ADVFN Newsdesk - Risk Aversion Heightens Amid Ongoing Uncertainty

ADVFN  World Daily Markets Bulletin Daily world financial news Friday, 31 January 2014 10:21:44    Monitor Quote Charts News Toplists Forex Boards   Sponsored by: VectorVest Beat the market – Guaranteed! Discover trading plans that beat the market year after year and tell you exactly when to buy, what to buy and when to sell. Click Here US Market The major U.S. index futures are pointing to a notably lower opening on Friday, with sentiment reflecting extreme risk aversion amid the release of some disappointing earnings from companies such as Amazon. Adding to concerns, department store giant Wal-Mart made negative pre-announcement, raising doubts about the recovery in consumer spending. Meanwhile, an economic report released earlier in the day showed a smaller than expected increase in personal income, while the personal spending growth exceeded estimates. Traders may also look ahead to a consumer sentiment and manufacturing reading, both due to be released shortly after the markets open. U.S. stocks staged a remarkable turnaround on Thursday, helped by some positive earnings and in line fourth quarter GDP data. The major averages opened higher and advanced steadily until the mid-session. Thereafter, the averages moved roughly sideways before closing notably higher. The Dow Industrials ended up 109.82 points or 0.70 percent at 15,849, the S&P 500 Index closed 19.99 points or 1.13 percent higher at 1,794 and the Nasdaq Composite closed at 4,123, up 71.69 points or 1.77 percent. Fifteen of the thirty Dow components closed higher, with Caterpillar , Merck , Disney , Pfizer and UnitedHealth leading the gains. On the other hand, 3M Co. , Boeing , Exxon Mobil and Procter & Gamble retreated notably. Biotechnology, utility, transportation, retail, Semiconductor and financial stocks were among the best performers of the session, while Gold stocks bucked the uptrend. On the economic front, The Commerce Department reported that U.S. fourth quarter GDP rose 3.2 percent quarter-over-quarter, in line with expectations. Personal spending contributed 2.25 percentage points to GDP growth by virtue of its 3.3 percent increase. Inventory build up also contributed to growth. Trade accounted for 1.33 percentage points of the growth, as export growth at 11.4 percent outpaced the 0.9 percent increase in imports. At the same time, government spending deducted from the growth. Spending on equipment was up 6.9 percent, while residential construction spending fell by 9.8 percent. Meanwhile, the Labor Department reported that jobless claims rose to 348,000 in the week ended January 25th from an upwardly revised reading of 329,000 for the previous week. The four-week average rose slightly to 333,000 from 332,000. At the same time, continuing claims calculated with a week's lag fell by 16,000 to 2.991 million in the week ended January 18th. A National Association of Realtors report showed that pending home sales fell 8.7 percent month-over-month in December, with the index dropping to the lowest level since October 2011. Annually, pending home sales were down 8.8 percent. Pending home sales fell in each of the four geographic regions. The weakness stemmed mainly from adverse weather conditions. Notwithstanding yesterday's upside, The Dow Industrials is still locked in its recent consolidation region. On the downside, the index has solid support in the form of its 100-day moving average (currently at 15,783). Aside from the MA, the index also has support around the 15,816, 15,743 and 15,681 levels. On the upside, key resistance areas can be seen around 15,890, 15,968, 16,010, 16,062 and 16,167. Retired Talk Show Host Reveals Shocking Secret "Almost anyone can collect income checks from the government," he says. "And it's all tax-free." Read More US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts Personal income in the U.S. came in nearly unchanged in the month of December, according to a report released by The Commerce Department on Friday, although the report still showed a bigger than expected increase in personal spending for the month. The Commerce Department said personal income inched up by less than a tenth of a percent in December after rising by 0.2 percent in November. Economists had been expecting another 0.2 percent increase. At the same time, the report said personal spending climbed by 0.4 percent in December following a 0.6 percent increase in the previous month. The spending growth exceeded economist estimates for a 0.2 percent uptick. Around the same time, the Labor Department is scheduled to release its employment cost index for the fourth quarter. The employment cost index is estimated to have increased by 0.4 percent, the same pace of growth as in the previous quarter. MNI Indicators is due to release the results of its manufacturing survey for the Chicago region at 9:45 am ET. The consensus estimates call for a modest increase in the index to 59.5 in January from 59.1 in December. The business barometer slid to 59.1 in December from 63 in November. The new orders index declined 8 points to 60.7 and the order backlogs index moved down 1.5 points to 58.3. The employment index declined 9.3 points to 51.6, the lowest level since April, and the inventories index fell steeply to 43.9 from 61.1. Reuters and the University of Michigan are scheduled to release the revised estimates for their consumer sentiment index for January at 9:55 am ET. Economists expect an upward revision to the index to 81 from the mid-month reading of 80.4. Dallas Federal Reserve Bank President Richard Fisher will speak on Fed operations and the economic outlook in Fort Worth at 4:15 pm ET. No platform or data fees with no trade minimums Trade free for 60 days + get up to $600 cash. Join TD Ameritrade Stocks in Focus FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts Google reported fourth quarter adjusted earnings of $12.01 per share on revenues of $16.86 billion. The earnings were shy of estimates, while the revenues exceeded estimates. Amazon reported fourth quarter earnings of 51 cents per share on net sales of $25.59 billion, up 20 percent. For the first quarter, the company expects an operating loss of $200 million to an operating profit of $200 million on net sales of $18.2 billion to $19.9 billion. The results trailed expectations and the guidance was lackluster. Zynga's fourth quarter net loss narrowed from the prior year period. The company also announced an agreement to acquire privately-held NaturalMotion, a mobile game and technology developer, for approximately $527 million. The company also plans to reduce approximately 314 employees, representing 15 percent of its current workforce. Wal-Mart announced that it currently expects underlying earnings per share for the fourth quarter and fiscal 2014 to be at or slightly below the low end of its previously announced guidance range. In addition, the company expects both Walmart U.S. and Sam's Club comp store sales, without fuel, for the 14-week period ending Jan. 31, 2014, to be slightly negative to the guidance provided in its third quarter report. Mattel (MAT) reported fourth quarter profit that improved from the previous year period, but missed Wall Street view. Worldwide net sales declined 6 percent and missed the consensus estimate. Broadcom's fourth quarter results exceeded estimates. The company's first quarter revenue guidance was also in line. PMC-Sierra also reported better than expected fourth quarter results. Celestica's fourth quarter earnings beat estimates, while its revenues were shy of estimates. The company's first quarter earnings guidance was in line, while its revenue guidance was weak. Wynn Resorts' fourth quarter results were better than expected. Reinsurance Group of America reported fourth quarter operating income of $2.17 per share on revenues of $2.74 billion. The results exceeded estimates. Over the medium term, the company expects operating income per share growth of 5-8 percent and operating return of equity of 11-12 percent. Manitowoc reported fourth quarter adjusted earnings from continuing operations of 47 cents per share on sales of $1.10 billion, down 2.1 percent year-over-year. The earnings exceeded estimates, while the revenues were shy of estimates. Emulex reported second quarter non-GAAP earnings of 21 cents per share on net revenues of $123 million. The results exceeded estimates. For the third quarter, the company expects non-GAAP earnings of 14-17 cents per share on revenues of $110 million to $114 million. The earnings guidance was in line, while the revenue guidance was shy of estimates. CSC reported third quarter earnings from continuing operations of 98 cents per share on revenues of $3.23 billion, down 7 percent year-over-year. The results exceeded estimates and the revenues were in line. The company raised its earnings from continuing operations guidance for 2014 to $3.80-$3.90 per share. Microchip Technology's third quarter results were better than expected. Boyd Gaming lowered its fourth quarter adjusted EBITDA guidance to the low end of its previously announced guidance range of $105 million to $110, citing unusually low hold percentage and severe winter weather during two weekends at Borgata. The company also said it expects an adjusted loss of 21-27 cents per share compared to its previous estimate for a loss of 15-20 cents per share. Polaris Industries announced a 14 percent increase in its dividend to 48 cents per share. No platform or data fees with no trade minimums Trade free for 60 days + get up to $600 cash. Join TD Ameritrade European Market European stocks saw some volatility in early trading and have pulled back since then. On the economic front, the results of a survey by GfK NOP showed that consumer confidence rose to -7 in December from -13 in November. A report released by the German Federal Statistical Office showed that German retail sales fell unexpectedly in December. Retail sales fell 2.5 percent month-over-month, contrasting expectations for a 0.2 percent increase. Asian Markets USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts The major Asian markets that were open for trading closed on a mixed note, with the Japanese market ending lower on the yen's rebound, while the Australian and New Zealand market advanced. The Chinese, Hong Kong, Malaysian, Indonesian, Singaporean, Taiwanese and South Korean markets were all closed for the Lunar New Year holiday. Japan's Nikkei opened higher and held above the unchanged line until the afternoon. With the yen strengthening in the wake of some strong domestic data, the index retreated below the unchanged line and languished in the red thereafter. The index ended down 92.53 points or 0.62 percent at 14,915. Export stocks led the declines, with Toshiba, Kawasaki Kisen Kaisha, Fuji Electric and Casio Computer among the worst performers of the session. On the other hand, Fujitsu and NEC rallied over 10 percent each. Australia's All Ordinaries ended a volatile session modestly higher, with the index see-sawing throughout the session before ending up 5.70 points or 0.11 percent at 5,205. Consumer, industrial, telecom and utility stocks gained ground, while material, financial and energy stocks lost ground. On the economic front, a slew of data released from Japan showed that efforts initiated by the Japanese government to fight deflation is slowly and steadily coming to fruition. The Ministry of Economy, Trade and Industry showed that industrial production in Japan rose 1.1 percent in December following a 0.1 percent increase in November. Economists expected a 1.3 percent increase for the month. A Ministry of Internal Affairs and Communication report showed that core consumer prices in Japan rose 1.3 percent annually in December compared to expectations for a 1.2 percent increase. A separate report showed that the jobless rate came in at 3.7 percent, better than the 3.9 percent rate expected by economists. Additionally, household spending rose 0.7 percent year-over-year in December compared to expectations for a 1.1 percent increase. The Ministry of Land, Infrastructure, Transport and Tourism reported that housing starts rose 18 percent year-over-year in December, faster than the 14.1 percent rate in November and the 13.6 percent rate expected by economists. Producer prices in Australia rose 0.2 percent sequentially in the fourth quarter, according to estimates released by the Australian Bureau of Statistics. This followed a 1.3 percent increase in the third quarter. The gun debate reveals game-changing technology And provides proof that we could be at the exact tipping point to deliver monster-sized gains. Read more... Currency and Commodities Markets Crude Oil futures are receding $0.77 to $97.46 a barrel after rising $0.87 to $98.23 a barrel on Thursday. Gold futures are currently climbing $10.10 to $1,252.60 an ounce. In the previous session, Gold fell $19.70 to $1,242.50 an ounce. Among currencies, the U.S. dollar is trading at 102.25 yen compared to the 102.72 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.3517 compared to yesterday's $1.3555.     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, 31 January 2014 09:49:00 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Landcorp Canada off-plan plots with guaranteed resell From £30,000 with up to 48% returns in 36 months Download free brochure London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Markets lower ahead of Eurozone CPI, BT gains - BT lifts earnings outlook for full year - German retail sales fall, Eurozone CPI ahead - FTSE 100 down two per cent on the week techMARK 2,777.63 -0.10% FTSE 100 6,519.07 -0.30% FTSE 250 15,723.63 +0.14% UK markets were in the red for a third straight day on Friday despite strong gains for heavyweight constituent BT, as investors adopted a cautious approach amid a data-heavy session. The FTSE 100 was 0.3% lower at 6,519 early on, trading at levels not seen since December 18th when it closed at 6,492.08. Ongoing concerns about emerging markets and a further reduction of stimulus in the States have weighed heavily on markets this week as traders scaled back their appetite for risk. As it stands, London's benchmark index is now more than 2% lower than last Friday's closing price. Adding to the selling pressure this morning was a surprise 2.5% drop in German retail sales in December, compared with a revised 0.9% gain the month before. Analysts had expected sales to rise by 0.2% from November. Markets across Europe were trading broadly lower his morning ahead of the all-important Eurozone consumer price index data, which is expected to show that the annual rate of inflation ticked up to 0.9% in January, from 0.8% in December. However, with the European Central Bank (ECB) targeting inflation of close to, but under, 2%, any downside surprise in the CPI figure today will likely lead to renewed calls for the ECB to loosen monetary policy further following the recent rate cut. BT ups full-year guidance Telecoms titan BT was a high riser this morning after raising its earnings outlook for the year as its broadband fibre business and new BT Sport channels helped it to boost profits by 8% in the third quarter. Drinks group Diageo was extending losses made yesterday when it disappointed investors with worse-than-expected first-half results. Goldman Sachs downgraded its rating on the stock to 'neutral' this morning and slashed its target from 2,660p to 1,996p. The bank, however, gave tobacco giant Imperial a lift this morning after upgrading its stance to 'conviction buy' and raising its target from 2,545p to 2,840p. Asset manager Schroders was also performing well after Berenberg lifted the stock to 'buy' and hiked its target from 2,550p to 3,050p. The Paragon Group of Companies saw its share price surge after saying that new buy-to-let lending increased "significantly" during its first quarter and operating profits were 13.5% ahead of last year. Pizza delivery chain Domino's was higher after saying Senior Non-Executive Director David Wild will be acting as Chief Executive until a replacement for Lance Batchelor is found. Credit Suisse also upgraded the stock to 'outperform' today. Web and technology business Premier Farnell said that sales had picked up in the second half of the year but shares fell sharply after the firm warned that operating margins would be flat next year. Q4 Banks reporting, LLoyds , RBS , Barc - Buy or Sell? Download your complementary report now, Click Here.  Losses can exceed deposits FTSE 100 - Risers BT Group (BT.A) 382.50p +3.13% Imperial Tobacco Group (IMT) 2,248.00p +3.02% Fresnillo (FRES) 782.00p +1.96% Burberry Group (BRBY) 1,434.00p +1.63% National Grid (NG.) 790.00p +1.02% BG Group (BG.) 1,018.50p +0.99% Randgold Resources Ltd. (RRS) 4,177.00p +0.84% British American Tobacco (BATS) 2,913.00p +0.81% Severn Trent (SVT) 1,744.00p +0.69% Schroders (SDR) 2,500.00p +0.68% FTSE 100 - Fallers BAE Systems (BA.) 427.10p -2.04% Aggreko (AGK) 1,532.00p -1.79% Barclays (BARC) 270.45p -1.67% Sage Group (SGE) 414.50p -1.43% CRH (CRH) 1,576.00p -1.38% Hargreaves Lansdown (HL.) 1,495.00p -1.25% Amec (AMEC) 1,023.00p -1.25% ITV (ITV) 199.30p -1.24% Aviva (AV.) 447.10p -1.19% Marks & Spencer Group (MKS) 469.30p -1.18% FTSE 250 - Risers Paragon Group Of Companies (PAG) 365.70p +5.12% Domino's Pizza Group (DOM) 532.50p +3.60% Keller Group (KLR) 1,179.00p +3.42% Synthomer (SYNT) 281.50p +3.30% African Barrick Gold (ABG) 221.70p +2.35% Tullett Prebon (TLPR) 339.10p +2.20% Centamin (DI) (CEY) 45.15p +2.17% Perform Group (PER) 239.90p +2.09% NMC Health (NMC) 485.90p +2.08% BH Global Ltd. USD Shares (BHGU) 11.79 +2.08% FTSE 250 - Fallers Premier Farnell (PFL) 215.50p -7.95% Essar Energy (ESSR) 58.20p -3.72% Vedanta Resources (VED) 814.50p -2.75% esure Group (ESUR) 268.70p -2.22% Intu Properties (INTU) 320.00p -1.84% Dignity (DTY) 1,466.00p -1.68% Diploma (DPLM) 684.00p -1.58% Ashmore Group (ASHM) 328.10p -1.44% Rightmove (RMV) 2,509.00p -1.41% UK Event Calendar INTERIMS Rank Group, Rank INTERIM DIVIDEND PAYMENT DATE Aberdeen New Dawn Investment Trust, Bisichi Mining, F&C Global Smaller Companies, Jupiter Second Split Trust Geared Gwth Shares, Latham (James), Monks Inv Trust, NewRiver Retail Ltd. (Reg S), Solid State, Speedy Hire, Vianet Group QUARTERLY PAYMENT DATE British Assets Trust, F&C Commercial Property Trust Ltd., JP Morgan Chase & Co, Mercantile Investment Trust (The), Middlefield Canadian Income PCC, Schroder Income Growth Fund, Torchmark Corp. INTERNATIONAL ECONOMIC ANNOUNCEMENTS Chicago PMI (US) (13:45) International Reserves (EU) (11:00) Personal Consumption Expenditures (US) (13:30) Personal Income (US) (13:30) Personal Spending (US) (13:30) Retail Sales (GER) (07:00) U. of Michigan Confidence (Final) (US) (15:00) Unemployment Rate (EU) (10:00) Q3 BT Group GMS Caledonian Trust ANNUAL REPORT Aberforth Smaller Companies Trust SPECIAL DIVIDEND PAYMENT DATE European Investment Trust EGMS Public Power GDR SA (Reg S) AGMS APC Technology Group, Caledonian Trust, JPMorgan Asian Inv Trust, Schroder UK Mid Cap Fund, Scottish Inv Trust TRADING ANNOUNCEMENTS Air Partner, Vedanta Resources (production report) IMSs Kcom, F&C Asset Management UK ECONOMIC ANNOUNCEMENTS Consumer Confidence (09:30) GFK Consumer Confidence (00:01) FINAL DIVIDEND PAYMENT DATE Alternative Networks, Catco Reinsurance Opportunities Fund Ltd (DI), Character Group, DotDigital Group, European Investment Trust, Lowland Investment Co, Qatar Investment Fund, Scottish Oriental Smaller Companies Trust, Topps Tiles, Tracsis, Unicorn AIM VCT   iPad mini worth £269 for new trading accounts! A minimum volume is required. Terms and conditions apply. Find out more, click here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks fall before Eurozone inflation and jobs data - Eurozone CPI to be released - Euro-area jobless rate out - UK consumer confidence unveiled FTSE 100: -0.34% DAX: -0.85% CAC 40: -0.33% FTSE MIB: -0.47% IBEX 35: -0.24% Stoxx 600: -0.42% European stocks declined ahead of the release of Eurozone inflation and euro-area unemployment figures. Analysts expect Eurozone consumer prices to have risen slightly to 0.9% year-on-year in January from 0.8% in December. The report comes as the European Central Bank (ECB) faces mounting pressure to tackle deflationary risks. The ECB is targeting inflation of close to, but under, 2%. Earlier this month, ECB President Mario Draghi blamed December's drop in inflation on an adjustment by the German statistics office, saying he expects it to pick up in January. On Monday he signalled a move towards monetary stimulus to ward off deflation, saying the ECB would be prepared to buy packages of bank loans to households and companies. Policymakers and investors will today also be watching the release of the Eurozone's unemployment rate for December which is expected to hold at 12.1%. GfK revealed this morning that UK consumer confidence rose more than expected in January. Its sentiment index increased to -7 from -13 in December, surprising economists who had predicted -12. Later today in the US, will be the release of reports on personal income and spending along with the Chicago purchasing managers' index and the University of Michigan's confidence data. BT, Banco Bilbao BT Group advanced after the UK phone company reported third-quarter earnings that beat analysts' estimates. Banco Bilbao Vizcaya Argentaria rallied after the Spanish lender posted a smaller quarterly loss than analysts had forecast. Diageo declined after Goldman Sachs cut its recommendation on the world's biggest distiller to 'neutral' from 'buy', citing continued challenges to growth in emerging markets. LVMH Moet Hennessy Louis Vuitton led European luxury-goods stocks higher after saying growth in fashion and leather-goods sales rebounded in the fourth quarter. The euro was flat at $1.3555. Brent crude futures fell $0.307 to $107.602 per barrel, according to 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: Markets rise as Facebook gives Nasdaq a boost - Facebook, Visa impress with results - US GDP up 3.2 per cent in Q4, as expected - Jobless claims, pending home sales miss forecasts Dow Jones: 0.70% Nasdaq: 1.77% S&P 500: 1.13% US markets put in a decent performance on Thursday with the Nasdaq registering its best one-day gain since mid-October 2013 after upbeat quarterly results from Facebook. Markets were bouncing back after a slump on Wednesday which saw the S&P 500 drop to its lowest level in over two months after the Federal Reserve decided to scale its monthly asset purchases by a further $10bn to $65bn after finding that economic growth had "picked up in recent quarters". While the ongoing turmoil in emerging markets weighed on European markets again throughout Thursday's session, US stocks were boosted by in-line growth data from closer to home. The Commerce Department revealed that US gross domestic product growth was 3.2% in the fourth quarter of 2013, which was "pretty impressive" when considering that the three-week government shutdown occurred at the start of the period, according to Paul Ashworth, Chief US Economist at Capital Economics. While this represented a slowdown from the 4.1% expansion in the third quarter, the two periods combined showed the best back-to-back increase in growth in nearly two years. US benchmark 10-year Treasury yields were trading broadly flat at around 2.69% during the session, compared with levels over 3% at the start of the year. "The slow fall in US bond yields appears to be as a result of money flowing out of emerging markets and back into US treasuries, which is likely to continue to act as an internal boost to the US economy, particularly if rates continue to fall," said Chief Market Analyst Michael Hewson from CMC Markets However, not all economic data today met forecasts, as the Labor Department released a market report which revealed 19,000 more jobless claims in the week ended January 25th. Weekly initial jobless claims reached 348,000, higher than the consensus forecast of 330,000 and the previous week's 329,000. Meanwhile, pending home sales fell by a worse-than-expected 8.7% in December as housing-market activity was dampened by the poor weather last month. Analysts were expecting a fall of just 0.3% month-on-month, in line with the 0.3% decline in November. Facebook, Visa Facebook rallied after the social network reported a 63% rise in fourth-quarter revenue to $2.59bn, surpassing analysts' estimates of $2.35bn. Visa gained as the debt and credit card network reported profit for the first quarter that beat forecasts. Google was higher after Lenovo Group agreed to buy the Motorola Mobility mobile-phone business from the search engine for $2.91bn. Potash Corp. declined after it forecast 2014 profit that fell short of market expectations. Alexion Pharmaceuticals surged after a lower-than-anticipated tax rate helped fourth-quarter earnings and 2014 guidance beat forecasts. S&P 500 - Risers Alexion Pharmaceuticals Inc. (ALXN) $162.00 +21.14% Pitney Bowes Inc. (PBI) $25.85 +18.96% Harman International Industries Inc. (HAR) $102.34 +17.39% Facebook Inc. (FB) $61.08 +14.23% Cameron International Corp. (CAM) $60.33 +6.35% AutoNation Inc. (AN) $49.89 +6.13% Salesforce.Com Inc. (CRM) $60.97 +5.19% Ball Corp (BLL) $51.60 +5.16% Amazon.Com Inc. (AMZN) $403.01 +4.90% ProLogis (PLD) $38.81 +4.86% S&P 500 - Fallers Adt Corp (ADT) $31.40 -16.95% Citrix Systems Inc. (CTXS) $53.29 -7.48% Symantec Corp. (SYMC) $22.38 -7.33% Whirlpool Corp. (WHR) $132.22 -6.64% Best Buy Co. Inc. (BBY) $22.72 -5.21% Murphy Oil Corp. (MUR) $57.44 -5.01% Cliffs Natural Resources Inc. (CLF) $19.26 -4.04% Newmont Mining Corp. (NEM) $24.10 -3.10% Altria Group Inc. (MO) $35.35 -2.96% Airgas Inc. (ARG) $105.44 -2.88% Dow Jones I.A - Risers Nike Inc. (NKE) $73.94 +3.02% Caterpillar Inc. (CAT) $93.20 +2.85% Walt Disney Co. (DIS) $73.22 +2.65% Merck & Co. Inc. (MRK) $53.51 +2.49% Pfizer Inc. (PFE) $30.82 +2.36% Unitedhealth Group Inc. (UNH) $72.80 +2.16% Visa Inc. (V) $220.88 +1.73% Cisco Systems Inc. (CSCO) $21.98 +1.51% E.I. du Pont de Nemours and Co. (DD) $61.54 +1.37% American Express Co. (AXP) $86.62 +1.25% Dow Jones I.A - Fallers Boeing Co. (BA) $126.53 -2.50% 3M Co. (MMM) $128.05 -1.69% Exxon Mobil Corp. (XOM) $93.99 -1.18% Procter & Gamble Co. (PG) $76.87 -0.99% Verizon Communications Inc. (VZ) $47.63 -0.13% Nasdaq 100 - Risers Alexion Pharmaceuticals Inc. (ALXN) $162.00 +21.14% Facebook Inc. (FB) $61.08 +14.23% Amazon.Com Inc. (AMZN) $403.01 +4.90% Tesla Motors Inc (TSLA) $182.84 +4.34% Vertex Pharmaceuticals Inc. (VRTX) $82.15 +4.22% Twenty-First Century Fox Inc Class A (FOXA) $32.02 +4.20% Biogen Idec Inc. (BIIB) $318.28 +4.16% Cerner Corp. (CERN) $56.27 +4.11% Regeneron Pharmaceuticals Inc. (REGN) $292.97 +4.06% Wynn Resorts Ltd. (WYNN) $201.51 +3.94% Nasdaq 100 - Fallers Citrix Systems Inc. (CTXS) $53.29 -7.48% Symantec Corp. (SYMC) $22.38 -7.33% Celgene Corp. (CELG) $153.98 -2.81% Tractor Supply Company (TSCO) $67.46 -2.22% Seagate Technology Plc (STX) $53.10 -1.03% Liberty Media Corporation - Class A (LMCA) $132.15 -0.65% Bed Bath & Beyond Inc. (BBBY) $64.10 -0.42% Vodafone Group Plc ADS (VOD) $37.23 -0.21% Apple Inc. (AAPL) $499.78 -0.19% Mondelez International Inc. (MDLZ) $32.93 -0.18% The Share Centre: Cheaper fund investing has arrived at The Share Centre. We don't believe it's fair to charge you extra just for holding funds. So we don't. Find out more. Capital at risk. Click Here Newspaper Round Up Friday newspaper round-up: Russia, Manufacturing, Nuclear power The simmering crisis in emerging markets has spread to Eastern Europe, forcing Russia and Romania to defend their currencies against capital flight and triggering a sharp rise in Hungary's borrowing costs.The Russian central bank vowed "unlimited" intervention to defend the rouble after it fell to a record low against a basket of currencies. Moscow has already burned through 7bn dollars of reserves since early January. Yields on Russia's two-year "cross-currency swaps" – closely watched by traders for signs of a liquidity crunch – rocketed by 60 basis on Thursday to 7.6 per cent. - Daily Telegraph AstraZeneca has abandoned any scientific effort to search for new medicines to tackle many of the world's deadliest diseases by shutting down its drug discovery work into neglected tropical diseases, tuberculosis and malaria. The company is closing a laboratory in Bangalore that was set up with investment of $40m in 2003 and focuses on the often slow, costly fight against contagious illnesses. - The Times British car manufacturing has boomed in the last two years. As a result, the number of jobs for skilled workers, both old and young, is increasing and has been at the forefront of the economic recovery, according to a report by motor dealer Evans Halshaw. Currently, 30m people over the age of 16 in work in Britain. Statistics show that more than two per cent of this figure work in a role within the umbrella of the motor industry. Job boosts in motor manufacturing have been seen as vital cog in the recovery of the British economy. Earlier in the week, the Office for National Statistics said the economy grew by 0.7% in the final quarter of last year – with manufacturing up 0.9%. - Daily Mail The UK should consider building more nuclear power plants and should not expect cheap energy prices to come from a US-style "revolution" in shale oil and gas, the world's top energy forecaster has warned."The UK has significant shale gas resources but people shouldn't expect a US scale energy revolution in the UK," Fatih Birol, chief economist and director of global energy economics at the International Energy Agency told The Telegraph in an interview on Thursday. - Daily Telegraph Santander will await clarification on new rules relating to capital levels and the "ringfencing" of banking business before it goes ahead with a flotation of its UK arm. The long-awaited listing of the UK business – first mooted in 2010 – has been deemed a medium-term prospect by the Spanish-based bank and is not expected to take place this year. - The Guardian Libya's sovereign wealth fund is suing Goldman Sachs for more than $1bn (£600m) over allegations that the investment bank exploited a lack of financial expertise at Colonel Gaddafi's investment fund. In papers filed in London's high court, the Libyan Investment Authority (LIA) said Goldman charged it $1.1bn for a series of complex derivative trades in the run-up to the financial crisis of 2008, which it claimed eventually proved worthless. Even so, the bank is estimated to have reaped profits on the transactions of around $350m, the legal papers alleged. - The Guardian   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 Thursday, 30 January 2014 17:32:51 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Landcorp Canada off-plan plots with guaranteed resell From £30,000 with up to 48% returns in 36 months Download free brochure London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Diageo leads markets lower after choppy session - Diageo slumps after H1 miss, BSkyB jumps - Economic data comes in mixed - Fed cuts monthly asset purchases by 10bn dollars - Emerging-market volatility continues to weigh on sentiment techMARK 2,780.43 +0.45% FTSE 100 6,538.45 -0.09% FTSE 250 15,701.80 +0.09% UK markets finished slightly lower on Thursday after another choppy session as investors showed caution following recent policy changes from across the globe amid continuing emerging-market volatility. Central banks in Turkey, India and South Africa have all moved to tighten policy in recent days in an attempt to quell a weakening of their currencies in the face of slowing growth in China and a withdrawal of stimulus in the States. However, the positive effects of the rate hikes were short-lived yesterday as the downward pressure on the lira, rupee and rand failed to abate. These concerns with heightened overnight after the Federal Reserve cut its monthly asset purchases by a further $10bn to $65bn despite some suggestions that the recent developing-nation turmoil could have prompted it to hold off. Michael Hewson, Chief Market Analyst at CMC Markets, said that companies across Europe with particular exposure to emerging markets were hit today as they "as investors wake up to the possibility that the recent rate hikes in these various markets are quite likely to prompt a slowdown in these parts of the world". The FTSE 100 closed 5.83 points lower at 6,538.45; it has not closed below this level since December 18th 2013. Chinese manufacturing, US GDP A barrage of economic data from across the globe gave traders another reason to tread cautiously today. Things got off to a poor start this morning after revised figures from China confirmed that activity in its manufacturing contracted in January. Markets largely shrugged off mixed data closer to home which showed a fall in German unemployment to a one-year low and a less-than-expected increase in UK mortgage approvals. However, stocks picked up off their lows before the close this afternoon following a strong start on Wall Street as the Commerce Department revealed that US gross domestic product growth was 3.2% in the fourth quarter of 2013. While this represented a slowdown from the 4.1% expansion in the third quarter, the two periods combined showed the best back-to-back increase in growth in nearly two years. Diageo drops on emerging-market weakness Heading the other way was spirits manufacturer Diageo, which took a hit from weakness in emerging markets as it revealed that global sales growth was limited to just 1.8% in the first half, below analysts' forecasts. Precious metal miners Fresnillo and Randgold Resources were also falling heavily as gold and silver prices retreated. Leading the upside was satellite broadcaster BSkyB after an 8% rise in revenue in the first half, helped by strong growth in paid-for subscription products. The company also increased the interim dividend by 9%. Airline groups IAG and easyJet were both strong risers this afternoon. easyJet was in part helped higher by reports its ski traffic had jumped 20% in the past five years. Investors at oil major Royal Dutch Shell showed their approval of the company's decision to undergo a major restructuring to boost capital and cut costs after it reported a sharp fall in fourth-quarter earnings. Shares in Serco plunged after the group issued a profit warning in which it predicted that 2014 profits would fall as much as 20% short of the £277m that the market had expected. The support services group said it now expected 2013 revenue to fall by a mid-single digit percentage. Engineering firm Renishaw gained after it said it is expecting an improvement in trading activities and revenue in the second half following a weak start to the year. Q4 Banks reporting, LLoyds , RBS , Barc - Buy or Sell? Download your complementary report now, Click Here.  Losses can exceed deposits FTSE 100 - Risers British Sky Broadcasting Group (BSY) 878.00p +3.97% International Consolidated Airlines Group SA (CDI) (IAG) 418.70p +3.84% Ashtead Group (AHT) 795.00p +2.38% Petrofac Ltd. (PFC) 1,184.00p +2.33% easyJet (EZJ) 1,637.00p +2.12% Hargreaves Lansdown (HL.) 1,514.00p +2.09% ITV (ITV) 201.80p +2.07% Royal Mail (RMG) 602.00p +2.03% Royal Bank of Scotland Group (RBS) 347.40p +1.82% Lloyds Banking Group (LLOY) 83.55p +1.79% FTSE 100 - Fallers Diageo (DGE) 1,820.00p -4.71% G4S (GFS) 237.70p -3.73% Aggreko (AGK) 1,560.00p -3.17% Burberry Group (BRBY) 1,411.00p -2.82% BG Group (BG.) 1,008.50p -2.56% Randgold Resources Ltd. (RRS) 4,142.00p -2.20% Standard Chartered (STAN) 1,260.50p -2.10% Fresnillo (FRES) 767.00p -1.86% Experian (EXPN) 1,039.00p -1.80% SABMiller (SAB) 2,753.00p -1.73% FTSE 250 - Risers Rank Group (RNK) 136.00p +6.25% Homeserve (HSV) 327.00p +5.08% Ocado Group (OCDO) 534.00p +4.60% Cranswick (CWK) 1,299.00p +4.51% Renishaw (RSW) 1,875.00p +4.22% RPC Group (RPC) 598.00p +3.64% Betfair Group (BET) 1,053.00p +3.64% Carphone Warehouse Group (CPW) 297.30p +3.52% Dunelm Group (DNLM) 935.50p +2.80% Jupiter Fund Management (JUP) 374.50p +2.74% FTSE 250 - Fallers Serco Group (SRP) 423.20p -16.94% Lonmin (LMI) 311.00p -5.30% Kazakhmys (KAZ) 171.50p -4.19% Perform Group (PER) 235.00p -3.96% Polymetal International (POLY) 579.50p -3.50% Evraz (EVR) 86.00p -3.21% Riverstone Energy Limited (RSE) 874.00p -2.89% TalkTalk Telecom Group (TALK) 312.50p -2.56% Rotork (ROR) 2,505.00p -2.45% African Barrick Gold (ABG) 216.60p -2.43% iPad mini worth £269 for new trading accounts! A minimum volume is required. Terms and conditions apply. Find out more, click here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks little changed on mixed economic releases - German unemployment falls - Eurozone economic confidence rises - Chinese manufacturing contracts - US GDP expands FTSE 100: -0.12% DAX: 0.22% CAC 40: 0.42% FTSE MIB: 0.38% IBEX 35: 0.50% Stoxx 600: 0.23% European stocks were little changed as traders assessed a slate of mixed economic data. Germany's unemployment fell 28,000 in January, more than the 5,000 drop expected by analysts and December's 19,000 decline. The unemployment rate of Europe's biggest economy dipped to 6.8% this month from 6.9% in December. Separately, German inflation rose less than expected at a 1.3% annualised pace in January, down from 1.4% the prior month. Economists had pencilled in consumer price index (CPI) growth of 1.5%. Another report revealed Eurozone economic confidence increased in January. The sentiment barometer edged up to 100.9 from 100.4 in December, missing economists' estimates of 101. The index for consumer confidence in the bloc came in at -11.7 in January, in line with the prior month and forecasts. Capital Economics said the Eurozone confidence figures point to "a solid but unspectacular start to the year" and suggest that economic recovery is "slowly building momentum". In China, manufacturing contracted in January, according to HSBC Holdings Plc and Markit Economics, fuelling concerns of a slowdown in the world's second largest economy. The purchasing managers' index (PMI) fell to 49.5 this month from 50.5 in December, below the 49.6 consensus forecast and under the 50 level that signals expansion. US GDP, jobs and home sales The Commerce Department said today US gross domestic product (GDP) expanded in line with forecasts at a 3.2% annualised rate in the fourth quarter, compared to 4.1% in the third quarter. The Labor Department revealed 19,000 more jobless claims to 348,000 in the week ended January 25th. It came in higher than the consensus forecast of 330,000 claims and the previous week's 329,000. Pending home sales fell by a worse-than-expected 8.7% in December as housing-market activity was dampened by the poor weather last month. Analysts were expecting a fall of just 0.3% month-on-month, in line with the 0.3% decline in November. The reports come a day after the Fed said the economy had improved since its meeting in December when it began unwinding monthly asset purchases by $10bn to $75bn. As a result of a pick-up in recovery, the central bank decided to scale back a further $10bn when it wrapped up yesterday's policy meeting. It came as no surprise to analysts who had been anticipating the move. Givaudan, Diageo Givaudan SA was up after the maker of flavours and fragrances unveiled full-year net income that surpassed market expectations. Diageo edged lower after the distiller posted an increase in first half profit that fell short of forecasts. H&M slipped after the European fashion retailer reported fourth-quarter net income that came in under projections. Serco Group tumbled after the outsourcing group issued a 2014 profit warning. TeliaSonera declined as Sweden's largest phone operator posted a drop in fourth-quarter net income that trailed forecasts. Royal Dutch Shell gained after the oil-company said it would sell off assets and cut costs to boost capital as it reported a sharp fall in fourth quarter earnings. Ericsson rallied after the maker of wireless networks reported fourth-quarter net income of 6.41bn kronor following a loss a year earlier. The euro fell 0.79% to $1.3555. Brent crude futures rose $0.434 to $108.320 per barrel, ICE data revealed. 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 extend gains after GDP, Facebook and Visa rise - US GDP rises 3.2 per cent in Q4, as expected - Jobless claims, pending home sales miss forecasts - Facebook, Visa impress with earnings Dow Jones: 0.37% Nasdaq: 1.20% S&P 500: 0.72% A decent expansion in US economic growth gave stocks on Wall Street a boost on Thursday as markets recovered after some heavy selling the day before following the Federal Reserve's decision to taper stimulus further. The Nasdaq was outperforming the other benchmarks early on after upbeat earnings from Facebook and Visa, along with decent gains from Google. The Commerce Department said today US gross domestic product (GDP) expanded in line with forecasts at a 3.2% annualised rate in the fourth quarter, compared to 4.1% in the third quarter. According to Paul Ashworth, Chief US Economist at Capital Economics, when considering that the three-week government shutdown occurred at the start of the fourth quarter, the 3.2% GDP expansion is "pretty impressive". "The broader picture is that, as the massive fiscal drag diminishes, US economic growth is accelerating." Not all economic data today met forecasts though, as the Labour Department released a market report which revealed 19,000 more jobless claims in the week ended January 25th. Weekly initial jobless claims reached 348,000, higher than the consensus forecast of 330,000 and the previous week's 329,000. Meanwhile, pending home sales fell by a worse-than-expected 8.7% in December as housing-market activity was dampened by the poor weather last month. Analysts were expecting a fall of just 0.3% month-on-month, in line with the 0.3% decline in November. US stocks slumped on Wednesday with the S&P 500 falling to its lowest level in over two months after the Fed decided to scale its monthly asset purchases by a further $10bn to $65bn after finding that economic growth had "picked up in recent quarters". Facebook, Visa Facebook rallied after the social network reported a 63% rise in fourth-quarter revenue to $2.59bn, surpassing analysts' estimates of $2.35bn. Visa gained as the debt and credit card network reported profit for the first quarter that beat forecasts. Google was higher after Lenovo Group agreed to buy the Motorola Mobility mobile-phone business from the search engine for $2.91bn. Potash Corp. declined after it forecast 2014 profit that fell short of market expectations. West Texas Intermediate futures for March delivery were up $1.137 at $98.48 per barrel. The yield on a 10-year US Treasury was three basis points higher at 2.71%. The Share Centre: Cheaper fund investing has arrived at The Share Centre. We don't believe it's fair to charge you extra just for holding funds. So we don't. Find out more. Capital at risk. Click Here Broker Tips Broker tips: Diageo, Sainsbury, Wood Group Canaccord Genuity has cut its target for drinks group Diageo from 1,900p to 1,835p and kept a 'hold' rating, recommending investors to take a cautious view on near-term forecasts after a disappointing first-half report. "While those with a long term horizon may be sanguine about the organic slowdown, we think others should be cautious about F14 and F15 earnings as delivery now appears more dependent on continued and accelerating margin performance." HSBC has reduced its target for supermarket group Sainsbury after the exit of Chief Executive Officer (CEO) Justin King, who is stepping down after 10 years as boss. The bank kept its 'neutral' rating for the stock and has reduced its target from 380p to 360p to "reflect the increased risk from a management change at this delicate time, and reflecting our increased concerns on the supermarket industry in general". Goldman Sachs has reiterated its 'conviction buy' rating for oil and power services firm Wood Group, saying that the company's strong positioning in the market is not reflected in the stock's valuation. "We view Wood Group as a structural leader (first quartile on our industry positioning framework versus the sector) well placed in a flatter demand environment to deliver superior revenue growth through acquisitions, the pass-through of wage inflation and strong growth in the US shale plays," Goldman said.   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