Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Wednesday, 30 July 2014 09:58:29 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan 3 AIM stocks with potential for huge gains Discover 3 of the UK's most promising AIM stocks Click here for your FREE report. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks slip as investors digest earnings, Barclays rises - Barclays rises as investors digest wave of corporate earnings - Russian sanctions, Gaza and Argentina in focus - US economic data, Fed decision due out later on techMARK 2,785.48 +0.12% FTSE 100 6,797.66 -0.15% FTSE 250 15,671.08 -0.10% UK markets opened slightly lower on Wednesday as investors digested a wave of corporate earnings and cautiously awaited economic data and a policy decision Stateside later on. Meanwhile, traders were still watching developments in the Ukraine crisis after US and EU leaders announced a fresh round of sanctions on Russia yesterday. Relentless fighting in Gaza and a potential debt default in Argentina were also likely to be weighing on risk appetite. The FTSE 100 was trading down 0.2% at 6,798 in early trading as strong gains from Barclays, Travis Perkins and AstraZeneca were offset by falls from Antofagasta, ITV and Tullow Oil. After a relatively quiet start to the week macro-wise, things will pick up today with a flurry of economic indicators due out during the morning session, including Eurozone confidence data and Germany inflation. However, the focus is likely to be on the US later on with the closely-watched ADP employment report and second-quarter gross domestic product (GDP) estimates due out before the opening bell on Wall Street, and the Federal Reserve's policy decision scheduled for this evening. Angus Campbell, Senior Analyst at FxPro, said that the GDP figures are "like to move the market most - this is because tonight's [[Fed meeting] does not include a press conference and so there's unlikely to be any changes to what we saw or heard last month". Barclays leads banks higher Barclays was a high riser this morning as it reported a less-than-expected 12% fall in total income adjusted for insurance claims for the first half to £13.32bn, driven by reductions at its investment and African banking units. The consensus estimate had been for a drop to £13.23bn. Domestic banking peers RBS and Lloyds were also on the rise. Housebuilder Travis Perkins also impressed as it reported double-digit growth across the board in the first half, with like-for-like revenues up 10.2% and profits up 16%. The company said it expects "continued solid growth" for the rest of the year. Astrazeneca was in demand after it struck a deal with drug developer Almirall for the rights to the Spanish group's respiratory franchise. The initial consideration is $875m, Chile-focused mining group Antofagasta underwhelmed as it maintained its production guidance for 2014 after a sequential increase in output in the second quarter, while net cash costs were broadly flat. Shares of broadcaster ITV were in negative territory with the stock retreating after its recent strong run. Nevertheless, the company managed to beat expectations with its first-half results this morning with pre-tax profits up 16%. Also lower was Tullow Oil as it dropped into the red in the first half of 2014, after exploration write-offs more than doubled. Tullow reported a loss before tax of $29m in the first six months of the year, compared with a profit of $486m in the first half of 2013. FTSE 100 - Risers Barclays (BARC) 226.35p +3.31% Travis Perkins (TPK) 1,679.00p +2.07% Severn Trent (SVT) 1,955.00p +0.93% AstraZeneca (AZN) 4,353.00p +0.71% Royal Bank of Scotland Group (RBS) 356.20p +0.62% Capita (CPI) 1,222.00p +0.58% Carnival (CCL) 2,139.00p +0.56% BT Group (BT.A) 389.00p +0.52% Reckitt Benckiser Group (RB.) 5,245.00p +0.48% Vodafone Group (VOD) 203.70p +0.39% FTSE 100 - Fallers Antofagasta (ANTO) 838.00p -1.99% Sainsbury (J) (SBRY) 318.40p -1.52% GKN (GKN) 360.60p -1.48% CRH (CRH) 1,442.00p -1.44% Compass Group (CPG) 994.00p -1.39% WPP (WPP) 1,196.00p -0.99% Rio Tinto (RIO) 3,441.00p -0.98% TUI Travel (TT.) 364.50p -0.84% Morrison (Wm) Supermarkets (MRW) 173.10p -0.80% Sports Direct International (SPD) 687.50p -0.79% FTSE 250 - Risers Pets at Home Group (PETS) 182.30p +7.24% Riverstone Energy Limited (RSE) 925.00p +2.21% IP Group (IPO) 195.90p +2.14% Dignity (DTY) 1,408.00p +1.88% Perform Group (PER) 211.00p +1.78% National Express Group (NEX) 261.00p +1.68% Diploma (DPLM) 635.50p +1.68% Fisher (James) & Sons (FSJ) 1,337.00p +1.60% Taylor Wimpey (TW.) 116.40p +1.57% BTG (BTG) 616.00p +1.48% FTSE 250 - Fallers Vedanta Resources (VED) 1,057.00p -3.03% Jupiter Fund Management (JUP) 406.70p -2.02% Investec (INVP) 525.50p -1.78% Pace (PIC) 355.90p -1.66% Betfair Group (BET) 1,026.00p -1.63% Beazley (BEZ) 254.30p -1.59% Rotork (ROR) 2,767.00p -1.53% Spectris (SXS) 1,931.00p -1.48% International Personal Finance (IPF) 577.50p -1.45% Invest in the fast growing Mobile App market! 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UK Event Calendar Wednesday July 30 INTERIMS 4Imprint Group, Aer Lingus Group, British American Tobacco, Dignity, First Quantum Minerals Ltd., Greggs, Foxtons, Hrvatske Telekom D.D GDR (Reg S), International Personal Finance, ITV, Jupiter Fund Management , Moneysupermarket.com Group, New Europe Property Investments, Rightmove, Riverstone Energy Limited , SEGRO, Smurfit Kappa Group, Tarsus Group, Taylor Wimpey, Travis Perkins, Tullow Oil INTERIM DIVIDEND PAYMENT DATE CQS Diversified Fund Ltd Ord NPV £ INTERIM EX-DIVIDEND DATE Blackrock Throgmorton Trust, Fenner, Frenkel Topping Group, Jiasen International Holdings Ltd, McColl's Retail Group , Microgen, Nichols, Porvair QUARTERLY EX-DIVIDEND DATE City of London Inv Trust INTERNATIONAL ECONOMIC ANNOUNCEMENTS Business Climate Indicator (EU) (10:00) Crude Oil Inventories (US) (15:30) Economic Sentiment Indicator (EU) (10:00) FOMC Interest Rate (US) (19:00) GDP (Advance) (US) (13:30) MBA Mortgage Applications (US) (12:00) Q2 First Quantum Minerals Ltd. GMS Mirada, Scotgold Resources (DI), Societatea Nationala De Gaze Naturale Romgaz S.A. GDR (Reg S) FINALS Better Capital Pcc Ltd (2009) IMSS 3i Group, Atkins (WS), Compass Group, Diploma DRILLING REPORT Antofagasta, Polymetal International, Vedanta Resources EGMS Forte Energy NL, Global Ports Investments GDR (REG S), Societatea Nationala De Gaze Naturale Romgaz S.A. GDR (Reg S) AGMS Atkins (WS), Aurasian Minerals , CML Microsystems, Cropper (James), Fastjet, Kibo Mining, Montanaro UK Smaller Companies Inv Trust, Northern 2 VCT, RENN Universal Growth Investment Trust, Sepura, Sepura, SerVision, Stallion Resources , Westside Investments FINAL DIVIDEND PAYMENT DATE Helical Bar, Norcros, Record, Rensburg AIM VCT FINAL EX-DIVIDEND DATE Infinis Energy, Investec, Latham (James), Redcentric Earn 24% ROI per annum... Our low entry lucrative Oil Investment opportunity in USA could earn you 24% ROI per annum! Request your free Oil investment brochure here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks little changed ahead of Fed announcement - Fed policy decision in focus - US GDP, jobs data due - Eurozone confidence reports to be released - EU imposes more sanctions on Russia FTSE 100: -0.11% DAX: -0.06% CAC 40: -0.42% FTSE MIB: -0.25% IBEX 35: 0.18% Stoxx 600: -0.19% European stocks were little changed as investors awaited the Federal Reserve's policy decision. The central bank is expected to shave $10bn off monthly bond purchases to $25bn and keep interest rates unchanged when it wraps up its two-day meeting after Europe markets close. A report from ADP is expected to show US employers added 230,000 jobs in July following 281,000 jobs in June. It comes ahead of the official government monthly job figures on Friday. The Fed is monitoring the labour market closely to gauge the health of the world's biggest economy to help decide when to increase interest rates. Elsewhere in the US will be the release of gross domestic product figures for the second quarter. In the euro-area this morning, reports on Eurozone economic and consumer confidence is due along with German inflation data. Investors will also be keeping an eye on developments in Ukraine after the European Union imposed further sanctions on Russia for its role in the insurgency in the country. Airbus soars Airbus rallied as the French company said first-half earnings increased on the back of its commercial plane unit delivering more aircraft. Schneider Electric retreated after posting first-half adjusted earnings before interest, taxes and amortisation that missed analysts' estimates. HeidelbergCement slumped as the world's third-largest maker of cement said second-quarter operating income before depreciation declined. Banco Bilbao Vizcaya Argentaria gained after posting second-quarter net income that exceeded market forecasts. The euro fell 0.03% to $1.3405. Brent crude futures rose 0.065% to $107.79 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: Stocks slip as Russia sanctions weigh - US stocks fall, three main indices down - New EU and US sanctions on Russia - US house prices growth less than expected - Twitter earnings spark 35%-plus rise in after-market trade Dow Jones Industrials: -0.42% Nasdaq Composite: -0.04% S&P 500: -0.45% Equity markets were slightly jittery on Tuesday as the White House and Europe ratcheted up economic sanctions on Russia, with Wednesday's looming Federal Reserve policy decision also imposing itself on traders' minds. Mid-session the European Union (EU) agreed to impose new sanctions on Russia for its involvement in the fighting in Ukraine, with measures to prevent Russian banks from accessing European capital markets or taking loans from their European peers, as well as restrictions on access to sensitive technology and equipment for the oil industry. Washington later added to its own current measures, releasing a list of Russian banks that were to be prevented from transactions with Americans, including the Bank of Moscow, the Russian Agricultural Bank and VTB Bank. "Today, Russia is once again isolating itself from the international community," President Barack Obama said, calling on his counterpart Vladimir Putin to accept a diplomatic solution rather than increasingly tougher sanctions. Barclays analysts argued the intensification of sanctions by the EU and the US appears to have been widely anticipated by markets, but the US indices argued otherwise. House prices rise Earlier, fresh US house price data showed the an annual rate of growth had slowed to 9.3% in May from 10.8% in April, according to the Case-Shiller 20-city composite index. Analysts had expected a 9.9% increase. The US Conference Board's consumer confidence index for the month of July jumped to a reading of 90.9 from 86.4 in the month before (consensus: 85.4). Fed head Janet Yellen and colleagues are monitoring market data closely to gauge the health of the US economy ahead of its policy announcement. The central bank is expected to shave a further $10bn off monthly bond purchases and keep interest rates unchanged. Pharmaceuticals boost Two sectors recently singled out by Yellen as overvalued, biotech and social media, topped and tailed the day's trading with strong market performances. Twitter earnings smashed expectations, sending the shares fluttering 35% higher in after-market trading. The micro-blogging site lifted revenue 124% over the year before to $312m in the second quarter, with earnings of 2 cents per share exceeding the small loss that had been forecast. Although a bit beyond merely biotech, big pharma pair Merck and Pfizer produced bumper results that gave the market an early shot in the arm. Merck's profits more than doubled in its second quarter, rising from $906m to $2bn. On an adjusted per-share basis, earnings totalled 85 cents, above the 81 cents expected. Sales fell 1% to $10.93bn but still beat forecasts. Fellow drug-maker Pfizer also rose initially after surpassing analysts' predictions with its second-quarter results. However, gains were only limited as the company lowered its revenue guidance for the full year on the back of pressure from competition by generics. The 10-year government yield fell three basis points to 2.46%, following a solid result to the afternoon's Treasury auction of $35bn in 5-year debt. West Texas Intermediate dropped 0.7% to $100.97 per barrel. S&P 500 - Risers Frontier Communications Co. (FTR) $6.79 +14.31% Windstream Holdings Inc (WIN) $11.83 +12.35% Masco Corp. (MAS) $21.71 +7.10% CenturyLink Inc. (CTL) $39.90 +5.81% Darden Restaurants Inc. (DRI) $46.88 +4.36% Waste Management Inc. (WM) $45.59 +3.87% Whole Foods Market Inc. (WFM) $37.68 +3.15% Wynn Resorts Ltd. (WYNN) $217.41 +3.05% Peabody Energy Corp. (BTU) $15.56 +2.71% AT&T Inc. (T) $36.59 +2.64% S&P 500 - Fallers Corning Inc. (GLW) $20.00 -9.30% Eaton Corporation plc (ETN) $70.51 -8.13% Eastman Chemical Co. (EMN) $81.52 -8.06% Harris Corp. (HRS) $68.15 -5.83% GameStop Corp. (GME) $43.43 -5.75% United Parcel Service Inc. (UPS) $98.86 -3.70% Aetna Inc. (AET) $81.88 -3.47% Tyson Foods Inc. (TSN) $39.17 -3.43% Parker-Hannifin Corp. (PH) $117.74 -3.25% Jacobs Engineering Group Inc. (JEC) $52.37 -2.91% Dow Jones I.A - Risers AT&T Inc. (T) $36.59 +2.64% E.I. du Pont de Nemours and Co. (DD) $66.20 +1.35% Merck & Co. Inc. (MRK) $58.58 +1.05% Verizon Communications Inc. (VZ) $51.97 +0.76% Caterpillar Inc. (CAT) $104.69 +0.52% McDonald's Corp. (MCD) $95.82 +0.04% Dow Jones I.A - Fallers Unitedhealth Group Inc. (UNH) $84.27 -1.73% United Technologies Corp. (UTX) $107.33 -1.52% Pfizer Inc. (PFE) $29.73 -1.23% Walt Disney Co. (DIS) $86.20 -1.09% 3M Co. (MMM) $144.02 -1.04% JP Morgan Chase & Co. (JPM) $58.64 -0.93% Travelers Company Inc. (TRV) $91.12 -0.83% Coca-Cola Co. (KO) $40.35 -0.81% Cisco Systems Inc. (CSCO) $25.71 -0.81% Exxon Mobil Corp. (XOM) $103.55 -0.79% Nasdaq 100 - Risers Whole Foods Market Inc. (WFM) $37.68 +3.15% Wynn Resorts Ltd. (WYNN) $217.41 +3.05% Express Scripts Holding Co (ESRX) $67.28 +2.09% Gilead Sciences Inc. (GILD) $92.99 +1.67% Linear Technology Corp. (LLTC) $45.01 +1.65% Biogen Idec Inc. (BIIB) $341.73 +1.59% Costco Wholesale Corp. (COST) $118.90 +1.52% Staples Inc. (SPLS) $11.08 +1.28% Bed Bath & Beyond Inc. (BBBY) $63.03 +1.19% Catamaran Corp (CTRX) $45.14 +1.05% Nasdaq 100 - Fallers Expeditors International Of Washington Inc. (EXPD) $43.67 -2.65% Baidu Inc. (BIDU) $220.00 -2.57% PACCAR Inc. (PCAR) $63.50 -2.02% CH Robinson Worldwide Inc (CHRW) $64.41 -1.83% Activision Blizzard Inc. (ATVI) $22.96 -1.75% Vimpelcom Ltd Ads (VIP) $8.26 -1.67% Facebook Inc. (FB) $73.71 -1.62% Maxim Integrated Products Inc. (MXIM) $29.77 -1.59% Liberty Interactive Corp (LINTA) $28.53 -1.35% Film Investment opportunity from the Executive Producer of The King's Speech An EIS opportunity from Mark Foligno, executive producer of ‘The King's Speech’ which grossed over £250m worldwide. The opportunity allows UK investors to offset considerable tax liabilities.  Click Here Newspaper Round Up Wednesday newspaper round-up: Sanctions, Centrica, Microsoft... EU governments have agreed to impose sweeping sanctions on Russia, targeting state-owned banks, imposing an arms embargo and restricting sales of sensitive technology and the export of equipment for the country's oil industry, in response to Moscow's continued backing for separatists in eastern Ukraine. The punitive measures, the most extensive EU sanctions imposed on Russia since the cold war, were agreed by ambassadors from the 28 member states after a seven-hour debate.. - The Guardian Attempts to defuse public anger over energy bosses' pay by appointing a new, cheaper, chief executive at British Gas were widely criticised yesterday. Sam Laidlaw, who was entitled to up to £6.9 million if he hit all performance targets, is quitting sooner than expected after eight years at the top of Centrica, which owns Britain's biggest household energy supplier. Last year he forfeited his bonus and earned less than £2 million. - The Times China confirmed that it had launched an anti-monopoly investigation into Microsoft, plunging the business environment for western companies into a new realm of uncertainty. The investigation into the American software giant, which involved a series of raids on its largest offices in China on Monday, is thought to be part of a Beijing-led drive to reduce the swagger of foreign companies and to improve the competitiveness of their Chinese rivals as broader economic growth fades. - The Times Labour has resurrected plans for a 15 per cent "death tax" to pay for people's care in old age. Andy Burnham, the shadow health secretary, said he wants Labour to "embrace" a system where social care is funded by imposing a tax on estates when people die. Labour abandoned plans for a 10 per cent levy on estates to pay for social care before the 2010 general election following a wave of criticism. - The Telegraph The Serious Fraud Office is assessing whether there is sufficient evidence to mount a criminal investigation against staff at Lloyds for defrauding taxpayers. The state-backed lender was fined £218million on Monday for manipulating Libor and for a scam which enabled it to gain access to a Government lifeline scheme more cheaply during the financial crisis. - The Daily Mail Bond yields have fallen to the lowest level in modern history in Germany, France and the eurozone's core states, signalling a high risk of deflation and mounting concerns about sanctions against Russia. The yield on German 10-year bonds fell to a record low of 1.11pc in intra-day trading, partly on safe-haven flows. French yields dropped in tandem to 1.5pc. These levels are far below rates hit during the 1930s or even during the deflationary episodes of the 19th Century. - The Telegraph Argentina is on the brink of its second debt default since the turn of the century, as hopes fade that last-minute talks will hammer out a deal with "vulture fund" bondholders. Argentinian officials met a US mediator in New York in the latest chapter of a decade-long debt battle with hedge funds that bought up the country's bonds at rock-bottom prices in the wake of its financial crisis in 2001 and 2002. - 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. 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Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Tuesday, 29 July 2014 10:04:44 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan 3 AIM stocks with potential for huge gains Discover 3 of the UK's most promising AIM stocks Click here for your FREE report. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: GKN leads UK stocks higher, but upside limited - GKN, Next and Mondi impress with updates/results - St James's Place drops despite strong first half - West-Russia tensions rise as sanctions eyed - US data, Gaza in focus techMARK 2,780.14 +0.15% FTSE 100 6,806.28 +0.27% FTSE 250 15,662.90 +0.30% Strong gains from GKN, Next and Mondi helped UK markets higher on Tuesday morning, with stocks tracking gains in the US and Asia overnight. However, despite the positive start, dealer Jonathan Sudaria from Capital Spreads said that markets "aren't expected to make much headway as traders sit on the sidelines ahead of key US economic data but also today's European Union ambassadors meeting". The FTSE 100 was trading 0.3% higher at 6,806 in early trading Consumer confidence, house-price data, economic growth figures and a host of labour-market indicators will be in focus Stateside over the coming days, culminating with the all-important US non-farm payrolls report on Friday. Meanwhile, Thursday will see the latest policy decision from the Federal Reserve. Meanwhile, investors will also be keeping an eye on geopolitical tensions today with EU leaders set to approve fresh sanctions on Russia with measures likely to be imposed on banks and energy companies. "Like the prior tit for tat exchange of token sanctions between the West and Russia, traders are concerned about how Russia will react and what they deem will be appropriate retaliatory action," Sudaria said. Ongoing fighting between Israel and Hamas is also expected to cap gains today as investors continue to watch developments closely after blasts in Gaza City and Eshkol yesterday. Over 1,000 Palestinians have now been killed as a result of the violence. GKN, Next and Mondi provide a lift GKN rose strongly this morning after saying that a good performance by its car driveshaft business fuelled 6% higher profits at the automotive and aerospace engineer in the first half to £296m. However, a strong pound knocked saw sales fall 1%. Analysts celebrated a confident outlook from high street giant Next which lifted its sales and profit guidance for the full year after a strong first half. Packaging and paper group Mondi also said its bottom line is expected to beat forecasts this year, lifting the stock higher early on. Meanwhile, precious metal producers Randgold and Fresnillo were also on the rise this morning as gold and silver prices gained. Leading the fallers on the FTSE 100 was wealth manager St James's Place despite a seemingly strong first half as it hiked its interim dividend by 40% and posted record funds under management. Emerging-markets bank Standard Chartered was in demand this morning after JPMorgan Cazenove upgraded the stock from 'neutral' to 'overweight'. Oil major BP was volatile early on, but managed to register small gains. The company announced second-quarter profits 34% higher than the same period last year but said that further sanctions imposed on Russia "could have a material adverse impact" on its business and corporate relationships. FTSE 100 - Risers GKN (GKN) 362.20p +5.57% Next (NXT) 6,685.00p +2.53% Hammerson (HMSO) 610.00p +2.43% Randgold Resources Ltd. (RRS) 5,285.00p +2.22% Kingfisher (KGF) 301.40p +1.89% Mondi (MNDI) 1,080.00p +1.89% Standard Chartered (STAN) 1,244.50p +1.80% Fresnillo (FRES) 954.00p +1.49% Travis Perkins (TPK) 1,641.00p +1.30% Aggreko (AGK) 1,777.00p +1.14% FTSE 100 - Fallers St James's Place (STJ) 766.50p -2.97% Aberdeen Asset Management (ADN) 429.00p -1.38% Admiral Group (ADM) 1,468.00p -0.88% ITV (ITV) 204.40p -0.68% easyJet (EZJ) 1,336.00p -0.60% Royal Mail (RMG) 427.60p -0.56% Petrofac Ltd. (PFC) 1,121.00p -0.44% BG Group (BG.) 1,207.50p -0.37% Shire Plc (SHP) 4,924.00p -0.36% SABMiller (SAB) 3,318.50p -0.35% FTSE 250 - Risers JD Sports Fashion (JD.) 394.90p +2.31% Millennium & Copthorne Hotels (MLC) 585.00p +2.09% Thomas Cook Group (TCG) 120.00p +2.04% AL Noor Hospitals Group (ANH) 1,019.00p +1.95% Domino's Pizza Group (DOM) 553.00p +1.94% Elementis (ELM) 262.00p +1.79% Greencore Group (GNC) 278.80p +1.57% NMC Health (NMC) 462.00p +1.54% Rotork (ROR) 2,824.00p +1.47% Savills (SVS) 594.50p +1.45% FTSE 250 - Fallers Petra Diamonds Ltd.(DI) (PDL) 196.10p -9.46% Exova Group (EXO) 227.90p -5.04% PayPoint (PAY) 1,033.00p -1.62% Jardine Lloyd Thompson Group (JLT) 1,040.00p -1.52% Brit (BRIT) 244.30p -1.49% Fidelity China Special Situations (FCSS) 109.70p -1.08% Alent (ALNT) 350.00p -0.99% Informa (INF) 485.90p -0.96% Balfour Beatty (BBY) 250.70p -0.91% A New and Unique approach to Wine Investment... Our algorithm offers a unique relative-value assessment of wine investment, and has led to a demonstrable track record of significantly outperforming the market! Don't believe us? See for yourself, here UK Event Calendar Tuesday July 29 INTERIMS BP, Brammer, Circassia Pharmaceuticals, Domino's Pizza Group, Drax Group, GKN, Hutchison China Meditech Ltd, Informa, Jardine Lloyd Thompson Group, Marsh & Mclennan Cos Inc., Pace, St James's Place, Synectics, Tullett Prebon, Tyman INTERNATIONAL ECONOMIC ANNOUNCEMENTS Balance of Payments (GER) (07:00) Consumer Confidence (US) (15:00) Q2 BP, Marsh & Mclennan Cos Inc. FINALS PZ Cussons IMSS Greencore Group AGMS Acal, Byotrol, Halfords Group, Plastics Capital, Ventus 2 VCT, Ventus 2 VCT 'C' Shares, Ventus VCT, Vodafone Group TRADING ANNOUNCEMENTS Gem Diamonds Ltd. (DI), Next UK ECONOMIC ANNOUNCEMENTS Consumer Credit (09:30) M4 Money Supply (09:30) M4 Sterling Lending (09:30) Mortgage Approvals (09:30) FINAL DIVIDEND PAYMENT DATE Aurora Investment Trust, Coca-Cola HBC AG (CDI), Electrocomponents, Vertu Motors Still in the dark over active tax planning? Our planning experts can help you reduce your tax liability! Register here to quality for a FREE financial audit and hear about government approved allowances and existing opportunities available. Its politically correct tax planning for non-celebrities! Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks rise on back of gains in Asia - Japanese data mixed - UK mortgage approvals data to be released - US consumer confidence report due - FOMC policy decision looms FTSE 100: 0.29% DAX: 0.01% CAC 40: 0.03% FTSE MIB: 0.07% IBEX 35: 0.03% Stoxx 600: 0.09% European stocks rebounded from a two-day drop on the back of gains in Asia overnight. Japan's Nikkei jumped to a four-month high while China's Shanghai composite reached a seven-month high and Hong Kong's Hang Seng hit a near four-year high. Data in Japan last night was mixed with better-than-forecast household spending and small business confidence figures but an unexpected rise in the jobless rate. Today's agenda includes the release of UK mortgage approvals and US consumer confidence reports. Alpari UK analyst Craig Erlam said there was a "real lack of drivers to come today" with the economic calendar looking very bare. The pace is set to pick up tomorrow when the Federal Reserve announces its latest policy decision. The central bank is expected to slash a further $10bn off monthly bond purchases and to keep its interest rate unchanged. With a lack of data being released today, the focus is on the earnings session. BP provided a boost to the market after the oil producer reported a 34% jump in first half profit to $3.64bn that beat analysts' estimates. Ferrovial rallied after the Spanish construction company posted a drop in first half net income that exceeded forecasts. The firm also said it will spend up to €350m to purchase its own shares. The euro fell 0.02% to $1.3437. Brent crude futures rose 0.213% to $107.86 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: Mixed finish for stocks after housing, PMI data - Mixed finish for indices - Pending home sales weaker than expected - Services PMI beats expectations Dow Jones Industrials: 0.13% Nasdaq Composite: -0.11% S&P 500: 0.03% It was a turbulent session for US stock markets, which ultimately ended in a mixed fashion following the release of soft existing homes data and a raft of corporate news. The Dow Jones rose 22.02 points to end at 16,982.59, the Nasdaq closed down 4.66 at 4,444.91 and the S&P 500 inched 0.57 points higher at 1,978.91. In their first drop seen in four months, pending home sales fell 1.1% from a month earlier after rising 6% in May, according to the National Association of Realtors. Analysts had forecast a rise of 0.5%. Jasper Lawler, a Market Analyst at CMC Markets UK, said: "New Homes sales were a disappointment last week in what some saw as a resurgent US housing market; today's pending home sales suggest a more broad-based problem in the housing market recovery before it even go going again." For its part, Barclays Research believes the report "suggests the rebound in existing home sales following previous weather-related softness is complete, implying less momentum to sales in the third quarter". In more positive news for investors, Markit's purchasing managers' index for services in the US remained at 61 in July, beating analysts' estimates for a drop to 59.8. A reading above 50 indicates expansion in the industry. Meanwhile, the Dallas Fed's Manufacturing Activity gauge rose to 12.7 in July from 11.4 in June, falling short of expectations for an increase to 12.8. The data comes ahead of the Federal Reserve's latest policy announcement and the US monthly jobs report. "Quite often, the week of the jobs report can see traders sitting on the fence a little, unsure over what the events will mean for the US recovery and how it will be received by the markets," said Alpari UK analyst Craig Erlam. "We are fast approaching the point when I expect strong data to be greeted negatively on fears of an earlier rate hike from the Fed." M&A activity fails to provide boost An announcement from Dollar Tree of its intention to buy fellow retail chain Family Dollar Stores for $74.50 per share sent the latter almost 25% higher but did little to excite the wider market. Zillow recovered from an earlier fall to end higher following its announcement that it would buy rival real-estate website Trulia for $3.5bn in stock, sending shares in the latter higher. Meanwhile, the homes sales data pushed housing stocks lower. Herbalife fell ahead of the release of its latest earnings. Micron Tech was pushed lower following a round of profit taking which came after a 30% leap in the value of the shares in the last three months, helped by its most recent set of quarterly figure, which came in ahead of expectations. In other markets, crude oil futures ended 0.04% lower at $101.63 per barrel on the New York Marcantile Exchange. S&P 500 - Risers Family Dollar Stores Inc. (FDO) $75.74 +24.86% Roper Industries Inc. (ROP) $148.26 +3.85% Wynn Resorts Ltd. (WYNN) $210.97 +3.18% C.R. Bard Inc. (BCR) $153.13 +2.88% Alcoa Inc. (AA) $17.01 +2.72% American Electric Power Co. Inc. (AEP) $54.65 +2.69% Tyson Foods Inc. (TSN) $40.56 +2.58% Crown Castle International (CCI) $74.95 +2.38% First Solar Inc. (FSLR) $65.53 +2.31% Public Service Enterprise Group Inc. (PEG) $37.79 +2.30% S&P 500 - Fallers Micron Technology Inc. (MU) $31.98 -4.31% Cummins Inc. (CMI) $145.35 -3.20% Masco Corp. (MAS) $20.27 -3.01% Monster Beverage Corp (MNST) $65.00 -3.00% VeriSign Inc. (VRSN) $53.97 -2.91% Kansas City Southern (KSU) $111.03 -2.82% Allegion (ALLE) $53.57 -2.78% Electronic Arts Inc. (EA) $35.09 -2.64% Alexion Pharmaceuticals Inc. (ALXN) $162.74 -2.57% Walgreen Co. (WAG) $71.45 -2.51% Dow Jones I.A - Risers Unitedhealth Group Inc. (UNH) $85.75 +1.26% Exxon Mobil Corp. (XOM) $104.37 +1.15% Walt Disney Co. (DIS) $87.15 +1.07% Nike Inc. (NKE) $78.40 +0.87% International Business Machines Corp. (IBM) $195.78 +0.71% E.I. du Pont de Nemours and Co. (DD) $65.32 +0.60% Verizon Communications Inc. (VZ) $51.58 +0.59% Goldman Sachs Group Inc. (GS) $175.95 +0.31% AT&T Inc. (T) $35.65 +0.31% JP Morgan Chase & Co. (JPM) $59.19 +0.31% Dow Jones I.A - Fallers Microsoft Corp. (MSFT) $43.97 -1.19% Coca-Cola Co. (KO) $40.68 -0.78% General Electric Co. (GE) $25.59 -0.78% Caterpillar Inc. (CAT) $104.15 -0.67% Procter & Gamble Co. (PG) $79.26 -0.38% Wal-Mart Stores Inc. (WMT) $75.71 -0.34% Merck & Co. Inc. (MRK) $57.97 -0.31% Pfizer Inc. (PFE) $30.10 -0.30% Visa Inc. (V) $214.22 -0.26% Chevron Corp. (CVX) $133.24 -0.25% Nasdaq 100 - Risers Sba Communications Corp. (SBAC) $106.67 +3.34% Wynn Resorts Ltd. (WYNN) $210.97 +3.18% Maxim Integrated Products Inc. (MXIM) $30.25 +2.96% Citrix Systems Inc. (CTXS) $68.64 +1.89% Gilead Sciences Inc. (GILD) $91.46 +1.80% Activision Blizzard Inc. (ATVI) $23.37 +1.68% Western Digital Corp. (WDC) $100.81 +1.46% Apple Inc. (AAPL) $99.02 +1.38% Dollar Tree Inc (DLTR) $54.87 +1.20% Texas Instruments Inc (TXN) $47.35 +1.13% Nasdaq 100 - Fallers Micron Technology Inc. (MU) $31.98 -4.31% Monster Beverage Corp (MNST) $65.00 -3.00% Illumina Inc. (ILMN) $166.08 -2.89% Alexion Pharmaceuticals Inc. (ALXN) $162.74 -2.57% Mylan Inc. (MYL) $50.53 -2.34% Sirius XM Holdings Inc (SIRI) $3.38 -1.74% Altera Corp. (ALTR) $33.02 -1.37% Expeditors International Of Washington Inc. (EXPD) $44.86 -1.23% Microsoft Corp. (MSFT) $43.97 -1.19% Amazon.Com Inc. (AMZN) $320.41 -1.11% Invest in the fast growing Mobile App market! An tax efficient opportunity from Appbox Media to invest in an industry that grew 115% in 2013, and is expected to reach revenues of $63.5bn by 2017.  Investor Report, Click Here. Newspaper Round Up Tuesday newspaper round-up: Lloyds, Tesco, Tax inversion... Lloyds Banking Group has been accused of unlawful behaviour by the Bank of England after it emerged its traders had manipulated interest rates in order to cut fees for its emergency lifeline at the height of the financial crisis. [[...] The revelations unleashed an angry attack by Mark Carney, the Bank of England's governor, who said: "Such manipulation is highly reprehensible, clearly unlawful and may amount to criminal conduct on the part of the individuals involved." - The Guardian Fresh doubts over Philip Clarke's strategy at Tesco were raised yesterday after the surprise resignation of the founders of the Giraffe restaurant chain acquired by the supermarket last year for almost £50 million. Only a week after Mr Clarke's abrupt ousting as chief executive, the retail giant has parted company with Juliette and Russel Joffe, who said it had been "an incredibly emotional decision to step away from our business". The news led to further questioning of Mr Clarke's strategy of trying to turn some large Tesco Extra stores into retail destinations with high street names including Giraffe family restaurants, Harris + Hoole coffee shops and Euphorium bakeries. - The Times US politicans are to unveil proposals to block American companies from winning government contracts if they move their tax headquarters overseas, unless they can show they have substantial business in their new "host" country. The new legislation comes just days after President Barack Obama attacked US firms seeking to reduce their tax bills by buying European businesses as "corporate deserters" who show a lack of "economic patriotism". - The Telegraph Families setting off on summer holiday breaks have been given some welcome news in the form of supermarket petrol price cuts. Asda, Sainsbury's and Tesco are all reducing the cost of their petrol and diesel by 2p a litre from Tuesday. Asda's customers will pay no more than 126.7p a litre for petrol and 129.7p a litre for diesel, its lowest price since January 2011. Asda said the pound's increasing strength against the dollar had been the key driver of the cuts. - The Guardian Agents have been appointed to sell the "Gherkin" skyscraper in what will be one of the most closely watched property sales in the Square Mile for years. Savills and Deloitte Real Estate are expected to be confirmed this morning as the appointed sales advisers for the building, which collapsed into receivership in April when a group of banks, owed more than £500 million, lost patience with the owners. - The Times Sterling is "overvalued" and this may hamper efforts to rebalance the British economy, the International Monetary Fund has warned the Chancellor. In an otherwise-optimistic annual assessment of the UK economy, the IMF told George Osborne that the pound was 5pc to 10pc overvalued. This could hit exporters and take some of the steam out of the improving economy - the fastest growing among the world's largest countries, according to the fund. - The Telegraph Confidence that the coming months will be a good time to buy a home has slipped back to its lowest levels in at least three years amid growing concerns over spiralling property prices and the prospect of interest rates rising, according to a consumer survey. London and the South East were identified as the places where people were most likely to feel negative about buying a property in the next 12 months, while those living in Scotland and the North East were the most positive, according to Halifax's quarterly Housing Market Confidence tracker. - The Daily Mail   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 Friday, 25 July 2014 17:37:13 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan 3 AIM stocks with potential for huge gains Discover 3 of the UK's most promising AIM stocks Click here for your FREE report. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: FTSE in red on geopolitical tensions, data - FTSE closes 29.91 lower at 6,791.55 - Geopolitical tensions, housing data weighs - UK Q2 GDP shows 0.8% growth techMARK 2,799.28 -0.81% FTSE 100 6,791.55 -0.44% FTSE 250 15,691.81 -0.36% UK stocks ended the final session of the week in the red as geopolitical tensions, housing data and and downgrade from the International Monetary Fund (IMF) all provided a drag to sentiment. The losses had been limited by a sturdy gross domestic product (GDP) figure out this morning and gains amongst the banking sector, but ongoing crises in the Middle East and Ukraine were this afternoon firmly back in focus. Dipping in the final minutes of trade, the FTSE 100 closed 29.91 points lower at 6,791.55. The European Union today reached a preliminary agreement on economic sanctions against Russia over the Ukraine crisis. Diplomats said the details are still being worked out following discussions that lasted all day yesterday and part of today. "Clearly businesses are suffering as a result of the weakening trade ties with Russia, which has had sanctions imposed on it by Europe and the US due to its involvement in the crisis in eastern Ukraine," said Craig Erlam, Market Analyst at Alpari UK. UK house prices slow in July House prices in Britain rose at the slowest pace in more than a year in July following the introduction of tougher mortgage rules, according to a Hometrack survey. Prices climbed 0.1% this month, easing from a 0.3% increase in June, signalling a cool down in the housing market. In other UK macro news, second quarter GDP grew at 0.8% in the second quarter as had been widely expected. The figure means the UK is now back at levels seen prior to the recession. Lewis Sturdy, a Dealer at Capital Spreads, said: "UK GDP figure this morning proved Britain's economy has finally returned to the size it was pre market crash of 2008. With output growing by 0.8% in the second quarter, economists will be feeling pretty happy about the situation. "Their attentions will now turn to the real wages figure, a number that Carney has stated will have to improve before interest rates go up. All is well and good having more of the population in work, but if the majority are part time or zero contract hours with a pay rise nowhere in sight, this does cause some concern. As for next week, keep an eye out for FOMC meeting as well as non-farm payrolls on Friday." Also providing a drag today was the IMF, which lowered its forecasts for global growth from the 3.7% figure given in April to 3.4%, attributing the change to events in Ukraine and Iraq. Over in the US, a report showed US durable goods orders rose 0.7% in June following a 1% drop a month earlier. It beat analysts' estimates for a 0.5% increase. RBS leads risers as BSkyB sinks RBS delivered a better-than-expected first half operating performance, but said no one at the 80% taxpayer-owned bank was "complacent about the challenges ahead". The results, which came a week earlier than scheduled, showed operating profit totalled £2.6bn, or £3.3bn excluding restructuring and litigation and conduct costs, compared with £1.59bn in the same period a year earlier. The gains were driven by more favourable credit conditions and good results from RBS Capital Resolution, and came despite a 6% decline in total income to £9.9bn. Barclays and Lloyds Banking Group were also higher on the news. Anglo American shares were higher on the back of its Chief Executive's confidence in the group's outlook. Pearson shares climbed despite the publishing group posting a fall in first half profit. It did, however, maintain its full-year profit forecasts, which may have come as a relief to some investors after a series of downbeat trading statements in recent times. Vodafone moved higher after the decline in its service revenue was lower than had been expected after the losses in Europe were partly offset by gains in African and India. Sainsbury rose after market sources yesterday suggested Qataris is poised to make another bid for the supermarket chain at 500p or more per share. Meanwhile, BSkyB was firmly in the bottom spot after it failed to impress with its decision to buy the entire stake of Sky Italia and a 57.4% interest in Sky Deutschland from Rupert Murdoch's 21st Century Fox. The group will pay £2.45bn for Sky Italia and £2.9bn for Sky Deutschland. The news overshadowed its annual results, in which it posted a 7% rise in adjusted revenue to £7.6bn. GlaxoSmithKline continued to fall one day after lowering its outlook after second quarter profits declined 12%. UBS reduced its target from 1,500p to 1,380p and downgraded the stock from neutral to sell. 12% income guaranteed ... Earn an average of 12% net per annum with this unique, low-entry housing development opportunity Download the fact sheet here for further information FTSE 100 - Risers Royal Bank of Scotland Group (RBS) 364.20p +10.77% Anglo American (AAL) 1,639.50p +3.44% Pearson (PSON) 1,132.00p +2.82% Vodafone Group (VOD) 202.05p +2.12% Barclays (BARC) 218.05p +1.66% Tullow Oil (TLW) 764.00p +1.19% Lloyds Banking Group (LLOY) 74.81p +1.16% Sainsbury (J) (SBRY) 320.20p +1.01% Randgold Resources Ltd. (RRS) 5,115.00p +0.99% Rolls-Royce Holdings (RR.) 1,053.00p +0.67% FTSE 100 - Fallers British Sky Broadcasting Group (BSY) 874.50p -5.46% GlaxoSmithKline (GSK) 1,423.00p -3.16% Petrofac Ltd. (PFC) 1,127.00p -2.17% Rexam (REX) 513.00p -2.01% GKN (GKN) 344.20p -1.99% Persimmon (PSN) 1,280.00p -1.99% British Land Co (BLND) 717.00p -1.92% Barratt Developments (BDEV) 364.30p -1.83% Admiral Group (ADM) 1,481.00p -1.73% Tesco (TSCO) 270.35p -1.62% FTSE 250 - Risers Balfour Beatty (BBY) 253.10p +9.05% Carillion (CLLN) 362.80p +7.18% Countrywide (CWD) 489.20p +5.18% Lonmin (LMI) 241.00p +4.92% Interserve (IRV) 648.00p +2.86% Renishaw (RSW) 1,899.00p +2.76% Just Retirement Group (JRG) 144.90p +2.40% African Barrick Gold (ABG) 259.80p +2.28% Regus (RGU) 180.10p +1.98% Cineworld Group (CINE) 329.40p +1.89% FTSE 250 - Fallers Spectris (SXS) 1,934.00p -7.69% Howden Joinery Group (HWDN) 347.50p -4.77% Cairn Energy (CNE) 177.30p -3.69% AO World (AO.) 212.10p -3.24% Kazakhmys (KAZ) 343.00p -3.11% Electrocomponents (ECM) 234.80p -2.65% Vesuvius (VSVS) 459.40p -2.59% BTG (BTG) 606.00p -2.57% Catlin Group Ltd. (CGL) 524.00p -2.06% Imagination Technologies Group (IMG) 196.60p -2.04% Earn 24% ROI per annum... Our low entry lucrative Oil Investment opportunity in USA could earn you 24% ROI per annum! Request your free Oil investment brochure here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks fall as German investor confidence dips - IMF cuts global forecast - German investor confidence falls - German consumer confidence rises - UK GDP grows in line with forecasts - US durable goods orders increase FTSE 100: -0.44% DAX: -1.53% CAC 40: -1.82% FTSE MIB: -0.90% IBEX: 0.25% Stoxx 600: -0.69% Most European stocks were in the red after a report showed German investor confidence fell and the International Monetary Fund (IMF) cut its forecast for world growth. A survey from the Ifo Institute showed German investor confidence fell more than expected in July. The business climate index dropped to 108 from 109.7 in June. Analysts had predicted a reading of 109.4. Separately, GfK's forward-looking survey on German sentiment in August increased to its highest level since December 2006. The index climbed to 9.0 from 8.9 the prior month, surprising analysts who had expected an unchanged result. The IMF lowered its global growth predictions, down from the 3.7% figure given in April to 3.4%, attributing the change to the crises in Ukraine and Iraq. The European Union (EU) today reached a preliminary agreement on economic sanctions against Russia over the Ukraine turmoil. Diplomats said the details are still being worked out following discussions that lasted all day yesterday and part of today, Reuters reported. "Clearly businesses are suffering as a result of the weakening trade ties with Russia, which has had sanctions imposed on it by Europe and the US due to its involvement in the crisis in eastern Ukraine," said Craig Erlam, Market Analyst at Alpari UK. The death toll in Gaza has passed 800 following more than two weeks of clashes between Israelis and Palestinians. Meanwhile, UK gross domestic product data for the second quarter grew by 0.8% quarter-on-quarter, the same as the prior three months, as expected by analysts. In the US, a report revealed durable goods orders rose 0.7% in June following a 1% drop a month earlier. It beat analysts' estimates for a 0.5% increase. BSkyB, RBS British Sky Broadcasting Group (BSkyB) slid after it offered to buy Sky Deutschland and Sky Italia from Rupert Murdoch's 21st Century Fox. Sky Deutschland's shares rose. Royal Bank of Scotland Group advanced after saying first-half profit probably almost doubled. Danone edged lower as the yoghurt maker said first half sales and profit fell short of projections. Louis Vuitton declined after the luxury-goods company posted first half profit that missed estimates, saying demand weakened in Asia. Air France-KLM Group gained after reporting second-quarter profit that beat market expectations. The euro fell 0.23% to $1.3433. Brent crude futures climbed 0.714% to $107.84 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 open: Stocks slide amid geopolitical woes US stocks declined as geopolitical tensions in the Middle East and Ukraine continued. The European Union (EU) today reached a preliminary agreement on economic sanctions against Russia over the Ukraine crisis. Diplomats said the details are still being worked out following discussions that lasted all day yesterday and part of today. The news comes amid accusations on Russia's involvement in the downing of a Malaysia Airlines plane last week. "Clearly businesses are suffering as a result of the weakening trade ties with Russia, which has had sanctions imposed on it by Europe and the US due to its involvement in the crisis in eastern Ukraine," said Craig Erlam, Market Analyst at Alpari UK. Meanwhile, the death toll in Gaza has passed 800 following more than two weeks of clashes between Israelis and Palestinians. US Secretary of State John Kerry pressed regional leaders to confirm a Gaza ceasefire today. A report today showed US durable goods orders rose 0.7% in June following a 1% drop a month earlier. It beat analysts' estimates for a 0.5% increase. Visa slides Visa slumped after the payments network cut its forecast for full-year revenue. Radio group Pandora Media was in the red early on after revealing increased losses. Amazon slumped after posting a second quarter loss that missed analysts' estimates. The 10-year yield fell two basis points to 2.48%. West Texas Intermediate crude futures dropped 0.140% to $106.92 per barrel, according to the ICE. PROVEN 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.  Week ahead: Eyes on Barclays during frantic week An extremely busy week lies ahead, with a tumult of the largest companies on the London stock market announcing second-quarter and half-year results. The week begins quietly enough on Monday and Tuesday, with a Reckitt Benckiser expected to post lower profits on Monday due to forex movements, an interesting update expected from Trinity Mirror and good start expected from FTSE 250 insurer Hiscox. A rash of resources reports in the coming week begins with BP's second quarter results Tuesday followed on Wednesday with Drax and Tullow Oil, before Thursday sees BG Group, Centrica and Shell. Financial sectors see updates from Lloyds Banking, Man Group, Moneysupermarket.com and Schroders. There will be particular interest in Barclays, with these being the first results after the May strategy update and recent allegations regarding High frequency Trading activity in Barclays's dark pools. Analysts at Numis forecast first-half statutory profit before tax of £2,859m, which assumes a further £500m of PPI provisions. Adjusted PBT is forecast at £3,359m. Focus will be on three things in particular: investment banking revenues where an 8% decline is forecast in the second quarter; cost management, where 2014 guidance is for around £17bn operating costs; and thirdly Barclays non-core deleveraging, where the broker forecasts non-core losses of £476m for the period. Other results during the week worth watching out for are from AstraZeneca, BAE Systems, BT Group, British American Tobacco, Compass, Direct Line, ITV, Foxtons, PZ Cussons, Pace, Rentokil, Rolls-Royce, along with Taylor Wimpey, Travis Perkins and William Hill. Macro factors In the UK, analysts at Investec say they expect official Bank of England data to show the first increase in mortgage approvals for five months, following a steer from British Bankers' Association figures. "We also tend to the view that Friday's manufacturing PMI survey will remain in buoyant territory, helping to dispel fears that sterling's strength is clobbering the factory sector. Note too that Deputy BoE Governor Ben Broadbent speaks on Tuesday." Stateside there's plenty of macro data in the week as well as 142 S&P 500 companies due to report earnings as the season gets into full season. Wednesday will see the US Federal Reserve's FOMC make a short announcement about a further $10bn round of tapering to the level of monthly asset purchases will fall back to $25bn, with a short statement to accompany it. On Friday July's US jobs numbers are reported, with unemployment having fallen by almost 1.5 percentage points to 6.1% over the past year and short-term joblessness at its lowest level since early 2008. Fed Chair Janet Yellen recently warned that a relatively fast fall in unemployment would bring forward a hike in interest rates. A first estimates of second quarter GDP is also due, with the first quarter's 2.9% annualised drop expected to more than than reverse. Further data prints include the latest ADP employment survey and July's Institute for Supply Management index. Friday also sees official Chinese PMI figures.   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