| | | | | To Investors Who Want to Retire Comfortably | | If you have a £250,000 portfolio, download the guide written by Forbes columnist and money manager Ken Fisher's firm. It's called "The 15-Minute Retirement Plan". Even if you have something else in place right now, it still makes sense to request your guide!Click Here to Download Your Guide! Click Here to Download Your Guide! | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks fall on Brexit fears UK equities declined on Monday as concerns over a possible Brexit grew ahead of next week's European Union referendum.
The pound fell as low as $1.4159 in early trade, its weakest since 18 April, amid rising fears that Britain could vote to leave the EU in next Thursday's referendum.
"It appears that the Brexit fears that have, for most of the past few months, plagued the pound are beginning to really take hold of European trading as a whole, leading to the dire scenes the markets have seen since the middle of last week," said Connor Campbell, financial analyst at Spreadex.
Investors are also cautious ahead of the Federal Reserve's interest rate decision on Thursday. However, most economists expect the Fed to keep rates unchanged after a weak non-farm payrolls report and a dovish speech from chair Janet Yellen.
On Monday's agenda, a report showed Chinese industrial production growth held steady in May. Industrial output rose 6% in May from a year earlier, the National Bureau of Statistics, in line with the previous month's growth and analysts' expectations.
Retail sales rose 10% year-on-year in May, missing forecasts for a 10.1% increase and following a 10.1% gain the previous month.
Meanwhile, oil prices declined after Baker Hughes Inc. said the number of rigs drilling for oil in the US rose by three in the week ended June 10, the second straight weekly increase.
Brent crude fell 0.69% to $50.19 per barrel and West Texas Intermediate dipped 0.88% to $48.64 per barrel at 0856 BST.
Among corporate stocks, banks and housebuilders were under pressure on Brexit worries. Lloyds and Barclays were the biggest fallers in the banking sector while Taylor Wimpey, Persimmon and Barratt Developments led housebuilders lower.
Inmarsat edged higher as it formed a partnership with maritime broadband specialist SpeedCast International to roll out the satellite company's new Global Xpress (GX) service to around 2,000 vessels in five years. |
| Market Movers
FTSE 100 (UKX) 6,093.17 -0.37%
FTSE 250 (MCX) 16,690.09 -0.82%
techMARK (TASX) 3,025.44 -0.48%
FTSE 100 - Risers
Randgold Resources Ltd. (RRS) 6,740.00p 1.74%
Fresnillo (FRES) 1,227.00p 1.07%
Mediclinic International (MDC) 890.50p 0.91%
GlaxoSmithKline (GSK) 1,425.50p 0.85%
Inmarsat (ISAT) 708.00p 0.64%
Unilever (ULVR) 3,181.50p 0.54%
British American Tobacco (BATS) 4,235.00p 0.39%
AstraZeneca (AZN) 3,867.00p 0.39%
Diageo (DGE) 1,817.50p 0.36%
Imperial Brands (IMB) 3,686.00p 0.22%
FTSE 100 - Fallers
ARM Holdings (ARM) 944.00p -2.28%
Taylor Wimpey (TW.) 179.80p -1.86%
Lloyds Banking Group (LLOY) 65.88p -1.74%
Sky (SKY) 910.00p -1.67%
BT Group (BT.A) 415.50p -1.67%
Ashtead Group (AHT) 944.00p -1.62%
Standard Life (SL.) 311.30p -1.55%
Barclays (BARC) 166.80p -1.53%
Barratt Developments (BDEV) 539.00p -1.46%
Capita (CPI) 1,012.00p -1.46%
FTSE 250 - Risers
Centamin (DI) (CEY) 112.00p 1.82%
CLS Holdings (CLI) 1,600.00p 1.65%
Brown (N.) Group (BWNG) 229.90p 1.59%
Polypipe Group (PLP) 317.90p 1.31%
Acacia Mining (ACA) 348.00p 0.96%
Genus (GNS) 1,541.00p 0.85%
UK Commercial Property Trust (UKCM) 80.50p 0.62%
Hiscox Limited (DI) (HSX) 955.00p 0.58%
Carillion (CLLN) 267.00p 0.38%
Pendragon (PDG) 38.30p 0.31%
FTSE 250 - Fallers
G4S (GFS) 175.30p -6.46%
AO World (AO.) 151.00p -4.19%
Aldermore Group (ALD) 192.20p -3.90%
Allied Minds (ALM) 336.60p -3.83%
Ocado Group (OCDO) 235.00p -3.69%
TalkTalk Telecom Group (TALK) 224.10p -3.24%
Essentra (ESNT) 542.00p -3.21%
Jimmy Choo (CHOO) 100.80p -3.08%
OneSavings Bank (OSB) 297.60p -3.06% |
| | Brexit: Protect Your Portfolio | | Get all the details now in this FREE Report In just a few weeks the UK will face its biggest decision in decades. Download your FREE report now |
| | UK Event Calendar | | Monday 13 June
INTERIM DIVIDEND PAYMENT DATE
Barloworld Ltd., Tiso Blackstar Group SE (DI)
FINALS
Schroder Real Estate Investment Trust Ltd
EGMS
Mortice Ltd. (DI)
AGMS
Trader Media East Ltd GDR (Reg S)
FINAL DIVIDEND PAYMENT DATE
AA
|
| | Jon Levinson Research Report - Sabien Technology Group - LSE:SNT | | Click Here to download Free Research Report. |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Markets jittery over Fed, Brexit fears European markets had a touch of the jitters on Monday morning, with all indexes sliding ahead of the US Federal Reserve's June meeting later in the week and with ten days to go until Britain's European Union referendum.
The pan-European Stoxx 600 was down 1.08% at 329.32, with airlines dragging the sub-indexes, down by 3.6%.
In London, the FTSE 100 was down 0.3% at 6,097.58, while in Frankfurt the DAX was down 1.09% at 9,727.76 and in Paris the CAC 40 lost 0.85% at 4,270.14.
The European benchmarks were tracking their Asian counterparts, with stocks in that region falling the most in more than two months and investors sending the safe-haven yen soaring.
Analysts there were also citing key central bank meetings and Brexit fears as being behind the risk-off pattern.
Sterling fell to an eight-week low against the greenback early on Monday, having been in a downward spiral since a poll after markets closed on Friday gave the 'out' campaign a ten point lead.
Two more polls published over the weekend were split between the 'in' and 'out' votes.
The greenback was last trading 0.4% stronger at $1.42 per £1.
In addition to the much-anticipated Fed meeting, the Bank of England, Swiss National Bank and the Bank of Japan are all expected to stand pat on monetary policy this week, against the backdrop of a possible Brexit from the EU.
Oil prices continued to slip, with Brent crude last down 0.96% at $50.06 and West Texas Intermediate losing 1.07% at $48.55 per barrel.
On the corporate front, Sales chief at BMW Ian Robertson told Automobilwoche that the company sees the US market as at best stagnating in 2016, adding "we are working to markedly cut inventories at our dealers" - its shares were last down 1.77%.
Securities giant BNP Paribas was down 0.94% after it said it expects to grow fiduciary services in Brazil by replacing its foreign rivals as they exit the shaky Latin American economy, according to two senior executives.
Deutsche Bank had last lost 1.92%, with a Frankfurt court expected to rule on carousel trade in emission certificates, with two Deutsche Bank employees accused of evading taxes when buying and selling certificates.
Low-cost carrier easyJet told the Sunday Telegraph is has explored setting up a separate European business if Britain leaves the European Union - it was down 0.14% in early trading.
Eni was no longer riding the wave of its Goliat offshore production facilities in Norway, after announcing on Friday that they were currently producing around 80,000 barrels of oil per day, and will soon reach peak production of 100,000 bpd - its shares lost 1.16% in early trading.
Julius Baer was off 1.06% after chief executive Boris Collardi told Swiss newspaper Schweiz am Sonntag that the company will focus on organic growth this year, as well as Asia, and he is confident it will reach new money growth targets of 4-6%.
The world's largest cement maker LafargeHolcim lost 1.98% after it said it has identified another nine countries where it will make divestments it it can achieve favourable valuations, though it did not name the locations.
Its board has said it is on track to hit a CHF 3.5bn asset sale goal this year with disposals in Saudi Arabia, South Korea and India so far.
French drugmaker Sanofi was down 0.37% after it announced that two pivotal phase III clinical trials of its LixiLan diabetes drug have met targets, sending it towards US approval in August and Europe early next year. |
| | 7 Secret Trading Strategies | | This FREE guide will help you take advantage of the market,
no matter what the conditions! Download Your Copy Now |
| | US Market Report | | US close: Brexit uncertainty weighs on Wall Street Wall Street gave back some of its recent gains on Friday as traders turned more cautious, with a fair bit of market commentary referencing increased uncertainty ahead of the 23 June referendum as the main trigger behind the 'risk'-off' mood.
Upcoming monetary policy meetings from the Bank of England, Bank of Japan and the US Federal Reserve were also important risk-events to be navigated over the coming week, especially those of the BoJ and the Fed.
A decision was also expected from MSCI on whether it would include Chinese shares listed on the mainland in its own international indices.
The Dow Jones Industrials lost 0.67% or 119.85 points on Friday to finish the session at 17,865.34, alongside losses of 0.92% or 19.41 points for the S&P 500 and a 1.29% or 64.07 point retreat in the tech-rich Nasdaq Composite.
For the week as a whole, the S&P 500 lost 0.2% on its lowest trading volumes year-to-date, according to Bloomberg data.
Underlining the elevated uncertainty, the yield on the benchmark 10-year US Treasury note closed lower by a hefty five basis points to 1.64%, while that on the policy-sensitive two-year note was down by four basis points at 0.73%.
Stoking interest in long-term government debt was the result of an ORB poll conducted on behalf of The Independent which revealed a ten-point lead for the 'Leave' campaign, with support for Bexit at 55%, four percentage points more than in the last such poll.
Also reflecting the clearly cautious mindset, gold futures tacked on further gains even in the face of another day of US dollar strength.
COMEX-traded gold futures for August delivery edged higher by four dollars to $1,275.90/oz..
Heading the other way were oil prices, pressured by the advance in the greenback and fresh survey data revealing a second consecutive weekly increase in the number of US oil rigs in operation.
Front month West Texas Intermediate crude oil futures ended the session lower by 2.95% to $49.07 per barrel on NYMEX.
Optimism on the hiring front?
The University of Michigan's consumer confidence index for the start of June drifted lower from 94.7 to 94.3.
Economists had been expecting a reading of 94.0.
"The stability in consumer sentiment supports the view that the slowdown in May job growth was not a reflection of a broad-based downturn across the economy. Should job growth bounce back, as we expect it will, sentiment and spending should be key beneficiaries," Barclays's Jesse Hurwitz said in a research note sent to clients.
The US federal government deficit printed at $52.5bn for May (consensus: $56.0bn), which was well down on the $84.1bn seen one year ago, albeit entirely due to positive calendar effects.
Brexit concerns in the air
Adding to the cautious tone, worries about Britain's June 23 referendum on European Union membership intensified after Shadow Home Secretary Andy Burnham warned there was a "very real prospect" of a Leave vote.
Burnham's remarks came as the Labour Party on Friday claimed that leaving the EU could lead to £18bn of spending cuts and tax rises.
On the company front, Twitter shares fell trade after the social-media company on Thursday notified millions of users that their accounts are at risk of being taken over. A survey also showed Instagram was attracting more advertising than Twitter.
Tesla Motors slid after the electric car maker came under investigation for a potential defect in the suspension of its Model S.
H&R Block jumped after the tax-preparation specialist reported better-than-expected quarterly results.
Shares in Sophiris Bio rocketed after the biotech company reported promising results in a mid-stage clinical trial of its prostate cancer treatment.
From a sector standpoint, the worst performing industral groups were: Coal (-8.73%), Non-ferrous metals (-4.95%), consumer electronics (-3.77%) and Exploration and production (-3.73%).
S&P 500 - Risers
H&R Block Inc. (HRB) $24.23 +12.49%
Sealed Air Corp. (SEE) $48.16 +2.06%
Csra Inc. (CSRA) $24.26 +1.93%
Eastman Chemical Co. (EMN) $72.90 +1.56%
Verizon Communications Inc. (VZ) $52.67 +1.39%
Consolidated Edison Inc. (ED) $77.14 +0.78%
Weyerhaeuser Co. (WY) $30.59 +0.72%
Avery Dennison Corp. (AVY) $77.11 +0.71%
J. M. Smucker Co. (SJM) $144.24 +0.71%
LyondellBasell Industries (LYB) $80.47 +0.69%
S&P 500 - Fallers
Southwestern Energy Co. (SWN) $13.15 -10.79%
NRG Energy Inc. (NRG) $14.90 -10.19%
Chesapeake Energy Corp. (CHK) $4.42 -9.43%
Endo International Plc (ENDP) $16.48 -8.44%
Murphy Oil Corp. (MUR) $29.39 -7.61%
Range Resources Corp. (RRC) $43.21 -6.49%
Transocean Ltd. (RIG) $10.75 -6.28%
Devon Energy Corp. (DVN) $35.12 -6.22%
Marathon Oil Corp. (MRO) $13.42 -5.89%
Urban Outfitters Inc. (URBN) $26.32 -5.76%
Dow Jones I.A - Risers
Verizon Communications Inc. (VZ) $52.67 +1.39%
Coca-Cola Co. (KO) $45.99 +0.50%
Intel Corp. (INTC) $32.04 +0.31%
Nike Inc. (NKE) $55.11 +0.31%
Wal-Mart Stores Inc. (WMT) $71.14 +0.07%
Procter & Gamble Co. (PG) $83.20 +0.04%
Johnson & Johnson (JNJ) $117.01 +0.01%
Dow Jones I.A - Fallers
Goldman Sachs Group Inc. (GS) $149.89 -2.14%
Boeing Co. (BA) $131.14 -1.47%
Caterpillar Inc. (CAT) $76.03 -1.46%
JP Morgan Chase & Co. (JPM) $63.84 -1.41%
Visa Inc. (V) $80.18 -1.33%
American Express Co. (AXP) $64.97 -1.13%
Unitedhealth Group Inc. (UNH) $139.24 -1.02%
3M Co. (MMM) $168.56 -0.92%
Apple Inc. (AAPL) $98.83 -0.82%
Chevron Corp. (CVX) $101.98 -0.81%
Nasdaq 100 - Risers
Walgreens Boots Alliance, Inc. (WBA) $82.47 +4.38%
Costco Wholesale Corp. (COST) $154.87 +0.53%
Intel Corp. (INTC) $32.04 +0.31%
Charter Communications Inc. (CHTR) $223.53 +0.25%
CA Inc. (CA) $32.99 +0.18%
Nasdaq 100 - Fallers
Endo International Plc (ENDP) $16.48 -8.44%
Viacom Inc. Class B (VIAB) $42.02 -5.38%
Akamai Technologies Inc. (AKAM) $52.73 -4.89%
Tesla Motors Inc (TSLA) $218.79 -4.61%
Discovery Communications Inc. Class A (DISCA) $26.15 -4.32%
Liberty Global plc Series A (LBTYA) $36.57 -4.17%
Seagate Technology Plc (STX) $23.14 -4.14% |
| | Open Trading Account | | Thinking about trading binary options? Test out a free $10,000 Demo account with iq option. Click Here to start trading |
| | Newspaper Round Up | | Monday newspaper round-up: BHS, Sports Direct, Sky, National Grid Retail tycoon Mike Ashley has opened a new front in the war of words surrounding the fate of BHS, claiming there is still time to save thousands of jobs as he made a third approach for the collapsed department store chain once owned by rival billionaire Sir Philip Green. However, people briefed on the process dismissed Mr Ashley's interventions as a publicity stunt at a time when his Sports Direct retail group faces damaging revelations surrounding its treatment of contract workers. - Financial Times
According to The Times, Ashley has mounted an attempt to take over as many as 80 BHS stores, saving several thousand of the 11,00 staff facing redundancy. On Friday evening the Sports Direct billionaire said the business was "fully committed" to reaching a deal with Duff & Phelps, which is handling BHS's administration, and wanted to buy a significant chunk of its 163-store network, as well as the right to trade under its name.
Sir Philip Green's Arcadia Group discussed selling BHS to a leading turnaround fund or South Africa's richest man before offloading the chain to a former bankrupt with no retail experience. Evidence submitted to MPs reveals that Goldman Sachs, who acted as a "gatekeeper" to Sir Philip, had considered other interest from turnaround specialists Sun Capital, which owns bed retailer Dreams and Bonmarche. - Telegraph
One of Britain's biggest housebuilders has begun to introduce "Brexit clauses" into its contracts that give buyers the right to pull out of a deal to buy a new home if Britain votes to leave the European Union. Galliard Homes, the largest privately owned property developer in London, said that its contracts now came with a clause allowing a housebuyer to pull out of a deal and get their money back. - Times
Japanese stocks were down sharply and leading Asian markets lower on Monday as a broad global pullback from riskier assets continued in the lead up to the Federal Reserve's policy decision on Wednesday. That has seen investors head for the relative safety of government debt, pushing yields on benchmark bonds in many countries to record lows, alongside a recovery in the US dollar. - Financial Times
George Osborne's ambition to make London the go-to option for global trading in the yuan came a step closer to being realised last night when China's state-owned currency marketplace revealed that it intends to open branches in the capital and in New York. The China Foreign Exchange Trade System said that the expansion of its network beyond national borders would allow it to serve more overseas institutions and become a "main trading platform and pricing centre" for the yuan globally. - Times
Britain should brace itself for a winter of tight electricity supplies that will force National Grid to use its last-resort measures and push wholesale prices up, according to a new analysis. Figures from Enappsys, which monitors wholesale electricity market data, show the grid will have an even more difficult job keeping the lights on than last year, when it took new emergency measures for the first time. - Financial Times
A lack of basic digital skills is costing the economy £63 billion a year and must be tackled urgently, a committee of MPs has said. In a report that criticises the government for dragging its heels on a long-promised digital strategy, the science and technology committee says that Britain faces a basic IT skills crisis that is damaging productivity and economic competitiveness. - Times
The imminent leap in the cost of Premier League football rights is putting pressure on Sky's pay-TV channels, as it seeks to slash its bills from Discovery and other suppliers. It is understood that Sky has entered tricky negotiations with the US media giant over the cost of carrying its channels, which include the female-focused brand TLC and nature documentary specialist Animal Planet, as well as the flagship Discovery Channel. - Telegraph
The American owner of Asda is preparing to name the head of its Chinese operations as the new boss of Britain's third biggest supermarket chain. Sean Clarke, head of Walmart's Chinese business, will take over as chief executive of Asda from Andy Clarke. - Times
Former shareholders of the oil giant Yukos have delayed a bid to seize Russian state assets in the UK, after a Dutch court overturned a $50bn (£35bn) damages award in their favour. According to High Court documents, companies associated with billionaire Leonid Nevzlin were last week granted a stay on a hearing scheduled for November after they had hoped to use the hearing to seize Russian buildings in London and payments due from British companies such as Inmarsat to Roscosmos, the Russian space agency. - Telegraph
Symantec is acquiring threat-blocking service Blue Coat Systems from its private-equity owners Bain Capital for $4.65bn, in the struggling antivirus company's largest deal for more than a decade. Greg Clark, Blue Coat chief executive, will take the top job at Symantec, a position that has been vacant since April. - Financial Times
Britain is set to double the amount of electricity it imports from France under plans to construct a new £1.1 billion subsea power cable. The power line running from Le Havre to Lovedean, near Portsmouth, will supply enough electricity to power four million British homes, according to its developer. It also is intended to be up and running in 2021, at least four years earlier than the new nuclear plant planned for Hinkley Point, Somerset, by the French utility EDF. - 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