Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Wednesday, 07 October 2015 10:11:48 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Trendsignal Your complimentary trading guide Make a consistent income with this simple, once a day trading strategy which made 7478 pips in 2014. For your free guide click here. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Mining shares lift equities higher London stocks advanced on Wednesday, lifted higher by mining shares as metal prices rose. Anglo American, Rio Tinto and BHP Billiton topped the FTSE 100 in morning trade as the price of gold and copper jumped on the Comex. SABMiller was also on the front foot, reversing the previous day's decline after a weak trading update and reports that it rejected an informal offer from Anheuser-Busch InBev. Shares in SABMiller were raised by fresh reports that AB InBen has raised its bid to £42.15 per share. Going the other way, Tesco edged lower after reporting a 55% drop in first half operating profit as discount retailers continue to take their toll, and warned the grocery market remained challenging. International Consolidated Airlines and EasyJet snapped Tuesday's rally after the latter's passenger numbers provided a positive outlook for the airline industry. In economic data, Germany's industrial production rose 2.3% year-on-year in August, missing analysts' expectations for a 3.3% gain. Compared to a month ago output in August fell 1.2%, trailing estimates for a 0.2% rise. The UK will also see the release of industrial and manufacturing production figures at 0930 BST, amid concerns about the industry. "The UK has its own manufacturing and industrial production figures to come later in the morning, both expected to improve on the negative numbers seen last month; however, as has been shown in Germany this morning, European data has been overwhelmingly disappointing of late, so there is a significant chance the UK won't meet analysts' estimates," said Connor Campbell, financial analyst at Spreadex. Meanwhile, the NIESR will release its latest gross domestic product estimate for the UK at 1500 BST. The International Monetary Fund on Tuesday downgraded its global economic outlook, saying a slowdown in emerging markets is leading the rest of the world into its weakest expansion since the financial crisis. The IMF cut its forecast for global growth to 3.1% this year from its previous estimate of 3.3%. How Can You Profit From The Low Price Of Oil? With oil prices at almost six year low, how low can it go!   Get your report now Market Movers techMARK 3,048.00 -0.53% FTSE 100 6,336.70 +0.17% FTSE 250 17,146.58 +0.08% FTSE 100 - Risers Anglo American (AAL) 639.60p +5.86% Rio Tinto (RIO) 2,413.00p +4.28% BHP Billiton (BLT) 1,097.50p +3.59% SABMiller (SAB) 3,735.50p +3.13% Aberdeen Asset Management (ADN) 335.40p +2.51% Antofagasta (ANTO) 550.00p +2.42% Standard Chartered (STAN) 727.90p +1.93% Aviva (AV.) 481.80p +1.75% Old Mutual (OML) 205.50p +1.58% BP (BP.) 383.30p +1.38% FTSE 100 - Fallers International Consolidated Airlines Group SA (CDI) (IAG) 567.00p -3.32% easyJet (EZJ) 1,712.00p -2.73% Marks & Spencer Group (MKS) 507.00p -2.41% Carnival (CCL) 3,368.00p -2.18% Tesco (TSCO) 188.30p -2.00% TUI AG Reg Shs (DI) (TUI) 1,243.00p -1.97% Hikma Pharmaceuticals (HIK) 2,216.00p -1.95% AstraZeneca (AZN) 4,119.50p -1.94% Sports Direct International (SPD) 764.00p -1.48% Wolseley (WOS) 3,748.00p -1.47% FTSE 250 - Risers Premier Oil (PMO) 88.95p +6.78% Vedanta Resources (VED) 469.80p +5.22% Tullow Oil (TLW) 233.50p +4.66% Ophir Energy (OPHR) 103.20p +4.14% Kaz Minerals (KAZ) 112.80p +3.58% Wood Group (John) (WG.) 706.50p +3.44% Hunting (HTG) 456.00p +3.24% Amec Foster Wheeler (AMFW) 825.00p +3.06% Circassia Pharmaceuticals (CIR) 298.40p +2.86% Petrofac Ltd. (PFC) 857.50p +2.45% FTSE 250 - Fallers Wizz Air Holdings (WIZZ) 1,938.00p -2.76% BTG (BTG) 584.50p -2.75% Jimmy Choo (CHOO) 139.60p -1.97% Michael Page International (MPI) 478.60p -1.81% Betfair Group (BET) 3,214.00p -1.59% Foxtons Group (FOXT) 236.20p -1.58% Savills (SVS) 914.50p -1.56% NMC Health (NMC) 849.00p -1.28% Jardine Lloyd Thompson Group (JLT) 1,009.00p -1.27% Pace (PIC) 367.90p -1.26% FTSE TechMARK - Risers Spirent Communications (SPT) 77.00p +2.33% Consort Medical (CSRT) 940.00p +1.35% Oxford Instruments (OXIG) 617.50p +0.41% Dialight (DIA) 666.50p +0.38% SDL (SDL) 368.00p +0.20% XP Power Ltd. (DI) (XPP) 1,671.00p +0.06% FTSE TechMARK - Fallers KCOM Group (KCOM) 89.25p -2.99% UK Event Calendar Wednesday 30 September INTERIMS Camper & Nicholsons Marina Investments Ltd., Gama Aviation , InternetQ, Lekoil Ltd (DI), Northbridge Industrial Services, Saga , ServicePower Technologies INTERIM DIVIDEND PAYMENT DATE 888 Holdings, Aviva 8 3/8% Cumulative Irrd Preference 1, British American Tobacco, Martinco , Northern Electricity Prf, Rights & Issues Inv Trust Income Shares, Sanne Group, The Renewables Infrastructure Group Limited QUARTERLY PAYMENT DATE Custodian Reit , Ediston Property Investment Company, HICL Infrastructure Company Ltd, Imperial Tobacco Group, MedicX Fund Ltd., Premier Energy & Water Trust, Raven Russia Ltd. Cum Red Pref Shares, Real Estate Credit Investments PCC Ltd Pref Shs INTERNATIONAL ECONOMIC ANNOUNCEMENTS Chicago PMI (US) (14:45) Crude Oil Inventories (US) (15:30) International Reserves (EU) (11:00) MBA Mortgage Applications (US) (12:00) Unemployment Rate (EU) (10:00) Unemployment Rate (GER) (08:55) GMS Empyrean Energy, Tesco FINALS Capital Lease Aviation SPECIAL DIVIDEND PAYMENT DATE Hargreaves Lansdown, Premier Energy & Water Trust AGMS AdEPT Telecom, Angle, Cambium Global Timberland Ltd., Fastnet Equity , Fulcrum Utility Services Ltd. (DI), Galileo Resources, Ilika, Provexis, Puma High Income VCT , Tricor, Vast Resources, Vast Resources TRADING ANNOUNCEMENTS Sainsbury (J) UK ECONOMIC ANNOUNCEMENTS Balance of Payments (09:30) Consumer Confidence (09:30) Current Account (09:30) GDP (quarterly national accounts) (09:30) GFK Consumer Confidence (00:05) Index of Services (09:30) FINAL DIVIDEND PAYMENT DATE Clipper Logistics , Cohort, Downing Four VCT DSO 'D' Shs, First Property Group, Hargreaves Lansdown, International Greetings, PHSC, Stagecoach Group Get Paid For Your Trading Expertise Run a community of subscribers to your portfolio and monetise your knowledge. Sign Up for your Free Account Now  Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Shares led higher by mining and oil sector; German data shrugged off European equity markets edged higher in early trade, underpinned by strength in the basic resources and oil and gas sectors, as investors shrugged off another disappointing German data release. At 0900 BST, the benchmark Stoxx Europe 600 index and France's CAC 40 were up 0.7% while Germany's DAX was 0.8% higher. The Stoxx 600 basic resources index was up 4% as metals prices advanced, while the corresponding index for oil & gas index rose 2.3% as oil prices pushed up. West Texas Intermediate was 1.6% higher at $49.32 a barrel while Brent crude was up 1% at $52.44 a barrel. Mike van Dulken, head of research at Accendo Markets, attributed the rise in oil prices to a weaker US dollar and comments on Tuesday from both the OPEC secretary general and the chief executive of Royal Dutch Shell about operational and investment reductions leading to price rises and spikes. In addition, he pointed to US API data showing stockpile drawdowns implying less US production and recent rig count data suggesting the US is continuing to pull back on oil production/output in reaction to lower prices. Miners also got a lift from a bullish note by Morgan Stanley, which upgraded its stance on Anglo American, BHP Billiton and Rio Tinto. SABMiller rallied after Anheuser-Busch InBev said it has submitted a third takeover offer to the company at £42.15 per share. AB InBev said the revised proposal is designed to be a compelling cash offer for SABMiller's public shareholders and Altria Group and BevCo, who together hold approximately a 41% stake. Volkswagen shares pushed higher after chief executive Matthias Mueller said in an interview with a German newspaper that the company would launch a recall for cars affected by its diesel emissions crisis in January and complete the fix by the end of next year. On the downside, supermarket retailer Tesco slipped into the red after it posted a 55% drop in first-half operating profit as discount retailers continue to take their toll, and warned that the grocery market remained challenging. Brewer Diageo nudged lower after saying it has sold its interests in Desnoes & Geddes and Guinness Anchor Berhad to Heineken NV and bought additional shares in Guinness Ghana Breweries. Shares in retailer Marks & Spencer fell after JPMorgan Cazenove downgraded the stock to 'neutral' from 'overweight'. Figures released earlier by the Economy Ministry showed German industrial production unexpectedly fell in August, at its fastest pace in a year. Output dropped 1.2% from a revised 1.2% jump in July and against expectations for a small increase. 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! US Market Report US close: Stocks end mostly in the red as trade data, IMF weigh Stocks on Wall Street ended mostly in the red on Tuesday as the widening of the US trade deficit and a more downbeat assessment of global growth from the International Monetary Fund undermined sentiment ahead of the third-quarter earnings season. The S&P 500 ended 0.4% lower and the Nasdaq closed down 0.7%, but the Dow Jones Industrial Average eked out a 0.1% gain, boosted by DuPont. The IMF cut its global GDP growth forecast to 3.1% for 2015, down from the 3.3% it projected in its July World Economic Outlook, as it highlighted a slowdown in China and weak commodity prices. Meanwhile, figures published by the Commerce Department showed the US trade deficit jumped 16% month-on-month to $48.3bn in August, higher than the $47.1bn analysts had expected. "Net trade will remain a drag on the real economy until well into next year. for the third quarter specifically, we estimate that real exports contracted very slightly, while real imports expanded by close to 4% annualised," said Steve Murphy, US economist at Capital Economics. US equities had rallied on Monday, with the S&P 500 rising for a fifth consecutive session, as a series of economic reports appeared to take a hike in interest rates off the table for this year. Earnings season on the way In company news, the third-quarter earnings season gets unofficially underway when Alcoa reports after the closing bell on Thursday. Pepsi gained after the soft drinks giant posted better-than-expected earnings per share and raised its forecasts for the year. Chemical group DuPont surged after announcing late on Monday that its long-standing chief executive Ellen Kullman will retire on 16 October. Freeport-McMoRan ended sharply higher after the mining and energy company said it was considering spinning off its oil and natural gas business into a separate company. The dollar was up 0.6% against the pound, down 0.8% against the euro and 0.2% weaker against the yen, while gold futures rose 0.8% to $1,147.00. Oil prices rose sharply, with West Texas Intermediate up 5.3% to $48.69 a barrel and Brent crude up 5.6% to $51.99 a barrel. The US Energy Information Administration estimated that domestic crude production dropped 120,000 barrels a day from August to September and trimmed its production forecasts to 8.8m barrels a day in 2016. Crude also benefitted from reports that Russia and Saudi Arabia discussed the oil market last week and plan to continue discussing their views on demand, production and shale oil. S&P 500 - Risers Peabody Energy Corp. (BTU) $26.60 +34.89% Denbury Resources Inc. (DNR) $3.82 +19.37% Nabors Industries Ltd. (NBR) $11.67 +12.54% Helmerich & Payne Inc. (HP) $56.17 +8.42% E.I. du Pont de Nemours and Co. (DD) $55.22 +7.68% Noble Corporation plc (NE) $12.98 +7.45% Transocean Ltd. (RIG) $15.75 +7.22% QEP Resources Inc (QEP) $15.82 +6.68% Chesapeake Energy Corp. (CHK) $8.98 +6.65% Marathon Oil Corp. (MRO) $19.17 +6.20%   S&P 500 - Fallers Avon Products Inc. (AVP) $3.64 -5.21% Vertex Pharmaceuticals Inc. (VRTX) $109.57 -4.32% Dollar Tree Inc (DLTR) $65.19 -4.30% F5 Networks Inc. (FFIV) $117.96 -4.05% Delta Airlines Inc. (DAL) $45.07 -4.02% Molson Coors Brewing Co. Class B (TAP) $80.99 -3.88% Celgene Corp. (CELG) $112.19 -3.80% Aetna Inc. (AET) $108.83 -3.72% Biogen Inc (BIIB) $275.99 -3.69% Abbott Laboratories (ABT) $39.89 -3.62%   Dow Jones I.A - Risers E.I. du Pont de Nemours and Co. (DD) $55.22 +7.68% Chevron Corp. (CVX) $86.99 +3.52% Caterpillar Inc. (CAT) $70.82 +2.37% General Electric Co. (GE) $27.30 +1.79% Intel Corp. (INTC) $31.74 +1.70% Cisco Systems Inc. (CSCO) $27.23 +1.42% Exxon Mobil Corp. (XOM) $77.89 +1.41% McDonald's Corp. (MCD) $101.90 +0.72% Apple Inc. (AAPL) $111.31 +0.48% Boeing Co. (BA) $134.63 +0.46%   Dow Jones I.A - Fallers Unitedhealth Group Inc. (UNH) $116.08 -2.98% Merck & Co. Inc. (MRK) $49.78 -2.83% Pfizer Inc. (PFE) $32.80 -2.03% Johnson & Johnson (JNJ) $93.42 -1.41% Nike Inc. (NKE) $123.18 -0.88% Travelers Company Inc. (TRV) $101.05 -0.80% American Express Co. (AXP) $76.93 -0.48% Home Depot Inc. (HD) $118.67 -0.44% 3M Co. (MMM) $145.73 -0.40% Wal-Mart Stores Inc. (WMT) $65.69 -0.27%   Nasdaq 100 - Risers Wynn Resorts Ltd. (WYNN) $67.87 +4.59% Micron Technology Inc. (MU) $18.22 +3.70% Seagate Technology Plc (STX) $46.21 +3.06% Sandisk Corp. (SNDK) $61.25 +2.99% Viacom Inc. Class B (VIAB) $46.79 +2.93% Symantec Corp. (SYMC) $21.00 +2.79% Intel Corp. (INTC) $31.74 +1.70% KLA-Tencor Corp. (KLAC) $52.47 +1.43% NetApp Inc. (NTAP) $31.33 +1.42% Cisco Systems Inc. (CSCO) $27.23 +1.42%   Nasdaq 100 - Fallers Illumina Inc. (ILMN) $145.59 -10.77% Vertex Pharmaceuticals Inc. (VRTX) $109.57 -4.32% Dollar Tree Inc (DLTR) $65.19 -4.30% F5 Networks Inc. (FFIV) $117.96 -4.05% Celgene Corp. (CELG) $112.19 -3.80% Biogen Inc (BIIB) $275.99 -3.69% Avago Technologies Ltd. (AVGO) $117.14 -3.37% Ross Stores Inc. (ROST) $47.69 -2.96% Regeneron Pharmaceuticals Inc. (REGN) $459.48 -2.89% Netflix Inc. (NFLX) $108.33 -2.62% Blue Chip Opportunities - Morgan Stanley issues 'full house' buy alert Morgan Stanley recently put out a 'full house' buy alert, effectively calling the bottom of 2015's late summer equity slump. The last time it issued such a bullish signal, back in 2009 following a massive financial crash, the FTSE100 promptly commenced an uptrend that's still valid today. Download your copy of this report in which we discuss reasons for the August sell-off and why you should seriously consider investing in our five September picks. Losses can exceed deposits   Newspaper Round Up Wednesday newspaper round-up: QIA, Britain, Skyscanner The Qatar Investment Authority has been carrying out an internal review, which will be completed by the end of the year, to determine where the billions of dollars it has under its management should be best invested. It is thought that the outcome of the review will result in significantly more funds being deployed in the US and Asia, which could potentially lessen the flow of funds to Europe, which has been the main investment arena for the QIA. - The Times Business leaders have thrown their weight behind the argument that being a member of the European Union makes little difference to Britain. Recruitment company founder Robert Walters said exports are unlikely to be affected if Britain were to pull the plug on EU membership following the referendum due in 2017. Meanwhile, the senior vice-president of Tate & Lyle Sugars has criticised Europe's heavy-handed approach to regulation. - The Daily Telegraph Skyscanner, the online flight comparison service, is en route to land a £1bn valuation, as one of its early investors seeks to sell part of its stake. Scottish Equity Partners (SEP) has appointed Goldman Sachs to offload 10% of the company at a price that would confirm Skyscanner as a technology "unicorn" - a start-up that achieves a $1bn valuation before they reach the stock market. - The Daily Telegraph The first interest rate rise should come next month but must be half the size that most people are expecting, a member of The Times' shadow monetary policy committee has argued. Charles Goodhart, emeritus professor of banking and finance at the London School of Economics and a former member of the Bank of England's MPC, called for rates to rise by 12.5 basis points in November, pushing them up from their record low of 0.5% to 0.625%. Most economists are expecting the first increase to be double that. - The Times The Royal Mint is offering "serious investors" with around £25,000 to spare the chance to buy a fine gold bar weighing one kilogram. The new gold bars have been produced to mark the first anniversary of a bullion trading website launched by the Mint last year, which aims to make it easier for people to invest in gold. - 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 advertise@advfn.com     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