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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: Miners lead UK equities lower UK equities were in the red on Thursday with mining stocks leading the decline as oil and copper prices dropped.
Anglo American, BHP Billiton, Glencore and Rio Tinto were among the biggest fallers on the FTSE 100 after copper prices fell 0.66% to $217.55 per pound on the Comex and oil prices reversed the previous day's gains.
Brent crude decreased 0.77% to $38.96 per barrel and West Texas Intermediate slid 1.2% to $37.85 per barrel at 0857 BST.
Meanwhile, traders will be kept busy on Thursday with a raft of economic data.
GfK's UK consumer confidence index held at 0 in March, beating expectations for a reading of 0.
"Despite good economic headlines about low inflation, interest rates and prices in the shops, concerns about Brexit and the ongoing euro zone crisis appear to be hitting home," Joe Staton, head of market dynamics at GfK said.
Still to come, UK gross domestic product at 0930 BST, Eurozone inflation at 1000 BST, US initial jobless claims at 1330 BST and Chicago purchasing managers' index at 1445 BST.
In company news, TUI's shares jumped after the travel group informed investors that overall demand and pricing for holidays has remained resilient in the first half of its financial year.
Carnival rallied a day after reporting first quarter sales and earnings that beat forecasts and raising its guidance for the full year.
AO World gained after saying that it enjoyed a better fourth quarter than it expected. |
| | 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  |
| Market Movers
FTSE 100 (UKX) 6,164.74 -0.62%
FTSE 250 (MCX) 16,916.03 -0.35%
techMARK (TASX) 3,126.21 -0.21%
FTSE 100 - Risers
TUI AG Reg Shs (DI) (TUI) 1,073.00p 4.38%
Carnival (CCL) 3,748.00p 1.52%
Merlin Entertainments (MERL) 464.40p 1.13%
Paddy Power Betfair (PPB) 9,670.00p 1.04%
Mediclinic International (MDC) 909.00p 0.66%
Admiral Group (ADM) 1,980.00p 0.56%
Hargreaves Lansdown (HL.) 1,339.00p 0.53%
Informa (INF) 699.00p 0.36%
Hammerson (HMSO) 578.50p 0.35%
Compass Group (CPG) 1,233.00p 0.24%
FTSE 100 - Fallers
Old Mutual (OML) 189.60p -3.61%
BHP Billiton (BLT) 766.10p -3.47%
Anglo American (AAL) 520.60p -2.82%
Glencore (GLEN) 147.50p -2.67%
Rio Tinto (RIO) 1,928.00p -2.28%
Pearson (PSON) 887.50p -1.99%
Standard Chartered (STAN) 462.95p -1.94%
Rolls-Royce Holdings (RR.) 677.00p -1.88%
Aviva (AV.) 453.10p -1.50%
Royal Bank of Scotland Group (RBS) 220.40p -1.48%
FTSE 250 - Risers
AO World (AO.) 187.00p 8.22%
Serco Group (SRP) 101.30p 1.96%
Homeserve (HSV) 433.90p 1.95%
RPC Group (RPC) 774.50p 1.77%
Zoopla Property Group (WI) (ZPLA) 258.90p 1.61%
Lookers (LOOK) 164.80p 1.42%
Acacia Mining (ACA) 268.80p 1.36%
Highbridge Multi-Strategy Fund GBP Shares (HMSF) 185.00p 1.20%
NMC Health (NMC) 1,045.00p 1.16%
P2P Global Investments (P2P) 881.00p 1.15%
FTSE 250 - Fallers
Aldermore Group (ALD) 209.50p -4.77%
Interserve (IRV) 434.40p -4.59%
Tullow Oil (TLW) 194.70p -2.99%
Moneysupermarket.com Group (MONY) 319.00p -2.83%
Amec Foster Wheeler (AMFW) 436.00p -2.57%
Vedanta Resources (VED) 325.60p -2.43%
Morgan Advanced Materials (MGAM) 228.60p -2.31%
Weir Group (WEIR) 1,081.00p -2.26%
Allied Minds (ALM) 468.60p -2.25% |
| | UK Event Calendar | | Thursday 31 March
INTERIMS
James Halstead
INTERIM DIVIDEND PAYMENT DATE
BHP Billiton, Hansard Global, Hargreaves Lansdown, Independent Inv Trust, Journey Group, Redrow
INTERIM EX-DIVIDEND DATE
Finsbury Food Group, Origin Enterprises, Smith (DS), Softcat, Volution Group (WI), Wolseley
QUARTERLY PAYMENT DATE
Custodian Reit , HICL Infrastructure Company Ltd, MedicX Fund Ltd., Premier Energy & Water Trust, Raven Russia Ltd. Cum Red Pref Shares, Real Estate Credit Investments PCC Ltd Pref Shs
QUARTERLY EX-DIVIDEND DATE
British Land Company, Torchmark Corp.
FINALS
Chesnara, Globaltrans Investment GDR (Reg S), Hilton Food Group, Publishing Technology, Scisys, Sierra Rutile Ltd, Wireless Group
ANNUAL REPORT
Ferrexpo, Macfarlane Group
SPECIAL DIVIDEND PAYMENT DATE
Beazley, Panther Securities, Premier Energy & Water Trust
EGMS
DQ Entertainment, Global Telecom Holding S.A.E. GDR (Each Repr 5 Ord Egp5)(Reg S)
AGMS
African Potash Ltd, Be Heard Group, Keras Resources , Low & Bonar, W H Ireland Group
TRADING ANNOUNCEMENTS
Booker Group, CMC Markets , TUI AG Reg Shs (DI)
FINAL DIVIDEND PAYMENT DATE
Aviva 8 3/8% Cumulative Irrd Preference 1, EP Global Opportunities Trust, ICBC Standard Bank, Imperial Brands , Northern Electricity Prf, Temple Bar Inv Trust
FINAL EX-DIVIDEND DATE
BrainJuicer Group, EMIS Group, Equiniti Group , Foreign and Colonial Inv Trust, InterContinental Hotels Group, Interserve, Jardine Lloyd Thompson Group, Lighthouse Group, Maven Income & Growth 3 VCT, Maven Income and Growth VCT 5, Miton Group, Moneysupermarket.com Group, Nichols, Old Mutual, Stadium Group |
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| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks fall; telecoms under pressure European stocks fell in early trade, with telecoms issues under pressure as investors looked to the release of some key data points.
At 0900 BST, the benchmark Stoxx Europe 600 index was down 1%, Germany's DAX was off 0.7% and France's CAC 40 was 1.1% weaker.
At the same time, oil prices were in the red. West Texas Intermediate was down 1.1% to $37.91 a barrel and Brent crude was 0.7% lower at $39.00.
"A mix of light profit-taking and receding upside momentum is putting a bit of pressure on stocks early on," said Markus Huber, senior analyst at Peregrine & Black.
"With tomorrow's crucial US nonfarm payrolls data being released and stocks having had a fairly good run so far this week, some traders are willing to take some money off the table."
In corporate news, French telecommunications stocks were under the cosh after Orange and Bouygues Telecom said they have extended the deadline to complete their tie-up to Sunday amid disagreements over the value of the telecoms unit.
On the upside, Tui rallied after saying overall demand and pricing for holidays has remained resilient in the first half of its financial year. Tui said it has sold 47% of its summer holiday programme, in line with last year, and at 1% higher average selling prices, meaning revenue from the programme has been lifted 3%.
On the data front, German retail sales unexpectedly fell in February, according to figures released by Destatis on Thursday.
Retail sales were down 0.4% compared with the previous month, missing expectations of a 0.3% increase.
Meanwhile, January's figures were revised lower to show a 0.1% drop compared with the 0.7% growth initially estimated.
Compared with the same month a year ago, however, retail sales rose 5.4%, which was a much bigger increase than the 2.2% forecast by economists.
Still to come on the macroeconomic front, Eurozone inflation data is at 1000 BST. In the US, initial jobless claims are at 1330 BST while Chicago PMI is at 1445 BST.
Huber said the main focus will be on the release of the Chicago PMI. |
| | 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 |
| | US Market Report | | US close: Stocks end up but off highs as oil slips back US stocks closed up on Wednesday as a dovish speech by Federal Reserve Chair Janet Yellen the previous day continued to underpin sentiment, although indices were off the day's highs as oil prices slipped back.
The Dow Jones Industrial Average and the Nasdaq both ended up 0.4% while the S&P 500 rose 0.4%.
Oil prices, meanwhile, settled pretty flat following a strong performance earlier in the day, after data from the Energy Information Administration showed US crude stockpiles rose 2.3m barrels last week to 534.8m barrels, which was at all-time highs.
West Texas Intermediate was flat at $38.27 per barrel and Brent crude was 0.3% higher at $39.25.
Investors continued to weigh Yellen's speech at the Economic Club of New York on Tuesday.
Yellen said the central bank would move cautiously when it came to further interest rate hikes, striking a dovish tone that contrasted greatly with the hawkish comments last week from San Francisco Fed President John Williams, Atlanta Fed President Dennis Lockhart and St Louis Fed President James Bullard.
The Fed Chair highlighted global economic uncertainty, including the slowdown in China and sliding oil prices as reasons behind the Fed's decision not to hike in January or March and said there would be "only gradual increases" going forward.
Economic news also provided a boost on Wednesday as the ADP said the private sector in the US added 200,000 jobs in March, beating expectations of 195,000 jobs but marking a deceleration from the previous month's 214,000 jobs.
The report comes ahead of the all-important US non-farm payrolls report on Friday, which Societe Generale expects to show a solid increase of 217,000 in March, up from 214,000 in February.
On the corporate front, Boeing fell slightly after saying it will cut more than 4,500 jobs by June to accelerate cost cuts.
Technology giant Apple was higher after the Wall Street Journal reported that it will supply every Major League Baseball team with iPad Pro tablets to help teams and coaches use performance stats.
Sonic Corp rallied after the fast food chain's second quarter earnings beat expectations, while Lululemon Athletica surged after its fourth quarter profit surpassed estimates. Carnival Corp also gained on the back of stronger-than-expected results.
State Street Corp ended on the front foot after agreeing to buy GE Asset Management from General Electric for around $485m.
On the downside, Valeant Pharmaceuticals International slid after it launched a credit facility amendment.
In currencies, the US dollar was down 0.1% against the pound, 0.3% versus the euro and 0.2% against the yen.
S&P 500 - Risers
Carnival Corp. (CCL) $52.36 +5.48%
MetLife Inc. (MET) $44.66 +5.18%
Peabody Energy Corp. (BTU) $2.45 +4.47%
Frontier Communications Co. (FTR) $5.63 +2.93%
Halliburton Co. (HAL) $36.03 +2.88%
Salesforce.Com Inc. (CRM) $74.29 +2.75%
CONSOL Energy Inc. (CNX) $11.36 +2.71%
Under Armour Inc. Class A (UA) $85.64 +2.55%
Mattel Inc. (MAT) $33.60 +2.50%
Activision Blizzard Inc. (ATVI) $34.06 +2.47%
S&P 500 - Fallers
Western Digital Corp. (WDC) $46.14 -4.51%
Southwestern Energy Co. (SWN) $7.70 -3.75%
Tesoro Corp. (TSO) $86.47 -3.62%
Signet Jewelers Ltd (SIG) $119.66 -2.64%
Range Resources Corp. (RRC) $32.36 -2.38%
Eog Resources Inc. (EOG) $73.67 -2.36%
Paychex Inc. (PAYX) $53.28 -2.22%
NetApp Inc. (NTAP) $26.66 -2.20%
NRG Energy Inc. (NRG) $12.94 -2.12%
Regeneron Pharmaceuticals Inc. (REGN) $359.60 -2.12%
Dow Jones I.A - Risers
Visa Inc. (V) $76.79 +1.87%
Apple Inc. (AAPL) $109.59 +1.77%
McDonald's Corp. (MCD) $125.81 +1.48%
3M Co. (MMM) $166.75 +1.44%
Cisco Systems Inc. (CSCO) $28.46 +1.28%
JP Morgan Chase & Co. (JPM) $59.71 +1.15%
General Electric Co. (GE) $31.83 +1.13%
Wal-Mart Stores Inc. (WMT) $68.77 +1.09%
Intel Corp. (INTC) $32.71 +1.02%
Travelers Company Inc. (TRV) $117.47 +0.91%
Dow Jones I.A - Fallers
Boeing Co. (BA) $128.58 -1.76%
International Business Machines Corp. (IBM) $148.39 -0.63%
American Express Co. (AXP) $60.29 -0.51%
Merck & Co. Inc. (MRK) $53.20 -0.23%
Procter & Gamble Co. (PG) $82.68 -0.14%
Unitedhealth Group Inc. (UNH) $129.65 -0.14%
Johnson & Johnson (JNJ) $109.00 -0.13%
Chevron Corp. (CVX) $95.25 -0.07%
Verizon Communications Inc. (VZ) $54.03 -0.04%
Exxon Mobil Corp. (XOM) $84.52 -0.01%
Nasdaq 100 - Risers
Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $54.18 +5.70%
JD.com, Inc. (JD) $27.25 +3.14%
Check Point Software Technologies Ltd. (CHKP) $86.34 +2.99%
Mattel Inc. (MAT) $33.60 +2.50%
Activision Blizzard Inc. (ATVI) $34.06 +2.47%
Dollar Tree Inc (DLTR) $83.21 +2.29%
Applied Materials Inc. (AMAT) $21.05 +2.23%
Skyworks Solutions Inc. (SWKS) $77.88 +1.84%
Broadcom Limited (AVGO) $156.93 +1.82%
Apple Inc. (AAPL) $109.59 +1.77%
Nasdaq 100 - Fallers
Western Digital Corp. (WDC) $46.14 -4.51%
Paychex Inc. (PAYX) $53.28 -2.22%
NetApp Inc. (NTAP) $26.66 -2.20%
Regeneron Pharmaceuticals Inc. (REGN) $359.60 -2.12%
Netflix Inc. (NFLX) $102.18 -1.87%
Endo International Plc (ENDP) $28.45 -1.76%
Tesla Motors Inc (TSLA) $226.62 -1.53%
Celgene Corp. (CELG) $98.80 -1.35%
Mylan Inc. (MYL) $46.39 -1.32% |
| | Which way will the major markets be heading in 2016? | | Click here to Download the FREE 2016 Market Mover Report |
| | Newspaper Round Up | | Thursday newspaper round-up: Steel industry, energy, HSBC Tata's board met for seven hours on Tuesday in the company's elegant stone headquarters in central Mumbai but one insider said it was clear what the company had to do. "It was very straightforward, not dramatic," he said, as Tata signalled that, after nine years, several billion pounds of investment and continuing heavy losses, it was putting its British steel operations up for sale. - Financial Times
Qatar's human rights record has come under renewed scrutiny ahead of its hosting of the 2022 football World Cup, with Amnesty International claiming in a report that workers who are building tournament infrastructure face abuse. Amnesty and other campaigners have long criticised working conditions for the mainly south Asian construction workers who account for most of the 90 per cent of expatriates within the workforce of the gas-rich state. - Financial Times
The backers of an independent proposal to lengthen one of Heathrow's existing runways have become the latest group to warn that the Government risks a legal challenge if it backs rival plans to build a third landing strip. eathrow Hub, which is led by former Concorde pilot Captain Jock Lowe, has argued that worries about jet engine noise could provide opponents of another runway in west London with grounds to block the mooted project in the courts. - Telegraph
The shape of what's left of the British steel industry bears the hallmarks of a century and a half of production, even if most of the original furnaces have long since gone cold. Ealy industrialists enjoyed a boom in demand for steel leading up to the First World War, but in a slump that echoes the sector's current woes, a glut of foreign supply meant the end for many producers in the 1920s. - Telegraph
China's biggest listed steelmaker has said it expects to increase output by 20% in 2016, underlining the problems facing the British steel industry amid a global glut of supply. Even as China steps up efforts to slash its bloated steel making capacity amid a rise in anti-dumping complaints, Baosteel said it produced 22.6m tonnes of crude steel in 2015 and is likely to produce 27.1m tonnes this year. - Guardian
A £2.8bn government scheme funded by energy bill payers which aims to keep the lights on in Britain has been condemned as wasteful, expensive and "unfit for purpose" in a damning report. The claims from the Institute of Public Policy Research (IPPR) comes on the day that one of the UK's biggest coal-fired power stations, Ferrybridge, formally closes, with several others threatening to follow. - Guardian
The failure of HSBC to clean up its act after an anti-money-laundering deal with America's justice department has raised the possibility that US authorities may continue to monitor Britain's biggest bank. HSBC revealed in its annual report last month that Michael Cherkasky, the independent monitor appointed by regulators in the United States to oversee HSBC's clean-up, had expressed "significant concerns" about "instances of financial crime". - The Times
The former boss of one of Britain's biggest energy suppliers has warned that the safety buffer separating Britain from power cuts will be uncomfortably slim for up to four years. Experts had already warned this winter that Britain was at its highest risk of blackouts in more than a decade before the announcement of a succession of closures of coal-fired power stations. - The Times |
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