| | | | | FREE Guide - Learn a winning Strategy | | Learn the SIMPLE strategy that has made 23620 pips since Jan 2013.
In the last month I have made over 1,900 pips – Lisa Beaney (Trendsignal Client)
Click here and get your FREE Strategy Guide NOW | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Rolls-Royce and banks lead FTSE bounce Led by a relief rally in Rolls-Royce and banking stocks, shares in the UK's blue chips threw off the negative market sentiment and bounced back strongly after hitting three-year lows the day before.
Overnight, US stocks lost more than 1% while in Asia the Nikkei capped its worst week, closing down 4.84%, and the Hang Seng ended 1.22% lower.
However, the UK benchmark was driven higher as Rolls-Royce rallied by an initial 13% after the aircraft engine maker kept its 2016 guidance unchanged and halved its dividend, with 2015 profits and cash flow not as bad as analysts had feared.
After a precipitous fall on Thursday morning, banking stocks rebounded, helped by a reassuring surge from Germany's Commerzbank as it latest quarterly results impressed.
German GDP also allayed some fears about Deutsche Bank as it hit its target 0.3% growth mark, with CPI inflation also in line at 0.5%.
Another possible boost for the financial sector was the vote of confidence from JP Morgan chief executive Jamie Dimon as he splashed out on $26m worth of the bank's shares.
Firmer oil prices were another stimulant, boosted by comments from Saudi Arabia's energy minister that have fuelled hopes of a coordinated production cut by OPEC members.
West Texas Intermediate was up 3% at $26.99 a barrel while Brent crude was 2.9% higher at $30.94, helping to push the Stoxx 600 oil and gas index up 2.9%.
"As another nerve shredding week draws to a close there appears to be some mild relief for investors as equities try to drive higher," said Mike McCudden at broker Interactive Investor.
"However, it may take some time before investors are truly convinced that a move back in to riskier assets is worthwhile, as the market turmoil emanating from Asia and the euro zone shows no sign of going away any time soon. With a raft of economic data due today as well as an Ecofin meeting, we may yet see some more turbulence as we head in to the weekend break."
Data out later today includes UK December construction output, European December industrial production, EC updated fourth quarter GDP, and in the US the major data point of the day could be January's US retail sales numbers, where expectations are for no change over the month after a 0.1% decline in December. December business inventories and flash February University of Michigan consumer sentiment are also due.
UK larger-cap company news was thin on the ground, with the main faller being clothes retailer Supergroup, after founder Julian Dunkerton cut his stake.
Reports were that Dunkerton sold the 4.9% stake worth £53m, his first share sale since the fashion retailer listed on the stock market six years ago, in order to fund a recent divorce settlement. |
| | Fully Tradable 8% 2020 bond | | ISA, SIPP & SSAS eligible. Independently assessed by top 4 international advisors
ISSUED TODAY. Click here find out more. |
| Market Movers
FTSE 100 (UKX) 5,611.07 1.34%
FTSE 250 (MCX) 15,276.93 0.65%
techMARK (TASX) 2,893.09 0.65%
FTSE 100 - Risers
Rolls-Royce Holdings (RR.) 586.00p 10.57%
Anglo American (AAL) 340.50p 7.77%
Standard Chartered (STAN) 409.70p 5.96%
Worldpay Group (WI) (WPG) 285.00p 5.56%
Glencore (GLEN) 91.89p 4.80%
BHP Billiton (BLT) 661.10p 4.26%
Barclays (BARC) 153.85p 4.06%
Berkeley Group Holdings (The) (BKG) 3,130.00p 3.78%
Rio Tinto (RIO) 1,762.50p 3.37%
Provident Financial (PFG) 2,899.00p 3.20%
FTSE 100 - Fallers
Persimmon (PSN) 1,861.00p -0.59%
Relx plc (REL) 1,128.00p -0.35%
BT Group (BT.A) 448.95p -0.33%
Sky (SKY) 974.00p -0.20%
Imperial Brands (IMB) 3,581.00p -0.18%
Taylor Wimpey (TW.) 168.60p -0.12%
British American Tobacco (BATS) 3,678.00p -0.08%
SABMiller (SAB) 4,131.00p -0.05%
Barratt Developments (BDEV) 542.50p -0.00%
National Grid (NG.) 932.40p 0.05%
FTSE 250 - Risers
Berendsen (BRSN) 1,111.00p 4.32%
Cairn Energy (CNE) 146.00p 3.99%
Weir Group (WEIR) 822.50p 3.92%
Tullow Oil (TLW) 152.80p 3.66%
Investec (INVP) 416.10p 3.33%
Petrofac Ltd. (PFC) 695.50p 3.19%
Senior (SNR) 198.70p 2.90%
Evraz (EVR) 66.45p 2.78%
Zoopla Property Group (WI) (ZPLA) 216.10p 2.66%
Home Retail Group (HOME) 150.90p 2.65%
FTSE 250 - Fallers
Supergroup (SGP) 1,217.00p -8.43%
Henderson Group (HGG) 213.00p -7.03%
AO World (AO.) 158.60p -2.70%
Tritax Big Box Reit (BBOX) 124.10p -2.59%
Atkins (WS) (ATK) 1,160.00p -2.27%
Allied Minds (ALM) 302.70p -2.04%
CLS Holdings (CLI) 1,380.00p -1.99%
Fidelity China Special Situations (FCSS) 109.00p -1.36%
Ibstock (IBST) 202.00p -1.17% |
| | Friday 12 February INTERIMS
Monitise INTERIM DIVIDEND PAYMENT DATE
Consort Medical, QinetiQ Group QUARTERLY PAYMENT DATE
British Land Company, Marsh & Mclennan Cos Inc. FINALS
Holders Technology, Rolls-Royce Holdings AGMS
GCP Infrastructure Investments Ltd FINAL DIVIDEND PAYMENT DATE
Connect Group, Daily Mail and General Trust A (Non.V), Dunedin Smaller Companies Inv Trust, Grainger, Octopus VCT 3, Octopus VCT 4, Patisserie Holdings , Schroder UK Mid Cap Fund, Shaftesbury, Tracsis |
| | GET SHARES FOR JUST £1 A WEEK Are you sure that you’re getting the very best market insight for your needs? Let the experts at SHARES show you how to make informed investments that make the most of your money. Click here |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks bounce bank as Commerzbank, Rolls-Royce surge European stocks rose on Friday, bouncing back from heavy losses in the previous session as investors cheered results from the likes of Commerzbank and Rolls-Royce.
At 0900 GMT, the benchmark Stoxx Europe 600 index was up 1.8%, Germany's DAX was 1% higher and France's CAC 40 was up 1.1%.
"European markets are ready to recover some of the losses after being battered badly throughout this week," said Naeem Aslam, chief market analyst at AvaTrade.
"Traders are thinking enough is enough and let's bag some bargains and this is despite the fact that we had a heavy selloff over in Asia."
However, Aslam cautioned that it was too early to tell whether the downward spiral for the global equity market was coming to an. "The bounce which we may experience may not last for long, as investors are apprehensive about the banking sector due to the low interest rate environment and feeble growth."
Meanwhile, oil prices were firmer, boosted by comments from Saudi Arabia's energy minister, which fuelled hopes of a coordinated production cut by OPEC members.
West Texas Intermediate was up 3% at $26.99 a barrel while Brent crude was 2.9% higher at $30.94, helping to push the Stoxx 600 oil and gas index up 2.9%.
On the corporate front, shares in German lender Commerzbank surged on Friday as it swung back to a profit in the fourth quarter and announced a dividend. The Stoxx 600 banks index added 2.6%.
Aerospace and defence group Rolls-Royce rocketed in London despite halving its dividend, as it maintained its 2016 outlook and posted slightly better than expected underlying full year profits.
Renault advanced 2.4% after reporting a 44% jump in annual profit that beat analysts' expectations.
Data released earlier by Destatis showed gross domestic product in Germany grew 0.3% in the fourth quarter, in line with the previous quarter and economists' expectations.
The overall rate of growth for 2015 was 1.7%, while unadjusted figures showed the economy grew 2.1% on the year, missing economists' expectations for 2.3%.
"A surprisingly strong report, with government spending and construction likely the key drivers of the increase in GDP, offsetting weakness in manufacturing, net exports and consumers' spending," said Pantheon Macroeconomics.
Still to come on the macroeconomic front, the flash release of fourth quarter Eurozone GDP and industrial production are at 1000 GMT. In the US, the import price index and retail sales are at 1330 GMT. |
| | Learn how the experts trade FOREX - FREE London Course | | Join us at the The FX Method in London, January 15th 2016 - A one day intensive trading course for both advanced traders and beginners. Learn a unique approach to combining Trading Systems and Strategies to gain an important Trading Edge. Register for your FREE Ticket |
| | US Market Report | | US close: Stocks end down but well off lows as oil recovers US stocks ended down but well off lows on Thursday as oil prices recovered following a media report that OPEC may cut oil production.
The Dow Jones Industrial Average closed down 1.6%, the Nasdaq fell 0.4% and the S&P 500 finished 1.2% weaker.
Federal Reserve chair Janet Yellen on Wednesday said in a prepared speech that financial conditions have become less supportive of economic growth, the slowdown in China could weigh further on the US and the outlook for inflation is falling.
"It's not all rosy in Yellen's eyes. Market volatility is a major consideration," said IG market strategist Bernard Aw.
While she did not specifically address interest rates, her remarks were seen to suggest that the next increase to the benchmark rate was a while off.
Oil prices stabilised after falling to their lowest levels since 2003, following a report in the Wall Street Journal suggesting OPEC members may be willing to cooperate on a production cut. By the time of the US close, West Texas Intermediate was down 0.7% at $27.27 a barrel and Brent was up 1.5% at $31.31.
On the data front, figures released by the Labor Department showed initial jobless claims fell by 16,000 to 269,000 in the week ending 5 February, beating economists' expectations of 281,000 and marking the lowest level in almost two months.
Banks suffered heavy losses, with Bank of America, Goldman Sachs and JPMorgan all firmly in the red amid concerns over whether they will be able to cope with low interest rates, which make it more difficult for banks to make a profit on their lending.
Elsewhere, Twitter was under the cosh after it reported flat growth in users for the fourth quarter on Wednesday night.
General and specialty drug company Mylan tumbled after announcing that it has agreed to buy Sweden's Meda AB for $7.2bn.
Boeing slumped following reports that regulators are probing its accounting.
There were several bright spots, however.
Cisco Systems jumped after second quarter results announced after the close beat expectations.
Tesla Motors rose after it reassured the market that it was on track with the development of its long-awaited Model 3.
TripAdvisor was sharply higher after its fourth quarter revenue beat expectations, while Expedia Inc. also gained after it posted forecast-beating fourth quarter earnings and said it expects earnings to grow as much as 45% in 2016.
The dollar was up 0.4% against the pound, but down 0.4% versus the euro 1% against the yen.
S&P 500 - Risers
TripAdvisor Inc. (TRIP) $61.08 +12.38%
CenturyLink Inc. (CTL) $27.29 +10.98%
Cisco Systems Inc. (CSCO) $24.68 +9.64%
Expedia Inc. (EXPE) $103.38 +9.57%
Realty Income Corp. (O) $60.12 +5.88%
Mosaic Company (MOS) $24.75 +5.68%
O'Reilly Automotive Inc. (ORLY) $249.42 +5.37%
Chesapeake Energy Corp. (CHK) $1.78 +4.71%
CF Industries Holdings Inc. (CF) $29.04 +4.35%
Kellogg Co. (K) $73.69 +3.99%
S&P 500 - Fallers
Peabody Energy Corp. (BTU) $2.36 -29.76%
Mylan Inc. (MYL) $41.42 -18.05%
International Flavors & Fragrances Inc. (IFF) $100.49 -12.87%
NRG Energy Inc. (NRG) $9.59 -10.37%
Lincoln National Corp. (LNC) $30.78 -10.21%
Prudential Fincl Inc. (PRU) $58.00 -9.46%
Genworth Financial Inc. (GNW) $1.61 -6.94%
Bank of America Corp. (BAC) $11.16 -6.84%
Unum Group (UNM) $24.07 -6.81%
Boeing Co. (BA) $108.44 -6.81%
Dow Jones I.A - Risers
Cisco Systems Inc. (CSCO) $24.68 +9.64%
Walt Disney Co. (DIS) $90.31 +1.64%
Exxon Mobil Corp. (XOM) $79.60 +0.32%
Dow Jones I.A - Fallers
Boeing Co. (BA) $108.44 -6.81%
Goldman Sachs Group Inc. (GS) $140.69 -4.44%
JP Morgan Chase & Co. (JPM) $53.07 -4.41%
General Electric Co. (GE) $27.45 -3.00%
United Technologies Corp. (UTX) $84.66 -2.64%
Nike Inc. (NKE) $56.00 -2.46%
Visa Inc. (V) $68.47 -2.39%
American Express Co. (AXP) $51.11 -2.26%
E.I. du Pont de Nemours and Co. (DD) $56.62 -2.23%
Procter & Gamble Co. (PG) $79.90 -2.11%
Nasdaq 100 - Risers
TripAdvisor Inc. (TRIP) $61.08 +12.38%
Cisco Systems Inc. (CSCO) $24.68 +9.64%
O'Reilly Automotive Inc. (ORLY) $249.42 +5.37%
Tesla Motors Inc (TSLA) $150.58 +4.81%
Dish Network Corp. (DISH) $41.55 +4.63%
Liberty Interactive Corporation - Series A Liberty Ventures (LVNTA) $35.40 +4.30%
Viacom Inc. Class B (VIAB) $32.26 +2.80%
Maxim Integrated Products Inc. (MXIM) $32.00 +2.73%
Amazon.Com Inc. (AMZN) $503.82 +2.72%
Akamai Technologies Inc. (AKAM) $49.14 +2.46%
Mylan Inc. (MYL) $41.42 -18.05%
Incyte Corp. (INCY) $65.53 -9.38%
Endo International Plc (ENDP) $48.49 -4.92%
Seagate Technology Plc (STX) $29.03 -3.84%
Celgene Corp. (CELG) $99.59 -3.46%
Bed Bath & Beyond Inc. (BBBY) $42.19 -2.94%
NetApp Inc. (NTAP) $21.73 -2.90%
Biogen Inc (BIIB) $245.05 -2.84%
Alexion Pharmaceuticals Inc. (ALXN) $135.27 -2.56% |
| | Pick up an eBook for trading tips and improved knowledge! | | Knowledge is power when trading, and 24option’s eBook is a great resource for you to refer to again and again as you go along. Gain advice on how to create a trading strategy and choose your trades.
Access your eBook today Your capital is at risk. |
| | Newspaper Round Up | | Friday newspaper round-up: SuperGroup, Google, Sainsbury's, Barclays Jamie Dimon has tried to put out a fire in financials stocks, spending more than $26m to buy half a million shares in JPMorgan Chase, the bank he has run for a decade. The purchase - confirmed in a filing on Thursday evening - is the first big open-market purchase Mr Dimon has made since the "London Whale" scandal four years ago, when the bank's shares were knocked by the disclosure that a trading desk had racked up billions of dollars of losses. - Financial Times
SuperGroup founder Julian Dunkerton is selling a 4.9pc stake worth £53m in his first share sale since the fashion retailer listed on the stock market six years ago. It is understood that Mr Dunkerton is selling 4m shares to fund a recent divorce settlement. - Telegraph
Starwood Hotels & Resorts is to take its W Hotels brand to Scotland after agreeing a deal to operate a new hotel being built in Edinburgh city centre. The company will open a hotel with around 200 rooms in the redevelopment of the St James shopping centre, which is being built by TH Real Estate. Martin Perry, development director for TH Real Estate, confirmed that the company was in talks with a hotel operator. - Telegraph
Google's executives have been accused of being out of touch with reality after the company's most senior UK-based executive was unable to tell MPs how much he earned. Matt Brittin appeared before the public accounts committee on Thursday to be questioned alongside senior tax officials about £130m in back taxes that Google agreed to pay in a deal announced last month. - Guardian
The former boss of Sainsbury's has waded into the row over the tax paid by multinationals such as Amazon and eBay, saying it was unfair that that traditional retailers must pay huge rates bills for services such as roads and waste collection, while their online rivals paid little but received the same benefits. Business rates, said Justin King, are a bigger problem for British retailers than the corporation tax scandal. - Guardian
The builder of the £18 billion Hinkley Point C nuclear power station is to tell its main contractor Areva to look at subcontracting major works for the plant to specialist British steelworks such as Sheffield Forgemasters, The Times has learnt. It is understood that EDF, the French state-owned energy company that is building Hinkley Point in return for government-backed susbsidised fuel prices, is revisiting its supply chain decisions after a row at Westminster in which the industry minister claimed British industries were incapable of taking on the work. - The Times
Fraud investigators are examining the activities of a Barclays hedge fund that is alleged to have profited from using confidential information to make large profits on Libor "low-balling" at the height of the financial crisis. The Serious Fraud Office is looking at the Ricardo Master Fund as part of its Libor-rigging investigation amid claims that the Barclays-owned vehicle was involved in the rate manipulation scandal. - 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 | |
No comments:
Post a Comment