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| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London close: Housebuilding stocks lift equities higher UK stocks advanced on Tuesday, boosted by housebuilders after a report showed a record increase in November house prices.
Persimmon, Taylor Wimpey and Barratt Development were among the top risers on the FTSE 100 after a report from property group Haart showed house prices in November rose 13.4% annually and 3.7% on the month to reach an average of £231,857.
Haart chief executive Paul Smith said the UK experienced the steepest monthly and annual increase on record following a surge in registrations from buy-to-let investors since the Autumn Statement announced higher stamp duty would be introduced on 1 April.
The housing sector was also supported by the potential windfall from the cost of rebuilding and repairing the numerous homes damaged in the UK floods. In England and Wales there are nine severe flood warnings, mostly in York which was badly hit by flooding on Saturday.
However, UK insurers took a hit as it emerged the floods could cost the economy up to £5.8bn, with insurers likely to see claims of up to £1.5bn. RSA Insurance's shares were in the red.
Meanwhile, mining companies were under pressure including Anglo American, Antofagasta and Rio Tinto as a report showed a 0.1% contraction in UK manufacturing activity this year.
EEF said the manufacturing industry was dragged down by lower productivity in oil and gas, weakness in the steel industry and a tough exports market. A strong pound also deterred international sales and low oil prices hurt industry investment.
However, oil prices staged a recovery from Monday's declines. At 1626 GMT Brent crude rose 2.7% to $37.66 per barrel and West Texas Intermediate increased 2.4% to $37.72 per barrel.
Gold reversed earlier gains to fall 0.05% on the Comex while copper jumped 3.13% and silver rose 0.66%.
In the US, stocks were posting gains after positive economic data.
The US Conference Board's consumer confidence index rose to 96.5 in December from 92.6 the previous month, comfortably beating economists' expectations for a reading of 93.6.
The US S&P/Case-Shiller Composite-20 house price index rose 5.5% year-on-year in October, compared to analysts' estimates of 5.6% and the previous month's 5.45%.
Data from the Census Bureau showed the US trade deficit on goods in November narrowed to $60.5bn from an upward revised $61.96bn the previous month. Analysts had been expecting a deficit of $60.7bn in November. Imports fell 1.8% last month while exports dropped 2%.
On the corporate front, Supermarket retailer Sainsbury's was under the cosh as the sale of its pharmacy business to Celesio has been delayed after the UK competition watchdog said it was launching a full investigation. The Competition and Markets Authority said on Tuesday that it has referred Sainsbury's deal to outsource the management of its pharmacies to Celesio to a 'phase 2' investigation.
Ryanair flew higher after saying it delivered 70% of all traffic growth at Cork, Dublin, Knock and Shannon airports this year, which saw record growth for Irish tourism.
Dairy Crest gained as it confirmed it had completed the sale of its Dairies operations to Müller UK & Ireland Group. |
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| | Market Movers
FTSE 100 (UKX) 6,299.33 0.71%
FTSE 250 (MCX) 17,541.51 0.73%
techMARK (TASX) 3,263.47 1.34%
FTSE 100 - Risers
Hikma Pharmaceuticals (HIK) 2,354.00p 4.58%
Taylor Wimpey (TW.) 203.60p 3.25%
Persimmon (PSN) 2,036.00p 3.19%
Smith & Nephew (SN.) 1,206.00p 2.81%
Hargreaves Lansdown (HL.) 1,523.00p 2.77%
London Stock Exchange Group (LSE) 2,773.00p 2.63%
St James's Place (STJ) 1,022.00p 2.61%
Sky (SKY) 1,126.00p 2.46%
Berkeley Group Holdings (The) (BKG) 3,701.00p 2.44%
Barratt Developments (BDEV) 631.00p 2.44%
FTSE 100 - Fallers
Anglo American (AAL) 307.35p -6.31%
Pearson (PSON) 745.50p -2.93%
BP (BP.) 359.75p -1.69%
Rolls-Royce Holdings (RR.) 585.00p -1.68%
Rio Tinto (RIO) 1,975.00p -1.57%
Fresnillo (FRES) 706.00p -1.33%
Standard Chartered (STAN) 581.40p -1.29%
Mondi (MNDI) 1,345.00p -1.03%
Sainsbury (J) (SBRY) 264.90p -0.56%
Antofagasta (ANTO) 460.70p -0.41%
FTSE 250 - Risers
Jimmy Choo (CHOO) 140.00p 6.87%
Mitchells & Butlers (MAB) 340.60p 5.97%
Telecom Plus (TEP) 1,102.00p 4.45%
Lookers (LOOK) 185.00p 4.05%
Card Factory (CARD) 375.90p 4.01%
Riverstone Energy Limited (RSE) 802.00p 3.79%
Nostrum Oil & Gas (NOG) 410.20p 3.72%
Cineworld Group (CINE) 580.50p 3.66%
Tullett Prebon (TLPR) 378.40p 3.28%
esure Group (ESUR) 255.90p 3.27%
FTSE 250 - Fallers
Evraz (EVR) 71.40p -5.87%
Serco Group (SRP) 97.05p -4.67%
Ocado Group (OCDO) 326.10p -4.31%
Tullow Oil (TLW) 173.00p -3.24%
Keller Group (KLR) 809.00p -3.17%
Jardine Lloyd Thompson Group (JLT) 922.00p -2.90%
Carillion (CLLN) 308.00p -2.84%
Vedanta Resources (VED) 276.10p -2.78%
Daejan Holdings (DJAN) 6,360.00p -2.38%
Clarkson (CKN) 2,287.00p -2.14% |
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| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe close: Stocks end higher in holiday-thinned trade as oil recovers European stocks rose on Tuesday as oil prices recovered following sharp declines in the previous session.
The benchmark Stoxx Europe 600 closed up 1.5%, Germany's DAX rose 1.9% and France's CAC 40 ended 1.8% higher in holiday-thinned trade.
"With many investors still away until the New Year, volumes will remain low but we see more money flowing into equities as more inflows should be the theme after a lacklustre performance for European equities in 2015," said Atif Latif, director of trading at Guardian Stockbrokers.
In commodity markets, oil prices gained back ground, with West Texas Intermediate up 2.5% at $37.72 and Brent crude 3% higher at $37.70 after sliding more than 3% on Monday.
On the corporate front, Deutsche Bank shares rose after it agreed to sell its stake in Chinese lender Hua Xia for up to €3.7bn in an effort to strengthen its balance sheet.
Adidas was also in the black after the sports retailer's finance chief, Robin Stalker, denied claims that it was facing pressure from activist shareholders to offload more assets.
Budget airline Ryanair was higher after saying it delivered 70% of all traffic growth at Cork, Dublin, Knock and Shannon airports this year, which saw record growth for Irish tourism.
In London, housebuilders rallied, with Persimmon and Taylor Wimpey on the front foot after a report from property group Haart showed house prices in November rose 13.4% annually and 3.7% on the month to reach an average of £231,857.
The sector was also boosted by expectations that it will benefit from any rebuilding or repair work that needs to be carried out as a result of the recent flooding in the UK.
However, RSA Insurance slipped as it emerged the floods could cost the economy up to $5.8bn, with insurers likely to see claims of up to £1.5bn.
There were no major Eurozone data releases so investors turned their attention to the US, where the Conference Board's consumer confidence index rose to 96.5 in December from 92.6 the previous month, beating economists' expectations for a reading of 93.6.
Elsewhere, the S&P Case-Shiller National Home Price Index revealed that house prices were up 5.2 % in October compared to the same month last year and up from a 4.9% increase in September.
The 20-City Composite's year-over-year gain was 5.5% versus 5.4% reported in September. |
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| | US Market Report | | US open: Stocks climb as oil prices stage recovery US stocks advanced on Tuesday as oil prices recovered and investors weighed economic data.
At 1430 GMT, the Dow Jones Industrial Average rose 0.47%, the Nasdaq increased 0.52% and the S&P 500 climbed 0.56%.
The US S&P/Case-Shiller Composite-20 house price index rose 5.5% year-on-year in October, compared to analysts' estimates of 5.6% and the previous month's 5.45%.
Separately, data from the Census Bureau showed the US trade deficit on goods in November narrowed to $60.5bn from an upward revised $61.96bn the previous month.
Analysts had been expecting a deficit of $60.7bn in November. Imports fell 1.8% last month while exports dropped 2%.
Meanwhile, oil prices steadied after crude dropped more than 3% on Monday. West Texas Intermediate was up 1.5% at $37.38 a barrel while Brent crude was 2.07% firmer, at $37.37 per barrel.
Oil was being weighed down by news that Saudi Arabia was planning to cut its public budget to combat a prolonged slump as well as reports that Iran plans to up exports by 500,000 barrels a day once economic sanctions are removed.
On the corporate front, Willis Group Holding and Towers Watson & Co. were sitting higher after the S&P Dow Jones Indices announced late on Monday that Willis Tower Watson will join the S&P 500. The companies are in the process of merging.
Pep Boys surged after billionaire investor Carl Icahn raised his bid for the car parts and repair chain to value it at $1bn.
Whole Foods edged up after the company agreed to pay $500,000 to settle allegations that its stores were overcharging customers for pre-packaged foods.
In currencies, the greenback was 0.37% higher against the euro, up 0.49% against the pound and up 0.05% against the yen. |
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