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| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks unchanged ahead of Eurozone CPI, US GDP UK stocks opened more or less flat on Friday as investors treaded cautiously ahead of some key economic data, including consumer price figures in the Eurozone and growth estimates in the States. London's FTSE 100 was down just 0.04% at 6,808 early on.
The release of the Eurozone consumer-price index (CPI) is likely to be the main event of the morning for UK markets, amid expectations that the region fell further into deflation this month.
Consumer prices are expected to have fallen by an annual rate of 0.5% in January, after a 0.2% fall in December, adding pressure on the European Central Bank to act to stem falling prices and boost growth.
Data released on Thursday showed that Germany, the Eurozone's largest economy, officially fell into deflation this month.
The preliminary estimate of fourth-quarter US gross domestic product (GDP) is due out later on and is forecast to show that the annualised rate of expansion eased to 3% from 5% in the third quarter.
UK mortgage approvals and the University of Michigan US consumer-confidence index will also be in focus on Friday.
Qatar Airways invests in IAG, miners gain
British Airways and Iberia owner International Airlines Group (IAG) was higher after it was revealed that Qatar Airways has bought a 9.99% stake in the company. "We're delighted to have Qatar Airways, one of the world's premier airlines, as a long-term supportive shareholder," said chief executive Willie Walsh.
Mining stocks were performing well with Fresnillo and Randgold advancing after heavy falls on Thursday. Anglo American, BHP Billiton and Rio Tinto were also higher.
Telecoms giant BT declined despite beating analysts forecasts with a solid rise in profits in its third quarter, as it announced a new 16-year "recovery plan" to pay down its expanding pension deficit, which now stands at £7bn. The company also revealed that it would upgrade its fibre network with large-scale pilots this summer of ultrafast broadband with G.fast.
Supermarket stocks were also under pressure, with Sainsbury, Morrison and Tesco among the worst performers.
Oilfield services group Petrofac gained after Exane BNP Paribas upgraded its rating on the stock to 'outperform', though it did cut its target from 1,050p to 850p. Kingfisher declined after the same broker cut the DIY retailer to 'neutral'. |
| | Market Movers
techMARK 3,079.76 -0.09%
FTSE 100 6,807.69 -0.04%
FTSE 250 16,399.45 +0.25%
FTSE 100 - Risers
Weir Group (WEIR) 1,686.00p +2.43%
Fresnillo (FRES) 880.00p +2.03%
Dixons Carphone (DC.) 432.60p +1.98%
Randgold Resources Ltd. (RRS) 5,520.00p +1.84%
Anglo American (AAL) 1,115.00p +1.59%
InterContinental Hotels Group (IHG) 2,691.00p +1.24%
Royal Mail (RMG) 439.80p +1.17%
BHP Billiton (BLT) 1,428.50p +1.06%
easyJet (EZJ) 1,895.00p +1.01%
Whitbread (WTB) 5,050.00p +1.00%
FTSE 100 - Fallers
Sainsbury (J) (SBRY) 258.10p -2.16%
Morrison (Wm) Supermarkets (MRW) 181.50p -1.84%
BT Group (BT.A) 421.50p -1.77%
Hargreaves Lansdown (HL.) 1,022.00p -1.06%
Tesco (TSCO) 224.80p -0.97%
Severn Trent (SVT) 2,179.00p -0.91%
Royal Dutch Shell 'A' (RDSA) 2,041.50p -0.90%
Royal Dutch Shell 'B' (RDSB) 2,119.50p -0.87%
Diageo (DGE) 2,005.00p -0.87%
Antofagasta (ANTO) 649.50p -0.84%
FTSE 250 - Risers
Afren (AFR) 4.50p +7.14%
Greencore Group (GNC) 311.00p +2.64%
Lonmin (LMI) 164.50p +2.17%
Britvic (BVIC) 709.00p +2.16%
Petrofac Ltd. (PFC) 682.00p +2.02%
Ophir Energy (OPHR) 131.00p +1.95%
AL Noor Hospitals Group (ANH) 909.50p +1.85%
Halfords Group (HFD) 445.00p +1.83%
Enterprise Inns (ETI) 106.60p +1.81%
Howden Joinery Group (HWDN) 437.30p +1.75%
FTSE 250 - Fallers
Rank Group (RNK) 172.40p -3.15%
Vedanta Resources (VED) 360.00p -2.96%
Nostrum Oil & Gas (NOG) 584.00p -2.42%
Cobham (COB) 336.00p -2.13%
IP Group (IPO) 229.10p -1.88%
Brit (BRIT) 259.80p -1.78%
Go-Ahead Group (GOG) 2,481.00p -1.63%
Evraz (EVR) 170.20p -1.45%
Alent (ALNT) 360.70p -1.29% |
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| | UK Event Calendar | | Friday 30 January
INTERIM DIVIDEND PAYMENT DATE
Aberdeen New Dawn Investment Trust, Downing Structured Opportunities VCT 1 'D' Shares, F&C Global Smaller Companies, Latham (James), Monks Inv Trust, Poundland Group , Scholium Group, Speedy Hire, Vianet Group
QUARTERLY PAYMENT DATE
British Assets Trust, CQS Diversified Fund Ltd Ord NPV £, F&C Commercial Property Trust Ltd., Middlefield Canadian Income PCC, Schroder Income Growth Fund, Torchmark Corp.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Chicago PMI (US) (14:45)
GDP (Advance) (US) (13:30)
International Reserves (EU) (11:00)
Retail Sales (GER) (07:00)
U. of Michigan Confidence (Final) (US) (14:55)
Unemployment Rate (EU) (10:00)
Q3
BT Group
SPECIAL DIVIDEND PAYMENT DATE
European Investment Trust
EGMS
Blackrock Hedge Selector Ltd. Red Part Shs (UK Emerging Co Shs), Nord Gold NV GDR (Reg S), Sefton Resources Inc.
AGMS
Caledonian Trust, Henderson European Focus Trust, Schroder UK Mid Cap Fund, Scottish Inv Trust, Treatt
TRADING ANNOUNCEMENTS
Eclectic Bar Group, Fuller Smith & Turner
UK ECONOMIC ANNOUNCEMENTS
Consumer Confidence (09:30)
Consumer Credit (09:30)
GFK Consumer Confidence (00:05)
M4 Money Supply (09:30)
M4 Sterling Lending (09:30)
Mortgage Approvals (09:30)
FINAL DIVIDEND PAYMENT DATE
Alternative Networks, Catco Reinsurance Opportunities Fund Ltd (DI), Character Group, DotDigital Group, European Investment Trust, Jelf Group, Lowland Investment Co, Standard Life European Private Equity Trust, Topps Tiles |
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| | Europe Market Report | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks rally ahead of Eurozone inflation figures European stocks advanced ahead of the release of figures which are expected to show the Eurozone entered further into deflation in January. Eurostat figures are forecast to show Eurozone consumer prices fell 0.5% year-on-year in January after declining 0.2% a month earlier. It comes after a report revealed German consumer prices dropped 0.3% in January, more than the 0.1% fall that was expected and compared to the prior month's 0.2% gain.
Depressed oil prices have dragged consumer prices lower across the globe. Oil prices have fallen by almost 60% since June due in part to the boom in US shale production.
Brent crude futures rose 0.16% to $49.21 per barrel in morning trade, according to the ICE.
The European Central Bank (ECB) this month announced a €60bn-a-month stimulus programme to help push inflation towards its target of just below 2%.
Elsewhere in the euro-area, the market is keeping a close watch on Greece as the newly elected government lays its plans of the debt-ridden nation.
European Parliament President Martin Schulz has said the Syriza party will seek common ground with its EU partners as it tries to renegotiate its financial bailout.
The euro rose 0.20% to $1.1343 in morning trade.
In the US, a report on gross domestic product (GDP) is expected to show economic growth slowed in the fourth quarter. Analysts predict GDP rose an annualised 3% compared to a 5% gain the previous quarter.
The US also sees the release of the University of Michigan's consumer confidence index and personal consumption data.
Among companies, International Consolidated Airlines (IAG) climbed after Qatar Airways bought a 9.99% stake in the British Airways owner. |
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| | US Market Report | | US close: Stocks rally after strong unemployment data US stocks rallied on Thursday, buoyed by a better-than-expected jobless claims report and by a rebound in oil prices.
The Dow Jones Industrial Average closed 225.48 points up at 17,416.85, while the S&P 500 and the Nasdaq rose 0.95% and 0.98% respectively.
Jobless claims dropped to just 265,000 in the week ended 24 January, the lowest since April 2000. Analysts had expected claims to fall to 296,000 from 307,000 the previous week. The 43,000 decline was the biggest plunge since November 2012.
"The continued improvement in unadjusted claims data from year-ago levels is consistent with our view that labor markets remain solid," analysts at Barclays said in a note.
"We look for claims data to reflect this underlying strength in coming weeks as seasonal volatility dissipates, albeit at a more measured pace than this morning's data."
Meanwhile, pending home sales slipped 3.7% in December, which the National Association of Realtors (NAR) attributed to fewer homes available for sale and a slight rise in prices. However, the year-on-year gain was 11.7%, the highest since June 2013.
"With interest rates at lows not seen since early 2013, the strength in existing-sales in upcoming months will largely depend on the willingness of current homeowners to realise their equity gains from the past couple years and trade up," said Lawrence Yun, chief economist of the NAR.
In corporate news, Alibaba Group Holding fell 8.78% after the Chinese e-commerce company reported quarterly revenue falling short of expectations.
McDonald's gained 5.06% after the fast-food chain said its chief executive officer would be replaced by its chief brand officer on 1 March, while Qualcomm dropped 10.28% after the chip manufacturer cut its fiscal 2015 outlook and Ford Motor climbed after the car manufacturer's quarterly earnings beat estimates.
Yahoo! fell 5.88%, while Boeing rose 5.83%, while Facebook rose 2.31% after the social-networking company on Wednesday reported results that were slightly above consensus.
The dollar rose by 0.5% and 0.65% against the pound and the yen respectively but fell against the euro, while gold futures fell by over 2% to $1,255.80.
Oil prices rebounded, with West Texas Intermediate gaining just over 0.2%, while Brent crude rose over 1.3%, with the former closing at just over $44.5 a barrel and the latter at just over $49 a barrel.
S&P 500 - Risers
Harman International Industries Inc. (HAR) $125.01 +23.76%
Varian Medical Systems Inc. (VAR) $94.04 +8.69%
Coach Inc. (COH) $38.94 +6.80%
PulteGroup Inc. (PHM) $21.82 +6.03%
Colgate-Palmolive Co. (CL) $69.03 +6.00%
Air Products & Chemicals Inc. (APD) $146.99 +5.88%
Boeing Co. (BA) $147.78 +5.83%
Alexion Pharmaceuticals Inc. (ALXN) $188.11 +5.81%
Stanley Black & Decker Inc. (SWK) $95.57 +5.59%
McDonald's Corp. (MCD) $93.27 +5.06%
S&P 500 - Fallers
QUALCOMM Inc. (QCOM) $63.69 -10.28%
Diamond Offshore Drilling Inc. (DO) $30.73 -6.48%
Yahoo! Inc. (YHOO) $43.73 -5.88%
Vertex Pharmaceuticals Inc. (VRTX) $114.14 -5.87%
Transocean Ltd. (RIG) $15.77 -4.37%
Rowan Companies plc (RDC) $20.28 -4.34%
Hershey Foods Corp. (HSY) $103.29 -4.08%
Helmerich & Payne Inc. (HP) $57.46 -3.70%
GameStop Corp. (GME) $36.27 -3.56%
Freeport-McMoRan Inc (FCX) $16.83 -3.39%
Dow Jones I.A - Risers
Boeing Co. (BA) $147.78 +5.83%
McDonald's Corp. (MCD) $93.27 +5.06%
Home Depot Inc. (HD) $107.62 +2.75%
International Business Machines Corp. (IBM) $155.48 +2.59%
Microsoft Corp. (MSFT) $42.01 +1.99%
Goldman Sachs Group Inc. (GS) $175.99 +1.70%
JP Morgan Chase & Co. (JPM) $55.67 +1.68%
Nike Inc. (NKE) $94.87 +1.67%
Cisco Systems Inc. (CSCO) $27.21 +1.51%
E.I. du Pont de Nemours and Co. (DD) $72.71 +1.39%
Dow Jones I.A - Fallers
Chevron Corp. (CVX) $103.00 -0.68%
Exxon Mobil Corp. (XOM) $87.58 -0.42%
United Technologies Corp. (UTX) $116.45 -0.40%
Pfizer Inc. (PFE) $31.83 -0.38%
Travelers Company Inc. (TRV) $104.54 -0.04%
Caterpillar Inc. (CAT) $80.00 -0.01%
Nasdaq 100 - Risers
Alexion Pharmaceuticals Inc. (ALXN) $188.11 +5.81%
Tractor Supply Company (TSCO) $83.29 +4.30%
Apple Inc. (AAPL) $118.90 +3.11%
Tesla Motors Inc (TSLA) $205.20 +2.92%
Dish Network Corp. (DISH) $73.44 +2.67%
Citrix Systems Inc. (CTXS) $60.75 +2.64%
Amazon.Com Inc. (AMZN) $311.78 +2.59%
Nvidia Corp. (NVDA) $19.78 +2.43%
Facebook Inc. (FB) $78.00 +2.31%
Micron Technology Inc. (MU) $29.71 +2.11%
Nasdaq 100 - Fallers
QUALCOMM Inc. (QCOM) $63.69 -10.28%
Yahoo! Inc. (YHOO) $43.73 -5.88%
Vertex Pharmaceuticals Inc. (VRTX) $114.14 -5.87%
Comcast Corp. (CMCSA) $53.87 -1.32%
Paychex Inc. (PAYX) $46.38 -1.06%
Sandisk Corp. (SNDK) $77.47 -0.74%
Liberty Interactive Corp (QVCA) $27.75 -0.72%
Mylan Inc. (MYL) $54.89 -0.63%
Catamaran Corp (CTRX) $50.76 -0.55% |
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| | Newspaper Round Up | | Friday newspaper round-up: Big Six, UK deflation, Heathrow plans... Energy firms will boost their profits by £37 per household in 2015 due to the decrease in gas prices, new data has revealed in a further push for the Big Six to slash bills. The Telegraph wrote that despite recent price cuts, pre-tax profits for 2015 could so far rise almost 50% to £114 per household from £77 in 2014.
Analysts fear that Britain could fall into deflation after government borrowing costs hit their lowest level on Thursday, reported The Times. The paper wrote that yields on benchmark ten-year gilts fell below 1.4% after the Bank of England governor said inflation would become negative for some time.
Heathrow is one step closer to building a third runway since business group EEF supported the bid, wrote City A.M.
Digital money will be the most popular payment method by March 2015, overtaking banknotes and coins, according to The Times. New research suggests that there will be 400m fewer cash transactions in 2015 than 2014.
An independent cinema operator called The Light has taken on big business, raising £5.2m to purchase a nine-screen multiplex in Cambridge from the UK's largest cinema chain Cineworld, The Telegraph reported.
House prices are dropping in one third of the UK as home buyers await the upcoming election results, according to The Telegraph. The threat of mansion tax as put the high-end market on hold, while the market as a whole has lowed down since Christmas.
In the last 20 years railways journeys have doubled in Britain, with a record high of 1.3bn in 2014. More than half of these journeys involve passengers commuting within or to central London, The Times wrote.
Former justice secretary Kenny MacAskill has attacked local councils for collecting old poll tax. He said they had no common sense and should abolish all historical poll tax debts, according to The Times. | | |
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