| | | | | | | | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Markets subdued as investors await Greek developments UK stock markets opened slightly lower on Wednesday, falling for the fourth straight day as investors awaited news flow from Greece. London's FTSE 100 was down 0.15% at 6,819 early on.
All eyes will be on the emergency meeting of Eurogroup finance ministers on Wednesday, where Greece's Yanis Varoufakis will make his debut appearance as he attempts to persuade his peers of the benefits of his bridging programme.
European leaders are likely to propose a six-month extension of the existing bailout programme.
The meeting, which kicks off on Wednesday, comes after new prime minister Alexis Tsipras comfortably won a confidence vote in parliament the previous day, assuring MPs that "there is no going back [...] Greece cannot return to the era of bailouts".
"A vote of confidence from their own government is all well and good, but after last week's progress-less dry run, tonight is the true first step for Syriza on what could be a long road to recovery not only for Greece, but for the health and stability of the Eurozone," said analyst Connor Campbell from Spreadex.
"With the meeting later today, a similar stream of unconfirmed reports is likely to leak out and lead the markets as the morning continues."
Tullow suspends divi
Tullow Oil was a heavy faller after deciding to suspend its final dividend for 2014, as the exploration and production company swung to a loss of over $2bn on the back of hefty impairment charges and exploration write-offs.
In contrast, homeware retailer Dunelm pleased investors with a special dividend and a 10% increase in its interim payout after a 14% increase in sales in the first half, helped by strong growth online and new store openings.
Commodities trader and mining giant Glencore was subdued after the announcement that it has scaled back its spending plans for 2015. However, shares in Lonmin dropped after Glencore said it is looking to divest its "non-core" 23.9% stake in the South African platinum miner.
BT Group surged after winning rights to show more Premier League (EPL) matches over the next three seasons, as a hotly-anticipated auction came to an end. BT won two out of the seven packages of rights that were on offer and will pay £320m per season.
Sky, however, which won five packs of live EPL rights, dropped sharply early on after saying it would by paying £1.39bn per annum, a bigger-than-expected 83% increase on the existing contract.
In the first results after offloading its drugs business, Reckitt Benckiser delivered fourth-quarter net revenue growth comfortably ahead of forecasts, helping shares higher.
Chip designer ARM Holdings also gained after enjoying a strong finish to 2014 with its best-ever quarterly revenues as a record number of licences were signed, many by new customers. |
| | Market Movers
techMARK 3,112.13 +0.57%
FTSE 100 6,818.81 -0.15%
FTSE 250 16,647.58 -0.07%
FTSE 100 - Risers
Reckitt Benckiser Group (RB.) 5,800.00p +3.76%
ARM Holdings (ARM) 1,094.00p +3.60%
BT Group (BT.A) 459.30p +3.49%
United Utilities Group (UU.) 983.50p +2.39%
International Consolidated Airlines Group SA (CDI) (IAG) 551.50p +2.32%
Persimmon (PSN) 1,650.00p +2.29%
Barratt Developments (BDEV) 464.40p +1.02%
Experian (EXPN) 1,198.00p +0.93%
Severn Trent (SVT) 2,076.00p +0.83%
Hammerson (HMSO) 690.00p +0.73%
FTSE 100 - Fallers
Sky (SKY) 913.50p -4.25%
Tullow Oil (TLW) 400.70p -3.28%
GKN (GKN) 367.20p -2.47%
Anglo American (AAL) 1,124.50p -2.13%
Hargreaves Lansdown (HL.) 976.50p -1.91%
Schroders (SDR) 2,911.00p -1.75%
Royal Mail (RMG) 424.90p -1.69%
BHP Billiton (BLT) 1,472.00p -1.54%
Standard Life (SL.) 395.80p -1.27%
BG Group (BG.) 923.20p -1.19%
FTSE 250 - Risers
Telecity Group (TCY) 979.00p +15.38%
Redrow (RDW) 327.60p +10.38%
Dunelm Group (DNLM) 903.00p +4.15%
Vedanta Resources (VED) 445.70p +3.22%
Afren (AFR) 9.55p +2.63%
Bellway (BWY) 1,916.00p +2.46%
Diploma (DPLM) 809.00p +2.41%
Pennon Group (PNN) 846.00p +2.17%
WH Smith (SMWH) 1,300.00p +1.96%
Bwin.party Digital Entertainment (BPTY) 104.40p +1.95%
FTSE 250 - Fallers
Indivior (INDV) 154.10p -10.09%
Thomas Cook Group (TCG) 125.80p -5.56%
Lonmin (LMI) 163.20p -5.34%
Poundland Group (PLND) 396.40p -4.92%
Nostrum Oil & Gas (NOG) 530.50p -3.81%
Alent (ALNT) 343.00p -3.46%
Electrocomponents (ECM) 204.80p -3.17%
esure Group (ESUR) 234.70p -3.10%
Premier Oil (PMO) 161.10p -3.01% |
| | 43% - 53% Return on Investment | | Become an armchair investor with this established 4-year London property investment bond and earn up to 25% p.a! Register here for further information |
| | UK Event Calendar | | Wednesday 11 February
INTERIMS
City of London Investment Group, Redrow
QUARTERLY EX-DIVIDEND DATE
Boeing Co
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
MBA Mortgage Applications (US) (12:00)
Treasury Budget Statement (US) (19:00)
Q4
Norsk Hydro ASA
FINALS
New Europe Property Investments, Norsk Hydro ASA, Sampo OYJ, Telecity Group, Tullow Oil
ANNUAL REPORT
Elephant Capital
IMSS
Electrocomponents, QinetiQ Group, Thomas Cook Group
AGMS
Blackrock Frontiers Investment Trust, F&C Capital & Income Inv Trust
FINAL DIVIDEND PAYMENT DATE
Conygar Investment Company
|
| | £6,175 Profit betting the Euro will fall | | This profitable trade came out of the recent 803 point as our program signaled to sell the Euro against The US Dollar in December 2013 and stayed with the down trend until February 2015. Find out how we made this trade using our trading system, click here. |
| | Europe Market Report | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks little changed ahead of Greece meeting European stocks were little changed ahead of meeting between Eurozone finance ministers to discuss Greek debt. The EU will try to pull together an interim debt deal with Greece at a meeting at 16:30 GMT. They will meet again next Monday and EU leaders will come together at a summit, or European Council, this Thursday.
Greece is trying to garner support for a plan to end its austerity programme and has backed away from an extension to its international bailout programme.
The euro fell 0.07% to $1.1313.
Meanwhile, Iraq and Iran joined Saudi Arabia in cutting their March crude prices for Asia to the lowest level in more than a decade.
It comes after the Organization of Petroleum Exporting Countries left its members' output targets unchanged at a meeting last November.
Brent crude rose 0.5% to $56.74 per barrel in morning trade, according to the ICE.
Norsk Hydro, Reckitt
Norsk Hydro ASA advanced after Europe's third-biggest producer of aluminium reported narrower net loss on better-than-forecast revenue for the fourth quarter.
Reckitt Benckiser Group gained as the consumer-products maker announced plans for cost cuts to address tough market conditions.
ING Groep NV jumped as the Dutch financial-services company announced plans to pay a dividend for the first time in almost seven years. |
| | 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: Dow gains 140 points as S&P closes at highest level in 2015 US stocks advanced on Tuesday, amid speculations that Greece and its international creditors were moving towards a solution, even though both parties dismissed the rumours. The Dow Jones Industrial Average gained 139.55 points to 17,868.76, while the S&P 500 advanced by 21.85 points closing at its highest level in 2015 and the Nasdaq rose by 61.63 points.
European and US stocks were after reports suggesting the European Union Commission was considering a six-month debt extension emerged earlier on Tuesday.
However, Brussels officials remained cautious over the outcome of possible negotiations with Athens.
"Our expectations are low that any final agreements will be reached on Greece this week," said a spokeswoman for the European Commission.
The rumour was subsequently dismissed by Germany's finance minister Wolfgang Schäuble, but investors remained optimistic.
On Wednesday, the finance ministers of the Eurozone countries, the so-called Eurogroup, will meet to decide Greece's destiny, but analysts said a permanent solution remained hard to achieve.
Meanwhile, the NFIB's gauge of small business confidence advanced to a reading of 97.9 from 100.4 in the prior month, just below consensus estimates of a 101 reading.
According to government data released on Tuesday, job openings in the US climbed in to their highest level since 2001in December, while the number of people hired rose to the strongest level since 2007.
In corporate news, Coca-Cola rose 2.84% after quarterly results exceeded Wall Street's expectations, while Molson Coors Brewing Company fell 4.10% despite raising its dividend 11% to 41 cents from 38 cents. The brewing giant said its profits had been hit by strong currency headwinds and added it was readying a $1bn share repurchase.
Aeropostale soared 16.67% after the group's fourth-quarter loss narrowed, while Qualcomm rose 4.69% after announcing late on Monday that it reached a deal with the Chinese government over infractions of the country's antimonopoly law and agreeing to pay a $975m fine.
CVS gained 2.13% after the pharmacy chain reported earnings above estimates and Apple rose 1.91% after a report in the Wall Street Journal suggested the iPhone maker will go ahead with plans to sell a debut bond in Swiss francs. Shares in the tech giant closed at an all-time of $122.02, as Apple became the first US group to close at over $700bn in value.
Going the other way, Dean Foods plunged 11.85% after the company reported fourth-quarter earnings that missed expectations.
Gold futures fell 0.64% to $1,233.60, while the dollar gained 0.66% and under 0.1% against the yen and the euro respectively, but relinquished 0.25% against the pound.
Oil prices tumbled, with Brent crude losing 2.5% to $56.90 a barrel, while West Texas Intermediate dropped 4.7% to $50.46 a barrel.
S&P 500 - Risers
Sealed Air Corp. (SEE) $45.27 +10.60%
Micron Technology Inc. (MU) $31.09 +9.66%
Wyndham Worldwide Corp. (WYN) $88.07 +8.71%
Starwood Hotels & Resorts Worldwide Inc. (HOT) $75.93 +6.60%
First Solar Inc. (FSLR) $48.61 +4.92%
Dun & Bradstreet Corp. (DNB) $125.68 +4.79%
QUALCOMM Inc. (QCOM) $70.26 +4.69%
Avago Technologies Ltd. (AVGO) $106.97 +4.63%
Western Union Co. (WU) $18.40 +4.43%
Wynn Resorts Ltd. (WYNN) $154.70 +4.21%
S&P 500 - Fallers
Denbury Resources Inc. (DNR) $8.20 -8.48%
Transocean Ltd. (RIG) $19.16 -6.26%
Computer Sciences Corp. (CSC) $60.89 -6.09%
Nabors Industries Ltd. (NBR) $12.20 -4.91%
Ensco Plc. (ESV) $30.41 -4.76%
Helmerich & Payne Inc. (HP) $66.35 -4.64%
Peabody Energy Corp. (BTU) $7.48 -4.59%
Noble Corporation plc (NE) $18.45 -4.30%
Freeport-McMoRan Inc (FCX) $18.71 -4.10%
Molson Coors Brewing Co. Class B (TAP) $73.21 -4.10%
Dow Jones I.A - Risers
Pfizer Inc. (PFE) $34.15 +3.27%
Coca-Cola Co. (KO) $42.40 +2.84%
Intel Corp. (INTC) $33.70 +2.34%
Unitedhealth Group Inc. (UNH) $108.97 +2.33%
Home Depot Inc. (HD) $110.67 +2.15%
International Business Machines Corp. (IBM) $158.56 +1.80%
Nike Inc. (NKE) $92.75 +1.73%
Wal-Mart Stores Inc. (WMT) $87.29 +1.61%
McDonald's Corp. (MCD) $94.02 +1.40%
Cisco Systems Inc. (CSCO) $27.49 +1.36%
Dow Jones I.A - Fallers
Caterpillar Inc. (CAT) $83.90 -0.91%
Exxon Mobil Corp. (XOM) $91.01 -0.60%
Visa Inc. (V) $264.55 -0.34%
Chevron Corp. (CVX) $110.18 -0.23%
Nasdaq 100 - Risers
Micron Technology Inc. (MU) $31.09 +9.66%
QUALCOMM Inc. (QCOM) $70.26 +4.69%
Avago Technologies Ltd. (AVGO) $106.97 +4.63%
Wynn Resorts Ltd. (WYNN) $154.70 +4.21%
Applied Materials Inc. (AMAT) $24.28 +3.28%
Broadcom Corp. (BRCM) $44.68 +3.02%
Alexion Pharmaceuticals Inc. (ALXN) $176.39 +2.90%
Texas Instruments Inc (TXN) $55.82 +2.86%
Nvidia Corp. (NVDA) $20.95 +2.80%
Sandisk Corp. (SNDK) $79.05 +2.78%
Nasdaq 100 - Fallers
Mattel Inc. (MAT) $27.44 -1.68%
Staples Inc. (SPLS) $16.95 -0.99%
Tesla Motors Inc (TSLA) $216.29 -0.55%
Biogen Idec Inc. (BIIB) $395.13 -0.44%
Seagate Technology Plc (STX) $60.20 -0.33%
Intuitive Surgical Inc. (ISRG) $499.77 -0.30%
Viacom Inc. Class B (VIAB) $68.14 -0.15% |
| | PROVEN Trading Strategy - Currently running at 70% success rate | | Earn a tax free income trading, from just 20 minutes a day – no experience needed. Our powerful trading software will help you decide when to enter trades and how to maximise profits.
Register for a FREE brochure and trading guide, Click Here. |
| | Newspaper Round Up | | Wednesday newspaper round-up: Tory/HSBC scandal, Driverless cars, UK defence Prime Minister David Cameron has come under fire for appointing Lord Green of Hurstpierpoint as trade minister in 2011 after it was revealed he was responsible for HSBC's Swiss private banking business, according to The Times. HSBC has been caught out in a tax dodge scandal. Driverless car trials in Britain could lead to a £900bn industry if they receive £19m of UK government support, reported The Guardian.
According to The Telegraph, US President Barack Obama had warned David Cameron against cutting the UK defence budget. Obama insisted that failing to reach the 2% spending target would undermine its military alliance in Europe, the paper wrote.
The British pension gap has grown to its highest-ever level after the interest paid by UK government bonds fell in January, said The Wall Street Journal.
Heineken reported profits in line with expectations of 2014 despite volatile political situations in Russia and eastern Europe, according to the Financial Times.
Footballers will receive £500,000 per week after a £5.1bn deal was struck between BT and Sky to screen live Premier League matches, The Times reported.
The Church of England has been accused of "lavish" and "opulent" spending after the average value of a bishop's home was discovered to be £2.25m, The Guardian wrote. | | |
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