| | | | | | | | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London close: Ebola and downbeat Chinese housing data weigh on markets London shares ended Friday on a negative note amid fresh jitters about the Ebola virus and weak Chinese property data. The FTSE 100 Index closed 30.42 points adrift at 6388.73 as a New York doctor who recently returned from Ebola-hit Guinea in West Africa became the fourth case of the virus in the US.
The first decline in average home prices in 70 major Chinese cities last month since November 2012 also rattled markets.
Traders in Europe also sat on the sidelines ahead of the expected publication this weekend of the European Central Bank's stress tests on Eurozone banks.
Meanwhile, ECB president Mario Draghi called on Europe's leaders to do more to reform their economies to avoid a relapse into recession.
Back in London, official figures showed UK GDP slowing down slightly to a 0.7% pace of growth in the third quarter from 0.9% in the second.
On the corporate front, drug group Shire led the Footsie risers with a 155p tonic to 4,050p after posting higher third quarter profit.
It also voiced confidence about life as an independent company after US group Abbvie dropped its takeover bid.
But Tesco was in the red again with a 2.25p drop to 168.75p after figures showed it was the industry's biggest sales loser in the last 12 weeks.
Miners were under pressure thanks to the weak Chinese property news and the implied dim outlook for raw materials demand.
Anglo American was the sector's biggest faller with a 32p drop to 1,308p, BHP Billiton reversed 31.5p to 1,627p and Fresnillo backtracked 14p to 766.5p.
Pet shop chain Pets at Home fluffed up 7p to 179p after reporting higher first half sales and saying it was on track to hit full-year targets.
Market Movers
techMARK 2,698.40 +0.33%
FTSE 100 6,388.73 -0.47%
FTSE 250 15,089.55 -0.31% |
| | 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. |
| | FTSE 100 - Risers
Shire Plc (SHP) 4,050.00p +3.98%
Vodafone Group (VOD) 200.50p +1.85%
Standard Chartered (STAN) 1,115.00p +1.46%
Old Mutual (OML) 184.70p +0.65%
3i Group (III) 379.60p +0.56%
Lloyds Banking Group (LLOY) 76.72p +0.51%
Royal Mail (RMG) 457.80p +0.50%
Admiral Group (ADM) 1,276.00p +0.47%
RSA Insurance Group (RSA) 466.90p +0.45%
Sainsbury (J) (SBRY) 238.20p +0.42%
FTSE 100 - Fallers
Pearson (PSON) 1,139.00p -2.57%
G4S (GFS) 251.00p -2.41%
Anglo American (AAL) 1,308.00p -2.39%
Tullow Oil (TLW) 494.60p -2.16%
BHP Billiton (BLT) 1,627.00p -1.90%
InterContinental Hotels Group (IHG) 2,217.00p -1.90%
Next (NXT) 6,500.00p -1.89%
Reckitt Benckiser Group (RB.) 4,981.00p -1.85%
Fresnillo (FRES) 766.50p -1.79%
BT Group (BT.A) 370.00p -1.75%
FTSE 250 - Risers
Spectris (SXS) 1,715.00p +4.26%
Pets at Home Group (PETS) 179.00p +4.07%
Genus (GNS) 1,201.00p +3.53%
Spire Healthcare Group (SPI) 278.00p +3.27%
Telecom Plus (TEP) 1,423.00p +3.19%
NMC Health (NMC) 488.90p +2.93%
Daejan Holdings (DJAN) 5,025.00p +2.93%
Just Retirement Group (JRG) 131.50p +2.90%
Cranswick (CWK) 1,340.00p +2.68%
Rank Group (RNK) 165.00p +2.48%
FTSE 250 - Fallers
Hochschild Mining (HOC) 113.00p -5.04%
IP Group (IPO) 187.50p -4.77%
Hikma Pharmaceuticals (HIK) 1,813.00p -4.58%
Kazakhmys (KAZ) 230.30p -4.44%
Debenhams (DEB) 60.85p -4.02%
Foxtons Group (FOXT) 158.60p -3.88%
Cairn Energy (CNE) 152.10p -3.73%
Ladbrokes (LAD) 116.90p -3.47%
Senior (SNR) 257.10p -3.27%
Wood Group (John) (WG.) 668.00p -3.19% |
| | £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 |
| | Europe Market Report | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe close: Stocks end on a mixed note European equities finished the Friday session on a mixed note as investors kept their cards close to their chests ahead of the European Central Bank’s (ECB) ‘stress tests’ which were due out this weekend. The ECB’s so-called Asset Quality Review (AQR) were to show that 25 lenders were set to fail, according to at least three ‘leaks’ which found their way to the trading floors with 90 minutes left until the end of trading in the European session. Investor sentiment had been weighed down throughout the day by news of an Ebola case – but not contagion – in New York and a report that Chinese house prices fell in September. Analysts stressed however that it was not a case of contagion but rather of a healthcare worker recently returned from travels in Africa. At the closing bell the Dax 30 was lower by 59.51 points to 8,987.80, although the FTSE Mibtel had managed to turn around from earlier to finish higher by 0.31% and the Ibex 35 by another 0.05%. Volvo moves sharply higher Shares in Swedish truck-maker Volvo rocketed 7% after the company announced a 54% increase in its cost-cutting target. German chemicals giant BASF predicted it would no longer hit its profit targets for 2015. From a sector stand-point the worst performance on the DJ Stoxx was being seen in the following industrial groups: Oil&Gas (-1.37%), Basic Resources (-1.33%) and Chemicals (-1.16%). German consumer confidence edges higher An index of German consumer confidence rose to a reading of 8.5 points in November, after a print of 8.4 in the month before (consensus: 8), survey compiler GfK said. Crude futures slip Front month Brent crude futures were lower by 0.47% to $86.42 per barrel on the ICE. The euro/dollar was edging higher by 0.13% to 1.2663. |
| | 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 amid renewed Ebola fears, while Ford and Amazon drop US stocks were largely unchanged on Friday, as investors looked to be worried by reports of the first Ebola case in New York, while the focus remained on company results. At 9:54 New York Time, the Dow Jones Industrial Average was up 19.69 points to 16,697.59, while the S&P 500 rose 1.05 points to 1,951.87 and the Nasdaq was 10.00 points up to 4,462.40.
News emerged late on Thursday that a New York doctor resulted positive to the Ebola virus after returning from West Africa, making him the first confirmed case in the city. Authorities immediately moved to reassure the public that he's been monitored and that the risk of contagion is minimal but travel-related stocks, which have been the hardest hit by the concerns about the virus, remained under pressure.
Investors were also adopting a cautious approach ahead of the release of results from the European Union's stress tests for banks, which are set to be released during the weekend, and could provide further proof of a slowdown in growth in the Eurozone.
Meanwhile, sales of new homes in September edged slightly forward reaching a six-year high even though purchases in August were revised downward. According to data released by the Commerce Department on Friday, ew homes sold at an annual rate of 467,000 in September, compared to a revised 466,000 in August, while analysts had forecast sales to fall to a seasonally adjusted 455,000.
In corporate news, Procter & Gamble shares climbed before the bell after the consumer-goods giant announced plans to get out of its Duracell battery business, while its quarterly-adjusted earnings of $1.07 a share met analyst expectations.
Bristol-Myers Squibb Co. rose after the firm's adjusted earnings of 45 cents for the third quarter exceeded Wall Street's estimate by 2.0 cents a share but the drug maker lowered its full-year 2014 estimate for net earnings per share, though it confirmed its adjusted earnings per share outlook of $1.70 to $1.80.
Microsoft rose over 3% in pre-market trading, after the computer giant posted financial first-quarter earnings of 54 cents a share on revenue of $23.2bn, exceeding analysts' expectations of 49 cents a share on revenue of $22.01bn.
Ford shares dropped after the car-maker's third-quarter profit fell to $835m and pre-tax profit fell to $1.18bn, though both figures beat Wall Street's estimates, while Amazon dropped 10% before the bell after announcing late on Thursday, that its third-quarter loss was bigger than previously anticipated, while projected sales growth fell below expectations.
Gold futures edged slightly forward to $1,233.10, while the price of West Texas intermediate crude fell over 1.5% to $80.7 a barrel.
The yield on the 10-year Treasury note fell three basis points to 2.25%, while the yield on the 30-year note declined by the same margin to 3.02 and the yield on the five-year Treasury note dropped one basis point to 1.48.
The dollar was in retreat against the euro, pound and yen. |
| | At The World MoneyShow London, 7-8 November 2014.
You will hear from 30+ top investing and trading experts in person; receive the newest share, fund, and ETF recommendations for the UK and beyond; and all told, will find more reliable portfolio advice here than is available anywhere else! That’s why this event has won top honours for both investors and traders for 7 years running!
Click Here to Register |
| | Broker Tips | | Broker tips: Shell, TSB, Pets at Home Recent falls in the share price of Royal Dutch Shell mean that the oil major is now worth a 'buy', according to UBS which removed its 'neutral' rating on the stock on Friday.
"We contend that the sell-off of in energy shares has been fairly indiscriminate and provides an attractive entry point for an improving long-term investment case such as Shell with relatively robust earnings/cash flows and good downside protection provided by the dividend," UBS said.
Investec has repeated its 'buy' recommendation for TSB after a decent third quarter from the challenger bank, with the broker reiterating its excitement about prospects for "mortgage-led growth" in 2015.
Analyst Ian Gordon pointed out that TSB's shares have fallen 12% over the past 10 weeks, compared with declines of just 4-5% for the other listed domestic banks, and is now regarded as "oversold". While not his top pick in the sector, Investec analyst Ian Gordon said TSB is a "defensive, low-risk alternative investment".
A second-quarter update from pet shop chain Pets at Home was received well by the market on Friday, though analysts at Oriel Securities kept a 'reduce' rating on the stock, recommending investors to "sell into any strength". | | |
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