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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 open: Stocks decline as oil prices reverse gains London stocks declined on Wednesday as oil prices reversed gains in the previous session.
Brent crude fell 1.9% to $37.06 per barrel and West Texas Intermediate dropped 2.5% to $36.93 per barrel at 0854 GMT.
A slump in metal prices also dragged mining stocks lower including BHP Billiton, Glencore and Rio Tinto.
Providing a drag on markets elsewhere, International Monetary Fund chief Christine Lagarde warned global growth next year would be "disappointing".
"In many countries the financial sector still has weaknesses and in emerging markets the financial risks are increasing. All of that means global growth will be disappointing and uneven in 2016," Lagarde said in a guest article for German newspaper Handelsblatt published on Wednesday.
In the UK, a report from Nationwide showed house prices climbed 0.8% month in December compared to November, which was the largest month-on-month increase since April.
Nationwide said this lifted the annual pace of house price growth to 4.5%, a high-month high, from 3.7% in November.
In afternoon trade, data on US weekly mortgage applications and US pending home sales are due at 1200 GMT and 1500 GMT respectively.
Company-wise, Rolls Royce was in the red after members of the UK parliament were reportedly set to meet the group's boss Warren East to discuss his restructuring plans for the aerospace and defence group following its five profit warnings.
Crimson Tide gained after saying that it has called a general meeting as it looks to get shareholder approval for a capital reconstruction. |
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| Market Movers
FTSE 100 (UKX) 6,266.33 -0.76%
FTSE 250 (MCX) 17,485.19 -0.48%
techMARK (TASX) 3,255.86 -0.43%
FTSE 100 - Risers
Shire Plc (SHP) 4,710.00p 0.58%
International Consolidated Airlines Group SA (CDI) (IAG) 611.00p 0.25%
DCC (DCC) 5,675.00p 0.09%
Centrica (CNA) 221.00p 0.05%
CRH (CRH) 1,980.00p 0.00%
Severn Trent (SVT) 2,204.00p -0.05%
Reckitt Benckiser Group (RB.) 6,302.00p -0.05%
Smith & Nephew (SN.) 1,208.00p -0.08%
Unilever (ULVR) 2,938.00p -0.10%
Carnival (CCL) 3,870.00p -0.10%
FTSE 100 - Fallers
BHP Billiton (BLT) 759.50p -2.10%
Standard Chartered (STAN) 569.50p -1.95%
Burberry Group (BRBY) 1,203.00p -1.80%
HSBC Holdings (HSBA) 535.10p -1.74%
Rio Tinto (RIO) 1,948.00p -1.52%
BP (BP.) 355.30p -1.51%
Royal Bank of Scotland Group (RBS) 305.50p -1.48%
Inmarsat (ISAT) 1,131.00p -1.48%
Glencore (GLEN) 91.75p -1.45%
Barratt Developments (BDEV) 625.00p -1.42%
FTSE 250 - Risers
NCC Group (NCC) 309.00p 2.49%
Nostrum Oil & Gas (NOG) 422.20p 2.30%
Allied Minds (ALM) 395.40p 1.23%
AO World (AO.) 159.70p 1.08%
Jardine Lloyd Thompson Group (JLT) 929.50p 0.81%
Just Eat (JE.) 488.90p 0.76%
Finsbury Growth & Income Trust (FGT) 594.00p 0.68%
Fidelity China Special Situations (FCSS) 143.00p 0.63%
PZ Cussons (PZC) 288.50p 0.63%
Meggitt (MGGT) 379.30p 0.50%
FTSE 250 - Fallers
Ocado Group (OCDO) 300.10p -7.92%
Vectura Group (VEC) 172.50p -2.82%
Zoopla Property Group (WI) (ZPLA) 231.50p -2.36%
Vedanta Resources (VED) 270.00p -2.21%
Weir Group (WEIR) 977.50p -2.20%
Amec Foster Wheeler (AMFW) 435.50p -2.11%
Petrofac Ltd. (PFC) 792.50p -2.04%
Evraz (EVR) 70.00p -2.03%
Entertainment One Limited (ETO) 170.00p -2.02% |
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| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks in the red as oil prices resume slide European stocks slipped in early trade, giving back some of the previous session's gains as oil prices resumed their slide, on what will be the last full day of trading in 2015.
At 0900 GMT, the benchmark Stoxx Europe 600 index and France's CAC 40 were both 0.5% lower, while Germany's DAX was off 0.7%
Meanwhile, the recovery in oil prices proved fleeting as they were under pressure again on Wednesday.
West Texas Intermediate was down 1.8% at $37.19 and Brent crude was 1.2% lower at $37.33, as worries about slowing demand and high supply weighed.
Late on Tuesday, a report from the American Petroleum Institute showed an increase of nearly 3m barrels in crude supplies in the week ended 25 December.
In addition, forecasts that a cold snap in Europe could be short-lived also dented oil prices, pushing the Stoxx 600 oil and gas index down 1%.
Metals prices were also weaker and the Stoxx 600 basic resources index fell 1.3%.
Comments from the International Monetary Fund's managing director Christine Lagarde did little to help the mood.
In a guest article for German daily Handelsblatt, she said global economic growth will be "disappointing" next year.
"In many countries the financial sector still has weaknesses and in emerging markets the financial risks are increasing. All of that means global growth will be disappointing and uneven in 2016," she said, pointing to low productivity, ageing populations and the effects of the global financial crisis.
In corporate news, shares in aerospace and defence group Rolls-Royce nudged a touch lower following a report that MPs are set to meet boss Warren East to discuss his restructuring plans amid concerns for UK jobs.
Elsewhere, Swiss bank Julius Baer rallied despite saying it has set aside nearly $200m in additional provisions to settle a US criminal investigation that it helped wealthy American clients evade taxes.
On the macroeconomic front, US MBA mortgage applications are scheduled for release at 1200 GMT, while pending home sales are due at 1500 GMT. |
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| | US Market Report | | US close: Stocks rally on economic data, oil price recovery US stocks rallied on Tuesday after an upbeat batch of economic data and an uptick in oil prices.
At close of trading Dow Jones Industrial Average rose 1.10%, the Nasdaq increased 1.33% and the S&P 500 climbed 1.05%.
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%.
Meanwhile, oil prices recovered after crude dropped more than 3% on Monday. West Texas Intermediate was up 2.7% at $37.85 a barrel while Brent crude was 3.1% firmer, at $37.79 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, Alphabet Inc. and Amazon.com rose to all-time highs as the S&P information-technology sector was the best performer on the index, up 1.3%.
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.
In currencies, the greenback was 0.32% higher against the euro, up 0.39% against the pound and up 0.05% against the yen.
S&P 500 - Risers
Chesapeake Energy Corp. (CHK) $4.58 +12.53%
CONSOL Energy Inc. (CNX) $8.24 +4.70%
Kohls Corp. (KSS) $48.81 +3.32%
Vertex Pharmaceuticals Inc. (VRTX) $127.87 +3.16%
Transocean Ltd. (RIG) $12.71 +3.00%
Amazon.Com Inc. (AMZN) $693.97 +2.78%
Cabot Oil & Gas Corp. (COG) $17.70 +2.67%
Carmax Inc. (KMX) $54.59 +2.65%
QUALCOMM Inc. (QCOM) $50.88 +2.62%
Wynn Resorts Ltd. (WYNN) $70.12 +2.60%
S&P 500 - Fallers
Southwestern Energy Co. (SWN) $6.76 -1.31%
United States Steel Corp. (X) $8.20 -1.20%
Peabody Energy Corp. (BTU) $8.17 -0.85%
Graham Holdings Co. (GHC) $507.51 -0.72%
Chipotle Mexican Grill Inc. (CMG) $489.99 -0.72%
Avery Dennison Corp. (AVY) $63.59 -0.63%
Staples Inc. (SPLS) $9.56 -0.62%
Frontier Communications Co. (FTR) $4.82 -0.62%
Deere & Co. (DE) $77.64 -0.42%
Mosaic Company (MOS) $28.87 -0.38%
Dow Jones I.A - Risers
Boeing Co. (BA) $147.35 +1.94%
Apple Inc. (AAPL) $108.74 +1.80%
Cisco Systems Inc. (CSCO) $27.77 +1.68%
E.I. du Pont de Nemours and Co. (DD) $67.57 +1.65%
International Business Machines Corp. (IBM) $139.78 +1.58%
Intel Corp. (INTC) $35.44 +1.46%
Wal-Mart Stores Inc. (WMT) $61.61 +1.42%
Travelers Company Inc. (TRV) $114.98 +1.32%
Pfizer Inc. (PFE) $32.83 +1.26%
Unitedhealth Group Inc. (UNH) $119.82 +1.26%
Dow Jones I.A - Fallers
Walt Disney Co. (DIS) $107.14 -0.10%
Nasdaq 100 - Risers
Tesla Motors Inc (TSLA) $237.19 +3.60%
Illumina Inc. (ILMN) $194.17 +3.25%
Vertex Pharmaceuticals Inc. (VRTX) $127.87 +3.16%
Amazon.Com Inc. (AMZN) $693.97 +2.78%
QUALCOMM Inc. (QCOM) $50.88 +2.62%
Wynn Resorts Ltd. (WYNN) $70.12 +2.60%
JD.com, Inc. (JD) $32.65 +2.38%
Priceline Group Inc (PCLN) $1,302.86 +2.35%
Cerner Corp. (CERN) $61.85 +2.03%
Liberty Global plc Series A (LBTYA) $40.25 +2.00%
Nasdaq 100 - Fallers
Staples Inc. (SPLS) $9.56 -0.62%
Expeditors International Of Washington Inc. (EXPD) $45.67 -0.33%
Whole Foods Market Inc. (WFM) $34.23 -0.03%
Vimpelcom Ltd Ads (VIP) $3.31 -0.00% |
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| | Newspaper Round Up | | Wednesday newspaper round-up: Rolls-Royce, pay, Brexit, Qinetiq Legislators are to meet Warren East to discuss his restructuring plans for Rolls-Royce, underlining the political sensitivities the new chief executive will have to navigate as he attempts to stabilise the UK's flagship engineering group after five profit warnings. More than 20 Labour and Conservative MPs wrote to Mr East earlier this month to request a meeting, highlighting concerns for the future for the group's 21,300 employees in the UK and plans to shift more production to low-cost countries. - Financial Times
Investment guru Warren Buffett is headed for his worst year relative to the rest of the US stock market since 2009, with shares in his conglomerate Berkshire Hathaway down 11 per cent with two more trading days to go. The underperformance comes in Mr Buffett's Golden Anniversary year at the helm, when he told investors for the first time that they should judge his record based on Berkshire's share price, rather than just the book value of the company, which had been his preferred yardstick for decades. - Financial Times
Ashley Madison, the adultery webiste, has seen its popularity soar in recent months, despite a hack that exposed the personal details of millions of its customers. More than 43.4m people have signed up to the company, according to its website, up from around 37m - including 1.2m Britons - at the time of the cyber attack in August. - Telegraph
The UK's richest people saw their wealth increase by $1.4bn (£900m) in 2015, with property tycoon the Duke of Westminster leading the way. Britain's 11 richest citizens now control $67bn, according to Bloomberg's billionaire index, up 2pc on 2014's total. The Duke of Westminster was the highest placed Brit with a $14bn fortune, up $623m over the past 12 months. The 64-year-old owns swathes of central London through his company, Grosvenor Estates. - Telegraph
Average pay growth for Britain's workers is likely to stall at about 2% in 2016, as the ready availability of migrants makes it easy for employers to fill vacancies, according to a forecast of the labour market. In its annual assessment, the Chartered Institute for Personnel and Development (CIPD), which represents the human resources profession, says job creation will remain strong over the next 12 months, but wage growth has reached a plateau. - Guardian
The new director general of the CBI is promising to play a leading role in the debate about whether Britain should stay in the European Union in 2016. Carolyn Fairbairn said it will be up to British business to ensure the benefits of membership are fully understood by the public, with a referendum on a Brexit expected to take place as soon as next summer. - Guardian
One of Britain's leading defence technology companies has secured a contract worth $16 million to provide aircraft launch and landing systems for the US Navy's next aircraft carrier, the $11.5 billion John F Kennedy. QinetiQ said its North American unit had won the contract from San Diego-based General Atomics. - The Times
An Israeli technology company that uses data from mobile phone signals to track pedestrian traffic movements and crowd behaviour has announced plans to float in London. Trendit said that it was intending to list on London's main market and hoped to raise £4 million through a placing and subscription of shares. The group is expected to have a market capitalisation of up to £12 million when its shares are admitted for trading. - The Times | | |
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