| | | | | | | | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks inch higher, but gains limited early on UK stocks edged higher on Tuesday morning ahead of a busy day for economic data, with B&Q owner Kingfisher leading the rise early on.
The FTSE 100 was up 0.1% at 6,896.06, extending gains after snapping a four-day losing streak on Monday.
Asian stocks rose on Tuesday after Beijing unveiled new measures to support the Chinese housing market. Curbs on lending and tax policies were eased in an effort to stop a downturn which has dampened economic growth.
However, gains were in London only modest with investors treading cautiously on the last day of the first quarter. Analyst Craig Erlam from Oanda said quarter-end can bring about "some unusual trading activity" as investors balance their books. "The fact that we're also approaching the end of the financial year may also feed into this," he said.
Uncertainty in Greece was also limiting upside after leaders failed to agree on a package of reforms with lenders. Germany has said that proposed reforms from Athens must "add up".
A flurry of economic data from the UK is also due for release on Tuesday, including consumer confidence, balance of payments, and the final estimate of fourth-quarter gross domestic product.
German unemployment data revealed that the jobless rate hit an all-time low of 6.4% in March, while retail data from the country also smashed expectations. Meanwhile, Eurozone consumer prices will also be in focus and are predicted to have fallen at an annual rate of 0.1% in March after a 0.3% decline in February.
Kingfisher and Antofagasta gain
DIY retailer Kingfisher impressed investors with plans to close 60 stores, as new chief executive Vronique Laury announced full year results and set out her plans for a "very different" company. The company announced a 200m cash return for the coming financial year as it revealed adjusted annual profits fell 7.5% to 675m last year.
Mining group Antofagasta was also higher after quashing rumours that it was looking to merge with copper producing peer Teck Resources.
British American Tobacco and Imperial Tobacco were lower on concerns that the Lorrillard-Reynolds merger will fall apart. Reynolds shareholder BAT had agreed to invest $4.7bn and was hoping to keep a 42% stake in the enlarged business, while Imperial was set to spend $7.1bn on a number of assets that the two US groups were selling.
Energy services outfit Wood Group rose after winning a major new contract with French oil giant Total in the UK Continental Shelf. The company said it was a five-year, multimillion-dollar contract which includes the option for two one-year extensions. |
| | Up to 8% yields passive income | | Earn passive income with this fantastic opportunity in Manchester's cultural hub, Salford Quays. Recently ranked second highest as a British buy-to-let hotspot, 'The Canary Wharf of Manchester' is an investment opportunity not to be missed! Click here to find out more |
| Market Movers
techMARK 3,189.22 +0.27%
FTSE 100 6,896.06 +0.07%
FTSE 250 17,290.08 +0.48%
FTSE 100 - Risers
Kingfisher (KGF) 381.50p +4.58%
Babcock International Group (BAB) 989.50p +2.75%
Weir Group (WEIR) 1,756.00p +2.57%
St James's Place (STJ) 955.00p +2.25%
Coca-Cola HBC AG (CDI) (CCH) 1,247.00p +2.21%
Hikma Pharmaceuticals (HIK) 2,216.00p +2.07%
Persimmon (PSN) 1,680.00p +2.00%
Travis Perkins (TPK) 1,977.00p +1.91%
Whitbread (WTB) 5,335.00p +1.81%
Carnival (CCL) 3,332.00p +1.77%
FTSE 100 - Fallers
Imperial Tobacco Group (IMT) 3,005.00p -2.05%
Meggitt (MGGT) 554.00p -1.60%
Burberry Group (BRBY) 1,745.00p -1.52%
Fresnillo (FRES) 692.00p -1.21%
British American Tobacco (BATS) 3,553.50p -1.14%
Friends Life Group Limited (FLG) 417.30p -1.09%
Randgold Resources Ltd. (RRS) 4,763.00p -1.06%
Diageo (DGE) 1,884.00p -0.95%
Aviva (AV.) 545.00p -0.82%
Direct Line Insurance Group (DLG) 320.80p -0.77%
FTSE 250 - Risers
Kaz Minerals (KAZ) 220.80p +4.15%
SIG (SHI) 205.40p +4.05%
JD Sports Fashion (JD.) 494.80p +3.67%
Rentokil Initial (RTO) 139.70p +3.10%
RPC Group (RPC) 592.50p +2.51%
Thomas Cook Group (TCG) 146.40p +2.31%
Nostrum Oil & Gas (NOG) 578.00p +2.30%
Home Retail Group (HOME) 171.60p +2.26%
Spirax-Sarco Engineering (SPX) 3,469.00p +2.12%
Computacenter (CCC) 697.50p +2.12%
FTSE 250 - Fallers
Mitie Group (MTO) 271.00p -7.32%
Go-Ahead Group (GOG) 2,338.00p -3.23%
Infinis Energy (INFI) 185.00p -2.06%
Vedanta Resources (VED) 520.00p -1.70%
Allied Minds (ALM) 681.00p -1.30%
Bwin.party Digital Entertainment (BPTY) 80.15p -1.29%
Petrofac Ltd. (PFC) 971.00p -1.27%
AL Noor Hospitals Group (ANH) 1,013.00p -1.17%
Acacia Mining (ACA) 263.30p -1.01% |
| | UK Event Calendar | | INTERIMS
Inland Homes, James Halstead
INTERIM DIVIDEND PAYMENT DATE
BHP Billiton, The Renewables Infrastructure Group Limited
QUARTERLY PAYMENT DATE
Custodian Reit , HICL Infrastructure Company Ltd, MedicX Fund Ltd., Premier Energy & Water Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Chicago PMI (US) (14:45)
Consumer Confidence (US) (15:00)
International Reserves (EU) (11:00)
Unemployment Rate (EU) (10:00)
Unemployment Rate (GER) (08:55)
FINALS
Avengardco Investments Public Ltd GDR, Chesnara, Christie Group, e-Therapeutics, InternetQ, Kingfisher, LiDCO Group, Martinco , MMC Norilsk Nickel ADR, PJSC Centre For Cargo Container Traffic Transcontainer GDR (Reg S)
ANNUAL REPORT
EMIS Group, Ferrexpo, Old Mutual
SPECIAL DIVIDEND PAYMENT DATE
Rensburg AIM VCT
AGMS
China Rerun Chemical Group Ltd (DI), ECR Minerals, Horizonte Minerals, Hume Capital Securities, IRF European Finance Investments Ltd (DI), Sula Iron & Gold, Turkiye is Bankasi A.S GDR C Shs (Reg S)
TRADING ANNOUNCEMENTS
Thomas Cook Group
UK ECONOMIC ANNOUNCEMENTS
Balance of Payments (09:30)
Consumer Confidence (09:30)
Current Account (09:30)
GDP (quarterly national accounts) (09:30)
GFK Consumer Confidence (00:05)
Index of Services (09:30)
FINAL DIVIDEND PAYMENT DATE
Aviva 8 3/8% Cumulative Irrd Preference 1, Henderson Opportunities Trust, Innovation Group, Northern Electricity Prf, Rights & Issues Inv Trust Capital Shares, Rights & Issues Inv Trust Income Shares, Temple Bar Inv Trust |
| | Will you be able to retire in comfort? | | Download the 15-Minute Retirement Plan by Fisher Investments.
Click here to download! |
| | Europe Market Report | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Equities gain as German jobless rate falls unexpectedly European equities gained as German reports showed the unemployment rate fell and retail sales rose more than forecast.
The German unemployment rate unexpectedly dropped to 6.4% in March from 6.5% the prior month.
German retail sales rose 3.6% year-on-year in February, more than the 3.4% gain expected.
Tuesday's agenda also sees the release of Eurozone consumer price data at 09:00 GMT which is expected to show a 0.1% fall this month, easing back from a 0.3% decrease in February.
Separately, the Eurozone unemployment rate will released at the same time with the consensus forecast pointing to an unchanged 11.2% in March.
Meanwhile, the market continued to watch Greece as Prime Minister Alex Tsipras appealed for a compromise with international creditors on debt negotiations.
Greece is reportedly set to run out of cash by 20 April unless the nation's government can reach a deal with lenders to unlock further aid.
While Greek stocks have been declining, investors have put cash in an exchange-traded fund tracking the equities every week in 2015 amounting to about $167m, according to data from Bloomberg.
Company-wise, Antofagasta rallied amid reports the miner is looking into a merger with Teck Resources. However, the companies denied they were currently in talks to merge.
Yoox SpA advanced after agreeing to buy Net-a-Porter business for stock valued at about €719m. Shares of the Swiss owner, Financiere Richemont, slumped.
In commodities, Brent crude dropped 1.2% to $55.61 per barrel, according to the ICE. |
| | 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 jumps 260 points as stocks rally on Yellen's comments US stocks rallied on Monday, as investors remained buoyed by comments Federal Reserve chairwoman Janet Yellen made late on Friday.
The Dow Jones Industrial Average closed up 263.65 points to 17,976.31, while the S&P 500 and the gained Nasdaq 25 and 56 points respectively.
The Fed chairwoman said the central bank would be "uncomfortable" hiking rates if consumer prices, wage growth and other measures of underlying inflation were to weaken.
"Wage growth, spending and inflation are the bigger concern of the Fed right now and the core personal consumption expenditure price index is the Fed's preferred inflation measure," said Craig Erlam, senior market analyst at Oanda.
Personal incomes in the US grew slightly more quickly than expected last month, but gains in spending failed to meet analysts' forecasts.
Consumer expenditures grew by 0.1% month-on-month, according to the Bureau of Economic Analysis, while incomes grew 0.4% month-on-month in February, in line with analysts' expectations.
Analysts at Capital Economics said they expected Fed funds rate to finish 2016 higher than 2.5%.
"We dispute Yellen's apparent assertion that the equilibrium real rate is now as low as zero and we're sceptical of the FOMC's unemployment and inflation projections too," they said in a note.
"We think the former will fall more rapidly while the latter will rebound sooner."
Meanwhile, US pending home sales in February climbed to their highest level since June 2013, figures released on Monday showed.
The National Association of Realtors (NAR) said its pending-home-sales index increased 3.1% month-on-month to 106.9 from the downwardly revised January's figure, meaning the index has risen 12% from February 2012.
In company news, Auspex Pharmaceuticals jumped 41.53% after it had agreed to a $3.2bn takeover offer from sector peer Teva Pharmaceutical Industries.
Pharmacy-benefit manager group Catamaran Corp surged 23.82% after confirming it had accepted a takeover bid, worth approximately $12.8bn, from UnitedHealth Group, which rose over 2.53%.
Shell eggs manufacturer and distributor Cal-Maine Foods slid 1.79% despite reporting that sales climbed 11% in the third quarter on the back of increased demand over the holiday period.
Electric carmaker Tesla Motors rose 3.01%, after group chief executive Elon Musk teased investors by tweeting that the company would launch a new product at the end of next month, but it will not be a car.
After tumbling on Friday, oil prices slid slightly, with West Texas Intermediate losing 0.25% to $48.99 a barrel, while Brent crude slid 0.05% to $56.38 a barrel.
The dollar rose over 0.57% against the euro and the pound and gained 0.74% against the euro, while gold futures slid 1.21% to $1,185.30.
S&P 500 - Risers
Analog Devices Inc. (ADI) $64.82 +10.16%
CONSOL Energy Inc. (CNX) $27.93 +4.37%
Peabody Energy Corp. (BTU) $5.34 +4.09%
HCP Inc. (HCP) $43.81 +3.94%
Carmax Inc. (KMX) $69.22 +3.79%
Express Scripts Holding Co (ESRX) $85.40 +3.67%
Staples Inc. (SPLS) $16.70 +3.63%
Western Union Co. (WU) $20.40 +3.55%
Exelon Corp. (EXC) $33.57 +3.52%
EQT Corp. (EQT) $82.70 +3.28%
S&P 500 - Fallers
Altera Corp. (ALTR) $42.82 -3.54%
Mylan Inc. (MYL) $60.00 -2.64%
Lorillard Inc. (LO) $66.42 -2.60%
GameStop Corp. (GME) $37.69 -1.75%
Intel Corp. (INTC) $31.46 -1.69%
Reynolds American Inc. (RAI) $69.47 -1.60%
Chipotle Mexican Grill Inc. (CMG) $655.36 -1.11%
Starwood Hotels & Resorts Worldwide Inc. (HOT) $84.33 -1.06%
H&R Block Inc. (HRB) $31.71 -1.00%
Newmont Mining Corp. (NEM) $22.02 -0.94%
Dow Jones I.A - Risers
Boeing Co. (BA) $152.70 +2.59%
Unitedhealth Group Inc. (UNH) $121.00 +2.53%
Chevron Corp. (CVX) $106.90 +2.51%
Exxon Mobil Corp. (XOM) $85.63 +2.45%
JP Morgan Chase & Co. (JPM) $60.96 +2.37%
Travelers Company Inc. (TRV) $109.64 +2.34%
Caterpillar Inc. (CAT) $81.37 +2.13%
Cisco Systems Inc. (CSCO) $27.65 +1.92%
United Technologies Corp. (UTX) $118.83 +1.65%
Goldman Sachs Group Inc. (GS) $191.02 +1.57%
Dow Jones I.A - Fallers
Intel Corp. (INTC) $31.46 -1.69%
Microsoft Corp. (MSFT) $40.96 -0.02%
Nasdaq 100 - Risers
Catamaran Corp (CTRX) $59.90 +23.97%
Analog Devices Inc. (ADI) $64.82 +10.16%
Express Scripts Holding Co (ESRX) $85.40 +3.67%
Staples Inc. (SPLS) $16.70 +3.63%
Tesla Motors Inc (TSLA) $190.57 +3.01%
Broadcom Corp. (BRCM) $44.12 +2.81%
QUALCOMM Inc. (QCOM) $68.88 +2.77%
Vimpelcom Ltd Ads (VIP) $5.35 +2.69%
Mondelez International Inc. (MDLZ) $36.50 +2.67%
Apple Inc. (AAPL) $126.37 +2.53%
Nasdaq 100 - Fallers
Altera Corp. (ALTR) $42.82 -3.54%
Mylan Inc. (MYL) $60.00 -2.64%
Intel Corp. (INTC) $31.46 -1.69%
Vodafone Group Plc ADS (VOD) $33.22 -0.72%
Discovery Communications Inc. Class A (DISCA) $31.09 -0.58%
Sba Communications Corp. (SBAC) $120.19 -0.46%
Yahoo! Inc. (YHOO) $44.95 -0.33%
Gilead Sciences Inc. (GILD) $100.69 -0.31%
Applied Materials Inc. (AMAT) $22.77 -0.26% |
| | Access property investments usually reserved for the largest investors | | Cogress is a property investment firm that give qualified investors access to unique real estate investments. Past investments made by our management team showed an average of 22.7% returns annually. Receive our FREE Investment Pack. |
| | Newspaper Round Up | | Tuesday newspaper round-up: RBS, David Cameron, Ed Miliband According to The Times, Rory Cullinan, executive chairman of RBS's corporate and institutional bank, is to leave the bank after it was revealed he was sending social media messages complaining about "bored" meetings.
Prime minister David Cameron has promised to create an extra 1,000 new jobs every day if he wins the upcoming election, The Telegraph reported.
Ed Miliband will face mutiny threats from his fellow MPs if he goes on with his planned public spending cuts after the election, wrote The Times.
Crisis talks were held Monday night over the future of a 20m criminal investigation into newspaper payments for information called Operation Elveden, according to The Times.
Britain will offer millions of dollars in tax breaks to digital-game developers in an effort to attract talent, wrote The Wall Street Journal.
David Cameron's claim that working families will fact an average tax rise of 3,000 if Labour becomes elected has been slammed as "unhelpful and of little value" by a leading UK think tank, according to The Guardian.
The next government needs to radically reform the UK's approach to energy efficiency as previous governments have drastically failed, The Guardian reported.
China's Navy expansion has concerned the US as its government has become split on whether to view Beijing as a naval partner or future adversary, according to The Wall Street Journal. | | |
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