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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 pause ahead of US jobs report, Greece in focus UK stocks edged lower on Friday with investors starting the day in a cautious mood ahead of the all-important US non-farm payrolls (NFP) report. Developments in Greece were also catching the market's attention as leaders returned home after holding Europe-wide talks with creditors.
London's FTSE 100 was down 0.1% at 6,857 early on.
Mike van Dulken, head of research at Accendo Markets, said that markets were displaying their "usual monthly pre-NFP pause".
"Whether this is a pause before a resumption of the uptrend or a correction remains to be seen, with the bulls still eyeing 6950 all-time highs and bears looking for a revisit south," he said.
The US jobs report on Friday will take centre stage as policy-makers keep watch on the labour market in the world's biggest economy.
Analysts are predicting US employers added 230,000 jobs in January after a 252,000 increase a month earlier. If the Labor Department's data comes in as expected, it would make the 12th consecutive month in which NFPs have come in above the 200,000 mark. The unemployment rate is forecast to remain at 5.6%.
Meanwhile, uncertainty surrounding Greece was continuing to weigh on sentiment on the back of a tougher stance from the European Central Bank, as the country continues to convince lenders to ease the terms of its bailout.
Finance minister Yanis Varoufakis has urged Germany to help end the "gross indignity" of the Greek debt crisis. Following talks with his German counterpart Wolfgang Schaeuble, Varoufakis said "too much time, hopes [and] lives" had been wasted by Greece's forced austerity programme.
Poundland jumps, Tate & Lyle sinks
Poundland Group surged early on after announcing plans to acquire rival retailer 99p Stores for £55m. The company, which will take over 251 outlets owned by 99p Stores, said the deal will "generate further value of Poundland's shareholders".
Sweeteners maker Tate & Lyle, famous for making Splenda sucralose, disappointed investors with a profit warning on the back of a weak third quarter in the bulk ingredients division, which accounts for around two-thirds of sales. Shares were down after the group said pre-tax profits for the year ending 31 March to be below previous guidance of £230m-245m.
Capita gained after saying it has received approval from NHS England to join the new lead provider framework for Commissioning Support Services.
Glaxosmithkline edged higher as it announced positive overall survival results from a study of its treatment for patients with melanoma ahead of FDA approval. |
| | Market Movers
techMARK 3,081.04 -0.36%
FTSE 100 6,857.41 -0.12%
FTSE 250 16,642.40 -0.32%
FTSE 100 - Risers
Capita (CPI) 1,168.00p +2.19%
Standard Chartered (STAN) 953.70p +1.95%
Aberdeen Asset Management (ADN) 439.00p +1.90%
Tullow Oil (TLW) 422.60p +1.08%
Royal Bank of Scotland Group (RBS) 381.00p +0.87%
BG Group (BG.) 962.70p +0.83%
GlaxoSmithKline (GSK) 1,512.00p +0.77%
St James's Place (STJ) 883.50p +0.74%
Schroders (SDR) 2,936.00p +0.72%
RSA Insurance Group (RSA) 452.00p +0.69%
FTSE 100 - Fallers
Barratt Developments (BDEV) 460.00p -2.17%
Compass Group (CPG) 1,124.00p -1.83%
Shire Plc (SHP) 4,868.00p -1.74%
easyJet (EZJ) 1,701.00p -1.45%
Reckitt Benckiser Group (RB.) 5,505.00p -1.43%
CRH (CRH) 1,723.00p -1.37%
London Stock Exchange Group (LSE) 2,330.00p -1.31%
Taylor Wimpey (TW.) 135.20p -1.31%
WPP (WPP) 1,440.00p -1.30%
Persimmon (PSN) 1,597.00p -1.30%
FTSE 250 - Risers
Poundland Group (PLND) 386.20p +7.94%
Evraz (EVR) 183.60p +3.55%
Bank of Georgia Holdings (BGEO) 2,181.00p +2.93%
Hunting (HTG) 507.00p +2.84%
Kaz Minerals (KAZ) 235.50p +2.52%
Vedanta Resources (VED) 485.40p +2.36%
Centamin (DI) (CEY) 69.50p +2.28%
AL Noor Hospitals Group (ANH) 979.50p +2.08%
Premier Farnell (PFL) 161.20p +1.96%
Ashmore Group (ASHM) 299.50p +1.87%
FTSE 250 - Fallers
Tate & Lyle (TATE) 583.50p -12.19%
Lonmin (LMI) 179.40p -4.73%
COLT Group SA (COLT) 131.90p -4.49%
Game Digital (GMD) 270.10p -2.39%
Euromoney Institutional Investor (ERM) 1,002.00p -2.34%
Just Eat (JE.) 347.00p -1.98%
Allied Minds (ALM) 440.00p -1.92%
Smith (DS) (SMDS) 313.60p -1.91%
Ted Baker (TED) 2,377.00p -1.90% |
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| | UK Event Calendar | | Friday February 06
INTERIM DIVIDEND PAYMENT DATE
Bisichi Mining, ICAP
QUARTERLY PAYMENT DATE
Investors Capital Trust 'A' Shares
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Credit (US) (20:00)
Industrial Production (GER) (11:00)
Non-Farm Payrolls (US) (13:30)
Unemployment Rate (US) (13:30)
GMS
Jubilee Platinum
AGMS
LED International Holdings Limited (DI), Shaftesbury
UK ECONOMIC ANNOUNCEMENTS
Balance of Trade (09:30)
New Car Registrations (09:30)
FINAL DIVIDEND PAYMENT DATE
Aberdeen Asset Management, Britvic, Connect Group, Daily Mail and General Trust A (Non.V), Grainger, Henderson European Focus Trust |
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| | Europe Market Report | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks little changed ahead of US non-farm payrolls report European stocks were little changed ahead of the release of the US non-farm payrolls report. Analysts are predicting US employers added 230,000 jobs in January after a 252,000 increase a month earlier. If the Labor Department's data comes in as expected, it would make the 12th consecutive month in which it has reached more than 200,000.
The unemployment rate is forecast to remain at 5.6%.
The data follows Thursday's initial jobless claims figures which showed a 11,000 last week but remained at historically-low levels.
In the euro-area, Greece continued to be in focus as finance minister Yanis Varoufakis urged Germany to help end the "gross indignity" of the Greek debt crisis.
Following talks with his German counterpart Wolfgang Schaeuble, Varoufakis said "too much time, hopes, lives" had been wasted by Greece's forced austerity programme.
Varoufakis has been seeking support for Greece's plan to renegotiate its international bailout.
Meanwhile, German industrial output fell 0.7% year-on-year in December after a 0.3% drop in November. Analysts had predicted a 0.3% decline.
Among companies, travel stocks fell the most on the Stoxx 600, including Air France, as oil prices begin to bounce back.
Brent crude rose 3.3% to $58.53 per barrel in morning trade, according to the ICE.
Statoil ASA advanced after Norway's biggest energy company cost cuts further to withstand depressed oil prices. |
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| | US Market Report | | US close: Markets advance amid positive data and rising oil prices US stocks rose on Thursday after oil prices once again rebounded and unemployment claims grew less than expected. The Dow Jones Industrial Average was flat at 17,673.02 while Nasdaq grew 0.83% to 4,256.18 and S&P 500 advanced 1.03% to 2,062.52.
US initial jobless claims for the week ending 31 January rose 11,000 to 278,000, coming in below consensus expectations of 290,000.
Barclays Research said: "The Labor Department reported no special factors in this week's report and said that no states mentioned the blizzard during the reference week as having depressed jobless claims."
However, Connor Campbell from Spreadex added: "Even if the Dow Jones does close the week strong, it will not change the fact that the USA's current economic recovery does appear robust enough to justify an interest rate hike from the Fed.
Oil prices made gains with WTI up 4.3% to $50.65 a barrel and Brent up 4.6% to $56.77 a barrel.
Campbell added: "Brent Crude crawled its way back up to $56 per barrel this afternoon; however, this move didn't cause the explosive gains that were seen at the start of the week after investors were wary over the longevity of this rebound."
Meanwhile, Reuters found that 73% of S&P 500 companies who have reported results so far beat estimates, improving on the last four quarters by 4%.
Over on COMEX, gold futures rose 0.05% to $1,265.10 while the dollar rose against the yen but declined against the pound and the euro.
The yield on a benchmark US 10-year Treasury rose six basis points to 3.45%.
S&P 500 - Risers
Hospira Inc. (HSP) $87.64 +35.25%
Ball Corp (BLL) $72.03 +8.89%
Denbury Resources Inc. (DNR) $8.89 +8.55%
Estee Lauder Co. Inc. (EL) $78.40 +8.06%
O'Reilly Automotive Inc. (ORLY) $208.24 +8.06%
Freeport-McMoRan Inc (FCX) $19.59 +7.11%
Allegheny Technologies Inc. (ATI) $32.17 +6.49%
Snap On Inc. (SNA) $139.67 +6.25%
Microchip Technology Inc. (MCHP) $49.04 +5.85%
Frontier Communications Co. (FTR) $7.70 +5.77%
S&P 500 - Fallers
Teradata Corp. (TDC) $42.19 -10.20%
Prudential Fincl Inc. (PRU) $75.32 -5.72%
Twenty-First Century Fox Inc Class A (FOXA) $32.80 -5.37%
Keurig Green Mountain Inc (GMCR) $115.30 -4.87%
Costco Wholesale Corp. (COST) $149.09 -4.38%
Alliance Data Systems Corp. (ADS) $279.73 -4.31%
Cummins Inc. (CMI) $138.11 -4.20%
United States Steel Corp. (X) $23.43 -3.30%
Scripps Network Interactive Inc. (SNI) $71.69 -3.23%
Discovery Communications Inc. Class A (DISCA) $29.19 -3.02%
Dow Jones I.A - Risers
E.I. du Pont de Nemours and Co. (DD) $76.00 +3.06%
Pfizer Inc. (PFE) $32.99 +2.87%
Visa Inc. (V) $271.80 +2.61%
Cisco Systems Inc. (CSCO) $27.26 +2.14%
Caterpillar Inc. (CAT) $83.57 +1.98%
United Technologies Corp. (UTX) $120.11 +1.97%
Microsoft Corp. (MSFT) $42.45 +1.46%
General Electric Co. (GE) $24.50 +1.41%
Walt Disney Co. (DIS) $102.64 +1.34%
American Express Co. (AXP) $84.73 +1.34%
Dow Jones I.A - Fallers
Nasdaq 100 - Risers
O'Reilly Automotive Inc. (ORLY) $208.24 +8.06%
Charter Communications Inc. (CHTR) $174.29 +6.80%
Vimpelcom Ltd Ads (VIP) $4.57 +4.58%
Regeneron Pharmaceuticals Inc. (REGN) $413.87 +3.12%
Celgene Corp. (CELG) $120.02 +2.96%
Biogen Idec Inc. (BIIB) $401.79 +2.73%
Amazon.Com Inc. (AMZN) $373.89 +2.51%
Liberty Media Corporation - Class A (LMCA) $36.49 +2.36%
Intuitive Surgical Inc. (ISRG) $516.17 +2.23%
Sirius XM Holdings Inc (SIRI) $3.69 +2.22%
Nasdaq 100 - Fallers
Twenty-First Century Fox Inc Class A (FOXA) $32.80 -5.37%
Keurig Green Mountain Inc (GMCR) $115.30 -4.87%
Costco Wholesale Corp. (COST) $149.09 -4.38%
Discovery Communications Inc. Class A (DISCA) $29.19 -3.02%
Nxp Semiconductors Nv (NXPI) $78.27 -1.86%
Vodafone Group Plc ADS (VOD) $35.18 -1.59%
Yahoo! Inc. (YHOO) $43.54 -1.14%
TripAdvisor Inc. (TRIP) $70.58 -0.84%
Xilinx Inc. (XLNX) $39.56 -0.69% |
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| | Newspaper Round Up | | Friday newspaper round-up: Vladimir Putin, ISIS, Mortgage rate war Russian President Vladimir Putin has spilt political opinion with a surprise peace plan for Ukraine, The Times reported. While France and Germany seem eager to encourage the ceasefire and UN deployment, the UK and the US remain unconvinced.
Jordan has air-raided several ISIS targets in northern Iraq, stepping up their involvement Iraq's American-influenced coalition for the first time, according to The Times. The strike has taken place two days after the terrorist organisation publicised a video of them burning a caged Jordanian pilot to death.
The cost of a typical home loan has been reduced by £1,700 in four weeks by the mortgage rate war developing among banks, The Telegraph reported.
Scotland recorded its highest number of house sales since 2008 in 2014, wrote The Times. More than 93,000 homes were sold, marking an 11.6% rise on the previous year.
Julian Assange has cost the British taxpayer £10m so far by confining himself to the Ecuadorean embassy in London. According to The Times, Assange has no intention of leaving and has been at the embassy for almost 1,000 days while the Metropolitan police keep tabs on him 24 hours a day.
Revenue and Customs has launched an investigation on thousands of tax avoidance schemes in an effort to recoup the £14bn that is owed, said an article in The Times.
The winter 2015 flu vaccine only provides Brits with "low protection" against the main strain making its way around the country, wrote The Guardian. It apparently was able to fend off the virus just 3% of the time in lab tests compared with 50% in previous cases.
Accountancy firm PwC has rejected accusations made by the Commons Public Accounts Committee (PAC) that it heralds tax avoidance schemes, wrote The Telegraph. | | |
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