| | | | | | | 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 | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks push higher as China data provides a boost Stocks in London kicked off the new year on the front foot, boosted by some encouraging Chinese manufacturing data.
At 0835 GMT, the FTSE 100 was up 0.7% to 7,192.01.
The Caixin manufacturing purchasing managers' index for December printed at 51.9 compared to 50.9 the month before and marking its strongest level since 2013. Analysts had been expecting the index to be unchanged at 50.9.
Spreadex's Connor Campbell said: "Continuing the push it saw at the very end of 2016 the UK index is already eyeing the 7,200 mark, a 50 point-plus rise leaving it within striking distance of that landmark level.
"For now, at least, investors are ignoring the potentially disruptive events littered across 2017 - most pertinent to the FTSE being March's triggering of Article 50 and the impending announcements related to the banking sector's decision whether or not to stay in the UK post-Brexit - to get behind the UK index."
Miners - which are heavily dependent on demand from China - got a lift, with Glencore and Anglo American among the risers.
Firmer oil prices also helped to underpin the mood, as Kuwait delivered on its promise to cut output. West Texas Intermediate was up 0.5% to $53.99 a barrel and Brent crude was 0.4% higher at $57.07.
In corporate news, the London Stock Exchange was in focus after Euronext made a €510m offer to it and clearing house LCH Group, to buy the latter's French-regulated operating subsidiary, LCH SA.
Vodafone edged higher after saying it will receive a €0.6m cash payment after it tied up its VodafoneZiggo joint venture in the Netherlands with Virgin Media owner Liberty Global.
BBA Aviation advanced as it said its aircraft management and charter business has merged with Gama Aviation's US aircraft management business.
Supermarket Morrisons ticked up after cutting the cost of 800 every household items.
InterContinental Hotels Group was a high riser as Barclays upgraded the stock to 'overweight' from 'equalweight'.
On the data front, UK manufacturing PMI is at 0930 GMT. In the US, Markit's manufacturing PMI is at 1445 GMT, while ISM manufacturing PMI and construction spending are at 1500 GMT. |
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| | 2016 market review One City commentator provided what may prove the pithiest and most accurate summary of the last 12 months: “2016 – not for the faint-hearted.” Remarkably, he was speaking not at the end of the year but close to its beginning, when the big story was an apparently endless share price crash on the Shanghai stock market, and associated fears that the emerging market boom had very definitely gone bust. Read More... |
| Market Movers
FTSE 100 (UKX) 7,192.01 0.69%
FTSE 250 (MCX) 18,176.55 0.55%
techMARK (TASX) 3,392.74 0.58%
FTSE 100 - Risers
InterContinental Hotels Group (IHG) 3,794.00p 4.29%
Hargreaves Lansdown (HL.) 1,242.00p 2.39%
Barclays (BARC) 227.95p 2.01%
International Consolidated Airlines Group SA (CDI) (IAG) 449.10p 1.86%
Royal Bank of Scotland Group (RBS) 228.60p 1.78%
Experian (EXPN) 1,602.00p 1.78%
Glencore (GLEN) 282.20p 1.75%
Hikma Pharmaceuticals (HIK) 1,926.00p 1.74%
Worldpay Group (WPG) 274.40p 1.67%
Anglo American (AAL) 1,179.00p 1.64%
FTSE 100 - Fallers
Next (NXT) 4,863.00p -2.41%
Randgold Resources Ltd. (RRS) 6,305.00p -1.71%
Hammerson (HMSO) 569.50p -0.61%
Micro Focus International (MCRO) 2,169.00p -0.46%
Marks & Spencer Group (MKS) 348.80p -0.34%
CRH (CRH) 2,822.00p -0.28%
Fresnillo (FRES) 1,218.00p -0.25%
Old Mutual (OML) 206.80p -0.24%
Sky (SKY) 989.50p -0.15%
Smurfit Kappa Group (SKG) 1,882.00p -0.11%
FTSE 250 - Risers
Paysafe Group (PAYS) 383.60p 3.31%
Restaurant Group (RTN) 334.60p 3.11%
CMC Markets (CMCX) 112.30p 2.93%
Kaz Minerals (KAZ) 366.70p 2.66%
Hays (HAS) 152.90p 2.48%
Genus (GNS) 1,837.00p 2.28%
Weir Group (WEIR) 1,928.00p 2.01%
Rotork (ROR) 245.90p 1.95%
Nostrum Oil & Gas (NOG) 393.50p 1.94%
Telecom Plus (TEP) 1,198.00p 1.87%
FTSE 250 - Fallers
Halfords Group (HFD) 340.30p -6.89%
Allied Minds (ALM) 452.50p -3.72%
Fidessa Group (FDSA) 2,231.00p -2.53%
Jardine Lloyd Thompson Group (JLT) 963.00p -2.18%
PayPoint (PAY) 985.00p -2.09%
Debenhams (DEB) 56.15p -2.01%
Brown (N.) Group (BWNG) 218.10p -1.98%
Countryside Properties (CSP) 244.00p -1.93%
Ibstock (IBST) 182.90p -1.83% |
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| | UK Event Calendar | | Tuesday 03 January
INTERIM DIVIDEND PAYMENT DATE
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INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Construction Spending (US) (15:00)
ISM Manufacturing (US) (15:00)
ISM Prices Paid (US) (15:00)
Unemployment Rate (GER) (08:55)
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| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Basic resources pace the advance on China manufacturing data European stocks rose in early trade, with basic resources pacing the advance following the release of encouraging Chinese manufacturing figures.
At 0900 GMT, the benchmark Stoxx Europe 600 index was up 0.7%, Germany's DAX was up 0.1% and France's CAC 40 was 0.5% firmer.
The Caixin manufacturing purchasing managers' index for December printed at 51.9 compared to 50.9 the month before and marking its strongest level since 2013. Analysts had been expecting the index to be unchanged at 50.9.
Naeem Aslam, chief market analyst at Think Markets, said: "The data provides much support for investor confidence and confirms that the Chinese economy is stabilising. Traders have been latterly anxious that the country's growth is still slowing down, but today's number has assured them that the picture has changed for the better."
Basic resources - demand for which is heavily dependent on China - got a boost, with the Stoxx 600 sub-index for the sector up 1.1%.
Firmer oil prices also helped to underpin the mood, as Kuwait delivered on its promise to cut output. West Texas Intermediate was up 0.7% to $54.13 a barrel and Brent crude was 0.8% higher at $57.26.
In corporate news, Italy's newly-merged BPM Bank rose strongly for the second day in a row.
London Stock Exchange was in focus after Euronext made a €510m offer to it and clearing house LCH Group, to buy the latter's French-regulated operating subsidiary, LCH SA.
Vodafone edged higher after saying it will receive a €0.6m cash payment after it tied up its VodafoneZiggo joint venture in the Netherlands with Virgin Media owner Liberty Global.
BBA Aviation advanced as it said its aircraft management and charter business has merged with Gama Aviation's US aircraft management business.
Supermarket Morrisons ticked up after cutting the cost of 800 every household items.
InterContinental Hotels Group was a high riser as Barclays upgraded the stock to 'overweight' from 'equalweight', but retailer Next was under the cosh following a downgrade from Deutsche Bank. |
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| | US Market Report | | US close: Wall Street closes year with double-digit gains Wall Street ended the last trading week of the year on a down note following the release of a weaker than expected reading on the state of factory activity in the US Midwest and as crude oil prices gave back ground.
Slight losses in crude oil futures and a short-lived spike in the euro against the Greenback, in overnight trading, were also seen as sapping the strength of equities.
The Dow Jones Industrials closed with losses of 0.29% to 19,762.60, while the Nasdaq Composite fell 0.90% or 48.97 points to 5,383.83 and the S&P 500 was off 0.46% to 2,238.83.
For the year as a whole, the Dow Industrials finished with gains of 13.4% and the S&P 500 with an advance of about 9.5%.
Meanwhile, oil prices were off by a smidgen, having gained earlier after data from the US Energy Information Administration on Thursday showed crude inventories rose by 614,000 barrels in the week 23 December, compared with expectations for a 1.2m barrel contraction.
West Texas Intermediate closed the day 15 cents lower at $53.72 a barrel.
From a sector standpoint, the biggest drag came from Mining (-3.10%), Aluminum (-2.80%) and Iron&Steel (-2.38%).
In Europe, the main indices ended the day a tad higher, with banks in focus again. On Thursday, the European Commission approved a six-month extension to allow the Italian government to revamp its banking system. In addition, newspaper reports on Friday suggested troubled lender Banca Monte dei Paschi di Siena is planning to issue €15bn of debt next year to restore liquidity and lift investor confidence.
In London, Royal Bank of Scotland was in the spotlight following reports that small investors in the bank are pushing for it to set up a shareholder committee to give them a bigger say in areas such as executive pay.
A widely-followed barometre of manufacturing sector activity in the US Midwest fell back at the end of 2016, albeit after reaching an almost two-year high in the month before.
Market News International's Chicago factory sector purchasing managers' index slipped from 57.6 in November to a reading of 54.6 for December.
Economists had anticipated a smaller fall in the sometimes volatile index, to 57.0.
Nevertheless, MNI said in a statement that: "after a disappointing start to the fourth quarter, the latest results suggest economic conditions have improved somewhat, with the Barometer averaging 54.3 in Q4, the highest in two years."
The yield on the benchmark 10-year US Treasury note was four basis points lower to 2.44%.
Dow Jones - Risers
Goldman Sachs Group Inc. (GS) $239.45 0.53%
JP Morgan Chase & Co. (JPM) $86.29 0.47%
American Express Co. (AXP) $74.08 0.22%
Travelers Company Inc. (TRV) $122.42 0.11%
3M Co. (MMM) $178.57 0.09%
Boeing Co. (BA) $155.68 -0.01%
Pfizer Inc. (PFE) $32.48 -0.03%
Exxon Mobil Corp. (XOM) $90.26 -0.10%
Chevron Corp. (CVX) $117.70 -0.10%
Wal-Mart Stores Inc. (WMT) $69.12 -0.20%
Dow Jones - Fallers
Microsoft Corp. (MSFT) $62.14 -1.21%
Intel Corp. (INTC) $36.27 -1.06%
McDonald's Corp. (MCD) $121.72 -0.87%
United Technologies Corp. (UTX) $109.62 -0.84%
Cisco Systems Inc. (CSCO) $30.22 -0.79%
Apple Inc. (AAPL) $115.82 -0.78%
Home Depot Inc. (HD) $134.08 -0.76%
Verizon Communications Inc. (VZ) $53.38 -0.67%
Unitedhealth Group Inc. (UNH) $160.04 -0.62%
Caterpillar Inc. (CAT) $92.74 -0.59%
S&P 500 - Risers
Endo International Plc (ENDP) $16.47 5.04%
Cabot Oil & Gas Corp. (COG) $23.36 2.73%
Sl Green Realty Corp. (SLG) $107.55 2.33%
Macerich Co (MAC) $70.84 2.30%
Extra Space Storage (EXR) $77.24 2.18%
Mylan Inc. (MYL) $38.15 2.06%
General Growth Properties Inc. (GGP) $24.98 1.92%
Welltower Inc (HCN) $66.93 1.76%
Boston Properties Inc. (BXP) $125.78 1.71%
Apartment Investment & Management Co. (AIV) $45.45 1.68%
S&P 500 - Fallers
United States Steel Corp. (X) $33.01 -5.33%
Nvidia Corp. (NVDA) $106.74 -4.21%
Newmont Mining Corp. (NEM) $34.07 -3.40%
Alcoa Corporation (AA) $28.08 -2.80%
Skyworks Solutions Inc. (SWKS) $74.66 -2.48%
Nucor Corp. (NUE) $59.52 -2.31%
Freeport-McMoRan Inc (FCX) $13.19 -2.15%
News Corp Class B (NWS) $11.80 -2.07%
Amazon.Com Inc. (AMZN) $749.87 -2.00%
Chesapeake Energy Corp. (CHK) $7.02 -1.96% |
| | Newspaper Round Up | | Tuesday newspaper round-up: Brexit, BHS, property prices Brexit could have an impact on the City in the coming months as banks decide whether to implement contingency plans to ensure they retain access to the remaining 27 EU member states by moving business out of the UK. Theresa May, the prime minister, intends to trigger article 50 - the formal process of exiting the EU - in March and some senior officials in the financial district argue that the rest of Europe could lose out if operations are shifted out of London. - Guardian
The liquidators of BHS are conducting a detailed investigation into property transactions that took place during the regimes of Sir Philip Green and Dominic Chappell, including whether the directors of the retailer breached their duties. Insolvency practitioners have a legal duty to review the conduct of the directors of a collapsed company, but the scope and depth of the BHS investigation is rare. - Guardian
Shopper numbers plunged dramatically at the weekend in a sign that experts said augured badly for the new year. Visits to shopping centres were down by a half on New Year's Day compared with the same day in 2016, according to Springboard retail intelligence. - The Times
Property prices in Britain and other wealthy countries may be set to tumble, the Organisation for Economic Co-operation and Development has warned. The forum for developed economies said that it was monitoring "vulnerable" asset markets, including UK property. "We've already started to see some changes in real estate prices in the UK," Catherine Mann, its chief economist, said. - The Times
A radical plan that would break up BAE Systems' near-monopoly building Britain's warships will never be implemented, according to defence sources. Industrialist Sir John Parker unveiled his independent report on naval shipbuilding last month, having been commissioned to by the government to investigate the subject in the March Budget. - Telegraph
Vacancy numbers stagnated for the fifth consecutive month as cautious employers kept hiring on hold again in November, according to the recruiters of the Association of Professional Staffing Companies (Apsco). The number of available permanent jobs in November was up by just 0.3pc on the same month a year earlier, continuing the trend of low or no growth in hiring which the Association has seen since the EU referendum. - Telegraph | | |
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