Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Thursday, 30 April 2015 10:00:00 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan Could Tesco be the Buying Opportunity of the Year? Baron Rothschild famously said "The time to buy is when there's blood in the streets." Click here for your FREE report. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: IAG, RBS and Schroders lead UK markets lower UK stock markets picked up where they left off on Thursday, falling for the third straight day on the back of mostly worse-than-expected corporate earnings and hawkish comments from the Federal Reserve. The FTSE 100 was trading 0.43% lower at 6,916.69 early on, with heavyweights IAG, RBS and Schroders providing a drag. The index, which has not closed below current levels since 2 April, continued to pull back from its record closing high of 7,103.98 on Monday. The Federal Open Market Committee was in focus for UK investors after the US central bank announced its policy decision after the close on Wednesday. Policymakers issued a cautiously optimistic outlook on the economy in their statement, saying that the current economic slowdown is only temporary. Data on Wednesday showed that annualised US gross domestic product growth slowed to just 0.2% in the first quarter from 2.2% previously. Analysts at Danske Bank reckon that the Fed is still on track to hike rates by 25 basis points in September. However, Barclays said that the statement still left the door open for a rate hike as soon as June: "In our view, the lack of any specific calendar time suggests June will be a 'live' meeting, where rate hike deliberations will begin in more earnest." IAG, RBS and Schroders fall Airline conglomerate IAG underwhelmed despite making its first-ever profit in the first quarter. The company beat expectations with an operating profit of €25m, compared with a €150m loss the year before. Royal Bank of Scotland made a £446m loss in the first quarter of the year, more than double what had been feared as it was hit by £453m of restructuring costs and set aside £856m for litigation and conduct charges. Financial services giant Schroders also fell as profits for the first quarter missed forecasts. The company did however beat estimated with a 6.5% increase in assets under management to £319.5bn. Royal Dutch Shell revealed a 56% drop in first-quarter earnings to $3.25bn but that wasn't as bad as expected, helping the stock higher early on. Shell also shaved its capital investment budget for 2015 by $2bn to "$33bn or less". Medical services group Smith & Nephew edged higher as it reported a slight increase in first quarter revenue and reiterated its expectations for 2015. Shares in RPS Group dropped sharply after the industrial consultancy outfit said the continuing volatility in the oil and gas sector meant its energy business had a slower-than-expected start to the year. Zoopla, the residential property website group, soared after agreeing to acquire utility price comparison site uSwitch for up to £190m. A number of stocks were trading lower after going ex-dividend, including Centrica, Fresnillo, ITV, Reed Elsevier and Travis Perkins. Market Movers techMARK 3,164.56 -0.71% FTSE 100 6,916.69 -0.43% FTSE 250 17,379.37 -0.58% FTSE 100 - Risers Royal Mail (RMG) 456.10p +2.68% CRH (CRH) 1,854.00p +1.70% Associated British Foods (ABF) 2,829.00p +1.36% Royal Dutch Shell 'B' (RDSB) 2,088.00p +0.92% Royal Dutch Shell 'A' (RDSA) 2,068.00p +0.78% Tesco (TSCO) 222.00p +0.70% Smiths Group (SMIN) 1,156.00p +0.52% National Grid (NG.) 882.30p +0.44% BG Group (BG.) 1,170.00p +0.39% Sainsbury (J) (SBRY) 269.30p +0.37% FTSE 100 - Fallers ITV (ITV) 249.80p -5.20% Centrica (CNA) 256.90p -4.00% International Consolidated Airlines Group SA (CDI) (IAG) 540.00p -3.40% Royal Bank of Scotland Group (RBS) 340.20p -2.66% Reed Elsevier (REL) 1,062.00p -2.48% Meggitt (MGGT) 523.50p -2.15% InterContinental Hotels Group (IHG) 2,787.00p -2.00% Hargreaves Lansdown (HL.) 1,210.00p -1.71% Schroders (SDR) 3,206.00p -1.63% Experian (EXPN) 1,154.00p -1.45% FTSE 250 - Risers Zoopla Property Group (WI) (ZPLA) 210.00p +13.51% Countrywide (CWD) 525.00p +2.14% Premier Oil (PMO) 177.90p +2.01% Moneysupermarket.com Group (MONY) 280.20p +1.82% Bellway (BWY) 1,973.00p +1.60% AL Noor Hospitals Group (ANH) 896.00p +1.24% Grafton Group Units (GFTU) 827.50p +1.22% Amec Foster Wheeler (AMFW) 920.00p +1.21% Galliford Try (GFRD) 1,486.00p +1.09% Cairn Energy (CNE) 180.30p +1.01% FTSE 250 - Fallers Ophir Energy (OPHR) 141.50p -12.60% Fisher (James) & Sons (FSJ) 1,179.00p -9.52% RPS Group (RPS) 216.70p -8.22% Berendsen (BRSN) 1,047.00p -3.86% William Hill (WMH) 353.90p -3.49% Booker Group (BOK) 144.00p -3.36% Informa (INF) 542.00p -3.21% Cobham (COB) 293.20p -3.04% Card Factory (CARD) 320.40p -2.94% FCA regulated advice in FX, Gold and Silver Beta 2 is proud to offer personalised FCA regulated advice, completely tailored to your requirements. Attempting to yield returns in any climate, this is exclusive to ADVFN users! Click here to learn more! UK Event Calendar Thursday 30 April INTERIMS Superglass Holdings INTERIM DIVIDEND PAYMENT DATE Abbey, Coral Products, Manchester & London Investment Trust, Wolseley INTERIM EX-DIVIDEND DATE BlackRock Greater Europe Inv Trust, Card Factory, Fidelity Special Values, Royal Bank of Scotland 11% Cum. Prf, Royal Bank of Scotland 5.5% Cum. Prf., SCS Group , Wetherspoon (J.D.) QUARTERLY PAYMENT DATE Albion Technology & General VCT, Assura , JP Morgan Chase & Co, Middlefield Canadian Income PCC, Schroder Income Growth Fund, TwentyFour Select Monthly Income Fund Limited QUARTERLY EX-DIVIDEND DATE City of London Inv Trust, JPMorgan Claverhouse Inv Trust INTERNATIONAL ECONOMIC ANNOUNCEMENTS Chicago PMI (US) (14:45) Continuing Claims (US) (13:30) Initial Jobless Claims (US) (13:30) International Reserves (EU) (11:00) Personal Consumption Expenditures (US) (13:30) Personal Income (US) (13:30) Personal Spending (US) (13:30) Unemployment Rate (EU) (10:00) Unemployment Rate (GER) (08:55) Q3 Kofax Limited (DI) GMS Bank Pekao SA GDS (Reg S), BT Group, Sphere Medical Holding FINALS Access Intelligence, GLOBO, Goldenport Holdings Inc. (DI), Harvey Nash Group, JQW, Saga ANNUAL REPORT Kazakhstan Kagazy GDR (Reg S), Matomy Media Group Limited (DI) , Plaza Centers NV IMSS Berendsen, Fisher (James) & Sons, Howden Joinery Group, Kaz Minerals , Royal Bank of Scotland Group, Schroders, Schroders (Non-Voting), Synthomer, Tullow Oil SPECIAL DIVIDEND PAYMENT DATE Brit , Manchester & London Investment Trust SPECIAL EX-DIVIDEND PAYMENT DATE Foxtons Group , ITV EGMS Resource Holding Management Limited (DI) AGMS Aga Rangemaster Group, Alkane Energy, Anglo Pacific Group, ARM Holdings, BBGI SICAV S.A. (DI), BBGI SICAV S.A. (DI), Berendsen, BlackRock Latin American Inv Trust, COLT Group SA, Diamond Bank GDR (Reg S), Everyman Media Group , FDM Group (Holdings), Fisher (James) & Sons, Fyffes, GLI Finance Limited, Great Western Mining Corporation, H&T Group, Henderson Group, IndigoVision Group, International Personal Finance, Kalimantan Gold Corp Ltd. (DI), Kerry Group 'A' Shares, LSL Property Services, LSL Property Services, LSL Property Services, Modern Water, Moneysupermarket.com Group, RIT Capital Partners, Schroders, Schroders (Non-Voting), STV Group, Synthomer, Tullow Oil, Ultra Electronics Holdings, Unilever, Witan Inv Trust TRADING ANNOUNCEMENTS Smith & Nephew UK ECONOMIC ANNOUNCEMENTS Consumer Confidence (09:30) GFK Consumer Confidence (00:05) FINAL DIVIDEND PAYMENT DATE Asian Total Return Investment Company, Brit , Dragon Oil, Wynnstay Group FINAL EX-DIVIDEND DATE Aer Lingus Group, Capital Drilling Ltd. (DI), Card Factory, Cello Group, Cenkos Securities, Centrica, Cobham, Croda International, Dialight, Dunedin Enterprise Investment Trust, F&C Private Equity Trust, Ferrexpo, Foxtons Group , Fresnillo, Henry Boot, Highland Gold Mining Ltd., Holders Technology, Hunting, Hydrogen Group, Informa, ITV, McColl's Retail Group , Merlin Entertainments , Morgan Sindall Group, National Express Group, Neptune-Calculus Income & Growth VCT, Polymetal International, Porvair, Quixant, Reed Elsevier, Regus, Rexam, SDL, Senior, Servelec Group , SIG, Spirax-Sarco Engineering, StatPro Group, SThree, Total Produce, Travis Perkins, Weir Group, William Hill Q1 First Quantum Minerals Ltd., International Consolidated Airlines Group SA (CDI), Lancashire Holdings Limited, Royal Dutch Shell 'A', Royal Dutch Shell 'A', Royal Dutch Shell 'B', Royal Dutch Shell 'B', Shire Plc, Smith & Nephew Free Expert Signals & Exclusive Bonus It’s common knowledge that successful trading requires being connected to professional analysts. Sunbird FX is excited to offer you FREE market signals today with your registration, and exclusively for ADVFN users an added 30% start up bonus Click here to get started! Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Equities decline ahead of Eurozone inflation figures European equities declined following a mixed message from the US Federal Reserve on interest rates. The Fed decided to keep interest rates unchanged, as expected, and remained vague about the timing of the first hike. The US central bank indicated it will raise rates soon so long as the economy continued to grow. The statement said the slowdown in economic growth was "transitory" and said it expects inflation to gradually rise towards 2% over the medium-term. "As always, people are going to drill into the statement and interpret it in whatever way supports their own particular views," said Craig Erlam, senior market analyst at Oanda. "This month's statement makes that very easy because the more dovish among us will focus on the acknowledgement that growth slowed in the winter months and inflation continues to run below the longer term objective." Turning to Thursday's agenda, Eurozone inflation at 10:00 BST will be in focus with analysts expecting an improvement. The consumer price index is forecast to come in a zero growth in April compared to a year ago, up from a decline of 0.1% in March. The European Central Bank has been trying to bring inflation back towards its target of just below 2% through its quantitative easing programme. Eurozone labour market figures at 10:00 are also expected to show improvement with economists estimating the unemployment rate to have fallen to 11.2% in March from 11.3% in February. The German unemployment fell 8,000 in April, less than the 15,000 drop predicted, while the jobless rate remained at 6.4%. German retail sales rose 3.5% year-on-year in March, better than the 3.1% increase that was forecast. Meanwhile, euro-area officials have reportedly agreed to pursue negotiations on Greece on Thursday with the target of a preliminary deal by 3 May. It comes after Prime Minister Alexis Tsipras said he expected a deal by the end of next week after reshuffling the negotiating team. The euro was up 1.05% to $1.1245. Later the US sees the release of initial jobless claims and personal income figures. RBS slides after quarterly loss Royal Bank of Scotland slumped after posting a larger quarterly loss than analysts' estimated, mainly due to restructuring costs. Sanofi rallied after reporting quarterly profit and sales that beat forecasts. BASF SE gained after delivering first-quarter profit that exceeded consensus expectations. Nokia Oyj edged lower after posting first-quarter profit at its networks unit that trailed projections. STMicroelectronics NV dropped after giving guidance on revenue and profit margins that was less than analysts' estimates. Apply with ETX Capital Receive a welcome bonus on your first deposit up to 60% (T&C’s apply) Losses can exceed deposits US Market Report US close: Stocks slide after Fed's statement and disappointing GDP US stocks slid on Wednesday after the Federal Reserve said in a statement following its two-day policy meeting left open the chance of an interest-rate hike as early as June. The Dow Jones Industrial Average closed down 74.61 points to 18,035.53, while the S&P and the Nasdaq lost eight and 27 points respectively. At the end of its two-day meeting, the Fed said it anticipates a rebound in the US economy after the sluggish winter months, remaining open to the possibility of an interest-rate increase as early as June. However, the latest statement following Wednesday's meeting could indicate that the central back may want to delay the move, possibly until September. Paul Ashworth, chief US economist at Capital Economics, maintained a positive outlook. "We still think the Fed will start to raise rates in the second half of this year and, as wage growth and price inflation rebound, we anticipate that rates will rise much more rapidly next year than either the markets or the Fed currently expect," he said. Analysts at Barclays claimed Wednesday's statement was in line with expectations and that an first rate hike in September remained the more plausible option. "Our view remains that September is a more likely time for the first rate hike, but we expect several on the committee to argue for a rate hike in June, including Richmond Fed President Jeffrey Lacker, who is a voting member in 2015," they said in a note. US gross domestic product (GDP) expanded by far less than expected over the first three months of the year, although some activity gauges had been hinting at just such an outcome. GDP expanded at a 0.2% quarter-on-quarter annualised pace in the first three months of the year, well below the 1% expected by analysts and the 2.2% growth seen in the fourth quarter. "The slowdown looks temporary, as a rebound from the first-quarter weakness is already being signalled by forward-looking survey data, but the sustainability of any upturn is by no means convincing yet," said Chris Williamson, chief economist at Markit. "Policymakers will probably want to see how the economy performs in the second quarter before passing judgement on whether the time is right to start the process of normalising policy. "That leaves September as the first realistic possibility of rates being hiked, providing of course that the economy bounces back in coming months." US pending home sales rose for the third consecutive month in March, reaching the highest level since June 2013. Figures released by the National Association of Realtors, showed the index rose 1.1% month-on-in March to a seasonally adjusted 108.6, in line with consensus expectations. In corporate news, Twitter fell 8.94% after the group reported a wider-than-expected loss and sales missed estimates late on Tuesday. The social media giant saw its target cut from $50 to $40 by analysts at Wedbush, while analysts at JP Morgan slashed their target from $67 and $55. Time Warner rose 0.55% after its first-quarter profit and sales beat expectations, while wearable video cameras-maker GoPro soared 12.65% after it reported late on Tuesday that its first-quarter profit had jumped 52%. Hilton Worldwide Holdings climbed 1.09% after reporting a 25% increase in first-quarter earnings, while sector peer Wynn Resorts plunged 16.49% after revealing on Tuesday it had swung to a loss. Yelp plunged 13.8% in after-hour market after the group posted a $1.3m loss in the first quarter, even though revenue rose 55% year-on-year. The dollar fell 0.64% and 1.3% against the pound and euro respectively and gained 0.18% against the yen, while gold futures slid 0.86% to $1,203.40. Oil prices rebounded, with West Texas Intermediate jumping 2.4% to $58.48 a barrel, while Brent gained 1.4% to $65.58 a barrel. S&P 500 - Risers Genworth Financial Inc. (GNW) $8.92 +11.64% Starwood Hotels & Resorts Worldwide Inc. (HOT) $87.53 +8.33% Denbury Resources Inc. (DNR) $8.81 +7.97% CONSOL Energy Inc. (CNX) $30.87 +6.78% Transocean Ltd. (RIG) $17.55 +6.43% Diamond Offshore Drilling Inc. (DO) $31.60 +5.37% Avery Dennison Corp. (AVY) $54.61 +5.34% Mondelez International Inc. (MDLZ) $38.70 +5.16% Salesforce.Com Inc. (CRM) $70.28 +5.07% Nabors Industries Ltd. (NBR) $16.47 +4.90% S&P 500 - Fallers Wynn Resorts Ltd. (WYNN) $108.77 -16.64% United States Steel Corp. (X) $23.67 -11.61% Windstream Holdings Inc (WIN) $10.99 -7.69% Humana Inc. (HUM) $168.05 -7.21% Adt Corp (ADT) $37.93 -5.01% Waste Management Inc. (WM) $49.88 -4.94% Garmin Ltd. (GRMN) $45.54 -4.11% CIGNA Corp. (CI) $126.68 -3.82% Owens-Illinois Inc. (OI) $24.19 -3.78% Unitedhealth Group Inc. (UNH) $113.61 -3.38% Dow Jones I.A - Risers Caterpillar Inc. (CAT) $87.50 +1.51% JP Morgan Chase & Co. (JPM) $63.60 +1.34% Visa Inc. (V) $67.34 +0.85% Chevron Corp. (CVX) $111.73 +0.55% Goldman Sachs Group Inc. (GS) $198.56 +0.54% Nike Inc. (NKE) $100.17 +0.31% International Business Machines Corp. (IBM) $174.40 +0.28% McDonald's Corp. (MCD) $97.02 +0.20% Exxon Mobil Corp. (XOM) $87.87 +0.08% Dow Jones I.A - Fallers Unitedhealth Group Inc. (UNH) $113.61 -3.38% Home Depot Inc. (HD) $108.71 -1.69% Wal-Mart Stores Inc. (WMT) $77.88 -1.54% Apple Inc. (AAPL) $128.64 -1.47% Boeing Co. (BA) $146.15 -0.92% Cisco Systems Inc. (CSCO) $29.05 -0.92% 3M Co. (MMM) $156.97 -0.86% E.I. du Pont de Nemours and Co. (DD) $74.18 -0.86% Travelers Company Inc. (TRV) $102.85 -0.80% Procter & Gamble Co. (PG) $79.85 -0.71% Nasdaq 100 - Risers Verisk Analytics Inc. (VRSK) $76.85 +5.80% Mondelez International Inc. (MDLZ) $38.70 +5.16% Charter Communications Inc. (CHTR) $188.30 +3.29% Mylan Inc. (MYL) $74.50 +2.46% Biogen Inc (BIIB) $383.78 +2.43% Discovery Communications Inc. Class A (DISCA) $32.19 +1.55% Citrix Systems Inc. (CTXS) $68.52 +1.50% Alexion Pharmaceuticals Inc. (ALXN) $173.61 +1.48% Altera Corp. (ALTR) $40.72 +1.42% Viacom Inc. Class B (VIAB) $72.27 +1.35% Nasdaq 100 - Fallers Wynn Resorts Ltd. (WYNN) $108.77 -16.64% Garmin Ltd. (GRMN) $45.54 -4.11% Dollar Tree Inc (DLTR) $77.47 -3.13% Express Scripts Holding Co (ESRX) $84.79 -3.10% Yahoo! Inc. (YHOO) $43.28 -2.39% O'Reilly Automotive Inc. (ORLY) $220.96 -2.34% Western Digital Corp. (WDC) $95.83 -2.11% Ross Stores Inc. (ROST) $99.76 -2.03% Autodesk Inc. (ADSK) $59.54 -1.85% Wealth creation through asset backed investments... Take an alternative approach to investing with our latest high fixed return investment opportunity No annual fees, flexible investment periods and income paid quarterly Click here to find out more! Newspaper Round Up Thursday newspaper round-up: Federal Reserve, Greece, Apple Watch "The economy's sharp first-quarter slowdown is giving Federal Reserve officials pause," writes the Wall Street Journal. At the Fed's policy meeting on Wednesday, the central bank's officials showed uncertainty about when the economy will rebound and clouded the outlook for the first rate hike. Greece's deputy prime minister Yannis Dragasakis has said the country could seal deal with creditors in early May, but said it was only likely to be a "minimum agreement" to unlock funds, the Guardian said. According to the Wall Street Journal, a key component of the Apple Watch has been found to be defective, meaning that the tech giant will limit the availability of the new product. The so-called taptic engine component is made by China-based AAC Technologies. Brazil has raised interest rates to a six-year high, lifting the Selic rate by 50 basis points to 13.25%, the Financial Times reports. The Times has said that UK Oil & Gas and Evocutis, two companies led by David Lenigas, bought stakes in the Horse Hill development at elevated prices from a business with links to the well-known oil mogul. Apple has warned the "material" impact from the European Commission's probe into Ireland's tax treatment of multinationals if it was found that Dublin's policies represented unfair state aid, the Telegraph reports. Gatwick chairman Sir Roy McNulty told the Times that a close election or hung parliament will scupper Heathrow expansion plans.   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 Wednesday, 29 April 2015 17:40:23 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan Could Tesco be the Buying Opportunity of the Year? Baron Rothschild famously said "The time to buy is when there's blood in the streets." Click here for your FREE report. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Stocks retreat further from record on weak US data, Greece Stocks dropped sharply again on Wednesday as gloomy US economic data and ongoing uncertainty in Greece hammered sentiment. London's FTSE 100 finished 1.2% lower at 6,946.28, with investors extra cautious ahead of a policy statement at the Federal Reserve after the close. This was the second straight day of +1% losses for the Footsie as the index continued to pull back from the record closing high of 7,103.98 reached on Monday. After a slow start, markets sank into the red in the afternoon as data revealed that the US economy barely expanded at the start of the year. US gross domestic product grew by an annualised 0.2% in the first quarter, compared with the 2.2% growth seen in the fourth quarter and the 1% growth expected by analysts. The dollar immediately weakened following the report, sending the euro-dollar exchange rate to its highest since early March, driven further by data which showed the first rise in European bank lending for three years. "The benefit to exporters of the weaker euro has been a large driver of higher European stocks, so signs that the euro is starting to recover has been a cue for many to take profits after the 20%+ gains seen this year," said analyst Jasper Lawler from CMC Markets UK. Greece was also in focus for investors on reports that Athens will present a list of reforms to creditors on Wednesday. The draft bill is set to outline several reforms for legislation, but was believed not to include additional concessions from the ones already agreed with lenders. The Federal Open Market Committee is due to announce its vote on monetary policy at 19:00 following a two-day meet-up in Washington, with markets awaiting hints on when the first interest rate increase will be. Earnings come in mixed Banking group Barclays declined after first-quarter results showed statutory group profits decreased 26% to £1.4bn. However, adjusted profits were up 9% over last year, while the lender's capital buffers improved. High street retailer Next was in fashion after first-quarter sales rose 3.2%, ahead of the 0% to +3% growth guidance given in March. More than half of the rise came from the opening of new space, with warmer weather and an earlier brochure also helping. Industrial engineer Weir Group jumped after delivering a better-than-expected first quarter from minerals, its largest division. However, the company did say it was "taking further action to support profitability" in its oil and gas division amid tough conditions. Antofagasta dropped as the copper miner scaled back its production guidance after first-quarter output was affected by numerous water issues at its Los Pelambres and Centinela projects. British American Tobacco disappointed with a first-quarter update, which revealed that constant-currency revenues were down 5.8% amid a "challenging trading environment". London Stock Exchange rose after saying it made a good start to the year with group revenues up 86% at £581m. Homebuilders were weaker as speculation built ahead of the elections about growing support for Labour, which has promised to limit rent increases. Persimmon, Bellway, Redrow and Barratt Developments all finished in the red on concerns the move may stifle the demand for buy-to-let investments, analysts said. Market Movers techMARK 3,187.20 -1.13% FTSE 100 6,946.28 -1.20% FTSE 250 17,481.19 -1.01%   Free Expert Signals & Exclusive Bonus It’s common knowledge that successful trading requires being connected to professional analysts. Sunbird FX is excited to offer you FREE market signals today with your registration, and exclusively for ADVFN users an added 30% start up bonus Click here to get started! FTSE 100 - Risers Weir Group (WEIR) 1,836.00p +5.64% Next (NXT) 7,285.00p +1.67% Royal Mail (RMG) 444.20p +1.51% InterContinental Hotels Group (IHG) 2,844.00p +1.43% Randgold Resources Ltd. (RRS) 5,095.00p +1.19% Anglo American (AAL) 1,138.50p +0.84% Sainsbury (J) (SBRY) 268.30p +0.83% Travis Perkins (TPK) 2,076.00p +0.78% Babcock International Group (BAB) 1,002.00p +0.70% Hargreaves Lansdown (HL.) 1,231.00p +0.57% FTSE 100 - Fallers Hikma Pharmaceuticals (HIK) 2,042.00p -3.72% CRH (CRH) 1,823.00p -3.65% Dixons Carphone (DC.) 418.90p -3.03% Carnival (CCL) 2,964.00p -3.01% Unilever (ULVR) 2,846.00p -2.83% Centrica (CNA) 267.60p -2.80% GKN (GKN) 350.00p -2.75% Imperial Tobacco Group (IMT) 3,172.00p -2.73% Diageo (DGE) 1,796.50p -2.68% ARM Holdings (ARM) 1,125.00p -2.68% FTSE 250 - Risers Brown (N.) Group (BWNG) 349.90p +8.73% Greggs (GRG) 1,155.00p +7.34% NMC Health (NMC) 710.50p +7.00% Supergroup (SGP) 1,016.00p +2.99% Hellermanntyton Group (HTY) 345.40p +2.80% Kaz Minerals (KAZ) 257.40p +2.55% Ocado Group (OCDO) 352.90p +1.96% Centamin (DI) (CEY) 64.05p +1.91% Lancashire Holdings Limited (LRE) 643.50p +1.66% Saga (SAGA) 188.60p +0.91% FTSE 250 - Fallers Just Eat (JE.) 449.50p -6.55% Ophir Energy (OPHR) 161.90p -5.27% Alent (ALNT) 368.00p -3.79% Renishaw (RSW) 2,479.00p -3.69% AL Noor Hospitals Group (ANH) 885.00p -3.33% Smith (DS) (SMDS) 345.70p -3.30% Redrow (RDW) 365.10p -3.21% Daejan Holdings (DJAN) 5,545.00p -3.06% Fidelity European Values (FEV) 176.50p -2.92% Wealth creation through asset backed investments... Take an alternative approach to investing with our latest high fixed return investment opportunity No annual fees, flexible investment periods and income paid quarterly Click here to find out more! Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks drop after worse-than-forecast US GDP A worse-than-expected slowdown in US economic growth weighed on global stocks, sending European equities firmly lower ahead of the Federal Reserve's policy announcement. US gross domestic product (GDP) rose 0.2% year-on-year in the first quarter, well below analysts' estimates of 1% and a considerable slowdown from 2.2% the previous quarter. "The important question for now is whether we see this slowdown as largely transitory or more permanent in nature," said Barclays Research analyst Michael Gapen. "Our view is that most of the shortfall in activity relative to our expectation is related to transitory factors like adverse weather and the West Coast port strike, and we expect a bounce back in growth to 3.0% in Q2 driven by a solid 3.5% rise in personal consumption." The report came before the Federal Reserve's policy decision with analysts expecting the central bank to keep interest rates unchanged at 0.25%. The market will be eager to see if the US central bank provides any hints on the timing of the first rate hike, with many seeing September as the earliest possibility for such a move. "The consistently soft nature of the USA's recent data could see the return of a more 'patient' Fed, despite the door being opened for a 2015 rate rise," said Connor Campbell at Spreadex. In Europe, German consumer prices rose 0.4% year-on-year in April, as expected, accelerating from the previous month's 0.3% gain. The European Central Bank (ECB) is trying to move inflation for the whole Eurozone back towards its target of just below 2% through its quantitative easing programme. "April's slightly bigger-than-expected rise in German HICP inflation will reinforce hopes that recent price declines were a temporary phenomenon that will have positive effects on the economy," according to Capital Economics. "But with core inflation still low, there remains a risk of a more damaging and sustained bout of deflation in the Eurozone as a whole. " The euro was up 1.73% to $1.1171 at the closing bell. Greek debt negotiations Greek finance minister Yanis Varoufakis is expected to remain in charge of creditor talks despite reports he was effectively sidelined after the government reshuffled its negotiating team. Greece was reportedly expected to present draft reform legislation to creditors on Wednesday, lifting hopes of a deal to unlock further bailout funds. Prime Minister Alexis Tsipras said he expects a deal as soon as next week The ECB is set to increase emergency liquidity assistance or Greek banks by €1.4bn to €76.9bn. Barclays falls on Q1 Barclays dropped after reporting first-quarter statutory group profits decreased by 26% to £1.4bn, mainly due to provisions for foreign exchange litigation. Next gained after reporting a stronger-than-estimated start to the year as warmer weather and new store openings boosted sales. Subsea rallied after reporting a rise in quarterly profit that surpassed market forecasts. Spain's BBVA slumped despite saying net profit more than doubled in the first quarter from a year ago, beating forecasts. Antofagasta declined after reporting a drop in copper production. Apply with ETX Capital Receive a welcome bonus on your first deposit up to 60% (T&C’s apply) Losses can exceed deposits US Market Report US open: Stocks decline on disappointing GDP as investors await Fed decision US stocks slid on Wednesday, as investors digested disappointing economic data and awaited a statement from the Federal Reserve for further hints about the interest rate outlook. At 15:00 in London, the Dow Jones Industrial Average was down 43 points, while the S&P 500 and the Nasdaq lost five and 12 points respectively. The central bank's meeting will conclude at 19:00 BST on Wednesday with a statement, which will be closely monitored by investors looking for clues on the timing of a first rate hike. "There is a strong determination to raise rates among members of the FOMC but they are equally concerned about derailing the economic recovery at a time when so many headwinds exist," said Oanda's senior market analyst Craig Erlam. "They'll want to see at least some of these pass before they act, particularly the inflation concerns as this is a core aspect of their mandate." US gross domestic product (GDP) expanded by far less than expected over the first three months of the year, although some activity gauges had been hinting at just such an outcome. GDP expanded at a 0.2% quarter-on-quarter annualised pace in the first three months of the year, well below the 1% expected by analysts and the 2.2% growth seen in the fourth quarter. "The slowdown looks temporary, as a rebound from the first-quarter weakness is already being signalled by forward-looking survey data, but the sustainability of any upturn is by no means convincing yet," said Chris Williamson, chief economist at Markit. "Policymakers will probably want to see how the economy performs in the second quarter before passing judgement on whether the time is right to start the process of normalising policy. "That leaves September as the first realistic possibility of rates being hiked, providing of course that the economy bounces back in coming months." US pending home sales rose for the third consecutive month in March, reaching the highest level since June 2013. Figures released by the National Association of Realtors, showed the index rose 1.1% month-on-in March to a seasonally adjusted 108.6, in line with consensus expectations. In corporate news, Twitter fell 3.86% after the group reported a wider-than-expected loss and sales missed estimates late on Tuesday. The social media giant saw its target cut from $50 to $40 by analysts at Wedbush, while analysts at JP Morgan slashed their target from $67 and $55. Time Warner rose 0.58% after its first-quarter profit and sales beat expectations, while wearable video cameras-maker GoPro soared 13% after it reported late on Tuesday that its first-quarter profit had jumped 52%. Hilton Worldwide Holdings climbed 4.28% after reporting a 25% increase in first-quarter earnings, while sector peer Wynn Resorts plunged 14.2% after revealing on Tuesday it had swung to a loss. The dollar fell 0.50% and 0.91% against the pound and euro respectively and gained 0.19% against the yen, while gold futures slid 0.52% to $1,207.60. FCA regulated advice in FX, Gold and Silver Beta 2 is proud to offer personalised FCA regulated advice, completely tailored to your requirements. Attempting to yield returns in any climate, this is exclusive to ADVFN users! Click here to learn more! Broker Tips Broker tips: BP, Vodafone, Next BP smashed consensus forecasts with its first-quarter results on Tuesday, though analysts at UBS said that the read-through for future years is limited for the moment. The Swiss bank maintained a 'neutral' rating and 450p target for the oil major, saying that changes to outer-year forecasts are only "negligible" due to the absence of material new guidance regarding the core business. Vodafone's share price was performing well on Wednesday after the telecoms stock was upgraded by Berenberg from 'hold' to 'buy'. The broker, which hiked its target for the shares from 214p to 270p, said the valuation was "attractive" after the stock's underperformance over the last year. Next surpassed forecasts with its first-quarter sales update on Wednesday, though Investec maintained a 'hold' rating on the stock.   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

Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Wednesday, 29 April 2015 10:01:51 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan Could Tesco be the Buying Opportunity of the Year? Baron Rothschild famously said "The time to buy is when there's blood in the streets." Click here for your FREE report. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks flatline amid earnings flurry ahead of FOMC UK stocks opened flat on Wednesday morning as investors digested a barrage of blue-chip earnings and awaited a Federal Reserve policy decision in the US. The FTSE 100 was trading just 0.03% lower at 7,028.48 early on. The index had retreated on Tuesday to 7,030.53 after setting a new all-time closing high of 7,103.98 on Monday. "Even though we saw European markets fall sharply yesterday, stock markets have remained broadly within the ranges they've been in for the last few weeks, and that's broadly been true of US markets as well, even if we have seen marginal new all-time highs on the S&P500 and the FTSE100 this week," said analyst Michael Hewson from CMC Markets. The focus of Wednesday's session will likely be on the States with the Federal Open Market Committee (FOMC) due to announce its vote on monetary policy at 19:00. US gross domestic product (GDP) figures are also due out at 13:30 and are expected to reveal that annualised growth slowed to just 1% in the first quarter from 2.2% in the fourth quarter. Analysts at Deutsche Bank said the FOMC statement "will be interesting as to how much they put recent weakness down to transitory factors". Earnings on tap Banking group Barclays declined after first-quarter results showed statutory group profits decreased 26% to £1.4bn. However, adjusted profits were up 9% over last year, while the lender's capital buffers improved. High street retailer Next was in fashion after first-quarter sales rose 3.2%, ahead of the 0% to +3% growth guidance given in March. More than half of the rise came from the opening of new space, with warmer weather and an earlier brochure also helping. Antofagasta was weaker as the copper miner scaled back its production guidance after first-quarter output was affected by numerous water issues at its Los Pelambres and Centinela projects. Mining stocks on the whole were out of favour, with BHP Billiton, Rio Tinto and Anglo American all registering losses. British American Tobacco fell after disappointing with a first-quarter update, which revealed that constant-currency revenues were down 5.8% amid a "challenging trading environment". London Stock Exchange rose after saying it made a good start to the year with group revenues up 86% at £581m. Industrial engineer Weir Group edged higher despite saying it was "taking further action to support profitability" with further cost cuts in its oil and gas division after a challenging first quarter. Vodafone was performing well after the telecoms stock was upgraded by Berenberg to 'buy'. The broker hiked its target for the shares from 214p to 270p. Sainsbury fell on the news that its chief executive Mike Coupe was handed a two-year jail sentence in Egypt. Market Movers techMARK 3,231.28 +0.23% FTSE 100 7,028.48 -0.03% FTSE 250 17,628.56 -0.17% FTSE 100 - Risers Next (NXT) 7,390.00p +3.14% Coca-Cola HBC AG (CDI) (CCH) 1,422.00p +2.45% Marks & Spencer Group (MKS) 563.50p +1.53% Vodafone Group (VOD) 232.70p +1.28% Royal Mail (RMG) 443.10p +1.26% Shire Plc (SHP) 5,460.00p +1.20% United Utilities Group (UU.) 998.00p +1.17% Hargreaves Lansdown (HL.) 1,238.00p +1.14% St James's Place (STJ) 885.50p +1.14% Old Mutual (OML) 234.60p +1.12% FTSE 100 - Fallers Antofagasta (ANTO) 782.00p -2.49% British American Tobacco (BATS) 3,601.00p -1.87% BHP Billiton (BLT) 1,563.00p -1.67% Rio Tinto (RIO) 2,931.00p -1.63% Imperial Tobacco Group (IMT) 3,226.00p -1.07% BP (BP.) 471.45p -0.98% Morrison (Wm) Supermarkets (MRW) 190.20p -0.89% Barclays (BARC) 259.30p -0.80% Sainsbury (J) (SBRY) 264.10p -0.75% 3i Group (III) 508.50p -0.68% FTSE 250 - Risers Brown (N.) Group (BWNG) 336.20p +4.47% Home Retail Group (HOME) 171.50p +2.51% NMC Health (NMC) 680.50p +2.48% Man Group (EMG) 207.80p +1.86% AO World (AO.) 189.40p +1.83% Greggs (GRG) 1,094.00p +1.67% Ocado Group (OCDO) 350.70p +1.33% Halfords Group (HFD) 459.80p +1.03% Moneysupermarket.com Group (MONY) 277.40p +1.02% FirstGroup (FGP) 101.10p +1.00% FTSE 250 - Fallers Ophir Energy (OPHR) 163.80p -4.15% COLT Group SA (COLT) 143.00p -3.31% Lonmin (LMI) 143.90p -2.70% Countrywide (CWD) 511.50p -2.57% IP Group (IPO) 200.00p -2.53% BlackRock World Mining Trust (BRWM) 312.50p -2.16% Jimmy Choo (CHOO) 169.50p -1.97% Indivior (INDV) 195.20p -1.96% Computacenter (CCC) 684.50p -1.93% Free Expert Signals & Exclusive Bonus It’s common knowledge that successful trading requires being connected to professional analysts. Sunbird FX is excited to offer you FREE market signals today with your registration, and exclusively for ADVFN users an added 30% start up bonus Click here to get started! UK Event Calendar Wednesday 29 April INTERIMS Redefine International INTERNATIONAL ECONOMIC ANNOUNCEMENTS Balance of Payments (GER) (07:00) Business Climate Indicator (EU) (10:00) Crude Oil Inventories (US) (15:30) ECB Report (EU) (09:00) Economic Sentiment Indicator (EU) (10:00) FOMC Interest Rate (US) (19:00) GDP (Advance) (US) (13:30) GFK Consumer Confidence (GER) (07:00) M3 Money Supply (EU) (09:00) MBA Mortgage Applications (US) (12:00) Pending Homes Sales (US) (15:00) Q4 MHP SA GDR (Reg S) FINALS Aquatic Foods Group , Development Securities, Home Retail Group, MHP SA GDR (Reg S), Mi-Pay Group, Summit Germany Limited, Vimetco NV GDR (Reg S) ANNUAL REPORT Societatea Nationala De Gaze Naturale Romgaz S.A. GDR (Reg S) IMSS Aer Lingus Group, Barclays, British American Tobacco, Next, Standard Life, TSB Banking Group EGMS Global Ports Investments GDR (REG S), MTI Wireless Edge Ltd. AGMS Aberdeen UK Tracker Trust, Admiral Group, Aggreko, Alliance Trust, Aviva, BlackRock World Mining Trust, British American Tobacco, Countrywide, Devro, EMIS Group, EP Global Opportunities Trust, Global Invacom Group Limited (DI), Global Ports Investments GDR (REG S), Hellermanntyton Group, Kennedy Wilson Europe Real Estate , Lancashire Holdings Limited, London Stock Exchange Group, Maven Income & Growth 4 VCT, MTI Wireless Edge Ltd., Nichols, Polar Capital Global Financials Trust, SEGRO, Sterling Energy, Weir Group TRADING ANNOUNCEMENTS Greggs, Stagecoach Group, Standard Life UK ECONOMIC ANNOUNCEMENTS CBI Distributive Trades Surveys (11:00) Nationwide House Price Index (07:00) Q1 Norsk Hydro ASA, OJSC Megafon GDR (Reg S), Ooredoo Q.S.C. GDR (Reg S) Wealth creation through asset backed investments... Take an alternative approach to investing with our latest high fixed return investment opportunity No annual fees, flexible investment periods and income paid quarterly Click here to find out more! Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks mixed ahead of FOMC decision, US GDP and German inflation Equities were mixed across European indices as investors showed caution ahead of the Federal Reserve's policy decision. While the Fed is expected to keep interest rates at 0.25% after Wednesday's close of trading in Europe, the market will be eager to see if the US central bank provides any hints on the timing of the first rate hike. Many analysts see September as the most likely earliest date for an interest rate raise after April was ruled out. "The consistently soft nature of the USA's recent data could see the return of a more 'patient' Fed, despite the door being opened for a 2015 rate rise," said Connor Campbell at Spreadex. US economic growth data will be released at 13:30, with analysts predicting gross domestic product (GDP) to have risen an annualised 1% in the first quarter, slowing from 2.2% the previous three months. Closer to home, German inflation figures are expected to show consumer prices rose 0.4% year-on-year in April compared to a 0.3% gain a month earlier. The European Central Bank (ECB) has been trying to move inflation for the entire Eurozone back towards its target of just below 2% through its quantitative easing programme. Greece, meanwhile, continues to be a focal point as prime minister Alexis Tsipras said he would hold a referendum if international creditors insisted on austerity in order to unlock further financial aid. However, Tsipras has said he expects a deal as soon as next week after the Greek government reshuffled its negotiating team. The ECB is set to increase emergency liquidity assistance or Greek banks by €1.4bn to €76.9bn, Bloomberg reported. The euro was up 0.16% to $1.0999 in morning trade. BBVA slides after Q1 results Spain BBVA slumped despite saying net profit more than doubled in the first quarter from a year ago, beating forecasts. Cie. de Saint-Gobain SA and Svenska Handelsbanken AB advanced after reporting quarterly results that topped estimates. Angtofagasta declined after reporting a drop in copper production. Barclays dropped after reporting first quarter statutory group profits decreased by 26% to £1.4bn, mainly due provisions for foreign exchange litigation. Home Retail Group gained after posting an increase in full-year sales. Apply with ETX Capital Receive a welcome bonus on your first deposit up to 60% (T&C’s apply) Losses can exceed deposits US Market Report US close: Dow and S&P edge forward, Nasdaq in the red as Fed meeting kicks off US stocks were mixed on Tuesday, as investors remained jittery ahead of the Federal Reserve's two-day meeting. The Dow Jones Industrial Average closed up 72.17 points to 18,110.14, while the S&P 500 gained six points and the Nasdaq closed down nine points. The Federal Reserve Open Market Committee begins on Tuesday and investors will closely monitor the interest-rate statement, which is released at 19:00 BST on Wednesday. "September is looking like the earliest date for an interest rate raise," said Connor Campbell, financial analyst at Spreadex. "However, the consistently soft nature of the USA's recent data could see the return of a more 'patient' Fed, despite the door being opened for a 2015 rate rise." US consumer fell unexpectedly in April, as a slowdown in hiring and lower expectations on economic growth weighed on sentiment. On Tuesday, the Conference Board said the index dropped from a revised 101.4 to 95.2 this month, reaching its lowest level since December and falling short of analysts' expectations of a 102.5 reading. Meanwhile, the US Case-Shiller index, which monitors house prices in 20 different cities, advanced 0.5% in February In corporate news, Apple fell 1.58% after changing hands at their highest-ever level, following strong first quarter results late on Monday. The iPhone-maker reported earnings of $2.33 per share, beating estimates by 17 cents, while revenues for the period jumped 24% year-on-year to $58bn against consensus of a $56.1bn. Following the results, analysts at Cantor Fitzgerald raised their target on the stock from $180 to $195, while economists at Morgan Stanley lifted their outlook for 2015. "We see a broadening portfolio of services and the Apple Watch as drivers of are-rating more in-line with technology platform peers," they said in a note, describing the stock as "Morgan Stanley Best Idea." Twitter shares plunged 18.18% after the social media giant's first quarter results left investors disappointed. The group reported a wider-than-expected loss and sales missed estimates, while its shares were suspended late on Tuesday after earnings were leaked ahead of the planned release time by financial data platform Selerity. Home-appliances maker Whirlpool tumbled 7.14% after the company slashed its full-year earnings guidance, while Coach Inc. 6.33% after the luxury-goods retailer beat third quarter profit expectations, but fell short of sales estimates. Bio-pharmaceutical group Pfizer slid 0.321% after announcing early on Tuesday that revenue had topped estimates, but lowered its outlook because of the impact of the strengthening dollar. Automotive giant Ford Motor edged forward 1.01% despite reporting a drop in first quarter profit. The dollar declined 0.23% against the yen and fell 0.76% and 0.96% against the pound and the euro respectively, while gold futures climbed 0.67% to $1,211.30. Oil prices were largely unchanged, with West Texas Intermediate gaining 0.07% to $57.03 a barrel, while Brent lost 0.23% to $64.68 a barrel. S&P 500 - Risers Windstream Holdings Inc (WIN) $11.90 +12.18% Merck & Co. Inc. (MRK) $59.98 +5.04% Freeport-McMoRan Inc (FCX) $22.69 +3.99% United Parcel Service Inc. (UPS) $100.76 +3.42% Peabody Energy Corp. (BTU) $4.49 +3.22% Aetna Inc. (AET) $110.35 +3.21% Newmont Mining Corp. (NEM) $26.38 +3.07% Waters Corp. (WAT) $125.59 +2.94% Southwestern Energy Co. (SWN) $26.66 +2.78% Plum Creek Timber Co. (PCL) $43.50 +2.72% S&P 500 - Fallers Whirlpool Corp. (WHR) $183.64 -7.17% Coach Inc. (COH) $39.64 -6.35% Jacobs Engineering Group Inc. (JEC) $43.99 -5.72% National Oilwell Varco Inc. (NOV) $51.93 -5.05% CH Robinson Worldwide Inc (CHRW) $65.73 -4.66% Wyndham Worldwide Corp. (WYN) $86.36 -4.15% Biogen Inc (BIIB) $374.63 -3.76% Parker-Hannifin Corp. (PH) $120.31 -3.67% Avon Products Inc. (AVP) $8.78 -3.62% CONSOL Energy Inc. (CNX) $28.91 -3.26% Dow Jones I.A - Risers Merck & Co. Inc. (MRK) $59.98 +5.04% Microsoft Corp. (MSFT) $49.15 +2.33% International Business Machines Corp. (IBM) $173.98 +1.90% Intel Corp. (INTC) $33.02 +1.60% Cisco Systems Inc. (CSCO) $29.30 +1.42% Chevron Corp. (CVX) $111.12 +1.29% Unitedhealth Group Inc. (UNH) $117.59 +1.16% Caterpillar Inc. (CAT) $86.21 +1.03% Verizon Communications Inc. (VZ) $50.55 +0.94% General Electric Co. (GE) $27.13 +0.93% Dow Jones I.A - Fallers Apple Inc. (AAPL) $130.56 -1.58% Nike Inc. (NKE) $99.84 -1.09% Home Depot Inc. (HD) $110.62 -0.69% Visa Inc. (V) $66.78 -0.48% Wal-Mart Stores Inc. (WMT) $79.09 -0.35% Pfizer Inc. (PFE) $34.48 -0.32% Procter & Gamble Co. (PG) $80.42 -0.22% Walt Disney Co. (DIS) $109.92 -0.22% Boeing Co. (BA) $147.52 -0.19% Coca-Cola Co. (KO) $40.78 -0.12% Nasdaq 100 - Risers Microsoft Corp. (MSFT) $49.15 +2.33% Garmin Ltd. (GRMN) $47.51 +2.33% Viacom Inc. Class B (VIAB) $71.29 +1.92% Seagate Technology Plc (STX) $59.00 +1.87% F5 Networks Inc. (FFIV) $125.60 +1.73% Intel Corp. (INTC) $33.02 +1.60% DIRECTV (DTV) $91.55 +1.54% Sandisk Corp. (SNDK) $68.70 +1.52% Cisco Systems Inc. (CSCO) $29.30 +1.42% Mylan Inc. (MYL) $72.71 +1.38% Nasdaq 100 - Fallers CH Robinson Worldwide Inc (CHRW) $65.73 -4.66% Biogen Inc (BIIB) $374.63 -3.76% Avago Technologies Ltd. (AVGO) $117.45 -2.25% Alexion Pharmaceuticals Inc. (ALXN) $171.06 -2.11% Amazon.Com Inc. (AMZN) $429.41 -2.09% Vertex Pharmaceuticals Inc. (VRTX) $125.42 -1.92% Monster Beverage Corp (MNST) $140.74 -1.88% Dish Network Corp. (DISH) $68.43 -1.79% Discovery Communications Inc. Class A (DISCA) $31.70 -1.67% FCA regulated advice in FX, Gold and Silver Beta 2 is proud to offer personalised FCA regulated advice, completely tailored to your requirements. Attempting to yield returns in any climate, this is exclusive to ADVFN users! Click here to learn more! Newspaper Round Up Wednesday newspaper round-up: Mike Coupe sentenced, David Cameron, Horse Hill Mike Couple, the chief executive of J Sainsbury, has been sentenced to two years in jail in Egypt, reports The Times. "The case relates to claims that last July Mr Coupe tried to seize cheques connected with the collapse of a business it invested in 16 years ago, in contravention of Egyptian bankruptcy law," the paper said. David Cameron is expected to pledge not to raise income tax, VAT or national insurance until 2020 if the Conservatives win the election, according to the Financial Times. The Horse Hill oil project near Gatwick has been suspended as its backers don't have the necessary approvals from government agencies, The Telegraph writes. Partners have not directly applied to the Oil and Gas Authority for permission to start flow testing. Shares in Twitter dropped nearly 20% after quarterly results were leaked on the social-media network itself an hour earlier than expected, reports The Wall Street Journal. The results revealed the weakest quarterly revenue growth as a publicly-traded company. Standard Chartered has confirmed it is thinking about exiting the UK on the back of a near-50% jump in the bank levy, writes The Times. The bank is said to be launching a formal review of its home base. Yanis Varoufakis, Greece's finance minister, has quashed speculation that he has been sidelined from talks with the country's creditors, according to The Guardian.   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