| | | | | The Top 10 Stocks for Q4 | | Your guide to the best investments for the new quarter
Our latest Top 10 Stocks report takes a look at a fresh selection of blue chips that have the potential to offer exciting trading opportunities for the new quarter and into year-end.
Get your copy of this report and discover our top picks for the quarter.
Losses can exceed deposits | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Investors focus on positives from Chinese data Stocks moved higher at the start of trading as investors chose to focus on the positives from the raft of Chinese macroeconomic data published before the start of trading.
As of 09:12 the Footsie was standing higher by 12.85 points to reach 6,390.85, while the Shanghai Stock Exchange's Composite Index was down slightly, by 0.14% to reach 3,386.70.
Figures from China's statistics office revealed the country's gross domestic product expanded at a 6.9% year-on-year clip over the three months ending in September, down a touch from the 7% pace seen in the first two quarters of 2015.
Economists had pencilled in growth of 6.8%.
Nonetheless, the breakdown of the data suggested that stronger growth on the services side of the economy mostly offset weaker factory output, analysts at Capital Economics said in reaction to the data.
Data on industrial production and retail sales for September, also published on Monday, seemed to validate that assessment.
"With stronger fiscal spending in the pipeline and credit growth accelerating, we continue to see some potential upside to growth over the coming quarters," said Julian Evans-Pritchard, Chief China economist at the think-tank.
"The Chinese data should really be seen as win win from an investor standpoint. The GDP reading was better than the market was expecting which ensures that the 2015 7% target is still achievable, while industrial production and fixed asset investment figures were so weak that further monetary and fiscal stimulus this year looks increasingly likely," chimed in Craig Erlam, Senior Market Analyst at Oanda.
Investors were now expected to turn their attention towards speeches later in the day from two Fed speakers, Governor Lael Brainard, and the president of the Federal Reserve bank of Richmond, Jeffrey Lacker.
Shire reassures Lifitegrast will launch in 2016
ITV will purchase UTV Media's television assets for £100m.The FTSE 100 listed broadcaster announced the deal on Monday, which is subject to regulatory and shareholder approval. It said once the deal is approved, ITV will hold 13 of the 15 regional licences for the Channel 3 network.
Ahead of third-quarter results due on Friday, Shire has attempted to reassure the market that its lifitegrast dry-eye treatment remains on track for planned launch next year. After US regulators on Friday said they did not have enough data to grant the drug prescription status yet, chief executive Flemming Ornskov, said a major study has now been completed and top-line data are expected before the end of the year. "If the study is positive, we plan to refile our liftegrast submission in the first quarter of 2016".
Carillion has signed a contract with the Homes and Communities Agency to regenerate Tower Works in Holbeck Urban Village on Leeds' South Bank. The construction and support services company said the contract adds to the £1.7bn of new business it has won since the half year, as announced on 12 October. The combined value of the proposed development is around £80m and a site-wide masterplan will be submitted for planning approval shortly subject to which construction work is expected to begin in Spring next year. |
| | The Top 10 Stocks for Q4 | | Your guide to the best investments for the new quarter
Towards the end of September, we've seen markets rally as buyers return to pick up some nicely discounted shares while inflation concerns look to be pushing a US interest rate rise further into the future. Our latest Top 10 Stocks report takes a look at a fresh selection of blue chips that have the potential to offer exciting trading opportunities for the new quarter and into year-end.
Download your copy of this report and discover our top picks for the quarter.
Losses can exceed deposits |
| | Market Movers
FTSE 100 (UKX) 6,390.89 0.20%
FTSE 250 (MCX) 16,920.30 0.16%
techMARK (TASX) 3,038.63 0.26%
FTSE 100 - Risers
Compass Group (CPG) 1,068.00p 1.33%
Barclays (BARC) 253.95p 1.26%
Legal & General Group (LGEN) 251.70p 1.21%
Aviva (AV.) 471.30p 0.99%
Old Mutual (OML) 211.40p 0.96%
Carnival (CCL) 3,427.00p 0.94%
St James's Place (STJ) 886.00p 0.91%
Kingfisher (KGF) 364.00p 0.80%
Reckitt Benckiser Group (RB.) 6,160.00p 0.79%
Berkeley Group Holdings (The) (BKG) 3,218.00p 0.78%
FTSE 100 - Fallers
Anglo American (AAL) 650.50p -3.67%
Fresnillo (FRES) 742.50p -2.24%
Glencore (GLEN) 113.50p -2.16%
Randgold Resources Ltd. (RRS) 4,474.00p -2.14%
Antofagasta (ANTO) 569.00p -1.81%
Shire Plc (SHP) 4,449.00p -1.37%
Rio Tinto (RIO) 2,460.50p -1.28%
BHP Billiton (BLT) 1,115.00p -1.28%
Ashtead Group (AHT) 943.50p -0.63%
Johnson Matthey (JMAT) 2,472.00p -0.60%
FTSE 250 - Risers
NMC Health (NMC) 772.00p 5.61%
Shawbrook Group (SHAW) 336.00p 2.66%
Ted Baker (TED) 2,843.00p 2.27%
esure Group (ESUR) 247.30p 2.19%
Ocado Group (OCDO) 340.90p 2.07%
Regus (RGU) 326.00p 1.84%
Bank of Georgia Holdings (BGEO) 2,034.00p 1.60%
Pace (PIC) 375.20p 1.60%
Telecom Plus (TEP) 1,116.00p 1.45%
William Hill (WMH) 348.30p 1.40%
FTSE 250 - Fallers
Evraz (EVR) 88.45p -4.89%
Kaz Minerals (KAZ) 132.00p -3.44%
Tullow Oil (TLW) 236.30p -2.96%
Enterprise Inns (ETI) 104.60p -2.70%
Acacia Mining (ACA) 213.40p -2.65%
Ophir Energy (OPHR) 96.00p -2.04%
Allied Minds (ALM) 435.00p -1.92%
Nostrum Oil & Gas (NOG) 512.00p -1.92%
Vedanta Resources (VED) 566.00p -1.82% |
| | UK Event Calendar | | Monday 19 October
INTERIM DIVIDEND PAYMENT DATE
Somero Enterprises Inc. (DI), Standard Chartered, Witan Pacific Inv Trust
GMS
Microsaic Systems
FINALS
Lok'n Store Group
AGMS
City of London Investment Group, CPL Resources
FINAL DIVIDEND PAYMENT DATE
Renishaw, Stewart & Wight
|
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| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks edge higher as investors digest China data; Deutsche Bank rallies European stocks edged higher in early trade, supported by some well-received corporate news, as investors digested a slew of Chinese data releases.
At 0910 BST, the benchmark Stoxx Europe 600 index and France's CAC 40 were up 0.5%, while Germany's DAX was 0.8% higher.
China's National Bureau of Statistics said gross domestic product rose 6.9% in the third quarter compared with 7% in the first two quarters. This was better than the 6.8% forecast by economists but still the worst rate of growth since the first quarter of 2009.
Meanwhile, Chinese industrial production rose 5.7% in September, missing economists' expectations of a 6% gain, while retail sales were up 10.9%, a touch ahead of the 10.8% increase expected.
"Overall, we see some nascent signs of growth stabilisation in the non-financial sector driven by fiscal stimulus but no evidence of a durable rebound in the coming months," said Nomura.
"We continue to expect moderate fiscal stimulus from the central government and continued monetary easing, with one more bank reserve requirement ratio cut in the fourth quarter and another four in 2016 (each by 50 basis points), together with two more benchmark interest rate cuts (each by 25bp) in 2016."
On the corporate front, Deutsche Bank rallied after it announced a reshuffle of its senior management and the splitting of its investment bank into two separate units as part of a strategic overhaul.
Shares in German retailer Metro advanced after it expressed optimism over the Christmas trading period.
French dairy company Danone gained after its third-quarter sales beat expectations, with revenue up 4.6% on a like-for-like basis.
On the downside, pharmaceuticals company Shire fell despite its best efforts to reassure the market that its lifitegrast dry-eye treatment remains on track for planned launch next year, after revealing over the weekend that US regulators wanted to see more data.
Broadcaster ITV nudged a touch lower after agreeing to acquire Northern Irish broadcaster UTV Media's television assets for £100m. |
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| | US Market Report | | US close: Stocks extend two-month highs as rate rise horizon fades Wall Street closed the week in upbeat mood as mixed micro- and macroeconomic data left traders confident the Federal Reserve will hold fire on rates for longer.
At the closing bell, New York's main indices recovered from a mid-afternoon slump to continue the positive momentum from Thursday, following London and the main European indices.
The Dow Jones Industrial Average was up 0.43% at 17,215.97, extending its best close since 19 August, the S&P 500 was 0.46% higher, also extending similar highs, and the Nasdaq was 0.34% higher.
Roughly 50 companies of the way through the S&P 500 third-quarter earnings season, and 75% of corporates have reported better-than-expected earnings per share, IG's senior market analyst Alastair McCaig pointed out, though sales figures over that same period however have been considerably less impressive.
"All of this points towards a US corporate picture telling us the same thing as economic releases, that the FOMC should be feeling no increased pressure to raise rates just yet."
Macroeconomic data released during the session further backed up this point.
US industrial output declines
Job opening numbers missed forecast in August, according to the Labor Department, with the number of job openings down from 5.67m to 5.37m in July compared with analysts' expectations for a 5.58m reading.
On the other side of the coin, the University of Michigan's consumer sentiment index beat expectations in October, with the index falling to a preliminary reading of 92.1 in October from 87.2 in September, compared with analysts' expectations for a 89.0 reading.
"The expectations index is at a level that, historically, has been consistent with real consumption growth of around 4%, which is pretty robust," said Capital Economics' chief US economist Paul Ashworth.
Ashworth was also reassured by data released ahead of the bell that showed industrial production in the US declined slightly less than expected in September.
According to figures released by the Federal Reserve, industrial output fell 0.2% last month from an upwardly revised 0.1% decline in the previous month and compared with analysts' expectations for a 0.3% decline.
Meanwhile, capacity utilisation fell to 77.5% from an upwardly revised 77.8% in August, marginally above the 77.4% expected.
"The decline in industrial production in September was a much smaller fall than we were expecting, but it nonetheless illustrates the impact that the stronger dollar is having on manufacturing and the impact that the slump in energy prices is having on mining output," said Ashworth.
In company news, General Electric rose 3.10% after posting better-than-expected profit and revenue before the opening bell.
Mattel shares bounced strongly after an early drop after the toy company missed top- and bottom-line third quarter earnings expectations. Falling Barbie and other toy sales are hurting the toymaker as kids turn to iPad games and competition from Disney's own character dolls instead, but investors seemed turned around by management's turnaround rhetoric and that fact that if the major impact of weakening foreign currencies was ignored, the results were close to expectations.
Advanced Micro Devices declined 0.85% after the chip maker posted worse-than-expected earnings late on Thursday.
The dollar was broadly flat against the yen and the pound and bounced back against the euro, while gold futures slid 0.01% to $1,182.95.
Oil prices staged a solid rebound, with West Texas Intermediate rising 2.23% to $47.44 a barrel, while Brent climbed 1.37% to $50.42 a barrel.
"The ongoing weak sentiment towards the Dollar has refused to have a positive impact on WTI which has suffered four successive days of declines this week," said FXTM research analyst Lukman Otunuga.
"The latest inventory report showed another huge stockpile and will further the continual concerns regarding oversupply."
S&P 500 - Risers
Mattel Inc. (MAT) $23.89 +6.04%
Garmin Ltd. (GRMN) $34.09 +5.61%
Yum! Brands Inc. (YUM) $72.18 +4.20%
General Electric Co. (GE) $28.98 +3.39%
Hasbro Inc (HAS) $77.78 +3.25%
Tyson Foods Inc. (TSN) $45.30 +3.12%
Sherwin-Williams Co. (SHW) $243.17 +3.00%
Pioneer Natural Resources Co. (PXD) $140.57 +2.92%
Edwards Lifesciences Corp. (EW) $151.21 +2.76%
Windstream Holdings Inc (WIN) $6.85 +2.70%
S&P 500 - Fallers
Quanta Services Inc. (PWR) $18.74 -28.50%
Kansas City Southern (KSU) $87.37 -10.85%
Avon Products Inc. (AVP) $3.72 -8.37%
Genworth Financial Inc. (GNW) $5.06 -7.83%
W.W. Grainger Inc. (GWW) $207.65 -6.31%
Nabors Industries Ltd. (NBR) $10.63 -6.01%
Fluor Corp. (FLR) $44.66 -5.84%
Joy Global Inc. (JOY) $16.28 -5.24%
CONSOL Energy Inc. (CNX) $11.00 -4.93%
Seagate Technology Plc (STX) $39.56 -4.54%
Dow Jones I.A - Risers
General Electric Co. (GE) $28.98 +3.39%
Merck & Co. Inc. (MRK) $51.48 +1.50%
Nike Inc. (NKE) $130.47 +1.30%
Exxon Mobil Corp. (XOM) $82.48 +1.23%
Johnson & Johnson (JNJ) $98.24 +1.12%
McDonald's Corp. (MCD) $104.82 +1.12%
Microsoft Corp. (MSFT) $47.51 +1.06%
E.I. du Pont de Nemours and Co. (DD) $57.27 +1.01%
Pfizer Inc. (PFE) $34.41 +0.97%
Travelers Company Inc. (TRV) $105.90 +0.90%
Dow Jones I.A - Fallers
Caterpillar Inc. (CAT) $69.68 -1.62%
Wal-Mart Stores Inc. (WMT) $58.89 -0.74%
Apple Inc. (AAPL) $111.04 -0.73%
3M Co. (MMM) $148.70 -0.33%
United Technologies Corp. (UTX) $93.00 -0.19%
Unitedhealth Group Inc. (UNH) $119.98 -0.16%
Nasdaq 100 - Risers
Mattel Inc. (MAT) $23.89 +6.04%
Garmin Ltd. (GRMN) $34.09 +5.61%
Vimpelcom Ltd Ads (VIP) $4.30 +4.88%
Tesla Motors Inc (TSLA) $227.01 +2.58%
Adobe Systems Inc. (ADBE) $88.67 +2.19%
Maxim Integrated Products Inc. (MXIM) $39.74 +2.11%
Ross Stores Inc. (ROST) $50.30 +1.95%
Mondelez International Inc. (MDLZ) $45.85 +1.93%
Mylan Inc. (MYL) $43.55 +1.92%
Express Scripts Holding Co (ESRX) $86.22 +1.88%
Nasdaq 100 - Fallers
Seagate Technology Plc (STX) $39.56 -4.54%
Keurig Green Mountain Inc (GMCR) $50.80 -3.73%
Netflix Inc. (NFLX) $98.99 -2.08%
Western Digital Corp. (WDC) $79.51 -1.98%
Analog Devices Inc. (ADI) $60.19 -1.78%
PACCAR Inc. (PCAR) $52.53 -1.78%
Fastenal Co. (FAST) $37.49 -1.63%
Expeditors International Of Washington Inc. (EXPD) $49.98 -1.47%
Discovery Communications Inc. Class A (DISCA) $28.49 -1.28% |
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| | Newspaper Round Up | | Monday newspaper round-up: Barclays, China, Dividends The trial of six former Barclays bankers accused of rigging international borrowing rates is on a knife edge as barristers for half of the defendants have yet to agree fees for the case weeks before it begins. Barristers acting for Jonathan Mathew, Stylianos Contogoulas and Alex Pabon are in last-minute negotiations with the Legal Aid Agency over what they will be paid for the trial, which opens in January and is expected to last more than three months. - The Times
China's economy grew faster than expected in the third quarter, as resilient growth in the emerging services sector helped compensate for weakness in manufacturing and property. China's statistics bureau said on Monday that gross domestic product rose 6.9% in the third quarter in inflation-adjusted terms, down from 7% in the first two quarters and 7.3% for full-year 2014. It was the slowest quarterly growth rate since the first quarter of 2009 but higher than expectations of 6.7% in a Bloomberg poll. - Financial Times
The stock market is set for another record year of dividend payments, but clouds are gathering over 2016 as some large corporates cut their payments, raising questions over the present value of the market. The concern has emerged from a review of the third quarter of this year by Capita Asset Services. The third quarter boasted a headline figure of £27.2bn in dividends paid, up year-on-year by 6.8% and the highest third-quarter payout on record. - The Times
House prices hit new highs this month as first-time buyers scramble to get their foot on the housing ladder, according to property website Rightmove. Average asking prices rose to £296,549 in October, 5.6% higher than they were a year ago. Especially strong demand from first-time buyers has seen the price of properties bought by those getting on the housing ladder jump by close to 10% in the period. Miles Shipside, a Rightmove housing analyst, said that the growth in average house prices was "mainly being fuelled by the heady price rises of typical first-time-buyer homes". - The Daily Telegraph |
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