Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Friday, 30 December 2016 09:30:35 Monitor Quote Charts News CFD's Compare Brokers Free BB   The Top Stock Picks for 2017 This comprehensive report looks the 10 hottest prospects for the coming 12-months, asks whether 2017 will pick up where 2016 left off, covers the trailblazers, rangers, and a potential comeback king, and provides broker consensus and an average target price for each stock assessed. Download here 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: Stocks edge lower after Thursday's record close London stocks edged lower at the start of the last trading session of the year- a half day - after the index closed at a fresh record high in the previous session. At 0830 GMT, the FTSE 100 was down 0.2% at 7,109.26. On Thursday, the index closed at a fresh high of 7,120.26, boosted by precious metals miners such as Fresnillo and Randgold Resources, as gold prices advanced. Mike van Dulken, head of research at Accendo Markets, said: "Note resistance-turned-support building around 7,110 which keeps us above 7,100 and maintains the rising channel since mid-month which bodes well for further upside (another record today?). Bulls want to see overnight highs of 7,123 bettered to inspire hopes that record intraday (7,130) and out-of-hours highs (7,135) can be challenged. "Bears need to see current support at 7,110 give way." Meanwhile, oil prices ticked higher after data from the US Energy Information Administration showed crude inventories rose by 614,000 barrels in the week 23 December, compared with expectations for a 1.2m barrel contraction. West Texas Intermediate and Brent crude were up 0.4% to $53.99 and $57.10 a barrel, respectively. With many traders away from their desks in the run-up to the New Year, volumes were light and corporate news was thin on the ground. Property developer Hammerson inched higher after saying it will sell its 50% stake in the Watermark leisure and dining site near the Westquay shopping centre in Southampton to GIC, Singapore's sovereign wealth fund and the company's Westquay joint venture partner, for £48.5m. The tenure of the Westquay joint venture will also been extended, with Hammerson receiving a fee from the joint venture for the ongoing management of the shopping centre and the deal is expected to complete before the end of the year. Elsewhere, Royal Bank of Scotland was in focus following reports that small investors in the bank are pushing for it to set up a shareholder committee to give them a bigger say in areas such as executive pay. There are no UK data releases of note due, but in the US, the Chicago purchasing managers' index is at 1445 GMT. Open Trading Account to Qualify for your iPhone 7 Experienced traders know to evaluate what really matters when selecting a broker, here a few reasons why smart traders choose Windsor Brokers.  Click Here 2016 market review One City commentator provided what may prove the pithiest and most accurate summary of the last 12 months: “2016 – not for the faint-hearted.” Remarkably, he was speaking not at the end of the year but close to its beginning, when the big story was an apparently endless share price crash on the Shanghai stock market, and associated fears that the emerging market boom had very definitely gone bust. Read More... Market Movers FTSE 100 (UKX) 7,109.26 -0.15% FTSE 250 (MCX) 18,008.21 -0.12% techMARK (TASX) 3,360.84 -0.27% FTSE 100 - Risers Convatec Group (CTEC) 239.00p 1.70% Intertek Group (ITRK) 3,452.00p 0.58% Next (NXT) 4,967.00p 0.47% British American Tobacco (BATS) 4,616.50p 0.44% Whitbread (WTB) 3,750.00p 0.43% Standard Chartered (STAN) 654.50p 0.41% Coca-Cola HBC AG (CDI) (CCH) 1,739.00p 0.40% Randgold Resources Ltd. (RRS) 6,440.00p 0.39% Royal Mail (RMG) 458.80p 0.37% Associated British Foods (ABF) 2,739.00p 0.33% FTSE 100 - Fallers Shire Plc (SHP) 4,594.00p -0.85% St James's Place (STJ) 996.00p -0.80% Tesco (TSCO) 204.80p -0.78% Sage Group (SGE) 653.50p -0.76% Fresnillo (FRES) 1,215.00p -0.74% BAE Systems (BA.) 591.00p -0.67% Vodafone Group (VOD) 199.10p -0.65% Smiths Group (SMIN) 1,402.00p -0.64% BP (BP.) 508.00p -0.63% Royal Dutch Shell 'B' (RDSB) 2,344.00p -0.59% FTSE 250 - Risers Hastings Group Holdings (HSTG) 253.20p 2.34% Evraz (EVR) 224.10p 2.33% PayPoint (PAY) 1,015.00p 2.32% Acacia Mining (ACA) 381.50p 2.20% International Personal Finance (IPF) 174.60p 1.51% Ferrexpo (FXPO) 135.70p 1.34% Vectura Group (VEC) 138.60p 1.24% Hochschild Mining (HOC) 213.50p 1.04% Marshalls (MSLH) 289.17p 0.93% BGEO Group (BGEO) 2,954.00p 0.85% FTSE 250 - Fallers Euromoney Institutional Investor (ERM) 1,107.00p -4.16% Renishaw (RSW) 2,435.00p -2.72% Synthomer (SYNT) 374.50p -2.30% Ted Baker (TED) 2,757.00p -2.20% Allied Minds (ALM) 450.00p -2.17% IP Group (IPO) 172.90p -2.15% Countryside Properties (CSP) 235.00p -1.96% Jardine Lloyd Thompson Group (JLT) 967.00p -1.58% Nostrum Oil & Gas (NOG) 377.90p -1.33% The Brexit Rollercoaster. Take your position for the trading ride of your life, at City Index. The Brexit effect means constant uncertainty. Will the pound be up or down? Are businesses feeling confident? At City Index you can trade FX from just 0.5 points. Seize the opportunity today. And hold on to your hat. Losses can exceed deposits. Trade now Friday December 30 INTERIM DIVIDEND PAYMENT DATE Clipper Logistics , First Property Group, Helical, Kainos Group , Palace Capital QUARTERLY PAYMENT DATE Bank of America Corp., F&C Commercial Property Trust Ltd., HICL Infrastructure Company Ltd, Premier Energy & Water Trust INTERNATIONAL ECONOMIC ANNOUNCEMENTS Chicago PMI (US) (14:45) AGMS BOS Global Holdings Limited (DI), K&C Reit , Red Rock Resources, Regency Mines, Secure Property Development & Investment (DI) Seize the opportunity: a time-limited high-yielding prospect in the UK renewables market The UK Government has a current renewable energy incentive scheme is on its way. FRE plc has locked in pre-accredited tariff income for the next 20 years. Our secured bonds are paying fixed returns of 7-11% over 3-5 years. Invest in the energy of the future – today (capital at risk.) Tell me more Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks nudge lower in thin volumes; Monte dei Paschi in focus again European stocks nudged lower in thin volumes on the last trading day of the year, with little in the way of news to move markets either way. At 0850 GMT, the benchmark Stoxx Europe 600 index was down 0.1%, while Germany's DAX and France's CAC 40 were 0.2% lower. Meanwhile, oil prices ticked higher after data from the US Energy Information Administration showed crude inventories rose by 614,000 barrels in the week 23 December, compared with expectations for a 1.2m barrel contraction. West Texas Intermediate and Brent crude were up 0.3 % to $53.94 and $57.05 a barrel, respectively. On the corporate front, troubled Italian lender Banca Monte dei Paschi di Siena was in focus again after the European Commission on Thursday approved a six-month extension to allow the government to revamp its banking system. In addition, newspaper reports on Friday suggested the bank is planning to issue €15bn of debt next year to restore liquidity and lift investor confidence. Switzerland's Actelion nudged higher amid reports Johnson & Johnson is considering breaking the company up if it acquires it. Property developer Hammerson inched higher after saying it will sell its 50% stake in the Watermark leisure and dining site near the Westquay shopping centre in Southampton to GIC, Singapore's sovereign wealth fund and the company's Westquay joint venture partner, for £48.5m. Elsewhere, Royal Bank of Scotland was just a touch firmer following reports that small investors in the bank are pushing for it to set up a shareholder committee to give them a bigger say in areas such as executive pay. Discover a new way to trade with eToro Trade 1000s of markets independently, connect with millions of other traders and copy top performing traders move-for-move. Click Here Newspaper Round Up Friday newspaper round-up: Tandem, petrol prices, Amazon, M&A House of Fraser is planning to invest as much as £35m in digital challenger bank Tandem as part of a tie-up that will see the upstart lender offer services to shoppers at the department store chain. The retailer, which was bought by Chinese conglomerate Sanpower in a £480m deal in 2014, is planning to offer "financial solutions" to its customers through Tandem. The chain will outline more details of the partnership when it lays out its broader five-year strategic plan in the first-half of next year. - Telegraph Petrol prices are rising sharply in the first signs of what could be a new wave of inflation, putting pressure on household budgets and potentially slowing the economy down. Fuel cost 7.4pc more in November than it did a year earlier, according to Asda's income tracker, as official figures showed inflation hit a two-year high of 1.2pc. - Telegraph Working people in Britain must get a "new bargain" in 2017 that gives them a fairer share of the country's economic gains and that turns the tide in an increasingly precarious jobs market, the head of the Trades Union Congress has urged. In her new year's message, Frances O'Grady also pressed the government to ensure workers' rights are maintained and expanded as the UK prepares to leave the EU, and warned of the threat of "bad bosses" using Brexit to water down rules such as protections from working excessive hours. - Guardian Amazon has filed a patent for flying warehouses that could use a fleet of drones to make deliveries to customers. A patent document filed in 2014 in the US describes giant airships as "airborne fulfilment centres" (AFCs) that could be stationed above metropolitan areas and used to store and quickly deliver items at times of high demand, using drones dispatched directly from the airship. - Guardian Mergers and acquisitions involving British companies have plummeted by more than 50 per cent this year after a string of global events including the Brexit vote sharply depressed dealmaking activity. In the worst performance for three years, M&A deal volumes in Britain fell to $355 billion, a steep drop from $603 billion last year, according to data from Dealogic. In 2014 almost $390 billion of deals were agreed. - The Times The Leeds-based lender considering a bid for more than 300 branches being sold by the Royal Bank of Scotland has hired two senior executives from the state-backed lender as it looks to bulk up its team ahead of a formal offer. CYBG, the owner of Clydesdale Bank and Yorkshire Bank, has hired Mark Fisher, a former manager at RBS and the executive responsible for managing its merger with NatWest more than a decade ago, as a consultant ahead of a bid for Williams & Glyn. - The Times   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

Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Thursday, 29 December 2016 09:26:47 Monitor Quote Charts News CFD's Compare Brokers Free BB   The Brexit Rollercoaster. Take your position for the trading ride of your life, at City Index. The Brexit effect means constant uncertainty. Will the pound be up or down? Are businesses feeling confident? At City Index you can trade FX from just 0.5 points. Seize the opportunity today. And hold on to your hat. Losses can exceed deposits. Trade now London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks edge down after Wednesday's record closing high London stocks nudged lower in early trade as investors took a breather after the index closed at an all-time high on Wednesday. At 0830 GMT, the FTSE 100 was down 0.3% to 7,088.55. Meanwhile, oil prices ticked a touch higher, with West Texas Intermediate up 0.2% at $53.96 a barrel and Brent crude up 0.3% at $56.40. On Wednesday, the index closed up 0.5% at 7,106.08, which was above the record of 7,103.98 set on 27 April 2015, buoyed by strength in the mining sector. Mike van Dulken, head of research at Accendo Markets, said: "Bulls need to see a break above overnight highs of 7,085 while bears will want to see 7,065 to confirm a break of yesterday's lows and the aforementioned rising channel." Investors were digesting the latest figures from mortgage lender Nationwide, which showed that house prices rose more than expected in December. Annual house price growth was 4.5%, up from 4.4% the month before and beating expectations of 3.8% growth. On the month, house prices were up 0.8% having been flat in November, and ahead of expectations for 0.2% growth. Meanwhile, the average house price was £205,898 versus £204,947 last month. Nationwide said house prices are expected to rise about 2% next year, depending on the economy. Robert Gardner, Nationwide's chief economist, said: "Looking ahead to 2017, house price prospects will depend crucially on developments in the wider economy, around which there is a greater degree of uncertainty than usual. "Like most forecasters, including the Bank of England, we expect the UK economy to slow modestly next year, which is likely to result in less robust labour market conditions and modestly slower house price growth. "But we continue to think a small gain - around two percent - is more likely than a decline over 2017 as a whole, since low interest rates are expected to help underpin demand while a shortage of homes on the market will continue to provide support for house prices." Howard Archer, chief UK and European economist at IHS Markit, said: "We believe the fundamentals for house buyers will progressively deteriorate during 2017 with consumers' purchasing power weakening markedly and the labour market likely softening. "Increasing economic uncertainty is also likely to weigh down on consumer confidence and willingness to engage in major transactions such as buying a house. Housing market activity and prices are also likely to be pressurized by stretched house prices to earnings ratios and tight checking of prospective mortgage borrowers by lenders." Randgold Resources and Fresnillo advanced as gold prices pushed higher. Elsewhere, BT, Experian and Dixons Carphone were all ex-dividend on Thursday. There are no major UK data releases due, but in the US, initial jobless claims and wholesale inventories are at 1330 GMT. The Top Stock Picks for 2017 This comprehensive report looks the 10 hottest prospects for the coming 12-months, asks whether 2017 will pick up where 2016 left off, covers the trailblazers, rangers, and a potential comeback king, and provides broker consensus and an average target price for each stock assessed. Download here Losses can exceed deposits Market Movers FTSE 100 (UKX) 7,088.55 -0.25% FTSE 250 (MCX) 17,984.32 -0.16% techMARK (TASX) 3,360.69 -0.31% FTSE 100 - Risers Fresnillo (FRES) 1,194.00p 2.05% Randgold Resources Ltd. (RRS) 6,245.00p 2.04% Hikma Pharmaceuticals (HIK) 1,843.00p 1.15% Mediclinic International (MDC) 767.50p 0.66% British Land Company (BLND) 624.50p 0.32% Informa (INF) 674.50p 0.30% Relx plc (REL) 1,445.00p 0.28% United Utilities Group (UU.) 896.00p 0.22% Next (NXT) 4,937.00p 0.22% Compass Group (CPG) 1,473.00p 0.20% FTSE 100 - Fallers Dixons Carphone (DC.) 348.70p -1.13% BT Group (BT.A) 364.10p -1.07% Rio Tinto (RIO) 3,139.50p -0.85% Hammerson (HMSO) 553.00p -0.81% Glencore (GLEN) 274.70p -0.79% Smiths Group (SMIN) 1,424.00p -0.77% Barclays (BARC) 223.15p -0.71% London Stock Exchange Group (LSE) 2,838.00p -0.70% Lloyds Banking Group (LLOY) 63.14p -0.65% Experian (EXPN) 1,563.00p -0.64% FTSE 250 - Risers CMC Markets (CMCX) 115.00p 3.23% Ted Baker (TED) 2,848.00p 2.78% Hochschild Mining (HOC) 202.40p 2.64% Rank Group (RNK) 197.80p 2.06% Hastings Group Holdings (HSTG) 249.00p 2.01% Shawbrook Group (SHAW) 276.50p 1.73% Acacia Mining (ACA) 372.80p 1.69% Fisher (James) & Sons (FSJ) 1,608.00p 1.45% AO World (AO.) 189.60p 1.23% Centamin (DI) (CEY) 136.00p 1.19% FTSE 250 - Fallers Jardine Lloyd Thompson Group (JLT) 951.00p -2.41% Polypipe Group (PLP) 315.00p -2.30% Brown (N.) Group (BWNG) 220.20p -2.18% Vedanta Resources (VED) 880.50p -2.17% Brewin Dolphin Holdings (BRW) 294.50p -2.09% NewRiver REIT (NRR) 337.60p -1.69% Redefine International (RDI) 37.50p -1.65% Meggitt (MGGT) 459.10p -1.48% Kaz Minerals (KAZ) 359.50p -1.37% 2016 market review One City commentator provided what may prove the pithiest and most accurate summary of the last 12 months: “2016 – not for the faint-hearted.” Remarkably, he was speaking not at the end of the year but close to its beginning, when the big story was an apparently endless share price crash on the Shanghai stock market, and associated fears that the emerging market boom had very definitely gone bust. Read More... Thursday December 29 INTERIM EX-DIVIDEND DATE Anglo Pacific Group, BT Group, Dixons Carphone , Ensor Holdings, Fulcrum Utility Services Ltd. (DI), Halma, KCOM Group, Octopus AIM VCT, OPG Power Ventures, Polar Capital Holdings, Real Good Food , RPC Group QUARTERLY EX-DIVIDEND DATE Funding Circle SME Income Fund, Schroder Income Growth Fund, Value and Income Trust INTERNATIONAL ECONOMIC ANNOUNCEMENTS Continuing Claims (US) (13:30) Crude Oil Inventories (US) (16:30) Initial Jobless Claims (US) (13:30) M3 Money Supply (EU) (09:00) Wholesales Inventories (US) (13:30) SPECIAL DIVIDEND PAYMENT DATE Polymetal International EGMS Datang International Power Generation Co Ltd. AGMS Altona Energy, Avanti Communications Group, SimiGon Ltd. (DI), Webis Holdings FINAL EX-DIVIDEND DATE Cambria Automobiles, Game Digital, Grainger, Inland Homes, ITE Group, Oakley Capital Investments Ltd. (DI), Proactis Holdings, Schroder Asia Pacific Fund, Schroder UK Mid Cap Fund Get the inside track on Social/Copy Trading Leading industry professionals David Jones and Tim Morris have created a free weekly newsletter called "The Social Trading Review" which highlights traders worthy of your attention. Every week they publish a fresh review of a Top Trader sent directly to you via the tradesignaller app or email. Reviewing their trading style, preferred markets, risk management and performance to date in a comprehensive report. Sign up and get Trader Focus, with comment from leading traders and a free multi part guide to social trading. Social Trading Review Click Here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks edge lower as resources retreat European stocks edged lower in early trade, with resources under the cosh following a solid performance on Wednesday. At 0850 GMT, the benchmark Stoxx Europe 600, Germany's DAX and France's CAC 40 were all down 0.3%. Meanwhile, oil prices ticked a touch higher, with West Texas Intermediate up 0.2% at $53.96 a barrel and Brent crude up 0.3% at $56.40. In London, investors were digesting the latest figures from mortgage lender Nationwide, which showed that house prices rose more than expected in December. Annual house price growth was 4.5%, up from 4.4% the month before and beating expectations of 3.8% growth. On the month, house prices were up 0.8% having been flat in November, and ahead of expectations for 0.2% growth. Meanwhile, the average house price was £205,898 versus £204,947 last month. Nationwide said house prices are expected to rise about 2% next year, depending on the economy. On the corporate front, Banca Monte dei Paschi di Siena was in focus again after Italy's economy minister, Pier Carlo Padoan said the bank's recapitalisation will start in two to three months and that the plan to compensate retail investors has been agreed. Elsewhere, Credit Suisse was in the red following reports that US authorities are investigating the sale of a bond to Mozambique that was used to buy military equipment instead of tuna fishing. The Stoxx 600 banks index was 0.7% lower. The Stoxx 600 basic resources index was down 1% following strong gains in the previous session, but precious metals miners Randgold Resources and Fresnillo gained on the back of rising gold prices. Seize the opportunity: a time-limited high-yielding prospect in the UK renewables market The UK Government has a current renewable energy incentive scheme is on its way. FRE plc has locked in pre-accredited tariff income for the next 20 years. Our secured bonds are paying fixed returns of 7-11% over 3-5 years. Invest in the energy of the future – today (capital at risk.) Tell me more Newspaper Round Up Thursday newspaper round-up: banks, Brexit, finance chiefs Four major US banks handed almost 1,000 of their top City staff at least €1m (£850,000) in pay deals last year. Goldman Sachs, the highest profile Wall Street bank, disclosed that 11 of its key staff received at least €5m in 2015. The disclosures by Goldman, JP Morgan, Morgan Stanley and Bank of AmericaMerrill Lynch show that 971 of their staff received €1m in 2015. - Guardian Britain faces a decade of disruption after Brexit with low growth, stagnating incomes for the poor and the public finances at breaking point, according to a bleak analysis by a leading thinktank. The report, Britain in the 2020s, by the Institute of Public Policy Research, says Brexit will "profoundly reshape the UK ... painful trade-offs are almost certain. Growth is expected to be lower, investment rates worse, and the public finances weaker as a result of Brexit." - Guardian Britain's corporate finance chiefs are more optimistic about the future than at any point over the past 18 months, as they bounce back from their Brexit blues of the summer amid the UK's unexpectedly positive economic performance. Wile companies remain cautious about launching big new investments, their appetite for hiring is rebounding, according to Deloitte's survey of chief finance officers (CFOs). - Telegraph The Government's pledge to ease the burden of next year's massive rise in business rates will provide a "paltry" £156m of relief in London over the next five years as the capital's bill soars by £9.4bn, new research reveals. Experts said the owners of London's 300,000 business premises faced a "ticking tax time bomb" that has led to warnings by top restaurant chains that the revaluation will force many out of business. - Guardian Plans for a "hard Brexit" could drive more businesses to the wall next year, according to insolvency experts who say that the EU referendum result has harmed companies' finances. Almost three quarters of insolvency practitioners predict that corporate failures will rise by the end of 2017, with manufacturing, retail and financial services thought to be most at risk, according to the Association of Business Recovery Professionals, known as R3. - The Times Discover a new way to trade with eToro Trade 1000s of markets independently, connect with millions of other traders and copy top performing traders move-for-move. 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

Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Wednesday, 28 December 2016 10:19:56 Monitor Quote Charts News CFD's Compare Brokers Free BB   The Brexit Rollercoaster. Take your position for the trading ride of your life, at City Index. The Brexit effect means constant uncertainty. Will the pound be up or down? Are businesses feeling confident? At City Index you can trade FX from just 0.5 points. Seize the opportunity today. And hold on to your hat. Losses can exceed deposits. Trade now London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks nudge up in quiet trade Stocks in London ticked a touch higher in early trade as activity kicked off again following the Christmas break, but volumes are likely to remain thin, with many traders still away form their desks in the run-up to the New Year. At 0830 GMT, the FTSE 100 was up 0.1% to 7,076.35. Meanwhile, oil prices were a little firmer, with West Texas Intermediate and Brent crude up 0.5% to $54.15 a barrel and $56.37, respectively. Miners were the standout gainers as metals prices rose, with Anglo American, BHP Billiton and Fresnillo at the top of the index. Oil giant BP nudged higher after agreeing to buy the Australian fuels business of Woolworths Ltd for AUD1.79bn. Housebuilder Bovis Homes slumped as it warned that volume delivery for the year is expected to be lower than anticipated and that there will be a "modest" reduction in the operating margin. Volume delivery for the year ended 31 December is expected to be between 3,950 and 4,000 homes, depending on the number of legal completions in the remaining days of the year. Discount chain Sports Direct was higher after saying it will sell its Dunlop business to Sumitomo Rubber Industries for $137.5m in cash as part of its strategy to move upmarket. The Dunlop Business currently operates in the UK, Europe, Asia (except Japan, Korea and Taiwan), USA and Canada. For the year to 24 April 2016, it had combined revenue of £42.64m, gross assets of £41.76m and pre-tax profits of £4.06m. Riverstone Energy was in focus after announcing it has invested $93m into its portfolio company Centennial Resource Development (CDEV) as part of a deal to buy independent oil and gas firm Silverback Exploration. Listed infrastructure investment company International Public Partnerships edged up after it acquired a further 3.33% interest in the Gold Coast Light Rail Project from Aveng Group. Online fashion retailer Boohoo.com advanced after saying it has entered into an asset purchase agreement to buy certain intellectual property assets from US retailer Nasty Gal for $20m. On the data front, BBA mortgage approvals are at 0930 GMT while in the US, pending home sales are at 1500 GMT. The Top Stock Picks for 2017 This comprehensive report looks the 10 hottest prospects for the coming 12-months, asks whether 2017 will pick up where 2016 left off, covers the trailblazers, rangers, and a potential comeback king, and provides broker consensus and an average target price for each stock assessed. Download here Losses can exceed deposits Market Movers FTSE 100 (UKX) 7,076.35 0.12% FTSE 250 (MCX) 17,925.82 0.09% techMARK (TASX) 3,354.48 0.05% FTSE 100 - Risers Anglo American (AAL) 1,173.50p 4.26% BHP Billiton (BLT) 1,309.00p 4.10% Fresnillo (FRES) 1,143.00p 2.79% Mondi (MNDI) 1,643.00p 2.37% Glencore (GLEN) 277.05p 2.36% Randgold Resources Ltd. (RRS) 5,970.00p 2.31% Rio Tinto (RIO) 3,128.50p 2.11% Antofagasta (ANTO) 685.50p 1.48% Smurfit Kappa Group (SKG) 1,904.00p 1.38% Old Mutual (OML) 201.20p 1.16% FTSE 100 - Fallers International Consolidated Airlines Group SA (CDI) (IAG) 446.30p -2.38% easyJet (EZJ) 1,016.00p -1.84% Rolls-Royce Holdings (RR.) 669.50p -1.62% Bunzl (BNZL) 2,059.00p -1.39% Taylor Wimpey (TW.) 151.80p -1.36% Schroders (SDR) 2,947.00p -1.27% Hammerson (HMSO) 562.00p -1.23% InterContinental Hotels Group (IHG) 3,558.00p -1.19% Direct Line Insurance Group (DLG) 363.70p -1.11% Persimmon (PSN) 1,746.00p -1.08% FTSE 250 - Risers Hochschild Mining (HOC) 196.20p 4.98% Ferrexpo (FXPO) 138.60p 3.05% Tullow Oil (TLW) 314.90p 2.71% Kaz Minerals (KAZ) 365.20p 2.61% Polymetal International (POLY) 815.00p 2.58% Centamin (DI) (CEY) 131.60p 2.57% Redefine International (RDI) 39.01p 2.44% Ibstock (IBST) 187.00p 2.41% Acacia Mining (ACA) 360.60p 2.18% International Personal Finance (IPF) 168.40p 2.00% FTSE 250 - Fallers Bovis Homes Group (BVS) 813.50p -4.96% John Laing Group (JLG) 270.30p -1.96% Crest Nicholson Holdings (CRST) 456.80p -1.70% Synthomer (SYNT) 374.40p -1.58% Berkeley Group Holdings (The) (BKG) 2,813.00p -1.37% Evraz (EVR) 222.10p -1.33% Auto Trader Group (AUTO) 399.80p -1.26% Polypipe Group (PLP) 315.00p -1.22% Redrow (RDW) 421.00p -1.15% 2016 market review One City commentator provided what may prove the pithiest and most accurate summary of the last 12 months: “2016 – not for the faint-hearted.” Remarkably, he was speaking not at the end of the year but close to its beginning, when the big story was an apparently endless share price crash on the Shanghai stock market, and associated fears that the emerging market boom had very definitely gone bust. Read More... UK Event Calendar Wednesday December 28 INTERIM DIVIDEND PAYMENT DATE Phaunos Timber Fund Ltd. INTERNATIONAL ECONOMIC ANNOUNCEMENTS Pending Homes Sales (US) (15:00) SPECIAL DIVIDEND PAYMENT DATE Canadian General Investments Ltd. Get the inside track on Social/Copy Trading Leading industry professionals David Jones and Tim Morris have created a free weekly newsletter called "The Social Trading Review" which highlights traders worthy of your attention. Every week they publish a fresh review of a Top Trader sent directly to you via the tradesignaller app or email. Reviewing their trading style, preferred markets, risk management and performance to date in a comprehensive report. Sign up and get Trader Focus, with comment from leading traders and a free multi part guide to social trading. Social Trading Review Click Here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks little changed but banks gain; Italy outperforms European stocks were little changed at the open in holiday-thinned volumes, with all eyes firmly on the banking sector as Deutsche Bank and Credit Suisse gained following settlements with the US Department of Justice, and Itlay approved a bailout of Monte dei Paschi. At 0850 GMT, the benchmark Stoxx Europe 600 index, Germany's DAX and France's CAC 40 were all up just 0.1%. Italy's FTSE MIB was outperforming its peers, up 0.8%, with the FTSE Italia All-Share Banks index 1.5% firmer after the Italian cabinet gave the green light to rescue Banca Monte dei Paschi di Siena, as it failed to raise €5bn from private investors. As we head into the Christmas break, volumes on the CAC were 41% lower than the 10-day average, while volumes on the FTSE MIB were a whopping 90% lower and volumes on the DAX were down 12%. Meanwhile, oil prices retreated, with West Texas Intermediate down 0.7% at $52.60 a barrel and Brent crude 0.6% lower at $54.75. It wasn't just Monte dei Paschi in the spotlight in terms of banks on Friday. In London, Barclays was weaker after the US Department of Justice filed a lawsuit against the bank and two of its former executives on civil charges of fraud in the sale of mortgage-backed securities in the run-up to the financial crisis. Barclays said on Friday that it rejects the claims made in the complaint and considers that they are "are disconnected from the facts", adding that it will "vigorously defend the complaint". News about Barclays came as peers Deutsche Bank and Credit Suisse agreed billion-dollar fines with US authorities to settle allegations of mis-selling mortgage-backed securities. Deutsche Bank will pay a $7.2bn fine, while Credit Suisse will fork out $5.3bn. Both stocks were in the black. Naeem Aslam at Think Markets said: "Deutsche bank's agreement is less than what the bank feared and this is music to investors' ears. The amount of $14bn which was initially expected by Deutsche could have put the bank under a lot of strain." Elsewhere, AstraZeneca nudged up after completing an agreement with Pfizer for the sale of the commercialisation and development rights to its late-stage small molecule antibiotics business, comprising the approved antibiotics Merrem, Zinforo and Zavicefta, and ATM-AVI and CXL, which are in clinical development. Investors were also digesting the latest monthly survey from market research group GfK, which showed German consumer sentiment is expected to remain positive into next year. The overall consumer climate index is forecast to nudge up to 9.9 points in January from 9.8 points in December, beating economists' expectations for it to be unchanged. "Consumers seem to be totally immune to a series of risk factors, such as the outcome of the US elections, Brexit, the flare-up in the financial crisis in Italy following the failed referendum and the resignation of Prime Minister Renzi, and the persistently high terror threat," GfK said. Having fallen for three months in a row, the economic expectations sub-index increased to 16.4 points in December from 15.3 the month before. Meanwhile, the index for Income expectations rose 11.1 points to 55.6, driven by the excellent condition of the labour market. Seize the opportunity: a time-limited high-yielding prospect in the UK renewables market The UK Government has a current renewable energy incentive scheme is on its way. FRE plc has locked in pre-accredited tariff income for the next 20 years. Our secured bonds are paying fixed returns of 7-11% over 3-5 years. Invest in the energy of the future – today (capital at risk.) Tell me more Newspaper Round Up Wednesday newspaper round-up: BHS, house prices, Co-op, Monte dei Paschi A hardship charity once chaired by Charles Dickens has been overwhelmed with requests for support from struggling shopworkers in the months since the collapse of BHS. The failure of the department store chain earlier this year, which triggered 11,000 job losses, has led to a record number of applications to the Fashion and Textile Children's Trust for help. - Guardian House prices will rise by between 1% and 4% in 2017, according to Halifax's annual forecast, marking a sharp deceleration from 2016, as it raised the prospect of falling prices in London. Britain's biggest mortgage lender said a slowdown in economic growth, potential rises in unemployment and pressure on household incomes will put a brake on the property market after several years of growth. - Guardian Co-op plans to spend £70m to open 100 stores across the UK next year, as its larger supermarket rivals shelve growth plans amid retail market jitters. The Co-op said the new convenience outlets would be predominantly based across London and the South East, with five stores opening in the capital before the end of March. - Telegraph Royal Bank of Scotland is braced for the Bank of England to order an independent inquiry into its plans to offload Williams & Glyn (W&G), the 314-branch network the state-backed lender has been struggling to divest for more than seven years. It is understood the Prudential Regulation Authority (PRA), the arm of the Bank that oversees financial stability, has held discussions with RBS about potentially starting a skilled persons report, also known as a section 166 report, if the lender decides to sell W&G to either challenger bank CYBG or Santander. - Telegraph London house prices will stall next year as slowing growth and higher inflation eat into household incomes, according to the annual survey of 48 leading economists by The Times. After years of runaway growth that has seen the average price of a home in the capital soar from £294,000 before the crisis to £474,000, the majority of the respondents expect London prices to flatline or contract in 2017. - The Times Discover a new way to trade with eToro Trade 1000s of markets independently, connect with millions of other traders and copy top performing traders move-for-move. 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