Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Friday, 31 October 2014 17:40:01 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Trendsignal Your complimentary trading guide Make a consistent income with this simple trading strategy. For your free guide click here. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Stocks end higher after BoE announcement on leverage ratios Banking stocks drove the FTSE to a strong finish on Friday after the Bank of England (BoE) unveiled softer-than-expected requirements for leverage ratios and also thanks in part to an unexpected boost to stimulus from the Bank of Japan announced overnight. The top tier closed the day 82.92 points higher, making it a rise of 137.15 points for the week. The leverage ratio, a key gauge of a bank's ability to cushion itself against losses, measures the proportion of the bank's lending that is funded by equity. It had been provisionally set at 3% under Basel's global rules but the Bank of England was widely expected to unveil stricter requirements. However, chancellor George Osborne has urged the BoE to consider the impact toughening the regulatory regime for banks would have on lending to households and business. While he said he “fully accepts” the logic for an extra component to be added to the 3% level, the chancellor warned that work needed to be done on understanding what the impact might be on banks and large building societies. Overnight, Japan’s Government Pension Investment Fund announced it will put half of its holdings in local and foreign stocks, doubling previous levels, and invest in alternative assets. The Bank of Japan raised its annual target for monetary expansion to 80trn yen ($724bn) from 70trn yen. Over in the States, employment cost index was stronger than expected and rose 0.7% from the previous three months in the third quarter, exceeding analysts’ consensus of 0.5%, while the year-on-year increase came in at 2.2%. Growth in wages and salaries printed at 0.8%, continuing the steady upward trend in place since the first quarter, when wages and salaries only increased 0.3% from the previous three months. Meanwhile, the personal consumption expenditures price index rose 0.1% month-on-month on both overall and core measures, leaving the two parameters up 1.4% and 1.5% year-on-year, respectively. Barclays and RBS rise after BoE unveils softer-than-expected requirements for leverage ratios Banking stocks, already bolstered by stronger-than-expected quarterly results from RBS, received another big lift after the Bank of England unveiled its requirements for leverage ratios, which were softer-than-expected. Barclays, which had been most at risk from the rule with the lowest leverage ratio among its peer group at just 3.5%, surged in response to the news, while RBS was hot on its heels. Anglo-Spanish airline conglomerate IAG was also in demand as it reported a 30% jump in third-quarter operating profits on the back of falling fuel costs and lifted its guidance for full-year growth. It now expects full-year adjusted operating profits to grow €550m-600m over last year, compared with an earlier target for €500m growth. Direct Line said it remains on track to hit its full-year targets, but noted "highly competitive" markets as gross written premiums fell 5% in the third quarter. The stock dropped firmly into the red after a positive start. Gold stocks tracked the metal's price lower, with Randgold and Fresnillo both registering heaving losses. Standard Chartered continued to decline amid recent reports US prosecutors have re-opened their investigations into whether the lender withheld information into the possible violation of the sanctions regime imposed on Iran. Why is now such a good time to invest in US property? Castle Keep are now offering their expertise as US property fund managers to help private investors avoid the pitfalls of investing in an unfamiliar market. Find out for yourself and download their FREE US property investment guide Market Movers techMARK 2,778.78 +1.05% FTSE 100 6,546.47 +1.28% FTSE 250 15,501.37 +1.33% FTSE 100 - Risers Barclays (BARC) 240.80p +8.20% Royal Bank of Scotland Group (RBS) 388.00p +6.21% International Consolidated Airlines Group SA (CDI) (IAG) 409.20p +4.74% St James's Place (STJ) 745.00p +4.56% ARM Holdings (ARM) 875.00p +4.35% Schroders (SDR) 2,411.00p +3.43% Rolls-Royce Holdings (RR.) 843.00p +3.37% Kingfisher (KGF) 302.50p +3.10% Friends Life Group Limited (FLG) 323.40p +3.06% Aberdeen Asset Management (ADN) 434.00p +2.92% FTSE 100 - Fallers Randgold Resources Ltd. (RRS) 3,678.00p -2.67% Fresnillo (FRES) 697.50p -2.65% Direct Line Insurance Group (DLG) 276.00p -1.95% TUI Travel (TT.) 398.60p -0.55% Morrison (Wm) Supermarkets (MRW) 154.80p -0.51% Standard Chartered (STAN) 939.60p -0.42% Sainsbury (J) (SBRY) 245.50p -0.41% Intertek Group (ITRK) 2,722.00p -0.40% Capita (CPI) 1,097.00p -0.36% BHP Billiton (BLT) 1,610.50p -0.31% FTSE 250 - Risers Regus (RGU) 197.30p +6.82% Ashmore Group (ASHM) 318.60p +5.53% Henderson Group (HGG) 210.80p +5.35% Card Factory (CARD) 236.70p +4.87% Hays (HAS) 123.30p +4.76% Fidessa Group (FDSA) 2,341.00p +4.51% Investec (INVP) 572.00p +4.09% Mitchells & Butlers (MAB) 380.00p +4.05% IP Group (IPO) 206.90p +3.45% Smith (DS) (SMDS) 264.70p +3.36% FTSE 250 - Fallers Bwin.party Digital Entertainment (BPTY) 89.65p -10.22% Centamin (DI) (CEY) 51.20p -6.65% Supergroup (SGP) 830.00p -6.21% EnQuest (ENQ) 69.40p -4.41% African Barrick Gold (ABG) 206.00p -3.78% Ophir Energy (OPHR) 185.30p -3.14% Riverstone Energy Limited (RSE) 838.00p -2.56% Stock Spirits Group (STCK) 305.00p -2.49% Cairn Energy (CNE) 145.10p -2.42% Hochschild Mining (HOC) 98.95p -2.32% UK & Europe Step Down Autocall 2 SG16 is a 6 year investment linked to the FTSE 100 and Euro Stoxx 50 Indices, which aims to generate a gross return of 10% per year (not compounded), and return your initial investment at Maturity, if not before See for yourself, here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks gain after BoJ stimulus, Eurozone inflation European stocks gained as investors weighed the Bank of Japan's decision to boost stimulus and a rise in Eurozone inflation. The BoJ raised its annual target for monetary expansion to 80trn yen from a previous 60 to 70trn yen. The move came as Japan's jobless rate rose to 3.6% in September from 3.5% the previous month, as expected. Inflation in the world's third largest economy fell to 3.2% in September from 3.3% the month earlier, which was also predicted by the market. Eurozone inflation rose by 0.4% year-on-year in October, as expected, up from 0.3% the previous month. However, it remains below the European Central Bank's (ECB) target of just under 2%. The unemployment rate in the euro-area held at 11.5%, meeting forecasts. "With euro-zone HICP inflation still close to zero in October and the unemployment rate holding near a record high, there remains a significant risk of deflation in the single currency area," Capital Economics warned. In other euro-area news, German retail sales rose 2.3% year-on-year in September, following a 0.1% rise the prior month. Analysts had estimated a 1.2% gain. In another lift to markets, ECB official Ewald Nowotny said on Friday: "Never say never" to full-blown quantitative easing in the Eurozone. In an interview with CNBC, he refused to rule out a Federal Reserve-style bond-buying programme, but said he doesn't see the need for it at the moment. In the US, personal spending fell 0.2% in September, following a 0.5% increase a month earlier. Analysts had predicted a 0.1% rise. The University of Michigan's consumer confidence was revised higher to 86.9 in October from 86.4. RBS, Barclays Royal Bank of Scotland Group jumped after swinging to a third-quarter profit. International Consolidated Airlines Group advanced as the owner of the British Airways and Iberia raised its full-year earnings guidance. Danone climbed after agreeing to buy a 25% stake in Yashili International Holdings, a Chinese infant milk-formula maker. BNP Paribas gained after posting an 11% increase in third-quarter profit that beat analysts' estimates. Barclays was higher after saying it is confident of reaching the leverage ratio set by the Bank of England. The euro fell 0.63% to $1.2533. 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: Markets soar after unexpected stimulus from BoJ US stocks soared on Friday, as the Dow Jones Industrials hit a new all-time intra-day high of 17,350.93 soon after the open, with investors buoyed by an unexpected boost to stimulus from the Bank of Japan. Soon after 10am in New York, the Dow Jones Industrial Average was 135.15 points up to 17,330.31, while the S&P 500 advanced 18.38 to 2,012.94 and the Nasdaq was 51.04 points higher to 4,151.67. Japan's Government Pension Investment Fund announced it will put half of its holdings in local and foreign stocks, doubling previous levels, and invest in alternative assets. The Bank of Japan raised its annual target for monetary expansion to 80trn yen ($724bn) from 70trn yen. The US employment cost index (ECI) was stronger than expected and rose 0.7% from the previous three months in the third quarter, exceeding analysts' consensus of 0.5%, while the year-on-year increase came in at 2.2%. Growth in wages and salaries printed at 0.8%, continuing the steady upward trend in place since the first quarter, when wages and salaries only increased 0.3% from the previous three months. "Government sector employment costs are growing at a slightly slower, but still solid pace of 0.5% quarter-on-quarter and 2.1% year-on-year," Barclays analysts said in a note. "We continue to expect wage growth to rise gradually this year, reflecting continued improvement in the labour market and a reduction in labour market slack." US personal spending fell 0.2% in nominal terms in September, lower than analysts' expectations of 0.1%. The personal consumption expenditures (PCE) price index rose 0.1% month-on-month on both overall and core measures, leaving the two parameters up 1.4% and 1.5% year-on-year, respectively. In corporate news, Linkedin rose sharply after better-than-expected sales, while Gopro soared after its prediction for fourth-quarter profit surpassed analysts' projections. Starbucks slid after announcing later on Thursday that its fourth quarter revenue missed estimates, while Apple opened at an-all time high of $108.01. Gold futures slid to $1,162.60, a level not seen since 2010, as the dollar surged forward following a surprise stimulus move from the Bank of Japan. The greenback gained over 2.5 percentage points on the yen and it also registered smaller gains against the euro and the pound. West Texas intermediate and Brent crude both fell, trading at just under $80 and $85 a barrel respectively. The Share Centre Trade Online – Just £7.50 Per Deal Fix Your Dealing Commission Now Simply Easier (Capital at Risk) Broker Tips Broker tips: RBS, St James's Place, Supergroup, Henderson Third-quarter profits from RBS were well-received by the stock market in London on Friday, though brokers remained divided over how to recommend the stock to investors. Analysts warned that, despite the progress made in the third quarter, one-off costs will continue to be a drag on RBS' bottom line going forward. Shore Capital kept a 'hold' rating on the stock, saying that while the bank is "clearly seeing good momentum", the unresolved conduct and litigation risks "cannot be ignored". Hargreaves Lansdown Stockbrokers also said that "a number of issues remain unresolved", such as the conduct and litigation issues which "will continue to be costly, time-consuming and distracting". There are also restructuring costs to be considered, he said. St James's Place's share price was extending gains on Friday after a strong third-quarter update the previous session, with Barclays Capital providing a boost after naming the wealth manager as its top pick within the European insurance sector. "Throughout SJP's recent period of underperformance, we continued to see its underlying fundamental drivers as undiminished," said Barclays analysts Alan Devlin and Chris Roberts. The market had factored in some bad news ahead of Supergroup's profit warning on Friday, "but the quantum of the downgrade is greater than feared", according to Oriel Securities. The broker retained its 'reduce' rating on the stock with a 760p target, saying that the fashion retailer's "fanatical adoption" of a strategy to sell stock at full prices is inappropriate. Citigroup has highlighted an "attractive entry price" for potential investors of investment management firm Henderson Group, as it upgraded its rating on the stock from 'neutral' to 'buy'.   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE To advertise in the Euro Markets Bulletin please contact patrick@advfn.co.uk     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Friday, 31 October 2014 10:03:41 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Trendsignal Your complimentary trading guide Make a consistent income with this simple trading strategy. For your free guide click here. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: RBS and IAG lead gains as UK stocks rise on BoJ stimulus London's stock market jumped in early deals on Friday, trading at levels not seen since the start of the month, after Japan's central bank unexpectedly ramped up its monetary-easing plan in a bid to revive growth. Sentiment was also helped by some well-received third-quarter results from heavyweights RBS, IAG and Direct Line. The FTSE 100 rose 0.9% to 6,519 within the opening hour after closing at 6,463.55 on Thursday, its highest finish since 8 October. Just days after the Federal Reserve called an end to its asset purchases, the Bank of Japan said it would be expanding its bond-buying programme to 80trn yen a year, up from the Y60trn-70trn level which has been in place since April 2013, amid downwards pressure on prices and falling consumer spending. The move saw Japanese stocks soar over 5% on Friday and the yen slump close to seven-year lows against the dollar. Analyst Angus Campbell from FxPro said the decision in Japan took "almost everyone by surprise, not because further measures were not expected, but because it was thought the BoJ wouldn't move quite so soon". Economic data will be in focus on Friday, with Eurozone inflation figures due out in the morning, followed by personal spending, and consumer-confidence indicators in the States later on. RBS, IAG and Direct Line provide a boost Royal Bank of Scotland was making decent gains after saying it swung to a profit of nearly £1.3bn in the third quarter of 2014, compared with a loss of £634m the year before, and said it was making early progress in its strategy to create a "simpler, clearer and fairer" bank. The part-nationalised lender also confirmed that it would be keeping Irish arm Ulster Bank following a strategic review. Anglo-Spanish airline conglomerate International Consolidated Airlines Group was also in demand as it reported a 30% jump in third-quarter operating profits on the back of falling fuel costs and lifted its guidance for full-year growth. It now expects full-year adjusted operating profits to grow €550m-600m over last year, compared with an earlier target for €500m growth. Direct Line noted "highly competitive" markets but reassured investors by saying that pricing in the motor insurance market continuing to stabilise in the third quarter. The company said it remains on track to hit its full-year targets. Tougher comparatives led to a slowdown in organic growth at advertising and media giant WPP in the third quarter, though the company maintained its guidance for the full year. The stock was more or less flat early on. Fashion retailer SuperGroup was a heavy faller after lowering its profit guidance for the full year after recent warm weather kept a lid on sales. Why is now such a good time to invest in US property? Castle Keep are now offering their expertise as US property fund managers to help private investors avoid the pitfalls of investing in an unfamiliar market. Find out for yourself and download their FREE US property investment guide Market Movers techMARK 2,767.73 +0.65% FTSE 100 6,519.37 +0.86% FTSE 250 15,443.81 +0.95% FTSE 100 - Risers International Consolidated Airlines Group SA (CDI) (IAG) 404.00p +3.40% Royal Bank of Scotland Group (RBS) 374.90p +2.63% Ashtead Group (AHT) 1,041.00p +2.16% Schroders (SDR) 2,380.00p +2.10% Friends Life Group Limited (FLG) 320.40p +2.10% London Stock Exchange Group (LSE) 2,010.00p +1.98% Intu Properties (INTU) 341.70p +1.91% St James's Place (STJ) 724.50p +1.68% Royal Mail (RMG) 442.60p +1.65% Unilever (ULVR) 2,514.00p +1.58% FTSE 100 - Fallers Randgold Resources Ltd. (RRS) 3,718.00p -1.61% Fresnillo (FRES) 707.00p -1.33% BT Group (BT.A) 363.80p -1.11% WPP (WPP) 1,204.00p -0.33% Tesco (TSCO) 173.10p -0.12% RSA Insurance Group (RSA) 478.70p -0.10% Smith & Nephew (SN.) 1,053.00p -0.09% FTSE 250 - Risers JD Sports Fashion (JD.) 474.40p +5.42% Elementis (ELM) 268.00p +4.28% Henderson Group (HGG) 208.60p +4.25% Regus (RGU) 192.50p +4.22% Polymetal International (POLY) 527.00p +3.33% Card Factory (CARD) 233.00p +3.23% Zoopla Property Group (WI) (ZPLA) 211.50p +2.92% Berendsen (BRSN) 1,006.00p +2.81% Bank of Georgia Holdings (BGEO) 2,568.00p +2.64% AL Noor Hospitals Group (ANH) 1,048.00p +2.54% FTSE 250 - Fallers Supergroup (SGP) 811.00p -8.36% Bwin.party Digital Entertainment (BPTY) 94.90p -4.96% Centamin (DI) (CEY) 53.40p -2.64% African Barrick Gold (ABG) 210.40p -1.73% Ted Baker (TED) 1,943.00p -0.61% Serco Group (SRP) 294.10p -0.57% Workspace Group (WKP) 635.50p -0.47% Playtech (PTEC) 701.00p -0.43% Premier Oil (PMO) 258.10p -0.39% Provident Financial (PFG) 2,115.00p -0.38% UK Event-Calendar Friday 31 October INTERIMS 1Spatial INTERIM DIVIDEND PAYMENT DATE 32Red, Advanced Medical Solutions Group, BBA Aviation, Central Asia Metals, Crawshaw Group, Dignity, EMIS Group, Hargreave Hale AIM VCT 2, Huntsworth, Lighthouse Group, Maven Income & Growth 2 VCT, NAHL Group, Old Mutual, Servelec Group , Smurfit Kappa Group, Tandem Group, Wynnstay Group, XLMedia QUARTERLY PAYMENT DATE Albion Technology & General VCT, 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) (12:30) Personal Income (US) (12:30) Personal Spending (US) (12:30) Retail Sales (GER) (07:00) U. of Michigan Confidence (Final) (US) (13:55) Unemployment Rate (EU) (10:00) Q3 International Consolidated Airlines Group SA (CDI), Royal Bank of Scotland Group GMS Gresham House, Jupiter Second Split Trust Geared Gwth Shares IMSS Berendsen, Direct Line Insurance Group, Regus, Royal Bank of Scotland Group, Weir Group AGMS CEB Resources, Cientifica , Ideagen UK ECONOMIC ANNOUNCEMENTS Consumer Confidence (09:30) GFK Consumer Confidence (00:05) FINAL DIVIDEND PAYMENT DATE Abbey, Chemring 7% Cumulative Preference Shares 1, City of London Investment Group, Heavitree Brewery 11 1/2% Cum Prf , Latham (James) 8% Cumulative Preference 1, Mid Wynd International Inv Trust UK & Europe Step Down Autocall 2 SG16 is a 6 year investment linked to the FTSE 100 and Euro Stoxx 50 Indices, which aims to generate a gross return of 10% per year (not compounded), and return your initial investment at Maturity, if not before See for yourself, here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks gain after Bank of Japan boosts stimulus European stocks gained after the Bank of Japan unexpectedly boosted its stimulus, raising its annual target for monetary expansion. The BoJ lifted its target to 80trn yen from a previous 60trn-70trn yen. The move came as Japan’s jobless rate rose to 3.6% in September from 3.5% the previous month, as expected. Inflation in the world’s third-largest economy fell to 3.2% in September from 3.3% the month earlier, which was also predicted by the market. However, the core rate which strips out the effect of the recent sales-tax hike fell to 1%, further away from the BoJ's 2% target. The Eurozone has inflation data due out on Friday amid pressure on the European Central Bank to address price instability. The unemployment rate will also be released in morning trading. In other euro-area news, German retail sales rose 2.3% year-on-year in September, following a 0.1% rise the prior month. Analysts had estimated a 1.2% gain. The US will see the release of personal spending and consumer confidence data later on. BNP, RBS BNP Paribas gained after posting an 11% increase in third-quarter profit that beat analysts’ estimates. Royal Bank of Scotland Group jumped after swinging to a third-quarter profit. International Consolidated Airlines Group advanced as the owner of the British Airways and Iberia raised its full-year earnings guidance. The euro fell 0.33% to $1.2572. Brent crude futures dropped 1.18% to $85.24 per barrel, according to the ICE. Swissquote offers CFD Trading, an efficient mean of trading indices, commodities and currencies. You can trade on the market whether you think it will go UP or Down! Think the DAX will go Down? Short the DAX… Try CFD Trading with a Free Practice Account losses can exceed your deposit. US Market Report US close: Markets gain after better than expected GDP data US stocks advanced on Thursday, following better-than-expected real gross domestic product (GDP) data, fuelling speculation the economy is strong enough to withstand higher interest rates. The Dow Jones Industrial average closed 221.11 points up to 17,195.420,while the S&P 500 gained 12.35 points to 1,994.65 and the Nasdaq closed 10.08 points up to 4,096.22. Data released on Thursday showed US GDP rose an annualised 3.5% in the third quarter of 2014, exceeding consensus estimates of a 3.0% rise. Government spending increased to 4.6%, driven by a 16% rise in federal defence spending, the largest increase in five years, while business investment spending rose 5.5% and real consumer spending advanced slightly more than expected to 1.8%. "The GDP figure was stronger than expected, the fact that the surprise was in defence spending, which is unlikely to be repeated, leads us not to extrapolate the stronger growth into future quarters," Barclays said in a note, adding that it expected real GDP growth to be 2.5% in the final quarter of 2014. Figures published by the Labor Department showed that the number of Americans who applied for new unemployment benefits in October remained below the 300,000 unit for the seventh consecutive week. In the week ended 25 October, initial jobless claims rose by 3,000 to 287,000, in line with consensus expectations of 285,000, while claims for the previous week were revised to 284,000, as the four-week moving average remained at 281,000, its lowest level since 2000. In corporate news, Visa rallied 10.24% after fourth quarter earnings fell less than analysts expectations, while rival Mastercard rose 9.40% after its third quarter profit and sales also beat analyst estimates. Lakeland Industries soared 22.97% after the maker of hazmat suits announced it accelerated manufacturing capacity due to the Ebola crisis. Take-Two Interactive Software rose 10.83% after reporting losses that were less severe than previously anticipated, while Harman International Industries advanced 7.46% after posting first quarter adjusted earnings of $1.31 a share above the $1.12 a share forecast by analysts. Kraft Food fell 1.32% after reporting its third quarter profit from $500m to $446m, while Avon Products shares dropped 9.03%, even though the firm topped analysts' estimates after positive results in Europe. The yield on the 10-year US Treasury note was stable at 2.31%, while the yield on the 30-year note fell one basis poin to 3.04 and the five-year Treasuries were unchanged at 1.58. Gold futures slid to $1,198.80, while West Texas intermediate and Brent crude both retreated and closed at just over $81 and just over $86 respectively. The dollar advanced marginally against the pound, the euro and the yen. S&P 500 - Risers Visa Inc. (V) $236.65 +10.24% Mastercard Inc. (MA) $83.13 +9.40% Bristol-Myers Squibb (BMY) $58.98 +8.90% Harman International Industries Inc. (HAR) $108.87 +7.46% Akamai Technologies Inc. (AKAM) $59.83 +6.44% Amerisource Bergen Corp. (ABC) $84.84 +6.40% Owens-Illinois Inc. (OI) $24.96 +6.08% Allegion (ALLE) $52.64 +4.67% Hospira Inc. (HSP) $54.24 +4.17% Perrigo Company plc (PRGO) $161.33 +4.08% S&P 500 - Fallers Avon Products Inc. (AVP) $9.97 -9.03% Ball Corp (BLL) $63.30 -4.94% Borg Warner Inc. (BWA) $54.37 -4.38% CH Robinson Worldwide Inc (CHRW) $69.22 -3.99% Intel Corp. (INTC) $32.58 -3.95% Cabot Oil & Gas Corp. (COG) $30.39 -3.83% Denbury Resources Inc. (DNR) $12.21 -3.17% Freeport-McMoRan Inc (FCX) $28.08 -3.14% Unum Group (UNM) $33.46 -3.13% Avago Technologies Ltd. (AVGO) $82.39 -2.93% Dow Jones I.A - Risers Visa Inc. (V) $236.65 +10.24% Merck & Co. Inc. (MRK) $57.31 +1.98% Johnson & Johnson (JNJ) $107.04 +1.40% E.I. du Pont de Nemours and Co. (DD) $67.66 +1.29% Pfizer Inc. (PFE) $29.84 +1.19% Nike Inc. (NKE) $93.00 +1.14% Home Depot Inc. (HD) $97.52 +1.14% Coca-Cola Co. (KO) $41.40 +1.07% Unitedhealth Group Inc. (UNH) $93.88 +0.99% Walt Disney Co. (DIS) $90.22 +0.77% Dow Jones I.A - Fallers Intel Corp. (INTC) $32.58 -3.95% Microsoft Corp. (MSFT) $46.05 -1.22% Exxon Mobil Corp. (XOM) $94.45 -0.15% Cisco Systems Inc. (CSCO) $24.08 -0.08% Caterpillar Inc. (CAT) $100.16 -0.03% Nasdaq 100 - Risers Catamaran Corp (CTRX) $47.54 +12.87% Equinix Inc. (EQIX) $207.47 +7.82% Akamai Technologies Inc. (AKAM) $59.83 +6.44% Baidu Inc. (BIDU) $237.01 +5.55% F5 Networks Inc. (FFIV) $121.78 +3.98% Vimpelcom Ltd Ads (VIP) $6.42 +3.55% Gilead Sciences Inc. (GILD) $114.22 +3.16% Mylan Inc. (MYL) $52.37 +2.99% Activision Blizzard Inc. (ATVI) $19.58 +2.84% Cognizant Technology Solutions Corp. (CTSH) $47.98 +2.70% Nasdaq 100 - Fallers CH Robinson Worldwide Inc (CHRW) $69.22 -3.99% Intel Corp. (INTC) $32.58 -3.95% Avago Technologies Ltd. (AVGO) $82.39 -2.93% Discovery Communications Inc. Class A (DISCA) $35.94 -2.92% Nxp Semiconductors Nv (NXPI) $65.41 -2.45% Facebook Inc. (FB) $74.11 -2.31% Texas Instruments Inc (TXN) $47.53 -1.66% Maxim Integrated Products Inc. (MXIM) $28.40 -1.63% Micron Technology Inc. (MU) $31.82 -1.43% The Share Centre Trade Online – Just £7.50 Per Deal Fix Your Dealing Commission Now Simply Easier (Capital at Risk) Friday newspaper round-up: JP Morgan, Shadow banking, Standard Chartered JP Morgan directors are top of the pile when it comes to income average of investment banks, the Guardian reported on Friday. According to research carried out by salary benchmarking website Emolument.com, directors at the American bank earn on average £461,000 a year – £214,000 in salary and a £272,000 bonus. JP Morgan bankers, working in sales, trading and research, also earn 15% more than rivals at equivalent grades at second-place Deutsche Bank, with Bank of America Merrill Lynch clinching third spot, as it pays an average of £376,000. Global shadow banking assets rose to a record $75trn (£46.5trn) in 2013, the Daily Telegraph reported. According to a research by the Financial Stability Board (FSB), the value of mortgage-backed securities, risky investment products and other non-bank entities rose by $5trn to $75trn in 2013 Holding about 25% of the world's total financial assets, shadow-banking, which is not constrained by bank regulation, now represents almost half of the global banking system. It is also equivalent to 120% of global gross domestic product (GDP). Standard Chartered shares plummeted to their lowest level in five-and-a-half years on Thursday after reports that US authorities had reopened an investigation into the bank over breaching sanctions with Iran, the Financial Times reported. US regulators, which fined Standard Chartered £415m in 2012 for breaching sanctions with Iran, have now reopened their investigation, adding to the bank woes only days after Peter Sands, the group chief executive, admitted the bank could not achieve its profits promises for the year. The future of Standard Chartered, which has lost more than 30% this year, is likely to generate concerns among investors after its shares slumped to 943p for the first time since 2009. A tax dispute with the Mongolian government has cut into the value of Rio Tinto's huge copper project in Mongolia, the Oyu Tolgoi mine. The miner thus looks set to take a $2.5bn write-down on the value of that roubled undertaking, although it had already flagged that risk at the half-year stage. At $5bn to develop the deposit could see the Asian country's economic growth rate increase by approximately half, the International Monetary Fund recently estimated, according to The Times. The fall in the international price of oil is indeed making itself felt in the shale oil industry. In its latest quarterly results the outfit said that each quarter during which the price of crude remained at $85 per barrel its quarterly profits would be reduced by $2bn. That is proof of the magnitude of the pressures which the sector is coming under as a result of the recent fall in crude prices, says The Times.   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 October 2014 17:38:15 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Trendsignal Your complimentary trading guide Make a consistent income with this simple trading strategy. For your free guide click here. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: FTSE ends session with modest gains The top tier closed slightly higher on Thursday, as a strong performance by Smith & Nephew was offset by losses amongst the mining sector. The FTSE 100 ended the day 9.68 points higher than on the previous day at 6,463.55. Investors were paying attention to what analysts called an "artificially high" gross domestic product (GDP) reading for the US, which rose at an annualised clip of 3.5% in the third quarter, exceeding consensus estimates for a rise of 3.0% rise. "The market has made a rapid recovery as the US growth figure isn't as impressive as initially thought," said IG market analyst David Madden. "When the 3.5% US GDP figure flashed on the screens it was traders' worst nightmare! Dealers feared a rate rise must be around the corner but after closer inspection the jump in growth was largely down to Washington's spending on defence. "After nearly six years of quantitative easing from the US, traders still have the attitude that bad news is good news; old habits die hard." Meanwhile, figures published by the Labor Department showed that the number of Americans who applied for new unemployment benefits in October remained below the 300,000 level for the seventh consecutive week. In the week ended 25 October, initial jobless claims rose by 3,000 to 287,000, "more or less" in-line with consensus expectations of 285,000, while claims for the previous week were revised to 284,000, as the four-week moving average remained at 281,000, its lowest level since 2000. Smith & Nephew rises after first quarter results Medical devices maker Smith & Nephew rose strongly after it posted a 3% increase in both revenue and profit for the third quarter, thanks to an improvement in its emerging and international markets units, recent product launches and investment in the sales force. On an underlying basis, turnover climbed from $1,027m to $1,148m, thanks to its Sports Medicine and Trauma & Extremities divisions, which benefited from recent product launches and investment in the US sales force. Wealth manager St James's Place was another stand-out performer, rising strongly after seeing impressive inflows in its third quarter, helped by a big increase in demand for new ISA investments. Funds under management reached a record £49.1bn by 30 September, up 17% on the year before. Mondi was also higher thanks to the news Moody's Investors Service has upgraded the group's credit rating to Baa2 from Baa3. Chief executive Andrew King said it was "further testament to the robustness of the group's business model and the ability of the business to generate strong cash-flows through the business cycle". Meanwhile, shares in Standard Chartered fell for a fourth day amid reports US prosecutors have re-opened their investigations into whether the lender withheld information into the possible violation of the sanctions regime imposed on Iran. Mining groups dropped in the face of falling metal prices, with gold at a three-week low and copper pulling back from a six-week high. Fresnillo, Randgold, Anglo American, Glencore and Antofagasta were among the worst performers. Tullow Oil was knocked lower by Deutsche Bank, which cut its target from 790p to 650p.   UK & Europe Step Down Autocall 2 SG16 is a 6 year investment linked to the FTSE 100 and Euro Stoxx 50 Indices, which aims to generate a gross return of 10% per year (not compounded), and return your initial investment at Maturity, if not before See for yourself, here Market Movers techMARK 2,749.84 +0.56% FTSE 100 6,463.55 +0.15% FTSE 250 15,298.32 +0.42% FTSE 100 - Risers St James's Place (STJ) 712.50p +3.56% Smith & Nephew (SN.) 1,054.00p +3.54% Friends Life Group Limited (FLG) 313.80p +2.62% Mondi (MNDI) 1,037.00p +2.37% Shire Plc (SHP) 4,164.00p +2.18% Carnival (CCL) 2,467.00p +1.82% InterContinental Hotels Group (IHG) 2,337.00p +1.79% Capita (CPI) 1,101.00p +1.76% Persimmon (PSN) 1,444.00p +1.69% Rolls-Royce Holdings (RR.) 815.50p +1.68% FTSE 100 - Fallers Randgold Resources Ltd. (RRS) 3,779.00p -6.02% Standard Chartered (STAN) 943.60p -4.89% Fresnillo (FRES) 716.50p -4.34% Anglo American (AAL) 1,320.50p -2.37% Glencore (GLEN) 317.10p -2.04% BT Group (BT.A) 367.90p -2.02% Tullow Oil (TLW) 484.10p -2.00% Antofagasta (ANTO) 690.50p -1.92% ITV (ITV) 200.50p -1.81% BG Group (BG.) 1,026.50p -1.72% FTSE 250 - Risers National Express Group (NEX) 246.20p +4.68% Rightmove (RMV) 2,123.00p +4.48% Polymetal International (POLY) 510.00p +3.95% Keller Group (KLR) 826.50p +3.51% JD Sports Fashion (JD.) 450.00p +3.31% Grafton Group Units (GFTU) 620.50p +3.24% Moneysupermarket.com Group (MONY) 197.50p +3.03% Just Retirement Group (JRG) 132.80p +2.95% UBM (UBM) 562.00p +2.93% AL Noor Hospitals Group (ANH) 1,022.00p +2.92% FTSE 250 - Fallers Afren (AFR) 78.70p -15.60% Hochschild Mining (HOC) 101.30p -5.94% Ferrexpo (FXPO) 85.85p -4.24% Premier Oil (PMO) 259.10p -3.89% Cairn Energy (CNE) 148.70p -3.82% Lonmin (LMI) 172.90p -3.62% Bank of Georgia Holdings (BGEO) 2,502.00p -3.40% Vedanta Resources (VED) 810.50p -3.34% Centamin (DI) (CEY) 54.85p -2.92% Hays (HAS) 117.70p -2.24% Why is now such a good time to invest in US property? Castle Keep are now offering their expertise as US property fund managers to help private investors avoid the pitfalls of investing in an unfamiliar market. Find out for yourself and download their FREE US property investment guide Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks pick up after Eurozone, US data European stocks rebounded as investors digested a batch of data in the Eurozone and the US. On the upside, German unemployment fell 22,000 in October, more than the 4,000 gain predicted by analysts. It followed a 12,000 increase a month earlier. The unemployment rate held at 6.7%, as expected. Euro-area economic confidence rose unexpectedly in October, another report showed. The sentiment index rose to 100.7 from 99.9 in September, more than the 99.7 predicted by analysts. On the downside, German inflation in October rose by an estimated 0.7% year-on-year, less than analysts' forecasts for 0.9% on a harmonised basis. It follows an 0.8% increase a month earlier, adding to concerns about the health of Europe's biggest economy. Spanish gross domestic product (GDP) growth slowed down during the third quarter, in line with what the market expected, but analysts raised concerns about how the recovery will fare next year. Spanish GDP expanded by 0.5% during the July-September period, easing from the 0.6% growth seen in the second quarter. The European Central Bank (ECB) has been working hard to address a stagnant recovery, including the introduction of this month's covered bonds and asset backed securities programmes. "The ECB seems unlikely to announce any new policies this month as it continues to purchase small quantities of covered bonds and prepares to buy asset-backed securities," according to Capital Economics. "With the risk of deflation growing, President Mario Draghi may confirm speculation that the ECB is also considering buying corporate bonds. And we suspect that government bond purchases will ultimately be needed to ensure an expansion of the bank's balance sheet large enough to exert meaningful upward pressure on inflation. But these policies will probably take time to come to fruition given opposition in Germany and elsewhere." In the US, GDP rose by 1.3% in the third quarter following a 2.1% increase a quarter earlier. Analysts had predicted a 1.4% gain. Initial jobless claims in the week to 25 October rose 287,000, compared to 284,000 the prior week and the market estimate for 285,000 claims. The data follows the Federal Reserve's decision on Wednesday to keep interest rates unchanged and end its quantitative easing programme. Fed Chair Janet Yellen on Thursday said that having a range of different ideas and perspectives is crucial to ensuring the US central bank makes correct decisions. During a speech at a conference on how to attract more minorities and women into the economics profession, she insisted she welcomed the range of contrasting views at the table and hoped to see it replicated "at all levels and throughout the Fed system". Bayer, Linde Bayer AG rallied as the German drug-maker reported third-quarter earnings that topped estimates and raised its forecast for the year. Linde AG slumped after the industrial-gases company said it will miss full-year and 2016 profit targets. Renault edged higher as Europe's third-largest carmaker posted a rise in quarterly earnings. Barclays advanced after reporting a rise in third quarter pre-tax profit which beat market estimates. Deutsche Lufthansa dropped after reducing its 2015 profit forecast. Volkswagen gained as Europe's largest automaker posted profit that beat analysts' predictions on sales growth at the Audi and Skoda brands. The euro fell 0.11% to $1.2618. Brent crude futures declined 0.92% to $86.32 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: Markets fluctuate after GDP and claims data US stocks fluctuated on Thursday after accelerating gross domestic product data led to speculation that the economy might be strong enough for the Federal Reserve to raise interest rates earlier in 2015. Not long after 10:00 in New York, the Dow Jones Industrial Average was 65.66 points up to 17,039.97, while the S&P 500 lost 4.88 points to 1,977.42 and the Nasdaq was 20.84 points down to 4,069.71 Data released on Thursday showed US real gross domestic product (GDP) rose an annualised 3.5% in the third quarter of 2014, exceeding consensus estimates of a 3.0% rise. Government spending increased to 4.6%, driven by a 16% rise in federal defence spending, the largest increase in five years, while business investment spending rose 5.5% and real consumer spending advanced slightly more than expected to 1.8%. "The GDP figure was stronger than expected, the fact that the surprise was in defence spending, which is unlikely to be repeated, leads us not to extrapolate the stronger growth into future quarters," Barclays said in a note, adding that it expected real GDP growth to be 2.5% in the final quarter of 2014. Figures published by the Labor Department showed that the number of Americans who applied for new unemployment benefits in October remained below the 300,000 unit for the seventh consecutive week. In the week ended 25 October, initial jobless claims rose by 3,000 to 287,000, in line with consensus expectations of 285,000, while claims for the previous week were revised to 284,000, as the four-week moving average remained at 281,000, its lowest level since 2000. In corporate news, Visa rallied after fourth quarter earnings fell less than analysts expectations, while rival Mastercard rose after its third quarter profit and sales also beat analyst estimates. Lakeland Industries soared as high as 40% after the maker of hazmat suits announced it accelerated manufacturing capacity due to the Ebola crisis. Take-Two Interactive Software and both rose sharply, the former after reporting losses that were less severe than previously anticipated. Kraft Food fell after reporting its third quarter profit from $500m to $446m, while Avon Products shares dropped significantly, even though the firm topped analysts' estimates after positive results in Europe. The yield on the 10-year US Treasury note fell four basis points to 2.28%, while the yield on the 30-year note fell by the same margin to 3.01 and the five-year Treasuries were unchanged at 1.58. Gold futures slid to $1,203.20, while West Texas intermediate and Brent crude both retreated and were trading at just over $81 and just over $86 respectively. £12,000 return in 6 years See your money fly in a proven UK-based, in-demand alternative investment opportunity. Only recently made available to the general market, you can benefit from up to 12% returns and a buyback option in year 5 – all in a VAT exempt, hands-off, hassle-free and secure investment package. Interested? Click here for more information Broker Tips Broker tips: Shell, Barclays, British Land, St James's Place Broker Charles Stanley has lifted its recommendation for Royal Dutch Shell from 'accumulate' to 'buy', saying that the company should be resilient to the recent slump in oil prices. The broker said Shell was "well-placed to improve its returns and deliver its objectives" over the medium term in spite of crude's current volatility. Shore Capital has retained its 'buy' rating on shares of Barclays after the UK bank reported third-quarter profits well ahead of the broker's forecasts. Shore analyst Gary Greenwood said that the stock's "depressed valuation" - trading at just 0.77 times tangible net asset value of 287p - "more than compensates investors for the inherent risks in the business". Broker Liberum reiterated its 'buy' recommendation for British Land after reports the company let one floor of the 'Cheesegrater' building in London's Leadenhall Street for a record amount. Liberum said the deal underlined British Land's "success in bringing West End rents to the City core", with the building becoming a hub for insurance companies. Wealth manager St James's Place (SJP) has delivered "yet another strong quarter", according to Berenberg which repeated its positive stance on the stock on Thursday.   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