Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Friday, 13 February 2015 10:33:29 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 open: German GDP gives sentiment a boost as UK stocks rise Strong gains in the mining and oil sectors pushed UK stocks higher on Friday, as investors showed optimism after much better-than-expected growth figures from Germany. London's FTSE 100 was up 0.75% at 6,879 early on, as resource shares tracked commodity prices higher. German gross domestic product (GDP) growth picked up to 0.7% in the fourth quarter of 2014 from 0.1% the preceding three months, well ahead of the 0.3% expansion predicted. The figures from the Europe's largest economy suggest upside risk to the Eurozone GDP data due out at 10:00 on Friday. Consensus forecasts currently are for Eurozone growth to remain at 0.2% in the fourth quarter. Analyst Connor Campbell from Spreadex said: "The 0.2% forecast for the region as a whole may end up looking like a significant underestimation." Concerns about the Ukraine crisis have also eased after the country agreed to a ceasefire with Russia after tense negotiations in Minsk. However, there was continued fighting overnight in the rebel-held cities of eastern Ukraine, with the ceasefire not expected to kick in until Sunday. "Investors also appear confident that a Greek disaster can also be averted on unconfirmed reports that German and Greek officials were working on a compromise in Brussels as both sides looked to soften their positions," said analyst Michael Hewson from CMC Markets. The speculation comes before the next Eurogroup meeting scheduled to begin on Monday. Anglo leads miners higher The share price of Anglo American advanced despite the news that it has decided to write-down the value of certain assets by $3.9bn on the back of weaker iron ore prices, pushing the company into the red for the 2014 financial year. Anglo swung to a pre-tax loss of $259m in 2014, compared with a profit of $1.7bn in 2013. Other miners were also in positive territory, including BHP Billiton, Glencore and Rio Tinto, as metal prices improved. Even Fresnillo gained despite explaining how foreign exchange movements, depreciation and write-downs would adversely affect its 2014 results. Oil stocks such as Tullow, BG and Premier Oil were also in demand was Brent crude continued its rebound. Brent was up 1.9% at $60.40 a barrel early on. Utilities group Severn Trent declined after saying that while it is on track to hit expectations this financial year, operating costs are expected to rise due to the impact of inflation and quasi taxes. Rolls-Royce also fell as the engine maker reported an 8% drop in underlying profits in 2014 and said it expects profits to fall further this year as customers face "increased uncertainty" from weaker oil prices. Shire paused after a strong jump the previous session following its fourth-quarter results. The pharma group was also in focus on speculation it is preparing to make a bid for US peer Salix Pharmaceuticals, worth $9.2bn at current market prices. £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. Market Movers techMARK 3,130.39 +0.45% FTSE 100 6,879.23 +0.75% FTSE 250 16,878.12 +0.41% FTSE 100 - Risers BHP Billiton (BLT) 1,547.50p +3.55% Tullow Oil (TLW) 398.70p +3.53% GlaxoSmithKline (GSK) 1,537.50p +3.50% Glencore (GLEN) 286.40p +3.43% Antofagasta (ANTO) 725.50p +2.83% Anglo American (AAL) 1,198.00p +2.79% Rio Tinto (RIO) 3,123.50p +2.76% BG Group (BG.) 958.80p +2.61% Barclays (BARC) 259.30p +2.35% BP (BP.) 450.05p +1.29% FTSE 100 - Fallers BT Group (BT.A) 441.80p -1.82% Carnival (CCL) 2,921.00p -1.42% easyJet (EZJ) 1,719.00p -1.32% United Utilities Group (UU.) 961.50p -1.18% Severn Trent (SVT) 2,038.00p -0.92% Associated British Foods (ABF) 2,941.00p -0.84% Sky (SKY) 920.00p -0.81% Centrica (CNA) 285.50p -0.70% SSE (SSE) 1,590.00p -0.62% InterContinental Hotels Group (IHG) 2,649.00p -0.60% FTSE 250 - Risers Afren (AFR) 8.00p +12.52% Premier Oil (PMO) 165.90p +4.41% Evraz (EVR) 194.40p +3.79% Atkins (WS) (ATK) 1,350.00p +2.66% Interserve (IRV) 558.50p +2.57% Oxford Instruments (OXIG) 733.00p +2.52% AL Noor Hospitals Group (ANH) 989.00p +2.49% Vedanta Resources (VED) 484.60p +2.45% Ophir Energy (OPHR) 143.70p +2.42% COLT Group SA (COLT) 149.50p +2.40% FTSE 250 - Fallers Supergroup (SGP) 1,038.00p -1.98% Alent (ALNT) 343.20p -1.94% Rank Group (RNK) 183.50p -1.87% Spire Healthcare Group (SPI) 297.10p -1.69% Bwin.party Digital Entertainment (BPTY) 101.00p -1.46% Brit (BRIT) 271.00p -1.45% IMI (IMI) 1,401.00p -1.41% Acacia Mining (ACA) 277.20p -1.39% Spirax-Sarco Engineering (SPX) 3,168.00p -1.19% UK Event Calendar Friday 13 February INTERIM DIVIDEND PAYMENT DATE Anite, Consort Medical, QinetiQ Group, Zibao Metals Recycling Holdings QUARTERLY PAYMENT DATE Abbott Laboratories, British Land Co, Marsh & Mclennan Cos Inc. INTERNATIONAL ECONOMIC ANNOUNCEMENTS Balance of Trade (EU) (10:00) GDP (Flash Estimate) (EU) (10:00) Gross Domestic Product (GER) (07:00) Import and Export Price Indexes (US) (13:30) U. of Michigan Confidence (Prelim) (US) (14:55) Wholesale Price Index (GER) (07:00) FINALS Anglo American, Riverstone Energy Limited , Rolls-Royce Holdings EGMS 3Legs Resources TRADING ANNOUNCEMENTS Severn Trent FINAL DIVIDEND PAYMENT DATE Henderson Value Trust, Octopus VCT 3, Octopus VCT 4, Shaftesbury, Tracsis 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 Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks rally as German GDP grows in fourth quarter European stocks jumped as German economic growth accelerated in the fourth quarter. German gross domestic product rose 0.7% in the fourth quarter compared to the third, De Statis reported. It compared to the 0.1% expansion in the three months to September and beat expectations for a 0.3% increase. The data comes ahead of the Eurozone GDP report at 10:00 GMT which is expected to show 0.2% growth in the fourth quarter, matching the pace of the previous three months. On an annualised basis, analysts estimate a 0.8% expansion, also in line with the earlier quarter. A stagnant economy and concerns about inflation prompted the European Central Bank (ECB) to announce a €60bn-a-month quantitative easing programme at last month. Investors expected the ECB's stimulus to boost future growth after it kicks off in March. Meanwhile, Greece continues to be in focus as Prime Minister Alexis Tsipras said on Thursday his government is seeking a six-month bridge agreement with creditors to form a new deal with the euro-area over its bailout. The euro rose 0.22% to $1.1428. In the US, the University of Michigan's consumer confidence report is forecast to remain unchanged in February from the previous month. Brent crude rose 1.6% to $60.25 per barrel in morning trade following reports that more industry spending cuts and a weaker US dollar boosted buying. Company-wise Anglo American advanced after reporting better-than-estimated full-year earnings. 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 stocks climbed on Thursday as news of a ceasefire deal between Russia and Ukraine offset disappointing retail sales and weak jobless claims. The Dow Jones Industrial Average closed up 110.24 points to 17,972.38 while the S&P 500 and the Nasdaq rose 19.95 and 56.43 points respectively. After overnight talks in Minsk, Russia and Ukraine reached an agreement for a ceasefire starting on Sunday 15 February. Meanwhile, initial claims for unemployment benefits in the US were higher than expected at 304,000 last week, according to the Department of Labor. This figure for the week ending 7 February is up 9% on the revised 279,000 the week before and above the 290,000 that had been expected by economists at Barclays Research. However, the four-week moving average was 289,750, a decrease of 3,250 from the previous week's revised average. US retail sales volumes dropped by 0.8% month-on-month in January to reach $439.771bn, according to the US Department of Commerce. The consensus estimate had been for a fall of 0.4%, but a 9.3% decline in sales at gasoline stations resulted in a bigger-than-expected overall drop. “Federal Reserve chair Janet Yellen will be slightly dismayed to see retail sales stuck in negative territory," said UFX.com managing director Dennis de Jong. "Many had hoped that lower gas prices and rising consumer confidence would spur spending in the retail sector, but the large gains just haven’t materialised as yet. "Yellen will know that the other major economies around the world are hoping the US can stir global growth and will be watching the data very closely, with fingers crossed.” TripAdvisor shares soared 22.49%, after the world's largest travel website announced strong ad sales and user traffic on its website, while Cisco climbed 9.39% after its fourth-quarter earnings almost doubled to $2.4bn. Online travel companies Expedia and Orbitz Worldwide jumped 14.50% and 21.83% respectively, after the former announced it would buy its sector peer in a deal worth $1.38bn. Going the other way, Tesla’s stock closed 4.66% lower after its latest sales figures out overnight fell short of analysts’ forecasts, as the company blamed the poor weather for missing its delivery targets. JP Morgan has downgraded the shares to ‘underweight’ from ‘neutral’. American Express plunged 6.43% after it announced it will end its US co-branding and merchant acceptance agreement with Costco Wholesale Corp. on 31 March, while Zully nosedived after both earnings and outlook missed expectations. Gold futures while the dollar lost over 1% against the yen and the pound and almost 0.9% against the euro. Oil prices rebounded strongly following the announcement of ceasefire in Ukraine, with Brent crude rising over 4.2% to $57.06 a barrel, while West Texas Intermediate crude rose over 4.6% to $51.19 a barrel. S&P 500 - Risers TripAdvisor Inc. (TRIP) $82.40 +22.49% Expedia Inc. (EXPE) $89.57 +14.51% Cisco Systems Inc. (CSCO) $29.46 +9.39% Equifax Inc. (EFX) $92.74 +8.51% International Flavors & Fragrances Inc. (IFF) $114.77 +7.26% Nvidia Corp. (NVDA) $22.30 +7.16% Akamai Technologies Inc. (AKAM) $67.59 +6.02% Harman International Industries Inc. (HAR) $139.58 +5.97% Borg Warner Inc. (BWA) $61.38 +5.79% Whole Foods Market Inc. (WFM) $56.30 +5.21% S&P 500 - Fallers NetApp Inc. (NTAP) $36.90 -7.28% Tesoro Corp. (TSO) $81.42 -6.72% American Express Co. (AXP) $80.48 -6.43% AGL Resources Inc. (GAS) $49.80 -5.70% Kellogg Co. (K) $63.30 -4.52% CenturyLink Inc. (CTL) $39.29 -3.04% Southern Co. (SO) $46.56 -2.90% FMC Technologies Inc. (FTI) $39.79 -2.76% Celgene Corp. (CELG) $115.65 -2.31% Johnson & Johnson (JNJ) $98.44 -1.93% Dow Jones I.A - Risers Cisco Systems Inc. (CSCO) $29.46 +9.39% JP Morgan Chase & Co. (JPM) $59.57 +2.06% Exxon Mobil Corp. (XOM) $92.37 +1.95% Visa Inc. (V) $270.91 +1.85% Pfizer Inc. (PFE) $34.87 +1.81% Intel Corp. (INTC) $34.13 +1.71% Walt Disney Co. (DIS) $103.58 +1.68% Home Depot Inc. (HD) $112.16 +1.68% Microsoft Corp. (MSFT) $43.09 +1.68% E.I. du Pont de Nemours and Co. (DD) $76.29 +1.38% Dow Jones I.A - Fallers American Express Co. (AXP) $80.48 -6.43% Johnson & Johnson (JNJ) $98.44 -1.93% Verizon Communications Inc. (VZ) $49.52 -0.58% Wal-Mart Stores Inc. (WMT) $85.89 -0.52% Coca-Cola Co. (KO) $42.17 -0.47% Unitedhealth Group Inc. (UNH) $109.84 -0.01% Nasdaq 100 - Risers TripAdvisor Inc. (TRIP) $82.40 +22.49% Expedia Inc. (EXPE) $89.57 +14.51% Cisco Systems Inc. (CSCO) $29.46 +9.39% Nvidia Corp. (NVDA) $22.30 +7.16% Akamai Technologies Inc. (AKAM) $67.59 +6.02% Whole Foods Market Inc. (WFM) $56.30 +5.21% Vimpelcom Ltd Ads (VIP) $4.86 +4.97% Cerner Corp. (CERN) $69.83 +3.13% Micron Technology Inc. (MU) $31.94 +2.97% Garmin Ltd. (GRMN) $55.92 +2.96% Nasdaq 100 - Fallers NetApp Inc. (NTAP) $36.90 -7.28% Tesla Motors Inc (TSLA) $202.99 -4.61% Baidu Inc. (BIDU) $205.06 -4.48% Celgene Corp. (CELG) $115.65 -2.31% Keurig Green Mountain Inc (GMCR) $117.97 -1.24% Twenty-First Century Fox Inc Class A (FOXA) $34.41 -1.16% Dollar Tree Inc (DLTR) $75.85 -1.06% Discovery Communications Inc. Class A (DISCA) $30.34 -0.82% eBay Inc. (EBAY) $54.74 -0.73% Applied Materials Inc. (AMAT) $24.14 -0.49% 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 Newspaper Round Up Friday newspaper round-up: Ukraine ceasefire, 1m new homes, Disposable income A ceasefire deal has been struck between Russia and Ukraine after 17-hour-long negotiations took place on Thursday, The Wall Street Journal reported. More than 1m new houses will be built in the UK if all 353 councils construct a garden village of 3,000 new homes, reported The Guardian. Disposable income for British households will rise at its fastest rate in 2015 since 2001 according to Mark Carney from the Bank of England, The Times wrote on Friday. Ukraine has accused Russia of sending 50 tanks and almost 100 armoured vehicles and artillery units across the border while the marathon talks were taking place, wrote The Times. German chancellor Angela Merkel has claimed Greece should meet all the requirements of its €172bn bailout by the end of February or request an extension, wrote the Financial Times. More than 40,000 homes were repossessed by landlords in 2015 as new figures show the number of people who were evicted from their rented homes hit record levels in 2014, The Guardian said.   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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