Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Tuesday, 12 May 2015 10:21:31 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Trendsignal Your complimentary trading guide Make a consistent income with this simple, once a day trading strategy which made 7478 pips in 2014. For your free guide click here. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Greek concerns hit stocks, Easyjet sinks UK stocks plunged into the red on Tuesday morning on concerns about Greece and bond-market volatility, while blue chip budget airline Easyjet disappointed investors with its full-year outlook. The FTSE 100 was trading 1.04% lower at 6,956.41 early on ahead of data which is forecast to show that UK industrial production growth slowed to a standstill in March. Industrial production failed to grow month-on-month in March after a 0.1% increase in February, according to analysts' forecasts ahead of data due at 09:30. Athens met the latest deadline to repay the International Monetary Fund €750m, though that didn't stop Greek bond yields from surging on Monday. Greek 10-year bond yields were down two basis points on Tuesday after rising to 10.96% the previous session. As the Eurogroup met on Monday to discuss a cash-for-reform deal for Greece, finance minister Yanis Varoufakis warned that the Mediterranean nation is just two weeks away from running out of money. "The liquidity issue is a terribly urgent issue," Varoufakis told reporters in Brussels. A sell-off in bond markets elsewhere on Monday was also concerning investors as yields jumped on changing inflation expectations. "Large amounts of Eurozone debt was yielding negative returns after the region fell into deflation territory and this had to reverse once we saw a rebound in oil prices," said Oanda analyst Craig Erlam. Meanwhile, concerns about a UK referendum on EU membership were also dampening sentiment on the market after David Cameron suggested that the vote could be brought forward to 2016 from the expected 2017. Easyjet disappoints with outlook Budget airline Easyjet met guidance after swinging to a small profit in the first half, though it faces tougher conditions in the latter part of the year. The company saw shares sink after saying that exchange-rate movements and air traffic control strikes in France are expected to hit second-half results. Credit-checking outfit Experian also fell despite returning to organic revenue growth in the fourth quarter. For the full year, total revenue from continuing activities grew 1% to $4.81bn, with profit before tax slightly above flat at $751m. Insurer Hiscox declined after underwhelming with gross premiums growth of 12% to ?561.7m in the first quarter. Pubs group Enterprise Inns impressed the market with plans to increase direct management of pubs and grow its commercial property business, as it unveiled first-half results that met targets. 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! Market Movers techMARK 3,224.73 -1.26% FTSE 100 6,956.41 -1.04% FTSE 250 17,696.48 -0.97% FTSE 100 - Risers Fresnillo (FRES) 709.50p +1.14% BHP Billiton (BLT) 1,588.00p +1.02% Randgold Resources Ltd. (RRS) 4,749.00p +1.02% Pearson (PSON) 1,327.00p +0.68% Anglo American (AAL) 1,134.00p +0.53% Antofagasta (ANTO) 785.50p +0.38% Sainsbury (J) (SBRY) 282.00p +0.18% Morrison (Wm) Supermarkets (MRW) 183.20p +0.16% FTSE 100 - Fallers easyJet (EZJ) 1,690.00p -7.80% Hargreaves Lansdown (HL.) 1,199.00p -2.92% SABMiller (SAB) 3,513.00p -2.32% United Utilities Group (UU.) 977.50p -2.20% Shire Plc (SHP) 5,135.00p -2.10% InterContinental Hotels Group (IHG) 2,725.00p -2.08% St James's Place (STJ) 921.00p -2.07% Prudential (PRU) 1,616.00p -1.91% National Grid (NG.) 888.40p -1.89% Aviva (AV.) 531.00p -1.85% FTSE 250 - Risers Polymetal International (POLY) 567.50p +1.61% Thomas Cook Group (TCG) 155.30p +1.50% Inchcape (INCH) 856.50p +1.06% Amec Foster Wheeler (AMFW) 878.50p +1.04% Spirit Pub Company (SPRT) 112.60p +0.81% Greene King (GNK) 810.00p +0.68% Enterprise Inns (ETI) 133.20p +0.60% Acacia Mining (ACA) 288.20p +0.59% Just Eat (JE.) 443.80p +0.45% Vedanta Resources (VED) 677.50p +0.37% FTSE 250 - Fallers Regus (RGU) 245.30p -6.66% Diploma (DPLM) 761.00p -3.91% Halfords Group (HFD) 448.80p -2.84% Man Group (EMG) 177.50p -2.79% Spirax-Sarco Engineering (SPX) 3,245.00p -2.52% AL Noor Hospitals Group (ANH) 847.00p -2.48% Allied Minds (ALM) 616.50p -2.38% NMC Health (NMC) 841.00p -2.21% Provident Financial (PFG) 3,053.00p -2.18% St. Modwen Properties (SMP) 427.50p -2.17% UK Event Calendar Tuesday 12 May INTERIMS Cambria Automobiles, easyJet, Enterprise Inns, LXB Retail Properties INTERIM DIVIDEND PAYMENT DATE Northamber INTERNATIONAL ECONOMIC ANNOUNCEMENTS Treasury Budget Statement (US) (19:00) FINALS Experian, Iofina, JZ Capital Partners Ltd, Speedy Hire, Verona Pharma ANNUAL REPORT LXB Retail Properties IMSS IFG Group, Just Retirement Group EGMS IFG Group AGMS AL Noor Hospitals Group, Atlas Mara Limited (DI), British Polythene Industries, Camper & Nicholsons Marina Investments Ltd., Cape, Capita, Capital & Regional, Cello Group, Cenkos Securities, Clean Air Power Ltd, DP Aircraft I Limited Pref , EG Solutions, Glanbia, Grafton Group Units, Hilton Food Group, IFG Group, Interserve, IP Group, Lamprell, NB Private Equity Partners Ltd., Pittards, Skyepharma, Sportech, Standard Life, TT Electronics, Vitec Group TRADING ANNOUNCEMENTS AL Noor Hospitals Group, Spire Healthcare Group, Vitec Group UK ECONOMIC ANNOUNCEMENTS BRC Sales Monitor (00:01) Industrial Production (09:30) Manufacturing Production (09:30) FINAL DIVIDEND PAYMENT DATE BrainJuicer Group, Capital & Regional, CRH, Gulf Marine Services, Telefonica SA Q1 Grupo Clarin SA GDR (Reg S), Societatea Nationala De Gaze Naturale Romgaz S.A. GDR (Reg S) The Penny Share That's The Cream Of The Crop Don't buy another share until you’ve read this... We've discovered a UK stock with explosive price potential.  This tiny company is an emerging player in "natural crop enhancement" having secured 9 worldwide patents. It's a global market literally worth BILLIONS. Take a look at this opportunity now. Click Here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks slide on fears Greece is running out of cash Concerns about Greece's finances weighed on European stocks on Tuesday after the finance minister revealed the country is close to running out of cash. Speaking after a meeting of Eurozone finance ministers in Brussels, Yanis Varoufakis admitted that Greece may only have enough cash to meet its financial obligations for a "couple of weeks". Greece repaid the International Monetary Fund (IMF) €750m on Monday, a day ahead of the deadline, but has raft of debt to pay back in coming weeks. The nation owes another €1.5bn to IMF in June and another €3bn to the European Central Bank in July and August. In Germany, the selling pressure in government debt markets continued on Tuesday. German 10-year bond yields were up seven basis points at 0.67%, while Gilt yields were up seven basis points at 2.02%. However, the yield on the benchmark Greek 10-year sovereign bond fell 12 basis points to 10.84%. "The recent sell-off in bonds doesn't appear to have been driven by Greek uncertainty, instead by changing inflation expectations as rising oil prices offers the prospect of higher inflation in the coming months," said Craig Erlam, senior market analyst at Oanda. "Large amounts of Eurozone debt was yielding negative returns after the region fell into deflation territory and this had to reverse once we saw a rebound in oil prices. I think oil prices will begin to stabilise now though which could bring stability to other markets." The euro was up 0.67% to $1.1230. In economic data, UK reports on March manufacturing and industrial production will be released at 09:30 London time while the NIESR publishes its latest gross domestic product estimate at 15:00. Energy shares slip Total SA and BP declined among a gauge of energy shares after the Organization of the Petroleum Exporting Countries said it doesn't see oil prices consistently trading at $100 a barrel again in the next decade. Brent crude was sitting at $65.21 per barrel at 09:08 London time, according to the ICE. EasyJet slumped after saying flight cancellations in April stemming from French strikes would impact annual pre-tax profit by about 25m. Carlsberg A/S dropped after saying the Russian beer market fell in the first quarter. ThyssenKrupp AG advanced after the German steelmaker raised its full-year profit forecast. 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! US Market Report US stocks closed lower on Monday, led by the energy sector, as investors grappled with China's interest rates cut and prepared to cash in on last week's gains. At close, the Dow Jones Industrial Average was down 85.78 points, while the S&P 500 and the Nasdaq lost 10.78 and 9.98 points respectively. Craig Erlam, senior market analyst at OANDA, claimed that many investors would be looking to take advantage of the S&P's recent highs, which look unlikely to break in the short-term. “The U.S. has just been through a very difficult first quarter, and the Fed is contemplating raising rates. Neither of these are consistent with equity markets breaking into uncharted territory,” he said in a note. Mark Luschini, chief investment strategist at Janney Montgomery Scott, agreed: "I don't know that we have any news that warrants stocks going strongly higher today," he said. Data released on Friday showed employers added 223,000 jobs in April, slightly above the consensus forecast of 220,000, while the unemployment rate hit estimates exactly, falling to 5.4% last month from 5.5% in March. However, while the report indicated US economy remained strong, it was not enough for the Federal Reserve to change the timing of its first rate hike, a move that remains firmly in focus. "Now that we've gotten through earnings season, the most important numbers are economic-facing because that's what the Fed is looking at," argued Maris Ogg, president of Tower Bridge Advisors. The People’s Bank of China lowered interest rates to 5.1% on Sunday and the deposit rate to 2.25%. It marked the third time in six months the bank has reduced interest rates amid a slowdown in the world’s second largest economy. Chinese stocks rose for a second session on the news, with the Shanghai Composite and Nikkei 225 indexes closing firmly higher. Meanwhile, Greece's Athex Composite closed lower, as the country's €750m loan repayment deadline looms. In company news, food and beverage group Dean Foods surged after posting better-than-expected quarterly results and a strong outlook. Actavis was boosted after reporting forecast-beating adjusted quarterly profit and revenue. Etsy was in the red following a downgrade to 'underperform' from analysts at Wedbush Securities. Noble Energy dipped after announcing plans to buy smaller rival Rosetta Resources fro $2.1bn, in the first significant US energy producer deal since the downturn in oil prices. Rosetta surged on the news. The dollar moved higher against all major currencies, while the euro dipped on Greek uncertainty. Both gold and crude oil prices were slightly lower.   S&P 500 - Risers Joy Global Inc. (JOY) $44.27 +5.33% United States Steel Corp. (X) $25.54 +5.02% Monster Beverage Corp (MNST) $134.05 +4.34% News Corp Class A (NWSA) $15.73 +3.90% Actavis plc (ACT) $303.19 +3.54% E*TRADE Financial Corp. (ETFC) $29.92 +2.62% Micron Technology Inc. (MU) $27.89 +2.61% Charles Schwab Corp. (SCHW) $32.09 +2.59% Netflix Inc. (NFLX) $588.37 +2.40% Harman International Industries Inc. (HAR) $132.24 +2.29% S&P 500 - Fallers Noble Energy Inc. (NBL) $46.07 -6.21% Windstream Holdings Inc (WIN) $8.67 -5.56% QEP Resources Inc (QEP) $20.51 -5.00% Denbury Resources Inc. (DNR) $7.40 -4.02% Pioneer Natural Resources Co. (PXD) $153.52 -3.48% National Oilwell Varco Inc. (NOV) $51.38 -3.48% Apache Corp. (APA) $63.28 -3.44% Hess Corp. (HES) $71.79 -3.43% Murphy Oil Corp. (MUR) $45.16 -3.17% Cameron International Corp. (CAM) $51.74 -3.09% Dow Jones I.A - Risers Caterpillar Inc. (CAT) $89.00 +1.94% American Express Co. (AXP) $79.86 +1.11% Goldman Sachs Group Inc. (GS) $201.69 +0.59% Nike Inc. (NKE) $102.96 +0.51% Boeing Co. (BA) $146.07 +0.42% Cisco Systems Inc. (CSCO) $29.29 +0.21% Coca-Cola Co. (KO) $41.04 +0.15% JP Morgan Chase & Co. (JPM) $65.58 +0.14% E.I. du Pont de Nemours and Co. (DD) $75.37 +0.12% Dow Jones I.A - Fallers Exxon Mobil Corp. (XOM) $86.88 -2.37% General Electric Co. (GE) $26.92 -1.59% Travelers Company Inc. (TRV) $102.43 -1.25% Walt Disney Co. (DIS) $108.76 -1.23% Merck & Co. Inc. (MRK) $60.04 -1.15% Chevron Corp. (CVX) $107.58 -0.98% Apple Inc. (AAPL) $126.56 -0.83% International Business Machines Corp. (IBM) $171.46 -0.71% McDonald's Corp. (MCD) $97.55 -0.69% Procter & Gamble Co. (P G) $80.44 -0.64% Nasdaq 100 - Risers Monster Beverage Corp (MNST) $134.05 +4.34% Micron Technology Inc. (MU) $27.89 +2.61% Netflix Inc. (NFLX) $588.37 +2.40% Garmin Ltd. (GRMN) $46.71 +1.68% Vodafone Group Plc ADS (VOD) $36.37 +1.44% Tesla Motors Inc (TSLA) $239.85 +1.37% Applied Materials Inc. (AMAT) $19.94 +1.27% Maxim Integrated Products Inc. (MXIM) $32.95 +1.26% Expedia Inc. (EXPE) $103.97 +1.18% Mattel Inc. (MAT) $27.43 +1.05% Nasdaq 100 - Fallers Wynn Resorts Ltd. (WYNN) $114.48 -2.85% Vertex Pharmaceuticals Inc. (VRTX) $124.42 -2.35% Vimpelcom Ltd Ads (VIP) $5.28 -2.31% NetApp Inc. (NTAP) $34.99 -1.85% Discovery Communications Inc. Class A (DISCA) $30.78 -1.76% CA Inc. (CA) $31.08 -1.63% Viacom Inc. Class B (VIAB) $65.47 -1.46% Bed Bath & Beyond Inc. (BBBY) $70.43 -1.41% Activision Blizzard Inc. (ATVI) $24.70 -1.38% Baidu Inc. (BIDU) $190.89 -1.37% S&P 500 - Risers Joy Global Inc. (JOY) $44.23 +5.23% United States Steel Corp. (X) $25.57 +5.14% Monster Beverage Corp (MNST) $133.99 +4.30% News Corp Class A (NWSA) $15.72 +3.83% Actavis plc (ACT) $302.90 +3.44% Netflix Inc. (NFLX) $590.31 +2.73% Charles Schwab Corp. (SCHW) $32.10 +2.62% E*TRADE Financial Corp. (ETFC) $29.85 +2.37% CBRE Group Inc (CBG) $38.38 +2.21% Harman International Industries Inc. (HAR) $132.09 +2.17% S&P 500 - Fallers Noble Energy Inc. (NBL) $46.15 -6.04% Windstream Holdings Inc (WIN) $8.69 -5.28% QEP Resources Inc (QEP) $20.49 -5.09% Denbury Resources Inc. (DNR) $7.39 -4.09% Pioneer Natural Resources Co. (PXD) $153.31 -3.61% Hess Corp. (HES) $71.73 -3.51% Apache Corp. (APA) $63.24 -3.51% National Oilwell Varco Inc. (NOV) $51.41 -3.42% Murphy Oil Corp. (MUR) $45.06 -3.39% Cameron International Corp. (CAM) $51.59 -3.37% Dow Jones I.A - Risers Caterpillar Inc. (CAT) $88.88 +1.80% American Express Co. (AXP) $79.79 +1.03% Goldman Sachs Group Inc. (GS) $201.81 +0.65% Nike Inc. (NKE) $102.94 +0.49% Boeing Co. (BA) $145.84 +0.26% JP Morgan Chase & Co. (JPM) $65.57 +0.12% E.I. du Pont de Nemours and Co. (DD) $75.32 +0.05% Coca-Cola Co. (KO) $41.00 +0.05% Dow Jones I.A - Fallers Exxon Mobil Corp. (XOM) $86.81 -2.45% General Electric Co. (GE) $26.93 -1.57% Walt Disney Co. (DIS) $108.62 -1.35% Travelers Company Inc. (TRV) $102.35 -1.33% Merck & Co. Inc. (MRK) $60.04 -1.15% Chevron Corp. (CVX) $107.46 -1.10% Apple Inc. (AAPL) $126.49 -0.89% McDonald's Corp. (MCD) $97.44 -0.80% International Business Machines Corp. (IBM) $171.33 -0.78% Procter & Gamble Co. (P G) $80.38 -0.72% Nasdaq 100 - Risers Monster Beverage Corp (MNST) $133.99 +4.30% Netflix Inc. (NFLX) $590.31 +2.73% Micron Technology Inc. (MU) $27.75 +2.10% Garmin Ltd. (GRMN) $46.73 +1.72% Vodafone Group Plc ADS (VOD) $36.40 +1.52% Tesla Motors Inc (TSLA) $240.15 +1.50% Maxim Integrated Products Inc. (MXIM) $32.95 +1.26% Applied Materials Inc. (AMAT) $19.92 +1.17% Mattel Inc. (MAT) $27.44 +1.09% Expedia Inc. (EXPE) $103.80 +1.01% Nasdaq 100 - Fallers Wynn Resorts Ltd. (WYNN) $114.19 -3.10% Vimpelcom Ltd Ads (VIP) $5.28 -2.40% Vertex Pharmaceuticals Inc. (VRTX) $124.39 -2.37% NetApp Inc. (NTAP) $34.97 -1.91% Discovery Communications Inc. Class A (DISCA) $30.75 -1.84% CA Inc. (CA) $31.05 -1.74% Viacom Inc. Class B (VIAB) $65.43 -1.52% Bed Bath & Beyond Inc. (BBBY) $70.36 -1.51% Priceline Group Inc (PCLN) $1,187.20 -1.46% Activision Blizzard Inc. (ATVI) $24.68 -1.44% - See more at: http://www.digitallook.com/news/risers-and-fallers/us-close-stocks-dip-after-fridays-rally--720019.html#sthash.RaH09k8A.dpuf 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 Tuesday newspaper round-up: Greek bond yields, Lloyds, Shell Greek borrowing costs shot up on Monday despite Athens making a €750m debt payment to the IMF, reports The Times. The yield on a Greek two-year bond yield jumped 83 basis points to 21.34% with some still concerned that the nation will default. Advisory firm Pirc has told Lloyds shareholders to vote against a "highly excessive" 11.5m pay package for chief executive Antnio Horta-Osrio ahead of the bank's AGM on Thursday, The Guardian said. Royal Dutch Shell has secured conditional approval from US regulators for its multi-year exploration plan to drill in the Arctic seas north of Alaska, reports the Financial Times. According to The Telegraph, RBS and Nomura both made false statements when they sold mortgage-backed securities to Fannie Mae and Freddie Mac, a judge has ruled. The companies could be forced to pay nearly half a billion dollars in damages. Cushman & Wakefield has been sold by Italy's Agnellis to DTZ for $2bn, creating one the biggest real estate services groups in the world, writes The Times. Barclays, Morgan Stanley and Deutsche Bank have all warned investors that recent rallies in oil and industrial commodities have "run far ahead of economic reality", writes The Telegraph. The warning raises concurs of a fresh drop in prices over the coming months. Tesco has replaced auditor PricewaterhouseCoopers with Deloitte, ending its 32-year relationship with the former following the damaging accounting scandal, 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