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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 fall after reports of blasts in Belgium UK stocks declined on Tuesday after reports of explosions in Belgium sent ripples through the market.
At least 10 people were killed and about 30 injured after two explosions rocked Brussels' Zaventem airport in the morning.
Airport authorities confirmed the explosions, adding that flights had been suspended and all buildings evacuated.
There were also reports of a blast at the city centre's Maalbeek Metro station. AP reported that several people were injured.
Airline stocks plunged in response to the reports with International Consolidated Airlines, easyJet, TUI AG, Thomas Cook Group and Wizz Air among the biggest fallers in morning trade.
"Investors will be fearful of the knock-on to European traveller sentiment which was clearly dented in the wake of the Parisian attacks last November (as well as those in Tunisia and Egypt)," said Mike van Dulken, head of research at Accendo Markets.
Meanwhile, investors were also awaiting UK inflation figures at 0930 GMT. The consumer price index is expected to have risen 0.4% in February compared to the same time a year ago, marking an improvement on the previous month's 0.3% year-on-year gain.
On a month-on-month comparison, CPI is forecast to have increased 0.4% in February compared to a 0.8% decline in January.
Tuesday's agenda also includes the release of ZEW's German economic sentiment index at 1000 GMT, US house price data at 1300 GMT and Markit's US manufacturing purchasing managers' index at 1345 GMT.
In company news, IG Group gained after posting an 18% rise in third-quarter revenue and saying it was entering the fourth quarter in a strong position.
Wolseley slumped as the plumbing and heating products group stressed the resilience of its first-half performance, as it rode out mixed market conditions and sustained deflationary headwinds in the USA, UK and Europe.
Bellway advanced as it reported a 42.6% jump in pre-tax profit for the six months to the end of January. |
| | Which way will the major markets be heading in 2016? | | Click here to Download the FREE 2016 Market Mover Report |
| Market Movers
FTSE 100 (UKX) 6,126.82 -0.93%
FTSE 250 (MCX) 16,737.80 -0.74%
techMARK (TASX) 3,054.79 -0.74%
FTSE 100 - Risers
Fresnillo (FRES) 1,000.00p 1.99%
Randgold Resources Ltd. (RRS) 6,515.00p 1.24%
SABMiller (SAB) 4,251.50p 0.40%
Rexam (REX) 626.50p 0.40%
Paddy Power Betfair (PPB) 9,060.00p 0.39%
Mediclinic International (MDC) 858.50p 0.18%
BP (BP.) 356.70p 0.14%
BHP Billiton (BLT) 819.00p -0.06%
Johnson Matthey (JMAT) 2,596.00p -0.12%
RSA Insurance Group (RSA) 467.80p -0.15%
FTSE 100 - Fallers
International Consolidated Airlines Group SA (CDI) (IAG) 534.00p -4.30%
easyJet (EZJ) 1,442.00p -3.93%
TUI AG Reg Shs (DI) (TUI) 967.50p -3.54%
Carnival (CCL) 3,404.00p -3.08%
InterContinental Hotels Group (IHG) 2,735.00p -2.84%
Merlin Entertainments (MERL) 447.70p -2.38%
Barclays (BARC) 156.85p -2.27%
London Stock Exchange Group (LSE) 2,763.00p -2.13%
Capita (CPI) 1,025.00p -2.10%
Whitbread (WTB) 3,872.00p -1.93%
FTSE 250 - Risers
SVG Capital (SVI) 503.00p 2.30%
Centamin (DI) (CEY) 91.10p 2.07%
Bellway (BWY) 2,521.00p 1.94%
IG Group Holdings (IGG) 770.00p 1.92%
Petrofac Ltd. (PFC) 935.50p 1.68%
Cairn Energy (CNE) 208.90p 1.31%
SSP Group (SSPG) 290.40p 1.18%
CLS Holdings (CLI) 1,546.00p 1.05%
Croda International (CRDA) 2,990.00p 1.01%
Acacia Mining (ACA) 272.70p 1.00%
FTSE 250 - Fallers
Thomas Cook Group (TCG) 87.35p -5.57%
Sports Direct International (SPD) 401.80p -5.19%
Aberdeen Asset Management (ADN) 276.60p -2.95%
Wizz Air Holdings (WIZZ) 1,780.00p -2.89%
Lookers (LOOK) 158.10p -2.71%
Stagecoach Group (SGC) 251.10p -2.37%
BBA Aviation (BBA) 195.70p -2.35%
Virgin Money Holdings (UK) (VM.) 357.30p -2.32%
FirstGroup (FGP) 91.80p -2.18% |
| | UK Event Calendar | | Tuesday 22 March
INTERIMS
Bellway, Haydale Graphene Industries, Infrastrata, Wolseley, Xeros Technology Group
INTERIM DIVIDEND PAYMENT DATE
Rank Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
House Price Index (US) (13:00)
IFO Business Climate (GER) (09:00)
IFO Current Assessment (GER) (09:00)
IFO Expectations (GER) (09:00)
FINALS
888 Holdings, Augean, e-Therapeutics, Gamma Communications, Gulf Marine Services, Hydrogen Group, IFG Group, IQE, Jimmy Choo , Johnston Press, NAHL Group, S&U, Science In Sport, Source BioScience, Synairgen, Synety Group, Toumaz Limited
ANNUAL REPORT
Synety Group
AGMS
Ediston Property Investment Company, Electronic Data Processing, Wynnstay Group
TRADING ANNOUNCEMENTS
Thomas Cook Group, United Utilities Group
UK ECONOMIC ANNOUNCEMENTS
Consumer Price Index (09:30)
Producer Price Index (09:30)
Retail Price Index (09:30)
FINAL DIVIDEND PAYMENT DATE
Judges Scientific, New Europe Property Investments
|
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| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks in the red after Belgium explosions European stocks fell in early trade, with travel and leisure issues under pressure following explosions at Zaventem airport in Brussels which have left several people dead and others injured.
At 0900 GMT, the benchmark Stoxx Europe 600 index, Germany's DAX and France's CAC 40 were all 1.1% lower.
The mood was sombre as market participants took in news of the events in Brussels. Belgian broadcaster RTBF, citing a hospital source, said up to 10 people died and 30 were wounded in the explosions.
There were also reports of an explosion at Maalbeek metro station in Brussels, close to the city's EU institutions. The entire metro system has now been shut down and the Belgian capital is on its highest state of terror alert.
The explosions came just days after the arrest in Brussels of a suspected participant in the November terror attacks that killed 130 people in Paris.
Safe haven assets rose in response, with the yen, gold and government bonds all making gains, while the Stoxx 600 travel & leisure index slid 2.4%.
Gold on Comex was up 1.1% to $1,258.30 an ounce while the yield on the 10-year German Bund was four basis points lower. Yields move inversely to prices.
The yen was 0.5% firmer against the dollar and 0.9% stronger versus the euro.
"Investors will be fearful of the knock-on to European traveller sentiment which was clearly dented in the wake of the Parisian attacks last November (as well as those in Tunisia and Egypt)," said Mike van Dulken, head of research at Accendo Markets.
"It's always a sad day when terrorism has to be the driver to kick markets from their state of calm. It's also a sign of times when the market response is - in relative terms - so muted. Investors have had to develop a thick skin for such horrific events over the years and their encouraging defiance may again result in near-term recovery for the stocks affected."
Oil prices were in the red. West Texas Intermediate was down 0.5% to $41.32 a barrel and Brent crude was off 0.6% at $41.30.
A senior OPEC delegate has said Saudi Arabia was prepared to sign up to an oil output freeze next month even if Iran does not take part.
In corporate news, Thomas Cook shares were sharply lower after the holiday operator said it was "operating in a volatile market environment" and cautioned that summer bookings will be below the previous year following terrorist attacks in Turkey and Egypt. |
| | Award winning Barclays Stockbrokers Investment ISA | | Use your ISA allowance by 5 April 2016. You don't have to make investment choices straight away - as long as you have the cash in place, that’s enough to secure the tax benefits of this year’s allowances.
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| | US Market Report | | US close: Markets eke out gains amid quieter trading US stocks eked out gains during a relatively quiet trading session on Monday, with telecommunications and healthcare stocks leading the risers.
The S&P 500 finished up 0.1% at 2,051.60, the Dow Jones Industrial Average closed up 0.12% at 17,623.87, and the Nasdaq ended the day up 0.28% at 4,808.87.
Oil rose during the US session remaining well above the $40 mark, with Brent crude last up 0.99% at $41.61 per barrel and West Texas Intermediate up 1.32% at $41.69.
Treasury yields also rose, with the two year touching close to 0.87% and the 10 year at 1.92%.
On the economic front, existing home sales declined to their lowest level since November in February, to an annual rate of 5.08 million units.
After that worse-than-expected data, Goldman Sachs lowered its first quarter GDP growth forecast by 0.1 percentage points to 2.3%.
The Chicago Fed national activity index was also published before the markets opened, with the measure going to -0.29 in February from -0.41 in January.
Of the S&P 500 advancers, telecommunications and healthcare led while materials and energy dragged. On the Dow Jones industrials, Boeing and Nike were at the top of the list while Chevron, Goldman Sachs and Walt Disney featured among the biggest fallers.
The Nasdaq composite saw Gilead Sciences and Microsoft among the leaders, with Apple also gaining 0.5% after unveiling a new, low-cost iPhone and a 9.7 inch tablet at a launch event.
Veleant Pharmaceuticals closed up 7.4%, paring back earlier gains after it announced the departure of CEO Mike Pearson. It was still off 70% in the year to date.
Citigroup also closed 0.14% higher after touching gains as high as 1%. A note from KBW, published on Sunday, said Citi "could be one of the only US (global systematically important banks) that could successfully split up".
The greenback traded generally higher during the session. It was last 0.39% stronger against the yen at JPY 111.98, 0.26% ahead on the common currency at $1.1241 per euro, and 0.74% closer to sterling at $1.4369 per pound.
US markets have a short week, with floors closed on Good Friday.
S&P 500 - Risers
Genworth Financial Inc. (GNW) $3.26 +7.59%
Starwood Hotels & Resorts Worldwide Inc. (HOT) $84.19 +4.49%
Paypal Holdings Inc (PYPL) $41.14 +4.39%
Micron Technology Inc. (MU) $11.53 +3.50%
FLIR Systems Inc. (FLIR) $33.36 +2.77%
Nike Inc. (NKE) $64.72 +2.75%
Gilead Sciences Inc. (GILD) $92.67 +2.66%
PVH Corp. (PVH) $90.57 +2.59%
Celgene Corp. (CELG) $101.14 +2.41%
eBay Inc. (EBAY) $24.34 +2.40%
S&P 500 - Fallers
Sherwin-Williams Co. (SHW) $273.29 -5.33%
Wyndham Worldwide Corp. (WYN) $77.07 -4.60%
Williams Companies Inc. (WMB) $17.35 -4.41%
Cabot Oil & Gas Corp. (COG) $21.79 -4.30%
United States Steel Corp. (X) $15.15 -3.87%
ONEOK Inc. (OKE) $29.69 -3.67%
EQT Corp. (EQT) $63.33 -3.67%
Endo International Plc (ENDP) $28.84 -3.35%
Staples Inc. (SPLS) $9.69 -3.10%
Range Resources Corp. (RRC) $32.93 -3.00%
Dow Jones I.A - Risers
Nike Inc. (NKE) $64.72 +2.75%
Pfizer Inc. (PFE) $30.07 +2.11%
Wal-Mart Stores Inc. (WMT) $67.97 +1.52%
Boeing Co. (BA) $135.86 +1.42%
Merck & Co. Inc. (MRK) $52.80 +1.05%
International Business Machines Corp. (IBM) $148.63 +1.05%
Microsoft Corp. (MSFT) $53.86 +0.69%
Caterpillar Inc. (CAT) $75.89 +0.56%
General Electric Co. (GE) $31.09 +0.55%
Verizon Communications Inc. (VZ) $53.44 +0.38%
Dow Jones I.A - Fallers
Chevron Corp. (CVX) $96.44 -1.28%
Intel Corp. (INTC) $32.34 -1.04%
Goldman Sachs Group Inc. (GS) $156.29 -0.83%
Walt Disney Co. (DIS) $98.46 -0.75%
Exxon Mobil Corp. (XOM) $83.62 -0.69%
Cisco Systems Inc. (CSCO) $28.19 -0.49%
E.I. du Pont de Nemours and Co. (DD) $64.57 -0.45%
3M Co. (MMM) $164.84 -0.30%
Home Depot Inc. (HD) $131.01 -0.26%
McDonald's Corp. (MCD) $123.81 -0.22%
Nasdaq 100 - Risers
Incyte Corp. (INCY) $68.61 +5.44%
Ctrip.Com International Ltd. Ads (CTRP) $45.16 +3.77%
Micron Technology Inc. (MU) $11.53 +3.50%
Illumina Inc. (ILMN) $155.13 +3.25%
Gilead Sciences Inc. (GILD) $92.67 +2.66%
Celgene Corp. (CELG) $101.14 +2.41%
eBay Inc. (EBAY) $24.34 +2.40%
Tesla Motors Inc (TSLA) $238.32 +2.40%
TripAdvisor Inc. (TRIP) $65.71 +2.18%
Biogen Inc (BIIB) $256.04 +2.10%
Nasdaq 100 - Fallers
Biomarin Pharmaceutical Inc. (BMRN) $78.19 -3.40%
Endo International Plc (ENDP) $28.84 -3.35%
Dish Network Corp. (DISH) $48.29 -1.71%
Vimpelcom Ltd Ads (VIP) $4.06 -1.69%
NetApp Inc. (NTAP) $26.79 -1.65%
Monster Beverage Corp (MNST) $134.52 -1.47%
Ross Stores Inc. (ROST) $58.43 -1.47%
Viacom Inc. Class B (VIAB) $40.96 -1.21%
Fiserv Inc. (FISV) $100.42 -1.14% |
| | Award winning Barclays Stockbrokers Investment ISA | | Use your ISA allowance by 5 April 2016. You don't have to make investment choices straight away - as long as you have the cash in place, that’s enough to secure the tax benefits of this year’s allowances.
The value of investments can fall, tax rules may change and their effects depend on individual circumstances.
Find out more about a Barclays Stockbrokers Investment ISA |
| | Newspaper Round Up | | Tuesday newspaper round-up: Sports Direct, Brexit, gender pay gap Investors have suffered losses of at least $150bn in the value of oil and gas company bonds, as the slump in crude prices since the summer of 2014 has fuelled fears of a wave of defaults in the US and emerging markets. The 300 largest global oil and gas companies have also seen $2.3tn sliced from their stock market value over the same period, a 39 per cent slide since oil began its decline, an analysis by the Financial Times has found. - Financial Times
It is bizarre that anyone still bothers to claim to have agreed a "merger of equals" when the concept has been shown time and again to be either a public-relations-driven fantasy or an all-too-real disaster. Yet here comes another one, hot on the heels of the London Stock Exchange and Deutsche Boerse. The latest to adopt the pose, the business information providers Markit and IHS, are less equal than most. Following the $13bn (£9bn) combination, shareholders in Nasdaq-listed, London-based Markit will hold only 43pc of equity. Conveniently enough, IHS shareholders' 57pc falls just short of the 60pc threshold that would trigger the US Treasury's clampdown on tax inversion deals. - Telegraph
Sports Direct boss Mike Ashley has lambasted politicians after snubbing a formal summons to attend a grilling by MPs in Parliament over working conditions at the retailer. The Business, Innovation and Skills committee last week ordered the sportswear tycoon to appear at cross-party hearing on June 7 afterMr Ashley declined repeated invitations to respond to questions about zero-hours contracts. - Telegraph
Britain's biggest companies could face a credit downgrade - potentially forcing up their borrowing costs - should the UK vote to leave the EU in June, according to a report by a leading ratings agency. Moody's said the prospect of lengthy and uncertain negotiations would deter foreign investors and limit the profits of mainstream corporations that trade with the rest of the EU. But banking and insurance would be less affected than non-financial companies. - Guardian
The government should make all jobs flexible and introduce an industrial strategy for low-paid women's jobs to act on its pledge to close the gender pay gap, MPs will say. The 19.2% gap between men's and women's pay has barely improved in the past four years despite the government's pledge to eradicate it within a generation, the women and equalities select committee will say in a report published on Tuesday. The gap for full- and part-time workers means on average a woman earns about 80p for every £1 earned by a man. - Guardian
Mike Ashley admitted yesterday that Sports Direct was in trouble, blaming MPs for creating a spiral of negative publicity surrounding the company. Mr Ashley told The Times he had concerns that the sportswear retailer, which employs about 18,000 people in Britain, was losing momentum and said that he would refuse to appear before a Commons select committee in June. - The Times
It was the crisis that dealt a "final blow to Britain's self-image as a world power to be reckoned with". Now a Bank of England policymaker has warned that Britain could face another Suez-style crisis in the run-up to the European Union referendum. Kristin Forbes, an external member of the Bank's monetary policy committee, made the comparison in a speech in London yesterday, in which she said that the UK's heavy dependence on foreign financing c0uld make it vulnerable in the face of a possible Brexit. - The Times |
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