Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Tuesday, 23 December 2014 10:09:25 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Trendsignal Your complimentary trading guide Make a consistent income with this simple trading strategy. For your free guide click here. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: UK stocks rise ahead of data, but Thorntons plummets UK stocks jumped again on Tuesday as the pre-Christmas rally continued, with markets extending a two-week high ahead of a barrage of economic data. London's FTSE 100 was up 0.6% at 6,618 early on, rising for the sixth straight session. The index closed at 6,576.74 on Monday, its highest finish since 8 December. The positive start followed a bullish session on Wall Street, with the S&P 500 rising to its 50th record close so far this year. While trading volumes are expected to be low and corporate news lacking, there will be plenty of data to keep those traders which remain at their desks busy. "As we head into the last full trading day before Christmas we have a data deluge to contend with," said CMC Markets analyst Michael Hewson. The final estimate of UK gross domestic product (GDP) is forecast to confirm that year-on-year growth was 3% in the third quarter. Meanwhile, US GDP is also out but is expected to be revised to show 4.3% annualised growth in the third quarter, up from the previous estimate of 3.9%. US durable goods, consumer confidence, new home sales and personal spending figures are also on tap for Tuesday afternoon. Thorntons plummets after profit warning Annual profits will be lower than expected at Thorntons as the confectioner warned of a "significant reduction" in orders from major supermarkets and a problem with its warehouse distribution. The stock was around 26% lower after the retailer said earnings for the full year were to be "below those achieved for the last financial year". Outsourcing company Capita gained after appointing Halma's boss Andrew Williams to its board as an independent non-executive director. Resource stocks were among the worst performers early on, with BG Group, BHP Billiton and Anglo American trading lower. Supermarket rivals Tesco, J Sainsbury and Wm Morrison were providing a lift. Download the 15-Minute Retirement Plan by Fisher Investments.   Click here to download! Market Movers techMARK 2,972.32 +0.43% FTSE 100 6,618.14 +0.63% FTSE 250 16,036.19 +0.28% FTSE 100 - Risers Tesco (TSCO) 184.75p +2.07% CRH (CRH) 1,540.00p +1.85% ARM Holdings (ARM) 992.00p +1.69% TUI AG Reg Shs (Post- 16/12/14)(DI) (TUIJ) 1,055.00p +1.64% Weir Group (WEIR) 1,904.00p +1.60% WPP (WPP) 1,362.00p +1.49% Morrison (Wm) Supermarkets (MRW) 178.60p +1.48% Legal & General Group (LGEN) 248.60p +1.43% Aviva (AV.) 498.30p +1.22% Babcock International Group (BAB) 1,082.00p +1.22% FTSE 100 - Fallers BG Group (BG.) 874.90p -1.26% Reckitt Benckiser Group (RB.) 5,275.00p -0.66% GKN (GKN) 343.90p -0.61% BHP Billiton (BLT) 1,362.00p -0.44% United Utilities Group (UU.) 928.00p -0.27% Marks & Spencer Group (MKS) 479.80p -0.21% Severn Trent (SVT) 2,035.00p -0.15% SSE (SSE) 1,617.00p -0.12% Anglo American (AAL) 1,173.00p -0.04% Sainsbury (J) (SBRY) 239.50p -0.04% FTSE 250 - Risers Zoopla Property Group (WI) (ZPLA) 207.30p +3.55% Afren (AFR) 50.70p +2.65% Premier Oil (PMO) 170.20p +2.53% SSP Group (SSPG) 286.60p +2.28% Amec Foster Wheeler (AMFW) 891.00p +2.18% Petrofac Ltd. (PFC) 716.50p +1.70% Serco Group (SRP) 159.10p +1.60% Cairn Energy (CNE) 177.80p +1.60% Home Retail Group (HOME) 204.90p +1.54% Kaz Minerals (KAZ) 245.10p +1.41% FTSE 250 - Fallers RPS Group (RPS) 202.20p -3.35% Jimmy Choo (CHOO) 170.00p -2.86% Greggs (GRG) 721.50p -2.17% Enterprise Inns (ETI) 108.30p -1.55% Bwin.party Digital Entertainment (BPTY) 114.80p -1.54% Millennium & Copthorne Hotels (MLC) 579.50p -1.53% Game Digital (GMD) 340.00p -1.45% Synthomer (SYNT) 221.20p -1.43% Bank of Georgia Holdings (BGEO) 2,038.00p -1.40% UK Event Calendar TUESDAY 23 DECEMBER INTERIM DIVIDEND PAYMENT DATE C&C Group QUARTERLY EX-DIVIDEND DATE INTERNATIONAL ECONOMIC ANNOUNCEMENTS Durable goods orders (US) (13:30) GDP (US) (13:30) House price index (US) (15:00) New home sales (US) (13:30) Personal consumption expenditures (US) (13:30) Personal income (US) (13:30) Personal spending (US) (13:30) U.of Michigan confidence (US) (14:55) GMS Clarkson, Dairy Crest Group, Real Estate Investors EGMS Cloudtag Inc., Hellenic Telecom Industries SA ADS AGMS Craven House Capital, Inspirit Energy Holdings, Minco, Red Rock Resources, Regency Mines FINAL DIVIDEND PAYMENT DATE JP Morgan Japanese Inv Trust Northern Venture Trust UK ECONOMIC ANNOUNCEMENTS Balance of Payments (09:30) BBA Mortgage Lending figures GDP (09:30) Index of services (09:30) WIN TICKETS TO RUGBY WORLD CUP 2015 Join our fantasy trading game for your chance to win money can’t buy rugby experiences and much more Find out more here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Slight gains in stocks ahead of data deluge The main European equity benchmarks edged higher in early trading, tracking overnight gains on Wall Street. As of 09:30 the FTSE 100 was 0.50% higher at 6,608.92 points, the Cac-40 was up by 0.39% to 4,271.23 while the FTSE Mibtel was to be seen 0.12% lower at 19,050.65. Traders were anxiously awaiting the release of a barrage of economic data Stateside, including the latest figures on US gross domestic product and for orders of durable goods. Meanwhile in the corporate area, on Monday evening ratings agency Standard & Poor's lowered its outlook on the long-term debt issued by the likes of Royal Dutch Shell and BP to 'negative'. S&P cited a "dramatic deterioration" in the outlook for the price of oil. In parallel, The Wall Street Journal reported French lender Societe Generale may have to push back its profitability targets in Russia by several years as a result of that country's economic troubles. From a sectoral perspective, the best performing industrial groups within the DJ Stoxx 600 were: personal and household goods (0.70%), food (0.62%) and insurance (0.58%). Acting as a backdrop, data out from France´s statistics office revealed that French household consumption expanded by 0.4% over the month in November, slightly less forecasts. In Spain, the central bank forecast that economy would grow at a 2% clip in 2015. The euro/dollar was essentially unchanged, rising 0.02% to 1.2234. Front month Brent crude futures were up a tad, at $60.19 per barrel on the ICE. Swissquote offers CFD Trading, an efficient mean of trading indices, commodities and currencies. You can trade on the market whether you think it will go UP or Down! Think the DAX will go Down? Short the DAX… Try CFD Trading with a Free Practice Account losses can exceed your deposit. US Market Report US close: Markets boosted by pre-Christmas rally amid little economic data US stocks were trading in the green on Monday boosted by the pre-Christmas rally after a weak day for economic data. The Dow Jones Industrial Average was up 0.87% to 17,959.44 while the Nasdaq increased by 0.28% to 4,293.67 and S&P 500 rose 0.38% to 2,078.54. Analysts seemed unfazed by the lack of economic data that surfaced on Monday. IG market analyst Alastair McCaig said: "Today's economic calendar is whisper quiet but tomorrow will offer a host of data that, given recent history, could well be enough to carry markets above their previous December highs." US existing home sales fell by 6.1% to 4.9m month-on-month in November. CMC Market analyst Jasper Lawler said: "Expectations had been for a modest rise but the housing recovery in the US in 2014 has been choppy at best." Meanwhile, oil prices experienced a volatile month following OPEC's decision no to cut production. Crude futures were advancing early in the day but WTI crude futures closed with a 3.403% loss to $55.25 a barrel and Brent futures finished with a 2.181% drop to $60.07 a barrel. Lawyer noted: After oil prices seemingly stabilised with Brent around $60, the Saudi oil minister Ali Al-Naimi felt bold enough to call a bottom saying the drop is a temporary oversupply issue that the market will soon redress. "It seems the rally in crude prices maybe a little further away than Al-Naimi envisions with his fellow OPEC member, the oil minister of Iraq Adel Abdul Mahdi announcing increased production next year." He added: "A big sell-off in natural gas sparked an implosion in commodity prices. Nat Gas dropped over 8% as fears spiked that the oversupply of US energy will be matched with lower demand in what has so far been a mild US winter." The yield on a benchmark US 10-year Treasury was flat at 2.16%. In the corporate world, American Apparel rose 6.54% to 1.14 while AbbVie fell by 1.09% to 66.97 and Chevron sank 0.8% to 112.03. Over on COMEX, gold futures were down 1.93% to $1,172.90 while the dollar advanced on both the pound and the yen but receded against the euro. S&P 500 - Risers Priceline Group Inc (PCLN) $1,149.45 +3.61% KLA-Tencor Corp. (KLAC) $72.16 +3.50% Raytheon Co. (RTN) $109.90 +2.88% Legg Mason Inc. (LM) $54.33 +2.74% Chipotle Mexican Grill Inc. (CMG) $667.66 +2.49% Southwest Airlines Co. (LUV) $41.26 +2.48% Google Inc. (GOOGL) $532.30 +2.36% Ross Stores Inc. (ROST) $93.16 +2.35% Windstream Holdings Inc (WIN) $8.83 +2.32% Intel Corp. (INTC) $37.21 +2.31% S&P 500 - Fallers Gilead Sciences Inc. (GILD) $92.90 -14.34% United States Steel Corp. (X) $26.19 -8.39% Peabody Energy Corp. (BTU) $7.91 -7.43% Chesapeake Energy Corp. (CHK) $18.42 -7.25% Southwestern Energy Co. (SWN) $29.31 -5.45% Newmont Mining Corp. (NEM) $18.16 -5.02% Range Resources Corp. (RRC) $57.07 -4.68% Nabors Industries Ltd. (NBR) $13.10 -3.96% Cabot Oil & Gas Corp. (COG) $30.53 -3.93% EQT Corp. (EQT) $77.65 -3.65% Dow Jones I.A - Risers Intel Corp. (INTC) $37.21 +2.31% International Business Machines Corp. (IBM) $161.44 +1.85% Cisco Systems Inc. (CSCO) $28.22 +1.62% Boeing Co. (BA) $128.22 +1.58% Home Depot Inc. (HD) $103.50 +1.54% Wal-Mart Stores Inc. (WMT) $86.38 +1.43% Walt Disney Co. (DIS) $94.20 +1.41% United Technologies Corp. (UTX) $117.14 +1.34% E.I. du Pont de Nemours and Co. (DD) $74.14 +1.16% Nike Inc. (NKE) $95.93 +1.15% Dow Jones I.A - Fallers Merck & Co. Inc. (MRK) $58.96 -1.04% Chevron Corp. (CVX) $112.03 -0.80% Exxon Mobil Corp. (XOM) $93.33 -0.33% Nasdaq 100 - Risers Priceline Group Inc (PCLN) $1,149.45 +3.61% KLA-Tencor Corp. (KLAC) $72.16 +3.50% Google Inc. (GOOGL) $532.30 +2.36% Ross Stores Inc. (ROST) $93.16 +2.35% Intel Corp. (INTC) $37.21 +2.31% Amazon.Com Inc. (AMZN) $306.54 +2.21% Liberty Interactive Corp (QVCA) $29.15 +2.21% Altera Corp. (ALTR) $38.01 +2.12% Applied Materials Inc. (AMAT) $25.40 +2.05% Xilinx Inc. (XLNX) $43.87 +2.01% Nasdaq 100 - Fallers Gilead Sciences Inc. (GILD) $92.90 -14.34% Regeneron Pharmaceuticals Inc. (REGN) $412.97 -3.43% Amgen Inc. (AMGN) $164.59 -3.28% Celgene Corp. (CELG) $113.50 -3.14% Discovery Communications Inc. Class A (DISCA) $34.60 -2.34% Biogen Idec Inc. (BIIB) $352.29 -2.32% Vertex Pharmaceuticals Inc. (VRTX) $116.68 -1.87% Wynn Resorts Ltd. (WYNN) $147.48 -1.76% Netflix Inc. (NFLX) $336.68 -1.01% 3 Recovery Stocks for 2015 2014 has been a very turbulent year for several  major stocks.  Our report will give you insight into 3  major companies  that may have turned the corner.  Click Here. Newspaper Round Up Tuesday newspaper round-up: Russia, North Korea, BP... According to Alexis Kudrin, Moscow's former finance minister and a key ally of president Vladimir Putin, Russia is heading for a "full-blown economic crisis", writes The Times. He said that the turmoil could trigger a wave of corporate defaults across the country and urged the Kremlin to start negotiating to end Western sanctions. North Korea experienced one of its worst ever internet outages days after US President Barack Obama vowed a "proportional" response for the hermit country's cyber attack on a Hollywood studio, according to The Telegraph. North Korea began having issues on Friday and by Monday night the state was completely cut off from the world wide web. BP has claimed that penalties for the Gulf of Mexico oil spill should reflect the recent collapse in crude prices as it nears the end of its legal battle, The Times reports. The company has insisted it should pay less than the $16bn-18bn the US government is seeking. According to research from Begbies Trainer, over 24,000 UK retailers are suffering from "significant financial stress", writes The Guardian. This number is up 54% on last year as a food-price war among the major supermarkets has forced the rest of the high street to cut prices. "Banks' scope to use credit rating agencies to assess the risks in their portfolios will be sharply reduced as global regulators push through new standards aimed at making lenders safer," the Financial Times writes. The Basel Committee on Banking Supervision wants to restrict banks' reliance on external ratings and has called on firms to improve their own risk assessments. Brent crude crashed below the $60 per barrel level again on Monday after Saudi Arabia's oil minister said his country would not intervene to revive prices, The Telegraph reported. Ali al-Naimi, who oversees the world's largest exporter of crude, claimed in an interview that even if the price of oil fell to $20 per barrel the kingdom would do nothing to arrest the decline.   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  Morning Euro Markets Bulletin Daily world financial news Monday, 22 December 2014 09:49:27 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Trendsignal Your complimentary trading guide Make a consistent income with this simple trading strategy. For your free guide click here. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Late Santa Rally puts UK stocks on track for two-week high UK stocks rose for the fifth straight session on Monday and were set to hit a two-week high with the so-called 'Santa Rally' finally taking hold ahead of a shortened trading week. London's FTSE 100 was trading 0.8% higher at 6,598 in early deals. It has not closed above this mark since 8 December. The index surged 4% over the past week, rising nearly 6% over the past four sessions alone. This was the Footsie's best weekly performance since December 2011 after the Federal Reserve promised to be "patient" about the first rate rise and markets rebounded strongly after a recent sell-off. "This 'patient' approach to policy normalisation as well as a belated realisation that lower oil prices aren't necessarily such a bad thing, particularly in terms of their potential impact on global [growth] and consumer sentiment, has seen a significant rebound in the last four days," said analyst Michael Hewson from CMC Markets UK. "As we head towards the Christmas break and a short week, the main focus going forward is likely to remain on the recent volatility in the oil price," he said. Brent crude for February delivery was up 2% on Monday at $62.61 a barrel, as it continues to rebound after dropping below the $60 mark last week for the first time since mid-2009. UK markets are open as normal until Wednesday when they close half a day early for Christmas Eve. They will not open again until Monday 29th December. While trading volumes are expected to be low over the next few days, with many traders already on their festive holidays, there's still some economic data due out for those remaining investors to take in. Final readings on third-quarter gross domestic product (GDP) in the UK and US are both due, as well as a raft of US data including durable goods orders, consumer confidence, new homes sales and personal incomes. Energy stocks rise Oil producers such as Shell, BP, Tullow and BHP Billiton were making decent gains on the FTSE 100 as shares tracked the price of crude higher. FTSE 250 peers Afren and Ophir Energy were also performing well. Mining stocks were also providing a lift, including Fresnillo, Anglo American, Polymetal and Vedanta Resources. Randgold, however, was bucking the trend as the stock registered heavy losses early on. Home improvement retailer Kingfisher edged higher after agreeing to sell a controlling 70% stake in its B&Q China business to Wumei Holdings for £140m. Kier Group was in demand after its joint venture with Clancy Docwra was named as the preferred bidder for a £1bn Thames Water infrastructure project. The contract, which an estimated value to the KCD joint venture of £500m over the next five years, will run for up to 15 years. Download the 15-Minute Retirement Plan by Fisher Investments.   Click here to download! Market Movers techMARK 2,949.80 +0.44% FTSE 100 6,597.94 +0.80% FTSE 250 15,944.43 +0.35% FTSE 100 - Risers Royal Dutch Shell 'B' (RDSB) 2,282.00p +2.68% Royal Dutch Shell 'A' (RDSA) 2,214.50p +2.05% Smith & Nephew (SN.) 1,111.00p +2.02% BP (BP.) 421.20p +1.99% Standard Chartered (STAN) 944.40p +1.88% Johnson Matthey (JMAT) 3,408.00p +1.70% Tullow Oil (TLW) 431.20p +1.65% Babcock International Group (BAB) 1,072.00p +1.61% Severn Trent (SVT) 2,044.00p +1.39% Experian (EXPN) 1,103.00p +1.38% FTSE 100 - Fallers Randgold Resources Ltd. (RRS) 4,320.00p -2.51% TUI AG Reg Shs (Post- 16/12/14)(DI) (TUIJ) 1,066.00p -0.65% easyJet (EZJ) 1,644.00p -0.48% Intu Properties (INTU) 334.10p -0.42% Next (NXT) 6,475.00p -0.31% Dixons Carphone (DC.) 460.20p -0.30% Morrison (Wm) Supermarkets (MRW) 175.80p -0.23% Travis Perkins (TPK) 1,821.00p -0.16% International Consolidated Airlines Group SA (CDI) (IAG) 468.80p -0.04% British American Tobacco (BATS) 3,499.50p -0.03% FTSE 250 - Risers Afren (AFR) 50.20p +5.53% Nostrum Oil & Gas (NOG) 440.20p +4.81% Ophir Energy (OPHR) 141.60p +3.89% Hunting (HTG) 545.50p +3.31% Polymetal International (POLY) 567.50p +3.18% Home Retail Group (HOME) 197.70p +3.13% Wood Group (John) (WG.) 627.00p +3.12% Vedanta Resources (VED) 602.50p +2.82% Evraz (EVR) 133.20p +2.38% Bank of Georgia Holdings (BGEO) 1,930.00p +2.17% FTSE 250 - Fallers Pets at Home Group (PETS) 198.20p -6.42% Bwin.party Digital Entertainment (BPTY) 111.70p -5.34% IP Group (IPO) 216.80p -4.87% Centamin (DI) (CEY) 55.95p -3.87% Zoopla Property Group (WI) (ZPLA) 202.40p -3.66% Alent (ALNT) 327.50p -2.67% Allied Minds (ALM) 335.00p -2.40% Spire Healthcare Group (SPI) 339.50p -2.30% Brit (BRIT) 263.40p -2.26% UK Event Calendar MONDAY 22 DECEMBER INTERIMS Falanx Group Ltd., Hermes Pacific Investments, MNC Strategic Investments, Sable Mining Africa Ltd. (DI) INTERIM DIVIDEND PAYMENT DATE Establishment Inv Trust, Vedanta Resources QUARTERLY EX-DIVIDEND DATE Royal Dutch Shell INTERNATIONAL ECONOMIC ANNOUNCEMENTS Consumer confidence (EZ) (10:00) Existing home sales (US) (15:00) EGMS ACTA S.P.A., Public Power GDR SA (Reg S) AGMS Kolar Gold Ltd., Leaf Clean Energy co (DI), Rangers International Football Club, SimiGon Ltd. (DI), Sylvania Platinum Ltd. (DI) FINAL DIVIDEND PAYMENT DATE CVS Group, Lok-n Store Group, Smart (J)&Co. WIN TICKETS TO RUGBY WORLD CUP 2015 Join our fantasy trading game for your chance to win money can’t buy rugby experiences and much more Find out more here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks rise as oil prices increase European stocks advanced as oil prices gained and investors awaited a report that is expected to show Eurozone consumer confidence rose in December. The consumer sentiment index for the euro-area is forecast to increase to -11 this month from -11.6 in November. The report follows upbeat data out of Germany last week and comes amid speculation that the European Central Bank will introduce full-blown quantitative easing in January. In the US, a report in afternoon trading may show existing home sales fell 1.1% in December following a 1.5% increase in November. The Federal Reserve, which has been monitoring economic data in its policy decisions, last week decided to maintain interest rates, saying that it would practice patience on any changes. The central bank signalled that borrowing costs could be raised as early as April. Data on Tuesday is projected to show US economic growth was faster than initially estimated in the third quarter. In another boost to the market, oil prices recovered after Saudi oil minister Ali Al-Naimi said at a conference in Abu Dhabi at the weekend that the sector will recover and fossil fuel will remain the main source of energy for decades to come. Mohammed Al Sada, Qatar's energy minister, urged producers outside of OPEC to cut their output on the sidelines of the conference. The Organization of Petroleum Exporting Countries last month held back on slashing its production target of 30 million barrels a day. Brent crude increased 1.4% to $62.30 per barrel, according to the ICE. The rouble advanced on the pick-up in oil prices following last week's plunge. Company-wise, Daimler AG rallied after its chief financial officer said to Boersen-Zeitung that the German carmaker may raise its 2014 dividend. Delta Lloyd NV declined after saying the Dutch central bank ordered it to dismiss its chief financial officer by 2016. Swissquote offers CFD Trading, an efficient mean of trading indices, commodities and currencies. You can trade on the market whether you think it will go UP or Down! Think the DAX will go Down? Short the DAX… Try CFD Trading with a Free Practice Account losses can exceed your deposit. US Market Report US close: Markets ascend as post-Fed boom continues and crude futures rise US stocks advanced on Friday in a continuation of the week's post-Fed boost after a day of little economic data. The Dow Jones Industrials rose 0.15% to 17,804.80 while the S&P 500 increased 0.46% to 2,070.65 and Nasdaq soared 0.33% to 4,281.78. US markets are still responding to the Federal Reserve's decision to drop the language that it will be a "considerable time" before rates are raised from near-zero in Wednesday's FOMC. "Signs of dissent from Fed member Kocherlakota signal that not all is well on the committee, which has stymied the run towards 18,000, but overall the new week should see the usual low volume push higher that is characteristic of the final sessions before Christmas," said IG market analyst Chris Beauchamp. Oil prices continues to climb, with crude futures rebounding slightly after weeks declining after OPEC announced it will not be slashing production rates. Beauchamp added that "it remains to be seen whether we are seeing a turnaround rather than just a dead cat bounce into the New Year as traders begin to wind down positions heading into the years end". West Texas Intermediate crude futures soared 6.534% to $58.16 while Brent crude futures increased 4.955% to $62.36. Meanwhile, the dollar advanced against the pound, the euro and the yen on Friday while 10-year US Treasury yields fell five basis points to 2.16%. Over on COMEX, gold futures inched up 0.09% to $1,195.9 per ounce. In corporate news, Coca-cola decreased 1.04% to 41.95 after a tumultuous week of trading. 3 Recovery Stocks for 2015 2014 has been a very turbulent year for several  major stocks.  Our report will give you insight into 3  major companies  that may have turned the corner.  Click Here. Newspaper Round Up Monday newspaper round-up: House prices, North Sea oil, OPEC... House prices in London fell below the £500,000 mark on average in November, reports The Guardian. According to figures from real estate agency Haart, while prices rose nationally by 0.6% in the past month, they fell by 1.9% in the capital. Prices in North London fell 6.7% in November, while prices in the south west of the capital were down 14% year-on-year. The Times says that oil producers in the North Sea are due for big tax breaks from the Treasury as the government considers measures to drive investment in the industry in light of the recent crash in crude prices. The paper said the Treasury is planning "more radical measures" following this month's autumn statement, which included a cut in the tax rate and new investment allowances. According to The Guardian, oil ministers from Saudi Arabia and the United Arab Emirates have stood behind OPEC's decision not to cut output in the face of a supply glut and blamed those outside the cartel for the recent collapse in crude prices. "The lack of cooperation from other producers outside Opec and the spread of misleading information and speculation led to the continuation of the drop in prices," said Saudi oil minister Ali al-Naimi. The Financial Conduct Authority (FCA) has put the pressure on banks to make sure that huge fines for foreign exchange rigging will come out of bonuses, The Telegraph writes. The FCA has reportedly told British banks and UK subsidiaries of foreign lenders that payouts that don't reflect recent penalties will be "considered inappropriate", the paper said. The Office for National Statistics is to begin measuring the UK's "economic wellbeing" and whether the recovery is being felt among households, according to The Guardian. "Income and spending per head will be among the measures included, as will net wealth, unemployment and inflation," the paper said. According to The Times, a former senior Bank of England official criticised for not raising suspicions about traders attempting to rig the $5trn-a-day foreign exchange market dined with executives from the banks involved in the scandal on more than 30 occasions. Martin Mallett, the former chief foreign exchange dealer, accepted hospitality from banks' officials before he was suspended when the BoE launched an investigation into his conduct.   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  Morning Euro Markets Bulletin Daily world financial news Friday, 19 December 2014 10:07:08 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Trendsignal Your complimentary trading guide Make a consistent income with this simple trading strategy. For your free guide click here. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: FTSE rises for fourth day as late Santa Rally kicks in UK stocks rose for a fourth straight day on Friday following massive gains on Wall Street the night before, with the Dow Jones index registering its biggest one-day gain in three years. London's FTSE 100 was up 0.6% at 6,506 in early deals and has now risen by over 5% since Tuesday. Mike van Dulken, head of research at Accendo Markets, said that the UK benchmark index is "continuing to retrace the recent correction". He said: "Santa's Rally might be a bit late and only reversing recent declines but it is a welcome trend to see and gives hope to a revisit of recent highs 6,750 or even 6,900." US markets surged on Thursday with the Dow ending 2.4%, or 421 points higher. The jump follows comments made on Wednesday by Federal Reserve chair Janet Yellen who said that policymakers "can be patient" when it comes to the first interest-rate hike. Oil prices rebounded on Friday after finishing at their lowest levels since May 2009 on the back of optimistic comments about future demand from Saudi Arabia's oil minister. Brent futures for February delivery were up 22 cents at $59.49 a barrel on the ICE Futures Europe exchange in London, after sliding to a new five-year low of $59.27 a barrel on Thursday. Banks and housebuilders rise, energy services sink Banking stocks were among the best performers early on with HSBC, Barclays, RBS and Lloyds making decent gains. Housebuilders such Persimmon, Bellway, Barratt Developments and Bovis Homes were also providing a lift. Oil service stocks were weak, however, after the recent slide in crude, with Wood Group, Hunting and Petrofac registering steep losses. A director of Premier Oil, Robin Allan, said on Thursday that the North Sea oil industry was "close to collapse" and that it's "almost impossible to make money at these oil prices". British American Tobacco gained after revealing it is to pay out $575m to settle a legacy litigation case with a company involved in the production and sale of asbestos-containing products in the 1980s. The agreement "brings this long running litigation to an end", the company said. Support services group Serco fell despite the news that police have ended their investigation into its contract to move prisoners from custody to courts without bringing charges against the company. Marketing and communication group UBM was in demand after completing the acquisition of US-based VSS-AHC Consolidated Holdings for £599m, making it the biggest event business in the US in terms of revenue. Download the 15-Minute Retirement Plan by Fisher Investments.   Click here to download! Market Movers techMARK 2,936.47 +0.33% FTSE 100 6,506.00 +0.62% FTSE 250 15,792.64 +0.38% FTSE 100 - Risers WPP (WPP) 1,339.00p +2.84% Persimmon (PSN) 1,568.00p +2.15% Associated British Foods (ABF) 3,197.00p +2.04% St James's Place (STJ) 809.50p +1.76% Antofagasta (ANTO) 734.50p +1.73% Randgold Resources Ltd. (RRS) 4,312.00p +1.60% Aggreko (AGK) 1,537.00p +1.59% Rolls-Royce Holdings (RR.) 870.50p +1.58% HSBC Holdings (HSBA) 605.90p +1.52% Tesco (TSCO) 178.40p +1.48% FTSE 100 - Fallers Petrofac Ltd. (PFC) 692.50p -4.09% SSE (SSE) 1,619.00p -1.76% Next (NXT) 6,480.00p -1.22% Old Mutual (OML) 187.90p -1.05% Smiths Group (SMIN) 1,076.00p -0.92% CRH (CRH) 1,522.00p -0.72% Centrica (CNA) 270.30p -0.59% Coca-Cola HBC AG (CDI) (CCH) 1,216.00p -0.49% GlaxoSmithKline (GSK) 1,372.00p -0.47% Diageo (DGE) 1,822.50p -0.46% FTSE 250 - Risers Nostrum Oil & Gas (NOG) 393.60p +3.58% Bank of Georgia Holdings (BGEO) 2,050.00p +3.17% Ocado Group (OCDO) 376.50p +2.78% Greencore Group (GNC) 292.90p +2.77% Bellway (BWY) 1,952.00p +2.57% Barratt Developments (BDEV) 461.40p +2.42% RPC Group (RPC) 549.50p +2.23% Debenhams (DEB) 73.95p +2.21% Grafton Group Units (GFTU) 646.50p +1.97% JPMorgan American Inv Trust (JAM) 287.50p +1.95% FTSE 250 - Fallers Hunting (HTG) 491.00p -6.03% Wood Group (John) (WG.) 578.50p -5.86% Afren (AFR) 38.94p -5.67% EnQuest (ENQ) 37.11p -4.23% Serco Group (SRP) 159.60p -3.74% Just Retirement Group (JRG) 137.30p -2.62% Computacenter (CCC) 586.50p -1.76% JD Sports Fashion (JD.) 474.30p -1.50% Premier Oil (PMO) 160.60p -1.47% UK Event Calendar Friday 19 December INTERIM DIVIDEND PAYMENT DATE Camkids Group, Iona Environmental VCT, Iona Environmental VCT 'A' Shares, Iona Environmental Vct 'B' Shares, John Laing Environmental Assets Group Limited , Liontrust Asset Management, London Security, LondonMetric Property, Record, Tesco, Walker Crips Group, Wynnstay Properties QUARTERLY PAYMENT DATE Alpha Real Trust Ltd., BP, Brunner Inv Trust, Duet Real Estate Finance Ltd, Utilico Investments Ltd (DI) INTERNATIONAL ECONOMIC ANNOUNCEMENTS Balance of Payments (EU) (09:00) Current Account (EU) (09:00) GFK Consumer Confidence (GER) (07:00) Producer Price Index (GER) (07:00) GMS AIREA, F&C UK Real Estate Investments Limited, John Lewis 5% 1st Cumulative Preference Stk 1, Symphony Environmental Technologies ANNUAL REPORT Character Group SPECIAL DIVIDEND PAYMENT DATE Best of the Best, Lancashire Holdings Limited EGMS BH Credit Catalysts Ltd Ord Red Shs NPV GBP, Datang International Power Generation Co Ltd., Hexaware Technologies Ltd. GDS (Reg S), Societatea Nationala De Gaze Naturale Romgaz S.A. GDR (Reg S) AGMS Botswana Diamonds, Henderson Value Trust, JPMorgan Japanese Inv Trust, OPG Power Ventures, Uranium Resources, Webis Holdings, Wessex Exploration TRADING ANNOUNCEMENTS Berendsen, Keller Group UK ECONOMIC ANNOUNCEMENTS Public Sector Finances (09:30) FINAL DIVIDEND PAYMENT DATE Dunelm Group, Edinburgh Dragon Trust, Pan African Resources, Tristel   WIN TICKETS TO RUGBY WORLD CUP 2015 Join our fantasy trading game for your chance to win money can’t buy rugby experiences and much more Find out more here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks gain as German consumer confidence rises European stocks advanced after a report showed German consumer confidence rose more than forecast. GfK's forward-looking consumer confidence index climbed to 9.0 in January from 8.7 in December, exceeding market estimates for a reading of 8.8. Separately, GfK's index for UK consumer sentiment fell to -4 in December from -2 the previous month. Analysts had been anticipating a slight improvement to -1. In a boost to markets, the Bank of Japan painted a bright picture of the economy as it maintained its stimulus, seven weeks after expanding the programme. China, meanwhile, revised up the size of its economy in 2013. Gross domestic product gained 3.4% to an estimated 58.8trn yuan in 2013, the National Bureau of Statistics said, marking a rise of 1.9trn yuan. Swiss index continues rally The Swiss Market Index extended its two-day gain after the nation's central bank took its deposit rate negative. A gauge of bank stocks edged higher, led by Switzerland's UBS Group AG and Julius Baer Group. Air France declined after the airline pushed back delivery of some aircraft in the next two years to contain costs. Roche Holding AG slumped as the drugmaker announced disappointing results from a clinical trial that combined two of its breast-cancer drugs. Atos was a higher riser after agreeing to buy Xerox Corp.'s information-technology outsourcing business for $1.05bn. Brent crude futures rose 0.43% to $59.53 per barrel, according to the ICE. Swissquote offers CFD Trading, an efficient mean of trading indices, commodities and currencies. You can trade on the market whether you think it will go UP or Down! Think the DAX will go Down? Short the DAX… Try CFD Trading with a Free Practice Account losses can exceed your deposit. US Market Report US close: Markets soar in post-Fed rally as oil futures settle in the red US stocks advanced on Thursday, continuing the post-Fed rally regardless of the day's mixed economic data. The Dow Jones Industrials rose 2.43% to 17,778.15 while the S&P 500 increased 2.4% to 2,061.23 and Nasdaq soared 2.47% to 4,267.77. The Federal Reserve dropped the language that it would be a "considerable time" before rates would be raised from near-zero in Wednesday's FOMC. However, Capital Economics said: "We still think that the unemployment rate is going to fall a lot faster over the next few months than Fed officials appreciate. "Under those circumstances, it does not dissuade us that unexpectedly strong employment growth over the next few months could still prompt the Fed to hike rates next March, sooner than most others expect. US initial jobless claims came in lower than imagined week-on-week for 13 December, at 289,000 compared with the consensus expectation of 295,000, but analysts seemed unconcerned. Barclays Research said: "Continuing claims data lag initial jobless claims by one week, and last week's one-off spike in continuing claims data is consistent with the calendar effects that boosted seasonally-adjusted initial claims data temporarily in recent readings. "We continue to look for further improvements in labor market separations and expect claims data to trend lower over time." The US Philadelphia Fed Business Outlook also landed below consensus expectations month-on-month for December. Employment was recorded at 7.2, set against a previous figure if 22.4 this marked the lowest score since April. Meanwhile, oil prices continued to drop as West Texas Intermediate crude futures dropped 3.577% to $54.52 while Brent crude futures declined 2.376% to $59.76. This slide came later in the day after an oscillating period where crude futures briefly rallied above $61 a barrel. The dollar continued to weaken against the pound, but increased against the euro and the yen. Over on COMEX, gold futures advanced by 0.35% to $1,198.8 per ounce. In corporate news, General Motors gained 1.93% to 31.75 after suspending car delivery to Russian dealerships following the route crash. Anadarko Petroleum increased by 3.07% to 81.01 amid volatile movement in the energy sector. 10-year US Treasury yields moved up seven basis points to 2.21%. S&P 500 - Risers Oracle Corp. (ORCL) $45.35 +10.18% First Solar Inc. (FSLR) $45.21 +6.75% Owens-Illinois Inc. (OI) $26.28 +6.70% Kraft Foods Group, Inc. (KRFT) $63.38 +6.41% Biogen Idec Inc. (BIIB) $353.70 +6.25% Tenet Healthcare Corp. (THC) $51.30 +5.90% Vertex Pharmaceuticals Inc. (VRTX) $117.74 +5.27% Ensco Plc. (ESV) $29.91 +5.21% Accenture Plc (ACN) $89.74 +5.21% Adt Corp (ADT) $33.69 +5.08% S&P 500 - Fallers Tesoro Corp. (TSO) $71.38 -4.23% Range Resources Corp. (RRC) $60.09 -2.97% Ventas Inc. (VTR) $71.85 -1.91% Windstream Holdings Inc (WIN) $8.75 -1.69% Valero Energy Corp. (VLO) $47.07 -1.51% XL Group Plc (XL) $33.16 -1.49% ConAgra Foods Inc. (CAG) $36.58 -1.42% QEP Resources Inc (QEP) $19.69 -1.10% Baker Hughes Inc. (BHI) $55.77 -1.03% Marathon Petroleum Corporation (MPC) $84.03 -0.83% Dow Jones I.A - Risers Microsoft Corp. (MSFT) $47.52 +3.89% International Business Machines Corp. (IBM) $157.68 +3.78% Goldman Sachs Group Inc. (GS) $191.61 +3.56% Cisco Systems Inc. (CSCO) $27.65 +3.13% Unitedhealth Group Inc. (UNH) $102.24 +3.13% American Express Co. (AXP) $93.17 +3.02% 3M Co. (MMM) $165.30 +2.93% JP Morgan Chase & Co. (JPM) $61.48 +2.86% Chevron Corp. (CVX) $109.03 +2.84% E.I. du Pont de Nemours and Co. (DD) $72.23 +2.80% Dow Jones I.A - Fallers Nasdaq 100 - Risers Kraft Foods Group, Inc. (KRFT) $63.38 +6.41% Biogen Idec Inc. (BIIB) $353.70 +6.25% Tesla Motors Inc (TSLA) $218.26 +6.04% Vimpelcom Ltd Ads (VIP) $3.89 +5.99% Vertex Pharmaceuticals Inc. (VRTX) $117.74 +5.27% Cognizant Technology Solutions Corp. (CTSH) $53.45 +4.80% NetApp Inc. (NTAP) $42.72 +4.58% Wynn Resorts Ltd. (WYNN) $145.10 +4.41% Autodesk Inc. (ADSK) $59.46 +4.30% Western Digital Corp. (WDC) $112.36 +4.09% Nasdaq 100 - Fallers Starbucks Corp. (SBUX) $80.03 -0.50% 3 Recovery Stocks for 2015 2014 has been a very turbulent year for several  major stocks.  Our report will give you insight into 3  major companies  that may have turned the corner.  Click Here. Newspaper Round Up Friday newspaper round-up: IAG and Aer Lingus, North Sea oil, Unilever and RB... The Times has printed a story on British Airways owner IAG's revelation that a secret €1bn-plus takeover of Aer Lingus was rejected by the Irish carrier's board. According to the new source, a takeover by IAG would have seen the airline seize even more highly prized take-off and landing slots at capacity constrained Heathrow airport. An expert has warned the North Sea oil industry is "close to collapse" as a slump in prices piles pressure on drillers to cut back investing in the region, The Telegraph reports. The paper claimed that Robin Allan, chairman of the independent explorers' association Brindex, said it is "almost impossible to make money" with the oil price below $60 per barrel. Consumer-products giants Unilever and RB (formerly known as Reckitt Benckiser) have both been fined by French competition authorities for price-fixing, according to The Times. The companies were hit with fines of €172.5m and €121m, respectively, for fixing the price of personal hygiene and cleaning products sold in French supermarkets. Vladimir Putin has blamed the West for Russia's financial crisis and warned that the country faces two years of recession, citing "external factors", reports the Financial Times. He said in a press conference on Thursday: "They will always try to put [the Russian bear] on a chain. As soon as they succeed in doing so they will tear out its fangs and claws [leaving a] stuffed animal." "John Laing is on the verge of being brought back to the stock market seven years after it was taken private," writes The Times. The paper said that the infrastructure investor and construction project management group will probably be one of the first big flotations of 2015 in London. Scottish retailers missed out on the Black Friday surge in sales seen in the UK, writes The Scotsman. While British sales rose at an annual rate of 6.4% in November, the strongest growth in a decade, sales in Scotland were down 1.4%.   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. 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