| | | | | | | | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: UK stocks fall as Kingfisher, Easyjet and Unilever disappoint - Kingfisher, Easyjet, Unilever disappoint with earnings
- Markets still cautious on Ukraine crisis
- Economic data on tap, Chinese indicator improves
techMARK 2,813.29 -0.36%
FTSE 100 6,780.77 -0.26%
FTSE 250 15,695.97 -0.19%
UK stocks declined on Thursday as a negative reaction to results from Kingfisher, Easyjet and Unilever weighed on markets.
After rising to its highest level in over two weeks, the FTSE 100 was down 0.3% at 6,781 in early trading. The index had settled at 6,798.15 on Wednesday, its highest close since July 7th.
Jonathan Sudaria, a dealer from Capital Spreads, said that despite positive data from China overnight "sentiment still remains cautious" with the possibility of tougher economic sanctions on Russia.
The European Commission meets today to discuss new potential measures on Russia. According to a proposal seen by the Financial Times, new sanctions could include the banning of all Europeans from purchasing new debt or stock issued by Russia's largest banks.
Sudaria said: "Expectations are that they will stay true to form and do nothing; but there is always the possibility that international pressure may spur some surprise action with some teeth so traders remain cautious."
After a relatively quiet start to the week in terms of economic data, investors will have plenty to digest today, including manufacturing purchasing managers' indices (PMI) from the Eurozone, UK retail sales, and housing and jobless claims figures from the US later on.
Overnight, the HSBC China manufacturing PMI for July improved from 50.7 to 52, showing that growth had picked up faster than analysts' expectations (forecast: 51).
Kingfisher, Easyjet, Unilever disappoint
After a strong start to the year, DIY retailer Kingfisher's like-for-like sales reversed into the red in the second quarter with trading "slower than anticipated", leading the stock to sink nearly 7% early on.
Budget airline Easyjet underwhelmed after confirming its full-year profit will rise at least 14%, in line with City forecasts. That came after it posted an 8.6% rise in third quarter revenue to £1,240m, driven by higher passenger numbers, an improved load factor and the timing of Easter.
Consumer goods company Unilever also fell as it reported a lower-than-expected increase in second-quarter sales, blaming a deterioration in emerging markets and flat developed markets.
Reed Elsevier was a bright spark after reporting that underlying trends remain strong, enabling the business publishing and information company to drive a 5% improvement in profits in the first half and complete two thirds of the £600m of share buybacks planned for the year. |
| FTSE 100 - Risers
Reed Elsevier (REL) 958.50p +2.08%
Antofagasta (ANTO) 847.00p +1.56%
HSBC Holdings (HSBA) 612.50p +0.86%
London Stock Exchange Group (LSE) 1,931.00p +0.57%
Barclays (BARC) 212.15p +0.57%
Royal Bank of Scotland Group (RBS) 325.40p +0.56%
Johnson Matthey (JMAT) 3,037.00p +0.50%
Legal & General Group (LGEN) 236.60p +0.25%
IMI (IMI) 1,447.00p +0.21%
Smith & Nephew (SN.) 1,061.00p +0.19%
FTSE 100 - Fallers
Kingfisher (KGF) 312.60p -6.96%
easyJet (EZJ) 1,346.00p -4.06%
CRH (CRH) 1,424.00p -2.40%
Randgold Resources Ltd. (RRS) 5,020.00p -1.76%
ARM Holdings (ARM) 865.00p -1.76%
Unilever (ULVR) 2,641.00p -1.57%
Petrofac Ltd. (PFC) 1,180.00p -1.42%
Fresnillo (FRES) 927.50p -1.38%
Sports Direct International (SPD) 699.00p -1.34%
Travis Perkins (TPK) 1,608.00p -1.23%
FTSE 250 - Risers
Howden Joinery Group (HWDN) 325.00p +4.30%
Lancashire Holdings Limited (LRE) 630.00p +4.05%
Inchcape (INCH) 661.00p +3.69%
Kennedy Wilson Europe Real Estate (KWE) 1,089.00p +1.59%
Xaar (XAR) 579.00p +1.49%
Telecom Plus (TEP) 1,370.00p +1.41%
Rathbone Brothers (RAT) 1,988.00p +1.17%
NMC Health (NMC) 463.50p +1.09%
Fidessa Group (FDSA) 2,179.00p +1.07%
Fidelity China Special Situations (FCSS) 106.80p +0.95%
FTSE 250 - Fallers
Electrocomponents (ECM) 244.10p -5.46%
Drax Group (DRX) 685.00p -3.52%
CSR (CSR) 567.50p -2.66%
Renishaw (RSW) 1,759.00p -2.33%
Ladbrokes (LAD) 136.00p -2.23%
Thomas Cook Group (TCG) 120.10p -1.80%
William Hill (WMH) 347.80p -1.78%
Kazakhmys (KAZ) 338.70p -1.77%
Tate & Lyle (TATE) 651.00p -1.74% |
| | 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 |
| | UK Event Calendar | | Thursday July 24
INTERIMS
CSR, Hammerson, Howden Joinery Group, Lancashire Holdings Limited, Nichols, Rathbone Brothers, Reed Elsevier, Sagentia Group, Unilever
INTERIM DIVIDEND PAYMENT DATE
Octopus Titan VCT 1, Octopus Titan VCT 2, Octopus Titan VCT 3, Octopus Titan VCT 4
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
Initial Jobless Claims (US) (13:30)
New Homes Sales (US) (15:00)
Q2
CSR, Lancashire Holdings Limited, Unilever
GMS
Cyprotex, Thorntons
IMSS
Britvic, easyJet, Electrocomponents, Halma, Marston's, Reed Elsevier, Tate & Lyle
AGMS
Amedeo Resources, Astar Minerals, Camper & Nicholsons Marina Investments Ltd., Capital Management & Investment, Cyprotex, De La Rue, Dee Valley Group, Dee Valley Group (Non-Voting), Electrocomponents, Energy Technique, F&C Global Smaller Companies, Fuller Smith & Turner, Halma, NB Distressed Debt Investment Fund Ltd., Personal Assets Trust, Phorm Corporation Ltd (DI), Record, Royal Mail, SABMiller, Securities Trust of Scotland, Tate & Lyle, Tau Capital, TP10 VCT , TP5 VCT, Triple Point Income VCT, Triple Point Income VCT, Triple Point Income VCT C, Triple Point VCT 2011, Vertu Motors
TRADING ANNOUNCEMENTS
Close Brothers Group, Kingfisher, SABMiller
UK ECONOMIC ANNOUNCEMENTS
Internet Retail Sales (09:30)
Retail Sales (09:30)
FINAL DIVIDEND PAYMENT DATE
Big Yellow Group, DCC, Investec Structured Products Calculus VCT, Investec Structured Products Calculus VCT 'C' Shares, Octopus AIM VCT, PayPoint
|
| | 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. |
| | Europe Market Report | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks mixed after China, German factory data - Chinese manufacturing expands
- German factory activity grows
- UK retail sales report to be released
- US jobless claims and new home sales data due
FTSE 100: -0.29%
DAX: -0.49%
CAC 40: -0.38%
FTSE MIB: 0.15%
IBEX 35: 0.26%
Stoxx 600: -0.21%
European stocks were mixed as reports showed China and German manufacturing activity rose more than expected.
HSBC/Markit's purchasing managers' index (PMI) for manufacturing in China climbed to 52 in July from 50.7 a month earlier, beating estimates for a reading of 51. A figure above 50 signals expansion.
Markit/BME separately released its PMI for German manufacturing which increased to 52.9 this month from 52 in June, ahead of expectations of 51.9.
"A lot has been said about the slowdown in the Eurozone recently, particularly in Germany which has been the most concerning thing as many don't believe we can see a strong recovery in the region without its strongest member leading the way," said Craig Erlam, analyst at Alpari UK.
French manufacturing contracted in July at its fastest pace this year, according to Purchasing Managers Index (PMI) numbers that were worse than forecast.
French manufacturing PMI shrank from 48.2 to 47.6 month-on-month, compared to consensus expectations of 48.0.
This morning's agenda will also see the release of UK retail sales data for June which is forecast to show a 4.6% gain following a 4.7% increase in May.
Later on, US reports on new home sales and initial jobless claims are due. The Federal Reserve is closely monitoring data to determine whether the economic recovery is strong enough to hike interest rates and scale back monthly bond purchases further.
Unilever, Roche
Unilever declined as the maker of Dove soap and Lipton tea reported a rise in second quarter revenue that fell short of analysts' estimates.
Roche gained after largest maker of cancer drugs reiterated its forecast for revenue this year to increase by a low- to mid-single-digit percentage at constant exchange rates and earnings per share to rise faster than sales.
BASF slumped after the world's biggest chemical maker reported second quarter earnings that missed market consensus.
Nokia surged as the Finnish network-equipment maker posted second quarter earnings that beat forecasts.
The euro rose 0.03% to $1.3468.
Brent crude futures fell 0.195% to $107.82 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: S&P 500 hits new record as earnings impress Dow Jones: -0.16%
Nasdaq: +0.40%
S&P 500: +0.17%
A wave of upbeat corporate earnings helped the S&P 500 to another all-time high on Wednesday evening, with the healthcare and technology sectors the standout performers.
The S&P 500 finished just 0.2% higher but settled a new higher of 1,987.01, its 26th record of the year so far.
The Nasdaq rose 0.4%, helped by Apple whose shares rose to their highest since 2012 after it impressed investors the previous day with better-than-expected earnings. Tech giant Microsoft also managed to beat forecasts on Tuesday.
However, the Dow Jones Industrial Average finished 0.2% lower after Boeing underwhelmed with its quarterly results.
Despite the record high for the S&P 500, gains were limited as investors continued to focus on the latest geopolitical developments in Ukraine, where two government fighter jets were shot down near the eastern border, close to the crash site of flight MH17. Ongoing heavy fighting in Gaza was also weighing on investor sentiment.
Economic data was thin on the ground in the States today, with the only major indicator being the MBA mortgage applications survey which showed a 2.4% rise in the week ended July 18th, compared with a 3.6% fall the week before.
Boeing
Aeroplane manufacturer Boeing, the sixth-largest component on the Dow, erased earlier gains to finish in the red despite the company lifting its profit guidance for 2014. Analysts attributed the fall to costs associated with the KC-46A military tanker.
Delta Airlines was flying higher after beating analysts' forecasts with its second-quarter profit on the back of strong domestic demand.
Meanwhile, soft drinks giant PepsiCo advanced after surpassing estimates and lifting its full-year outlook.
Biogen Idec and Intuitive Surgical led biotech stocks higher after the companies beat forecasts with their quarterly results.
S&P 500 - Risers
Intuitive Surgical Inc. (ISRG) $461.63 +17.71%
Biogen Idec Inc. (BIIB) $337.60 +11.60%
Robert Half International Inc. (RHI) $51.70 +7.26%
Alexion Pharmaceuticals Inc. (ALXN) $173.08 +5.94%
Celgene Corp. (CELG) $89.12 +4.47%
Air Products & Chemicals Inc. (APD) $136.09 +4.42%
Delta Airlines Inc. (DAL) $39.15 +3.90%
Cerner Corp. (CERN) $55.98 +3.49%
Apple Inc. (AAPL) $97.19 +3.46%
Yahoo! Inc. (YHOO) $34.71 +3.30%
S&P 500 - Fallers
Xilinx Inc. (XLNX) $41.26 -14.31%
Juniper Networks Inc. (JNPR) $22.43 -9.63%
Electronic Arts Inc. (EA) $36.04 -6.19%
Linear Technology Corp. (LLTC) $44.94 -5.73%
Altera Corp. (ALTR) $33.59 -4.55%
Allegheny Technologies Inc. (ATI) $41.88 -4.47%
Applied Materials Inc. (AMAT) $21.90 -4.41%
TE Connectivity Ltd (TEL) $62.32 -4.08%
Analog Devices Inc. (ADI) $51.28 -4.08%
Microchip Technology Inc. (MCHP) $47.11 -3.62%
Dow Jones I.A - Risers
Goldman Sachs Group Inc. (GS) $176.82 +1.03%
Chevron Corp. (CVX) $133.88 +0.98%
Exxon Mobil Corp. (XOM) $104.25 +0.69%
E.I. du Pont de Nemours and Co. (DD) $65.37 +0.65%
Home Depot Inc. (HD) $81.02 +0.60%
JP Morgan Chase & Co. (JPM) $59.00 +0.56%
Wal-Mart Stores Inc. (WMT) $76.99 +0.46%
Nike Inc. (NKE) $77.37 +0.43%
Travelers Company Inc. (TRV) $91.78 +0.16%
Microsoft Corp. (MSFT) $44.87 +0.09%
Dow Jones I.A - Fallers
Boeing Co. (BA) $126.71 -2.34%
Caterpillar Inc. (CAT) $108.38 -1.53%
United Technologies Corp. (UTX) $109.73 -1.02%
McDonald's Corp. (MCD) $95.35 -0.96%
Coca-Cola Co. (KO) $40.81 -0.92%
Intel Corp. (INTC) $34.50 -0.83%
Cisco Systems Inc. (CSCO) $25.68 -0.66%
Merck & Co. Inc. (MRK) $58.11 -0.55%
General Electric Co. (GE) $25.91 -0.42%
Pfizer Inc. (PFE) $30.39 -0.33%
Nasdaq 100 - Risers
Intuitive Surgical Inc. (ISRG) $461.63 +17.71%
Biogen Idec Inc. (BIIB) $337.60 +11.60%
Alexion Pharmaceuticals Inc. (ALXN) $173.08 +5.94%
Celgene Corp. (CELG) $89.12 +4.47%
Cerner Corp. (CERN) $55.98 +3.49%
Apple Inc. (AAPL) $97.19 +3.46%
Yahoo! Inc. (YHOO) $34.71 +3.30%
TripAdvisor Inc. (TRIP) $107.36 +3.06%
Check Point Software Technologies Ltd. (CHKP) $66.15 +3.01%
Facebook Inc. (FB) $71.29 +2.92%
Nasdaq 100 - Fallers
Xilinx Inc. (XLNX) $41.26 -14.31%
Linear Technology Corp. (LLTC) $44.94 -5.73%
Altera Corp. (ALTR) $33.59 -4.55%
Applied Materials Inc. (AMAT) $21.90 -4.41%
Analog Devices Inc. (ADI) $51.28 -4.08%
Maxim Integrated Products Inc. (MXIM) $32.98 -3.31%
Nxp Semiconductors Nv (NXPI) $64.54 -2.58%
Kraft Foods Group, Inc. (KRFT) $58.30 -2.56%
Avago Technologies Ltd. (AVGO) $73.63 -2.37%
Nvidia Corp. (NVDA) $18.08 -2.11% |
| | 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 | | Thursday newspaper round-up: StanChart, Big Six, Centrica... The directors of Standard Chartered rushed out a statement last night, giving emphatic support to the chairman Sir John Peace and chief executive Peter Sands amid growing shareholder pressure for heads to roll at the embattled blue-chip bank. Institutional shareholders contacted by The Times said there was a widespread feeling that the leadership team needed refreshing after two profit warnings in seven months and pointed to Mr Sands as their preferred scalp. - The Times
Britain's top competition watchdog will on Thursday set out a catalogue of concerns about the UK energy sector as it begins an 18-month investigation that could result in the Big Six suppliers being broken up. The Competition and Markets Authority will lay out the terms for the biggest ever inquiry into the UK energy market, after regulator Ofgem concluded that profits and prices were too high, leaving millions of households paying too much for their gas and electricity. - The Telegraph
He was one of the three musketeers to the Sun King at BP. Now he is about to take on a job that will make him about as popular as Cardinal Richelieu. Centrica, the company best known as the owner of British Gas, is on the verge of appointing Iain Conn, the once young high-flyer and now senior director at BP, to become its chief executive. - The Times
Britain will review its outstanding arms deals with Russia, David Cameron has pledged as the MPs called on the Government to clarify its position on weapons sales. The news came after a committee of MPs disclosed that more than 200 licences to sell British weapons to Russia are still in place. - The Telegraph
The two week offensive in Gaza, which has led to the deaths of hundreds of Palestinian men, women and children in the crowded coastal enclave, could have seen war crimes committed by Israel, the UN's top human rights official has warned. The remarks from UN High Commissioner for Human Rights Navi Pillay in Geneva came a week after Israel escalated its Operation Protective Edge - launched with the stated purpose of halting Hamas rocket fire - from aerial bombardments into a ground campaign that has resulted in a sharp increase in Palestinian casualties. - The Independent
Ukraine has accused rebels of shooting down two fighter jets on Wednesday close to where the Malaysia Airlines flight MH17 crashed, killing all 298 passengers on board. [...] A separate statement from Ukraine's Security Council on Wednesday said preliminary information suggested the missiles had been fired from Russia. Moscow has not responded to the claim. - The Independent | | |
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 | |
No comments:
Post a Comment