ADVFN Newsdesk - Traders Wary After Two Sessions of Strong Gains

ADVFN  World Daily Markets Bulletin Daily world financial news Friday, 28 August 2015 09:26:43    Monitor Quote Charts News Toplists Forex Boards   The 10-Minute Investor Consistently outperform the market in less than 10 minutes a day.  Discover a step-by-step system to move from inconsistent to consistent gains in the stock market. Break free of the old, broken investing model and plug-in to a successful investing plan. Attend my free webinar and learn: My 3-Part stock buying checklist My 10-Minute Routine 4 big mistakes to avoid. LEARN MORE US Market NYSE AMEX Dow Jones Nasdaq Please click on the images to view our interactive charts The major U.S. index futures are pointing to a lower opening on Friday, with sentiment suggesting a setback, as the gains of the past two sessions generate some weakness. The mood across the Atlantic is weak. The tame personal spending growth data released short while ago has rendered the sentiment towards the dollar mixed. Meanwhile, commodities are higher. Even as traders await a reading on consumer sentiment, some profit taking related weakness could set in. U.S. stocks rallied for the second straight day on Thursday amid the release of mostly positive economic data, a rally in crude oil prices and waning global concerns. The major averages opened higher and advanced steadily until late afternoon trading. Although stocks witnessed a slight loss of momentum and retraced some of their gains in the process, they rallied yet again in late trading before closing notably higher. The Dow Industrials ended up 369.26 points or 2.27 percent at 16,655, the S&P 500 Index rallied 47.15 points or 2.43 percent before closing at 1,988 and the Nasdaq Composite closed at 4,813, up 115.17 points or 2.45 percent. All thirty of the Dow components closed higher, with Chevron (CVX), General Electric (GE), Nike (NKE), UnitedHealth (UNH) and Exxon Mobil (XOM) leading the gains. On a day when gains were broad based, resource stocks recorded standout gains. Transportation, biotechnology, semiconductor, computer hardware, financial, retail and housing stocks also saw strong buying interest. On the economic front, second quarter GDP data showed an upward revision to growth to 3.7 percent from the 2.3 percent estimated initially. Economists expected a more modest 3.2 percent increase. In the first quarter, the economy expanded 0.6 percent. The upward revision to second quarter growth represented upward revisions to non-residential fixed investment, private inventory investment and state and local government spending and consumer spending and a downward revision to imports. A Labor Department report showed that jobless claims fell 6,000 to 271,000 in the week ended August 22nd. Economists expected jobless claims to decline to 270,000 from 277,000 in the previous week. The four-week average rose to 272,500 from 271,500. Meanwhile, continuing claims calculated with a week's lag rose to 2.269 million in the week ended August 14th from 2.256 million in the week ended August 7th. The National Association of Realtors reported that pending home sales rose 0.5 percent month-over-month in July, smaller than the 1 percent expected by economists. The modest increase followed a 1.7 percent drop in June. Sales improved notably in the Northeast and modestly in the South and were unchanged in Midwest, while the West saw a dip in pending home sales. Market Shrink Predicts Market Reversal dates in Advance What if you knew when the markets were going to reverse - weeks in advance? Market timing guru Wood Dorsey can tell you. His Sentiment Timing report makes that infomation available to retail investors.  Click here to get the date of the next market reversal Free US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts The second day of the annual economic symposium at Jackson Hole, Wyoming, is scheduled for today. The Commerce Department reported that personal income rose 0.4 percent month-over-month in July, the same pace of increase as in the previous month and in line with expectations. At the same time, personal spending was up a less than expected 0.3 percent compared to an upwardly revised 0.3 percent rate in June. Economists had expected a 0.4 percent increase for the month. The core personal consumption expenditure price index was up 1.2 percent, slower than the 1.2 percent rate in June. At 10 am ET, the University of Michigan is set to announce the final results of its U.S. consumer sentiment survey. Economists expect the consumer sentiment index for August to be upwardly revised to 93.3 from the mid-month reading of 92.9. 4 Days, 4 Trades, +40% Average Returns! After years of develoment and testing , a lead stock options trader has develped a simple system that harnesses the power and leverage of options, yet is so easy to use anyone can do it. He'll show you step-by-step how he found and placed 4 trades, and in just 4 days they averaged +40% returns! See exactly how you can use this 10 minute strategy for yoursef by clicking here. Stocks in Focus FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts Aeropostale (ARO) reported second quarter adjusted net loss and sales that trailed expectations. The company, however, forecast a third quarter loss that was mostly narrower than expectations. Autodesk (ADSK) reported better than expected second quarter earnings, while its sales trailed estimates. The company lowered its full year guidance. Gamestop's (GME) second quarter results beat estimates and the company raised its guidance for the full year. Smith & Wesson (SWHC) also reported better than expected first quarter results and lifted its outlook for the fiscal year 2016. Confused by options but KNOW there's massive potential? If you're feeling that way...don't. I'll GIVE you the  Complete Guide To Understanding Options Trading. It'll give you the actionable strategies, understanding, and insight YOU need to become the options trader you know you can be...Get the FREE eBook HERE… European Markets European stocks are retreating, in line with the see-sawing trend of the week. On the economic front, revised estimates released by the U.K. Office of National Statistics showed that second quarter growth came in at a sequential rate of 0.7 percent, unrevised from the preliminary estimate. The annual growth of 2.6 percent was also left unrevised. The results of a survey by GfK showed that its index measuring confidence among consumers in the U.K. rose 3 points to 7, while economists expected a reading of 4. Preliminary estimates released by the German Federal Statistical Office showed that consumer prices calculated on a harmonized basis remained unchanged in August compared to expectations for a 0.1 percent drop. The annual inflation rate was 0.1 percent, in line with expectations. The European Commission released the results of its monthly survey, which showed that economic confidence rose to the highest since 2011, with the corresponding index coming in at 104.2 in August, up 0.2 points, compared to expectations for 103.8. Services and consumer confidence improved, while industrial sentiment retreated. +$1 million Profit on Tesla...in TWO DAYS!? Simple...right place, time, strategy. But it was options he used to make a once in a lifetime trade. Today you've got a chance to learn the exact strategies that lead to a million-dollar trade. FREE! The Complete Guide To Understanding Options (Click here to receive a complimentary copy) Asian markets USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts The major Asian markets ended higher yet again, encouraged by the positive close on Wall Street overnight and the general rise in risk appetite. A rally by Chinese stocks also supported sentiment. The Japanese market continued to rally, as the yen remained subdued. The Nikkei 225 Index opened notably higher and went about a steady advance for the rest of the session. The index ended up 561.88 points or 3.03 percent at 19,136. Australia's All Ordinaries Index traded in a broad range, although keeping above the unchanged line for the bulk of the session. The index closed well off the highs of the session at 5,275, up 32.10 points or 0.61 percent. Energy and material stocks rallied strongly, while telecom and IT stocks came under selling pressure. China's Shanghai Composite Index moved sharply higher on the day, ending 148.76 points or 4.82 percent higher at 3,232. Meanwhile, Hong Kong's Hang Seng Index retreated in a late hour sell-off, ending down 226.15 points or 1.04 percent at 21,612. On the economic front, Japan's Ministry of Internal Affairs and Communication reported that consumer prices in Japan rose 0.2 percent year-over-year in July. Core consumer prices were unchanged compared to expectations for a 0.2 percent drop. A separate report showed that the unemployment rate in Japan came in at 3.3 percent in July, below forecasts for a 3.4 percent rate. A third report from the ministry showed that average household spending in Japan edged down 0.2 percent year-over-year in July, belying expectations for a 0.5 percent increase. A Ministry of Economy, Trade and Industry report showed that retail sales climbed 1.6 percent year-over-year in July, ahead of the 1.1 percent growth expected by economists. Sales by large retailers rose 2.1 percent. Profits earned by Chinese industrial enterprises decreased in July after rising in the previous month, figures from the National Bureau of Statistics showed. Industrial profits fell 2.9 percent year-over-year in July following a 0.3 percent increase in the preceding month. We have your book on hold... Best-selling author Jim Rickards has just released a new book called The Big Drop. Inside, it warns of a few critical dangers that every American should begin preparing for right now. However, this book is not available for sale. Instead, we're on a nationwide campaign to spread the book far and wide for FREE. Click here to learn how to claim a copy Currency and Commodities Markets Crude oil futures are slipping $0.333 to $42.23 a barrel after surging up $3.96 to $42.56 barrel on Thursday. An ounce of gold is trading currently at $1,126.50, up $3.90 from the previous session's close of $1,122.60. On Thursday, gold fell $2. On the currency front, the U.S. dollar is trading at 120.80 yen compared to the 121.03 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.1274 compared to yesterday's $1.1246.     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 Friday, 28 August 2015 09:54:49 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan Is Lloyds About To Be Sold Off Cheaply? The last of the governement's stake in Lloyds is to be sold off. And this time, the 'little guy' can get involved. 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: Strategists sound optimistic note Markets wavered slightly at the start of trading as investors continued to take stock of Thursday's much stronger than expected reading on the US economy and what it might mean for the Federal Reserve's monetary policy. As of 08:56 the Footsie was 1.66 points higher to 6,193.66 but Germany's Dax-30 off by 0.95% to 10,219.57. Overnight, the Shanghai Stock Exchange Composite Index finished the session with gains of 4.82% to reach 3,232.35 points. Echoing the view of other strategies, strategists at Credit Suisse reiterated their "constructive" view on US and European equities as "too much of a slowdown in growth is being priced in" and "the normal pre-conditions for an equity bear market are not in place. Nonetheless, they did lower their price targets for both the S&P 500 and Euro Stoxx 50. In parallel, Moody's cut its forecast for economic growth in the G-20 space next year to 2.8% from 3.1%, reflecting the slowdown in China and the impact of lower commodity prices on producing countries. Acting as a backdrop, traders were expected to keep an eye out for any remarks coming from the US Federal Reserve's Jackson Hole Economic Policy Symposium. Governor Mark Carney is scheduled to participate on a panel on global inflation dynamics on Saturday. Consumers in the UK were at their most upbeat in August since January 2000 according to consuktancy GfK, thanks to recent low inflation and improved wage growth. Revised data on second quarter growth in gross domestic product in Britain will be released at 09:30, courtesy of ONS. Rotork snaps up subsea specialist Industrial components manufacturer Rotork took advantage of the depressed market environment by acquiring what it described as a leading manufacturer of components for the oil and gas industry. The Bath-based outfit will pay a total consideration of up to £125m for Manchester-based bifold, on a cash-free and debt-free basis, which has expertise in a number of niche sectors such as subsea and wellhead control systems. 888 Holdings reported a 41% drop in first-half pre-tax profit as the company was hit by new taxes, but said it remains confident of achieving its full-year expectations. John Laing Infrastructure Partners registered a slight drop in its net asset value at the half-year stage but management waxed optimistic on the opportunities for growth and diversification which were now available to the company. In the six months ending on 30 June the company's net asset value dropped 1.4% to 10.7.8p per share, mainly due to negative exchange rate movements. Rentokil Initial announced the acquisition of Chicago-based Anderson Pest Solutions for an undisclosed sum. The pest control company said the deal was in line with its strategy of continued acceleration of its pest control business and pursuing acquisition targets in higher growth markets. Luxury shoe and handbag maker Jimmy Choo posted a significant hike in profit in the first six months of the year, boosted by growth in its retail division. In the six months to 30 June, the London-listed company reported a pre-tax profit of £20.3m, a remarkable rise from the £1.3m it reported at the same time last year, while revenue climbed 6.5% year-on-year to £158.5m. 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Market Movers techMARK 3,050.31 -0.32% FTSE 100 6,182.70 -0.15% FTSE 250 16,915.97 -0.04% FTSE 100 - Risers Glencore (GLEN) 148.95p +2.48% BG Group (BG.) 982.50p +2.15% Royal Dutch Shell 'B' (RDSB) 1,684.00p +1.48% Royal Dutch Shell 'A' (RDSA) 1,675.00p +1.30% St James's Place (STJ) 942.00p +1.07% Standard Chartered (STAN) 764.00p +0.92% Sky (SKY) 1,048.00p +0.87% BHP Billiton (BLT) 1,110.50p +0.73% Ashtead Group (AHT) 944.00p +0.69% BP (BP.) 353.50p +0.65% FTSE 100 - Fallers Antofagasta (ANTO) 603.00p -1.39% Admiral Group (ADM) 1,521.00p -1.36% Marks & Spencer Group (MKS) 516.50p -1.34% Coca-Cola HBC AG (CDI) (CCH) 1,312.00p -1.28% Morrison (Wm) Supermarkets (MRW) 166.20p -1.13% Shire Plc (SHP) 4,960.00p -1.10% SABMiller (SAB) 2,985.50p -1.08% Tesco (TSCO) 189.40p -1.07% Next (NXT) 7,850.00p -1.01% Intertek Group (ITRK) 2,508.00p -0.99% FTSE 250 - Risers Marshalls (MSLH) 335.60p +6.03% Lonmin (LMI) 34.59p +4.72% Tullow Oil (TLW) 212.80p +4.11% Dunelm Group (DNLM) 921.00p +2.91% Pennon Group (PNN) 750.00p +2.67% Centamin (DI) (CEY) 59.65p +2.67% Petrofac Ltd. (PFC) 876.00p +2.64% Zoopla Property Group (WI) (ZPLA) 261.90p +2.63% Premier Oil (PMO) 104.00p +2.56% Worldwide Healthcare Trust (WWH) 1,929.00p +2.44% FTSE 250 - Fallers Debenhams (DEB) 77.55p -4.85% Go-Ahead Group (GOG) 2,480.00p -3.84% PayPoint (PAY) 973.00p -3.18% Card Factory (CARD) 365.10p -2.38% Ladbrokes (LAD) 97.90p -2.30% Wizz Air Holdings (WIZZ) 1,805.00p -2.17% Restaurant Group (RTN) 665.50p -1.92% Jimmy Choo (CHOO) 163.50p -1.86% Betfair Group (BET) 3,175.00p -1.61% UK Event Calendar Friday August 28 UK ECONOMIC ANNOUNCEMENTS GDP second estimate (output, income & expenditure) (09:30) Index of Services (09:30) INTERNATIONAL ECONOMIC ANNOUNCEMENTS Balance of Payments (GER) (07:00) Business Climate Indicator (EU) (10:00) Economic Sentiment Indicator (EU) (10:00) Personal Consumption Expenditures (US) (13:30) Personal Income (US) (13:30) Personal Spending (US) (13:30) U. of Michigan Confidence (Final) (US) (14:45) INTERIMS 888 Holdings, Bank Audi S.A.L. GDR (Repr 1'Com'Shr Lbp1650)(Reg S), BBGI SICAV S.A. (DI), British Polythene Industries, Bwin.party Digital Entertainment, Cathay International Holdings Ltd., Charles Taylor, Chesnara, Computacenter, Exova Group , Harworth Group, Henry Boot, Huntsworth, John Laing Infrastructure Fund Ltd, Joint Stock Company Rosseti GDR (Each Repr 200 Ord) Reg S, Kenmare Resources, Lavendon Group, Matomy Media Group Limited (DI) , MHP SA GDR (Reg S), Nord Gold NV GDR (Reg S), PJSC Centre For Cargo Container Traffic Transcontainer GDR (Reg S), PJSC RusHydro ADR , Restaurant Group, UTV Media INTERIM DIVIDEND PAYMENT DATE Entu (UK) , Independent Inv Trust, Jupiter Fund Management , Kennedy Wilson Europe Real Estate , Maven Income & Growth 3 VCT, Maven Income and Growth VCT 5, Microgen, Nichols, Relx plc QUARTERLY PAYMENT DATE City of London Inv Trust, Ediston Property Investment Company, Picton Property Income Ltd QUARTERLY EX-DIVIDEND DATE Canadian General Investments Ltd. Q2 Nord Gold NV GDR (Reg S), PJSC Centre For Cargo Container Traffic Transcontainer GDR (Reg S) ANNUAL REPORT Renishaw AGMS Biofrontera AG (DI), Naspers Ltd. ADR, Phorm Corporation Ltd (DI), Stagecoach Group, The Fulham Shore TRADING ANNOUNCEMENTS Computacenter FINAL DIVIDEND PAYMENT DATE Bilby, Blue Planet Investment Trust, GB Group, Halfords Group, Hargreave Hale AIM VCT 2, Hayward Tyler Group, Latham (James), Northern Bear, Plastics Capital, TechFinancials (DI), UK Mail Group   PROVEN Trading Strategy - Made 7478 pips in 2014 and 5176 by April 2015. Earn a tax free income trading, from just 20 minutes a day.  Our simple to follow, rules based trading strategy will  tell you exactly when to buy and sell with confidence. Register for a FREE brochure and trading guide, Click Here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks drop amid caution after turbulent week European stocks fell into the red, unable to hold on to early gains as investors erred on the side of caution following a turbulent week and ahead of some key US data releases. At 0910 BST, the benchmark Stoxx Europe 600 index was down 0.6%, France's CAC was 0.5% lower and Germany's DAX was down 0.9%. Despite the heavy losses seen this week and ongoing concerns over a slowdown in China, Credit Suisse said in an equity strategy note that it remains constructive on European equities, which it rates at 'overweight'. The bank said many of the worries in the market are overdone and insisted this is not the start of a bear market. It added that investors are pricing in too much of an economic slowdown. "We see global growth modestly accelerating, further supported by European data releases over the past week. Moreover, further slowdown in China would, in our view, result in more monetary easing globally (and no rate hike in the US this year)," said Credit Suisse. On the corporate front, shares in French luxury goods maker Hermes fell despite the company reporting a 20% jump in first-half operating income. On the upside, drillship company Seadrill surged after its second-quarter earnings beat expectations. On the data front, Eurozone consumer confidence is at 1000 BST. In the US, personal income and spending and the PCE deflator are due at 1330 BST, while University of Michigan consumer confidence is at 1500 BST. Open a new account & trade online for just £5.95 for your first 3 months Better platform, Better tools,  Better welcome,  Better trading - TD Direct Investing. Find out more You may not get back all the money you invest  US Market Report US close: Stocks rally as oil prices hit biggest one-day gain in six years US stocks rallied on Thursday, as Wall Street fed off a global recovery and strong GDP data. The Dow Jones Industrial Average closed up 369 points to 16,654.77, while the S&P 500 and the Nasdaq were 47 and 115 points higher respectively. "Today's strong revision to US GDP made the Fed's job even harder when they reconvene for September's meeting, which has all but been written off as a source of a rate hike given this week's volatility," said Joshua Mahony, market analyst at IG. "Contradictory statements from Fed members has muddied the picture as much as the data, but the size of today's GDP reading has done enough to revive expectations of a hike in September for just the second time in as many weeks." Thursday data According to the Commerce Department, the US gross domestic product was revised to have grown 3.7% in the second quarter, compared with an initial estimate of 2.3% and ahead of analysts' expectations calling for a 3.2% increase. Consumer spending was also revised upward, rising from 2.9% to 3.1%, while corporate profits climbed 2.4% in the second quarter after declining 5.8% in the previous three months. "We don't think a September rate hike is completely off the table, but we'll just have to wait and see what officials have to say at this weekend's Jackson Hole gathering," said Paul Ashworth, chief US economist at Capital Economics. Meanwhile, in the week ended 22 August initial claims declined by 6,000 to reach 271,000, according to figures published by the Department of Labor, falling below the 275,000 level analysts expected. The figure marked the 25th consecutive week initial claims have remained below the 300,000 level, the longest stretch in 15 years. The index from the National Association of Realtors (NAR) climbed 0.5% month-on-month in July, reversing the previous month's decline and climbing 7.3% year-on-year. Both figures, however, were below the 1.0% month-on-month gain and the 8.4% increase on a yearly basis analysts had expected. Oil prices clinch biggest one-day gain since 2009 Elsewhere, Chinese shares led markets around the region upwards, as a late rally saw the Shanghai Composite rise by 5.35% to snap a five-day rout, while European stocks were also higher. The dollar edged higher against the main currencies, gaining 0.82% against both the yen and the euro and climbing 0.42% against the pound, while gold futures shed 0.08% to $1,123.70, Oil prices surged, as both West Texas Intermediate and Brent surged over 9% to $42.68 a barrel and $47.45 a barrel respectively, notching their biggest one-day gain since 2009. In company news, shares in St Jude Medical jumped 4.44% after reports that Abbott Laboratories could buy the maker of medical devices. Abbott Laboratories, which denied the report just before the opening bell, saw its shares climb 3.77%. Software maker Workday rose 4%, even though a weak billings forecast left analysts unimpressed, while Tiffany & Co lost 2.17% after disappointing quarterly report. S&P 500 - Risers Peabody Energy Corp. (BTU) $2.28 +49.02% Freeport-McMoRan Inc (FCX) $10.19 +28.66% United States Steel Corp. (X) $16.89 +15.68% Denbury Resources Inc. (DNR) $3.95 +15.16% CONSOL Energy Inc. (CNX) $13.86 +13.79% QEP Resources Inc (QEP) $13.01 +12.54% Nabors Industries Ltd. (NBR) $10.77 +12.19% Noble Corporation plc (NE) $12.39 +12.13% Transocean Ltd. (RIG) $12.93 +11.47% Chesapeake Energy Corp. (CHK) $7.02 +10.73% S&P 500 - Fallers Patterson Companies Inc. (PDCO) $45.94 -6.30% Dollar General Corp (DG) $74.31 -3.13% Tiffany & Co. (TIF) $83.26 -2.14% Tesoro Corp. (TSO) $90.64 -1.22% Valero Energy Corp. (VLO) $58.35 -0.85% Dollar Tree Inc (DLTR) $76.79 -0.71% Nordstrom Inc. (JWN) $73.32 -0.65% Brown Forman Corp. Class B (BF.B) $97.74 -0.54% Cerner Corp. (CERN) $61.44 -0.31% Southwest Airlines Co. (LUV) $37.31 -0.29% Dow Jones I.A - Risers Chevron Corp. (CVX) $77.64 +6.23% General Electric Co. (GE) $25.01 +4.16% Unitedhealth Group Inc. (UNH) $117.77 +3.80% Nike Inc. (NKE) $112.62 +3.55% Exxon Mobil Corp. (XOM) $74.85 +3.24% Walt Disney Co. (DIS) $102.17 +2.96% Apple Inc. (AAPL) $112.92 +2.94% Microsoft Corp. (MSFT) $43.90 +2.79% E.I. du Pont de Nemours and Co. (DD) $52.02 +2.68% Goldman Sachs Group Inc. (GS) $189.21 +2.61% Dow Jones I.A - Fallers Nasdaq 100 - Risers Micron Technology Inc. (MU) $15.67 +8.67% Avago Technologies Ltd. (AVGO) $126.21 +8.61% Tesla Motors Inc (TSLA) $242.99 +8.07% Netflix Inc. (NFLX) $117.62 +6.80% Sandisk Corp. (SNDK) $52.84 +6.73% Baidu Inc. (BIDU) $151.91 +6.68% Wynn Resorts Ltd. (WYNN) $78.51 +5.68% Mattel Inc. (MAT) $22.82 +4.92% Applied Materials Inc. (AMAT) $15.95 +4.66% Liberty Global plc Series A (LBTYA) $49.06 +4.61% Nasdaq 100 - Fallers Dollar Tree Inc (DLTR) $76.79 -0.71% Successful Property Investng Find out how to build your own specialist buy-to-let property portfolio that gives you an income for life. Sign up to our newsletter. Click Here Newspaper Round Up Friday newspaper round-up: Tesco, First-time buyers, consumer confidence The ousted chief executive of Tesco is to be interviewed by the Serious Fraud Office over the supermarket group's £326m accounting scandal. Philip Clarke, who left Tesco last year after a series of profit warnings, is to be interviewed under caution, Bloomberg reported, citing people with knowledge of the investigation. - The Times The threat of rising interest rates has helped the number of first-time buyers to jump to its highest level since 2007, despite the increasingly hefty deposits needed. Completed property transactions by first-timers reached 29,700 in July, which was 5% higher than in June and the highest since August 2007 when the number stood at 35,300, according to the latest first-time buyer tracker report from Your Move and Reeds Rains, the estate agents. - The Times UK consumer confidence climbed to its joint highest level in 15 years in August, as rising house prices, a brighter jobs market and low inflation underscored Britain's recovery. GfK's latest confidence barometer showed optimism about personal finances as well as the wider economy rose in August compared with July, pushing its index up three points to 7. This matched June's reading, which was also the highest since January 2000. - The Daily Telegraph The US government has approved a massive deal to modernise Britain's fleet of Apache attack helicopters with the latest American technology, removing a major hurdle that could have otherwise seen the aircraft upgraded in the UK. The US State Department said it had approved a request from the Ministry of Defence for a $3bn deal for the "remanufacture" of 50 Apache WAH-64 Mk I helicopters to turn them into advanced AH-64E Guardian models. - The Daily Telegraph The number of millionaires in the UK has shot up by 41% over the past five years, with one in 65 adults now classed as having a seven-figure fortune thanks to booming house prices and stock market gains. There are now 715,000 millionaires living in Britain compared with 508,000 in 2010, with London having the highest concentration of wealthy individuals. The capital has 191,000 millionaires, followed by the south-east with 157,000, according to data from the wealth management arm of Barclays bank. - The Guardian Central London Property Investment Paying 15% Per Annum Limited availability, serious investors only click here   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 Thursday, 27 August 2015 09:48:38 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan Is Lloyds About To Be Sold Off Cheaply? The last of the governement's stake in Lloyds is to be sold off. And this time, the 'little guy' can get involved. 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 rise as China concerns ease UK stocks on Thursday dusted off the previous day's slump as concerns on China's shrinking economy persisted. The rebound came on the back of a positive session in China's equity market following huge losses earlier in the week. The market was uplifted by remarks from Federal Reserve official William Dudley who said the case for an interest rate hike in September seemed "less compelling" in light of the turbulence in global stocks, caused by China. Following 'Black Monday' when international shares plunged on China slowdown woes, the People's Bank of China decided to slash interest rates, the deposit facility and the reserve rate ratio on Tuesday. The central bank went further on Wednesday to address the wailing economy by injecting 140bn yuan stimulus. The measures initially failed to soothe the Chinese market. The PBoC's decision on 11 August to devalue the yuan raised a red alert on the country's flagging economy with the panic slowly building to reach breaking point on Monday. Back on home turf, a report from Nationwide showed UK house prices cooled in August. The price of a home increased at a 0.3% month-on-month pace in August, bringing the year-on-year pace of inflation down to a 3.2% clip versus the 3.5% seen in July. Economists had been expecting a rise of 0.4% month-on-month and 3.1% year-on-year. The average price of a home in the UK slipped to a non-seasonally adjusted value of 195,279 pounds in August, down from 195,621 pounds in July. Across the pond, US gross domestic product data is due at 1330 BST with economists expecting a pick-up in growth by annualised 3.2% in the second quarter, accelerating from the previous quarter's 2.3% gain. The US will also see the release of weekly jobless claims figures and pending home sales at 1330 BST and 1500 BST respectively. The Fed is monitoring economic data as it figures out the best timing for the first interest rate increase in nine years. Among corporate stocks, CRH surged after the building materials group posted a 3% rise in first half pre-tax profit to €61m and said it would buy US firm C.R Laurence Co for $1.3bn. Lonmin gained after the platinum miner said it has cut 1,400 jobs so far out of an estimated target of 6,000 in an effort to address lower commodity prices. Other miners including Anglo American and BHP Billiton advanced on the pick-up in China stocks and an increase in gold, silver and copper prices. Heading the other way, Playtech's shares went south despite reporting a 19% rise in adjusted first-half net profit as revenues increased amid growth across its businesses. John Laing Group declined after reporting a 68% drop in pre-tax profits in the first half, as earnings were hit by forex headwinds. SG Market Master 2015 Build the ultimate virtual portfolio from our range of Short & Leverage ETPs without risking a penny for real and you could win prizes that money can’t buy: Rugby World Cup 2015 signed shirts, balls, and match day tickets with hotel accommodation. Starting September 7th, contestants will have four weeks to invest £100,000 of virtual funds to create the highest overall return using Short & Leverage ETPs. Click here to register Losses can exceed a direct investment in the underlying asset. The value of the product can go up as well as down. Performance is compounded daily. Market Movers techMARK 3,022.32 +1.80% FTSE 100 6,101.77 +2.05% FTSE 250 16,823.16 +1.34% FTSE 100 - Risers CRH (CRH) 1,882.00p +4.56% Anglo American (AAL) 693.10p +4.34% Standard Chartered (STAN) 737.70p +4.30% BHP Billiton (BLT) 1,045.50p +3.57% Associated British Foods (ABF) 3,197.00p +3.23% ARM Holdings (ARM) 903.00p +3.20% Weir Group (WEIR) 1,401.00p +3.17% HSBC Holdings (HSBA) 511.70p +3.12% Ashtead Group (AHT) 930.00p +3.10% Barclays (BARC) 259.65p +3.04% FTSE 100 - Fallers Hikma Pharmaceuticals (HIK) 2,238.00p -0.22% FTSE 250 - Risers Aldermore Group (ALD) 301.20p +8.35% Premier Oil (PMO) 101.00p +7.73% Grafton Group Units (GFTU) 716.50p +5.91% Tullow Oil (TLW) 199.60p +5.72% Petrofac Ltd. (PFC) 835.50p +5.23% Allied Minds (ALM) 447.90p +4.16% Fidelity China Special Situations (FCSS) 117.70p +4.07% Ophir Energy (OPHR) 91.45p +3.98% Scottish Mortgage Inv Trust (SMT) 248.40p +3.98% Lonmin (LMI) 35.71p +3.60% FTSE 250 - Fallers OneSavings Bank (OSB) 341.90p -6.05% Hunting (HTG) 419.50p -3.12% Phoenix Group Holdings (DI) (PHNX) 839.00p -2.72% Playtech (PTEC) 874.00p -1.91% Centamin (DI) (CEY) 56.75p -1.73% Stagecoach Group (SGC) 359.70p -1.45% Fisher (James) & Sons (FSJ) 1,020.00p -1.45% Dechra Pharmaceuticals (DPH) 916.50p -1.45% Shaftesbury (SHB) 888.50p -1.39% Wizz Air Holdings (WIZZ) 1,843.00p -0.91% FTSE TechMARK - Risers SDL (SDL) 380.00p +3.05% Skyepharma (SKP) 300.00p +2.92% Oxford Instruments (OXIG) 868.00p +2.66% E2V Technologies (E2V) 230.25p +1.43% Spirent Communications (SPT) 77.50p +1.31% Ricardo (RCDO) 900.00p +0.78% KCOM Group (KCOM) 90.50p +0.56% FTSE TechMARK - Fallers Filtronic (FTC) 5.75p -25.81% Oxford Biomedica (OXB) 8.50p -6.59% DRS Data & Research Services (DRS) 12.50p -3.85% NCC Group (NCC) 227.50p -1.41% Innovation Group (TIG) 34.50p -0.72% Sepura (SEPU) 161.00p -0.31% Consort Medical (CSRT) 935.00p -0.21% UK Event Calendar Thursday August 27 INTERNATIONAL ECONOMIC ANNOUNCEMENTS Continuing Claims (US) (13:30) GDP (Preliminary) (US) (13:30) Initial Jobless Claims (US) (13:30) M3 Money Supply (EU) (09:00) Pending Homes Sales (US) (15:00) INTERIMS Aldermore Group, Allied Minds , Amec Foster Wheeler, Arrow Global Group, Atlas Mara Limited (DI), Churchill China, CRH, Evraz, Grafton Group Units, Gulf Keystone Petroleum Ltd.(DI), Hansteen Holdings, Hunting, IFG Group, Irish Continental Group Units, John Laing Group , Lamprell, Lenta Ltd GDR (Each 5 Repr 1 Ord) (144A) , Macfarlane Group, Oxford Biomedica, Petropavlovsk, Playtech, PPHE Hotel Group Ltd, Public Power GDR SA (Reg S), Servelec Group , Signet Jewelers Ltd., STV Group, TCS Group Holding GDR (Each Repr 1 A Shr) (Reg S), The Renewables Infrastructure Group Limited, Xaar Q1, Q2 Cairn Homes, Signet Jewelers Ltd. FINALS Hays INTERIM DIVIDEND PAYMENT DATE Polar Capital Global Financials Trust INTERIM EX-DIVIDEND DATE Acacia Mining, BlackRock World Mining Trust, British Smaller Companies VCT 2, Croda International, Devro, Henderson Group, Hikma Pharmaceuticals, InterContinental Hotels Group, Lancashire Holdings Limited, London Stock Exchange Group, Low & Bonar, LPA Group, Marshall Motor Holdings, Maven Income & Growth 4 VCT, Mincon Group , Phoenix Group Holdings (DI), Polypipe Group , Rexam, Rights & Issues Inv Trust Income Shares, Robinson, Rotork, Stock Spirits Group , Ultra Electronics Holdings, Virgin Money Holdings (UK) , Wood Group (John) QUARTERLY EX-DIVIDEND DATE Alpha Real Trust Ltd., Canaccord Genuity Group Inc., HICL Infrastructure Company Ltd, Imperial Tobacco Group, Premier Energy & Water Trust, Real Estate Credit Investments PCC Ltd SPECIAL DIVIDEND PAYMENT DATE Aberforth Geared Income Trust SPECIAL EX-DIVIDEND PAYMENT DATE Premier Energy & Water Trust EGMS Aseana Properties Ltd. AGMS Albion Enterprise VCT, Globalworth Real Estate Investments Limited, Minera IRL Ltd., TP10 VCT , Trafalgar New Homes FINAL EX-DIVIDEND DATE Bloomsbury Publishing, Carclo, Cohort, Dixons Carphone , Downing Four VCT DSO 'D' Shs, Fletcher King, Hazel Renewable Energy VCT 1, Hazel Renewable Energy VCT 2, NCC Group, Park Group, Safeland, Sepura, Stagecoach Group   PROVEN Trading Strategy - Made 7478 pips in 2014 and 5176 by April 2015. Earn a tax free income trading, from just 20 minutes a day.  Our simple to follow, rules based trading strategy will  tell you exactly when to buy and sell with confidence. Register for a FREE brochure and trading guide, Click Here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Equities push higher, tracking gains in the US and Asia European stocks pushed higher in early trade, tracking gains in the US and Asia as fears of a September rate by the Federal Reserve receded. At 0900 BST, the benchmark Stoxx Europe 600 index was up 2.5%, France's CAC 40 was 2.4% higher and Germany's DAX was up 2.9%. Comments on Wednesday by chair of the New York Federal Reserve Bill Dudley, suggesting that a September rate hike is now "less compelling", helped to underpin the mood. At a press briefing on the regional economy, Dudley, who is a well-known dove among the rate-setters, said that given recent market turmoil, a rate hike next month may not be appropriate. A positive session in Asia, which took its cue from Wall Street, also helped to lift sentiment. The Shanghai Composite ended up more than 5% while the Hang Seng closed 4.1% higher and the Nikkei 225 finished up 1.1%. "For now there is quite a bit of relief that stocks in China are finally staging a moderate and long awaited bounce-back," said Markus Huber, senior analyst at Peregrine & Black. "Confidence seems to be returning that if more needs to be done by the PBoC and the Chinese government in order to support the Chinese stock market and the economy that it will be done. "There is also speculation that the ECB possibly as early as next week might announce an extension and upping of their QE program. No doubt things are looking a bit brighter for stocks compared to earlier in the week however it still needs to be seen if the worst is indeed behind us or if we are just in the middle of a 'technical' bounce with more downside to come soon." On Tuesday, the People's Bank of China announced that it was lowering its benchmark lending and deposit rates by 25 basis points with effect from 26 August and cutting its reserve requirement ratio by 50 basis points, starting from 6 September. The following day, it announced that it would inject 140bn yuan into the financial system via short-term liquidity operations. Asian markets appear to have stabilised somewhat on the back of these measures, although market commentators said investors will likely continue to tread carefully as underlying worries about growth prospects in China remain. In corporate news, French telecoms company Bouygues rallied as it reported a 51% jump in first-half operating profit and lifted the 2015 profit target for its phone operations. Fresenius also posted strong gains after the healthcare group said it would increase its 2015 dividend by more than 20%. Shares in Irish construction group CRH rose sharply after it posted a 3% increase in interim profit on revenue of €9.4bn. up 13% from last year. Open a new account & trade online for just £5.95 for your first 3 months Better platform, Better tools,  Better welcome,  Better trading - TD Direct Investing. Find out more You may not get back all the money you invest  US Market Report US Close: Main benchmarks rise to snap losing streak US stocks closed higher on Wednesday as the country's main benchmarks snapped a six day losing streak due to sentiment recovering across the board. The Dow Jones Industrial Average picked up steam to close 3.95% higher. Similarly the S&P 500 rose by 3.90% and the Nasdaq was lifted by 4.24%. Stocks fluctuated throughout the day, spiking on comments from New York Federal Reserve President William Dudley that a September rate hike looks "less compelling." Wednesday data According to the Commerce Department, orders for durable goods rose 2% in July compared with the 0.6% reading analysts had forecast. Excluding transportation, however, orders rose 0.6%, while orders for core capital goods rose 2.2% to reach their highest level in 13 months. Meanwhile, the Mortgage Bankers Association said its seasonally adjusted index of application activity, which covers home purchase demand and refinancing demand, climbed 0.2% in the week ended 21 August. The seasonally adjusted sub-index of refinancing applications fell 1%, while the index of loan requests for home purchases, a key indicator of home sales, rose 1.7%. The dollar rose by 1.06% against the yen, dropped by almost 2% against the euro and fell by 1.19% against the pound, while gold futures dropped by 1.3% to $1,123.00. Oil prices were mixed, with West Texas Intermediate losing 0.9% to $38.96 a barrel, while Brent went the other way, gaining 0.826% to $43.57 a barrel. Clothing retailers climb In company news, clothing brand Abercrombie & Fitch Co's shares surged by 9.5%, after the company beat earnings and sales estimates for the second quarter. Fellow fashion company Express Inc rose by 19.82% to close at $20.25 after reporting better than expected second quarter results. Going the other way, offshore drilling firm Transocean fell by 7.95% after the company said it wanted to cancel upcoming dividend payments. Successful Property Investng Find out how to build your own specialist buy-to-let property portfolio that gives you an income for life. Sign up to our newsletter. Click Here Newspaper Round Up Thursday newspaper round-up: Barclays, Facebook, China A district court judge in the US has thrown out investor lawsuits against Barclays and a host of exchanges, dismissing claims that the bank rigged its "dark pool" trading venue in favour of high-frequency traders. The multi-district litigation was part of a litany of claims set off by Flash Boys: A Wall Street Revolt, Michael Lewis's best-selling book published last year. In it, Mr Lewis argued that high-frequency traders were able to gain an unfair advantage because stock exchanges and "dark pools" - broker-run trading venues that allow buyers and sellers to swap shares with greater anonymity - had enabled those traders to obtain and trade on market data faster than other investors. - Financial Times Facebook has created a virtual assistant powered by artificial intelligence that can do everything from organising birthday parties to calling companies so users do not have to spend hours on hold. The M service - which will run inside Facebook Messenger - is the company's attempt to challenge Apple's Siri and Microsoft's Cortana, virtual personal assistants that communicate using voice recognition software. - Financial Times Towergate and its majority owner face a £20 million bill after settling a breach of contract claim over its poaching of several executives from its broking rival Arthur J Gallagher. The group, one of Britain's biggest independent insurance brokers to small and medium-sized businesses, has agreed to pay £8 million to Gallagher in two instalments, the first this month followed by another payment in April. - The Times China has embarked on a criminal pursuit of rogue banks and brokerages in a crackdown designed to stop money fleeing the country as it struggles to stave off a stock market collapse. Authorities are investigating five of the country's biggest brokers and have launched a probe against "underground banks" for financial malpractice, which they claim has helped trigger record levels of capital flight. - Telegraph England's enterprise zones got off to a slow start from their launch in 2012 but according to government figures published on Thursday they have now created 19,000 jobs and attracted 540 companies and £2.2bn of private investment. The 24 zones, which offer companies business rate discounts and tax reliefs, were launched by the coalition government with the aim, subsequently scaled down, of creating 54,000 jobs by 2015. - Financial Times Central London Property Investment Paying 15% Per Annum Limited availability, serious investors only click here   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