| | | | | | | Think You Know The Markets? PROVE IT Put your trading knowledge to the test at City Index. Whatever’s happening out there, we’ll make sure you’re ready to seize the opportunity, with expert analysis and our award winning platforms. The rest is up to you. Losses can exceed deposits. Trade now | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks edge higher following US election debate London stocks edged higher on Tuesday as investors digested the outcome of the first US presidential debate, with Hillary Clinton seen to have come out on top versus her rival Donald Trump according to currency and gold markets.
As of 0820 BST the FTSE 100 was higher by 18.96 points to 6,862.
The US dollar was falling 2.18% to 19.44 versus the Mexican peso, perhaps the currency which stood to lose the most from an election victory by the US Republican presidential candidate, according to analysts.
Similarly, gold futures for December delivery on COMEX were down by 0.39% to $1,339.10/oz. In parallel, dollar/yen, another proxy for investors´ level of risk aversion was up by 0.22% to 100.55.
More significantly, a widely-cited CNN/ORC poll said 62% of viewers believed Clinton had won the debate, versus the 27% who said Trump had come out on top.
Against that backdrop, European banks were seeing a small bounce following the previous session's thrashing, with stock in Deutsche Bank rising 1.73% to €10.72.
CMC Markets' Michael Hewson said: "Last night's debate was the first opportunity to see the two candidates go head to head and judging by some of the market reaction Donald Trump would appear to have come off second best, which means that we could well see European markets open higher after yesterday's sharp sell-off. Certainly his comments about not paying his taxes are unlikely to go down particularly well with either side, though it is equally true that with these debates we find out little that we didn't already know about either candidate."
On the data front, the UK's CBI distributive trades survey is at 1100 BST, with the latest euro area M3 money supply data scheduled for release at 0900.
Stateside, investors were waiting on the S&P Case Shiller home price data for the month of July and the Conference Board's consumer confidence gauge for September.
In corporate news, Wolseley's shares were lower, perhaps due to a lack of capital return, while currency tailwinds boosted full-year revenues as the plumbers merchant announced the result of the strategic review for its UK operations. Total revenues for 2016 jumped 8.5% to reach £14.43bn or by 4.2% in constant currency terms. Sales growth in like-for-like terms came in at 2.4%. That drove a 43% rise in profits before tax to £727m. The company's full-year payout was raised 10.2% to 100p.
Legal & General said its retirement arm was on track to double its new business sales in the full year, with customer demand unaffected by the introduction of Solvency II regulation, Brexit uncertainty or lower interest rates. The FTSE 100 group said revenues from the division would be around £5.4bn, up from £2.9bn last year.
United Utilities said on Tuesday that it expects revenue for the first half of this year to be slightly lower than the same period last year, reflecting the accounting impact of its Water Plus business retail joint venture, partly offset by its allowed regulatory revenue changes. However, underlying operating profit for the first half is expected to be marginally higher. |
| | Social Trading with Tradeo | | Maria’s waiting for you! She's this month's top trader from Sweden with +864% gain and she'll be happy to explain her winning strategy for you!
|
| Market Movers
FTSE 100 (UKX) 6,837.14 0.28%
FTSE 250 (MCX) 17,669.34 -0.30%
techMARK (TASX) 3,477.62 -0.24%
FTSE 100 - Risers
Carnival (CCL) 3,640.00p 2.39%
Ashtead Group (AHT) 1,222.00p 1.75%
TUI AG Reg Shs (DI) (TUI) 1,086.00p 1.50%
HSBC Holdings (HSBA) 577.50p 1.46%
Fresnillo (FRES) 1,813.00p 1.28%
Severn Trent (SVT) 2,491.00p 1.14%
British American Tobacco (BATS) 4,938.50p 1.10%
Sky (SKY) 842.50p 0.96%
United Utilities Group (UU.) 995.00p 0.91%
Imperial Brands (IMB) 4,008.00p 0.89%
FTSE 100 - Fallers
Wolseley (WOS) 4,155.00p -3.37%
Travis Perkins (TPK) 1,501.00p -1.12%
Antofagasta (ANTO) 503.00p -0.79%
Smiths Group (SMIN) 1,392.00p -0.78%
Randgold Resources Ltd. (RRS) 7,845.00p -0.70%
Paddy Power Betfair (PPB) 8,620.00p -0.69%
easyJet (EZJ) 1,009.00p -0.69%
Direct Line Insurance Group (DLG) 369.40p -0.65%
Rolls-Royce Holdings (RR.) 707.50p -0.63%
CRH (CRH) 2,540.00p -0.55%
FTSE 250 - Risers
Card Factory (CARD) 313.90p 3.91%
Evraz (EVR) 161.70p 2.41%
CYBG (CYBG) 256.00p 1.99%
JRP Group (JRP) 131.60p 1.70%
Murray International Trust (MYI) 1,154.47p 1.63%
Close Brothers Group (CBG) 1,431.00p 1.42%
Bankers Inv Trust (BNKR) 667.00p 1.21%
Atkins (WS) (ATK) 1,560.00p 1.17%
Thomas Cook Group (TCG) 70.80p 1.14%
Indivior (INDV) 311.60p 1.07%
FTSE 250 - Fallers
Saga (SAGA) 212.50p -2.83%
Mitie Group (MTO) 180.20p -2.49%
Smurfit Kappa Group (SKG) 1,729.00p -2.43%
Rotork (ROR) 211.80p -2.13%
IMI (IMI) 1,032.00p -1.99%
Cairn Energy (CNE) 179.90p -1.85%
BTG (BTG) 632.00p -1.56%
Ascential (ASCL) 265.70p -1.56%
Inchcape (INCH) 647.50p -1.52% |
| | UK Event Calendar | | Tuesday September 27
INTERIMS
Maxcyte (DI/Reg S), NetScientific , Premier Technical Services Group , S&U, Silence Therapeutics, Time Out Group, Toumaz Limited, XLMedia
INTERIM DIVIDEND PAYMENT DATE
Foxtons Group , Hostelworld Group
QUARTERLY EX-DIVIDEND DATE
Total SA
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Confidence (US) (15:00)
Import Price Index (GER) (07:00)
M3 Money Supply (EU) (09:00)
FINALS
Close Brothers Group, Netcall, Wolseley
AGMS
Arcontech Group, ASA Resource Group , Nimrod Sea Assets Limited, Trinity Capital, United Carpets Group, Versarien
TRADING ANNOUNCEMENTS
Mediclinic International
UK ECONOMIC ANNOUNCEMENTS
CBI Distributive Trades Surveys (11:00)
|
| | Bargain Blue Chips | | Is the current dip a buy opportunity? The UK's blue chip stock index has delivered exceptional trading opportunities to date in 2016 and, with the FTSE100 currently consolidating, optimism remains that the trend will resume imminently. Download this exclusive report to find out why a good run of UK macro data has been taken badly by the markets, what key event in September could pump them up once more, and which key stocks that could play a leading role in boosting the index back to last year's all-time record highs. Losses can exceed deposits |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks nudge higher as investors digest US presidential debate European stocks nudged higher in early trade, recovering from two downbeat sessions as investors digested the outcome of the first US presidential debate, with Hillary Clinton seen to have come out on top versus her rival Donald Trump.
At 0900 BST, the benchmark Stoxx Europe 600 index was up 0.2%, Germany's DAX was 0.2% higher and France's CAC 40 was up 0.1%.
At the same time, oil prices retreated after Iran played down expectations for a deal on oil production, calling the oil producers meeting on Wednesday "consultative" and dashing hopes that an agreement will be made. West Texas Intermediate was down 0.7% at $45.61 a barrel and Brent crude was down 1% at $46.90.
Andy McLevey, head of dealing at Interactive Investor, said: "European markets have opened positively in early trading tracking the recovery in Asia overnight as early online reaction indicates Hillary Clinton fared better in the first televised US presidential debate however markets remain some way off recouping yesterday's heavy losses. The focus on the US election is only going to increase as November's election draws ever nearer and investors will need to focus on what the result may mean for markets in general therefore as the race hots up and the two candidates jockey for position the volatility of late looks set to continue."
Meanwhile, FXTM chief market strategist Hussein Sayed pointed out that the best financial asset proxy to the US presidential race is the Mexican Peso, which rose by more than 1.5% against the US dollar after declining to a new record low yesterday. "The higher the Mexican currency goes suggests higher probability for Clinton reaching the White House as Trump repeatedly raged against globalisation and free trade agreements."
In corporate news, Commerzbank was in the black following a report in Handelsblatt suggesting it was planning to cut around 9,000 jobs over the coming years as part of its restructuring plan.
Electrolux was higher after an upgrade by Nordea Bank, while Orange was boosted by an upgrade from Credit Suisse.
In London, Legal & General was little changed as it said that following a strong third quarter, its retirement arm was on track to double new business sales in the full year, with customer demand for bulk annuities and lifetime mortgages seemingly unaffected by the introduction of Solvency II regulation, Brexit uncertainty or lower interest rates.
United Utilities edged higher after saying it expects revenue for the first half of this year to be slightly lower than the same period last year, but underlying operating profit to be marginally higher.
Plumbers merchant Wolseley slumped after announcing job cuts and store closures despite a rise in full-year profits. |
| | IS Lloyds a Brexit Bargain? | | Get all the details now in this FREE Report Lloyds shares have fallen around 40% from last year's high. Download your FREE special report now |
| | US Market Report | | US close: Markets end lower as eyes turn to presidential debate US stocks dropped on Monday as investors exercised caution ahead of the first US presidential debate and as OPEC met in Algeria.
The Dow Jones Industrial Average fell 0.91% to 18,094.83 points, the S&P 500 slid 0.86% to 2,146.10 points and the Nasdaq 100 declined 0.86% to 4,817.17 points.
At the same time oil prices gained as OPEC members met informally on the sidelines of the International Energy Forum in Algeria which is held from Monday until Wednesday.
Ahead of the meeting, Algeria's energy minister Noureddine Bouterfa said on Sunday that all options for a production cut or freeze were on the table.
West Texas Intermediate crude rose 2.5% to $45.62 per barrel and Brent increased 2.36% to $47.00 per barrel.
Meanwhile, Donald Trump and Hillary Clinton will come face-to-face at the US presidential debate at 0200 Tuesday BST, which could pave the way for the outcome of the November election result.
"With Donald Trump closing the gap with Hillary Clinton in latest polls, the debate is becoming more interesting than any other TV show," said FXTM chief market Strategist Hussein Sayed.
"America's direction, achieving prosperity and securing America are the three major topics at the first presidential debate. Investors are becoming increasingly concerned on how to tweak their portfolios before Nov 8."
On the data front, US new home sales fell a monthly 7.6% to 609,000 units in August following a 12.4% increase in July, the Commerce Department revealed. Economists had expected an 8.3% drop to 597,000.
In company news, Pfizer shares slipped 0.67% as the pharmaceutical group said it has decided not to split into two separate publicly-traded companies following an extensive evaluation.
Philadelphia-based Chemtura surged 15.83% after German specialty chemical group Lanxess announced plans to buy its US rival. |
| | Discover a new way to trade with eToro | | Trade 1000s of markets independently, connect with millions of other traders and copy top performing traders move-for-move. Click Here 
|
| | Newspaper Round Up | | Tuesday newspaper round-up: US debate, WTO, Draghi, BT, Merlin The Mexican peso has strengthened against the dollar by the most in seven months as foreign exchange markets reasoned Hillary Clinton edged out Donald Trump in the first of three debates between the two 2016 presidential nominees. The peso's gains against the US dollar picked up during the debate and have continued since its conclusion, with the Mexican currency now 2 per cent stronger against the greenback in lunchtime trade in Asia. - Financial Times
Falling back on World Trade Organisation rules will not be a simple way of leaving the European Union, WTO officials warned yesterday, as traders sold both shares and the pound amid fresh jitters over "hard Brexit". Fears are growing that politicians will push the button on a quick exit from the European Union that will take Britain out of the single market, as Eurosceptic government ministers appear to be in the ascendancy. - The Times
Mario Draghi has become the latest European official to push for the EU to take a tough line in negotiations with the UK over Brexit, saying Britain should be refused access to the single market unless it sticks to rules on free movement of labour. "Regardless of the type of relationship that emerges between the European Union and the United Kingdom, it is of utmost importance that the integrity of the single market is respected," Mr Draghi said, speaking at the European Parliament on Monday. "Any outcome should ensure that all participants are subject to the same rules." - Financial Times
Monarch Airline's majority shareholder is preparing to offer the short-haul carrier another multi-million pound lifeline just days before its license is due to expire. Monarch flights risk being grounded unless the airline renews its license with the Civil Aviation Authority (CAA) within four days, reigniting concerns that the carrier will need an emergency bail-out from its stakeholders or fall prey to rival airlines which see Monarch as a takeover target. - Daily Telegraph
BT was dealt a fresh blow yesterday when the telecoms regulator said that it it was guilty of overcharging Sky. The preliminary ruling opens the possibility that BT may have to pay its rival millions of pounds in compensation. - The Times
The vote to leave the EU has increased demand for consultants and boosted their pay as jittery business chiefs bring in outside help to navigate uncertain times, according to a snapshot of the jobs market. The average advertised salary for consultancy jobs was 8.9% higher than a year ago at £47,760 in August, according to jobs search engine Adzuna. The increase defied the trend of the overall jobs market, where the average advertised salary was down 1.6% from August 2015. - Guardian
German car giant BMW is on a collision course with its UK workers over plans to stop 5,000 employees from making fresh contributions to its two gold-plated final salary pension schemes. In a blow to employees, it has emerged that BMW wants all its UK staff to start paying into a less generous defined contribution (DC) pension plan, which it launched in 2014 and already has about 2,000 members. - Daily Telegraph
The management of Alton Towers was to blame for the crash on the Smiler rollercoaster that left five passengers with life-changing injuries for presiding over a flawed system, a court was told. The park's owner Merlin Entertainments, which has more than 100 attractions worldwide, including Warwick Castle and the Legoland chain, faces a fine today of up to £10 million or more, if Judge Michael Chambers, QC, assesses that it is in the public interest. - The Times
A post-Brexit Britain could become "highly attractive" to foreign investors put off by conditions inside the European Union, according to the head of Europe's largest newspaper publisher. In an intervention at odds with the portrayal of Brexit by many other members of Europe's corporate elite, Mathias Döpfner of Germany's Axel Springer media group said that he was counting on the "pragmatism, on the free market orientation of the British people". - Guardian
Londoners fed up with bicycle couriers hurtling down streets, look away now: there are about to be even more of them as J Sainsbury tests a one-hour grocery delivery service in the capital.The supermarket group said yesterday that more than 130 years after it first offered home delivery via bicycle, it was going to do so again. - The Times
Saudi Arabia has injected $5.3bn of liquidity into the banking system to stave off a financial crunch as the oil slump drags on and capital continues to leak out the country. Three-month interbank offered rates in Riyadh - the stress gauge watched by traders - have reached the highest since the Lehman crisis, ratcheting up 145 basis points over the last year. - Telegraph |
| | Open Trading Account | | Thinking about trading binary options? Test out a free $10,000 Demo account with iq option. Click Here to start trading | | |
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