Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Wednesday, 19 November 2014 17:40:48 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Fisher Investments UK Will you be able to retire in comfort? Download the 15-Minute Retirement Plan by Fisher Investments. Click Here to Downloand London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Shares post losses after Royal Mail results Royal Mail was among heavyweights leading London shares lower on Wednesday after the former state-owned postal operator warned that rival Amazon's own delivery service could more than halve the growth potential of its parcel operation. The group, which was controversially privatised last year, predicted that Amazon's own delivery network would reduce the annual rate of growth in the UK addressable market to 1-2% for about two years. Royal Mail, which reported flat first half UK parcel revenue, dropped 24.4p to 444.8p and rival UK Mail reversed 5.5p or 1.3% to 404.5p. Alastair McCaig at spread-betting firm IG said: "The loss of Amazon's business and the company's inability to tackle bloated staffing numbers continues to be the elephant in the room of the 30% government-owned postal company." The FTSE 100 Index closed 17.85 points adrift at 6691.28 as worries about Asian consumption of commodities took the shine off metal miners. Traders also sat on the sidelines as the Bank of England revealed no change in policymakers' stance at the last meeting of the Monetary Policy Committee and as the US Federal Reserve prepared to publish its own minutes. Anglo American led the mining sector's falls with a 29p drop to 1334p, Rio Tinto was 57p off at 2947p and BHP Billiton tumbled 27p to 1633p. Randgold Resources dimmed 88p to 4340p as gold prices dropped more than 1% to around $1,179 an ounce. Product testing group Intertek declined 199p to 2454p as worsening markets affected its commodity division and oil services. Analysts have warned that oil companies could pull in their horns as the price of crude falls and they continued to suffer on Wednesday. Services group Petrofac slipped 18p to 1145p, BG Group deflated 13p to 1025.5p and Tullow Oil leaked 4.6p to 470.4p and Centrica fell 2.9p to 297.5p. Elsewhere, pub group took a hit on a government move to drop the so-called beer tie under which landlords are obliged to buy beer from the companies that lease their pubs. Enterprise Inns dropped 19.7p to 103.4p, Marston's lost its fizz by 4.3p to 142.4p, Greene King backtracked 17.5p to 768.5p and Punch Taverns retreated 25.5p to 126p.   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 2,871.61 +0.06% FTSE 100 6,696.60 -0.19% FTSE 250 15,601.88 -0.62% FTSE 100 - Risers CRH (CRH) 1,408.00p +3.00% Severn Trent (SVT) 2,081.00p +2.87% Babcock International Group (BAB) 1,118.00p +1.82% AstraZeneca (AZN) 4,766.50p +1.74% Meggitt (MGGT) 479.60p +1.35% Experian (EXPN) 998.00p +1.32% United Utilities Group (UU.) 914.50p +1.27% Weir Group (WEIR) 2,068.00p +1.27% Admiral Group (ADM) 1,218.00p +1.16% easyJet (EZJ) 1,542.00p +1.11% FTSE 100 - Fallers Royal Mail (RMG) 430.00p -8.35% Intertek Group (ITRK) 2,447.00p -7.76% Anglo American (AAL) 1,323.00p -2.93% Fresnillo (FRES) 731.00p -2.21% BHP Billiton (BLT) 1,625.00p -2.11% Rio Tinto (RIO) 2,942.00p -2.06% Smiths Group (SMIN) 1,209.00p -2.03% Randgold Resources Ltd. (RRS) 4,340.00p -1.99% IMI (IMI) 1,202.00p -1.88% Hargreaves Lansdown (HL.) 977.00p -1.86% FTSE 250 - Risers Spire Healthcare Group (SPI) 336.40p +5.12% Just Eat (JE.) 340.70p +4.90% Card Factory (CARD) 235.00p +4.17% SIG (SHI) 155.20p +3.95% IP Group (IPO) 206.00p +3.05% Big Yellow Group (BYG) 563.50p +2.92% Genus (GNS) 1,234.00p +2.83% Greencore Group (GNC) 261.00p +2.76% Go-Ahead Group (GOG) 2,545.00p +2.75% Synthomer (SYNT) 211.30p +2.03% FTSE 250 - Fallers Enterprise Inns (ETI) 102.60p -16.65% ICAP (IAP) 386.00p -10.13% Serco Group (SRP) 192.50p -8.33% PayPoint (PAY) 916.00p -5.57% Premier Oil (PMO) 233.50p -5.08% Kaz Minerals (KAZ) 248.60p -4.75% Greene King (GNK) 750.50p -4.52% Oxford Instruments (OXIG) 1,125.00p -4.50% Telecom Plus (TEP) 1,280.00p -4.33% Tullett Prebon (TLPR) 262.80p -4.12% FTSE TechMARK - Risers CML Microsystems (CML) 292.00p +8.15% Optos (OPTS) 220.00p +2.33% Phoenix IT Group (PNX) 132.50p +0.76% Sepura (SEPU) 138.00p +0.73% Gresham Computing (GHT) 78.50p +0.64% Oxford Biomedica (OXB) 4.22p +0.60% Ricardo (RCDO) 633.50p +0.56% Skyepharma (SKP) 337.00p +0.22% RM (RM.) 148.00p +0.17% Consort Medical (CSRT) 748.00p +0.07% FTSE TechMARK - Fallers Kofax Limited (DI) (KFX) 406.50p -2.28% Dialight (DIA) 798.00p -2.27% Anite (AIE) 83.75p -2.05% SDL (SDL) 386.25p -1.66% Vectura Group (VEC) 119.50p -1.44% Filtronic (FTC) 24.00p -1.03% NCC Group (NCC) 200.00p -0.99% Innovation Group (TIG) 26.25p -0.94% E2V Technologies (E2V) 170.50p -0.58% 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 little changed before Federal Reserve minutes European stocks were little changed as investors weighed meeting minutes from the Bank of England (BoE) and awaited the release of the Federal Reserve’s own. The BoE’s minutes of its 6 November meeting showed members of its Monetary Policy Committee (MPC) were divided in the central bank’s decision to keep policy unchanged, including interest rates. MPC officials Ian McCafferty and Martin Weale had suggested raising Bank Rate by 25 basis points. Economist Sam Tombs at Capital Economics said this indicated that "it might not take much positive news" for some other members to join McCafferty and Weale in voting to raise interest rates. In the US, the market will be watching the Federal Reserve closely as it releases its minutes from its 28-29 October meeting after the close. The minutes may shed further light behind the Fed’s decision to end its bond buying programme but maintain interest rates. BoJ maintains policy The Bank of Japan (BoJ) voted eight to one to maintain its policy target and maintained its cautious growth and inflation outlook. It will continue to increase its purchases of Japanese government bonds at an annual pace of about 80trn yen. It followed the BoJ’s decision at its last meeting to increase bond purchases to 80trn yen from 60-70trn yen. Since then a fall into recession has prompted Prime Minister Shinzo Abe to delay the next sales tax hike by 18 months to April 2017. The lower house of parliament has been dissolved as of 21 November and new elections have been called for December. “This combination of monetary easing by the Bank of Japan and the proposed postponing of fiscal tightening by Abe are welcome news for an economy that is battling with external disinflationary pressures and weak domestic demand,” the Centre for Economics and Business Research said. “But they will not be enough to bring Japan back to a stable growth trajectory.” ICAP slumps ICAP slid after the broker reported a 10% fall in first half pre-tax profit. BG Group declined following reports the planned sale of its largest operations in the North Sea has been put on hold. Gamesa Corporacion Tecnologica SA advanced after signing more wind contracts. The euro rose 0.12% to $1.2551. Brent crude futures increased 1.02% to $79.28 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 flat as investors await Fed's minutes US stocks were largely flat on Wednesday as investors moved cautiously ahead of the release of the minutes of the latest Federal Open Market Committee meeting. Just before 10:00 in New York, the Dow Jones Industrial Average was 0.1%, while the S&P 500 and the Nasdaq advanced 0.51% and 0.67% respectively. The minutes of the Federal Reserve's meeting from 28-29 October could shed some light on the policymakers' stance in terms of interest rates. "All in all, the key will be in whether the minutes rubber-stamp the edging up in hawkishness or whether [they] will throw the doves an olive branch," said Jim Reid, strategist at Deutsche Bank, in a note. Construction started on new US homes declined 2.8% in October, the US Commerce Department reported. The annual rate of total housing starts fell to 1.01m in October, lower than the 1.03m forecast, as the starts rate in buildings with at least five units fell 15.5%. However, the pace of overall construction starts rose 7.8% year-on-year, showing that the housing market's rebound looks set to continue. Lowe's rose after the home-improvement retailer lifted its sales outlook and its result beat forecast, while Staples gained after announcing its earnings will be as much as 32 cents a share in the fourth quarter, beating the 31 cent estimate by analysts. Target advanced after better-than-expected third quarter earnings, driven by a faster than expected growth in US sales, while Pet Smart rose after Reuters reported that KKR & Co. and Clayton, Dubilier & Rice LLC are planning to bid more than $7.5bn for the pet-care chain. Cliff Natural Resources fell sharply after announcing it was examining exit options for its Eastern Canadian iron ore operations. The dollar hit a new seven-year high against the yen but was in retreat against the pound and the euro, while gold futures advanced to $1,197.80. The yield on the 10-year US Treasury note rose four basis points to 2.36%, while the yield on the 30-year note advanced by the same margin to 3.07% and the yield on the five-year Treasuries gained five basis points to 1.65%. 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: Pub companies, IMI, National Grid Analysts at Barclays have said a de-rating of UK pub stocks is "very likely" after MPs voted to scrap the 'beer tie', meaning that tenants are now allowed an independent rent review and will be able to buy beer on the open market. "If this passes through the House of Lords and becomes law, this could have a material impact on the tenanted pub companies, Enterprise Inns and Punch Taverns," Barclays said. Analysts at broker Liberum have cut their rating for engineering group IMI from 'buy' to 'hold' on the back of a "challenging near-term outlook" with organic growth slowing down. They predict that the stock will "tread water" in the near term and have slashed their target for the shares from 1,650p to 1,350p. National Grid shares were given a small boost on Wednesday after analysts at Deutsche Bank lifted their recommendation for the utility stock from 'sell' to 'hold'.   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