Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Monday, 05 January 2015 09:47:07 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: UK stocks rise ahead of data-heavy week, M&S falls After an initial dip, UK stocks pushed into positive territory early on Monday as traders returned to their desks after the festive holidays in an optimistic mood. London's FTSE 100 index was up 0.4% at 6,571, quickly bouncing off an intraday low of 6,522.59 reached shortly after the open. "This Monday finally sees the return of most traders from the Christmas break and also the return of the volume into these markets," said analyst James Hughes from Alpari UK. This week looks set to be fairly busy in terms of economic data, with inflation figures and purchasing managers' indices (PMIs) from the Eurozone, a Bank of England rate decision and the US jobs report all due for release. "So anyone who thought they could just ease themselves back into things with a comfortable week will have a bit of a shock coming," Hughes said. The positive start for UK markets followed an upbeat session in China overnight as the Shanghai Composite Index rose 3.6% to a new five and a half-year high amid speculation that policymakers will ease monetary policy further. Figures released last week showed that factory output growth in China slowed down in December with the government's 'official' manufacturing PMI falling from 50.3 to an 18-month low of 50.1. HSBC's own manufacturing PMI showed a contraction in the sector last month with a reading under the break-even point of 50. M&S hit by downgrade Department store chain Marks & Spencer was trading in the red on Monday after analysts at Societe Generale downgraded their recommendation for the stock from 'buy' to 'hold'. Mike van Dulken, head of research at Accendo Markets, said that M&S is expected to join others in the retail industry this week by revealing a "slump" in Christmas sales. "While M&S tends to do well with its festive food offering, falling food prices and changing habits with cost conscious consumers shopping elsewhere may have kept a lid on sales for the division," he added. GlaxoSmithKline was lower after JPMorgan Cazenove lowered the stock to 'underweight', while pharmaceutical peer AstraZeneca was upgraded by the US bank to 'neutral'. Precious metals producers Fresnillo and Randgold Resources were high risers early on as gold and silver prices rose. AIM-listed Stevia ingredients maker PureCircle moved higher after saying that launches of lower-calorie fizzy drinks by Coca-Cola and PepsiCo resulted in a 24% jump in sales in the first half. Will you be able to retire in comfort? Download the 15-Minute Retirement Plan by Fisher Investments.   Click here to download! Market Movers techMARK 2,972.20 +0.46% FTSE 100 6,571.45 +0.36% FTSE 250 16,137.43 +0.53% FTSE 100 - Risers Fresnillo (FRES) 789.00p +3.14% Carnival (CCL) 3,013.00p +2.83% International Consolidated Airlines Group SA (CDI) (IAG) 498.90p +2.44% easyJet (EZJ) 1,723.00p +2.38% Barratt Developments (BDEV) 471.00p +2.28% Ashtead Group (AHT) 1,190.00p +2.15% Aberdeen Asset Management (ADN) 441.70p +1.92% Taylor Wimpey (TW.) 137.40p +1.85% Randgold Resources Ltd. (RRS) 4,494.00p +1.84% Reckitt Benckiser Group (RB.) 5,260.00p +1.84% FTSE 100 - Fallers Marks & Spencer Group (MKS) 470.50p -1.38% BP (BP.) 405.50p -1.21% Weir Group (WEIR) 1,866.00p -0.90% Morrison (Wm) Supermarkets (MRW) 181.60p -0.87% Aggreko (AGK) 1,486.00p -0.73% GlaxoSmithKline (GSK) 1,374.50p -0.61% Royal Dutch Shell 'A' (RDSA) 2,155.00p -0.60% BG Group (BG.) 859.70p -0.52% Royal Dutch Shell 'B' (RDSB) 2,225.00p -0.47% Tullow Oil (TLW) 412.20p -0.46% FTSE 250 - Risers Hikma Pharmaceuticals (HIK) 2,086.00p +5.25% Poundland Group (PLND) 335.00p +4.10% Indivior (INDV) 153.10p +2.75% Ocado Group (OCDO) 426.50p +2.55% RPC Group (RPC) 514.50p +2.29% Ophir Energy (OPHR) 147.80p +2.28% Supergroup (SGP) 869.50p +2.11% Ted Baker (TED) 2,246.00p +2.09% Kier Group (KIE) 1,520.00p +2.01% Berkeley Group Holdings (The) (BKG) 2,514.00p +1.99% FTSE 250 - Fallers Brit (BRIT) 264.90p -2.43% Nostrum Oil & Gas (NOG) 430.70p -2.11% Zoopla Property Group (WI) (ZPLA) 195.00p -1.71% JPMorgan Emerging Markets Inv Trust (JMG) 585.00p -1.52% Spire Healthcare Group (SPI) 368.00p -1.47% Barr (A.G.) (BAG) 580.00p -1.44% Synthomer (SYNT) 234.00p -1.43% Premier Oil (PMO) 162.70p -1.21% Rank Group (RNK) 158.10p -1.19% UK Event Calendar INTERIM DIVIDEND PAYMENT DATE Amec Foster Wheeler, Dee Valley Group, Dee Valley Group (Non-Voting) QUARTERLY PAYMENT DATE Blackrock North American Income Trust QUARTERLY EX-DIVIDEND DATE JP Morgan Chase & Co INTERNATIONAL ECONOMIC ANNOUNCEMENTS Auto Sales (US) (15:00) SPECIAL DIVIDEND PAYMENT DATE Polyus Gold International Ltd UK ECONOMIC ANNOUNCEMENTS PMI Construction (09:30)   Earn an iPad Air 2 or Mini 3 Join Spreadex and trade the UK 100, EUR/USD, Wall St or GBP/USD markets to earn either an iPad Air 2 or iPad Mini 3.  Losses can exceed deposit. Click here for ull ts & cs. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks little changed amid Greek euro exit speculation European stocks were little changed amid concerns that Greece will leave the European single-currency area. German Chancellor Angela Merkel is expected to accept a Greek euro exit ahead of the Mediterranean country's elections in three weeks, according to Germany's Der Spiegel magazine. In parallel, Prime Minister Antonis Samaras said the policies of opposition party Syriza, which is leading polls, could drive Greece into default and out of the 19-nation European single currency. Syriza is gaining popularity on promises to increase wages, persuade the euro-area to write off Greek debt and boost government jobs. Meanwhile, investors will be closely watching the release of economic data out of the Eurozone this week ahead of the European Central Bank's policy decision on 22 January, when President Mario Draghi may announce full-blown quantitative easing. The central bank head said last week that the risk of deflation "cannot be entirely excluded". Consumer prices may have fallen for the first time in five years last month, data is forecast to show on Wednesday. Turning to Monday's agenda, a report at 09:30 London time is projected to reveal that Eurozone investor confidence improved in January. Germany's inflation report at 13:00 is expected to show a fall in consumer prices. In the UK, Markit's purchasing managers' index for construction in December will be released at 09:30 with analysts predicting a slowdown in growth. Energy stocks slide Energy companies, including Total SA and BP, declined after oil prices fell for a third day. Crude posted a fresh five-year low after Iraq said it will boost exports this month. Sanford C. Bernstein slashed its forecasts for Brent this year, blaming an increase in global spare capacity and a rise in inventories. Brent crude was down 1.7% to $55.46 in morning trade, according to the ICE. In other company news, Bayerische Motoren Werke AG slumped as the carmaker agreed to give 5.1bn yuan to its Chinese distributors to help cover their losses after the retailers threatened to stop ordering cars from the manufacturer. The euro fell 0.36% to $1.1959. 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 in the red after economic data The Dow Jones Industrials rose 0.06% to 17,832.99 while the S&P 500 slipped 0.03% to 2,058.20 and the Nasdaq-100 declined 0.14% to 4,230.24. US construction spending fell 0.3% month-on-month in November, coming in below consensus expectations of a 0.4% rise for a moderate boost on the month. Barclays Research added: “Taking into account the November data and revisions to prior months, the revised profile for our Q4 GDP tracking suggests state and local government spending should provide more of an offset to a Q4 contraction in federal spending than we previously expected.” The Institute of Supply Management's (ISM) manufacturing sector purchasing managers' index retreated in December to a reading of 55.5 from a reading of 58.7 in the month before. That undershot analysts' expectations for a print of 57.5. However, several industries, including textile mills, machinery and fabricated metal products, reported they were being negatively affected by the stand-off at ports on the West Coast between the US longshoremen's union and the Pacific Maritime Association. Oil prices slid as WTI crude futures closed 1.255% down to $52.61 a barrel, while Brent futures closed on a dip of about 1.667% down to $56.39 a barrel. Connor Campbell from Spreadex noted: “With global manufacturing weakening, from China to the USA to Europe, and Russia and Iraq making production gains, for oil the New Year is much the same as the Old Year: abysmal.” Over on COMEX, gold futures edged higher by 0.36% to $1,188.40 while the dollar advanced against the pound, the yen and the euro. Campbell added: "This strong dollar was also a blow to gold, as the yellow metal fell on the back of the US currency’s stellar start to the year. With the dollar continuing to negate the metal as a viable alternative investment, gold looks set to continue its poor-performance trend in the short-term." The yield on a benchmark US 10-year Treasury receded by six basis points to 2.11%. Meanwhile, in the corporate world, Vertex Pharmaceuticals advanced by 3.59% while Denbury Resources plummeted 2.58% to $7.92. S&P 500 - Risers Range Resources Corp. (RRC) $55.40 +3.65% Vertex Pharmaceuticals Inc. (VRTX) $123.07 +3.59% Laboratory Corporation of America Holdings (LH) $111.42 +3.26% Quest Diagnostics (DGX) $68.97 +2.85% EQT Corp. (EQT) $77.52 +2.40% Newmont Mining Corp. (NEM) $19.34 +2.33% Thermo Fisher Scientific Inc. (TMO) $128.12 +2.26% Ventas Inc. (VTR) $73.31 +2.25% Equity Residential (EQR) $73.41 +2.19% Netflix Inc. (NFLX) $348.94 +2.15% S&P 500 - Fallers Gannett Co. Inc. (GCI) $30.66 -3.98% Nabors Industries Ltd. (NBR) $12.49 -3.78% Staples Inc. (SPLS) $17.61 -2.81% Denbury Resources Inc. (DNR) $7.92 -2.58% Dentsply International Inc. (XRAY) $51.93 -2.52% Interpublic Group of Companies Inc. (IPG) $20.26 -2.46% Kohls Corp. (KSS) $59.59 -2.38% Omnicom Group Inc. (OMC) $75.93 -1.99% Newfield Exploration Co (NFX) $26.60 -1.92% H&R Block Inc. (HRB) $33.08 -1.78% Dow Jones I.A - Risers Visa Inc. (V) $265.02 +1.08% International Business Machines Corp. (IBM) $162.06 +1.01% AT&T Inc. (T) $33.87 +0.83% Merck & Co. Inc. (MRK) $57.19 +0.70% Microsoft Corp. (MSFT) $46.76 +0.67% Pfizer Inc. (PFE) $31.33 +0.58% Verizon Communications Inc. (VZ) $46.96 +0.42% Exxon Mobil Corp. (XOM) $92.83 +0.41% Caterpillar Inc. (CAT) $91.88 +0.38% Chevron Corp. (CVX) $112.58 +0.36% Dow Jones I.A - Fallers Home Depot Inc. (HD) $103.43 -1.47% Nike Inc. (NKE) $95.03 -1.16% General Electric Co. (GE) $25.06 -0.83% Cisco Systems Inc. (CSCO) $27.61 -0.74% Procter & Gamble Co. (PG) $90.44 -0.71% McDonald's Corp. (MCD) $93.26 -0.47% Walt Disney Co. (DIS) $93.75 -0.47% Travelers Company Inc. (TRV) $105.44 -0.39% E.I. du Pont de Nemours and Co. (DD) $73.71 -0.31% Unitedhealth Group Inc. (UNH) $100.78 -0.31% Nasdaq 100 - Risers Vertex Pharmaceuticals Inc. (VRTX) $123.07 +3.59% Vimpelcom Ltd Ads (VIP) $4.28 +2.51% Netflix Inc. (NFLX) $348.94 +2.15% Celgene Corp. (CELG) $113.52 +1.48% Mondelez International Inc. (MDLZ) $36.79 +1.28% Catamaran Corp (CTRX) $52.21 +0.89% Linear Technology Corp. (LLTC) $45.99 +0.87% Alexion Pharmaceuticals Inc. (ALXN) $186.59 +0.84% CA Inc. (CA) $30.69 +0.79% Biogen Idec Inc. (BIIB) $342.01 +0.75% Nasdaq 100 - Fallers Staples Inc. (SPLS) $17.61 -2.81% Baidu Inc. (BIDU) $223.20 -2.09% Liberty Interactive Corp (QVCA) $28.92 -1.70% Mattel Inc. (MAT) $30.47 -1.53% Twenty-First Century Fox Inc Class A (FOXA) $37.85 -1.45% CH Robinson Worldwide Inc (CHRW) $73.84 -1.40% Tesla Motors Inc (TSLA) $219.31 -1.39% Wynn Resorts Ltd. (WYNN) $146.89 -1.26% Liberty Media Corporation - Class A (LMCA) $34.85 -1.19% Comcast Corp. (CMCSA) $57.35 -1.14%   3 Recovery Stocks for 2015 2014 has been a very turbulent year for several  major stocks.  Our report will give you insight into 3  major companies  that may have turned the corner.  Click Here. Newspaper Round Up Monday newspaper round-up: ECB, UK retailers, PRA... A Financial Times survey of economists has uncovered scepticism surrounding a potential quantitative easing (QE) programme by the European Central Bank. Most economists questioned by the paper said they expected growth and inflation to remain weak even with QE. The Guardian reports that John Lewis' boss Andy Street has warned other retailers that Black Friday promotions must be kept under control in 2015, as strong demand over the promotional weekend hit Christmas profitability. A quarterly poll by Deloitte has found that the upcoming General Election is the top concern among UK companies, The Guardian says. A weakening Eurozone and possible British exit from the EU were also cited as a worry. Nearly one in six staff at the Bank of England's financial regulator, the Prudential Regulation Authority (PRA), left last year, The Telegraph writes. The annual employee turnover rate at the PRA rise to 15,4%. Simon Stevens, the head of the NHS, has said that the next government could face a "public backlash" if it fails to deliver sustained annual funding increases for the health service, reports the Financial Times. He said that "boom-bust" funding cycles are "inefficient for taxpayers and bad for patients". The Telegraph has said that UK supermarkets are sitting on more than 1,000 acres of land and are building on just 6% of it as the industry continues to struggle. Just 2.8m square feet of a total 46.61m square feet is under construction.   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