPEN: European stocks lower despite defence firms boost
- London Stocks:
- Opened mostly lower on Wednesday, except for defence firms following Trump's comments on Ukraine-Russia war.
- FTSE 100 down 0.4% at 9,186.87, FTSE 250 down 0.2% at 21,661.66, AIM All-Share up 0.1% at 781.70.
- Defence stocks BAE Systems (+1.9%) and Babcock International (+1.7%) led the FTSE 100; Qinetiq (+2.2%) rose on FTSE 250.
- Trump's Comments:
- Trump suggested Ukraine could regain all territory from Russia with EU and NATO support, a shift from previous stance.
- Zelensky hailed this as a "big shift"; Trump also called for NATO to shoot down Russian jets violating airspace.
- European Equities:
- CAC 40 (Paris) down 0.4%, DAX 40 (Frankfurt) down 0.3%.
- Commodities:
- Brent oil down to USD67.83/barrel, gold slightly lower at USD3,776.55/ounce.
- Gold remains a favored hedge, with structural support from portfolio rebalancing and weak equity correlation.
- Currencies:
- Pound down to USD1.3483, euro lower at USD1.1789, dollar up against yen at JPY148.08.
- Company Performance:
- Pinewood Technologies (FTSE 250) down 8.9% due to no pretax profit in H1, despite 22% revenue growth.
- Genedrive fell 57% after share placing to raise GBP3.2 million for commercialization and expansion.
- First Property rose 9.8% on expected pretax profit of GBP3.0 million, exceeding market expectations.
- Global Markets:
- Asia: Nikkei 225 (+0.3%), Shanghai Composite (+0.8%), Hang Seng (+1.3%); S&P/ASX 200 (-0.9%).
- US (Tuesday): Dow Jones (-0.2%), S&P 500 (-0.6%), Nasdaq (-1.0%).
- Tech News:
- OpenAI, Oracle, and SoftBank announced 5 new AI data centers under Stargate, totaling USD400 billion investment.
- Economic Indicators:
- US 10-year Treasury yield at 4.11%, 30-year at 4.72%; US new home sales figures expected Wednesday.
LONDON MARKET EARLY CALL: FTSE 100 lower after caution from US Fed
- FTSE 100 Outlook: Set to open lower on Wednesday, down 18.9 points (0.2%) at 9,204.42, influenced by cautious Fed remarks and geopolitical tensions.
- Currency Movements:
- Sterling flat at USD1.3508.
- Euro slightly higher at USD1.1797.
- Dollar at JPY147.90 against the yen.
- Commodities:
- Gold down to USD3,776.05/ounce, with USD3,800 as the next target.
- Brent oil lower at USD67.78/barrel, rangebound between USD62-65.
- US Markets: Wall Street closed lower on Tuesday (Dow -0.2%, S&P 500 -0.6%, Nasdaq -1.0%) following Fed Chair Powell’s cautious tone on tariffs and employment risks.
- Federal Reserve: Powell indicated a one-time price increase from tariffs extending into 2026, with inflation moderating toward 2% by year-end.
- Analyst Insights:
- Swissquote: Gold supported by geopolitical tensions and softer dollar; US crude rangebound.
- XS.com: S&P 500 in a sensitive yet opportunity-rich phase, with monetary policy easing supporting risk assets.
- Asian Markets: Mixed performance with Nikkei +0.1%, Shanghai Composite +0.7%, Hang Seng +1.2%, and S&P/ASX 200 -1.0%.
- Corporate Calendar: Half-year results from JD Sports Fashion.
- Economic Calendar: US new home sales figures due Wednesday.
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