| | | | | | | The Brexit Rollercoaster. Take your position for the trading ride of your life, at City Index. The Brexit effect means constant uncertainty. Will the pound be up or down? Are businesses feeling confident? At City Index you can trade FX from just 0.5 points. Seize the opportunity today. And hold on to your hat. 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 little changed in holiday-thinned volumes Stocks in London were little changed in early trade as volumes dwindled in the run-up to the Christmas break, following policy announcements from the Bank of Japan and the Reserve Bank of Australia.
At 0830 GMT, the FTSE 100 was flat at 7,015.84. Meanwhile, oil prices were steady, with West Texas Intermediate down 0.2% to $52.02 a barrel and Brent crude up 0.1% to $54.97.
Spreadex's Connor Campbell said: "The European markets got off to another slow start this Tuesday, investors struggling to find a reason to send the region's indices any higher.
"The FTSE once again lingered around the 7,000 mark, lacking any real impetus to push towards its all-time peak from earlier in the year. The pound, meanwhile, has continued to fall against the dollar; it now sits under $1.24, its worst price in around the month. Against the euro sterling has fared a bit better, remaining just above the €1.19 mark."
At the same time, investors were digesting a series of events that took place late on Monday.
A truck ploughed into a Christmas market in Berlin, killing twelve people and injuring 48 in what is suspected to have been a terrorist attack.
In Turkey, the Russian ambassador was shot dead by an off-duty policeman who appeared to be protesting Russia's involvement in Aleppo, while in Zurich, three people were injured in a gun attack at a mosque.
Market participants also mulled over policy announcements from the Bank of Japan and the Reserve Bank of Australia.
The BoJ kept its monetary policy unchanged on Tuesday, as expected, maintaining its target for a negative 0.1% interest on some excess reserves and the 0% 10-year government bond yield.
However, the BoJ sounded a more upbeat note on the economy, underpinning expectations that its next move will be a hike rather than a cut to interest rates.
Meanwhile, the Reserve Bank of Australia also stood pat on interest rates, as expected, at a historic low of 1.5%, and hinted that it was happy to keep rates where they are for the moment. The RBA stopped short of mentioning a recession but suggested the door was open to a rate cut in the New Year.
In corporate news, Lloyds Banking Group was in the black after announcing the acquisition of credit card business MBNA from Bank of America for £1.9bn.
Pharmaceutical giant GlaxoSmithKline was little changed after saying it achieved positive results from a phase three HIV study, which assessed the efficiency of a two-drug regimen.
Electra Private Equity edged higher after saying it will receive around £106m from the sale of its stake in Innovia by investment manager Epiris LLP.
Property, residential, construction and services company Kier Group advanced as it confirmed it has been awarded a 15-year contract, valued at £140m, for repair and maintenance services on Area 13 of the Highways England network.
Digital payment systems provider Paysafe surged after announcing plans to begin an inaugural share buyback programme of up to £100m. |
| | Get the inside track on Social/Copy Trading | | Leading industry professionals David Jones and Tim Morris have created a free weekly newsletter called "The Social Trading Review" which highlights traders worthy of your attention. Every week they publish a fresh review of a Top Trader sent directly to you via the tradesignaller app or email. Reviewing their trading style, preferred markets, risk management and performance to date in a comprehensive report. Sign up and get Trader Focus, with comment from leading traders and a free multi part guide to social trading. Social Trading Review Click Here |
| Market Movers
FTSE 100 (UKX) 7,015.84 -0.02%
FTSE 250 (MCX) 17,835.79 0.30%
techMARK (TASX) 3,344.49 0.12%
FTSE 100 - Risers
3i Group (III) 696.50p 1.53%
Lloyds Banking Group (LLOY) 63.36p 1.29%
Barratt Developments (BDEV) 466.50p 1.15%
Taylor Wimpey (TW.) 155.30p 1.04%
Legal & General Group (LGEN) 243.00p 1.00%
Convatec Group (CTEC) 231.10p 0.92%
Mediclinic International (MDC) 745.00p 0.88%
easyJet (EZJ) 1,043.00p 0.87%
Barclays (BARC) 223.95p 0.86%
Tesco (TSCO) 204.00p 0.84%
FTSE 100 - Fallers
Randgold Resources Ltd. (RRS) 5,570.00p -2.37%
Fresnillo (FRES) 1,096.00p -1.62%
HSBC Holdings (HSBA) 652.60p -0.82%
Antofagasta (ANTO) 656.50p -0.76%
Royal Dutch Shell 'A' (RDSA) 2,185.50p -0.66%
WPP (WPP) 1,771.00p -0.62%
Standard Chartered (STAN) 661.80p -0.59%
Glencore (GLEN) 266.85p -0.58%
Reckitt Benckiser Group (RB.) 6,762.00p -0.47%
Sky (SKY) 991.00p -0.40%
FTSE 250 - Risers
Paysafe Group (PAYS) 364.60p 6.58%
Evraz (EVR) 222.00p 4.23%
UBM (UBM) 719.50p 2.20%
Serco Group (SRP) 143.90p 1.91%
Crest Nicholson Holdings (CRST) 466.20p 1.90%
Inmarsat (ISAT) 751.50p 1.90%
Barr (A.G.) (BAG) 494.20p 1.58%
Drax Group (DRX) 356.60p 1.57%
Fidelity European Values (FEV) 180.70p 1.52%
CYBG (CYBG) 271.80p 1.42%
FTSE 250 - Fallers
CMC Markets (CMCX) 111.20p -3.05%
Allied Minds (ALM) 426.00p -2.63%
Rank Group (RNK) 192.30p -2.29%
Hochschild Mining (HOC) 193.20p -2.23%
Synthomer (SYNT) 370.45p -1.82%
Nostrum Oil & Gas (NOG) 415.50p -1.68%
Acacia Mining (ACA) 348.00p -1.47%
Softcat (SCT) 296.10p -1.27%
Just Eat (JE.) 569.00p -1.13% |
| | The US after Trump election, and a letter from America A lot are horrified, others may just not like to admit to it. I have just returned from a trip to Utah, a state that voted for Donald Trump, I was there for a conference, but I thought I would share with you what I learned. The headlines might proclaim there are two Americas. There is the version consisting of the coastal regions on the west and north east and various pockets in-between, they voted Clinton, and then there is the large part of the interior that voted Trump. A letter from America But I learned that even in the midst of the most conservative state in the United States, the attitude towards the idea of a Trump presidency was pretty similar to the attitudes I hold, which, to put it gently, is not that positive.Of course, opinion is mixed, as it is in the UK over Brexit, and people voted the way they did for multiple reasons. Just as some people voted Brexit as a vote against immigration, while others voted for Brexit as they are pro-immigration but don't see why immigration policy should be tilted in favour of Europeans, the motivations for why people voted the way they did were numerous. Read More... |
| | UK Event Calendar | | Tuesday December 20
INTERIM DIVIDEND PAYMENT DATE
Creston, E2V Technologies, NB Distressed Debt Investment Fund Limited, NB Distressed Debt Investment Fund Limited Ext Shs, NB Distressed Debt Investment Fund Limited Red Ord
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Current Account (EU) (09:00)
Producer Price Index (GER) (07:00)
EGMS
Record
AGMS
DotDigital Group, Gfinity , JPMorgan Japanese Inv Trust, Schroder Income Growth Fund, Westmount Energy Ltd.
UK ECONOMIC ANNOUNCEMENTS
CBI Distributive Trades Surveys (11:00)
|
| | Seize the opportunity: a time-limited high-yielding prospect in the UK renewables market | | The UK Government has a current renewable energy incentive scheme is on its way. FRE plc has locked in pre-accredited tariff income for the next 20 years. Our secured bonds are paying fixed returns of 7-11% over 3-5 years. Invest in the energy of the future – today (capital at risk.) Tell me more |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks edge higher, with Italy still in focus European stocks edged higher in early trade as investors kept an eye on Italy, although trading was light as volumes tapered off ahead of the Christmas break.
At 0850 GMT, the benchmark Stoxx Europe 600 index was up 0.4%, Germany's DAX was 0.2% firmer and France's CAC 40 was up 0.3%. Italy's FTSE MIB was up 0.8% amid reports the Italian government will seek parliamentary approval to borrow up to €20bn to support its banking sector and potentially rescue Banca Monte dei Paschi di Siena.
Reports suggested that if Monte dei Paschi is unable to arrange a private sector bailout, a state rescue may come as early as this week.
Meanwhile, oil prices were little changed, with West Texas Intermediate down 0.2% to $52.02 a barrel and Brent crude up 0.1% to $54.97.
Andy McLevey, head of dealing at stockbroker Interactive Investor, said: "Investor sentiment has been dampened by the tragic events in Berlin and Turkey and although we're not seeing any panic selling geopolitical tensions and terrorism fears will remain a threat to markets going forward."
On Monday, a truck ploughed into a Christmas market in Berlin, killing twelve people and injuring 48 in what is suspected to have been a terrorist attack.
In Turkey, the Russian ambassador was shot dead by an off-duty policeman who appeared to be protesting Russia's involvement in Aleppo, while in Zurich, three people were injured in a gun attack at a mosque.
Market participants also mulled over policy announcements from the Bank of Japan and the Reserve Bank of Australia.
The BoJ kept its monetary policy unchanged on Tuesday, as expected, maintaining its target for a negative 0.1% interest on some excess reserves and the 0% 10-year government bond yield.
However, the BoJ sounded a more upbeat note on the economy, underpinning expectations that its next move will be a hike rather than a cut to interest rates.
Meanwhile, the Reserve Bank of Australia also stood pat on interest rates, as expected, at a historic low of 1.5%, and hinted that it was happy to keep rates where they are for the moment. The RBA stopped short of mentioning a recession but suggested the door was open to a rate cut in the New Year.
In corporate news, Lloyds Banking Group was in the black after announcing the acquisition of credit card business MBNA from Bank of America for £1.9bn.
Pharmaceutical giant GlaxoSmithKline was steady after saying it achieved positive results from a phase three HIV study, which assessed the efficiency of a two-drug regimen.
On the macroeconomic front, figures from Destatis showed producer prices in Germany rose more than expected last month.
Producer prices were up 0.3% in November from October and 0.1% higher on the year. The year-on-year change was the first positive annual rate of change since June 2013.
Economists had been expecting a 0.1% increase on the month and a 0.2% drop on the year.
Excluding energy prices, prices were up 0.3% on the month and 0.8% on the year. Energy prices rose 0.3% in November from the previous month but fell 1.7% from November last year. |
| | The Top Stock Picks for 2017 | | This comprehensive report looks the 10 hottest prospects for the coming 12-months, asks whether 2017 will pick up where 2016 left off, covers the trailblazers, rangers, and a potential comeback king, and provides broker consensus and an average target price for each stock assessed. Download here Losses can exceed deposits |
| | US Market Report | | US close: Stocks edge higher as investors eye events in Germany, Turkey US stocks ended in the black but off highs on Monday, with volumes beginning to taper off in the run-up to Christmas and as investors eyed events in Germany in Turkey.
The Dow Jones Industrial Average and the S&P 500 ended up 0.2%, while the Nasdaq rose 0.4%.
CMC Markets' Michael Hewson said: "Attention remains on whether the recent rally in the Dow has the legs to retest the 20,000 level that saw the index fall short on two occasions last week."
Although the indices managed to eke out some gains, the mood was undermined after a truck drove into a Christmas market in Berlin, killing at least nine people and injuring around 50 in what is believed to have been a deliberate attack.
In addition, investors were digesting news that Russia's ambassador to Turkey was shot dead by an off-duty policeman at an art gallery in Ankara. The killer was said to have stood over the ambassador's body shouting "revenge for Syria and Aleppo".
Geopolitical tensions were also at play on Monday, with Chinese and US officials still in talks after the Chinese navy seized a US underwater drone from the South China Sea on Thursday.
In currency markets, the dollar was 0.8% higher versus the pound and 0.5% firmer than the euro, but down 0.5% against the yen.
In commodities, oil prices settled mixed, with West Texas Intermediate up 0.4% to $52.11 a barrel and Brent crude down 0.8% at $54.75.
On the data front, a survey from Markit showed services sector growth in the US eased back in December.
Markit's flash services purchasing managers' index unexpectedly fell to 53.4 from 54.6 in November, missing expectations for an increase to 55.2.
Meanwhile, in a speech at the University of Baltimore, Fed Chair Janet Yellen said the US has the strongest jobs market in nearly a decade and that there are signs wage growth is picking up.
Last week, the Fed hiked interest rates by 25 basis points for the second time in a decade, as expected, but took investors by surprise by projecting three rate increases next year, up from a previous forecast of two.
In corporate news, shares in Jakks Pacific tanked after the toymaker cut its outlook late on Friday.
On the upside, Lennar Corp rallied after the housebuilder reported a 14.6% jump in fourth-quarter revenue, while Walt Disney advanced after the spin-off from the Star Wars saga, Rogue One, earned $155m at the box office in its opening weekend in the US and Canada.
S&P 500 - Risers
NRG Energy Inc. (NRG) $12.85 +4.47%
HCP Inc. (HCP) $30.30 +3.98%
Realty Income Corp. (O) $57.33 +3.35%
Legg Mason Inc. (LM) $30.88 +2.56%
Lam Research Corp. (LRCX) $106.99 +2.43%
CA Inc. (CA) $32.72 +2.19%
United Technologies Corp. (UTX) $110.82 +2.12%
Microsoft Corp. (MSFT) $63.62 +2.12%
CH Robinson Worldwide Inc (CHRW) $74.62 +2.07%
Csra Inc. (CSRA) $32.33 +2.05%
S&P 500 - Fallers
Mosaic Company (MOS) $27.77 -6.06%
Alexion Pharmaceuticals Inc. (ALXN) $114.68 -4.47%
CF Industries Holdings Inc. (CF) $28.29 -4.04%
Biogen Inc (BIIB) $278.77 -2.66%
Humana Inc. (HUM) $200.41 -2.54%
Noble Energy Inc. (NBL) $40.25 -2.21%
Aetna Inc. (AET) $124.10 -2.14%
Merck & Co. Inc. (MRK) $61.14 -2.08%
Viacom Inc. Class B (VIAB) $34.49 -2.07%
Freeport-McMoRan Inc (FCX) $13.55 -2.02%
Dow Jones I.A - Risers
United Technologies Corp. (UTX) $110.82 +2.12%
Microsoft Corp. (MSFT) $63.62 +2.12%
Intel Corp. (INTC) $36.90 +1.61%
Walt Disney Co. (DIS) $105.30 +1.34%
Verizon Communications Inc. (VZ) $52.91 +1.22%
Boeing Co. (BA) $156.18 +1.09%
Wal-Mart Stores Inc. (WMT) $71.58 +0.85%
JP Morgan Chase & Co. (JPM) $85.43 +0.58%
Apple Inc. (AAPL) $116.64 +0.57%
Cisco Systems Inc. (CSCO) $30.75 +0.54%
Dow Jones I.A - Fallers
Merck & Co. Inc. (MRK) $61.14 -2.08%
Unitedhealth Group Inc. (UNH) $161.54 -1.46%
Exxon Mobil Corp. (XOM) $90.42 -0.83%
American Express Co. (AXP) $74.55 -0.60%
Chevron Corp. (CVX) $117.65 -0.36%
Visa Inc. (V) $78.10 -0.32%
McDonald's Corp. (MCD) $122.99 -0.20%
Coca-Cola Co. (KO) $41.67 -0.17%
Nike Inc. (NKE) $50.85 -0.14%
Pfizer Inc. (PFE) $32.83 -0.03%
Nasdaq 100 - Risers
Sba Communications Corp. (SBAC) $104.60 +2.77%
Lam Research Corp. (LRCX) $106.99 +2.43%
CA Inc. (CA) $32.72 +2.19%
Microsoft Corp. (MSFT) $63.62 +2.12%
American Airlines Group (AAL) $48.58 +2.01%
Costco Wholesale Corp. (COST) $163.46 +1.90%
Western Digital Corp. (WDC) $68.36 +1.76%
NetEase Inc. Ads (NTES) $216.77 +1.75%
Adobe Systems Inc. (ADBE) $105.29 +1.68%
Intel Corp. (INTC) $36.90 +1.61%
Nasdaq 100 - Fallers
Alexion Pharmaceuticals Inc. (ALXN) $114.68 -4.47%
Liberty Interactive Corporation - Series A Liberty Ventures (LVNTA) $37.22 -3.81%
Biogen Inc (BIIB) $278.77 -2.66%
Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $43.06 -2.42%
Viacom Inc. Class B (VIAB) $34.49 -2.07%
TripAdvisor Inc. (TRIP) $46.45 -1.94%
Shire Plc Ads (SHPG) $168.79 -1.91%
Regeneron Pharmaceuticals Inc. (REGN) $371.75 -1.87%
Incyte Corp. (INCY) $101.13 -1.82% |
| | 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: Tax havens, Lagarde, AstraZeneca, Brexit The UK's overseas territories face renewed pressure to abandon corporate secrecy after 80 MPs joined forces to demand greater financial transparency from offshore havens. The cross-party group is backing an amendment to the government's criminal finances bill on Tuesday that would force Britain's 14 overseas territories to introduce public registers revealing the true owners of locally registered companies. - Guardian
The Radio Times is poised to go into foreign ownership, as German publisher Hubert Burda finalises a deal to buy its parent company. Immediate Media, which struck a £121m deal with BBC Magazines to buy, license or contract publish titles including Top Gear, Top of The Pops and Match of the Day magazines in 2011, could announce the deal before Christmas. - Guardian
Innovia, the manufacturer of the new plastic £5 notes that contain animal fat, has been snapped up by Canadian label and packaging giant CCL Industries for CAN $1.13bn (£680m). The Wigton-based company, which has about 1,200 employees, is currently owned by a consortium of UK private equity investors managed by The Smithfield Group. - Telegraph
Christine Lagarde looked to be safe in her role as the International Monetary Fund's managing director on Monday night after its board gave her its backing, just hours after she was convicted of "negligence" over a huge payout to a business tycoon while she was French finance minister. The IMF board praised the "wide respect and trust" for Mrs Lagarde's leadership as it expressed its "full confidence" in her ability to continue in the role at the upper echelons of international finance. - Telegraph
AstraZeneca has parted company with its head of oncology, who is returning to his native France to take up the post of chief executive of the biotechnology company Innate Pharma. The pharmaceuticals group said that it already had a replacement for Mondher Mahjoubi. Oncology is an important part of the pledge made by Pascal Soriot, Astra's chief executive, to create a new stable of innovative treatments to combat the so-called "patent cliff", when established drugs lose their exclusive status and can replicated and sold by rivals. - The Times
Law firms have advised British banks that they could sue the European Union if it fails to give them a gradual path to Brexit. Banks are pushing for retention of rights that allow them to offer services to clients across the European Union from their London offices. - The 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