Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Friday, 29 December 2017 20:15:25 Monitor Quote Charts News CFD's Compare Brokers Free BB   Stocks for your stocking this Christmas As it’s the season for sharing Ian Forrest, investment research analyst at The Share Centre, comments on five companies that ‘yule’ likely see prosper as a result of the festive season.  Capital at risk. Read more London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Shares hold on to record highs London stocks finished the session little changed as strength in miners helped to offset the positive tone in the pound, although trading volumes and news were light heading into the new year. The FTSE 100 edged up 0.03% to 7,622.88, having earlier breached Wednesday's all-time intra-day high of 7,632.71. Meanwhile, the pound was down 0.18% against the euro at 1.1250 and up 0.31% versus the dollar at 1.3444. Analyst Henry Croft at Accendo Markets said: "The US dollar extending its sell-off, falling to its lowest level since 1 December, has aided the commodities rally, while growth barometer copper trading a fresh four-year high has sparked confidence that global economic growth will be broadly positive in 2018." A survey released earlier by the British Confederation of Industry showed that manufacturers, service sector companies and retailers reported the sharpest rise in output in two years in December. The survey of 642 companies across the three sectors showed growth in the private sector in the three months to December rose to a balance of 19% from a balance of 6% in the three months to November and marking its highest reading since December 2015. Anna Leach, head of economic intelligence at the CBI, said: "Private sector firms are enjoying healthy activity levels, but mediocre expectations for growth underline the ongoing challenges facing companies. Persistent cost pressures will ensure that inflation remains at a high level, perpetuating the squeeze on household spending." Also on Thursday, industry figures showed remortgaging fuelled increased mortgage lending in October but businesses were reluctant to borrow amid economic uncertainty. Gross mortgage borrowing from high street banks was £14.2bn in October - 16% higher than a year earlier, figures from trade association UK Finance showed. House purchase mortgage approvals of 40,488 were down 3% from October 2016 and were below the recent average though there were more first-time buyers, UK Finance said. By contrast, remortgage approvals of 34,036 were 37% higher than a year ago and up on the 27,163 average over the past six months. The Bank of England's clear signal that it would increase interest rates in November triggered a wave of remortgaging activity as borrowers sought to secure ultra-low rates on offer by banks. UK Finance said: "We expect this [trend] to continue in the short - term as our remortgage approvals data shows a large increase of over a third in approvals for October as customers locked in deals ahead of the expected rate rise." Credit card borrowing increased at an annual rate of 5.1%, slightly weaker than the 5.5% pace a month earlier, as consumers and banks responded to the prospect of higher interest rates and Bank of England warnings about lending. Personal loans and overdrafts fell at an annual rate of 2.7% compared with 2.2% a month earlier, reflecting consumers' increasing use of cards for borrowing. Mining stocks put in another strong performance as metals prices rallied, with BHP Billiton, Glencore and Anglo American among the top risers. Elsewhere, Tritax Big Box REIT nudged up as it acquired a national distribution facility at Hickling Road in Cannock, Staffordshire, which is operated and let to Unilever UK for a total consideration of £44.25m. BGEO Group ticked higher as its real estate subsidiary, m2 Real Estate, signed its first major third-party construction contract, the total value of which is $11.6m. BT Group fell as its stock went ex-dividend. Join a Q&A with eToro's top popular investor, Jaynemesis! Understand how he made over 200% returns trading cryptocurrencies this year.  @ 3pm GMT on Friday, 8th December. Click here to tune in! FatPROPHETS Successful stock recommendations since 2000 Fat Prophets is a stock market research house that specialises in assisting value based investors with buy, hold and sell recommendations Click Here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks deliver bumper returns for US dollar investors in 2017 European stocks saw a large decline on the last day of trading of 2017, weighed down by another push higher in the single currency as government bond yields diverged again on either side of the Pond, especially out on the euro area's periphery. By the close of trading, the benchmark Stoxx 600 was off by a very slight 0.36 points to 389.18, helped by an advance in shares of companies in the Basic Resources space, with a gauge for the group jumping 0.83% to 472.79. Milan's FTSE Mibtel on the other hand was down by 1.21% to 21,853.34 after the country's President, Sergio Mattarela called elections for 4 March, perhaps inadvertently giving traders a firm date to hone in on. Germany's Dax was also lower, trading down 0.48% to 12,917.64, with a gain of 0.60% in euro/dollar to 1.2010 exerting a drag after readings on consumer prices in the country overshot economists' forecasts. For 2017 as a whole, the single currency was markedly higher, having kicked the year off from around the 1.05 level in its cross against the US dollar. Despite that headwind, both the Dax and the Mibtel managed to close the year with gains of roughly 13% each. By way of comparison, in local currency terms the S&P 500 notched up an advance of 20%. The rather directionless trading on Friday came on the back of another record close on Wall Street overnight, with the Dow Jones making its 71st record high of the year, but a mixed Asian session. Economic news in the last tarding session of the year was mixed. Spanish consumer price inflation was an early data point for the region, with a below-forecast reading of 1.3% for December after the previous month's 1.8% mark (consensus: 1.5%), according to INE. In Germany on the other hand, the rate of advance in harmonised consumer prices slowed by much less than forecast, from 1.8% year-on-year in November to 1.7% (consensus: 1.5%). Among individual companies, Airbus was down only slightly despite reports that the company could end production of the A380 superjumbo if it does not receive a new order from Emirates. Reports emerged overnight that the Toulouse-headquartered aeroplane maker was drawing up plans to phase out production of the A380, though the company said the claims were "speculation" as talks over new orders were continuing. More positively, China Aircraft Leasing Group inked a deal to purchase 50 Airbus A320neos at a list price of $5.42bn. In other news, German carmaker Volkswagen announced it would ask the country's Constitutional court to revoke the appointment of a special auditor to investigate the possible involvement of management in the diesel emissions scandal. Latest reports from Atlantic Advisory, including GSK, BP, Lloyds....... Available Now: AstraZeneca, Bitcoin, Boohoo.com, BP, Carillion, Glaxo SmithKline, Glencore, Greatland Gold Plc, UK House Prices, Hurrancane Energy, IQE, Lloyds Banking Group, Barclays vs Lloyds, UK Oil and Gas, Provident Financial and Sirius Minerals. Click here to select your FREE REPORTS from Atlantic Advisory CFDs are leveraged products that carry a high level of risk to your capital. US Market Report US open: Dow and S&P 500 hover near record highs on final trading day of 2017 US stocks were little changed in early trade in the final session of the year, although the Dow and the S&P 500 were hovering near record highs in holiday-thinned volumes. At 1500 GMT, the Dow Jones Industrial Average and S&P 500 were flat at 24,832.42 and 2,687.17, respectively, while the Nasdaq was down 0.1% at 6,942.56. On Thursday, the Dow closed at a record for the 71st time this year. Meanwhile, oil prices were at their highest level since mid-2015 following an unexpected drop in American output and a decline in commercial crude inventories. Looking back on the last year, FXTM research analyst Lukman Otunuga said: "Market players marched into the trading year adopting a risk-on attitude, amid growing optimism over Donald Trump pushing ahead with a large fiscal spending package. The 'Trump effect' not only elevated global stocks to 19-month highs in January, but also sent the dollar to its highest level in 14 years. In February, the series of pending elections in Europe, ongoing Brexit developments and heightened Trump uncertainties, made political risk a recurrent theme during the first quarter of 2017. Although during the same month Trump made promises of a 'phenomenal' tax plan, the growing threat of him moving forward with the protectionist policies while overlooking the proposed fiscal stimulus, weighed heavily on investor sentiment. "It was all about Brexit fuelled anxiety and Trump jitters in March, which ultimately supported safe-haven assets such as gold while investors fled to safety. The Federal Reserve moved forward with a 'dovish hike' in the same month which punished the dollar further." In corporate news, Progenics surged 12% after the US FDA said it will review the company's treatment for a rare type of cancer. Netflix ticked a touch higher after the company announced plans to bump up the salary of a number of its top executives next year, pointing to the recently-passed US tax bill. Chief content officer Ted Sarandos will earn a $12m base salary in 2018, having earned $1m a year in the last three years. Shares in Goldman Sachs fell as it emerged it will take a $5bn hit from the US tax reforms that kick in next year. Apple shares were in the red after the technology giant apologised for deliberately slowing down some of its older iPhones. Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 XBT Provider AB 3.10 2 XBT Provider AB 3.03 3 SXX Sirius Minerals plc 2.59 4 IQE IQE plc 2.32 5 XBT Provider AB 2.01 6 VAL Valirx plc 1.82 7 LION Lionsgold Limited 1.43 8 XBT Provider AB 1.31 9 UKOG UK Oil & Gas Investments plc 1.16 10 SMT Scottish Mortgage Investment Trust 1.05 Number of Deals Sold Place EPIC Equity name % 1 XBT Provider AB 3.30 2 XBT Provider AB 2.04 3 LLOY Lloyds Banking Group plc 1.75 4 XBT Provider AB 1.54 5 IQE IQE plc 1.23 6 VAL Valirx plc 1.12 7 UKOG UK Oil & Gas Investments plc 1.06 8 SXX Sirius Minerals plc 1.02 9 LION Lionsgold Limited 1.00 10 RMG Royal Mail PLC 0.96 Following the financial crisis, high street banks have funded fewer SME housebuilders Alternative finance providers are stepping in to fill this void, offering investors high margins and attractive returns. One of these lenders, Clearwell Capital is currently fundraising with a 3-year secured bond paying 10% per annum. Click here to find out more. Capital at risk. Broker Tips Broker tips: Shire, Tullow Oil, Easyjet Liberum has downgraded Shire to 'hold' from 'buy' and cut the price target to 4,100p from 4,200p, saying the risk/reward is more balanced. The brokerage noted that since upgrading the stock mid-November on valuation grounds, the shares are up 14% in dollar terms despite better-than-expected competitor haemophilia data and a small pipeline failure on Tuesday, when the company announced that clinical trials for a drug to treat Hunter syndrome in children, SHP609, failed to meet their primary and secondary endpoints. Liberum had pencilled in around $70m of risk adjusted peak sales for SHP609. Adjusting for the drug trial failure and FX moves - the impact of a stronger pound - Liberum cut its valuation to 4,100p a share, which now implies just 4.5% upside. "We still believe that, if handled right, the update on the neuroscience strategic review due by year end could be a catalyst for the shares, but with fundamental upside now limited the risk/reward is more balanced." Tullow Oil shares were boosted by an upgrade from Jefferies as analysts hiked their crude oil price forecasts for 2018, though Cairn Energy was downgraded due to its strong performance of late. Brent crude will average $63 a barrel in 2018, Jefferies forecast in a pair of Wednesday notes on oil companies, up from its previous $57 expectations, with the WTI forecast upped to $59 per barrel from $54. Analysts said they are "increasingly confident that the oil market will remain undersupplied through 2018" and that oil inventories will fall to five-year average levels in the third quarter of next year. "The incremental tightness in the market is more a function of robust demand that, while broad-based, is underpinned by accelerating Chinese growth," they wrote, expecting the market to remain tight. As a result of these crude price upgrades, forecasts for net asset values across its international exploration and production sector coverage increased on average 15%. Tullow Oil's successful refinancing without further equity dilution "removes a risk we were concerned about" and the new oil price forecast now suggests $741m free cash flow next year and so lifts Jefferies' target 3% to 180p. Tullow shares were therefore upgraded to 'hold' from 'underperform'.   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. 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Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Friday, 29 December 2017 10:02:29 Monitor Quote Charts News CFD's Compare Brokers Free BB   Stocks for your stocking this Christmas As it’s the season for sharing Ian Forrest, investment research analyst at The Share Centre, comments on five companies that ‘yule’ likely see prosper as a result of the festive season.  Capital at risk. Read more London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks build on recent highs in quiet trade London stocks edged a little higher early on Friday on the last trading day of the year - a half day - building on the fresh records seen this week amid low volumes, with little in the way of corporate news and no economic data to provide any momentum. At 0850 GMT, the FTSE 100 was up 0.1% to 7,632.05, having risen to a new record high of 7,636.67 earlier, above the intraday high reached the day before. On Thursday, the index crept to a fresh record close of 7,622.88. Accendo Markets analyst Mike van Dulken said: "Bulls need a break above yesterday's early record peak of 7,635 to extend an already generous 4.6% Santa rally from 7300 on 8 Dec. Bears are equally eager for any downside test of 7,615 that could trigger a retrace." At the same time, the pound was up 0.2% versus the euro at 1.1280 and 0.4% higher against the dollar at 1.3496. In corporate news, Balfour Beatty was in the red after saying it will pay down debt and its full year results will be higher than recently guided after it sold off another chunk of its stake in Connect Plus, the company which operates the M25 orbital motorway. The infrastructure construction specialist sold a 7.5% stake for £62m cash, making an expected £32m profit, to funds managed by Dalmore Capital. Following sales to Dalmore at an identical price earlier this month, Balfour now has a 20% stake in the M25 operating business. Low-cost airline Wizz Air flew higher as it completed and signed documentation with Airbus which, amongst other things, provides for the purchase of 146 Airbus A320neo Family aircraft. This purchase will enable Wizz to deliver on its fleet replacement and expansion plans and to continue delivering strong growth for the next decade. Pharmaceutical giant AstraZeneca was lifted by an upgrade to 'overweight' from 'neutral' at JPMorgan Cazenove. Just Eat was the top riser, rallying after its shares had lost almost 5% over the past month. Join a Q&A with eToro's top popular investor, Jaynemesis! Understand how he made over 200% returns trading cryptocurrencies this year.  @ 3pm GMT on Friday, 8th December. Click here to tune in! Market Movers FTSE 100 (UKX) 7,632.05 0.12% FTSE 250 (MCX) 20,673.16 0.15% techMARK (TASX) 3,534.43 0.17% FTSE 100 - Risers Just Eat (JE.) 775.50p 2.04% AstraZeneca (AZN) 5,065.00p 1.33% NMC Health (NMC) 2,873.00p 1.20% Micro Focus International (MCRO) 2,495.00p 0.89% London Stock Exchange Group (LSE) 3,780.00p 0.85% Hargreaves Lansdown (HL.) 1,800.00p 0.84% Old Mutual (OML) 226.70p 0.80% Rio Tinto (RIO) 3,887.50p 0.76% BHP Billiton (BLT) 1,510.00p 0.70% Worldpay Group (WPG) 425.70p 0.69% FTSE 100 - Fallers Diageo (DGE) 2,676.00p -0.69% Morrison (Wm) Supermarkets (MRW) 217.70p -0.68% Smiths Group (SMIN) 1,484.00p -0.60% Associated British Foods (ABF) 2,817.00p -0.56% RSA Insurance Group (RSA) 621.50p -0.56% Sainsbury (J) (SBRY) 240.60p -0.54% WPP (WPP) 1,344.00p -0.52% Persimmon (PSN) 2,725.05p -0.51% Direct Line Insurance Group (DLG) 374.20p -0.51% Mediclinic International (MDC) 640.50p -0.47% FTSE 250 - Risers Entertainment One Limited (ETO) 326.80p 3.75% Acacia Mining (ACA) 196.70p 3.25% Vectura Group (VEC) 125.07p 2.94% Grafton Group Units (GFTU) 809.50p 2.15% Dignity (DTY) 1,789.25p 2.01% TI Fluid Systems (TIFS) 249.70p 1.92% Kaz Minerals (KAZ) 872.25p 1.54% AA (AA.) 174.80p 1.51% CYBG (CYBG) 337.50p 1.44% JD Sports Fashion (JD.) 340.90p 1.43% FTSE 250 - Fallers PZ Cussons (PZC) 320.00p -1.99% Lancashire Holdings Limited (LRE) 673.50p -1.17% ZPG Plc (ZPG) 325.90p -1.15% Inchcape (INCH) 773.50p -1.15% Hansteen Holdings (HSTN) 142.90p -1.04% Sanne Group (SNN) 798.30p -0.83% Wood Group (John) (WG.) 649.00p -0.76% Indivior (INDV) 402.60p -0.72% TBC Bank Group (TBCG) 1,712.00p -0.70% FatPROPHETS Successful stock recommendations since 2000 Fat Prophets is a stock market research house that specialises in assisting value based investors with buy, hold and sell recommendations Click Here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks on track for best year since 2013 European stocks were flattish after almost an hour on the last day of trading in 2017 as the bloc heads for its best stock market performance in four years. The benchmark Stoxx 600 was up a very slight 0.23 points to 389.77, with German and Italian stocks trading slightly lower while French and UK stocks were in positive territory. Germany's Dax was down 10 points to 12,969.87 and France's CAC 40 barely one point higher 5340.18. The Stoxx 600 index is on track to have gained almost 8% over the past 12 months, which would be its best year since 2013. The rather directionless trading on Friday came on the back of another record close on Wall Street overnight, with the Dow Jones making its 71st record high of the year, but a mixed Asian session. Continued US dollar weakness was keeping both the UK and German stock benchmarket from making too much progress beyond breakeven, said analyst Mike van Dulken at Accendo Markets. "However, gains for dual listed miners down-under, in spite of a negative close for the important Aussie ASX index, offers hope to buoy London year-end sentiment thanks to strength for copper and oil on a combination of global growth optimism and expectations of tighter supply." Spanish consumer price inflation was an early data point for the region, with a below-forecast reading of 1.3% for December after the previous month's 1.8% mark. Later on, some traders will be focusing on German inflation at 1300 GMT, where the consumer price index is forecast to ease to 1.5% year-on-year from 1.8%, with the harmonised index of consumer prices dropping to 1.4% from 1.8%. However the month-on-month measure of CPI is seen picking up to 0.5% from 0.3%. After that there is the US Baker Hughes US rig count at 1800 GMT to provide indication on US oil production. Among individual companies, Airbus was down only slightly despite reports that the company could end production of the A380 superjumbo if it does not receive a new order from Emirates. Reports emerged overnight that the Toulouse-headquartered aeroplane maker was drawing up plans to phase out production of the A380, though the company said the claims were "speculation" as talks over new orders were continuing. Latest reports from Atlantic Advisory, including GSK, BP, Lloyds....... Available Now: AstraZeneca, Bitcoin, Boohoo.com, BP, Carillion, Glaxo SmithKline, Glencore, Greatland Gold Plc, UK House Prices, Hurrancane Energy, IQE, Lloyds Banking Group, Barclays vs Lloyds, UK Oil and Gas, Provident Financial and Sirius Minerals. Click here to select your FREE REPORTS from Atlantic Advisory CFDs are leveraged products that carry a high level of risk to your capital. US Market Report US close: Slight gains for stocks in subdued trading ahead of year-end US stocks edged higher on Wednesday as investors digested the latest data on home sales and consumer confidence, with volumes light as many traders were still away from their desks for the holidays. At the closing bell, the Dow Jones Industrial Average was up by 0.11% to 24,774.30, alongside a gain of 0.08% for the S&P 500 to 2,682.62 and a 0.04% advance on the Nasdaq Composite to 6,939.34. Significantly, the yield on the benchmark 10-year US Treasury note fell by seven basis points to 2.41%, pushing the 2-10 year spread back towards the decade-lows hit at the start of December, which in turn acted as a drag on the greenback. From a sector standpoint, the strongest segments of the market were: Aluminum (2.90%), Transportation (1.69%), Hotels (1.30%), Gambling (1.02%) and Railroads (0.91%). Oanda analyst Craig Erlam said: "This period between Christmas and New Year is often very quiet, with politicians and central banks endeavouring to wrap everything up ahead of the holiday period. With the US having got tax reform over the line last week and kicked the budget issue back to January at the last minute, investors have been left with little to turn their attention to. "News flow aside, trade during this week is often very thin with large numbers of people taking the week off and the lack of volatility we've seen so far isn't exactly drawing traders back in. With the data calendar not looking particularly full over the coming days, I don't hold much hope for conditions improving dramatically." In corporate news, shares of Boeing nudged higher after Morocco's Royal Air Maroc said it ordered four 787-9 Dreamliners valued at $1.1bn at list prices. Apple was a little weaker following reports the technology giant is being sued for slowing down older iPhone models to compensate for poor battery performance. Shares of Pareteum Corp were in the red following sharp gains in the previous session, when the company said it had "completed development enabling it to add support of Blockchain technology to its billing and settlement services". Horizon Pharma rose after the company said it has received US Food and Drug Administration approval to expand the indication for its treatment for nephropathic cystinosis, a life-threatening metabolic disorder. Electric car maker Tesla was in the red after chief executive Elon Musk promised to make a pick-up truck as part of future plans for the company. Musk made the pledge on Twitter after asking followers for suggestions about how the company could improve. Also on Wednesday KeyBanc cut its fourth-quarter estimates for Model 3 deliveries to around 5,000 from 15,000. On the data front, pending home sales in the US edged higher last month, according to one of the sector's leading industry groups, but existing home sales were seen flatlining in 2018 due to sharp price growth and the impact of recently approved changes to the country's tax laws. The National Association of Realtors' pending home sales index increased at a 0.2% month-on-month clip in November to reach 109.5, versus expectations for a 0.5% drop, and was left standing 0.8% above its year-earlier level. "The strengthening economy, and expectation that more millennials will want to buy, serve as promising signs for solid homebuying demand next year, while also putting additional pressure on inventory levels and affordability," said NAR chief economist Lawrence Yun. "Sales do have room for growth in most areas, but nationally, overall activity could be slightly negative. Markets with high home prices and property taxes will likely feel some impact from the reduced tax benefits of owning a home." Elsewhere, data revealed that consumer confidence declined in December a month after hitting a 17-year high, although optimism among Americans this year was the highest since 2000. The Conference Board's consumer confidence index fell to 122.1 in December from a revised 128.6 in November, missing expectations for a reading of 127.5. Dow Jones - Risers Visa Inc. (V) $114.03 0.91% McDonald's Corp. (MCD) $172.67 0.81% Caterpillar Inc. (CAT) $157.50 0.69% American Express Co. (AXP) $99.14 0.57% Unitedhealth Group Inc. (UNH) $220.42 0.37% Microsoft Corp. (MSFT) $85.71 0.36% Johnson & Johnson (JNJ) $140.56 0.34% Pfizer Inc. (PFE) $36.32 0.33% United Technologies Corp. (UTX) $127.57 0.32% 3M Co. (MMM) $236.20 0.32% Dow Jones - Fallers Nike Inc. (NKE) $62.94 -1.10% Goldman Sachs Group Inc. (GS) $255.97 -0.69% Walt Disney Co. (DIS) $107.64 -0.44% Procter & Gamble Co. (PG) $92.10 -0.41% Chevron Corp. (CVX) $125.48 -0.34% General Electric Co. (GE) $17.38 -0.29% Exxon Mobil Corp. (XOM) $83.88 -0.10% Home Depot Inc. (HD) $190.15 -0.09% Travelers Company Inc. (TRV) $134.76 -0.01% Dowdupont Inc. (DWDP) $71.43 -0.00% S&P 500 - Risers Spectra Energy Corp. (SE) $13.38 2.92% Alcoa Corporation (AA) $51.84 2.90% Marriott International - Class A (MAR) $136.25 2.21% Qorvo, Inc. (QRVO) $67.26 2.06% Carnival Corp. (CCL) $66.75 1.63% H&R Block Inc. (HRB) $26.44 1.52% Wyndham Worldwide Corp. (WYN) $115.37 1.28% Union Pacific Corp. (UNP) $136.30 1.25% Applied Materials Inc. (AMAT) $51.68 1.23% Western Digital Corp. (WDC) $80.96 1.20% S&P 500 - Fallers Macy's Inc. (M) $25.64 -4.51% Chesapeake Energy Corp. (CHK) $3.88 -3.00% Viacom Inc. Class B (VIAB) $30.98 -2.79% Kohls Corp. (KSS) $55.29 -2.78% L Brands Inc (LB) $61.26 -2.70% NRG Energy Inc. (NRG) $27.70 -2.58% Discovery Communications Inc. Class C (DISCK) $21.74 -2.51% Celgene Corp. (CELG) $104.46 -2.35% Discovery Communications Inc. Class A (DISCA) $23.05 -2.21% Frontier Communications Co. (FTR) $6.81 -2.16% Nasdaq 100 - Risers Marriott International - Class A (MAR) $136.25 2.21% Align Technology Inc. (ALGN) $226.45 1.30% Applied Materials Inc. (AMAT) $51.68 1.23% Western Digital Corp. (WDC) $80.96 1.20% Incyte Corp. (INCY) $96.51 1.16% Fastenal Co. (FAST) $54.71 1.07% Wynn Resorts Ltd. (WYNN) $170.21 0.94% Facebook Inc. (FB) $177.62 0.93% Symantec Corp. (SYMC) $28.45 0.78% Ctrip.Com International Ltd. Ads (CTRP) $44.64 0.77% Nasdaq 100 - Fallers Liberty Global Plc Lilac Class C (LILAK) $20.49 -3.49% Liberty Interactive Corporation - Series A Liberty Ventures (LVNTA) $54.08 -3.36% Liberty Global Plc Lilac Class A (LILA) $20.71 -3.18% Celgene Corp. (CELG) $104.46 -2.35% Charter Communications Inc. (CHTR) $333.25 -2.10% Tesla Inc (TSLA) $311.64 -1.78% Liberty Interactive Corporation QVC Group (QVCA) $25.34 -1.55% Dish Network Corp. (DISH) $47.67 -1.39% Hasbro Inc (HAS) $91.67 -1.22% Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 XBT Provider AB 3.10 2 XBT Provider AB 3.03 3 SXX Sirius Minerals plc 2.59 4 IQE IQE plc 2.32 5 XBT Provider AB 2.01 6 VAL Valirx plc 1.82 7 LION Lionsgold Limited 1.43 8 XBT Provider AB 1.31 9 UKOG UK Oil & Gas Investments plc 1.16 10 SMT Scottish Mortgage Investment Trust 1.05 Number of Deals Sold Place EPIC Equity name % 1 XBT Provider AB 3.30 2 XBT Provider AB 2.04 3 LLOY Lloyds Banking Group plc 1.75 4 XBT Provider AB 1.54 5 IQE IQE plc 1.23 6 VAL Valirx plc 1.12 7 UKOG UK Oil & Gas Investments plc 1.06 8 SXX Sirius Minerals plc 1.02 9 LION Lionsgold Limited 1.00 10 RMG Royal Mail PLC 0.96 Cryptocurrencies Report Top Cryptocurrencies # Name Market Cap($) Price(%) Change Price Graph(3m) 1 Bitcoin (BTC) 248,350,352,799 14,323.26 -0.05% 2 Ethereum (ETH) 72,536,301,416 722.6 +1.06% 3 Ripple (XRP) 62,512,583,257 1.49 +19.56% 4 Bitcoin Cash / BCC (BCH) 42,617,280,525 2,406.79 -3.08% 5 Litecoin (LTC) 13,482,187,579 242.47 -2.04%   See our full list of cryptocurrencies Following the financial crisis, high street banks have funded fewer SME housebuilders Alternative finance providers are stepping in to fill this void, offering investors high margins and attractive returns. One of these lenders, Clearwell Capital is currently fundraising with a 3-year secured bond paying 10% per annum. Click here to find out more. Capital at risk. Newspaper Round Up Friday newspaper round-up: UK wages, lack of staff, RBS, Thomas Cook Britain is set to have the worst wage growth of any wealthy nation next year, ranking behind Italy, Greece and Hungary, according to analysis by the TUC. The UK is forecast to come bottom from 32 Organisation for Economic Co-operation and Development wealthy nations for wage performance in 2018, according to the study of OECD figures by the unions’ umbrella group. - Guardian British businesses are already suffering from a lack of workers as EU staff quit their jobs and leave the country, and continental sources of labour dry up. Hotels and hospitality firms fear they may have to close as a result, while engineering and manufacturing companies are considering moving overseas to find the staff they need - harming British workers in the process. - Telegraph The A380 superjumbo could be running out of runway after reports that Airbus will end production of the world's largest commercial aircraft if it does not receive a new order from Emirates. Airbus did not deny reports last night that it was drawing up plans to phase out production of the A380. - The Times British companies need "unity, clarity and certainty" from politicians rather than the constantly changing policies of the past year if business is to thrive in 2018, according to the CBI. In a year-end letter to members which also set out priorities for the the next 12 months, Carolyn Fairbairn, director-general of the business lobby group called for an end to the near-total focus on Brexit after what she described as a "jaw-dropping, roller-coaster" year. - Telegraph Britain's biggest oil and gas pipeline should resume normal flows around the new year, its operator said yesterday. Ineos previously had expected the Forties pipeline, which was shut on December 11 because of a crack, to resume normal operations early next month. - The Times Passengers lost at least 3.6m hours due to significantly delayed trains in 2016-17, according to research. Delays of at least half an hour affected 7.2m passenger journeys in Britain, the consumer group Which? said, with Virgin Trains East Coast having the highest proportion of significant delays, followed by Virgin Trains West Coast and CrossCountry. - Guardian Small shareholders in Royal Bank of Scotland have mounted a fresh bid to overhaul the state-backed bank's governance processes to give themselves more of a say in how it is run. ShareSoc, a not-for-profit group that represents retail investors, claimed 100 RBS shareholders had backed its call for RBS to create a shareholder committee and that it would be pressing for a vote on the matter at its AGM in May. - Telegraph A scheme to make pubs and bars pay towards policing the night-time economy raised less than £4 million in five years. Eight licensing authorities have brought in a late night levy, according to figures from the Home Office, despite its estimate that more than ten times that number would seek to impose one. - The Times France will demand that Britain pays for new customs infrastructure at its ports after Brexit, it emerged today. President Macron is expected to demand that the government shares the cost of building new posts at Calais, Dunkirk and other ports when he meets Theresa May next month. - The Times Thomas Cook will launch a bank in Britain next year in a partnership with one of Europe's largest digital lenders and with the aim of slashing the cost of paying for items in foreign currencies. The travel company is joining forces with Ferratum, a Finnish lender that already has a mobile bank in five European countries. - The Times Britain's homes could be lit and powered by windfarms surrounding an artificial island deep out in the North Sea, under advanced plans by a Dutch energy network. The radical proposal envisages an island being built to act as a hub for vast offshore windfarms that would eclipse today's facilities in scale. Dogger Bank, 125km (78 miles) off the East Yorkshire coast, has been identified as a potentially windy and shallow site. - Guardian SoftBank has bought a major stake in Uber at a steep 30pc discount, after a chaotic year in which the ride-hailing firm faced a string of scandals, saw its chief executive resign and was hit with UK city bans. According to a source familiar with the deal, Uber's shareholders have agreed to sell more than a 14pc stake to an investor group led by SoftBank, crossing the threshold needed for the deal to complete. - Telegraph Apple will cut the price of replacement iPhone batteries by two-thirds as it confronts a backlash after admitting that it slows down old handsets. Faced with legal claims of hundreds of billions of dollars, the company issued a lengthy apology yesterday. - The Times Ratings agency Moody's has downgraded embattled South African retailer Steinhoff International over concerns about its looming debt pile and its liquidity. Moody's has given three parts of the company a CAA1 rating, meaning it considers it a very high credit risk. The rating is the 17th of 21 possible levels. - Telegraph India's richest man confirmed yesterday that he was buying telecoms assets from his younger brother, adding a humiliating twist to a bitter feud between the two men who control Asia's largest family fortune. Mukesh Ambani is buying telecoms towers, fibre-optic cables and airwaves owned by his brother Anil's indebted Reliance Communications, 15 months after Mukesh sparked a ferocious price war in India's telecoms market with the launch of Jio, a rival mobile operator into which Reliance Industries, his oil conglomerate, pumped about $30 billion.- The Times   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

Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Thursday, 28 December 2017 20:14:58 Monitor Quote Charts News CFD's Compare Brokers Free BB   Stocks for your stocking this Christmas As it’s the season for sharing Ian Forrest, investment research analyst at The Share Centre, comments on five companies that ‘yule’ likely see prosper as a result of the festive season.  Capital at risk. Read more London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Shares hold on to record highs London stocks finished the session little changed as strength in miners helped to offset the positive tone in the pound, although trading volumes and news were light heading into the new year. The FTSE 100 edged up 0.03% to 7,622.88, having earlier breached Wednesday's all-time intra-day high of 7,632.71. Meanwhile, the pound was down 0.18% against the euro at 1.1250 and up 0.31% versus the dollar at 1.3444. Analyst Henry Croft at Accendo Markets said: "The US dollar extending its sell-off, falling to its lowest level since 1 December, has aided the commodities rally, while growth barometer copper trading a fresh four-year high has sparked confidence that global economic growth will be broadly positive in 2018." A survey released earlier by the British Confederation of Industry showed that manufacturers, service sector companies and retailers reported the sharpest rise in output in two years in December. The survey of 642 companies across the three sectors showed growth in the private sector in the three months to December rose to a balance of 19% from a balance of 6% in the three months to November and marking its highest reading since December 2015. Anna Leach, head of economic intelligence at the CBI, said: "Private sector firms are enjoying healthy activity levels, but mediocre expectations for growth underline the ongoing challenges facing companies. Persistent cost pressures will ensure that inflation remains at a high level, perpetuating the squeeze on household spending." Also on Thursday, industry figures showed remortgaging fuelled increased mortgage lending in October but businesses were reluctant to borrow amid economic uncertainty. Gross mortgage borrowing from high street banks was £14.2bn in October - 16% higher than a year earlier, figures from trade association UK Finance showed. House purchase mortgage approvals of 40,488 were down 3% from October 2016 and were below the recent average though there were more first-time buyers, UK Finance said. By contrast, remortgage approvals of 34,036 were 37% higher than a year ago and up on the 27,163 average over the past six months. The Bank of England's clear signal that it would increase interest rates in November triggered a wave of remortgaging activity as borrowers sought to secure ultra-low rates on offer by banks. UK Finance said: "We expect this [trend] to continue in the short - term as our remortgage approvals data shows a large increase of over a third in approvals for October as customers locked in deals ahead of the expected rate rise." Credit card borrowing increased at an annual rate of 5.1%, slightly weaker than the 5.5% pace a month earlier, as consumers and banks responded to the prospect of higher interest rates and Bank of England warnings about lending. Personal loans and overdrafts fell at an annual rate of 2.7% compared with 2.2% a month earlier, reflecting consumers' increasing use of cards for borrowing. Mining stocks put in another strong performance as metals prices rallied, with BHP Billiton, Glencore and Anglo American among the top risers. Elsewhere, Tritax Big Box REIT nudged up as it acquired a national distribution facility at Hickling Road in Cannock, Staffordshire, which is operated and let to Unilever UK for a total consideration of £44.25m. BGEO Group ticked higher as its real estate subsidiary, m2 Real Estate, signed its first major third-party construction contract, the total value of which is $11.6m. BT Group fell as its stock went ex-dividend. Join a Q&A with eToro's top popular investor, Jaynemesis! Understand how he made over 200% returns trading cryptocurrencies this year.  @ 3pm GMT on Friday, 8th December. Click here to tune in! FatPROPHETS Successful stock recommendations since 2000 Fat Prophets is a stock market research house that specialises in assisting value based investors with buy, hold and sell recommendations Click Here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Rise in single currency weighs on shares A late bout of selling sent stocks lower as traders pushed the single currency higher going into the end of the year. By the close of trading, the benchmark Stoxx 600 was down by 0.26% or 1.0 point at 389.54, alongside a fall of of 0.55% to 5,339.42 for the Cac-40 and a drop of 0.36% for the FTSE Mibtel to 22,120.95. The German Dax, which is heavily weighted towards exporters, fared worst, surrendering 0.69% to end the day at 12,979.94. Meanwhile, the US dollar spot index was 0.45% lower to 92.61 while euro/dollar headed in the opposite direction, tacking on 0.49% to trade at 1.1960. On Wednesday, the yield on the benchmark 10-year US Treasury note declined by seven basis points to 2.41%, pushing the spread with the yield on two-year government debt to the near-decade low hit in early December, which had in turned weighed on the dollar. Come Thursday, government bonds on both side of the Atlantic were retracing the prior session's moves, but more so those from euro area countries, meaning that yields were climbing faster on this side of the Pond. Commenting on those movements in the US Treasury market, Craig Erlam, senior market analyst at Oanda, said: "The US dollar is trading lower for a second day on Thursday, still struggling after yields on Treasuries slipped on Wednesday. The flattening of the yield curve has triggered concerns that investors are possibly pricing in a slowing of the economy or even a recession and while this has historically happened on such expectations, I'm not convinced this is the case this time. "Given the current environment, it's possible that this is more a reflection of longer term interest rates and the low inflation environment than the economic prospects. Still, if yields on long term US debt don't rise or even fall as the Fed raises interest rates, it could fuel fears of an impending recession." In the background, deadly attacks overnight in Russia and Afghanistan reminded investors of the current difficult geopolitical backdrop. On Wednesday evening, the explosion of a home-made bomb sowed chaos in a St.Petersburg supermarket, wounding at least 10 shoppers. Further afield, a suicide attack on an office of Afghan Voice, in Kabul, claimed at least 40 victims. On the corporate front, Lufthansa was in the spotlight after Germany's anti-trust officials queried for further information on ticket prices after receiving complaints of price hikes in the wake of rival Air Berlin's demise. Elsewhere, four of Italian lender Intesa San Paolo's top executives will step down in coming days, local daily Il Messaggero reported. In other news, Standard&Poor's revised its outlook on the long-term corporate debt of Fressenius Medical Care from 'stable' to 'positive'. Latest reports from Atlantic Advisory, including GSK, BP, Lloyds....... Available Now: AstraZeneca, Bitcoin, Boohoo.com, BP, Carillion, Glaxo SmithKline, Glencore, Greatland Gold Plc, UK House Prices, Hurrancane Energy, IQE, Lloyds Banking Group, Barclays vs Lloyds, UK Oil and Gas, Provident Financial and Sirius Minerals. Click here to select your FREE REPORTS from Atlantic Advisory CFDs are leveraged products that carry a high level of risk to your capital. US Market Report US open: Stocks flat as investors digest data slew amid light volumes US stocks were little changed at the open on Thursday as investors sifted through a slew of data releases on an otherwise quiet day, with little in the way of corporate news and volumes thin ahead of the new year. At 1520 GMT, the Dow Jones Industrial Average was up 0.2% to 24,816.49, while the S&P 500 and Nasdaq were flat at 2,683.57 and 6,940.05, respectively. Oanda analyst Craig Erlam said: "The US dollar is trading lower for a second day on Thursday, still struggling after yields on Treasuries slipped on Wednesday. The flattening of the yield curve has triggered concerns that investors are possibly pricing in a slowing of the economy or even a recession and while this has historically happened on such expectations, I'm not convinced this is the case this time. "Given the current environment, it's possible that this is more a reflection of longer term interest rates and the low inflation environment than the economic prospects. Still, if yields on long term US debt don't rise or even fall as the Fed raises interest rates, it could fuel fears of an impending recession." There was some good news on the data front, as the Chicago purchasing managers' index showed a rise to 67.6 this month - its highest since March 2011 - from 63.9 in November, versus expectations for a reading of 62. Elsewhere, data from the Labor Department showed the number of Americans filing for unemployment benefits was steady last week, according to data from the Labor Department. US initial jobless claims were unchanged from the previous week's unrevised average of 245,000. Economists had been expecting claims to drop to 240,000. Meanwhile, the four-week moving average came in at 237,750, up 1,750 from the previous week's unrevised average of 236,000. Meanwhile, preliminary figures from the Commerce Department revealed that America's shortfall on its foreign trade in goods widened last month, as import growth continued to outpace that in the country's exports. The goods deficit increased by 2.3% month-on-month to reach $69.7bn versus consensus expectations for $68.0bn. Import rose sharply, increasing by 2.7% to reach $203.4bn while exports were 2.9% higher to $133.7bn. Unsurprisingly given the time of year, corporate news was thin on the ground. Shares in trucking company JB Hunt fell after it issued fourth-quarter guidance that missed analysts' expectations. Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 XBT Provider AB 3.10 2 XBT Provider AB 3.03 3 SXX Sirius Minerals plc 2.59 4 IQE IQE plc 2.32 5 XBT Provider AB 2.01 6 VAL Valirx plc 1.82 7 LION Lionsgold Limited 1.43 8 XBT Provider AB 1.31 9 UKOG UK Oil & Gas Investments plc 1.16 10 SMT Scottish Mortgage Investment Trust 1.05 Number of Deals Sold Place EPIC Equity name % 1 XBT Provider AB 3.30 2 XBT Provider AB 2.04 3 LLOY Lloyds Banking Group plc 1.75 4 XBT Provider AB 1.54 5 IQE IQE plc 1.23 6 VAL Valirx plc 1.12 7 UKOG UK Oil & Gas Investments plc 1.06 8 SXX Sirius Minerals plc 1.02 9 LION Lionsgold Limited 1.00 10 RMG Royal Mail PLC 0.96 Following the financial crisis, high street banks have funded fewer SME housebuilders Alternative finance providers are stepping in to fill this void, offering investors high margins and attractive returns. One of these lenders, Clearwell Capital is currently fundraising with a 3-year secured bond paying 10% per annum. Click here to find out more. Capital at risk. Broker Tips Broker tips: Shire, Tullow Oil, Easyjet Liberum has downgraded Shire to 'hold' from 'buy' and cut the price target to 4,100p from 4,200p, saying the risk/reward is more balanced. The brokerage noted that since upgrading the stock mid-November on valuation grounds, the shares are up 14% in dollar terms despite better-than-expected competitor haemophilia data and a small pipeline failure on Tuesday, when the company announced that clinical trials for a drug to treat Hunter syndrome in children, SHP609, failed to meet their primary and secondary endpoints. Liberum had pencilled in around $70m of risk adjusted peak sales for SHP609. Adjusting for the drug trial failure and FX moves - the impact of a stronger pound - Liberum cut its valuation to 4,100p a share, which now implies just 4.5% upside. "We still believe that, if handled right, the update on the neuroscience strategic review due by year end could be a catalyst for the shares, but with fundamental upside now limited the risk/reward is more balanced." Tullow Oil shares were boosted by an upgrade from Jefferies as analysts hiked their crude oil price forecasts for 2018, though Cairn Energy was downgraded due to its strong performance of late. Brent crude will average $63 a barrel in 2018, Jefferies forecast in a pair of Wednesday notes on oil companies, up from its previous $57 expectations, with the WTI forecast upped to $59 per barrel from $54. Analysts said they are "increasingly confident that the oil market will remain undersupplied through 2018" and that oil inventories will fall to five-year average levels in the third quarter of next year. "The incremental tightness in the market is more a function of robust demand that, while broad-based, is underpinned by accelerating Chinese growth," they wrote, expecting the market to remain tight. As a result of these crude price upgrades, forecasts for net asset values across its international exploration and production sector coverage increased on average 15%. Tullow Oil's successful refinancing without further equity dilution "removes a risk we were concerned about" and the new oil price forecast now suggests $741m free cash flow next year and so lifts Jefferies' target 3% to 180p. Tullow shares were therefore upgraded to 'hold' from 'underperform'.   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