| | | | | | | | Top 3 AIM Stocks For Q2 Get all the details now in this FREE Report The AIM market can be a great place to uncover huge growth potential. Download your FREE report now | | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks fall as investors digest BoE's 'Super Thursday' UK stocks fell on Friday as investors continued to digest the Bank of England's 'Super Thursday'.
The BoE slashed its economic growth forecasts to 2% for 2016 from a previous estimate of 2.2% in its Quarterly Inflation Report on Thursday.
The central bank also warned there were increasing signs that uncertainty surrounding Britain's EU referendum on 23 June has started to weigh on activity and that a vote to leave could "materially alter the outlook".
The Inflation Report was released alongside the Monetary Policy Committee's policy announcement which revealed it would keep interest rates at 0.50% and the size of the asset purchase programme at £375bn. The vote was unanimous and was expected by analysts.
Connor Campbell, financial analyst at Spreadex, said the FTSE 100 is "likely suffering from the enhanced pre-EU referendum fears, Mark Carney's somewhat controversial claims over the economic downturn that could greet a Brexit pushing the issue back to the forefront of investors' minds".
A slump in oil prices did little to uplift the mood, with Brent crude down 0.37% to $47.90 per barrel and West Texas Intermediate down 0.84% to $46.31 per barrel at 0859 BST.
In economic data, German gross domestic product rose 0.7% in the first three months of the year compared to the previous quarter, beating estimates of 0.6% and marking an improvement on the fourth quarter's 0.3% growth.
Still to come, UK construction data at 0930 BST, Eurozone GDP at 1000 BST, US retail sales at 1330 BST and the University of Michighan's consumer confidence at 1500 BST.
On the company front, Coca-Cola HBC was in the red after reporting a 2.7% fall in first quarter sales revenues to €1.3bn, reflecting weak emerging market currencies against a strong euro.
Mining stocks rallied as metal prices rose with Antofagasta, Anglo American, Fresnillo and Glencore leading the way. |
| | Get your FREE copy of Shares magazine Are you getting a market-beating performance from your money? The experts at Shares can help. Try a free issue today. |
| Market Movers
FTSE 100 (UKX) 6,087.36 -0.28%
FTSE 250 (MCX) 16,651.63 -0.05%
techMARK (TASX) 3,042.65 -0.04%
FTSE 100 - Risers
Antofagasta (ANTO) 418.20p 2.98%
Anglo American (AAL) 587.30p 2.14%
Fresnillo (FRES) 1,097.00p 2.05%
Glencore (GLEN) 133.20p 1.60%
BHP Billiton (BLT) 816.90p 1.19%
Randgold Resources Ltd. (RRS) 6,235.00p 1.05%
ARM Holdings (ARM) 917.00p 0.99%
Worldpay Group (WI) (WPG) 265.10p 0.99%
Smith & Nephew (SN.) 1,154.00p 0.61%
National Grid (NG.) 1,006.50p 0.40%
FTSE 100 - Fallers
Inmarsat (ISAT) 762.00p -4.03%
Coca-Cola HBC AG (CDI) (CCH) 1,358.00p -2.79%
Direct Line Insurance Group (DLG) 364.10p -2.52%
RSA Insurance Group (RSA) 464.50p -2.40%
Prudential (PRU) 1,252.00p -1.80%
Legal & General Group (LGEN) 210.70p -1.59%
Admiral Group (ADM) 1,841.00p -1.50%
St James's Place (STJ) 847.50p -1.22%
Old Mutual (OML) 167.00p -1.18%
Aviva (AV.) 410.60p -1.16%
FTSE 250 - Risers
Vedanta Resources (VED) 364.90p 5.77%
Polypipe Group (PLP) 302.50p 4.31%
Acacia Mining (ACA) 340.40p 3.94%
Ibstock (IBST) 201.00p 3.02%
Diploma (DPLM) 770.00p 2.46%
Cobham (COB) 165.50p 2.41%
Clarkson (CKN) 2,309.00p 2.21%
John Laing Group (JLG) 215.20p 1.99%
Hikma Pharmaceuticals (HIK) 2,263.00p 1.89%
Tullow Oil (TLW) 254.90p 1.55%
FTSE 250 - Fallers
Jimmy Choo (CHOO) 113.50p -3.81%
Aldermore Group (ALD) 185.60p -2.57%
Beazley (BEZ) 334.40p -2.19%
Countrywide (CWD) 345.40p -2.13%
IP Group (IPO) 153.60p -1.73%
Senior (SNR) 202.20p -1.70%
Micro Focus International (MCRO) 1,538.00p -1.60%
TalkTalk Telecom Group (TALK) 264.90p -1.56%
Just Eat (JE.) 411.20p -1.49% |
| | UK Event Calendar | | Friday 13 May
INTERIM DIVIDEND PAYMENT DATE
Oxford Technology 3 VCT
QUARTERLY PAYMENT DATE
Marsh & Mclennan Cos Inc.
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Inventories (US) (13:30)
Consumer Price Index (GER) (07:00)
GDP (Flash Estimate) (EU) (10:00)
GDP (Flash Estimate) (GER) (07:00)
Producer Price Index (US) (13:30)
Retail Sales (US) (13:30)
Retail Sales Less Autos (US) (13:30)
GMS
Kodal Minerals
AGMS
Brady, Brammer, Irish Continental Group Units, Princess Private Equity Holding Ltd., Tyman
TRADING ANNOUNCEMENTS
Coca-Cola HBC AG (CDI)
FINAL DIVIDEND PAYMENT DATE
4Imprint Group, Arbuthnot Banking Group, ARM Holdings, British Polythene Industries, Capital & Regional, Clarke (T.), Devro, Drax Group, Integrated Diagnostics
Holdings, InterContinental Hotels Group, International Personal Finance, John Laing Infrastructure Fund Ltd, Johnson Service Group, JPMorgan American Inv
Trust, Kerry Group 'A' Shares, Kingspan Group, Man Group, Millennium & Copthorne Hotels, Phoenix Group Holdings (DI), RSA Insurance Group, Sherborne Investors
(Guernsey) 'B' Limited, Smurfit Kappa Group, St James's Place
Q1
New Europe Property Investments |
| | How to spot a stock market recovery | | Half of the FTSE 100 are still more than 25% from recent highs. Could you take advantage and profit? We've analysed the entire FTSE100 looking for stocks that could offer up great opportunities right now. In this exclusive report we cover: - Key signs for a stock market recovery
- A full breakdown of the FTSE100's recovery potential
- The 7 blue chip stocks with the best trading potential
Get your copy of How to spot a stock market recovery today! Losses can exceed deposits |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Hawkish Fedspeak weighs on stocks European stocks were on the back-foot at the start of the session, with 'hawkish' Fedspeak overnight helping to push the Stoxx 600 lower for a third consecutive week.
The benchmark DJ Stoxx 600 was lower by 0.73% or 2.44 points to 330.67 - putting it on course for a third consecutive weekly loss -, alongside a drop of 0.80% or 78.49 points for Germany's Dax and a 0.76% or 32.68 point slide in the Cac-40.
Overnight, Boston Federal Reserve Bank President Eric Rosengren, who typically has a 'dovish' slant suggested he could back a June interest rate increase if recent economic trends continue, Market News International reported.
Keeping interest rates "too low too long" could lead to excessive speculation, he added.
Esther George, his peer at the Federal Reserve bank of Kansas City was of a similar view, saying that interest rate hike expectations were "too low".
Weather Gods not behind German GDP
On a more positive note, Germany's economy expanded in the first quarter of the year more quickly than economists had predicted, with gross domestic product expanding at a 0.7% quarter-on-quarter clip (consensus: 0.6%).
The data, which showed household and government spending offsetting weak demand from overseas, left economists divided on the outlook in its wake.
"The key question is whether this marks the beginning of a sustained upturn. We doubt it.[...] We think the Q2 story will be the inverse of Q1. Domestic demand will slow, but net exports likely will rebound slightly. Overall we think quarter-on-quarter growth will fall back to about 0.2%-to-0.3%," Claus Vistesen, chief Eurozone economist at Pantheon Macroeconomics said in a research note sent to clients.
"Looking at the so far available G7 data shows that Germany even outpaced its peers. It is true that special circumstances, such as the mild winter weather (and hence construction), additionally boosted GDP growth. However, such fault-finding misses the point. Even if the weather god had not been on our side the recovery would have gathered pace. The German economy is in the midst of a regime change towards more domestic demand," was the verdict from Andreas Rees, chief German economist at UniCredit Research.
French construction and telecommunications outfit Bouygues reiterated its full-year guidance, helping to send its stock up by 3.1%.
Eutelsat shares plunged after the satellite operator cut its 2016 and 2017 forecasts. |
| | Is Your Pension Enough? | | If you have a £250,000 portfolio, download the guide for retirees written by Forbes columnist and money manager Ken Fisher's firm. Even if you have something else in place, this must-read guide includes research and analysis you can use right now. Don't miss it! Click Here to Download Your Guide! |
| | US Market Report | | US close: Stocks mixed on oil price rise, Fed speeches US stocks were mixed at the close on Thursday as oil prices rose and investors weighed a worse-than-expected weekly jobless claims report and speeches from Federal Reserve policymakers.
The Dow Jones Industrial Average rose 0.05% while the S&P 500 fell 0.02% and the Nasdaq dropped 0.49%.
Oil prices advanced after the International Energy Agency said global oil supplies will experience a "dramatic reduction" in the second half of the year, helping to soothe concerns about a global crude glut.
West Texas Intermediate crude increased 0.38% to $46.41 per barrel and Brent rose 0.66% to $47.92 per barrel.
On the macro-economic front, the Labor Department revealed US weekly jobless claims unexpectedly rose in the latest week. Initial jobless claims climbed to 294,000 in the week to 7 May from 274,000 the previous week, compared to forecasts of 270,000.
Meanwhile, Boston Fed President Eric Rosengren suggested the central bank should resume raising interest rate hikes in a speech in New Hampshire. He said the economy appears to be strengthening and that the likelihood of future rate hikes is "higher than is currently prices into financial markets".
Cleveland Fed President Loretta Mester also said the economy had improved and that inflation has moved higher as oil prices have recovered. While she did not touch on interest rates, her optimistic remarks were seen to hint at a possible increase.
Kansas City Fed President Esther George spoke in Albuquerque, New Mexico, urging the central bank to increase its benchmark interest rate to counter possible asset-price bubbles.
"I view the current level as too low for today's economic conditions," she said.
The Fed announces its next interest rate decision in June.
In company news, Apple's shares plunged after weak earnings at Taiwanese iPhone assembler Foxconn Technology Co. highlighted increasing concerns over slowing iPhone sales.
Retailer Kohl's Corp. declined after it reported a 87% slide in quarterly profit as sales unexpectedly fell.
In currencies, the dollar was steady against the pound after the Bank of England decided to keep interest rates unchanged and cut its economic growth forecasts. The BoE warned that a vote to leave the EU in the 23 June referendum could impact its gross domestic product estimates.
The dollar was also steady against the euro after eurozone industrial output fell in March for a second straight month.
The dollar rose 0.3% against the yen after minutes of the Bank of Japan's April meeting showed officials believed the central bank should closely examine the effects of negative interest rates but left the door open to further stimulus if needed.
Separately, Bank of Japan Gov. Haruhiko Kuroda said the nation was unlikely to adopt a foreign exchange policy to help weaken the Japanese currency and boost exports.
S&P 500 - Risers
Monsanto Co. (MON) $97.92 +8.39%
CA Inc. (CA) $31.48 +5.07%
Ralph Lauren Corp (RL) $86.88 +2.82%
Newfield Exploration Co (NFX) $38.63 +2.68%
Royal Caribbean Cr (RCL) $77.02 +2.53%
Sealed Air Corp. (SEE) $47.80 +2.49%
Electronic Arts Inc. (EA) $75.01 +2.22%
Activision Blizzard Inc. (ATVI) $37.91 +2.16%
Public Storage (PSA) $264.69 +2.09%
International Flavors & Fragrances Inc. (IFF) $126.16 +2.05%
S&P 500 - Fallers
United States Steel Corp. (X) $14.81 -10.35%
Tenet Healthcare Corp. (THC) $28.41 -9.81%
Kohls Corp. (KSS) $35.15 -9.17%
CF Industries Holdings Inc. (CF) $27.85 -5.47%
Freeport-McMoRan Inc (FCX) $11.03 -5.00%
American Airlines Group (AAL) $31.33 -4.66%
Micron Technology Inc. (MU) $9.63 -4.65%
Skyworks Solutions Inc. (SWKS) $61.66 -4.54%
United Continental Holdings Inc. (UAL) $43.78 -4.41%
Chesapeake Energy Corp. (CHK) $4.17 -4.36%
Dow Jones I.A - Risers
Nike Inc. (NKE) $57.99 +1.72%
Boeing Co. (BA) $134.42 +1.07%
Chevron Corp. (CVX) $102.12 +0.97%
Exxon Mobil Corp. (XOM) $89.67 +0.97%
Microsoft Corp. (MSFT) $51.51 +0.90%
Coca-Cola Co. (KO) $45.83 +0.81%
Visa Inc. (V) $77.89 +0.76%
McDonald's Corp. (MCD) $130.12 +0.76%
Wal-Mart Stores Inc. (WMT) $66.85 +0.66%
Verizon Communications Inc. (VZ) $51.47 +0.63%
Dow Jones I.A - Fallers
Apple Inc. (AAPL) $90.34 -2.35%
Caterpillar Inc. (CAT) $71.70 -1.01%
Intel Corp. (INTC) $29.76 -1.00%
Goldman Sachs Group Inc. (GS) $158.07 -0.85%
General Electric Co. (GE) $30.09 -0.82%
Unitedhealth Group Inc. (UNH) $129.74 -0.73%
Walt Disney Co. (DIS) $101.71 -0.57%
American Express Co. (AXP) $64.34 -0.39%
Merck & Co. Inc. (MRK) $54.12 -0.35%
United Technologies Corp. (UTX) $101.46 -0.14%
Nasdaq 100 - Risers
CA Inc. (CA) $31.48 +5.07%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $207.43 +2.26%
Electronic Arts Inc. (EA) $75.01 +2.22%
Activision Blizzard Inc. (ATVI) $37.91 +2.16%
Dollar Tree Inc (DLTR) $80.29 +1.59%
Kraft Heinz Co. (KHC) $86.34 +1.34%
Tractor Supply Company (TSCO) $93.57 +1.21%
Ross Stores Inc. (ROST) $55.09 +1.19%
Priceline Group Inc (PCLN) $1,282.25 +1.18%
Symantec Corp. (SYMC) $16.90 +1.14%
Nasdaq 100 - Fallers
American Airlines Group (AAL) $31.33 -4.66%
Micron Technology Inc. (MU) $9.63 -4.65%
Skyworks Solutions Inc. (SWKS) $61.66 -4.54%
JD.com, Inc. (JD) $22.11 -4.41%
Dish Network Corp. (DISH) $45.43 -4.28%
Biomarin Pharmaceutical Inc. (BMRN) $79.79 -2.96%
TripAdvisor Inc. (TRIP) $63.78 -2.88%
Discovery Communications Inc. Class A (DISCA) $28.14 -2.87%
Nxp Semiconductors Nv (NXPI) $83.25 -2.73% |
| | Exciting 225% Returns in a New Commercial Buy To Let Purchase | | Florence Hall offers an exceptional opportunity with 5 assured exit strategies provides ultimate flexibility.
Download your free brochure today |
| | Newspaper Round Up | | Friday newspaper round-up: PPI, RBS, EU There are "serious risks" of further mis-selling scandals erupting in the financial services industry and stronger action is needed to tackle problems with the culture of firms, MPs have warned. The public accounts committee (PAC) also said it was a "failure of the system of regulation and redress" that claims management firms have made up to £5bn from PPI (payment protection insurance) payouts - the equivalent of £1 in every £4 recuperated. - The Guardian
Tens of thousands of jobs could be lost in Edinburgh's prestigious financial sector if Britain leaves the European Union, the UK city minister has warned ahead of a visit to the capital today. Harriett Baldwin will say that Edinburgh-based financial giants such as Royal Bank of Scotland and Standard Life can trade across the EU without the "cost complexity" that firms outside the UK face. - The Scotsman
Sir John Major will tell those leading the campaign for Britain to leave the EU that they risk morphing into Ukip through their heavy emphasis on immigration. In a speech on Friday that will be seen as a thinly veiled criticism of Boris Johnson, Michael Gove and other senior Tory leave supporters, the former prime minister will accuse the anti-EU camp of crossing the line with its arguments in a way that risks dividing communities. - The Guardian
Dong Energy set out plans for a summer stock market flotation yesterday, as it pressed ahead with a big expansion of its offshore wind energy business in Britain.Dong, the world's biggest investor in offshore wind projects, said that it would list at least 15 per cent of its shares on the Nasdaq Copenhagen exchange this summer in a flotation that could value the Danish company at up to £10bn. That would represent the country's biggest IPO. - The Times
Bill Gates has his own 19-seat private jet and family holidays are held on a 134m yacht powered by eight diesel engines. But yesterday it emerged that the Bill and Melinda Gates Foundation had sold its holding in BP in the latest move to divest its fossil fuel assets. The world's biggest health charity sold its $187 million stake in the British oil giant at the end of last year, according to the US Securities and Exchange Commission. - The Times
A plan to overcome the £500m pensions deficit that is proving a massive hurdle to the sale of Tata's UK steel business is set to fail, according to a leading pensions expert. Changes the Government is reported to be considering "drive a coach and horses through a fundamental principle" of pension schemes, according to John Ralfe, who is also advising a government inquiry into BHS, the Pension Protection Fund and the Pensions Regulator. - The Daily Telegraph |
| | The worlds biggest market is ready for your success. | | Learn more about trading 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 | |
No comments:
Post a Comment