| | | | | 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: FTSE opens on front foot on ECB stimulus hopes The FTSE opened on the front foot on Friday after European Central Bank president Mario Draghi left the door open to further stimulus.
Draghi said the ECB would re-examine its €60bn a month asset purchase programme in December, noting that falling commodity prices and concerns about emerging markets meant inflation pressures remained negative.
During a press conference on Thursday after the ECB announced it was keeping policy unchanged, Draghi also revealed that the central bank had discussed furthering lowering the deposit rate and interest rates. Although Draghi said there was "no specific preference to one instrument or the other, they were all considered".
In another lift to markets, a leading economic index for China surged in September. The latest survey from the Conference Board showed its index rose 1.6% month-on-month in September compared with a 1% gain in August and a 0.9% climb in July. However, the coincident index slid 1.2% after rising 0.7% in August and 1% in July.
On a less positive note, Germany's manufacturing sector expanded at its lowest pace in five months in October. The latest Markit Purchasing Managers' Index showed the factory index declined from 52.3 in September to 51.6, slightly below the 51.7 reading analysts had forecast. A reading above 50, however, signals an expansion in sector activity.
Eurozone manufacturing PMI held at 52 in October compared to a month ago, beating expectations for a reading of 51.7.
Looking ahead, Markit will release its manufacturing PMI at 1445 BST.
In company news, Telecity gained after the European Commission said it has begun a period of market testing for the proposed takeover by Equinix.
Entertainment One climbed after completing the acquisition of a 70% stake in Peppa Pig creator and producer Astley Baker Davies Limited for £140.
Dechra Pharmaceuticals jumped as it posted a strong first quarter update, with a substantial increase in revenue.
Glencore was a high riser as its Nickel Rim South mine in Sudbury resumed operations following a fatality.
William Hill slumped after the bookie warned that full-year operating profit will come in at the bottom end of analysts' forecasts as a result of additional taxes on the gambling industry and a tough comparison with last year.
TalkTalk was also under pressure after saying a criminal investigation was launched by the Metropolitan Police cyber crime unit on Thursday following a "significant and sustained" cyberattack on the company's website. |
| | 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) 6,427.68 0.81%
FTSE 250 (MCX) 17,131.75 0.51%
techMARK (TASX) 3,086.76 0.76%
FTSE 100 - Risers
CRH (CRH) 1,830.00p 2.64%
Glencore (GLEN) 119.90p 2.39%
GKN (GKN) 293.90p 2.23%
Travis Perkins (TPK) 1,884.00p 2.11%
Wolseley (WOS) 3,806.00p 2.04%
Schroders (SDR) 2,905.00p 1.86%
Burberry Group (BRBY) 1,323.00p 1.85%
Ashtead Group (AHT) 1,005.00p 1.82%
Rolls-Royce Holdings (RR.) 681.50p 1.72%
Aberdeen Asset Management (ADN) 343.20p 1.66%
FTSE 100 - Fallers
Pearson (PSON) 913.50p -3.84%
TUI AG Reg Shs (DI) (TUI) 1,183.00p -2.63%
Standard Chartered (STAN) 737.40p -0.22%
Direct Line Insurance Group (DLG) 389.20p -0.13%
Next (NXT) 7,920.00p 0.00%
Shire Plc (SHP) 4,448.00p 0.07%
Imperial Tobacco Group (IMT) 3,520.00p 0.20%
Sainsbury (J) (SBRY) 266.40p 0.23%
Sports Direct International (SPD) 663.50p 0.23%
G4S (GFS) 246.00p 0.24%
FTSE 250 - Risers
Cable & Wireless Communications (CWC) 75.70p 8.14%
Carillion (CLLN) 313.80p 4.53%
Man Group (EMG) 165.30p 3.64%
AA (AA.) 272.00p 3.62%
Premier Oil (PMO) 80.25p 3.55%
Vedanta Resources (VED) 514.50p 3.38%
Dechra Pharmaceuticals (DPH) 977.00p 2.79%
Kaz Minerals (KAZ) 126.70p 2.76%
Henderson Group (HGG) 276.20p 2.37%
Ocado Group (OCDO) 354.40p 2.25%
FTSE 250 - Fallers
TalkTalk Telecom Group (TALK) 246.80p -8.08%
William Hill (WMH) 327.30p -5.24%
Micro Focus International (MCRO) 1,174.00p -4.63%
SIG (SHI) 137.40p -2.90%
Circassia Pharmaceuticals (CIR) 275.60p -1.96%
Rank Group (RNK) 273.70p -1.83%
Acacia Mining (ACA) 202.30p -1.80%
Grafton Group Units (GFTU) 651.00p -1.59%
Spire Healthcare Group (SPI) 377.50p -1.44% |
| | UK Event Calendar | | Friday 23 October
INTERIM DIVIDEND PAYMENT DATE
AA , Burford Capital , Costain Group, Epwin Group, Fairpoint Group, Flowtech Fluidpower, Gamma Communications, Good Energy Group, Green Reit, Henry Boot, Indivior, Inmarsat, Interserve, Iona Environmental VCT, Iona Environmental Vct 'B' Shares, Keywords Studios, Lighthouse Group, Morgan Sindall Group, Pendragon, Proven Planned Exit VCT, Real Estate Investors, Servelec Group , Stadium Group, Vitec Group
INTERIM EX-DIVIDEND DATE
Zhejiang Expressway Co 'H' Shares
Q3
Shire Plc, William Hill
ANNUAL REPORT
James Halstead
IMSS
TSB Banking Group , William Hill
EGMS
Treveria |
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| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks push up as investors continue to cheer prospect of further QE European stocks rose in early trade, tracking gains in the US and Asia as investors continue to take heart from European Central Bank president Mario Draghi's dovish comments on Thursday.
At 0850 BST, the benchmark Stoxx Europe 600 index was up 1.1%, France's CAC 40 was up 1.2% and Germany's DAX was 1.3% higher.
Although Draghi stood pat on policy, he hinted that additional stimulus measures could be announced at the December meeting.
In the press conference after the rate announcement, the ECB chief said the governing council had discussed expanding its bond-buying programme and cutting the rate on reserves held at the central bank.
"Yesterday's comments by ECB chief Draghi have certainly been a bit of a game changer. Not only were they much more dovish than expected, he also made it very clear that the ECB is ready to act in a decisive manner to boost growth and fight deflation if needed, possibly as early as December," said Markus Huber, senior analyst at Peregrine & Black.
"This in return is not only boosting confidence in the Eurozone economy but also indirectly lowers the risk for investors in the months ahead."
Earnings came thick and fast on Friday.
Electrolux rose after the home appliances maker posted a 9% increase year-on-year in third-quarter net sales.
Sweden's Volvo was also in the black after it said third-quarter operating profit rose to 5.1bn Swedish crowns from 2.9bn in the same period last year.
Gucci owner Kering advanced as it posted a 12% rise in third-quarter revenue to €2.89bn, while miner Boliden rallied after reporting an increase in third-quarter net profit.
On the downside, Ericsson slid after the Swedish telecom equipment maker's third-quarter revenue missed analysts' expectations, while shipping company Moller Maersk tumbled after cutting its full-year profit outlook.
In London, William Hill slumped after the bookie warned that full-year operating profit will come in at the bottom end of analysts' forecasts as a result of additional taxes on the gambling industry and a tough comparison with last year.
TalkTalk was also under the cosh after saying a criminal investigation was launched by the Metropolitan Police cyber crime unit on Thursday following a "significant and sustained" cyberattack on the company's website. |
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| | US Market Report | | US close: Stocks jump, technology issues lead the pack US stocks jumped on Thursday, breaking a three-day losing streak as investors analysed a number of corporate earnings and were buoyed by hints of possible new stimulus measures across the Atlantic.
The Dow Jones Industrial Average finished the session 1.87% higher at 17,489, while the S&P 500 advanced 1.69% to reach 2,035.
Earnings in focus
Dunkin Brands, which reported ahead of the bell, slid 0.7% despite posting a rise in third quarter revenue and adjusted earnings per share from a year ago.
Construction and mining equipment manufacturer Caterpillar climbed 1.74% even though its earnings missed forecasts and the company revealed it expects to book $800m in restructuring costs.
Natural resource company Freeport-McMoran rose 0.59% despite swinging to a quarterly loss, while McDonald's surged 8% after its third quarter earnings beat estimates.
In other company news, eBay jumped 13.92% after reporting better-than-expected earnings late on Wednesday, while Texas Instruments rose 11.93% after its quarterly profit and revenue figures beat expectations.
Unemployment claims rise less than expected
According to the Department of Labor, new claims rose by 3,000 to 259,000 in the week to 17 October, compared with analysts' expectations for a 265,000 reading.
Meanwhile, the average of new claims over the last four weeks fell by 2,000 to a seasonally adjusted 263,250, marking its lowest level since December 1973, the report added.
"We take positive signal from declining labor market separations, which suggest US labor market strength remains intact," analysts at Barclays said.
Existing home sales increased by 4.7% month-on-month in September to hit an annualised pace of 5.55m versus the 5.39m forecast by economists and a revised 5.30m clip for August.
Acting as a backdrop, European stocks surged after European Central Bank president Mario Draghi revealed more stimulus was on the way.
"We have tasked relevant committees to work on different monetary policies to monitor pros and cons of different instruments," he told journalists at a press conference following the ECB's announcement that it would keep policy unchanged.
"There was a very rich discussion about all monetary instruments that might be used... and the conclusion was: we are ready to act if needed."
Oil prices staged a solid rebound, with West Texas Intermediate climbing 0.35% to $45.54 a barrel.
S&P 500 - Risers
eBay Inc. (EBAY) $27.58 +13.92%
Citrix Systems Inc. (CTXS) $80.58 +12.04%
Texas Instruments Inc (TXN) $58.09 +11.93%
McDonald's Corp. (MCD) $110.87 +8.12%
Stanley Black & Decker Inc. (SWK) $105.47 +7.46%
Southwest Airlines Co. (LUV) $44.08 +7.41%
Nasdaq Inc (NDAQ) $59.10 +6.95%
Bemis Co. Inc. (BMS) $45.01 +6.89%
Alliance Data Systems Corp. (ADS) $294.49 +6.73%
T. Rowe Price Group Inc. (TROW) $74.25 +6.62%
S&P 500 - Fallers
Tenet Healthcare Corp. (THC) $28.24 -18.87%
AbbVie Inc (ABBV) $48.27 -10.33%
EQT Corp. (EQT) $68.32 -8.02%
Humana Inc. (HUM) $165.11 -6.80%
PulteGroup Inc. (PHM) $18.16 -6.63%
Southwestern Energy Co. (SWN) $11.67 -5.89%
Laboratory Corporation of America Holdings (LH) $109.51 -5.63%
Under Armour Inc. Class A (UA) $93.81 -5.39%
American Express Co. (AXP) $72.50 -5.24%
CIGNA Corp. (CI) $129.49 -5.21%
Dow Jones I.A - Risers
McDonald's Corp. (MCD) $110.87 +8.12%
3M Co. (MMM) $156.00 +4.12%
Boeing Co. (BA) $146.31 +3.63%
Exxon Mobil Corp. (XOM) $82.89 +3.34%
E.I. du Pont de Nemours and Co. (DD) $59.19 +3.33%
Intel Corp. (INTC) $34.40 +3.09%
Walt Disney Co. (DIS) $113.25 +2.87%
Merck & Co. Inc. (MRK) $52.01 +2.81%
Cisco Systems Inc. (CSCO) $29.01 +2.58%
Chevron Corp. (CVX) $91.62 +2.56%
Dow Jones I.A - Fallers
American Express Co. (AXP) $72.50 -5.24%
Unitedhealth Group Inc. (UNH) $113.81 -3.64%
Pfizer Inc. (PFE) $33.33 -0.39% |
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| | Newspaper Round Up | | Friday newspaper round-up: TalkTalk, HSBC, Regulation The personal and financial details of more than four million TalkTalk customers may have been stolen in a cyberattack that brought down the telecom company's website. A police investigation has begun after the "significant and sustained" attack on the website on Wednesday by unidentified hackers. - The Times
The US is emerging as a serious alternative to Hong Kong as the possible headquarters for HSBC, as Europe's biggest bank by assets considers shifting its base out of the UK. HSBC fired a warning shot to British politicians in April by announcing a review of whether to leave the UK two weeks before the general election. Shareholders welcomed the review, which was driven by concern about excessive tax and regulation. - Financial Times
The City watchdog has warned that a push for more regulation is "unsustainable" and some introduced since the financial crisis should be dumped. Tracey McDermott, the interim chief executive of the Financial Conduct Authority, told senior financiers at Mansion House last night that there was "violent agreement" that the pace of change had gone too far. - The Times
British investors could soon begin legal action against banks accused of rigging foreign exchange markets, after Barclays, Royal Bank of Scotland and HSBC paid a combined total of almost $1bn (£650m) to settle claims in the US. The trio agreed to pay hundreds of millions of dollars each to end civil claims in New York brought by global companies, pension funds and hedge funds. - The Daily Telegraph |
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