Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Thursday, 31 October 2013 17:20:03 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Capital Spreads Straight talking from Capital Spreads Enjoy tight spreads, 3500+ financial markets to trade and superb client service. Losses can exceed deposits. Find out more. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: FTSE drops 46 points as data comes in mixed - FTSE declines 46 points - Fed decision continues to weigh heavy - Data across the globe comes in mixed techMARK 2,662.03 -0.11% FTSE 100 6,731.43 -0.68% FTSE 250 15,479.95 -0.66% The FTSE 100 fell 46 points by the close on Thursday as investors took stock of the Federal Reserve's policy decision and a raft of data released from across the globe. The Federal Open Market Committee said it would keep its monthly $85bn bond buying programme unchanged, pointing to weaker economic growth that was hampered by the 16-day partial government shutdown earlier this month. Many economists expect a reduction to quantitative easing will be held off until March 2014 but some interpreted the Fed's statement as a suggestion that this could come in December. In other news, the UK Food Standards Agency today revealed that cans of beef imported from Romania have been withdrawn from two UK chains after they were found to contain horsemeat. In other news, ministers have proposed plans to enable commuters who suffer repeat train delays could be sold cheaper train tickets in the future. House prices climb at fastest rate in three years UK house prices rose at the fastest annual pace in more than three years in October, according to data from Nationwide on Thursday. House prices climbed 5.8% year-on-year, compared to a 5% increase in September, marking the biggest annual rise since July 2010. Economists had predicted a 5.1% jump. Nationwide Chief Economist Robert Gardner said prices were boosted by government schemes including 'Help to Buy' and 'Funding for Lending', which have improved the availability and lowered the cost of credit. Data offers a mixed picture Initial US jobless claims for the week ended October 25th declined to 340,000 compared to 350,000 a week earlier, according to the Labor Department. However, it missed the consensus forecast for 338,000 claims. "While claims data have been noisy for the past two months, we expect that they will resume their gradual downward trend in the coming weeks," according to Barclays. A separate report showed consumer confidence in the world's biggest economy fell for a fifth straight week. The Bloomberg Consumer Comfort Index declined in the period ended October 27th to minus 37.6, the weakest reading since October 2012, from minus 36.1. In the Eurozone, inflation dropped unexpectedly and unemployment held at a record high. The consumer price index dropped to 0.7% in October from 1.1% in September, according to a flash estimate from the European Union's statistics office. It missed analysts' estimates for inflation to remain unchanged. The unemployment rate came in at 12.2% last month, in line with August, falling short of the forecast for the rate to fall to 12%. "The latest Eurozone inflation and unemployment figures will increase pressure on the ECB to take further action to support the economy," said Capital Economics. Meanwhile, market research institute GfK's consumer confidence index for Germany fell unexpectedly to 7.0 in November from 7.1 in October. Economists had predicted a reading of 7.2. Croda disappoints with currencies and manufacturing sales The losses on the FTSE 100 were led by Croda International, which plunged after warning on subdued underlying market conditions, the "significant devaluation of the Japanese yen and Indian rupee", and near-double-digit declines in "relatively low" margin but high volume commodity and toll manufacturing sales. Overall, turnover for the first half rose 4.4%, although underlying sales climbed just 0.8%. Earnings declined more than expected at Royal Dutch Shell due to weaker refinery conditions, higher costs and lower volumes, pushing the stock firmly lower. Chief Executive Officer Peter Voser said headwinds that continued to "erode the near term outlook" included weak industry refining margins and security issues in Nigeria but pointed to a strong flow of new projects and said Shell would increase the pace of asset sales. Investec stuck to its 'sell' rating on Antofagasta's shares, pushing them firmly into the red, after the mining group's quarterly production report. Antofagasta reported a drop in gold and copper production in its third quarter reflecting lower grades at its mining operations. Leading the risers was BG Group, after it predicted that production would recover in the fourth quarter, helped by the completion of its North Sea maintenance shutdowns and new projects coming on stream, particularly the Jasmine field in the North Sea. Telecomms heavyweight BT today reported a 13% decline in half-year pre-tax profits to £948m, but said the recently introduced BT Sport package had made a 'confident start'. Shares in the group floated higher, encouraged by a 13% jump in the interim dividend to 3.4p and a reaffirmation of the full-year outlook. 40% Returns from unusual but proven industry Download our FREE Full Industry Review here. FTSE 100 - Risers BG Group (BG.) 1,273.50p +2.25% Marks & Spencer Group (MKS) 503.50p +2.09% Associated British Foods (ABF) 2,267.00p +2.03% BT Group (BT.A) 377.00p +2.03% Resolution Ltd. (RSL) 357.40p +1.91% Smiths Group (SMIN) 1,435.00p +1.34% Reckitt Benckiser Group (RB.) 4,848.00p +1.23% Wolseley (WOS) 3,361.00p +1.14% Meggitt (MGGT) 572.50p +1.06% Aviva (AV.) 449.10p +0.99% FTSE 100 - Fallers Croda International (CRDA) 2,436.00p -7.55% Royal Dutch Shell 'B' (RDSB) 2,159.50p -5.16% Royal Dutch Shell 'A' (RDSA) 2,076.50p -4.92% Antofagasta (ANTO) 855.00p -4.74% Fresnillo (FRES) 975.50p -4.27% Randgold Resources Ltd. (RRS) 4,640.00p -3.33% Anglo American (AAL) 1,485.00p -3.19% Hammerson (HMSO) 529.00p -2.40% Weir Group (WEIR) 2,255.00p -2.17% Vedanta Resources (VED) 1,063.00p -1.94% FTSE 250 - Risers Afren (AFR) 157.70p +6.63% SIG (SHI) 206.00p +4.20% Xaar (XAR) 841.50p +2.00% Atkins (WS) (ATK) 1,234.00p +1.98% Halfords Group (HFD) 423.50p +1.95% ITE Group (ITE) 322.30p +1.64% Cobham (COB) 288.20p +1.59% Computacenter (CCC) 593.50p +1.45% Menzies(John) (MNZS) 819.00p +1.42% Ocado Group (OCDO) 434.00p +1.33% FTSE 250 - Fallers Rentokil Initial (RTO) 104.50p -6.86% AL Noor Hospitals Group (ANH) 850.00p -5.03% Berkeley Group Holdings (The) (BKG) 2,340.00p -4.41% Rank Group (RNK) 143.50p -4.08% Ferrexpo (FXPO) 181.60p -3.76% Drax Group (DRX) 636.00p -3.71% Polymetal International (POLY) 599.50p -3.62% Telecity Group (TCY) 762.50p -3.54% Dialight (DIA) 1,089.00p -3.20% RPS Group (RPS) 290.00p -3.07% FTSE TechMARK - Risers Skyepharma (SKP) 99.75p +2.84% DRS Data & Research Services (DRS) 23.25p +2.20% Oxford Biomedica (OXB) 2.73p +1.87% Consort Medical (CSRT) 892.00p +0.91% Optos (OPTS) 156.25p +0.32% NCC Group (NCC) 164.00p +0.31% Anite (AIE) 90.25p +0.28% IShares Euro Gov Bond 7-10YR UCITS ETF (IEGM) € 179.78 +0.25% FTSE TechMARK - Fallers Ark Therapeutics Group (AKT) 0.34p -4.17% Puricore (PURI) 46.00p -4.17% Torotrak (TRK) 27.25p -2.68% RM (RM.) 114.00p -2.15% Phoenix IT Group (PNX) 146.50p -1.35% Ricardo (RCDO) 610.50p -1.29% Promethean World (PRW) 19.25p -1.28% SDL (SDL) 252.00p -1.27% Wolfson Microelectronics (WLF) 140.50p -1.06% Vectura Group (VEC) 110.00p -0.90% Which fine wine had an ROI of over 300 per cent... Download your Complimentary Fine Wine Investment Guide.  Click Here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks mixed on Eurozone inflation, jobless rate - Eurozone inflation declines - Eurozone jobless rate unchanged - US initial jobless claims drop - US consumer confidence falls FTSE 100: -0.70% DAX: 0.20% CAC 40: 0.60% FTSE MIB: 0.96% IBEX 35: 1.15% Stoxx 600: 0.48% European stocks finished Thursday little changed as Eurozone inflation fell and the unemployment rate held at a record high. The consumer price index for the euro-area dropped to 0.7% in October from 1.1% in September, according to a flash estimate from the European Union's statistics office. It missed analysts' estimates for inflation to remain unchanged. The Eurozone unemployment rate held at 12.2% last month, falling short of the forecast for the rate to fall to 12%. However, 60,000 more Europeans were unemployed on the month, bringing the total number of jobless to 19.45m, Eurostat said. "The latest Eurozone inflation and unemployment figures will increase pressure on the ECB to take further action to support the economy," said Capital Economics. Eurozone officials have repeatedly highlighted the necessity of creating policies that will increase employment, particularly for the region's youth. On the upside, the region's economy finally ended its six-quarter-long recession in the second quarter, recording growth of 0.3%. But in another downbeat note for Europe, market research institute GfK's consumer confidence index for Germany fell to 7.0 in November from 7.1 in October. Economists had predicted a reading of 7.2. German retail sales were up 0.2% year-on-year in September, compared to a 0.4% rise in August and a forecast for a rise of 1.1%, another report showed. US jobless claims, FOMC decision US initial jobless claims for the week ended October 25th declined to 340,000 compared to 350,000 a week earlier, according to the Labor Department. However, it missed the consensus forecast for 338,000 claims. A separate report showed consumer confidence in the world's biggest economy fell for a fifth straight week. The Bloomberg Consumer Comfort Index declined in the period ended October 27th to minus 37.6, the weakest reading since October 2012, from minus 36.1. The data followed the Federal Open Market Committee's announcement last night to maintain its monthly $85bn bond buying programme, pointing to weaker economic growth that was hampered by the 16-day partial government shutdown earlier this month. Many economists expect a reduction to quantitative easing will be held off until March 2014, but some interpreted the Fed's statement as a suggestion that this could come in December. "The statement wasn't actually overly different from the one released in September," said Craig Erlam, Market Analyst at Alpari. "However, investors were clearly not overly impressed with it, with many now concerned that the Fed will 'taper' in December, rather than the first quarter of next year, which many had started to believe." Meanwhile, the Fed along with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank (ECB), and the Swiss National Bank announced today that their existing temporary bilateral liquidity swap arrangements are being converted to "standing arrangements" that will remain in place until further notice. The ECB explained that the existing temporary swap arrangements have "helped to ease strains in financial markets and mitigate their effects on economic conditions" and added that it expects the new arrangement to serve as "a prudent liquidity backstop". Croda, BNP Croda International plunged after warning on subdued underlying market conditions the "significant devaluation of the Japanese yen and Indian rupee", and near-double-digit declines in "relatively low" margin but high volume commodity and toll manufacturing sales. BNP Paribas advanced after the French bank reported a rise in third quarter net income that beat analysts' expectations. Royal Dutch Shell dropped after posting a fall in profit that missed forecasts. Air France's shares slipped after Investec reiterated a 'sell' rating for the airline, citing a downgrade on the full-year 2014 earnings guidance. Geberit gained after the maker of toilets and pipes reported better-than-projected third-quarter profit and confirmed full-year forecasts. Danske Bank fell after Denmark's biggest lender reduced its 2013 forecasts and lowered its target for how much it will return to investors. L'Oreal slumped as the beauty products maker reported sales that fell short of market estimates due to weak performance in North America. Euro/dollar declines after inflation report The euro was down 1.04% to $1.3593 after Europe inflation fell. Brent crude futures dipped $1.142 to $108.620 per barrel on the ICE. NEW Trading Strategy - Currently running at 70% success rate Earn a tax free income trading, from just 20 minutes a day – no experience needed.  Our powerful trading software will help you decide when to enter trades and how to maximise profits. Register for a FREE brochure and trading guide, Click Here.  US Market Report US open: Stocks mixed as jobless claims fall, consumer confidence drops US stocks were mixed as initial jobless claims fell, consumer confidence declined and as the Federal Reserve decided to keep its monetary policy unchanged. Initial jobless claims for the week ended October 25th declined to 340,000 compared to 350,000 a week earlier, according to the Labor Department. However, it missed the consensus forecast for 338,000 claims. “While claims data have been noisy for the past two months, we expect that they will resume their gradual downward trend in the coming weeks,” according toBarclays. A separate report showed consumer confidence in the world’s biggest economy fell for a fifth straight week. The Bloomberg Consumer Comfort Index declined in the period ended October 27th to minus 37.6, the weakest reading since October 2012, from minus 36.1. The data followed the Federal Open Market Committee’s announcement last night to maintain its monthly $85bn bond buying programme. The Fed pointed to weaker economic growth that was hampered by the 16-day partial government shutdown earlier this month. Many economists expect a reduction to quantitative easing will be held off until March 2014, but some interpreted the Fed's statement as a suggestion that this could come in December. “The statement wasn’t actually overly different from the one released in September,” said Craig Erlam, Market Analyst at Alpari. “However, investors were clearly not overly impressed with it, with many now concerned that the Fed will ‘taper’ in December, rather than the first quarter of next year, which many had started to believe.” Starbucks, Exxon Mobil Corp. Starbucks declined after the coffee shop chain reported slower sales growth in Asia. Oil bigwig Exxon Mobil rallied after saying that its third quarter earnings totalled $7.87bn, or $1.79 a share, compared to $9.57bn, or $2.09 a share, in the same period a year ago, on revenue of $112.4bn (2012 Q3: $115.14bn). Facebook, which last night reported 25 cents-a-share earnings for the third quarter, fell after Chief Financial Officer David Ebersman said the company will limit news-feed ads and younger teens aren’t using its website as much as they used to. Expedia extended last night's gains a announcing an 8% increase in its adjusted earnings per share to $1.43, beating expectations. West Texas Intermediate crude futures dropped $0.394 to $96.390 per barrel on the NYMEX. The 10-year US government yield was up 0.01 basis point to 2.55%. Magnetic FTSE Service Tired of Struggling Away Alone Trying to Make Trading Profits? Why Not Just Follow Me? I Aim to Make 1,000 Points For my Subscribers in The Next 12 Months. To join us click here Broker Tips African Barrick Gold: Deutsche Bank ups price target from 145p to 190p and retains its hold recommendation. HSBC takes price target from 170p to 200p keeping a neutral rating. JP Morgan raises price target from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases price target from 300p to 340p staying with its buy recommendation. Barclays: Deutsche Bank lowers price target from 325p to 320p maintaining its buy recommendation. Bank of America takes price target from 325p to 345p and keeps a buy recommendation. BBA Aviation: Westhouse Securities downgrades to neutral with a price target of 345p. BP: Liberum Capital moves price target from 445p to 450p and keeps a hold recommendation. Carillion: Berenberg takes price target from 340p to 360p reiterating its buy recommendation. Coal of Africa: Investec lowers price target from 20p to 17p, while leaving its buy recommendation unchanged. Countrywide: Jefferies raises price target from 604p to 750p and maintains a buy recommendation. Ferrexpo: Cantor Fitzgerald cuts price target from 290p to 250p, while leaving its buy recommendation unchanged. Global Petroleum: Northland Capital places its price target (prev.:18.10p) under review, while staying with its buy recommendation. Grafton Group: Berenberg raises price target from 450p to 610p upgrading to hold. Henderson Group: Numis ups price target from 178p to 197p and maintains a hold recommendation. Canaccord Genuity raises price target from 220p to 235p and maintains a buy recommendation. International Personal Finance: JP Morgan takes price target from 627p to 665p retaining its neutral rating. Management Consulting Group: Canaccord Genuity lowers price target from 32p to 28p downgrading from buy to hold. National Express: Investec places its price target (prev.: 230p) under review and reiterates a hold recommendation. NetPlay: Daniel Stewart shifts price target from 25p to 27p and keeps a buy recommendation. Next: Deutsche Bank ups price target from 5600p to 5660p and reiterates a hold recommendation. HSBC increases price target from 5400p to 5610p staying with its neutral rating. Societe Generale raises price target from 5500p to 6000p, while leaving its hold recommendation unchanged. Next Fifteen Communications: Westhouse Securities reduces price target from 105p to 74p and downgrades to neutral. Citi raises price target from 5850p to 6100p keeping a buy recommendation. RPS Group: Panmure Gordon downgrades from buy to hold with a price target of 315p. Numis raises price target from 310p to 375p keeping a buy recommendation. SIG: Berenberg increases price target from 180p to 230p and maintains a buy recommendation. Spirax-Sarco-Engineering: HSBC initiates with a price target of 3350p and an overweight rating. Standard Chartered: Nomura cuts price target from 351p to 337p and reiterates a reduce rating. Travis Perkins: Berenberg raises price target from 1330p to 1880p upgrading to hold. Wolseley: Berenberg takes price target from 3240p to 3500p, while its hold recommendation remains unaltered.   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE To advertise in the Euro Markets Bulletin please contact patrick@advfn.co.uk     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

Morning Euro Markets Bulletin

ADVFN III Morning Euro Markets Bulletin Daily world financial news Thursday, 31 October 2013 09:53:17 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Capital Spreads Straight talking from Capital Spreads Enjoy tight spreads, 3500+ financial markets to trade and superb client service. Losses can exceed deposits. Find out more. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: FTSE swoops lower, dragged by Croda Intl - FTSE led lower by Croda Intl - Guidance sought from abroad - German consumer confidence falls techMARK 2,646.30 -0.70% FTSE 100 6,753.63 -0.36% FTSE 250 15,493.32 -0.58% The FTSE offered up few treats on Thursday, swooping 24 points lower in early trade, following the Federal Open Market Committee's decision not to close the door on a start to Fed tapering even as soon as its next meeting, in December. The US central bank yesterday decided to keep its monthly $85bn bond buying programme unchanged, pointing to weaker economic growth that was hampered by the 16-day partial government shutdown earlier this month. While many economists expect a reduction to quantitative easing will be held off until March 2014, some interpreted the Fed's statement to a suggestion that it could come in December. The losses on the FTSE 100 were led by Croda International, which plunged after warning on subdued underlying market conditions, the "significant devaluation of the Japanese Yen and Indian Rupee", and near double digit declines in "relatively low" margin but high volume commodity and toll manufacturing sales. Overall, turnover for the first half rose 4.4%, although underlying sales climbed just 0.8%. Meanwhile, market research institute GfK's consumer confidence index for Germany fell unexpectedly to 7.0 in November from 7.1 in October. Economists had predicted a reading of 7.2. Investors seek guidance from abroad Today's economic calendar is jam packed with the release of Eurozone inflation, US initial jobless claims, and German retail sales figures. The consumer price index in the Eurozone is expected to remain unchanged at 1.1% in October. In the US, initial jobless claims for the week ending October 25th will be unveiled along with the Chicago Purchasing Managers' regional manufacturing index which is pegged to fall to 55 in October from 55.7 in September. A reading above 50 signals expansion. A report on German retail sales is also due out and is expected to show a rise of 1.1% in September, compared to a 0.3% increase a month earlier, according to consensus. Shell plunges after earnings take bigger-than-expected hit Earnings declined more than expected at Royal Dutch Shell due to weaker refinery conditions, higher costs and lower volumes, pushing the stock firmly lower. Chief Executive Officer Peter Voser said headwinds that continued to "erode the near term outlook" included weak industry refining margins and security issues in Nigeria but pointed to a strong flow of new projects and said Shell would increase the pace of asset sales. Also in the red was AstraZeneca after it reported a fall in third quarter revenue. During the third quarter, core operating profit dropped 29% to $2.02bn as core earnings per share dipped 26% to $1.21. Heading higher was BG Group, which predicted that production would recover in the fourth quarter, helped by the completion of its North Sea maintenance shutdowns and new projects coming on stream, particularly the Jasmine field in the North Sea. 40% Returns from unusual but proven industry Download our FREE Full Industry Review here. FTSE 100 - Risers Resolution Ltd. (RSL) 355.80p +1.45% Coca-Cola HBC AG (CDI) (CCH) 1,817.00p +1.40% Aggreko (AGK) 1,614.00p +1.06% BG Group (BG.) 1,258.50p +1.04% International Consolidated Airlines Group SA (CDI) (IAG) 354.60p +0.94% Intertek Group (ITRK) 3,345.00p +0.87% Shire Plc (SHP) 2,785.00p +0.83% easyJet (EZJ) 1,332.00p +0.83% BP (BP.) 485.75p +0.78% Aviva (AV.) 448.00p +0.74% FTSE 100 - Fallers Croda International (CRDA) 2,460.00p -6.64% Royal Dutch Shell 'B' (RDSB) 2,169.50p -4.72% Royal Dutch Shell 'A' (RDSA) 2,081.00p -4.72% AstraZeneca (AZN) 3,243.50p -2.60% Fresnillo (FRES) 993.50p -2.50% Randgold Resources Ltd. (RRS) 4,693.00p -2.23% Petrofac Ltd. (PFC) 1,448.00p -2.03% Antofagasta (ANTO) 883.00p -1.62% Pearson (PSON) 1,298.00p -1.37% Anglo American (AAL) 1,517.50p -1.08% FTSE 250 - Risers Countrywide (CWD) 579.00p +2.84% Bwin.party Digital Entertainment (BPTY) 124.70p +1.88% Afren (AFR) 150.30p +1.62% Henderson Group (HGG) 216.90p +1.21% Diploma (DPLM) 695.00p +1.16% SIG (SHI) 200.00p +1.16% Ted Baker (TED) 1,725.00p +0.88% Menzies(John) (MNZS) 814.50p +0.87% Ashtead Group (AHT) 667.50p +0.75% National Express Group (NEX) 260.40p +0.66% FTSE 250 - Fallers Telecity Group (TCY) 719.00p -9.04% Rentokil Initial (RTO) 105.00p -6.42% RPS Group (RPS) 288.60p -3.54% COLT Group SA (COLT) 122.60p -3.46% African Barrick Gold (ABG) 191.20p -3.04% TalkTalk Telecom Group (TALK) 261.90p -3.00% Rank Group (RNK) 145.50p -2.74% Essar Energy (ESSR) 117.20p -2.41% Computacenter (CCC) 573.00p -2.05% Daejan Holdings (DJAN) 4,112.00p -2.03% FTSE TechMARK - Risers Anite (AIE) 90.75p +0.83% Consort Medical (CSRT) 888.00p +0.45% Wolfson Microelectronics (WLF) 142.50p +0.35% Optos (OPTS) 156.00p +0.16% FTSE TechMARK - Fallers Antisoma (ASM) 1.35p -12.90% Puricore (PURI) 46.50p -3.12% SDL (SDL) 252.25p -1.18% Ricardo (RCDO) 612.00p -1.05% Innovation Group (TIG) 31.75p -0.78% NCC Group (NCC) 162.25p -0.76% E2V Technologies (E2V) 144.00p -0.69% Vectura Group (VEC) 110.50p -0.45% UK Event Calendar Thursday October 31 INTERIM DIVIDEND PAYMENT DATE EMIS Group, Inspired Energy, Ladbrokes, Old Mutual, TT Electronics, Wynnstay Group QUARTERLY PAYMENT DATE F&C Commercial Property Trust Ltd., JP Morgan Chase & Co, Middlefield Canadian Income PCC, Schroder Income Growth Fund INTERNATIONAL ECONOMIC ANNOUNCEMENTS Balance of Payments (GER) (07:00) Bloomberg Consumer Confidence (US) (13:45) Chicago PMI (US) (12:45) Continuing Claims (US) (12:30) International Reserves (EU) (11:00) Personal Consumption Expenditures (US) (12:30) Personal Income (US) (12:30) Personal Spending (US) (12:30) Retail Sales (GER) (07:00) Q3 AstraZeneca, Avocet Mining, BG Group, Royal Dutch Shell 'A', Royal Dutch Shell 'B', Smith & Nephew GMS Forte Energy NL AGMS Angle, Forte Energy NL, Genesis Emerging Markets Fund Ltd., Pochin's, Seeing Machines Ltd. UK ECONOMIC ANNOUNCEMENTS Consumer Confidence (09:30) GFK Consumer Confidence (00:01) FINAL DIVIDEND PAYMENT DATE Abbey Q1 Hillshire Brands Company (The) Which fine wine had an ROI of over 300 per cent... Download your Complimentary Fine Wine Investment Guide.  Click Here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks mixed after FOMC decision - Federal Reserve keeps QE unchanged - EU, US and German data released - ECB liquidity swap agreements FTSE 100: -0.36% DAX: -0.16% CAC 40: -0.19% FTSE MIB: 0.12% IBEX 35: 0.02% Stoxx 600: -0.09% European stocks fell before the release of a slate of economic data and after the Federal Reserve hinted that a tapering of monetary stimulus could begin this year. The US central bank yesterday decided to keep its monthly $85bn bond buying programme unchanged, pointing to weaker economic growth that was hampered by the 16-day partial government shutdown earlier this month. While many economists expect a reduction to quantitative easing will be held off until March 2014, some interpreted the Fed's statement to a suggestion that it could come in December. "Investors were spooked by what they believed to be a hint from the Fed in this month's statement, that asset purchases could be reduced at the December meeting," said Craig Erlam, Market Analyst at Alpari. "If I'm honest, I just think that yet again the markets have overreacted […] I still believe it will be March before tapering begins and I don't think the [Fed's] statement suggests otherwise." The Fed also reiterated that it would keep interest rates near zero as long as the jobless rate remained above 6.5% and inflation did not threaten to rise above 2.5%. Barrage of economic data released Today's economic calendar is jam packed with the release of Eurozone inflation, US initial jobless claims, German consumer confidence and retail sales figures. The consumer price index in the Eurozone is expected to remain unchanged at 1.1% in October. In the US, initial jobless claims for the week ending October 25th will be unveiled along with the Chicago Purchasing Managers' regional manufacturing index which is pegged to fall to 55 in October from 55.7 in September. A reading above 50 signals expansion. Market research institute GfK's consumer confidence index for Germany fell unexpectedly to 7.0 in November from 7.1 in October. Economists had predicted a reading of 7.2. Also out in Europe's biggest economy is a report on retail sales which are expected to rise by 1.1% in September, compared to a 0.3% increase a month earlier, according to consensus. ECB makes liquidity swap agreements with central banks permanent The European Central Bank (ECB) has said it is making its liquidity swap arrangements with global central banks permanent, according to an emailed statement obtained by Bloomberg. ECB will convert temporary, bilateral arrangements with the Bank of Canada, the Bank of England, the Federal Reserve, the Bank of Japan and the Swiss National Bank into standing facilities, allowing banks to access global currencies, including the euro when needed. "The existing temporary swap arrangements have helped to ease strains in financial markets and mitigate their effects on economic conditions," the ECB said. "The standing arrangements will continue to serve as a prudent liquidity backstop." The arrangements started in 2008 to help keep funds flowing as markets froze. BNP, Shell BNP Paribas advanced after the French bank reported a rise in third quarter net income that beat analysts' expectations. Royal Dutch Shell dropped after posting a fall in profit that missed forecasts. Danske Bank fell after Denmark's biggest lender reduced its 2013 forecasts and lowered its target for how much it will return to investors. L'Oreal slumped as the beauty products maker reported sales that fell short of market estimates due to weak performance in North America. Other asset classes decline The euro was down 0.20% to $1.3709. Brent crude futures fell $0.384 to $109.440 per barrel on the ICE. NEW Trading Strategy - Currently running at 70% success rate Earn a tax free income trading, from just 20 minutes a day – no experience needed.  Our powerful trading software will help you decide when to enter trades and how to maximise profits. Register for a FREE brochure and trading guide, Click Here.  US Market Report US close: FOMC keeps door open to tapering - Fed keeps door open to tapering before March - Slight selling following FOMC meeting - ADP doubts weak ADP report linked to shutdown - Qatar fund quietly builds 1bn dollar Bank of America stake Dow Jones Industrials: -0.39% Nasdaq Composite: -0.54% SP 500: -0.51% US stocks ended the session slightly lower following the Federal Open Market Committee's (FOMC) decision not to close the door on a start to Fed tapering even as soon as its next meeting, in December. Thus, initial market commentary following the meeting highlighted the omission in yesterday's policy statement of a reference to "still tightening financial conditions," which is the phrase it used in its September 18th statement. At the very least the central bank is likely reticent to be seen to be allowing financial assets to keep shooting higher. As well, some believe that the risk of another government shutdown come spring is in reality quite low. Some observers also emphasised the possibility that incoming Fed Chairwoman Janet Yellen could also turn out to be less dovish than many are saying. Even so, by and large economists see the Fed holding off on tapering until March 2014. Weak economic data Acting as a backdrop was the release of the ADP employment report on private non-farm payrolls. Employers added 130,000 jobs in October, below the 150,000 which were expected, and despite a large rise in hiring amongst large firms. It followed a gain of 166,000 last month. Economists at Capital Economics had this to say: "provides further evidence that labour market conditions are weakening. We are not convinced that this latest easing was due to the government shut-down forcing private firms to cut headcounts". US inflation fell unexpectedly as higher energy costs were offset by flat food prices. The consumer price index rose to 1.7% in September from 1.8% in August. "The decline in CPI inflation in September and signs of weaker jobs growth in October support the now widespread view that the Fed won't begin to taper its monthly asset purchases until next year," Capital Economics wrote to clients. In the earnings arena, 267 companies, including Starbucks and Facebook, releasing results on Wall Street. From a sector standpoint the worst performance was seen in the following industrial groups: Business training (-6.32%) and Consumer electronics (-2.59%). Front-month West Texas crude futures were down by 0.35% to $96.42 per barrel mark on the NYMEX, despite what appeared to be slightly bullish weekly inventory figures from the Department of Energy. Ten-year US treasury yields finished slightly higher on the day, at 2.53%. S&P 500 - Risers Electronic Arts Inc. (EA) $26.00 +7.75% Sealed Air Corp. (SEE) $30.35 +6.42% LSI Corporation (LSI) $8.47 +5.61% Gilead Sciences Inc. (GILD) $72.67 +4.56% Sprint Nextel Corporation (S) $6.93 +3.74% Range Resources Corp. (RRC) $77.40 +3.70% Tesoro Corp. (TSO) $48.94 +3.47% Goodyear Tire & Rubber Co. (GT) $21.42 +3.18% Valero Energy Corp. (VLO) $41.41 +2.98% J.C. Penney Co. Inc. (JCP) $7.60 +2.98% S&P 500 - Fallers Western Union Co. (WU) $16.85 -12.42% Vertex Pharmaceuticals Inc. (VRTX) $71.75 -5.70% Sears Holdings Corp. (SHLD) $58.67 -5.51% Edwards Lifesciences Corp. (EW) $66.29 -5.11% Jabil Circuit Inc. (JBL) $20.93 -4.78% Borg Warner Inc. (BWA) $100.79 -3.92% Hess Corp. (HES) $80.32 -3.81% CBRE Group Inc (CBG) $23.48 -3.77% TE Connectivity Ltd (TEL) $51.04 -3.68% Beam Inc. Common Stock (BEAM) $67.83 -3.51% Dow Jones I.A - Risers General Electric Co. (GE) $26.37 +0.61% Home Depot Inc. (HD) $77.88 +0.49% Nike Inc. (NKE) $76.13 +0.29% Microsoft Corp. (MSFT) $35.54 +0.06% Boeing Co. (BA) $129.68 +0.02% Dow Jones I.A - Fallers Procter & Gamble Co. (PG) $81.52 -1.14% Verizon Communications Inc. (VZ) $50.53 -1.10% International Business Machines Corp. (IBM) $180.15 -1.08% Pfizer Inc. (PFE) $30.93 -1.02% Chevron Corp. (CVX) $120.30 -0.99% E.I. du Pont de Nemours and Co. (DD) $61.02 -0.75% Merck & Co. Inc. (MRK) $45.24 -0.75% Caterpillar Inc. (CAT) $83.49 -0.69% American Express Co. (AXP) $83.10 -0.67% Walt Disney Co. (DIS) $68.47 -0.65% Nasdaq 100 - Risers Gilead Sciences Inc. (GILD) $72.67 +4.56% Baidu Inc. (BIDU) $164.93 +3.47% Seagate Technology Plc (STX) $49.50 +2.59% Symantec Corp. (SYMC) $22.67 +2.44% Dentsply International Inc. (XRAY) $46.78 +2.34% Apple Inc. (AAPL) $524.90 +1.59% Starbucks Corp. (SBUX) $80.83 +1.52% Randgold Resources Ltd. Ads (GOLD) $77.09 +1.42% Alexion Pharmaceuticals Inc. (ALXN) $125.50 +1.14% Express Scripts Holding Co (ESRX) $62.32 +0.71% Nasdaq 100 - Fallers Vertex Pharmaceuticals Inc. (VRTX) $71.75 -5.70% Sears Holdings Corp. (SHLD) $58.67 -5.51% Equinix Inc. (EQIX) $162.18 -3.69% Tesla Motors Inc (TSLA) $159.22 -3.19% Netflix Inc. (NFLX) $318.14 -2.80% Automatic Data Processing Inc. (ADP) $74.30 -2.69% Celgene Corp. (CELG) $151.32 -2.57% Twenty-First Century Fox Inc Class A (FOXA) $33.94 -2.54% Regeneron Pharmaceuticals Inc. (REGN) $291.17 -2.47% Staples Inc. (SPLS) $15.74 -2.27% Magnetic FTSE Service Tired of Struggling Away Alone Trying to Make Trading Profits? Why Not Just Follow Me? I Aim to Make 1,000 Points For my Subscribers in The Next 12 Months. To join us click here Newspaper Round Up Thursday newspaper round-up: Google, Bank of America, Barclays Google on Wednesday declared that it was "outraged" by apparent US government attempts to siphon information about millions of its users from its network, as the latest revelations in the internet surveillance scandal left it struggling to reassure its global users about the security of their personal information. The strong denunciation followed a report by the Washington Post that the National Security Agency had sought to take information wholesale from Google by tapping into a weak point in its network architecture, according to the Financial Times. Qatar's sovereign wealth fund has quietly built a stake worth about $1bn in Bank of America, the country's second-biggest bank, as it seeks exposure to the US economic recovery, people familiar with the plans said. Qatar Holding, the direct investment arm of Qatar Investment Authority, started to buy BofA shares about two years ago but bought more as the bank's share price fell to $7-$8 last year, a person close to the fund said. The stock is now trading above $14, the Financial Times reports. Barclays has been drawn into the global inquiry into the potential rigging of currency rates. The bank's admission comes after Deutsche Bank, UBS and Royal Bank of Scotland said that they were co-operating with an investigation into the £3trn-a-day market. Barclays said yesterday that "various" authorities had indicated that they were investigating foreign exchange trading "including possible attempts to manipulate certain benchmark currency rates or engage in other activities that would benefit their trading positions", The Times writes. The number of people declared insolvent is continuing to fall, with an estimated 23% fewer people being made bankrupt in 2013 compared to last year. Official figures due to be released by The Insolvency Service on Friday are expected to show that personal insolvencies have fallen to their lowest levels since 2008. Accountancy firm Baker Tilly has compiled its own figures which have found that around 75,000 personal insolvencies were field in the first nine months of 2013, a fall of nine per cent on the first three quarters of 2012, The Daily Mail says. Households in Britain have seen their living standards stagnate for the past four years and are spending an increasing share of their incomes on "essentials" such as fuel and housing.The Office for National Statistics says households' true disposable income has flatlined since the end of the recession, in the autumn of 2009, even though national output has expanded by 4.2% over the same period, The Guardian reports. A strike planned by Royal Mail workers in the aftermath of the company's recent privatisation has been called off after unions and management said talks were progressing. The Communication Workers Union (CWU) had given notice of a one-day strike by its 115,000 members in the postal service next Monday over issues including pay, pensions and the legal protections offered to employees, The Guardian writes.   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE To advertise in the Euro Markets Bulletin please contact patrick@advfn.co.uk     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Wednesday, 30 October 2013 17:17:30 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Capital Spreads Straight talking from Capital Spreads Enjoy tight spreads, 3500+ financial markets to trade and superb client service. Losses can exceed deposits. Find out more. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: FTSE almost flat ahead of Fed decsion - FTSE closes almost flat, erasing earlier gains - Tracking loses seen in US ahead of Fed decision - Next holds onto position in top spot, Standard Life leads fallers techMARK 2,665.02 +0.34% FTSE 100 6,777.70 +0.04% FTSE 250 15,582.96 +0.31% The FTSE beat a hasty retreat this afternoon erasing most of this morning's strong gains, tracking declines seen across the pond ahead of the Federal Reserve statement. The FTSE 100 ultimately ended the session just three points higher that at the opening bell. The central bank’s Federal Open Market Committee is expected to announce it will keep its monthly $85bn asset purchase programme unchanged and interest rate at 0.25%. The possibility of the Fed tapering at this meeting was "very slim”, according to Craig Erlam, Market Analyst at Alpari. Meanwhile, an ADP employment report on private non-farm payrolls revealed that US employers added 130,000 jobs in October, below the 150,000 which were expected, and despite a large rise in hiring amongst large firms. It followed a gain of 166,000 last month. Furthermore, US inflation fell unexpectedly as higher energy costs were offset by flat food prices. The consumer price index rose to 1.7% in September from 1.8% in August. Back on this side of the Atlantic, Mark Carney, the Governor of the Bank of England, was quoted in a Welsh newspaper as saying that monetary policy will not be tightened until there is evidence of "real traction and momentum" in the recovery. Several energy stocks were lower after the so-called 'Big Six' energy firms have been charged with behaving like a “chorus line acting in concert”, after they faced tough questioning on recent hefty price rises of around 10% from MPs. In a damning report by regulator Ofgem, it was revealed that wholesale electricity costs actually fell over the past three years, but some companies still increased prices for customers. UK Pensions Minister Steve Webb has proposed a cap on the level of fees charged on workplace pensions in a 'full frontal assault' on the pensions industry. The Liberal Democrat minister has suggested that fees charged by pensions providers on auto-enrolment workplace pension schemes should be capped at 0.75%, lower than the 1% originally pencilled in and some existing fees that top 2%. BoE Govenor needs to see "real traction and momentum in this recovery" "We’re not going to look to tighten monetary policy until we see real traction and momentum in this recovery that has been sustained for some time,” Mark Carney, the Governor of the Bank of England, said in an interview with Cardiff-based newspaper Western Mail. “Most of the growth in momentum is coming from the household sector and there’s a pick-up in the housing market from quite low levels.” Next continues to impress with jump in Q3 sales High Street clothing and homeware retailer Next topped the leader board after it reported an increase in third quarter sales, despite ongoing trading volatility, as it upwardly revised its earnings forecasts for the full year. Sector peer Marks and Spencer was also firmly higher after Kantar Worldpanel, the consumer research group, issued data which revealed that M&S has eased the decline in its clothing market share, resulting in a flat market share for the 24 weeks to the end of September. Banking group Barclays posted a strong rise in its nine-month pre-tax profits from £962m to £2.85bn, while its mis-sold personal protection insurance pay-outs were steady at £3.95bn. Meanwhile, strong momentum in the UK saw pensions and savings provider Standard Life boast of continued third-quarter strong growth in assets under management but it was not enough to hit analysts' expectations. Sales slowed in constant currencies at Pearson in the third quarter, but the publisher remained on track to hit its full year earnings targets. Although the Financial Times owner saw 4% sales growth in the first nine months at constant currencies, down from 5% in the first half of the year, but on an underlying basis it remained at 2%. Standard Chartered shares were also retreating, with investors taking profits one day after the company reported a slight increase in operating profit for the year-to-date due to tight cost controls. In a trading update for the nine months ended September 30th, the financial services company said it delivered a strong performance despite an uncertain market environment. 40% Returns from unusual but proven industry Download our FREE Full Industry Review here. FTSE 100 - Risers Next (NXT) 5,450.00p +4.71% Experian (EXPN) 1,270.00p +3.25% Travis Perkins (TPK) 1,848.00p +1.99% Marks & Spencer Group (MKS) 493.20p +1.57% Melrose Industries (MRO) 321.70p +1.55% Kingfisher (KGF) 380.60p +1.47% Hargreaves Lansdown (HL.) 1,181.00p +1.20% Babcock International Group (BAB) 1,278.00p +1.19% Associated British Foods (ABF) 2,222.00p +1.18% Tullow Oil (TLW) 947.00p +1.18% FTSE 100 - Fallers Standard Life (SL.) 354.50p -3.98% Pearson (PSON) 1,316.00p -3.59% Standard Chartered (STAN) 1,508.00p -2.30% Schroders (SDR) 2,619.00p -2.20% London Stock Exchange Group (LSE) 1,643.00p -1.68% Reckitt Benckiser Group (RB.) 4,789.00p -1.40% Old Mutual (OML) 202.70p -1.03% Unilever (ULVR) 2,523.00p -0.98% SSE (SSE) 1,428.00p -0.90% Aberdeen Asset Management (ADN) 444.60p -0.83% FTSE 250 - Risers African Barrick Gold (ABG) 197.20p +15.93% Cable & Wireless Communications (CWC) 46.50p +5.11% Thomas Cook Group (TCG) 144.40p +4.34% Euromoney Institutional Investor (ERM) 1,075.00p +2.87% Paragon Group Of Companies (PAG) 339.40p +2.79% Stagecoach Group (SGC) 352.40p +2.68% 3i Group (III) 373.20p +2.67% BBA Aviation (BBA) 343.60p +2.60% Premier Farnell (PFL) 225.80p +2.59% Mitchells & Butlers (MAB) 401.00p +2.43% FTSE 250 - Fallers Go-Ahead Group (GOG) 1,684.00p -3.11% Centamin (DI) (CEY) 50.10p -2.53% IP Group (IPO) 151.00p -1.95% Hansteen Holdings (HSTN) 102.30p -1.92% Workspace Group (WKP) 488.90p -1.83% 888 Holdings (888) 162.00p -1.82% Ashmore Group (ASHM) 409.60p -1.73% International Personal Finance (IPF) 585.00p -1.68% Petra Diamonds Ltd.(DI) (PDL) 113.70p -1.56% Evraz (EVR) 120.70p -1.55% FTSE TechMARK - Risers Ricardo (RCDO) 618.50p +2.83% DRS Data & Research Services (DRS) 22.75p +2.25% Puricore (PURI) 48.00p +2.13% Triad Group (TRD) 14.50p +1.75% Anite (AIE) 90.00p +1.69% Gresham Computing (GHT) 128.00p +1.59% Skyepharma (SKP) 97.00p +1.57% Torotrak (TRK) 28.00p +1.36% Kofax (KFX) 380.00p +1.33% RM (RM.) 116.50p +1.30% FTSE TechMARK - Fallers Microgen (MCGN) 120.75p -5.29% Vislink (VLK) 49.12p -2.00% XP Power Ltd. (DI) (XPP) 1,575.00p -1.87% Ark Therapeutics Group (AKT) 0.36p -1.37% Phoenix IT Group (PNX) 148.50p -1.33% Optos (OPTS) 155.75p -0.80% Vectura Group (VEC) 111.00p -0.67% Wolfson Microelectronics (WLF) 142.00p -0.35% Sepura (SEPU) 146.75p -0.17% Which fine wine had an ROI of over 300 per cent... Download your Complimentary Fine Wine Investment Guide.  Click Here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks mixed after data, ahead of FOMC announcement - German inflation eases - German jobless rate holds steady, unemployment rises - Eurozone economic confidence increases - US inflation falls,employment advances - FOMC wraps up policy meeting FTSE 100: 0.04% DAX: -0.13% CAC 40: -0.09% FTSE MIB: -0.47% IBEX 35: 0.01% Stoxx 600: 0.52% European stocks were mixed as investors weighed a batch of European and US data and waited for the outcome of the Federal Reserve’s policy meeting. German inflation eased unexpectedly in October due to lower energy costs. The consumer price index slowed to 1.2% from 1.4% in September, well below the European Central Bank’s target inflation of 2%. Also in Germany, the unemployment rate in October was unchanged at 6.5%, in line with forecasts. Joblessness in Europe’s biggest economy rose by 2,000 to 2.8m, the Labour Office revealed. Economists had predicted the reading to hold steady. The Eurozone’s economic confidence increased slightly with the index up to 97.8 in October from 96.9 in September. It exceeded analysts’ expectations for a reading of 97.2. The European Central Bank has said in a survey that banks expect to relax standards on corporate lending this quarter. The financial institutions signalled that they may make it easier for companies to get loans for the first time in more than six years. They also plan to ease access to consumer loans and mortgages. “This is a cautiously encouraging survey,” said Marie Diron, a senior economic adviser to Ernst & Young LLP in London, according to Bloomberg. “This would be very good news for the Eurozone economy. So far, our forecast is based on a more cautious assumptions that credit conditions will remain tight for some time.” Standard Life, Fiat Standard Life dropped after saying its asset-management business saw net inflows in three months through September fall from the previous year. Fiat slumped after the Italian carmaker lowered its forecast for trading profit this year. Pearson sank after saying it expects margins for its education unit to decline in 2013 due to weaker demand for college textbooks. Volkswagen rallied after reporting a rise in quarterly earnings that beat analysts’ estimates. Barclays advanced after saying credit impairment charges fell 6% to £2.4bn in the first nine months of this year. Eni gained after the Italian oil producer posted net income for the third quarter that exceeded forecasts. Other asset classes rise Brent crude futures were up $0.420 to $109.470 per barrel on the ICE. The euro rose 0.15% to $1.3766. NEW Trading Strategy - Currently running at 70% success rate Earn a tax free income trading, from just 20 minutes a day – no experience needed.  Our powerful trading software will help you decide when to enter trades and how to maximise profits. Register for a FREE brochure and trading guide, Click Here.  US Market Report US open: Stocks rise ahead of FOMC announcement US stocks rose as investors waited for the outcome of the Federal Reserve’s two-day policy meeting. The central bank’s Federal Open Market Committee is expected to announce it will keep its monthly $85bn asset purchase programme unchanged and interest rate at 0.25%. Economists see the Fed holding off on tapering until March 2014 after the 16-day partial government shutdown earlier this month reduced economic growth by 0.3 percentage points this quarter. The possibility of the Fed tapering at this meeting was "very slim”, according to Craig Erlam, Market Analyst at Alpari. “The government shutdown and debt ceiling battle has left a lot of uncertainties hanging over the economy.” Acting as a backdrop, was the release of an ADP employment report on private non-farm payrolls. Employers added 130,000 jobs in October, below the 150,000 which were expected, and despite a large rise in hiring amongst large firms. It followed a gain of 166,000 last month. US inflation fell unexpectedly as higher energy costs were offset by flat food prices. The consumer price index rose to 1.7% in September from 1.8% in August. “The decline in CPI inflation in September and signs of weaker jobs growth in October support the now widespread view that the Fed won’t begin to taper its monthly asset purchases until next year,” according to Capital Economics. In the earnings session there are 267 companies, including Starbucks and Facebook, releasing results on Wall Street. Front-month West Texas crude futures were down by $0.873 to $97.350 per barrel on the NYMEX Ten-year US treasury yields were down 0.01 basis points to 2.49%. Magnetic FTSE Service Tired of Struggling Away Alone Trying to Make Trading Profits? Why Not Just Follow Me? I Aim to Make 1,000 Points For my Subscribers in The Next 12 Months. To join us click here Broker Tips African Barrick Gold: Investec places its target prev.: 137p under review and keeps a sell recommendation. Canaccord Genuity upgrades from sell to hold with an unchanged target of 125p. AMEC: Goldman Sachs cuts target from 1248p to 1227p, while keeping its buy recommendation. Associated British Foods: Exane raises target from 2400p to 2700p and reiterates an outperform rating. Aquarius Platinum: Goldman Sachs upgrades from sell to neutral with a target of 93p. Beazley: Westhouse Securities upgrades to add with a target of 245p. Betfair: Credit Suisse initiates with a target of 1185p and an outperform rating. BHP Billiton: Goldman Sachs increases target from 1900p to 1950p and maintains a neutral rating. Blinkx: Numis places both its target prev.: 136p and its buy recommendation under review. Bovis Homes Group: Panmure Gordon raises target from 840p to 873p keeping its buy recommendation. BP: Deutsche Bank ups target from 500p to 520p and keeps a buy recommendation. Goldman Sachs lowers target from 450p to 440p and stays with its neutral rating. Investec takes target from 440p to 460p retaining its hold recommendation. Societe Generale raises target from 490p to 530p upgrading to buy. bwin.party: Credit Suisse initiates with a target of 99p and an underperform rating. easyJet: Barclays upgrades to overweight with a target of 1530p. Gable Holdings: Panmure Gordon moves target from 71p to 84p upgrading from hold to buy. Genel Energy: Canaccord Genuity lowers target from 1114p to 1100p and reiterates a hold recommendation. GlaxoSmithKline: JP Morgan reduces target from 1900p to 1750p and stays with its neutral rating. Halfords Group: Barclays takes target from 330p to 360p reiterating an equal-weight rating. Ladbrokers: Alphavalue shifts target from 197p to 196.50p and downgrades from add to reduce. Credit Suisse initiates with a target of 170p and an underperform rating. Land Securities: Alphavalue moves target from 865.60p to 866.90p, while downgrading from reduce to sell. Legal & General Group: JP Morgan ups target from 151p to 164p, while leaving its underweight rating unchanged. Lloyds Banking Group: Deutsche Bank raises target from 77p to 90p retaining a buy recommendation. Lookers: Panmure Gordon shifts target from 140p to 147p and keeps its buy recommendation. Nighthawk Energy: Westhouse Securities shifts target from 14p to 16.50p and reiterates a buy recommendation. Pace: Numis increases target from 200p to 310p upgrading to hold. Pearson: Numis takes target from 1225p to 1297p and maintains a hold recommendation. Investec places its target prev.:1325p under review, while keeping its add rating. Playtech: Credit Suisse initiates with a target of 835p and a neutral rating. Regus: Credit Suisse raises target from 190p to 225p retaining its outperform rating. Rightmove: Canaccord Genuity increases target from 2800p to 3000p keeping a buy recommendation. Speedy Hire: Investec ups target from 85p to 100p maintaining a buy recommendation. Spirent Communications: N+1 Singer cuts target from 160p to 140p retaining a buy recommendation. Spirit Pub: Deutsche Bank moves target from 70p to 77p and maintains its hold recommendation. Standard Chartered: UBS takes target from 1790p to 1680p, while leaving its buy recommendation unaltered. Tullow Oil: Investec cuts target from 940p to 925p, while upgrading from sell to hold. Wood Group: Goldman Sachs reduces target from 974p to 916p, while upgrading from buy to strong buy. Whitbread: Alphavalue cuts target from 3002.30p to 2996.20p and downgrades from reduce to sell. William Hill: Credit Suisse initiates with a target of 465p and an outperform rating. Wolfson Microelectronics: FinnCap lowers target from 140p to 120p and retains a sell recommendation. Numis ups target from 170p to 200p and upgrades to buy.   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE To advertise in the Euro Markets Bulletin please contact patrick@advfn.co.uk     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49