| | | | | | | | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London close: FTSE lifted by geopolitical developments - FTSE closes down 52.17 at 6,741.25
- Geopolitical tensions ease
- Mortgage lending down 9%
- Asking prices register biggest ever August fall
techMARK 2,782.06 +0.96%
FTSE 100 6,741.25 +0.78%
FTSE 250 15,796.37 +0.82%
The FTSE maintained its upwards trend throughout Monday's session, ultimately ending 52.17 points higher at 6,741.25.
The gains were driven by an easing of geopolitical tensions over the weekend, which helped to drive sentiment higher across the globe.
Ukrainian Foreign Minister Pavlo Klimkin and his Russian counterpart, Sergei Lavrov, made progress on talks in Berlin to solve the crisis, while developments in Iraq were also being watched following reports that Islamic State militants have been forced out of Mosul dam by Kurdish fighters and Iraqi counter-terrorism forces.
However, the five-day ceasefire between Palestine and Israel expires on Monday at midnight after a five-week conflict that has killed more than 2,000 people.
Israeli Prime Minister Benjamin Netanyahu said on Sunday a deal will be made only if the country's security can be guaranteed.
Nationwide profits more than doubles, but mortgage lending falls
In what was a fairly quiet day for UK macro news, Nationwide reported a decline in mortgage lending, signalling a further slowdown in the housing market.
Lending fell 9% to £5.8bn in the three months to 30 June.
That came as Rightmove said that asking prices of properties in the UK had seen their biggest fall ever recorded in August. The property website said the 2.9% drop from July to an average of £262,401 was led by a 5.9% fall in asking prices in London.
Meanwhile, motor and home insurance premiums have declined 4.9% year-on-year, a report from the British Insurance Brokers' Association revealed.
The data for the second quarter showed a drop of 5.6% in motor insurance and 4.2% decline in home.
Carney accused of delaying rate rise until after elections
Mark Carney, the Governor of the Bank of England, has been accused of trying to put off an interest rate rise until after the next general election.
John Mann, a member of the Treasury Select Committee, said the Canadian was "clearly" delaying a rise: "It is abundantly clear that Mark Carney is attempting to delay interest rate increases until after the election when they rise immediately."
His comments come after he last year suggested the relationship between Osborne and Carney "was in danger of being too close".
ARM rises as supermarkets fall
ARM Holdings was lifted by Goldman Sachs, which put the chipmaker on its 'conviction buy' list.
Travis Perkins rose after Liberum Capital kept its 'buy' recommendation on the stock, despite reducing its target from 2,190p to 2,100p.
Meanwhile, grocery stocks were bucking the upwards trend, with supermarket heavyweights Tesco and Wm Morrison under pressure on concerns over their dividends.
Royal Mail was firmly in the red amid further concerns about its outlook, with Jefferies reiterating its 'underperform' rating and cutting its target from 420p to 400p.
On the second tier, Bovis Homes rose strongly after delivering what Panmure Gordon described as a "positive set of interim results". Pre-tax profit in the six months to 30 June totalled £49.4m, up 166% over the year before, on revenues that jumped 75% to £322.1m, as completions reached a record level and sales prices improved. |
| | Earn £10,800 - £24,000 net per annum | | 8% annual return guaranteed & low fixed annual fees for 5 years. Devon holiday home ownership a stunning investment opportunity not to be missed!
Register your details here to receive your FREE brochure
|
|
FTSE 100 - Risers
CRH (CRH) 1,456.00p +2.75%
Smiths Group (SMIN) 1,300.00p +2.69%
Hargreaves Lansdown (HL.) 1,109.00p +2.69%
AstraZeneca (AZN) 4,201.50p +2.66%
ARM Holdings (ARM) 930.50p +2.59%
Aggreko (AGK) 1,749.00p +2.28%
International Consolidated Airlines Group SA (CDI) (IAG) 339.60p +2.10%
Intertek Group (ITRK) 2,865.00p +2.03%
TUI Travel (TT.) 374.00p +2.02%
Carnival (CCL) 2,279.00p +1.79%
FTSE 100 - Fallers
British Land Co (BLND) 724.50p -0.82%
Randgold Resources Ltd. (RRS) 5,030.00p -0.69%
Reckitt Benckiser Group (RB.) 5,255.00p -0.66%
Land Securities Group (LAND) 1,092.00p -0.55%
RSA Insurance Group (RSA) 437.80p -0.36%
Prudential (PRU) 1,415.50p -0.32%
Fresnillo (FRES) 1,003.00p -0.20%
Royal Mail (RMG) 435.10p -0.11%
Hammerson (HMSO) 612.50p -0.08%
Legal & General Group (LGEN) 238.20p -0.04%
FTSE 250 - Risers
Regus (RGU) 188.40p +5.78%
Ocado Group (OCDO) 352.30p +4.94%
Foxtons Group (FOXT) 284.10p +4.91%
Petra Diamonds Ltd.(DI) (PDL) 199.20p +4.84%
Just Retirement Group (JRG) 149.90p +4.83%
Imagination Technologies Group (IMG) 194.20p +4.52%
Bovis Homes Group (BVS) 837.50p +4.49%
Cairn Energy (CNE) 187.40p +4.34%
Ferrexpo (FXPO) 139.60p +3.56%
Balfour Beatty (BBY) 248.00p +3.38%
FTSE 250 - Fallers
Centamin (DI) (CEY) 64.30p -3.31%
Exova Group (EXO) 229.00p -2.55%
African Barrick Gold (ABG) 240.90p -2.19%
Debenhams (DEB) 63.40p -1.78%
Just Eat (JE.) 250.00p -1.57%
Fidessa Group (FDSA) 2,277.00p -1.43%
Polymetal International (POLY) 535.50p -1.20%
Pets at Home Group (PETS) 178.90p -1.16%
Dechra Pharmaceuticals (DPH) 726.00p -1.09%
Rank Group (RNK) 168.20p -1.06% |
| | 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 |
| | Europe Market Report | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe close: Stocks higher as crises in Ukraine, Iraq ease - Ukraine and Russia make progress in talks
- Kurdish fighters regain control of Mosul dam
- Weakness in France to weigh on Eurozone, Moody's warns
FTSE 100: 0.78%
DAX: 1.68%
CAC 40: 1.35%
FTSE MIB: 0.82%
IBEX 35: 1.28%
Stoxx 600: 1.18%
European stocks jumped on news the Ukraine and Russia had made headway in talks to solve the crisis.
Ukrainian Foreign Minister Pavlo Klimkin and his Russian counterpart Sergei Lavrov made progress in their negotiations in Berlin, according to German Foreign Minister Frank-Walter Steinmeier, who also attended. However, Russia's foreign minister said they are yet to reach a resolution.
"If we can see a breakthrough in talks between the two countries, it would pave the way for sanctions to be lifted, giving Germany a fighting chance of avoiding recession in the current quarter," said Alpari UK analyst Craig Erlam.
In Iraq, Kurdish fighters regained control of the Mosul dam captured by Islamic State (IS) militants two weeks ago after the US launched two waves of air strikes.
Back in the euro-area, Moody's Investor Service has warned that the Eurozone's credit would be affected by France missing its 2014 budget deficit target of 3.8% of gross domestic target (GDP).
The credit ratings agency said that France's fiscal shortfall and revisions to growth targets illustrated "the continuing challenges facing the euro area and will further test the monetary union's political will to enforce fiscal discipline in a challenging economic environment".
Elsewhere in France, Finance Minister Michel Sapin called on the European Central Bank (ECB) to take action and support growth by forcing the euro lower after data last Thursday showed that GDP stagnated in the Eurozone's second largest economy in the second quarter.
Swedish Match, Aker Solutions
Swedish Match was a high riser after Boersen-Zeitung reported that Scandinavian Tobacco Group Assens A/S is mulling an initial public offering.
Aker Solutions edged lower on reports the Norwegian oil-services company cut 225 jobs amid a slowdown.
Commerzbank advanced as Boersen-Zeitung reported that profit margins in Germany's private banking industry would rise.
Neste Oil slumped as the company said production may fall due to damage to the hydrogen plant at its Porvoo refinery.
United Internet rallied after the online-access and domain provider bought a 10.7% stake in Rocket Internet for €435m.
The euro fell 0.32% to $1.3358.
Brent crude futures dropped 2.1% to $101.40 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 rally as geopolitical tensions ease US stocks advanced as tensions in Ukraine and Iraq cooled.
Ukrainian Foreign Minister Pavlo Klimkin and his Russian counterpart Sergei Lavrov made progress on talks in Berlin to solve the crisis, which helped to lift sentiment on global equity markets.
Developments in Iraq were also being watched on reports that Islamic State (IS) militants have been forced out of Mosul dam by Kurdish fighters and Iraqi counter-terrorism forces.
The US economic data calendar will be quiet on Monday, but the schedule will pick up the pace later in the week with inflation numbers, housing-market figures, jobless claims and minutes from the Federal Reserve meeting likely to be closely watched.
Meanwhile, the Jackson Hole summit of central bankers in Wyoming and keynote speech by Fed Chair Janet Yellen on Friday will also be in focus.
"Yellen's predecessor, Ben Bernanke, previously used this opportunity to hint at future changes to monetary policy and people will be watching very closely to see if the current Fed Chair does the same," said market analyst Craig Erlam from Alpari UK.
In corporate news, Dollar General's share price jumped in pre-market trade after making a $8.95bn, or $78.50-a-share bid for Family Dollar Stores.
Dollar Tree, which had made an offer of $74.50 per Family Dollar shares, was trading lower.
Monster Beverage Corp. slumped after Jefferies Group downgraded the shares to 'hold' from 'buy'.
The US 10-year yield rose three basis points to 2.37%.
West Texas Intermediate crude futures dropped 1.2% to $96.17 per barrel, according to the ICE. |
| | 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 |
| | Broker Tips | | Broker tips: Wm Morrison, Bovis Homes, Petra Diamonds The decision by UK grocery chain Wm Morrison to extend its opening hours may help improve weak like-for-like (LFL) sales trends, but the future of its dividend remains uncertain, according to Shore Capital which kept a 'sell' rating on the stock on Monday.
The broker said that "uncertainty and poor visibility" contribute to its cautious stance on Morrison's shares.
Bovis Homes remains Panmure Gordon's top pick in the housebuilding sector after a "positive set of interim results" on Monday.
"Along with a positive outlook statement, the group has outlined its future strategy including a programme of enhanced dividend payments. This newsflow is likely to be taken positively in our view."
Canaccord Genuity has repeated its 'buy' stance on Petra Diamonds, but has said that current-year guidance from the miner was worse than expected on Monday.
"This means that the company will be more reliant on the continuing strength in diamond prices, the sale of the exceptional stones (including the recently found 122-carat blue diamond) and the available debt facilities in the year." | | |
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