| | | | | | | Q4 Top 10 Stock Picks Moving into the final quarter of the year, a packed events calendar is going to create opportunities aplenty for investors, and we've highlighted the top 10 stocks we believe could outperform the market in Q4. Download this report today Losses can exceed deposits | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Bank jitters, bond yield back-up weigh on Footsie London stocks edged lower at the start of trading, weighed down by jitters surrounding euro area lenders such as Deutsche Bank and Monte dei Paschi di Siena and a back-up in bond yields during the previous session.
Against that backdrop, as of 0826BST the Footsie was down by 0.24% or 16.38 points to 6,942.04.
Even shares of Barclays were lower at the start of the day, despite the lender having posted third quarter profits which were comfortably ahead of analysts' forecasts.
Of interest, according to the Financial Times the Bank of England has asked big UK lenders to detail their exposure to Deutsche Bank and some of the largest Italian banks, including Monte dei Paschi di Siena.
The back-up in longer-term bond yields in the previous session came amid a glut of issuance by governments and corporates, with Gilts under added pressure after the BoE signalled that it was only willing to look through an overshoot inflation to an extent.
Focus in Thursday´s trading session was expected to be on the first reading on UK gross domestic product for the third quarter, alongside results from Alphabet and Amazon.com after the close of trading in the US.
In corporate news, Barclays reported a 35% rise in third-quarter pre-tax profit to £837m as revenue from the fixed income division surged 40%. Excluding extraordinary items the lender posted quarterly profits of £1.7bn (consensus: £1.53bn).
Information and analytics company RELX Group said its outlook remains unchanged and it expects underlying revenue, profit and earnings to increase for the full year. In a trading statement for the first nine months of the year, underlying revenue grew 4%, compared to last year, as the FTSE 100 company bought 15 content, data and exhibition assets for about £330m.
Telecommunications provider BT Group announced its results for the second quarter and half year to 30 September on Thursday, with reported revenue up 35%, and growth in underlying revenue - excluding transit adjusted for the acquisition of EE - up 1.1%.The FTSE 100 firm reported earnings per share down 10%, though adjusted earnings per share were up 4%.Underlying EBITDA adjusted for the acquisition of EE was up 0.9%, and the board declared an interim dividend of 4.85p, up 10% |
| | Improve your trading for success | | Come and hear more on the Tradeo webinar about how Social Trading is revolutionizing the way you trade. |
| Market Movers
FTSE 100 (UKX) 6,927.25 -0.44%
FTSE 250 (MCX) 17,560.12 -0.62%
techMARK (TASX) 3,404.97 -0.19%
FTSE 100 - Risers
Barclays (BARC) 184.85p 1.68%
BT Group (BT.A) 392.30p 1.21%
National Grid (NG.) 1,058.00p 0.76%
Sage Group (SGE) 716.50p 0.49%
United Utilities Group (UU.) 934.00p 0.43%
Severn Trent (SVT) 2,316.00p 0.39%
Worldpay Group (WPG) 281.50p 0.36%
Reckitt Benckiser Group (RB.) 7,217.00p 0.18%
Relx plc (REL) 1,430.00p 0.07%
Imperial Brands (IMB) 3,882.50p 0.05%
FTSE 100 - Fallers
Barratt Developments (BDEV) 447.30p -6.01%
Antofagasta (ANTO) 506.50p -3.15%
Wolseley (WOS) 4,245.00p -2.48%
BHP Billiton (BLT) 1,210.50p -2.38%
Provident Financial (PFG) 2,979.00p -2.04%
International Consolidated Airlines Group SA (CDI) (IAG) 415.00p -1.82%
British Land Company (BLND) 582.00p -1.77%
Glencore (GLEN) 236.80p -1.68%
Land Securities Group (LAND) 989.50p -1.44%
Randgold Resources Ltd. (RRS) 7,000.00p -1.20%
FTSE 250 - Risers
Vesuvius (VSVS) 364.10p 4.57%
AO World (AO.) 168.00p 2.44%
Debenhams (DEB) 54.85p 2.14%
Fidessa Group (FDSA) 2,344.00p 2.09%
Big Yellow Group (BYG) 699.50p 1.82%
Bodycote (BOY) 596.50p 1.53%
Ascential (ASCL) 290.00p 1.51%
LondonMetric Property (LMP) 150.50p 1.28%
JPMorgan American Inv Trust (JAM) 357.90p 0.93%
Telecom Plus (TEP) 1,211.00p 0.92%
FTSE 250 - Fallers
Berendsen (BRSN) 1,050.00p -14.70%
Amec Foster Wheeler (AMFW) 505.50p -13.66%
Galliford Try (GFRD) 1,244.00p -4.67%
Hunting (HTG) 494.10p -2.64%
Sophos Group (SOPH) 225.90p -2.38%
Petra Diamonds Ltd.(DI) (PDL) 154.30p -2.34%
Zoopla Property Group (ZPLA) 302.60p -2.26%
Petrofac Ltd. (PFC) 850.00p -2.19%
Vedanta Resources (VED) 683.00p -2.08% |
| | UK Event Calendar | | Thursday 27 October
INTERIMS
C&C Group, Stobart Group Ltd.
INTERIM DIVIDEND PAYMENT DATE
Capital & Regional, Netplay TV
INTERIM EX-DIVIDEND DATE
Booker Group, CareTech Holding, Exova Group , Games Workshop Group, ITV, Lookers, M&C Saatchi, Maven Income & Growth VCT, Moss Bros Group, Next Fifteen Communications, Provident Financial, Rotala, Sequoia Economic Infrastructure Income Fund Limited C shares, TLA Worldwide , U And I Group
QUARTERLY EX-DIVIDEND DATE
Toro Limited
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
Durable Goods Orders (US) (13:30)
Initial Jobless Claims (US) (13:30)
M3 Money Supply (EU) (09:00)
Pending Homes Sales (US) (15:00)
Unemployment Rate (GER) (08:55)
Q2
C&C Group
Q3
Nokia OYJ, Royal Dutch Shell 'A', Royal Dutch Shell 'B'
FINALS
Redefine International
SPECIAL EX-DIVIDEND PAYMENT DATE
Barratt Developments, Bioventix
EGMS
Datang International Power Generation Co Ltd., Samsung Electronics Co Ltd (ATT) GDR (Reg S)
AGMS
Argos Resources Ltd. (DI), Blenheim Natural Resources , City of London Inv Trust, GCP Student Living, Goldplat, Plutus PowerGen, Standard Life UK Smaller Companies Trust, Stanley Gibbons Group
TRADING ANNOUNCEMENTS
Henderson Group
UK ECONOMIC ANNOUNCEMENTS
Gross Domestic Product (09:30)
Index of Services (09:30)
FINAL DIVIDEND PAYMENT DATE
Ashley (Laura) Holding
FINAL EX-DIVIDEND DATE
AIREA, Avingtrans, Barratt Developments, Bioventix, Dechra Pharmaceuticals, El Oro Ltd, Galliford Try, Haynes Publishing Group, Ideagen, Mulberry Group, Thorpe (F.W.), Wolseley
|
| | Think You Know The Markets? Prove It | | Put your trading knowledge to the test at City Index. We’ll be right behind you, with expert analysis and our award winning platforms. The rest is up to you. Losses can exceed deposits. Trade now |
| | US Market Report | | US close: Stocks mostly lower as Apple slides, oil declines US stocks ended mostly lower on Wednesday as oil prices weakened and amid heavy losses for technology giant Apple.
The Dow Jones Industrial Average ended up 0.2%, but the S&P 500 closed off 0.2% and the Nasdaq fell 0.6%.
Meanwhile, oil prices settled lower as doubts over OPEC's proposed production cut overshadowed a surprise drop in US crude inventories. Data from the US Energy Information Administration showed US crude stockpiles declined by 553,000 barrels last week, versus expectations of a 1.7m barrel build.
Brent crude dropped 1.7% to $49.95 a barrel and West Texas Intermediate was down 1.5% to $49.22.
Apple declined after its fourth-quarter results late on Tuesday showed net income declined 19% to $9bn, on revenue of $46.9bn, down 9%. Although income was a little better than expected, revenue fell short of analysts' forecasts.
CMC Markets said: "Positive earnings and oil news unable to keep US markets from declining. It's been another difficult day for US markets which increasingly look under distribution and vulnerable. Although better than expected results from Boeing and Mondelez helped their stocks to gain 3-4% on the day, broader indices declined."
Coca-Cola slipped as the beverage maker said quarterly revenue fell 7% compared to last year to $10.6bn, but beat expectations of $10.5bn.
Cable operator Comcast fell as it said net income rose 12% to $2.24bn, or 92 cents a share, in line with expectations, while revenues increased 14% to $21.3bn thanks to the Rio Olympics and the presidential election.
On the upside, aircraft maker Boeing rallied as it posted an increase in third-quarter profit and lifted its projection for full-year commercial deliveries.
Oreo maker Mondelez International was a high riser as it said its third quarter profit beat expectations, with earnings of 52 cents per share compared to forecasts of 43 cents. Net revenue fell 6.6% to $6.4bn versus expectations of $6.45bn.
On the data front, Markit's seasonally-adjusted flash composite PMI output index rose to 54.9 in October, from 52.3 in September and above the 50.0 no-change value for the eighth month running, which was the sharpest expansion of private sector output since November 2015.
The Commerce Department reported that wholesale inventories for September rose 0.2% to $590.7bn, while the international trade deficit fell to $56.1bn from $59.1bn from August.
Data for new home sales for September revealed a 3.1% jump from August to a seasonally adjusted rate of 593,000. Economists had expected 600,000. |
| | 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 |
| | Newspaper Round Up | | Thursday newspaper round-up: public spending, maternity leave, Dong Energy The mayor of London and the CBI employers' group are urging Philip Hammond to increase public spending as a way of reassuring businesses fearful of the consequences of leaving the EU. Sadiq Khan will accuse the government of being "blasé" towards the impact of Brexit and will call on the chancellor to dispel some of the uncertainty over negotiations with Europe. - Financial Times
The Bank of England has asked large British lenders to detail their current exposure to Deutsche Bank and some of the biggest Italian banks, including Monte dei Paschi, amid mounting market jitters over the health of Europe's financial sector. The request was made in recent weeks by the BoE's Prudential Regulation Authority as investors sold off Deutsche and Monte dei Paschi, both of which have been the subject of scrutiny over their capital levels. - Financial Times
Philip Hammond should spend £2.1bn in the autumn statement on extending maternity leave to encourage more women to return to work, the CBI has said. The business lobby group urged the chancellor to adopt an £11.5bn shopping list of measures, including lengthening maternity leave from nine months to a year to bridge the gap with the earliest date from which parents can claim childcare support. - Guardian
The government is considering extending the powers of the Pensions Regulator in the light of the BHS scandal, it has emerged. In a letter responding to a parliamentary report into the demise of the department store chain, the business minister Margot James said the government was determined the regulator had the power it needed to "deter and tackle misbehaviour". - Guardian
Bribery is a way of life for British companies working in emerging markets, with 85pc of managers forced to resort to it to do business, according to a new report. A 12-year inquiry by Prof Andrew Kakabadse, of Henley Business School, claims the vast majority of UK managers operating in these markets resort to the dishonest practice on a monthly basis - often with the tacit permission of their chief executives. - Telegraph
The world's largest offshore developer of wind energy is considering whether to ditch its oil and gas business. Dong Energy confirmed yesterday that it no longer considered oil and gas to be "a long-term strategic commitment" and said that it was "reviewing strategic options" for the future of the division. - The Times
The head of the City watchdog has hit back at claims from a think tank that the authorities are sleepwalking into a new financial crisis, saying he was determined to clean up the industry as he launched the organisation's "mission". Andrew Bailey, chief executive of the Financial Conduct Authority, described the recent scandals involving the financial services industry, such as Libor-rigging and mis-selling of interest rate hedging products, as a "very sorry history" and said his reforms were intended to ensure the future would be "radically different from the past". - The Times |
| | 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 
| | |
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