Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Friday, 27 February 2015 17:39:43 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 close: Stocks inch lower as US data and comes in mixed Despite setting a new intraday record just before the close, the FTSE 100 finished just a few points lower on Friday as investors took profits after a batch of mixed economic data from the States. The Footsie ended the session down 3.07 points at 6,946.66, down just 0.04% from the all-time closing high of 6,949.73 reached on Thursday. The index rose as high as 6,962.51 in afternoon trade - the highest it has ever reached. It was also a subdued start for stocks on Wall Street as a barrage of economic figures with the Dow Jones Industrial Average and S&P 500 also fluctuating near record highs. Annualised US gross domestic product (GDP) for the fourth quarter of 2014 was revised to 2.2% from the 2.6% originally estimated, but came in ahead of the +2.0% forecast; US pending home sales increased by a less-than-expected 6.5%; while the final reading of the February University of Michigan US consumer confidence index was revised higher to 95.4 but was still down from the 11-year high of 98.1 in January. "Whilst this data didn't cause a precipitous fall, it cemented a weak end the month after the US markets had seen such explosive gains as late as Tuesday," said Connor Campbell from Spreadex. Not even the news that German parliament officially approved Greece's request for a bailout extension could lift stocks, with the impact relatively muted impact given that a 'yes' vote had been widely expected. IAG, StanChart and Lloyds rise, Intu and RBS drop British Airways owner International Consolidated Airlines was flying higher after reporting operating earnings 80.5% higher at £1.4bn for 2014, thanks partly to cheaper fuel, while its Iberia division swung from a loss to a profit. chief executive Willie Walsh said the Spanish unit's "turnaround has been remarkable". Emerging markets-focused bank Standard Chartered was also up after unveiling a boardroom shake-up on Thursday, which included the departure of its chief executive, chairman and four other directors. The news prompted Canaccord Genuity to lift its rating on the stock from 'sell' to 'hold'. UK lender Lloyds was trading higher despite 2014 results coming in below expectations, as investors celebrated the company's resumption of a dividend for the first time in six years. UK shopping centre owner Intu Properties declined after a fall in rents led to a 2.9% fall in underlying earnings per share, disappointing the City which had expected no change. RBS' share price was spending another day in the red on Friday as analysts reacted to the bank's worse-than-expected 2014 results the previous session. Analysts at Deutsche Bank, Barclays Capital and Societe Generale lowered their price targets for the stock on Friday, with the latter cutting its recommendation to 'sell'. Meanwhile, shares in retinal imaging group Optos surged 31% after a cash offer from Nikon for £259m. Market Movers techMARK 3,160.27 -0.18% FTSE 100 6,946.66 -0.04% FTSE 250 17,273.82 +0.14%   Exclusive Oil Investment with potential 43.56% annual returns Download your free investment guide, click here. FTSE 100 - Risers International Consolidated Airlines Group SA (CDI) (IAG) 580.00p +3.66% Associated British Foods (ABF) 3,125.00p +2.49% Intertek Group (ITRK) 2,530.00p +2.43% InterContinental Hotels Group (IHG) 2,650.00p +2.12% Imperial Tobacco Group (IMT) 3,193.00p +2.08% Pearson (PSON) 1,420.00p +1.72% Standard Chartered (STAN) 991.00p +1.54% Kingfisher (KGF) 365.40p +1.42% Reckitt Benckiser Group (RB.) 5,860.00p +1.21% St James's Place (STJ) 948.00p +1.17% FTSE 100 - Fallers Intu Properties (INTU) 353.50p -5.10% Royal Bank of Scotland Group (RBS) 367.20p -5.02% Barclays (BARC) 256.90p -1.98% Weir Group (WEIR) 1,704.00p -1.73% Aberdeen Asset Management (ADN) 468.60p -1.53% Royal Mail (RMG) 420.40p -1.52% Meggitt (MGGT) 545.00p -1.45% Friends Life Group Limited (FLG) 411.10p -1.34% BG Group (BG.) 958.00p -1.24% Aviva (AV.) 539.00p -1.19% FTSE 250 - Risers Allied Minds (ALM) 595.00p +15.98% Rightmove (RMV) 3,029.00p +13.36% PZ Cussons (PZC) 337.80p +6.97% Just Retirement Group (JRG) 177.40p +4.72% Rentokil Initial (RTO) 135.30p +4.40% FirstGroup (FGP) 105.40p +3.94% Moneysupermarket.com Group (MONY) 273.70p +3.67% Card Factory (CARD) 285.00p +3.56% National Express Group (NEX) 284.10p +3.35% Synthomer (SYNT) 292.10p +3.14% FTSE 250 - Fallers Afren (AFR) 8.61p -10.55% Berendsen (BRSN) 1,100.00p -4.35% Hikma Pharmaceuticals (HIK) 2,473.00p -3.74% Redefine International (RDI) 56.20p -3.44% William Hill (WMH) 377.70p -3.28% Alent (ALNT) 352.40p -3.08% PayPoint (PAY) 859.00p -3.05% IMI (IMI) 1,381.00p -3.02% Saga (SAGA) 184.00p -3.00% High yielding, city centre investment opportunity Get 10% fixed returns for up to 5 years and earn interest from day 1. Demand for property in Manchester City Centre has boomed, and this property investment opportunity is one not to be missed Click here to find out more Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks gain on Greek bailout extension approval, unexpected rise in German inflation European stocks gained after Germany approved Greece's bailout extension and after a report showed German inflation rose expectedly in February. The Greek extension, which was approved by its Eurozone creditors last week, was passed easily through German parliament despite a number of MPs raising concerns about the deal. German preliminary consumer price index (CPI) inflation rose 0.1% year-on-year in February, compared with expectations of a 0.3% contraction and after a 0.4% decline in January. "Eurozone inflation is likely to stay very weak in the first half of the year before base effects, and the lower euro exchange rate return rates into modest positive territory," said Rob Wood, chief UK economist at Berenberg. "A return to the European Central Bank's 2% target remains a distant prospect." The euro rose 0.10% to $1.1209. US GDP eases US gross domestic product in the fourth quarter slowed to 2.2% growth from 2.6% in the previous quarter, but above analysts' expectations of a 2% reading. Pending US home sales rose to the highest level since 2013 in January, according to the National Association of Realtors (NAR). The home sales index climbed 1.7% from an upwardly revised December level, while sales increased 8.4% year-on-year. US consumer confidence declined in February, retreating from an 11-year high in the wake of rises in fuel costs and severe winter weather in parts of the country. The University of Michigan final index of sentiment dropped for the first time in seven months, declining to 95.4 in February from the previous month's reading of 98.1, which was the highest reading since the start of 2004. Airbus and IAG rally Airbus gained as the European aerospace company posted a 15% increase in annual profit, boosted by higher commercial plane deliveries. International Consolidated Airlines (IAG) edged higher as the parent of British Airways said full-year earnings jumped 81%, supported by a turnaround at Iberia. Salzgitter AG slumped as the steelmaker posted a third consecutive annual loss. Solvay jumped as it reported quarterly net income that exceeded analysts' estimates. Sika AG advanced as the Swiss adhesives maker turned down a takeover offer by Cie. de Saint-Gobain SA and reported better-than-expected full-year earnings. Royal Bank of Scotland Group slid amid reports the lender has suspended its deputy head of markets as part of an investigation into currency-rigging claims. 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: Dow and S&P dip slightly as fourth quarter GDP declines US stocks edged lower on Friday, after data showed that US growth had declined slightly in the fourth quarter. Just before 10:00 in New York, the Dow Jones Industrial Average fell 0.11%, while the S&P 500 declined 0.03% and the Nasdaq edged forward 0.02%. US gross domestic product in the fourth quarter fell to 2.2% from a 2.6% in the previous quarter, but above analysts' expectations of a 2.0% reading. However, analysts were quick to dismiss the slowdown as a minor hiccup which was unlikely to worry US policymakers. "Growth is certainly more sluggish than it was at the end of last year, but the US economy is still a shining beacon compared with other developed economies," said Dennis de Jong, managing director at UFX.com. "There has been some slightly disappointing data this week and the Fed will be eager to see things pick up over the next few months. "However, the oil crisis will continue to play havoc with the markets and the global economy remains in a precarious situation." De Jong's comments were echoed by Markit's chief economist Chris Williamson, who claimed the slowdown was unlikely to worry Fed policymakers, who remained likely to "keep calm and carry on" with contemplating an initial rate hike in the summer, possibly as early as June. Meanwhile, US personal consumption declined slightly in the fourth quarter to 4.2%,while analysts had expected it to hold steady at 4.3%. Following a data-heavy morning, which is completed by the Chicago PMI and University of Michigan Confidence survey released at 14:45 and 15:00 GMT respectively, William Dudley, the president of the New York Fed, and Cleveland Fed President Loretta Mester will both speak at 16:00 GMT, while Fed Vice Chairman Stanley Fischer will speak at 18:30 GMT. In company news, JC Penney plummeted 13.49% after the retailer posted a surprise fourth quarter loss, while Apple fell 0.36% after Ericsson AB said it would sue the iPhone maker for allegedly infringing on 41 patents that are crucial to the functionality of its devices. Gap rose 1.81% after the apparel company announced buybacks and a dividend increase late Thursday, while Monster Beverage surged 13%. Gold futures fell 0.10% to $1,208.90, while the dollar slid slightly against the pound and the yen and dropped just over 0.2% against the euro. Trade effectively using charts - Candlesticks Trading Guide In our candlesticks trading guide, you'll learn what candlesticks are, the different types of candlesticks and what they mean.  Download your FREE guide, click here. Broker Tips Broker tips: Lloyds, RBS, Rightmove Shares in banking group Lloyds edged higher on Friday after shareholders celebrated their first dividend payment in six years, though weaker-than-expected results prompted Shore Capital to retain a 'hold' rating on the stock. The broker said: "Based on last night's closing price of 78.5p, the shares are trading on a 43% premium to their end of December 2014 TNAV of 54.9p, with a prospective 2015 price-to-earnings ratio of 9.5x and dividend yield of 4.5% based on our current estimates. We see fair value around 80p (2% upside) and hence stick with our neutral stance." RBS' share price was spending another day in the red on Friday after analysts reacted to the bank's worse-than-expected 2014 results, with JPMorgan Cazenove cutting its price target on the stock from 400p to 385p. The broker, which retained a 'neutral' rating on the shares, said upside is "limited" with the stock trading in line with its tangible net asset value, though "management have chosen a strategy that provides a clear path to returning cash to shareholders over time". Canaccord Genuity has upgraded its rating on real estate portal Rightmove from 'hold' to 'buy' after a better-than-expected set of annual results on Friday.   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. 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Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Friday, 27 February 2015 10:14:03 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: Stocks flat early on ahead of German vote and economic data Strong gains from Lloyds, IAG and Old Mutual were not enough to lift markets on Friday as UK stocks held steady near record levels. The FTSE 100 was trading 0.07% lower at 6,945.11, after having settled at an all-time closing high of 6,949.73 on Thursday. Markets were directionless early on ahead of a barrage of economic data due out during the session, along with a German decision on whether or not to approve the Greek bailout extension. "Whilst Germany is likely to vote 'yes' to the extension, this process has revealed just how strained relationships are between the two countries, something that doesn't bode well for when this issue inevitably arises once more in four months' time (or sooner)," said Connor Campbell from Spreadex. There will be plenty on the economic data schedule for investors to digest on Friday, including German retail sales, UK and US consumer confidence, German inflation and US gross domestic product (GDP). As for US GDP, analysts are predicting revised estimates to show 2% annualised growth in the fourth quarter, down from the initial estimate of 2.6%. Lloyds, IAG and Old Mutual rise Investors at Lloyds celebrated the company's resumption of a dividend for the first time in six years, even if 2014 results came in below expectations. Statutory profits before tax roared more than fourfold higher to £1.8bn, but came in well shy of the consensus expectation for £2.6bn. Sector peer RBS however was extending declines after missing forecasts with its annual results on Thursday. BA owner IAG was flying higher after reporting operating earnings 80.5% higher at £1.4bn for 2014, thanks partly to cheaper fuel, while its Iberia division swung from a loss to a profit. chief executive Willie Walsh said the Spanish unit's "turnaround has been remarkable". Improving economic growth in Britain and the US saw insurance and investment group Old Mutual report a better-than-expected 16% increase in its operating profit for 2014, after a year of significant strategic development. UK shopping centre owner Intu Properties declined after a fall in rents led to a 2.9% fall in underlying earnings per share, disappointing the City which had expected no change. Diversified mining group Rio Tinto underwhelmed with plans to streamline its product groups and corporate functions, dividing up its energy division as it looks to cut costs and simplify its structure. Other miners such as Randgold and Fresnillo were also weaker early on. Meanwhile, shares in retinal imaging group Optos surged 30% after a cash offer from Nikon for £259m. Market Movers techMARK 3,161.85 -0.13% FTSE 100 6,945.11 -0.07% FTSE 250 17,247.38 -0.01% FTSE 100 - Risers International Consolidated Airlines Group SA (CDI) (IAG) 586.00p +4.74% InterContinental Hotels Group (IHG) 2,660.00p +2.50% Kingfisher (KGF) 367.00p +1.86% Pearson (PSON) 1,416.00p +1.43% Lloyds Banking Group (LLOY) 79.58p +1.38% Standard Chartered (STAN) 988.30p +1.26% Old Mutual (OML) 225.90p +1.21% Associated British Foods (ABF) 3,085.00p +1.18% Smiths Group (SMIN) 1,161.00p +0.96% Intertek Group (ITRK) 2,489.00p +0.77% FTSE 100 - Fallers Intu Properties (INTU) 364.80p -2.07% Royal Bank of Scotland Group (RBS) 379.90p -1.73% Capita (CPI) 1,163.00p -1.52% Meggitt (MGGT) 545.50p -1.36% SABMiller (SAB) 3,671.00p -1.13% Rio Tinto (RIO) 3,163.00p -0.91% Fresnillo (FRES) 816.50p -0.91% London Stock Exchange Group (LSE) 2,479.00p -0.88% BG Group (BG.) 961.60p -0.87% Randgold Resources Ltd. (RRS) 5,125.00p -0.87% FTSE 250 - Risers Rightmove (RMV) 2,841.00p +6.32% Allied Minds (ALM) 530.00p +3.31% Card Factory (CARD) 284.30p +3.31% PZ Cussons (PZC) 325.30p +3.01% Premier Oil (PMO) 172.20p +2.93% Petrofac Ltd. (PFC) 897.50p +2.51% FirstGroup (FGP) 103.50p +2.07% Rentokil Initial (RTO) 132.00p +1.85% BlackRock World Mining Trust (BRWM) 324.90p +1.82% Hunting (HTG) 478.60p +1.51% FTSE 250 - Fallers Afren (AFR) 9.20p -4.37% Hikma Pharmaceuticals (HIK) 2,484.00p -3.31% IMI (IMI) 1,379.00p -3.16% Berendsen (BRSN) 1,114.00p -3.13% Computacenter (CCC) 741.00p -2.50% Redefine International (RDI) 56.75p -2.49% Saga (SAGA) 185.30p -2.32% William Hill (WMH) 382.40p -2.07% Daejan Holdings (DJAN) 5,810.00p -1.94% Exclusive Oil Investment with potential 43.56% annual returns Download your free investment guide, click here. UK Event Calendar Friday 27 February INTERIMS Bluefield Solar Income Fund Limited, Mysale Group, Ricardo, River and Mercantile Group , Waterman Group INTERIM DIVIDEND PAYMENT DATE Conviviality Retail , IG Group Holdings, NB Private Equity Partners Ltd., NCC Group QUARTERLY PAYMENT DATE City of London Inv Trust, Picton Property Income Ltd INTERNATIONAL ECONOMIC ANNOUNCEMENTS Balance of Payments (GER) (07:00) Chicago PMI (US) (14:45) GDP (Preliminary) (US) (13:30) Pending Homes Sales (US) (15:00) U. of Michigan Confidence (Final) (US) (14:55) FINALS Berendsen, IMI, International Consolidated Airlines Group SA (CDI), Intu Properties, Lloyds Banking Group, Old Mutual, Pearson, Rentokil Initial, Restaurant Group, Rightmove, Spectris, UBM, William Hill SPECIAL DIVIDEND PAYMENT DATE Ryanair Holdings EGMS Target Healthcare Reit Ltd AGMS Formation Group, Intelligent Energy Holdings, Shoe Zone UK ECONOMIC ANNOUNCEMENTS Consumer Confidence (09:30) GFK Consumer Confidence (00:05) FINAL DIVIDEND PAYMENT DATE RWS Holdings, Terra Capital High yielding, city centre investment opportunity Get 10% fixed returns for up to 5 years and earn interest from day 1. Demand for property in Manchester City Centre has boomed, and this property investment opportunity is one not to be missed Click here to find out more Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks little changed ahead of final vote on Greece loan extension European stocks were little changed ahead of a final vote on Greece's bailout extension. The German parliament is meeting this morning to vote on a plan to extend Greece's bailout by another four months after receiving approval from Eurozone finance ministers on Tuesday approved the move. While some German MPs have raised concerns about the deal, it is expected to pass through parliament. In economic data, a report on German inflation will be released at 13:00 GMT and is expected to show consumer prices fell 0.3% in February, compared to a 0.4% drop in January. Later on the US sees the release of data on gross domestic product, personal consumption, pending home sales and consumer confidence. Sika, Airbus Sika AG advanced as the Swiss adhesives maker turned down a takeover offer by Cie. de Saint-Gobain SA and reported better-than-expected full-year earnings. Airbus gained as the European aerospace company posted a 15% increase in annual profit, boosted by higher commercial plane deliveries. IAG rallied as the parent of British Airways said full-year earnings jumped 81%, supported by a turnaround at Iberia. 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: Stocks receded amid falling oil prices and poor data US stocks fell on Thursday after oil prices lowered and fresh economic data queried Janet Yellen's dovishness. The Dow Jones Industrial Average fell 0.06% to 18,214.42 while Nasdaq advanced 0.42% to 4,987.89 and S&P 500 declined 0.15% to 2,110.74. However, Connor Campbell from Spreadex said: "After Janet Yellen's testimony earlier in the week pushed inflation and job growth to the forefront of the interest rate debate, the latest US figures were hotly anticipated. Jobless claims rose above 300,000 for the second time in February while CPI saw its biggest month-by-month decline since December 2008, falling 0.7% but core CPI strengthened more that expected. Barclays Research said: "The stronger-than-expected print for core orders in January suggests production may pick up a bit in coming months." Campbell added: "The difference between the two figures reflects just how much the price of oil is dragging down inflation." Oil prices dropped with WTI down 4.2% to $48.92 a barrel and Brent down 1.9% to $60.49 a barrel. CMC Markets analyst Jasper Lawler said: "There are modest signs of a recovery in global demand from the likes of Europe and China but in the US stockpiles are increasingly rapidly as supply still outstrips demand." Over on COMEX, gold futures rose 0.63% to $1,209.10 while the dollar rose against the yen, the pound and the euro. The yield on a benchmark US 10-year Treasury rose six basis points to 3.22%. S&P 500 - Risers Avago Technologies Ltd. (AVGO) $129.25 +14.71% Salesforce.Com Inc. (CRM) $70.24 +11.72% AES Corp. (AES) $12.63 +5.25% Tesoro Corp. (TSO) $93.52 +2.89% Precision Castparts Corp. (PCP) $217.10 +2.58% Tenet Healthcare Corp. (THC) $46.74 +2.43% Marathon Petroleum Corporation (MPC) $107.04 +2.27% Google Inc. (GOOGL) $559.29 +2.19% Google Inc. Class C (GOOG) $555.30 +2.10% Molson Coors Brewing Co. Class B (TAP) $77.24 +2.06% S&P 500 - Fallers Ensco Plc. (ESV) $24.41 -8.16% Noble Corporation plc (NE) $16.60 -6.90% Newfield Exploration Co (NFX) $33.60 -6.67% Peabody Energy Corp. (BTU) $7.43 -6.31% Denbury Resources Inc. (DNR) $8.38 -6.26% CONSOL Energy Inc. (CNX) $32.30 -5.89% Southwestern Energy Co. (SWN) $26.35 -5.79% Range Resources Corp. (RRC) $50.84 -5.69% Noble Energy Inc. (NBL) $47.32 -5.00% QEP Resources Inc (QEP) $21.32 -4.99% Dow Jones I.A - Risers Johnson & Johnson (JNJ) $102.80 +1.57% Cisco Systems Inc. (CSCO) $29.91 +1.42% American Express Co. (AXP) $83.25 +1.31% Coca-Cola Co. (KO) $42.46 +0.98% McDonald's Corp. (MCD) $99.51 +0.86% Travelers Company Inc. (TRV) $107.82 +0.85% AT&T Inc. (T) $34.50 +0.85% Merck & Co. Inc. (MRK) $58.96 +0.80% JP Morgan Chase & Co. (JPM) $61.58 +0.72% 3M Co. (MMM) $169.61 +0.43% Dow Jones I.A - Fallers Caterpillar Inc. (CAT) $83.80 -1.59% Chevron Corp. (CVX) $107.06 -1.40% International Business Machines Corp. (IBM) $160.87 -1.19% Exxon Mobil Corp. (XOM) $88.65 -1.06% Walt Disney Co. (DIS) $104.56 -0.96% Intel Corp. (INTC) $33.65 -0.87% Boeing Co. (BA) $151.73 -0.84% Home Depot Inc. (HD) $115.38 -0.80% United Technologies Corp. (UTX) $122.67 -0.57% Unitedhealth Group Inc. (UNH) $113.66 -0.34% Nasdaq 100 - Risers Avago Technologies Ltd. (AVGO) $129.25 +14.71% Google Inc. (GOOGL) $559.29 +2.19% Google Inc. Class C (GOOG) $555.30 +2.10% Vimpelcom Ltd Ads (VIP) $5.23 +1.95% Tesla Motors Inc (TSLA) $207.19 +1.68% Broadcom Corp. (BRCM) $45.70 +1.56% Cisco Systems Inc. (CSCO) $29.91 +1.42% Mylan Inc. (MYL) $57.24 +1.32% Expeditors International Of Washington Inc. (EXPD) $48.79 +1.31% Apple Inc. (AAPL) $130.41 +1.26% Nasdaq 100 - Fallers Catamaran Corp (CTRX) $51.38 -2.65% Symantec Corp. (SYMC) $25.05 -1.73% Autodesk Inc. (ADSK) $61.01 -1.61% Staples Inc. (SPLS) $16.38 -1.56% Bed Bath & Beyond Inc. (BBBY) $73.75 -1.51% Discovery Communications Inc. Class A (DISCA) $32.44 -1.50% Expedia Inc. (EXPE) $93.25 -1.44% Sandisk Corp. (SNDK) $78.05 -1.25% Tractor Supply Company (TSCO) $88.88 -1.22% Trade effectively using charts - Candlesticks Trading Guide In our candlesticks trading guide, you'll learn what candlesticks are, the different types of candlesticks and what they mean.  Download your FREE guide, click here. Newspaper Round Up Quindell drops after it asks shareholders to be patient with review Insurance claims processor Quindell saw shares slip on Friday, after it asked its shareholders to be patient while it completes an independent review. The London-listed group, whose share lost 90% of its value in 2014, said the review, which is being carried out by PwC, was taking longer than initially expected because of "the high level of corporate activity of the group". The AIM group added that PwC, along with prospective chairman and executive deputy chairman Richard Rose and Jim Sutcliffe, are expected to work on plans to reduce the group down to two operating arms, the professional services division and the technology division. Quindell shares jumped last week after the company revealed it had extended talks with law firm Slater & Gordon to sell its legal services division. In a statement released on Friday, it said that while it had taken into account "the quality of people, operations and prospects of the professional services division", it believed continuing with the deal was in the shareholders' best interest.   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

Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Thursday, 26 February 2015 17:42:04 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 close: FTSE edges higher to new record close London's FTSE 100 managed to inch higher to a new record high on Thursday as improving economic data across Europe and positive developments in Ukraine boosted markets after a slow start. The UK benchmark index finished the day up 14.35 points at a new closing high of 6,949.73, up 0.2% on the day and just 0.1 points ahead of the previous all-time closing high reached on Tuesday. Spanish economic growth was confirmed at 0.7% for the fourth quarter while UK economy expanded by 0.5%, with both figures in line with preliminary estimates. Another report showed German unemployment fell 20,000 in February, more than the 10,000 decline that was expected. Reports from Ukraine also lifted sentiment after the defence ministry said that it was starting the withdrawal of heavy weapons from battle-zones in the east following the ceasefire which came into effect earlier this month. Pro-Russian rebels have also reportedly claimed that they were withdrawing weapons. Wall Street markets, however, were less positive with the Dow Jones and S&P 500 indices edging lower after a mixed batch of US economic data. US consumer-price inflation turned negative for the first time since 2009; US jobless claims unexpectedly jumped last week; while US durable goods rose more than expected in January. StanChart and housebuilders provide a lift Standard Chartered rose after appointing former JPMorgan boss Bill Winters as its new chief executive as it confirmed current head Peter Sands will step down in June. The bank also announced that chairman John Peace will step down in 2016. Housebuilders were also performing well by the end of the day, including Persimmon, Barratt Developments and Taylor Wimpey. Leading the downside was Anglo-Dutch information group Reed Elsevier as investors gave a cool reaction to plans to combine its two parent companies and rename itself RELX Group. The company also said underlying adjusted operating profit rose 5% to £1.74bn in 2014. RBS dropped after missing forecasts with its 2014 results, reporting a loss of £3.5bn for the year, though this was still better than the £9bn loss recorded in 2013. The bank also confirmed the appointment of Sir Howard Davies as its new chairman. RSA Insurance recommenced its dividend as it returned to an annual profit in 2014, though it didn't earn as much as some analysts were hoping for. The insurer also said its chief financial officer is stepping down. Cigarette maker British American Tobacco was higher after reporting a less-than-expected 8.4% fall in 2014 revenue to £13.97bn, compared with the consensus forecast of £13.89bn. Capita was weaker as the outsourcing and business services giant underwhelmed with a 13% rise in underling pre-tax profit to £535.7m last year. Exclusive Oil Investment with potential 43.56% annual returns Download your free investment guide, click here. Market Movers techMARK 3,166.04 +0.50% FTSE 100 6,949.73 +0.21% FTSE 250 17,249.80 +0.36% FTSE 100 - Risers Standard Chartered (STAN) 976.00p +5.37% Persimmon (PSN) 1,758.00p +4.39% Kingfisher (KGF) 360.30p +3.21% Randgold Resources Ltd. (RRS) 5,170.00p +2.48% Meggitt (MGGT) 553.00p +2.22% Barratt Developments (BDEV) 516.00p +2.18% SABMiller (SAB) 3,713.00p +2.16% Tesco (TSCO) 246.00p +2.12% Taylor Wimpey (TW.) 144.40p +2.12% Weir Group (WEIR) 1,734.00p +2.00% FTSE 100 - Fallers Reed Elsevier (REL) 1,130.00p -4.80% RSA Insurance Group (RSA) 429.10p -4.71% easyJet (EZJ) 1,732.00p -4.47% Royal Bank of Scotland Group (RBS) 386.60p -4.14% Centrica (CNA) 245.60p -2.15% Severn Trent (SVT) 2,027.00p -1.84% Direct Line Insurance Group (DLG) 326.00p -1.81% BG Group (BG.) 970.00p -1.52% BHP Billiton (BLT) 1,615.50p -1.49% SSE (SSE) 1,562.00p -1.45% FTSE 250 - Risers RPS Group (RPS) 270.70p +12.32% Interserve (IRV) 614.00p +10.23% Countrywide (CWD) 541.50p +5.97% Ladbrokes (LAD) 121.00p +5.95% Domino's Pizza Group (DOM) 730.00p +5.42% Playtech (PTEC) 777.00p +5.28% Synthomer (SYNT) 283.20p +4.62% Keller Group (KLR) 1,013.00p +4.22% Vedanta Resources (VED) 601.50p +3.62% Howden Joinery Group (HWDN) 455.00p +3.50% FTSE 250 - Fallers Beazley (BEZ) 292.00p -8.03% AO World (AO.) 182.00p -5.21% Telecom Plus (TEP) 1,051.00p -4.37% Premier Oil (PMO) 167.30p -3.80% Spire Healthcare Group (SPI) 315.00p -3.37% Enterprise Inns (ETI) 104.70p -3.06% Cairn Energy (CNE) 200.40p -2.95% Bwin.party Digital Entertainment (BPTY) 82.90p -2.87% Afren (AFR) 9.62p -2.83% Dignity (DTY) 1,901.00p -2.76% High yielding, city centre investment opportunity Get 10% fixed returns for up to 5 years and earn interest from day 1. Demand for property in Manchester City Centre has boomed, and this property investment opportunity is one not to be missed Click here to find out more Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks rally on positive German data European stocks rallied after German data on unemployment and consumer confidence beat forecasts. German unemployment fell 20,000 in February, more than the 10,000 decline that was expected, leaving the jobless rate steady at 6.5% in February. Another report showed German confidence increased more than forecast in March. GfK's forward-looking sentiment index climbed to 9.7 this month from 9.3 in February, beating analysts' estimates of 9.5. Meanwhile, a clear majority of MPs from German Chancellor Angela Merkel's centre-right bloc has backed a four-month extension of Greece's bailout. Ahead of a full vote on Friday, a test ballot showed 311 MPs from the CDU/CSU voted in favour with 22 voting against. The euro fell 1.32% to $1.1211. In the UK, gross domestic product was confirmed at 0.5% growth in the fourth quarter of 2014, in line with the preliminary reading and economists' expectations. The data showed the UK grew 2.7% on an annual basis, up from a prior reading of 2.6%, indicating no change from the earlier estimates. However, the figures denote a downward trend as the UK economy grew at 0.8% on a quarterly basis in the second quarter of 2014 and 0.7% in third quarter. In the US, inflation data revealed the discouraging effect of weakening oil prices on the overall level of consumer prices. Core consumer prices, which strip out food and energy, rose 0.2% month-on-month and 1.6% year-on-year, in-line with economists' estimates. The headline consumer price index (CPI) however fell by 0.7% month-on-month after a revised fall of 0.3% in December. Economists stressed that while the US had slipped into deflation, the Federal Reserve remained unlikely to change its policy. US initial weekly unemployment claims unexpectedly jumped by 31,000 to reach 313,000 over the seven days ending on 21 February, according to the US Department of Labor. Orders for durable goods in the US rose by 2.8% on the month in January, coming in well ahead of the 1.7% rise which had been expected. InBev, Bayer Anheuser-Busch InBev NV gained after announcing plans to buy back $1 billion of shares. Bayer jumped after it forecast an increase in 2015 sales. Solvay SA edged higher after reporting quarterly net income that beat analysts' estimates. Royal Bank of Scotland Group slumped after saying restructuring would lead to "substantial" job losses and reporting a net annual loss in 2014 following the write down of its US division. GDF Suez climbed after posting full-year net income in line with estimates and saying it will reduce capital expenditure. Cie. de Saint-Gobain SA dropped as the European supplier of building materials reported annual net income that fell short of consensus forecasts. 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: Dow and S&P edge lower as US slips into deflation US stocks were mostly lower on Thursday after disappointing data showed US had slipped into deflation. Just before 10:00 in New York, the Dow Jones Industrial Average was down 0.17%, while the S&P 500 slipped 0.08% and the Nasdaq edged forward 0.07%. US inflation data should show the discouraging effect of weakening oil prices on the overall level of consumer prices. Core consumer prices, which strip out food and energy, rose 0.2% month-on-month and 1.6% year-on-year, in-line with economists' estimates. The headline consumer price index (CPI) however fell by 0.7% month-on-month after a revised fall of 0.3% in December. Economists stressed that while the US had slipped into deflation, the Federal Reserve remained unlikely to change its policy. "Fed officials have stressed that they expect this dip into deflation to be brief and they are more focused on where the inflation rate will be in two years' time, not where it is now," said Paul Ashworth, chief US economist at Capital Economics. However, analysts at Rabobank warned that while the deflation might be temporary, it could still pose a dilemma for the Fed. "While deflation is likely to be temporary, because it is largely caused by the drop in oil prices in the second half of last year and core inflation is still 1.6%, it does raise a dilemma for the Fed," they said in a note. Meanwhile initial weekly unemployment claims unexpectedly jumped by 31,000 to reach 313,000 over the seven days ending on 21 February, according to the US Department of Labor. Orders for durable goods rose by 2.8% on the month in January, coming in well ahead of the 1.7% rise which had been expected. In company news, retailer Sears fell 2.06% after it reported its 11th straight quarterly loss as sales continued to tumble. UIL Holdings soared 19.25% after Spanish utility Iberdrola announced plans to buy the power and gas distributor for $3bn in a cash and share deal. Salesforce.com jumped 12.74% after announcing late on Wednesday it had registered strong growth in deferred sales, which indicate its future sales from a subscription-based business model. Gold futures rose 1.07% to $1,214.40, while the dollar jumped almost 1% against the euro, rising 0.46% against the pound and 0.21% against the yen. Trade effectively using charts - Candlesticks Trading Guide In our candlesticks trading guide, you'll learn what candlesticks are, the different types of candlesticks and what they mean.  Download your FREE guide, click here. Broker Tips Broker tips: RBS, Standard Chartered, Domino's Pizza Investec has retained a 'sell' rating on RBS after 2014 results from the UK banking group missed market forecasts, saying that the stock's valuation was too expensive. "RBS has now achieved a seventh successive year of heavy reported losses (2008-2014 inclusive) and we expect only a 'breakeven' performance in 2015," he said. A boardroom shake-up at Standard Chartered should be well-received, according to Credit Suisse, which believes that the banking group needs a "substantial overhauling" of its strategy. The Swiss broker maintained an 'underperform' rating, reiterating its view that Standard Chartered needs $6.9bn-11bn of capital to cover commodities provisioning and boost its common equity tier-one capital ratio to 11-12% by the end of 2015. "This would then require substantial overhauling of the strategy as the implied return profile would be an uninspiring 8-9%," it said. There is upside risk to the market's forecasts for Domino's Pizza, according to Numis Securities, which upgraded the stock from 'add' to 'buy' on Thursday after a strong annual report.   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. 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