| | | | | | | | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London close: Upbeat company and economic news buoys stocks London shares closed comfortably in positive territory on Tuesday on upbeat economic news and strong corporate results.
The FTSE 100 Index closed 37.16 points ahead at 6709.13 as UK house prices reached a new high in September, according to data from the Office of National Statistics (ONS).
The ONS also said UK consumer prices edged higher in October due to a smaller drop in transport costs than a year ago.
Stocks also got a boost from news that German economic sentiment rose more than forecast in November, in a positive sign for the euro-area amid a weak economy and low inflation.
Chris Beauchamp at spread-betting firm IG said: "The FTSE 100 continues to build on its gains, with increasing Eurozone optimism helping to compensate for a degree of profit-taking in the mining sector following advances yesterday."
Mining stocks were indeed on the slide, led by Rio Tinto with a 54p decline to 3004p. Antofagasta was the sector's next biggest faller with a 7p drop to 709.5p while Anglo American backtracked 9.5p to 1363p and BHP Billiton was 8.5p off at 1660p.
Shares in Prudential hit their highest level since at least 1988 before closing 16p up at 1491p as a 20% gain in UK sales helped the insurer to meet City targets.
Easyjet flew 19p lower to 1525p as analysts voiced disappointment that the budget airline failed to upgrade its profit guidance, despite hiking dividends by 35.5% to 45.4p per share.
Positive comments and a 'buy' rating from broker Liberum Capital on African explorer Tullow Oil boosted its shares by 16.3p to 475p, although Standard & Poor's downgraded its credit rating on the group to 'BB-', citing lower oil prices. |
| | Two FREE stock recommendations | | Attend our free FX webinar and receive two buy recommendations, as well as learn how to take advanage of current opportunities in the market
Register FREE, here |
| | Market Movers
techMARK 2,869.92 +0.39%
FTSE 100 6,709.13 +0.56%
FTSE 250 15,699.43 +0.32%
FTSE 100 - Risers
Tullow Oil (TLW) 475.00p +3.55%
British Sky Broadcasting Group (SKY) 890.00p +3.01%
Randgold Resources Ltd. (RRS) 4,428.00p +2.52%
Sports Direct International (SPD) 651.00p +2.44%
Burberry Group (BRBY) 1,586.00p +2.32%
Shire Plc (SHP) 4,448.00p +2.07%
AstraZeneca (AZN) 4,685.00p +1.93%
Dixons Carphone (DC.) 425.00p +1.92%
United Utilities Group (UU.) 903.00p +1.86%
Next (NXT) 6,730.00p +1.74%
FTSE 100 - Fallers
Rio Tinto (RIO) 3,004.00p -1.77%
Reckitt Benckiser Group (RB.) 5,230.00p -1.69%
Ashtead Group (AHT) 1,048.00p -1.60%
Standard Chartered (STAN) 924.20p -1.29%
easyJet (EZJ) 1,525.00p -1.23%
Meggitt (MGGT) 473.20p -1.05%
ARM Holdings (ARM) 881.00p -1.01%
Antofagasta (ANTO) 709.50p -0.98%
TUI Travel (TT.) 418.20p -0.71%
Anglo American (AAL) 1,363.00p -0.69%
FTSE 250 - Risers
Hochschild Mining (HOC) 100.20p +6.60%
Intermediate Capital Group (ICP) 443.60p +6.25%
Balfour Beatty (BBY) 164.30p +5.46%
Lonmin (LMI) 190.00p +5.15%
Centamin (DI) (CEY) 52.40p +4.80%
Evraz (EVR) 142.70p +3.56%
Just Eat (JE.) 324.80p +3.54%
Drax Group (DRX) 600.00p +3.45%
African Barrick Gold (ABG) 231.90p +3.16%
Cairn Energy (CNE) 187.30p +3.08%
FTSE 250 - Fallers
Informa (INF) 469.60p -6.92%
BBA Aviation (BBA) 343.90p -3.26%
Kaz Minerals (KAZ) 261.00p -2.94%
Enterprise Inns (ETI) 123.10p -2.92%
EnQuest (ENQ) 64.15p -2.73%
Afren (AFR) 71.10p -2.54%
Genus (GNS) 1,200.00p -2.44%
Just Retirement Group (JRG) 129.90p -2.26%
Greencore Group (GNC) 254.00p -2.23%
Nostrum Oil & Gas (NOG) 638.50p -1.77%
FTSE TechMARK - Risers
Kofax Limited (DI) (KFX) 416.00p +5.32%
Optos (OPTS) 215.00p +4.88%
CML Microsystems (CML) 270.00p +3.85%
Sepura (SEPU) 137.00p +2.43%
XP Power Ltd. (DI) (XPP) 1,427.00p +1.93%
NCC Group (NCC) 202.00p +1.25%
SDL (SDL) 392.75p +0.90%
Ricardo (RCDO) 630.00p +0.64%
Anite (AIE) 85.50p +0.59%
Skyepharma (SKP) 336.25p +0.37%
FTSE TechMARK - Fallers
Triad Group (TRD) 15.75p -12.50%
BATM Advanced Communications Ltd. (BVC) 16.25p -4.41%
Torotrak (TRK) 15.12p -3.20%
Oxford Biomedica (OXB) 4.20p -2.33%
Dialight (DIA) 816.50p -1.03%
Consort Medical (CSRT) 747.50p -0.99%
Vectura Group (VEC) 121.25p -0.61%
E2V Technologies (E2V) 171.50p -0.58%
RM (RM.) 147.75p -0.17%
|
| | WIN TICKETS TO RUGBY WORLD CUP 2015 | | Join our fantasy trading game for your chance to win money can’t buy rugby experiences and much more
Find out more here |
| | Europe Market Report | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe close: Stocks rally after UK inflation rises and German confidence improves European stocks rallied after a rise in German economic sentiment and UK inflation.
The ZEW institute's German economic confidence index jumped to 11.5 in November from -3.6 in October, ahead of the 0.5 expected by analysts, in a positive sign for Europe's biggest economy amid a weak economy and low inflation.
The data follows remarks from European Central Bank (ECB) President Mario Draghi on the possibility of buying government bonds to boost the stagnant Eurozone economy.
"November's rise in German ZEW financial investor sentiment is a relief, although the index remains at a fairly low level," said Jennifer McKeown, senior European economist at Capital Economics.
In the UK, inflation increased 1.3% year-on-year in October, compared to 1.2% a month earlier. Analysts had expected an unchanged reading.
"October's uptick in inflation is largely a function of base effects and movements in volatile categories," said Ernst & Young senior economist Martin Beck.
"Otherwise, the inflationary trend is downward and there is a good chance that the CPI measure will drop back again over the next couple of months."
The report comes before the Bank of England releases its minutes on Wednesday on its 6 November meeting.
In a lift to markets early on, Japan's Prime Minister Shinzo Abe called a 'snap election' and said he will dissolve parliament on Friday. A general election is expected to be held on 14 December.
At a press conference, hastily convened after data on Monday showed Japan had fallen back in recession, Abe also said he had decided to delay an unpopular increase to a sales tax by 18 months to April 2017.
Carmakers rise on increase in industry sales
A report by the European Automobile Manufacturers' Association showed the region's car sales rose 6.2% in October, providing a boost to Renault SA, Fiat Chrysler Automobiles NV and Volkswagen AG.
Balfour Beatty gained after saying its construction-services order book rose in the third quarter.
Wirecard AG jumped after agreeing to buy some assets from Visa.
Altice slumped on news Carlyle Group LP and Cinven Group were selling a stake valued at as much as €341.3m in the cable company.
The euro rose 0.68% to $1.2535. |
| | 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: Market little changed as US producer prices rise US stocks were flat on Tuesday, amid a muted market reaction to inflation data and better-than expected-data from Germany.
Just before 10:00 in New York, the Dow Jones Industrial Average was 4.43 points down at 17,643.32 , while the S&P 500 gained 3.15 points to 2,044.47 and the Nasdaq was 4.21 points up at 4,218.000
US producer prices rose in October, largely thanks to a spike in an erratic category that measures profit margins for wholesalers and retailers.
The 0.2% month-on-month rise in producer prices and 0.4% month-on-month gain in prices were both larger than the consensus forecasts of -0.1% and +0.1 respectively and although headline producer price index (PPI) inflation fell to 1.5% from 1.6%, core PPI inflation rose from 1.6% to 1.8%.
"The question is whether this is temporary as wholesalers and retailers just haven't got round to cutting their prices yet, or whether they are hoping that the strength of demand will mean they don't need to," said Paul Dales, senior US economist at Capital Economics.
"Our feeling is that a lot of the widening will be reversed in the coming months, although the strength of demand will mean that a more gradual and modest widening in margins takes place over the next year."
A survey from ZEW showed improved German sentiment on the economy, while Japanese Prime Minister Shinzo Abe revealed plans to call a snap election and to delay a planned sales-tax hike by 18 months, after data showed Monday the country fell into a recession.
Urban Outfitters fell after announcing late on Monday that its earnings fell 33% during the three months to October, while Home Depot slid slightly after reaffirming guidance for 2014 and announcing earnings per share of $1.15 in the third quarter.
Dick's Sporting Goods retreated after its profit dipped due to weakness in its gold and hunting segments, while Manchester United was largely stable despite posting lower revenues across all segments for its September quarter.
The 20-time English champions' revenue suffered as the club failed to qualify for the Champions League for the first time since the 1995-96 season.
The dollar fell against the pound, the yen and the euro, while gold futures advanced to $1,197.30.
The yield on the 10-year US Treasury note fell one basis point to 2.33%, while the yield on the 30-year note shed two basis points to 3.05% and the yield on the five-year treasuries dropped one basis point to 1.61%. |
| | End of year rally? What should you be buying right now? | | Get your Santa Rally report now. Click here.
Losses can exceed deposits. |
| | Broker Tips | | Broker tips: Easyjet, Tullow Oil, Balfour Beatty Charles Stanley is telling investors to keep shares in Easyjet after the budget carrier failed to upgrade its profit forecasts.
The Luton-based airline on Tuesday posted record annual profits for the fourth year in a row, though it cautioned that investment would lead to flat revenue per seat in the first half of 2015. Charles Stanley said the results were good but added: "Given the increasingly competitive market, there is no upgrade to profit estimates which may disappoint some. We maintain our recommendation at 'hold'."
Tullow Oil's share price was rising strongly on Tuesday, supported by a 'buy' call from Liberum,which downplayed the recent sell-off in the shares.
The broker said that results from two "basin-opening wells" in Kenya should be released in the next three months and would be catalysts for the stock, "but stable oil prices may be required before investor interest returns".
A third-quarter trading update from Balfour Beatty "contained a welcome lack of further bad news", according to Westhouse Securities, though the broker did continue to recommend investors to sell the stock. | | |
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