| | | | | | | | 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: Stocks gain after better-than-expected Chinese exports UK stocks gained on Tuesday after trade data showed Chinese exports fell less than expected in August.
China's exports dropped 5.5% in August from a year earlier in dollar terms after a 8.3% drop in July, according to the General Administration of Customs, better than the 6.6% decline that was expected by analysts. However, Customs said China exports will continue to face "relatively big pressure" in the fourth quarter amid a slowing economy.
Imports last month decreased 13.8% in August in dollar terms compared to a year ago, more than the 7.9% dip that was forecast, after a 8.1% fall in July.
China's trade surplus widened in August to $60.2 billion from $43.03 billion in July, beating projections of $48bn.
Capital Economics said trade was "healthier than headlines suggest", adding the figures would likely have been stronger in August had it not been for temporary disruptions to industrial following the Tianjin warehouse blast and factory closures ahead of last week's WWII Victory Day parade.
"Looking ahead, we think trade growth ought to recover over the coming quarters," said China economist Julian Evans-Pritchard. "The drag from the Tianjin blast and Victory parade disruptions ought to have mostly faded this month. Meanwhile, stronger growth in China's main trading partners ought to shore up exports while a pick-up in investment spending will boost imports."
In the eurozone, Germany's trade surplus narrowed to €22.8bn in July from €24.4bn a month earlier, slightly more than the €23.5bn expected by analysts. Exports rose 2.4% in July, compared to forecasts for a 1% gain and the previous month's 1.1% drop. Imports climbed 2.2% in July, smashing estimates for a 0.7% rise and better than June's 0.8% fall.
Germany will also see the release of gross domestic product data for the second quarter at 1000 BST, with analysts predicting 1.2% growth.
On this side of the pond, British retail spending stagnated in August due to poor weather and the later-than-usual date of a public holiday. The British Retail Consortium said retail spending in August was 0.1% higher than a year earlier, the smallest rise since April and down from 2.2% growth in July.
The US resumes trading after a break for Monday's Labor Day. US reports on small business optimism, labour market conditions and consumer credit will be released in the afternoon session.
Company-wise, Betfair rallied after the company and its rival Paddy Power agreed on a £5bn merger.
Amlin surged after MS&AD Insurance Group Holdings said it was in talks to buy the group.
United Utilities was at the top of the FTSE 100 amid reports that it could attract takeover interest due to its current valuation. Bernstein upgraded the stock to 'outperform', saying it is "an attractive acquisition target for a pension or infrastructure fund".
Berkeley Group climbed after the homebuilder reiterated its earnings guidance as it continued to expand its operations in the current financial year.
Hikma Pharmaceuticals was higher as it agreed to acquire almost the entire share capital of Egypt-based EIMC United Pharmaceuticals (EUP) from a consortium of shareholders for an undisclosed sum.
RSA Insurance rose as it signed contracts to sell its operations in Latin America to Suramericana SA.
Whitbread slumped as the owner of Costa coffee shops reported a slowdown in sales in the second quarter. |
| | 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 3,102.66 +0.91%
FTSE 100 6,168.24 +1.54%
FTSE 250 17,018.35 +1.04%
FTSE 100 - Risers
United Utilities Group (UU.) 880.00p +3.29%
Aberdeen Asset Management (ADN) 316.30p +2.66%
HSBC Holdings (HSBA) 506.80p +2.59%
GKN (GKN) 276.30p +2.52%
Standard Chartered (STAN) 718.00p +2.37%
Aviva (AV.) 473.90p +2.33%
Barclays (BARC) 258.90p +2.33%
BP (BP.) 343.70p +2.29%
London Stock Exchange Group (LSE) 2,512.00p +2.28%
Hargreaves Lansdown (HL.) 1,113.00p +2.20%
FTSE 100 - Fallers
Whitbread (WTB) 4,581.00p -2.76%
Sports Direct International (SPD) 779.00p -0.19%
Antofagasta (ANTO) 606.50p -0.08%
FTSE 250 - Risers
Amlin (AML) 655.00p +32.99%
Lancashire Holdings Limited (LRE) 702.00p +7.50%
Ashmore Group (ASHM) 259.50p +6.00%
Beazley (BEZ) 344.30p +5.00%
Serco Group (SRP) 109.20p +4.30%
Hiscox Limited (DI) (HSX) 920.00p +3.25%
esure Group (ESUR) 241.10p +3.08%
Evraz (EVR) 70.15p +2.63%
Henderson Group (HGG) 249.80p +2.55%
Aggreko (AGK) 1,062.00p +2.51%
FTSE 250 - Fallers
Petra Diamonds Ltd.(DI) (PDL) 115.20p -3.27%
Premier Oil (PMO) 88.10p -2.92%
Home Retail Group (HOME) 146.10p -1.81%
Aldermore Group (ALD) 290.20p -1.69%
OneSavings Bank (OSB) 375.00p -1.37%
Shawbrook Group (SHAW) 323.40p -1.28%
Just Retirement Group (JRG) 187.90p -1.11%
Jimmy Choo (CHOO) 156.10p -0.95%
BH Macro Ltd. GBP Shares (BHMG) 2,042.00p -0.87%
Genus (GNS) 1,363.00p -0.87%
FTSE TechMARK - Risers
NCC Group (NCC) 260.75p +4.30%
Oxford Biomedica (OXB) 8.17p +2.25%
Skyepharma (SKP) 352.00p +2.03%
BATM Advanced Communications Ltd. (BVC) 17.75p +1.43%
KCOM Group (KCOM) 94.75p +1.07%
Spirent Communications (SPT) 79.50p +0.95%
Dialight (DIA) 607.00p +0.83%
Consort Medical (CSRT) 965.00p +0.73%
E2V Technologies (E2V) 240.00p +0.42%
FTSE TechMARK - Fallers
Oxford Instruments (OXIG) 657.00p -17.88%
Innovation Group (TIG) 39.75p -0.62%
|
| | When Can You Retire? | | If you have £250,000, download the guide for retirees written by Forbes columnist and money manager Ken Fisher's firm. Even if you have something else in place, this must-read guide includes research and analysis you can user right now. Don't miss it! |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks push higher in early trade as German data lends support European stocks rose in early trade, taking their cue from a positive session in China and buoyed by a solid set of German trade figures.
At 0845 BST, the benchmark Stoxx Europe 600 index was up 1.5%, France's CAC 40 was 1.4% firmer and Germany's DAX was up 1.6%.
"European markets have opened positively in early trading boosted by the beleaguered mining sector and strong export and import data from Germany," said Andy McLevey, head of dealing at Interactive Investor.
"Asian markets broke a six day losing streak although mixed data from China limited gains as better than expected export data for August was countered by weak trade data which continues to cause concern of an economic slowdown in the world's second largest economy."
Data released earlier showed China's exports shrank by 9.6% in August compared to the same month last year, falling short of consensus expectations. Imports from abroad were similarly weak, with purchases decreasing at a 17.3% year-on-year rate, far exceeding the 7.9% consensus and the fall of 8.1% in July. Seasonally adjusted rates showed imports down 13.8% and exports falling 5.5% in August.
Still, the Shanghai Composite and the Hang Seng both ended sharply higher.
It was a much brighter picture for Germany, as figures showed the trade balance there hit its highest surplus on record in July. It grew to €22.8bn from a revised €22.1bn in June, according to data from the federal statistics office. This was the highest level since records began in 1991 and better than forecasts.
On the corporate front, shares in Amlin surged after Japan's Mitsui Sumitomo Insurance Company said it has agreed to buy the UK insurer for £3.47bn. Under the terms of the deal, Mitsui will pay 670p a share for Amlin, whose shareholders will receive an 8.4p per share dividend to be paid on 1 October.
RSA Insurance rose after saying it signed contracts to sell its operations in Latin America to Suramericana SA, which is the insurance subsidiary of Grupo de Inversiones Suramericana, for around £403m in cash.
On the downside, Whitbread slumped after the company said sales slowed to 11.1% in the second quarter from 12.5% in the first. |
| | China Meltdown: The UK Stocks to avoid | | In July, Chinese shares had their worst month in 6 years..
Yet right now many UK investors are blissfully unaware. Discover:How the Chinese markets could be ‘rigged’ and the 7 UK stocks to avoid Download Your Free Report Now |
| | US Market Report | | London open: Stocks gain after better-than-expected Chinese exports UK stocks gained on Tuesday after trade data showed Chinese exports fell less than expected in August.
China's exports dropped 5.5% in August from a year earlier in dollar terms after a 8.3% drop in July, according to the General Administration of Customs, better than the 6.6% decline that was expected by analysts. However, Customs said China exports will continue to face "relatively big pressure" in the fourth quarter amid a slowing economy.
Imports last month decreased 13.8% in August in dollar terms compared to a year ago, more than the 7.9% dip that was forecast, after a 8.1% fall in July.
China's trade surplus widened in August to $60.2 billion from $43.03 billion in July, beating projections of $48bn.
Capital Economics said trade was "healthier than headlines suggest", adding the figures would likely have been stronger in August had it not been for temporary disruptions to industrial following the Tianjin warehouse blast and factory closures ahead of last week's WWII Victory Day parade.
"Looking ahead, we think trade growth ought to recover over the coming quarters," said China economist Julian Evans-Pritchard. "The drag from the Tianjin blast and Victory parade disruptions ought to have mostly faded this month. Meanwhile, stronger growth in China's main trading partners ought to shore up exports while a pick-up in investment spending will boost imports."
In the eurozone, Germany's trade surplus narrowed to €22.8bn in July from €24.4bn a month earlier, slightly more than the €23.5bn expected by analysts. Exports rose 2.4% in July, compared to forecasts for a 1% gain and the previous month's 1.1% drop. Imports climbed 2.2% in July, smashing estimates for a 0.7% rise and better than June's 0.8% fall.
Germany will also see the release of gross domestic product data for the second quarter at 1000 BST, with analysts predicting 1.2% growth.
On this side of the pond, British retail spending stagnated in August due to poor weather and the later-than-usual date of a public holiday. The British Retail Consortium said retail spending in August was 0.1% higher than a year earlier, the smallest rise since April and down from 2.2% growth in July.
The US resumes trading after a break for Monday's Labor Day. US reports on small business optimism, labour market conditions and consumer credit will be released in the afternoon session.
Company-wise, Betfair rallied after the company and its rival Paddy Power agreed on a £5bn merger.
Amlin surged after MS&AD Insurance Group Holdings said it was in talks to buy the group.
United Utilities was at the top of the FTSE 100 amid reports that it could attract takeover interest due to its current valuation. Bernstein upgraded the stock to 'outperform', saying it is "an attractive acquisition target for a pension or infrastructure fund".
Berkeley Group climbed after the homebuilder reiterated its earnings guidance as it continued to expand its operations in the current financial year.
Hikma Pharmaceuticals was higher as it agreed to acquire almost the entire share capital of Egypt-based EIMC United Pharmaceuticals (EUP) from a consortium of shareholders for an undisclosed sum.
RSA Insurance rose as it signed contracts to sell its operations in Latin America to Suramericana SA.
Whitbread slumped as the owner of Costa coffee shops reported a slowdown in sales in the second quarter.
Market Movers
techMARK 3,102.66 +0.91%
FTSE 100 6,168.24 +1.54%
FTSE 250 17,018.35 +1.04%
FTSE 100 - Risers
United Utilities Group (UU.) 880.00p +3.29%
Aberdeen Asset Management (ADN) 316.30p +2.66%
HSBC Holdings (HSBA) 506.80p +2.59%
GKN (GKN) 276.30p +2.52%
Standard Chartered (STAN) 718.00p +2.37%
Aviva (AV.) 473.90p +2.33%
Barclays (BARC) 258.90p +2.33%
BP (BP.) 343.70p +2.29%
London Stock Exchange Group (LSE) 2,512.00p +2.28%
Hargreaves Lansdown (HL.) 1,113.00p +2.20%
FTSE 100 - Fallers
Whitbread (WTB) 4,581.00p -2.76%
Sports Direct International (SPD) 779.00p -0.19%
Antofagasta (ANTO) 606.50p -0.08%
FTSE 250 - Risers
Amlin (AML) 655.00p +32.99%
Lancashire Holdings Limited (LRE) 702.00p +7.50%
Ashmore Group (ASHM) 259.50p +6.00%
Beazley (BEZ) 344.30p +5.00%
Serco Group (SRP) 109.20p +4.30%
Hiscox Limited (DI) (HSX) 920.00p +3.25%
esure Group (ESUR) 241.10p +3.08%
Evraz (EVR) 70.15p +2.63%
Henderson Group (HGG) 249.80p +2.55%
Aggreko (AGK) 1,062.00p +2.51%
FTSE 250 - Fallers
Petra Diamonds Ltd.(DI) (PDL) 115.20p -3.27%
Premier Oil (PMO) 88.10p -2.92%
Home Retail Group (HOME) 146.10p -1.81%
Aldermore Group (ALD) 290.20p -1.69%
OneSavings Bank (OSB) 375.00p -1.37%
Shawbrook Group (SHAW) 323.40p -1.28%
Just Retirement Group (JRG) 187.90p -1.11%
Jimmy Choo (CHOO) 156.10p -0.95%
BH Macro Ltd. GBP Shares (BHMG) 2,042.00p -0.87%
Genus (GNS) 1,363.00p -0.87%
FTSE TechMARK - Risers
NCC Group (NCC) 260.75p +4.30%
Oxford Biomedica (OXB) 8.17p +2.25%
Skyepharma (SKP) 352.00p +2.03%
BATM Advanced Communications Ltd. (BVC) 17.75p +1.43%
KCOM Group (KCOM) 94.75p +1.07%
Spirent Communications (SPT) 79.50p +0.95%
Dialight (DIA) 607.00p +0.83%
Consort Medical (CSRT) 965.00p +0.73%
E2V Technologies (E2V) 240.00p +0.42%
FTSE TechMARK - Fallers
Oxford Instruments (OXIG) 657.00p -17.88%
Innovation Group (TIG) 39.75p -0.62%
IShares Euro Gov Bond 7-10YR UCITS ETF (IEGM) € 200.16 -0.11% |
| | Avoid NHS waiting lists with private medical insurance from AXA PPP healthcare from £1.33 a day* The NHS is under pressure to meet people's healthcare demands. ADVFN are working with AXA PPP healthcare to bring you low cost private healthcare cover. |
| | Newspaper Round Up | | Tuesday newspaper round-up: EU referendum, Amlin, Sports Direct David Cameron's government suffered its first defeat in the House of Commons on Monday night after eurosceptic Tories joined forces with opposition MPs to defy the prime minister on the rules surrounding an EU referendum. Thirty-seven Conservatives voted with the SNP and Labour to defeat Mr Cameron's four-month-old government by 27 votes over his proposed changes to the rules covering government activity during the final phase of the EU referendum campaign. - Financial Times
Amlin shares are set to jump on Tuesday morning after Japan's Mitsui Sumitomo Insurance admitted that it is considering buying the Lloyd's of London insurer. A deal could cost Mitsui more than 500bn yen (£2.75bn), the Nikkei newspaper had claimed earlier on Monday. A spokesman for the Japanese firm said the matter will be discussed at a board meeting on Tuesday and details will be released when a decision has been reached. - Telegraph
Justin King, the former chief executive of J Sainsbury, has taken on his first major role after leaving the supermarket giant. The 54-year-old retail veteran, who has also held senior positions at Marks & Spencer and Asda, has agreed to join UK private equity firm Terra Firma Capital Partners as vice-chairman, according to reports. - Telegraph
A City investment firm is to vote against the re-election of Sports Direct's non-executive directors and executive deputy chairman, Mike Ashley, at the retailer's annual shareholder meeting on Wednesday. Ashley Hamilton Claxton, corporate governance manager at Royal London Asset Management (RLAM), which owns about £8.3m of Sports Direct shares, said: "We have lost confidence in the board and are very concerned about the long list of corporate governance failings that have not been addressed." - Guardian
More than 2,000 City financiers took home more than £730,000 (€1m) in 2013, according to the EU banking regulator. One was handed more than £13m. The European Banking Authority said more bankers in the UK received at least €1m than in the rest of the EU combined. - Guardian
Companies are planning to put the brakes on hiring before the introduction of the new living wage, even in the run-up to the traditionally frantic Christmas trading season. Manpower, the recruitment firm, warned that job prospects for the rest of the year were dwindling and had reached their weakest for three years. - The 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 | |
No comments:
Post a Comment