| | | | | | | 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 nudge lower as investors await non-farm payrolls Stocks in London nudged lower in early trade as investors erred on the side of caution ahead of the US non-farm payrolls report.
At 0830 GMT, the FTSE 100 was down 0.2% to 7,184.38. On Thursday, the index hit its sixth consecutive all-time high.
Meanwhile, oil prices slipped a touch despite the start of supply cuts by Saudi Arabia and Abu Dhabi. West Texas Intermediate was down 0.2% to $53.64 a barrel and Brent crude was off 0.3% at $56.71.
There are no major UK data releases due but the US non-farm payrolls report is at 1330 GMT, along with the unemployment rate and average hourly earnings.
Analysts expect the data show the US economy added 178,000 jobs in December, the same as November, but below the 12-month average of 193,000.
Meanwhile, the unemployment rate is expected to have edged up to 4.7% from 4.6% in November.
David Morrison, senior market strategist at SpreadCo, said: "Market participants appear to be hanging back ahead of today's first Non-Farm Payroll release of 2017. This will also be the first update since last month when the US Federal Reserve raised its key fed funds rate for only the second time in 10 years.
"As far as investors are concerned, anything above 150,000 is broadly positive - even if it glosses over the fact that job gains over the last few years have mainly been low wage and low skilled while job losses have come from higher paying sectors, such as the shale oil industry."
On the corporate front, budget airline easyJet flew higher after it said passenger numbers jumped 15.1% to 5.57m in December, compared to the same month the previous year, while the load factor rose 3.3 percentage points to 89.9%.
Clarkson was in the black after it confirmed that full-year results for 2016 are likely to be in line with expectations.
Interdealer broker TP ICAP, formerly Tullett Prebon, gained ground as it said it saw increased trading activity in the final quarter of 2016 and expects an increase in revenue for the year.
Engineering group Fenner surged after saying it expects results for the current financial year to be "comfortably above" previous expectations amid stronger order intake and improved customer enquiries.
Manufacturing company Rotork and engineer Smiths Group were both on the front foot after Goldman Sachs initiated coverage of the stocks at 'buy'.
British American Tobacco nudged a touch higher after RBC Capital Markets upped its stance on the stock to 'sector perform' from 'underpeform'.
On the downside, consumer credit lender International Personal Finance tumbled as it said it would appeal against a decision by the Polish tax authority regarding the accounts of its Polish business for the 2008 financial year. |
| | Share tips 2017 Prudential low risk International insurance and investment product supplier Prudential has had a successful 2016 with the company raising its dividend, reporting an increase in profits whilst all the time continuing to benefit from favourable structural opportunities in its key markets, particularly in Asia. Investors should appreciate that although the group’s Asian exposure is a risk due to the volatility of Asian markets, the demographics of many Asian regions, and the rise of the middle class, should provide a good growth story for Prudential for some time to come. Prudential believes it has adequate capital surplus to withstand further significant deterioration in the European market, which should provide some reassurance to investors. Furthermore, the group’s asset management business M&G continues its expansion into Europe and its retail funds are registered for sale in 20 regions. Ultimately, this is a company which has a good mix of business across a number of regions, with a long-term Asia growth story underpinning the investment case. Read More... Capital at Risk |
| Market Movers
FTSE 100 (UKX) 7,184.38 -0.15%
FTSE 250 (MCX) 18,332.29 0.13%
techMARK (TASX) 3,424.32 -0.07%
FTSE 100 - Risers
Lloyds Banking Group (LLOY) 65.70p 1.62%
Smiths Group (SMIN) 1,443.00p 1.26%
Worldpay Group (WPG) 281.50p 1.22%
Smurfit Kappa Group (SKG) 1,994.00p 1.06%
Persimmon (PSN) 1,953.00p 0.67%
Intu Properties (INTU) 280.80p 0.65%
International Consolidated Airlines Group SA (CDI) (IAG) 470.90p 0.62%
British Land Company (BLND) 631.00p 0.56%
Coca-Cola HBC AG (CDI) (CCH) 1,778.00p 0.51%
Land Securities Group (LAND) 1,048.00p 0.48%
FTSE 100 - Fallers
Fresnillo (FRES) 1,354.00p -3.15%
Marks & Spencer Group (MKS) 324.80p -1.81%
Randgold Resources Ltd. (RRS) 6,590.00p -1.72%
Tesco (TSCO) 196.40p -1.33%
Anglo American (AAL) 1,132.50p -1.09%
Rio Tinto (RIO) 3,077.00p -1.08%
Glencore (GLEN) 287.85p -1.03%
Barratt Developments (BDEV) 492.70p -0.96%
Merlin Entertainments (MERL) 456.10p -0.89%
Mondi (MNDI) 1,650.00p -0.78%
FTSE 250 - Risers
TP ICAP (TCAP) 474.60p 9.51%
IP Group (IPO) 187.47p 3.17%
Virgin Money Holdings (UK) (VM.) 332.20p 2.88%
Rotork (ROR) 256.10p 2.56%
PayPoint (PAY) 989.50p 2.43%
Daejan Holdings (DJAN) 6,195.00p 2.31%
Renishaw (RSW) 2,718.00p 2.18%
Redefine International (RDI) 39.23p 2.00%
Amec Foster Wheeler (AMFW) 490.00p 1.39%
Drax Group (DRX) 384.90p 1.34%
FTSE 250 - Fallers
International Personal Finance (IPF) 150.50p -14.44%
Morgan Advanced Materials (MGAM) 284.00p -2.41%
Computacenter (CCC) 785.50p -2.24%
Entertainment One Limited (ETO) 228.30p -1.89%
Centamin (DI) (CEY) 139.70p -1.55%
Indivior (INDV) 301.20p -1.41%
Bovis Homes Group (BVS) 806.50p -1.35%
Brewin Dolphin Holdings (BRW) 302.50p -1.24%
Ferrexpo (FXPO) 130.00p -1.22% |
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| | UK Event Calendar | | Friday 06 January
INTERIM DIVIDEND PAYMENT DATE
Atkins (WS), Big Yellow Group, Caffyns, Homeserve, JD Sports Fashion, Montanaro European Smaller Companies Trust, Pets at Home Group , Severn Trent, Shanks Group
INTERIM EX-DIVIDEND DATE
Zhejiang Expressway Co 'H' Shares
QUARTERLY PAYMENT DATE
Land Securities Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (US) (13:30)
Business Climate Indicator (EU) (10:00)
Consumer Confidence (EU) (10:00)
Economic Sentiment Indicator (EU) (10:00)
Factory Orders (GER) (07:00)
Factory Orders (US) (15:00)
Industrial Confidence (EU) (10:00)
Non-Farm Payrolls (US) (13:30)
Retail Sales (EU) (10:00)
Retail Sales (GER) (07:00)
Unemployment Rate (US) (13:30)
FINALS
C4X Discovery Holdings
SPECIAL DIVIDEND PAYMENT DATE
British Empire Trust
FINAL DIVIDEND PAYMENT DATE
British Empire Trust, Waterman Group |
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| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Equities edge lower as focus shifts to US payrolls report European equity markets edged lower in early trade as investors looked ahead to the release of the all-important non-farm payrolls report in the US.
At 0835 GMT, the benchmark Stoxx Europe 600 index was down 0.3%, Germany's DAX was off 0.2% and France's CAC 40 was 0.5% weaker.
Meanwhile, oil prices slipped a touch despite the start of supply cuts by Saudi Arabia and Abu Dhabi. West Texas Intermediate was down 0.2% to $53.64 a barrel and Brent crude was off 0.3% at $56.71.
All eyes will be on the release of the US non-farm payrolls report at 1330 GMT, along with the unemployment rate and average hourly earnings. This will be the first payrolls since the Federal Reserve upped its key funds rate last month.
Analysts expect the data show the US economy added 178,000 jobs in December, the same as November, but below the 12-month average of 193,000.
Meanwhile, the unemployment rate is expected to have edged up to 4.7% from 4.6% in November.
Mike van Dulken, head of research at Accendo Markets, said: "It's the first Friday of the month meaning today's focus will be the afternoon's US jobs report, not so much for the notorious volatility-inducing non-farm payrolls (beware: yesterday's ADP surprised to the downside) but for accompanying metrics.
"The unemployment rate is seen ticking up from December's nine-year low while wages growth accelerates, something which could imply rising inflationary pressures that force the Fed to hike more quickly in 2017."
In corporate news, budget airline easyJet flew higher after it said passenger numbers jumped 15.1% to 5.57m in December compared to the same month the previous year, while the load factor rose 3.3 percentage points to 89.9%.
British American Tobacco nudged a touch higher after RBC Capital Markets upped its stance on the stock to 'sector perform' from 'underpeform'.
Sanofi was on the back foot after a US Federal judge ruled that the drug maker and its partner Regeneron Pharmaceuticals infringed the patent that Amgen holds for its new cholesterol drug.
On the macroeconomic front, figures from Destatis showed total German manufacturing orders fell 2.5% in November from October, when they rose a revised 5%. This was steeper than the 2.3% decline expected by economists. |
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| | US Market Report | | US close: Stocks mixed as traders analyse data on jobs, services sector US stocks were mixed on Thursday as investors weighed disappointing private payrolls data against better-than-expected services activity reports.
The Dow Jones Industrial Average closed down 0.21% to 19,899.29 points and the S&P 500 fell 0.08% to 2,269 points.
The Nasdaq bucked the trend, finishing the session up 0.20% to a record high of 5,487.94 points. The index was boosted by a 3.1% increase in Amazon shares.
On the data front, the US ADP private payrolls report revealed employers added 153,000 jobs last month, missing expectations for an increase of 170,000. November's figures were revised down a touch to show the private sector added 215,000 jobs versus the 216,000 previously reported.
The Labor Department's initial jobless claims report showed the number of Americans filing for unemployment benefits fell to its lowest level in eight weeks last week. Initial jobless claims were down 28,000 to 235,000 from the previous week's downwardly-revised 263,000. Economists had been expecting a much smaller drop to 260,000.
The data comes ahead of Friday's highly anticipated US non-farm payrolls report which is expected to show 178,000 jobs were added to the economy in December.
In other US data, Markit's final services purchasing managers' index was revised to 53.9 in December from a prior estimate of 53.4, surprising analysts who had expected no change to the reading.
However, it marked a decline from the 54.6 registered in November, signalling the slowest expansion in three months. A reading above 50 signals an expansion in sector activity while a level below that suggests a contraction.
The Institute for Supply Management's service sector PMI was unchanged at 57.2 last month, versus forecasts for a dip to 56.6.
Meanwhile, oil prices rose as the Energy Information Administration said US crude inventories fell by 7.1 million barrels to 479 million barrels last week.
West Texas Intermediate crude advanced 1.02% to $53.81 per barrel and Brent edged up 0.82% to $56.93 per barrel at 2159 GMT.
In company news, Macy's shares plummeted to close down 14% after the retailer announced on late Wednesday it plans to close 68 stores and axe 10,000 jobs in 2017.
Sector peer Kohl's slumped after cutting its fiscal 2016 earnings outlook on late Wednesday.
Nordstrom and Signet Jewelers joined the decline among retailers.
Nvidia Corp was on the back foot following reports on Wednesday that the chip maker is partnering with Audi to manufacture a fully self-driving car.
On the upside, CEB shares surged after Gartner announced it would buy the tech company in a deal valued at about $2.6bn. Gartner shares fell.
Dow Jones - Risers
Visa Inc. (V) $81.09 1.17%
Johnson & Johnson (JNJ) $116.86 1.05%
Pfizer Inc. (PFE) $33.61 0.96%
Procter & Gamble Co. (PG) $85.06 0.66%
Apple Inc. (AAPL) $116.61 0.51%
United Technologies Corp. (UTX) $111.34 0.41%
Coca-Cola Co. (KO) $41.75 0.24%
Cisco Systems Inc. (CSCO) $30.17 0.23%
Verizon Communications Inc. (VZ) $54.64 0.22%
Wal-Mart Stores Inc. (WMT) $69.21 0.22%
Dow Jones - Fallers
Travelers Company Inc. (TRV) $118.33 -1.60%
Exxon Mobil Corp. (XOM) $88.55 -1.49%
American Express Co. (AXP) $75.32 -1.23%
Home Depot Inc. (HD) $133.91 -1.18%
JP Morgan Chase & Co. (JPM) $86.11 -0.92%
Goldman Sachs Group Inc. (GS) $241.32 -0.74%
Caterpillar Inc. (CAT) $93.00 -0.61%
General Electric Co. (GE) $31.51 -0.57%
E.I. du Pont de Nemours and Co. (DD) $73.81 -0.49%
Chevron Corp. (CVX) $117.31 -0.43%
S&P 500 - Risers
Alexion Pharmaceuticals Inc. (ALXN) $139.18 9.50%
Mattel Inc. (MAT) $30.94 5.74%
Newmont Mining Corp. (NEM) $36.57 4.61%
Hasbro Inc (HAS) $83.71 3.42%
Yahoo! Inc. (YHOO) $41.34 3.20%
Devon Energy Corp. (DVN) $49.01 3.18%
Amazon.Com Inc. (AMZN) $780.45 3.07%
Diamond Offshore Drilling Inc. (DO) $18.99 2.93%
Chipotle Mexican Grill Inc. (CMG) $392.14 2.69%
Realty Income Corp. (O) $59.92 2.69%
S&P 500 - Fallers
Kohls Corp. (KSS) $42.01 -19.02%
Macy's Inc. (M) $30.86 -13.90%
Signet Jewelers Ltd (SIG) $87.97 -8.01%
L Brands Inc (LB) $62.04 -7.87%
Constellation Brands Inc. Class A (STZ) $146.76 -7.11%
Nordstrom Inc. (JWN) $45.56 -6.87%
Urban Outfitters Inc. (URBN) $27.56 -5.26%
Robert Half International Inc. (RHI) $48.60 -4.54%
Host Hotels & Resorts Inc. (HST) $18.50 -4.34%
Gap Inc. (GPS) $23.25 -3.93%
Nasdaq 100 - Risers
Alexion Pharmaceuticals Inc. (ALXN) $139.18 9.50%
Mattel Inc. (MAT) $30.94 5.74%
NetEase Inc. Ads (NTES) $229.21 4.81%
Ctrip.Com International Ltd. Ads (CTRP) $42.80 3.53%
Hasbro Inc (HAS) $83.71 3.42%
Baidu Inc. (BIDU) $177.47 3.20%
Yahoo! Inc. (YHOO) $41.34 3.20%
Liberty Global plc Series A (LBTYA) $32.32 3.09%
Amazon.Com Inc. (AMZN) $780.45 3.07%
Vodafone Group Plc ADS (VOD) $26.30 3.02%
Nasdaq 100 - Fallers
Discovery Communications Inc. Class A (DISCA) $27.20 -3.85%
Discovery Communications Inc. Class C (DISCK) $26.60 -3.73%
Nvidia Corp. (NVDA) $101.74 -2.54%
Liberty Interactive Corporation QVC Group (QVCA) $19.73 -2.33%
Electronic Arts Inc. (EA) $78.96 -2.07%
T-Mobile Us, Inc. (TMUS) $57.61 -2.06%
Microchip Technology Inc. (MCHP) $62.59 -1.93%
Dollar Tree Inc (DLTR) $78.06 -1.75%
American Airlines Group (AAL) $45.89 -1.73% |
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| | Newspaper Round Up | | Friday newspaper round-up: Retail sales, London property prices, Royal Mail British high streets endured a fourth Christmas of falling sales as shoppers switched to buying gifts online from the comfort of their sofa. Underlying sales dipped 0.1% in December, after a 5.3% fall in the same month in 2015, as clothing retailers had a particularly tough year, said the consultancy firm BDO. - Guardian
Higher taxes and jitters over the EU referendum pushed down high-end London property prices last year as sellers accepted more "realistic" offers, according to upmarket estate agent Savills. But while owners of multimillion-pound London homes were forced to rein in their expectations, housebuilder Persimmon reported rising revenues from sales of less expensive homes around the country. - Guardian
The boss of Wall Street giant JP Morgan has warned the French president that the country is unlikely to lure banking jobs away from London after Brexit unless the nation overhauls employment legislation. Jamie Dimon, JP Morgan's respected chief executive, is said to have told Francois Hollande in October that France must loosen its tight labour laws, which currently make it difficult for banks to recruit and shed staff, if Paris is to rival London as a financial hub. - Telegraph
Trade unions at Royal Mail are threatening the first national strike in eight years after plans to ditch its final-salary pension scheme were revealed. The company said that it intended to close the defined benefit retirement scheme for 90,000 workers in 2018 and move them to a defined contribution plan. - The Times | | |
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