Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Wednesday, 31 May 2017 17:40:13 Monitor Quote Charts News CFD's Compare Brokers Free BB   Want to learn more about the UK buy-to-let market? The UK property market is booming and there has never been a better time to invest in buy-to-let. Where are the best places to invest? What is the best type of investment property? What sort of returns are on offer? Download our free Buy-to-Let Guide today to get started! London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: FTSE 100 ends lower as sterling advances and resources stocks weigh UK blue chips inched their way to a lower close on Wednesday as sterling shrugged off its most-of-day weakness to nip higher, while falls among heavyweight resources stocks told. The FTSE 100 closed the day down 0.09% to 7,519.95, and the FTSE 250 slipped 0.10% to 19,972.17. Europe was on a mixed footing, and Wall St was faltering early on. Early rises in blue chips had been helped by sterling weakness, triggered by election polls that suggested a runaway Tory win was perhaps not as likely as previously thought. That, however, changed as the session approached its end. "The pound has made a surprise recovery today, with the FTSE 100 pulling back from its early gains as a result," said Joshua Mahoney, market analyst at IG. "Ultimately, the (election) polls remain largely in favour of a Theresa May win, despite her uninspiring and surprisingly out of touch decisions," he said. The YouGov/Times poll raised the prospect of a hung parliament, while a PanelBase one gave the Tories a 15-point lead over Labour. "It looks like the FX market has decided to shrug off that YouGov survey which indicated a hung parliament is the most likely outcome from the June 8th poll," said Neil Wilson, senior market analyst at ETX Capital. "Instead the pound was buoyed by a PanelBase poll that gives the Tories a very healthy 15-point lead over Labour," he said, also noting the "usual" month-end rebalancing taking place. Connor Campbell, financial analyst at Spreadex, suggested that the FTSE wanted a Tory win just as badly as sterling. This was "even if the weakened pound has been the main driver behind the UK index travelling to its current record levels." UK macro data out earlier on Wednesday did little to inspire the overall mediocre sentiment in the countdown to the election on June 8. Among this data, monthly UK mortgage approvals slipped, while net lending to individuals fell and M4 money supply increased more than expected. A GfK survey revealed UK consumer confidence surprisingly improved marginally in May. Taking a closer look at the FTSE, house builders such as Barratt Developments and Taylor Wimpey were lower. In the wider retail sector, Unilever, Reckitt Benckiser, Burberry, Sainsbury and Kingfisher did well. By contrast, general miners were firmly lower amid falling iron ore prices, with Glencore, Anglo American, Rio Tinto and BHP Billiton among the worst hit. These were followed by oil stocks BP and Shell, which suffered with crude prices on renewed oversupply fears and worries about the effectiveness of Opec's output curb extension. How to capitalise on the impact of Crossrail This comprehensive report looks at the investment opportunity Europe’s largest construction project has to offer, the economic, real estate, and housing benefits of Crossrail, and how you could capitalise. Capital at risk. Download your copy of How to capitalise on Crossrail here. Your capital and interest are at risk. 19-20% yield after June 2017 payable quarterly Grenfell Markets is a private equity and venture capital firm providing access to exclusive private placements and structured products. Our current offering pays quarterly Dividends and Capital Growth Upon Exit. Based on today’s market price ($45-50) investors should expect to receive 19-20% yield after June 2017 payable quarterly. Click here to find out more… Market Movers FTSE 100 (UKX) 7,519.95 -0.09% FTSE 250 (MCX) 19,972.17 -0.10% techMARK (TASX) 3,624.88 0.10% FTSE 100 - Risers Randgold Resources Ltd. (RRS) 7,365.00p 2.79% Mediclinic International (MDC) 808.50p 2.41% Barratt Developments (BDEV) 612.50p 1.83% Merlin Entertainments (MERL) 529.00p 1.83% GlaxoSmithKline (GSK) 1,703.50p 1.82% Burberry Group (BRBY) 1,815.00p 1.62% Whitbread (WTB) 4,291.00p 1.47% Wolseley (WOS) 5,110.00p 1.39% Intertek Group (ITRK) 4,299.00p 1.15% Vodafone Group (VOD) 231.50p 1.03% FTSE 100 - Fallers Rio Tinto (RIO) 3,102.50p -2.53% BHP Billiton (BLT) 1,173.00p -2.45% Glencore (GLEN) 285.10p -2.36% Anglo American (AAL) 1,031.50p -2.32% Old Mutual (OML) 188.20p -1.62% ITV (ITV) 195.70p -1.61% Worldpay Group (WPG) 310.60p -1.55% Severn Trent (SVT) 2,500.00p -1.34% United Utilities Group (UU.) 1,029.00p -1.15% BP (BP.) 466.70p -1.14% FTSE 250 - Risers Nostrum Oil & Gas (NOG) 531.50p 7.68% IG Group Holdings (IGG) 584.00p 5.51% NMC Health (NMC) 2,272.00p 3.89% Ibstock (IBST) 252.30p 3.87% Pets at Home Group (PETS) 166.40p 3.29% Marshalls (MSLH) 409.10p 3.26% TalkTalk Telecom Group (TALK) 177.50p 3.14% Just Eat (JE.) 671.50p 2.99% Dechra Pharmaceuticals (DPH) 1,944.00p 2.91% Capita (CPI) 582.50p 2.73% FTSE 250 - Fallers Hunting (HTG) 506.00p -6.22% Ferrexpo (FXPO) 170.90p -5.97% Vedanta Resources (VED) 611.50p -5.71% Tullow Oil (TLW) 182.80p -5.14% Nex Group (NXG) 644.50p -4.45% Petrofac Ltd. (PFC) 380.00p -4.09% Kaz Minerals (KAZ) 485.20p -3.83% OneSavings Bank (OSB) 407.30p -3.83% Cobham (COB) 134.00p -3.46% Wood Group (John) (WG.) 715.50p -3.31% US Market Report US open: Commodity stocks, banks drive losses Falling prices for metals and a sharp drop in crude oil futures weighed on the main Wall Street averages as investors waited on the release of the US central bank's Beige Book later in the session. At 1628 BST the Dow Jones Industrial Average was down by 0.18% to 20,993.89, with the S&P 500 off by 0.23% at 2,407.45 and the Nasdaq Composite losing 0.27% to 6,186.05. The worst performing segments of the market were: Aluminium (-3.48%), Coal (-3.19%), Industrial Metals (-2.47%) and Oil Equipment and Services (-2.14%). Driving those losses, overnight Chinese investors pushed iron ore, steel rebar and coking coal futures for September on the Dalian Commodity Exchange metals prices sharply lower. West Texas Intermediate crude futures were falling in tandem, on news that Libya's oil production was continuing to recover, rising to 827,000 barrels per day and above a three-year peak of 800,000. Banks were also lower after JP Morgan Chase finance chief Marianne Lake reportedly told investors that trading had declined by roughly 15% in the second quarter. Investors appeared to brush off Lake's assertion that it was a normal seasonal variation, sending the KBW index of lenders' shares 1.82% lower to 88.40 points. Stock in Michael Kors suffered a sharp drop - the steepest on the NYSE - after the company reported a high single-digit drop in fiscal fourth quarter like-for-likes. Still on the economic calendar for later in the day, San Francisco Fed President John Williams was scheduled to deliver a speech in Seoul, South Korea later on Wednesday after the close of markets. The Federal Reserve's Beige Book, a compendium of anecdotal evidence from around the country compiled ahead of each monetary policy meeting, was scheduled for release at 19:00 BST. Dow Jones - Risers Pfizer Inc. (PFE) $32.70 1.77% Johnson & Johnson (JNJ) $128.52 1.11% Wal-Mart Stores Inc. (WMT) $78.65 0.64% Procter & Gamble Co. (PG) $87.94 0.62% Merck & Co. Inc. (MRK) $65.28 0.61% 3M Co. (MMM) $203.65 0.60% Travelers Company Inc. (TRV) $124.38 0.52% International Business Machines Corp. (IBM) $152.51 0.51% Boeing Co. (BA) $187.81 0.50% Verizon Communications Inc. (VZ) $46.41 0.45% Dow Jones - Fallers Goldman Sachs Group Inc. (GS) $211.63 -3.11% JP Morgan Chase & Co. (JPM) $82.36 -1.84% Chevron Corp. (CVX) $103.31 -0.72% American Express Co. (AXP) $76.59 -0.65% Exxon Mobil Corp. (XOM) $80.63 -0.58% Microsoft Corp. (MSFT) $70.05 -0.51% Unitedhealth Group Inc. (UNH) $175.69 -0.51% Walt Disney Co. (DIS) $107.86 -0.44% Apple Inc. (AAPL) $153.09 -0.38% Caterpillar Inc. (CAT) $105.11 -0.34% S&P 500 - Risers Perrigo Company plc (PRGO) $71.47 5.23% Analog Devices Inc. (ADI) $87.98 3.75% Vertex Pharmaceuticals Inc. (VRTX) $123.02 2.18% Pfizer Inc. (PFE) $32.70 1.77% Eli Lilly and Company (LLY) $79.72 1.75% Endo International Plc (ENDP) $13.13 1.39% Advance Auto Parts (AAP) $134.53 1.16% Abbott Laboratories (ABT) $45.51 1.14% Johnson & Johnson (JNJ) $128.52 1.11% Dentsply International Inc. (XRAY) $63.30 1.09% S&P 500 - Fallers Diamond Offshore Drilling Inc. (DO) $10.90 -5.75% Southwestern Energy Co. (SWN) $6.04 -4.88% Transocean Ltd. (RIG) $8.81 -4.86% CF Industries Holdings Inc. (CF) $26.77 -4.07% Tenet Healthcare Corp. (THC) $16.74 -4.01% Freeport-McMoRan Inc (FCX) $11.24 -3.68% Alcoa Corporation (AA) $31.88 -3.36% Navient Corporation (NAVI) $14.20 -3.27% Chesapeake Energy Corp. (CHK) $4.93 -3.24% Under Armour Inc. Class A (UAA) $18.93 -3.22% Nasdaq 100 - Risers Analog Devices Inc. (ADI) $87.98 3.75% Vertex Pharmaceuticals Inc. (VRTX) $123.02 2.18% Tesla Inc (TSLA) $341.27 1.84% Vodafone Group Plc ADS (VOD) $30.27 1.37% Charter Communications Inc. (CHTR) $342.75 1.13% Dentsply International Inc. (XRAY) $63.30 1.09% Regeneron Pharmaceuticals Inc. (REGN) $453.40 1.05% Illumina Inc. (ILMN) $175.39 1.04% Texas Instruments Inc (TXN) $82.79 0.99% Microchip Technology Inc. (MCHP) $83.25 0.90% Nasdaq 100 - Fallers O'Reilly Automotive Inc. (ORLY) $241.92 -2.31% Viacom Inc. Class B (VIAB) $34.27 -2.23% JD.com, Inc. (JD) $40.02 -1.89% Baidu Inc. (BIDU) $186.78 -1.64% NetEase Inc. Ads (NTES) $283.77 -1.63% Dollar Tree Inc (DLTR) $77.09 -1.39% eBay Inc. (EBAY) $34.19 -1.26% Symantec Corp. (SYMC) $29.69 -1.23% Alphabet Inc. Class C (GOOG) $965.70 -1.04% Broker Tips Broker tips: Worldpay, IAG, British Land Barclays downgraded Worldpay to 'equal weight' on Wednesday as it raised some questions about the payment group's growth ambitions. The bank, which left its price target unchanged at 315p, said "we cannot find enough upside to warrant a price target increase and we have some concern regarding the organic growth trend" WPG has endured many one-off revenue impacts, which Barclays analyst Gerardus Vos attempted to exclude in order to root out an underlying organic growth trend: this showed that the business slowed in each of the last three half years. Calculating that underlying organic growth peaked at 9.6% in the first half of 2015 and slowed to 6.3% in the second half of last year, he calculated that Worldpay is able to generate around 8-9% organic growth, with anything higher requiring market share gains, pricing or value chain expansion. Analysts at HSBC bumped up their estimates and target for shares of IAG, admitting to clients that its 'reduce' recommendation was anti-consensual, but stuck to their view nonetheless. Following the company's "confident" first quarter presentation the broker marked up its estimates for fiscal year 2017 earnings before interest and taxes and earnings per share by 13% and 19%, respectively. In turn, HSBC also boosted its target on the stock from 490.0p to 525.0p. However, its chosen method for measuring free cash flows had several drawbacks, according to analysts Andrew Lobbenberg, Achal Kumar and Edward Stanford. In particular, IAG's decision to 'flex' to a higher share of operating lease aircraft flattered its cashflows "materially". BA's pensions also constituted a "material call" on those cash-flows while excluding its exceptional costs. Management had however been forthright and transparent with investors on its accounting practices and intentions going forward, they said. Numis upgraded its recommendations on British Land and Land Securities to reflect their improved capital value assumptions for the pair, which had been overly bearish, even as it expressed a preference for small and mid-cap firms because of the risk aversion prevalent among management teams. On the back of the latest full-year 2016 results from the sector, Numis said: "looking forward, we see little changing. Capital values are unlikely to collapse in either London or Retail so to differentiate themselves, REITs will need to actively create value but risk appetite is largely absent. "The dominant theme, however, has been one of positioning for a disorderly unwind of the cycle (with Brexit an additional factor not the sole driver) rather than to exploit opportunities," they said. CannaInvestors Hub Magazine - Research for Cannabis Investors Subscribe for Free to the May 2017 issue Featured Companies include HelloMD, AEssenseGrows, MCig, Inc, Grow Condos, Novus Acquisition and Dev, Naturally Splendid Ent Ltd, AusCann Group Holdings. 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

Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Wednesday, 31 May 2017 10:17:37 Monitor Quote Charts News CFD's Compare Brokers Free BB   Want to learn more about the UK buy-to-let market? The UK property market is booming and there has never been a better time to invest in buy-to-let. Where are the best places to invest? What is the best type of investment property? What sort of returns are on offer? Download our free Buy-to-Let Guide today to get started! London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks nudge up as pound hit by latest election poll London stocks nudged higher in early trade on Wednesday as the latest election poll suggested a hung parliament, denting the pound. At 0830 BST, the FTSE 100 was up 0.2% to 7,540.13, while the pound was down 0.3% versus the dollar at 1.2817 after a YouGov poll published in The Times suggested Theresa May could fail to win an outright majority in the election on 8 June. According to the poll, the Conservatives could lose as many as 20 of the 330 seats they held in the last parliament, while Labour could gain nearly 30. This followed on from an ICM poll earlier on Tuesday that gave the Tories a 12-point lead over Labour, down two points in the last week but better than the six-point lead suggested by the recent YouGov poll. Neil Wilson, senior market analyst at ETX Capital, said: "Of course it's just one poll and all the rest give the Tories a healthy lead. But this is arguably much more accurate for our first past the post system and therefore commands attention. "Corbyn, with his nationalisation plans and anti-business agenda, could send shivers down the spines of FTSE shareholders if he were to enter number 10. The blue chip index would take a beating if investors ditched shares in sectors that might be nationalised. In FX markets, the pound is displaying nerves over the uncertainty but ultimately a Corbyn-led centre-left coalition could yield a softer Brexit (preserving single market access, free movement of labour) and this could be positive for sterling." Investors were also digesting the latest data out of China, where the official non-manufacturing purchasing managers' index rose to 54.5 in May from 54.0 the month before and the official manufacturing PMI was unchanged in May at 51.2, in line with expectations. Elsewhere, the latest survey from GfK showed UK consumer confidence surprisingly improved marginally in May, rising to -5 from -7 the month before. The market had expected it to worsen to -8 as inflation and low wage growth increase the pressure on households. This did not help sentiment for supermarket shares, which were down even though Morrisons, Tesco and Sainsbury's et el enjoyed their strongest period of trading in over three and a half years, as the 'big four', including Asda, lost market share to fast-growing discounters Aldi and Lidl. In the 12 weeks ending 21 May 2017, Kantar Worldpanel data showed grocery inflation of 2.9% to help boost overall sector sales by 3.8% year on year. In corporate news, IG Group was in the black as it said revenue and profits for its fiscal year would be ahead of the previous year. It now expects to report full year revenue around 7% higher than in 2016, though after a fall in the third quarter this is down from the 14% increase in net trading revenue seen in the first half of the year. LondonMetric was also trading higher as it announced the acquisition of three urban logistics warehouses and said net rental income in the year to 31 March rose 5% to £82m. On the downside, NEX Group fell as it announced that Stuart Bridges has stepped down as chief financial officer and will be leaving the company later in the year. He will be succeeded by Samantha Wren, the current chief commercial officer for NEX Markets, who will join the board with immediate effect. Payments processor Worldpay was hit by a downgrade to 'equalweight' at Barclays. On the data front, investors will eye the release of net lending, consumer credit, and mortgage approvals at 0930 BST. How to capitalise on the impact of Crossrail This comprehensive report looks at the investment opportunity Europe’s largest construction project has to offer, the economic, real estate, and housing benefits of Crossrail, and how you could capitalise. Capital at risk. Download your copy of How to capitalise on Crossrail here. Your capital and interest are at risk. Market Movers FTSE 100 (UKX) 7,540.13 0.18% FTSE 250 (MCX) 20,022.09 0.15% techMARK (TASX) 3,630.63 0.26% FTSE 100 - Risers easyJet (EZJ) 1,417.00p 1.21% Taylor Wimpey (TW.) 203.20p 0.94% Hikma Pharmaceuticals (HIK) 1,690.00p 0.90% Old Mutual (OML) 193.00p 0.89% Associated British Foods (ABF) 3,010.00p 0.87% Whitbread (WTB) 4,265.00p 0.85% Barratt Developments (BDEV) 606.50p 0.83% Mediclinic International (MDC) 796.00p 0.82% British American Tobacco (BATS) 5,546.00p 0.82% Diageo (DGE) 2,342.00p 0.82% FTSE 100 - Fallers Worldpay Group (WPG) 307.10p -2.66% Anglo American (AAL) 1,034.00p -2.08% Rio Tinto (RIO) 3,121.00p -1.95% BHP Billiton (BLT) 1,183.50p -1.58% Glencore (GLEN) 287.85p -1.42% Antofagasta (ANTO) 800.50p -1.11% Severn Trent (SVT) 2,515.00p -0.75% Tesco (TSCO) 184.00p -0.73% Fresnillo (FRES) 1,577.00p -0.50% Morrison (Wm) Supermarkets (MRW) 246.50p -0.44% FTSE 250 - Risers Clarkson (CKN) 2,712.00p 2.57% IG Group Holdings (IGG) 566.00p 2.26% McCarthy & Stone (MCS) 185.50p 1.76% Marston's (MARS) 135.80p 1.65% Syncona Limited NPV (SYNC) 161.50p 1.51% Just Eat (JE.) 661.00p 1.38% Riverstone Energy Limited (RSE) 1,276.00p 1.27% Paysafe Group (PAYS) 502.00p 1.21% Pets at Home Group (PETS) 163.00p 1.18% Spirax-Sarco Engineering (SPX) 5,720.00p 1.06% FTSE 250 - Fallers Ferrexpo (FXPO) 177.00p -3.07% Vedanta Resources (VED) 632.50p -2.47% Indivior (INDV) 314.90p -2.05% Kaz Minerals (KAZ) 495.40p -1.80% John Laing Group (JLG) 292.10p -1.68% Hochschild Mining (HOC) 282.20p -1.67% Ladbrokes Coral Group (LCL) 121.00p -1.31% Wood Group (John) (WG.) 731.50p -1.15% Amec Foster Wheeler (AMFW) 519.50p -1.05% 19-20% yield after June 2017 payable quarterly Grenfell Markets is a private equity and venture capital firm providing access to exclusive private placements and structured products. Our current offering pays quarterly Dividends and Capital Growth Upon Exit. Based on today’s market price ($45-50) investors should expect to receive 19-20% yield after June 2017 payable quarterly. Click here to find out more… UK Event Calendar Wednesday May 31 INTERIM DIVIDEND PAYMENT DATE Civitas Social Housing , Filta Group Holdings, Glencore QUARTERLY PAYMENT DATE City of London Inv Trust, Ediston Property Investment Company, Picton Property Income Ltd, TwentyFour Select Monthly Income Fund Limited INTERNATIONAL ECONOMIC ANNOUNCEMENTS Chicago PMI (US) (14:35) Import Price Index (GER) (07:00) MBA Mortgage Applications (US) (12:00) Pending Homes Sales (US) (15:00) Retail Sales (GER) (07:00) Unemployment Rate (EU) (10:00) Unemployment Rate (GER) (08:55) FINALS LondonMetric Property, Nature Group, Telford Homes SPECIAL DIVIDEND PAYMENT DATE Great Portland Estates AGMS Atlas Mara Limited (DI), Barr (A.G.), Central Asia Metals, Cluff Natural Resources, e-Therapeutics, F&C Commercial Property Trust Ltd., ICG-Longbow Senior Secured UK Property Debt Investments Ltd, Ingenta, Styles & Wood Group, Tekcapital TRADING ANNOUNCEMENTS IG Group Holdings, OPG Power Ventures UK ECONOMIC ANNOUNCEMENTS Consumer Credit (08:30) M4 Money Supply (09:30) Mortgage Approvals (09:30) FINAL DIVIDEND PAYMENT DATE Acacia Mining, Belvoir Lettings, Capital & Counties Properties , Empresaria Group, Equiniti Group , F&C Private Equity Trust, Ferrexpo, Hastings Group Holdings , London Stock Exchange Group, Lookers, Mortgage Advice Bureau (Holdings) , NAHL Group Q1 PJSC Centre For Cargo Container Traffic Transcontainer GDR (Reg S) Newspaper Round Up Wednesday newspaper round-up: poll shock, Ladbrokes, Allied Irish, BT The Conservative Party could be in line to lose 20 seats and Labour gain nearly 30 in next week's general election, according to new modelling by one of the country's leading pollsters. YouGov's first constituency-by-constituency estimate of the election result predicts that the Tories would fall short of an overall majority by 16 seats, leading to a hung parliament. - The Times Britain's biggest bookmaker weakened rules designed to tackle money laundering and problem gamblers in order to increase profits, a whistleblower claims. A former Ladbrokes Coral employee has exposed tactics that the company used to encourage customers to increase betting on fixed odds betting terminals (FOBTs). - The Times The Irish government has finally pushed the button on its planned €12bn (£10.4bn) float of Allied Irish Banks in what could be one of the biggest initial public offerings in London in recent years. The Irish state currently owns around 99.9pc of AIB, and plans to float 25pc of its stake on the London and Irish stock exchanges. - Telegraph BT faces a strike threat after unions said they will consider industrial action if the company presses ahead with the closure of its final salary pension scheme. The firm's defined-benefits pension scheme has more than 300,000 members, and although the scheme had been closed to new entrants in 2001, existing members continue to build up benefits. - Telegraph Three former Tesco directors charged with fraud are seeking to have the case against them dismissed, arguing that no false accounting took place. Barristers for Carl Rogberg, John Scouler and Christopher Bush have indicated that they will argue that there is no case to answer and that Tesco should not have restated its profits in a move that ultimately contributed to the grocer suffering a record loss in 2014. - The Times Brussels is preparing to crack down on accountants and lawyers running tax-avoidance schemes in response to the Panama Papers scandal that showed how the rich and powerful hide their money. Jean-Claude Juncker, the European commission president, told MEPs on Tuesday that he would table a draft law before the end of June that aims to shed light on experts who help clients exploit tax laws and shift money to offshore tax havens. - Guardian British Airways was still struggling to return baggage to passengers late on Tuesday as it attempts to salvage its battered reputation and investigate the cause of a computer system outage that left 75,000 people stranded at the weekend. Cancelled holidays and chaotic scenes at Heathrow and Gatwick airports over the bank holiday weekend have been followed by reports of passengers' baggage being forwarded to destinations abroad while its owners were unable to travel. - Guardian Steven Cohen, the American hedge fund boss whose firm was shut by the US government three and a half years ago, is planning to return with a record-breaking $20 billion fund after his industry ban expires next year, according to reports last night. The new fund would exceed the $16 billion that Mr Cohen once oversaw as the boss of SAC Capital, which closed in 2013 after a long-running insider trading investigation. - The Times The labour market in Japan is at its tightest in more than 43 years with employers struggling to fill gaps in the workforce and more jobs available than at the peak of the country's bubble economy in 1990. Government data showed the ratio of job openings to applications in April hit 1.48 in Japan. That means there were 148 jobs available for every 100 applicants. - The Times One of Britain's best-known luxury housebuilders has acquired its first site in Birmingham in more than a decade. Berkeley Group, a FTSE 250 company that predominantly caters to the upper end of the London housing market, is believed to have acquired a plot of two and a half acres on the site of a former factory close to Birmingham city centre. - The Times CannaInvestors Hub Magazine - Research for Cannabis Investors Subscribe for Free to the May 2017 issue Featured Companies include HelloMD, AEssenseGrows, MCig, Inc, Grow Condos, Novus Acquisition and Dev, Naturally Splendid Ent Ltd, AusCann Group Holdings. 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

Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Tuesday, 30 May 2017 10:01:14 Monitor Quote Charts News CFD's Compare Brokers Free BB   Want to learn more about the UK buy-to-let market? The UK property market is booming and there has never been a better time to invest in buy-to-let. Where are the best places to invest? What is the best type of investment property? What sort of returns are on offer? Download our free Buy-to-Let Guide today to get started! London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks in the red; IAG tanks on BA chaos London stocks were weaker in early trade, with IAG suffering the heaviest losses following an IT outage at British Airways that has caused three days of disruptions for passengers. At 0830 BST, the FTSE 100 was down 0.6% to 7,502.57, while over in Europe, the main benchmark Stoxx 600 was down 0.4% amid concerns about an early election in Italy and the possibility that Greece might forego its next bailout payment. Meanwhile, the pound was flat against the dollar at 1.2831 as the latest Survation poll revealed that the Tory lead over Labour has dropped to six percentage points. Spreadex analyst Connor Campbell said sterling "is struggling to substantially move away from its recent lows" due to "continued election-fretting". In corporate news, British Airways parent International Consolidated Airlines tanked 4% following an IT outage at BA that led to a weekend of chaos and cancellations. BA's IT systems are now up and running and the airline said it will be operating a full flight schedule at Heathrow and Gatwick. Royal Bank of Scotland was also in the red after a group of investors agreed on Monday to settle with the bank over claims they were misled about its health before it launched a £12bn rights issue back in 2008. Shopping centre operator Intu Properties slipped as it announced that it and TH Real Estate - on behalf of its pan-European investment vehicle, the European Cities Fund - had agreed to form a joint venture to own Madrid Xanadú shopping centre in Spain. On the upside, London Stock Exchange Group nudged up as it struck a deal to buy US bank Citigroup's fixed income indices and analytics businesses for $685m (£535m) cash, while Anglo American edged higher after saying it has completed the sale of its 83.33% interest in the Dartbrook coal mine located in the Hunter Valley, New South Wales, Australia, to Australian Pacific Coal. Retirement housebuilder McCarthy & Stone was in the black after it appointed John Tonkiss as its group chief operating officer with effect from 1 June. CLS Holdings gained after announcing the acquisition of a multi-let office property in Dortmund Germany, for €35.6m after costs from an unnamed US investment manager, while Allied Minds was on the front foot as it made Jill Smith's appointment as chief executive permanent, having hired her on an interim basis in March. There are no major UK data releases due. How to capitalise on the impact of Crossrail This comprehensive report looks at the investment opportunity Europe’s largest construction project has to offer, the economic, real estate, and housing benefits of Crossrail, and how you could capitalise. Capital at risk. Download your copy of How to capitalise on Crossrail here. Your capital and interest are at risk. Market Movers FTSE 100 (UKX) 7,502.57 -0.60% FTSE 250 (MCX) 19,966.08 -0.29% techMARK (TASX) 3,616.33 -0.40% FTSE 100 - Risers Pearson (PSON) 703.00p 0.57% London Stock Exchange Group (LSE) 3,406.00p 0.44% British Land Company (BLND) 634.00p 0.40% Anglo American (AAL) 1,056.50p 0.38% TUI AG Reg Shs (DI) (TUI) 1,171.00p 0.17% 3i Group (III) 869.50p 0.12% Hargreaves Lansdown (HL.) 1,391.00p 0.07% Randgold Resources Ltd. (RRS) 7,205.00p 0.07% Glencore (GLEN) 292.70p 0.07% Compass Group (CPG) 1,644.00p 0.06% FTSE 100 - Fallers International Consolidated Airlines Group SA (CDI) (IAG) 588.50p -4.15% Mediclinic International (MDC) 794.50p -2.63% easyJet (EZJ) 1,359.00p -1.95% Informa (INF) 677.50p -1.60% British American Tobacco (BATS) 5,513.00p -1.40% Old Mutual (OML) 193.90p -1.37% Barclays (BARC) 209.05p -1.23% Sainsbury (J) (SBRY) 278.30p -1.21% CRH (CRH) 2,758.00p -1.15% Aviva (AV.) 520.50p -1.14% FTSE 250 - Risers Clarkson (CKN) 2,756.00p 2.42% Countryside Properties (CSP) 333.60p 2.30% AO World (AO.) 145.00p 2.11% Brewin Dolphin Holdings (BRW) 337.20p 1.66% PayPoint (PAY) 969.00p 1.36% OneSavings Bank (OSB) 432.30p 1.19% Redefine International (RDI) 39.01p 0.83% Woodford Patient Capital Trust (WPCT) 93.00p 0.81% Card Factory (CARD) 335.00p 0.66% Big Yellow Group (BYG) 784.00p 0.64% FTSE 250 - Fallers Telecom Plus (TEP) 1,280.00p -2.81% Kaz Minerals (KAZ) 493.20p -2.53% Euromoney Institutional Investor (ERM) 1,186.00p -1.74% TalkTalk Telecom Group (TALK) 179.50p -1.43% Shawbrook Group (SHAW) 335.70p -1.41% Spirax-Sarco Engineering (SPX) 5,680.00p -1.39% Grafton Group Units (GFTU) 766.50p -1.35% Inchcape (INCH) 825.50p -1.32% Wood Group (John) (WG.) 724.50p -1.23% UK Event Calendar Tuesday May 30 INTERIM EX-DIVIDEND DATE Inch Kenneth Kajang Rubber QUARTERLY EX-DIVIDEND DATE Schlumberger Ltd. INTERNATIONAL ECONOMIC ANNOUNCEMENTS Business Climate Indicator (EU) (11:00) Economic Sentiment Indicator (EU) (11:00) Industrial Confidence (EU) (11:00) Personal Consumption Expenditures (US) (13:30) Personal Income (US) (13:30) Personal Spending (US) (13:30) Services Confidence (EU) (11:00) FINALS Horizon Discovery Group, Kainos Group , Renold, Ryanair Holdings ANNUAL REPORT Volvere EGMS MoneySwap AGMS EU Supply, Management Consulting Group, PJSC PhosAgro GDR (Regs), Starcom, Valirx UK ECONOMIC ANNOUNCEMENTS Nationwide House Price Index (07:00) FINAL DIVIDEND PAYMENT DATE Coats Group, Harworth Group, Henry Boot, Portmeirion Group, SQS Software Quality Systems AG FINAL EX-DIVIDEND DATE Kakuzi Ltd. Q1 AFI Development 19-20% yield after June 2017 payable quarterly Grenfell Markets is a private equity and venture capital firm providing access to exclusive private placements and structured products. Our current offering pays quarterly Dividends and Capital Growth Upon Exit. Based on today’s market price ($45-50) investors should expect to receive 19-20% yield after June 2017 payable quarterly. Click here to find out more… Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks start the day lower, geopolitical frictions eyed Stocks are lower at the start of the trading but off their worst levels with investors seemingly hesitant to keep pushing stocks higher despite relatively buoyant data out of France. As of 0854 BST the benchmark Stoxx 600 was off by 0.25% to 390.29, alongside a rise of 0.25% in Germany's Dax to 12,634.82 and a 0.53% fall in the FTSE Mibtel to 20,673.57. "The European futures are trading lower today as investors mainly remain in risk-off mode and they are unsure about the direction of the trade," said Naeem Aslam, chief market analyst at Think Markets. Following the latest NATO summit and a meeting of G7 leaders in Sicily, German chancellor Angela Merkel said "the times we could completely depend on others are, to some extent, over." Echoing Merkel's remarks, European Central Bank president Mario Draghi told the European parliament on Monday that: "The neo-protectionist stances that have been stated in the United States are certainly of concern." Also in testimony to the European parliament, Draghi reiterated that extraordinary policy support - including through forward guidance - was needed to ensure euro area inflation would return to rate-setters' 2.0% target over the medium-term. His words were still weighing on the single currency come Tuesday, with the euro down by 0.13% to 1.1142 against the US dollar. French household spending was 0.5% higher month-on-month in April, a far weaker outcome than the 1.0% rise projected by economists although the 'miss' was somewhat offset by upwards revisions to data for the previous months. On a cheerier note, France's gross domestic product expanded at a 0.4% quarter-on-quarter clip during the first three months of the year as investment bounced back. Consumers in the Eurozone's second largest economy were also more positive in May than had been thought, with INSEE's consumer climate gauge rising from 100.0 in April to 102.0 for May (consensus: 101.0). Consumer prices in Spain on the other hand dipped by 0.1% month-on-month in May on a harmonised basis, according to INE, with the annual rate retreating by six tenths of a percentage point to 2.0%. Economists had been expecting a reading 0.0% on the month and 2.1% year-on-year. Still on the calendar for later on Tuesday, the European Commission was scheduled to release the results of ots industrial and consumer confidence surveys for May at 10:00 BST. US Market Report US close: Nasdaq-100, S&P 500 hit new records Wall Street's main market gauges were little changed heading into the Memorial Day weekend and the end of the month, following the release of slightly mixed economic data. The Dow Jones Industrial Average ended the day lower by just 0.01% or 2.67 points at 21,080.28, while the S&P 500 was up by 0.01% or 0.75 points to 2,415.82 and ahead by 1.4% for the week just ended - while also notching up a fresh record close (but not on an intra-day basis) in the process. Despite the new record close for the S&P 500, some market commentary highlighted how so-called 'short interest' on that stock benchmark continued to climb, rising by 0.3 percentage points during the week to 3.9% - although it remained well below the record readings seen at the start of 2016. In parallel, the Nasdaq Composite advanced 0.08% or 4.94 points to 6,210.19, alongside gains of 0.17% for the Nasdaq-100 on Friday. For the week as a whole the Nasdaq-100 was 2.4% higher and at a new record close itself. From a sector standpoint, the best performing areas of the market on Friday were: Gold mining (1.79%), Automobiles (1.50%) and Tires (1.41%). Meanwhile, oil prices reversed heavy losses to trade a little higher, with West Texas Intermediate up by a nickel to $49.80 a barrel. Prices had fallen sharply after the Opec meeting in Vienna resulted in a nine-month extension of the previously agreed 1.8m barrel-a-day production cut, just as markets had anticipated. Perhaps the most oft-quoted gauge of stockmarket volatility continued to slide towards its record lows, slipping 1.80% to 9.81. America's gross domestic product expanded at an upwardly revised pace of 1.2% during the first three months of 2017, revised data showed. The Department of Commerce had initially pegged the rate of growth at 0.7% (consensus: 0.9%). Orders for durable goods meanwhile fell by 0.7% on the month in April, which was better than the 1.5% drop economists had been expecting. Significantly, growth for the prior month was revised up to show a rise of 2.3% instead of the 0.9% increase originally estimated. Those mark-ups to the March data were on account of a sharp upwards revision to volatile data for aircraft orders for that month. Nevertheless, core capital goods orders - perhaps the key gauge contained in that report - were flat in April (consensus: 0.5%). The mood of US consumers was more buoyant in May, with the University of Michigan's sentiment index edging higher from 97.0 for April to 97.1. That was lower than a preliminary reading of 97.5 but the expectations subindex improved from 87.0 to 87.7, a positive sign. The yield on the benchmark 10-year US Treasury note slipped by one basis point to 2.25%. Shares in Deckers Outdoor surged 18.81% after the footwear designer surprised markets with first quarter earnings per share of 11 cents, which was far in excess of the -6 cent loss expected. The company's sales and full-year EPS guidance were also better-than-expected. Stock in discount fashion retailer Big Lots also gained after posting a first quarter EPS of $1.15, soundly beating estimates on the street for 99 cents. However, its top line figure came in at $1.30bn, which was a shade below the $1.31bn analysts had anticipated. Dow Jones - Risers Walt Disney Co. (DIS) $108.41 1.06% Caterpillar Inc. (CAT) $105.66 0.61% E.I. du Pont de Nemours and Co. (DD) $77.85 0.59% 3M Co. (MMM) $200.67 0.57% Microsoft Corp. (MSFT) $69.96 0.49% Goldman Sachs Group Inc. (GS) $223.53 0.48% Nike Inc. (NKE) $52.59 0.46% Procter & Gamble Co. (PG) $87.25 0.45% Cisco Systems Inc. (CSCO) $31.50 0.19% McDonald's Corp. (MCD) $149.86 0.05% Dow Jones - Fallers Home Depot Inc. (HD) $154.90 -1.00% Johnson & Johnson (JNJ) $126.92 -0.48% International Business Machines Corp. (IBM) $152.48 -0.46% Visa Inc. (V) $94.67 -0.39% Chevron Corp. (CVX) $104.72 -0.37% United Technologies Corp. (UTX) $121.85 -0.33% Unitedhealth Group Inc. (UNH) $177.50 -0.31% Boeing Co. (BA) $186.59 -0.26% Exxon Mobil Corp. (XOM) $81.55 -0.24% Wal-Mart Stores Inc. (WMT) $78.13 -0.23% S&P 500 - Risers Mallinckrodt Plc Ordinary Shares (MNK) $43.28 5.56% Kansas City Southern (KSU) $95.95 3.09% Nvidia Corp. (NVDA) $141.84 2.59% Norfolk Southern Corp. (NSC) $122.32 2.14% Chesapeake Energy Corp. (CHK) $5.29 2.12% Genuine Parts Co. (GPC) $93.28 2.10% Newmont Mining Corp. (NEM) $34.11 2.03% Hanesbrands Inc. (HBI) $20.70 1.97% O'Reilly Automotive Inc. (ORLY) $248.48 1.90% Gap Inc. (GPS) $22.42 1.82% S&P 500 - Fallers GameStop Corp. (GME) $22.22 -5.93% GGP Inc (GGP) $22.65 -4.39% Best Buy Co. Inc. (BBY) $58.97 -3.72% First Solar Inc. (FSLR) $36.84 -2.90% Perrigo Company plc (PRGO) $69.95 -2.64% United States Steel Corp. (X) $19.74 -2.52% Macerich Co (MAC) $58.75 -2.33% DaVita Inc (DVA) $64.74 -2.29% Frontier Communications Co. (FTR) $1.33 -2.21% Simon Property Group Inc. (SPG) $157.26 -2.14% Nasdaq 100 - Risers Sirius XM Holdings Inc (SIRI) $5.29 3.32% Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $302.40 3.19% Tesla Inc (TSLA) $325.14 2.62% Nvidia Corp. (NVDA) $141.84 2.59% O'Reilly Automotive Inc. (ORLY) $248.48 1.90% Costco Wholesale Corp. (COST) $177.86 1.79% Mattel Inc. (MAT) $22.53 1.58% American Airlines Group (AAL) $48.74 1.50% Comcast Corp. (CMCSA) $40.91 1.41% Illumina Inc. (ILMN) $175.91 1.24% Nasdaq 100 - Fallers Shire Plc Ads (SHPG) $177.18 -4.13% Incyte Corp. (INCY) $134.38 -2.91% QUALCOMM Inc. (QCOM) $57.52 -1.59% Activision Blizzard Inc. (ATVI) $58.28 -1.59% Electronic Arts Inc. (EA) $112.13 -1.49% Akamai Technologies Inc. (AKAM) $47.39 -1.39% Seagate Technology Plc (STX) $42.53 -1.35% Symantec Corp. (SYMC) $29.61 -1.14% Twenty-First Century Fox Inc Class A (FOXA) $27.03 -1.10% Twenty-First Century Fox Inc Class B (FOX) $26.95 -1.03% Newspaper Round Up Tuesday newspaper round-up: Clearing clash, ports puzzle, CBI criticism One of the eurozone's top central bankers has stepped up the campaign to claim the City's lucrative euro-clearing business by declaring that it is impossible for it to remain in London. François Villeroy de Galhau, a member of the European Central Bank's governing board and head of France's financial regulator, made the statement as the European Commission worked on proposals intended to force euro-denominated derivatives to be cleared in the eurozone. - The Times Cruise operators could avoid UK ports if more stringent border controls are introduced when Britain leaves the European Union, the chairman of Carnival UK has warned. David Dingle, who oversees the P&O and Cunard lines, said that it would be "bad news for British jobs" if tourists faced "stricter and more protracted" checks. - The Times The CBI is working on plans to reset relations with the government after the election amid concerns over an anti-business stance. Corporate leaders have become alarmed by the hostile rhetoric from Theresa May's government, not least in the Conservatives' manifesto, and their lack of access to ministers. - The Times Swing voters do not think the Manchester terror attack will affect how they cast their ballot on 8 June but Theresa May's response was seen generally as reassuring, according to focus groups in six seats. Undecided voters in Hartlepool, Birmingham, Cambridge, Glasgow, Wells and Harrow were asked for their views on how the parties responded to the attack as part of a project by Britain Thinks, a political consultancy. - Guardian Britain will play a pivotal role in building China's new silk road, cementing London's position as the world's financial centre after Brexit. Sam Xu, head of China transaction banking at Standard Chartered, said the UK would serve as a financial hub for the "One Belt, One Road" initiative, which spans 65 countries and covers 64pc of the global population. Mr Xu said no other city in the world could match London's expertise and financial infrastructure. - Telegraph The United States is considering using emergency tariffs to protect a domestic industry for the first time in 16 years in a move that will stir fears of rising protectionism under President Trump. The World Trade Organisation said yesterday that the US had notified its 163 other members that it had begun a "safeguard investigation" into imported solar cells. -The Times Greece on Monday issued a panic warning that its recovery would be thrown into doubt if Brussels blocked a debt deal at the next meeting of euro area finance ministers. Fearing that Germany will insist on delays to an agreement until at least after elections in September, Athens' finance minister hinted that the beleaguered nation could be plunged deeper into recession after seeing its economy contract by more than 25% since the start of its financial crisis. - Guardian British Airways was accused of exploiting passengers' misery yesterday amid claims that travellers affected by the global IT crash at the weekend were made to pay for expensive upgrades to reach their destinations. The airline faced criticism over its response to the chaos after it emerged that trapped passengers had to spend up to £800 to gain access to spare seats in premium economy cabins. - The Times The European Union has moved towards cracking down on carmakers who cheat emissions tests by giving the EU executive more powers to monitor testing and impose fines. The European council overcame initial objections from Germany and agreed to try to reform the system for approving vehicles in Europe in the wake of the Volkswagen emissions scandal. - Guardian The board of JKX Oil faces its second attempted coup in 18 months after its largest shareholder turned on the investor which purged the board last year. Shareholders of the London-listed Ukrainian oil explorer will be notified this week of the showdown between Eclairs Group and the Russian investment fund which staged the first coup, Proxima Capital. - Telegraph A group of leading economists warned on Monday that the world risks catastrophic global warming in just 13 years unless countries ramp up taxes on carbon emissions to as much as $100 (£77) per metric tonne. Experts including Nobel laureate Joseph Stiglitz and former World Bank chief economist Nicholas Stern said governments needed to move quickly to tackle polluting industries with a tax on carbon dioxide at $40-$80 per tonne by 2020. - Guardian CannaInvestors Hub Magazine - Research for Cannabis Investors Subscribe for Free to the May 2017 issue Featured Companies include HelloMD, AEssenseGrows, MCig, Inc, Grow Condos, Novus Acquisition and Dev, Naturally Splendid Ent Ltd, AusCann Group Holdings. 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

Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Friday, 26 May 2017 17:53:52 Monitor Quote Charts News CFD's Compare Brokers Free BB   Want to learn more about the UK buy-to-let market? The UK property market is booming and there has never been a better time to invest in buy-to-let. Where are the best places to invest? What is the best type of investment property? What sort of returns are on offer? Download our free Buy-to-Let Guide today to get started! London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Sterling slump after surprise election poll result shoves FTSE higher Stocks in London got an unexpected shove higher on Friday as a new election poll revealed a narrowing Tory lead over Labour, causing sterling to sour and helping the FTSE advance. The latest polls from YouGov showed that Theresa May's Tories had only a five-point lead over Jeremy Corbyn's Labour. "The precipitate fall in the pound is undoubtedly helping, with the currency taking a rather dramatic tumble below $1.28 as the script for the general election is torn up," said IG's Chris Beauchamp. Jasper Lawler at London Capital Group said the prospect of currency-enhanced foreign earnings for FTSE firms was outstripping the political uncertainty triggered by the poll. The FTSE 100 was up 0.40% to 7,547.63, and the FTSE 250 was 0.29% higher to 20,024.92. These were record closing highs for both indices. Over in Europe the mood was sour, with much the same story unfolding in early US deals. Safe-haven gold was enjoying a boost, while West Texas Intermediate and Brent crude were making cautious progress after yesterday's Opec-inspired sell-off. This helped both BP and Shell. The cartel extended its production curbs by nine months and into 2018, which disappointed some who wanted something longer and seeing others jump into profit-taking. Mining companies Fresnillo and Randgold Resources did well alongside the rise in gold prices, and better than the rises seen among their general-commodity peers. Returning to sterling, Michael Hewson at CMC Markets UK observed that today's marked weakness in the British currency had helped push both the FTSE 100 and FTSE 250 to new highs. "On the flip side of the coin broader European markets have continued to struggle despite economic data which to all intents and purposes points to a continued improvement in economic activity across the whole of Europe," he said. In specific blue-chip news, Informa advanced after it reiterated its full-year expectations and said first-quarter trading in Global Exhibitions remained strong, while trading in the events business was steady. Retail property developer Hammerson nudged up after saying it has exchanged contracts for the sale of two retail parks to clients of BMO Real Estate Partners for £80m. RBS was the biggest loser as the High Court pushed back until 1 June the start of a trial with a shareholder action group claiming compensation over its 2008 rights issue. The group is refusing to accept a settlement in their £700m legal claim against the bank, with the state-backed lender having offered about £200m, or 82p per share held. Testing and certification group Intertek was in the red despite posting a 14% jump in revenues for the first four months of the year and saying it was on track to deliver its 2017 targets. Credit checking agency Experian was weaker as Deutsche Bank downgraded the stock to 'sell' from 'hold' and cut the price target to 1,460p from 1,560p. How to capitalise on the impact of Crossrail This comprehensive report looks at the investment opportunity Europe’s largest construction project has to offer, the economic, real estate, and housing benefits of Crossrail, and how you could capitalise. Capital at risk. Download your copy of How to capitalise on Crossrail here. Your capital and interest are at risk. Market Movers FTSE 100 (UKX) 7,547.63 0.40% FTSE 250 (MCX) 20,024.92 0.29% techMARK (TASX) 3,630.91 0.68% FTSE 100 - Risers Informa (INF) 688.50p 5.84% Johnson Matthey (JMAT) 3,175.00p 2.58% Rolls-Royce Holdings (RR.) 873.00p 2.52% British American Tobacco (BATS) 5,591.00p 1.75% Scottish Mortgage Inv Trust (SMT) 400.00p 1.65% Hikma Pharmaceuticals (HIK) 1,692.00p 1.62% GlaxoSmithKline (GSK) 1,643.50p 1.58% Wolseley (WOS) 4,988.00p 1.55% WPP (WPP) 1,737.00p 1.52% Randgold Resources Ltd. (RRS) 7,200.00p 1.48% FTSE 100 - Fallers Lloyds Banking Group (LLOY) 71.74p -1.86% Shire Plc (SHP) 4,651.50p -1.83% United Utilities Group (UU.) 1,035.00p -1.80% Royal Bank of Scotland Group (RBS) 261.60p -1.65% DCC (DCC) 7,290.00p -1.62% Provident Financial (PFG) 3,091.00p -1.31% Standard Life (SL.) 383.90p -1.23% Centrica (CNA) 203.20p -1.22% Barclays (BARC) 211.65p -1.12% SSE (SSE) 1,519.00p -1.11% FTSE 250 - Risers Restaurant Group (RTN) 350.60p 10.46% Spirax-Sarco Engineering (SPX) 5,760.00p 8.47% Countryside Properties (CSP) 326.10p 7.62% Acacia Mining (ACA) 285.80p 7.48% Capita (CPI) 569.50p 4.30% Allied Minds (ALM) 154.60p 4.25% Euromoney Institutional Investor (ERM) 1,207.00p 4.05% Sophos Group (SOPH) 436.80p 3.80% GVC Holdings (GVC) 811.00p 3.71% Wizz Air Holdings (WIZZ) 2,285.00p 3.68% FTSE 250 - Fallers Petrofac Ltd. (PFC) 389.00p -9.70% ZPG Plc (ZPG) 360.10p -3.79% Intermediate Capital Group (ICP) 892.00p -3.04% Aldermore Group (ALD) 246.30p -2.53% Britvic (BVIC) 705.00p -2.49% Crest Nicholson Holdings (CRST) 617.00p -2.37% Tate & Lyle (TATE) 732.00p -2.27% Ibstock (IBST) 235.80p -2.16% OneSavings Bank (OSB) 427.20p -2.04% Cranswick (CWK) 2,931.00p -1.97% 19-20% yield after June 2017 payable quarterly Grenfell Markets is a private equity and venture capital firm providing access to exclusive private placements and structured products. Our current offering pays quarterly Dividends and Capital Growth Upon Exit. Based on today’s market price ($45-50) investors should expect to receive 19-20% yield after June 2017 payable quarterly. Click here to find out more… US Market Report US open: Stocks flat as investors mull economic data Wall Street's main market gauges are slightly lower heading into the Memorial Day weekend following the release of mixed economic data. As of 1459 BST the Dow Jones Industrial Average is off by 0.08% or 14.82 points at 21,069.55, with the S&P 500 down by 0.01% or 0.28 points to 2,414.60 and the Nasdaq Composite retreating 0.04% or 2.17 points to 6,202.93. From a sector standpoint, the worst performing areas of the market were: Oil equipment services (-3.26%), Coal (-2.74%) and Non-ferrous metals (-1.68%). Meanwhile, oil prices reversed heavy losses to trade a little higher, with West Texas Intermediate up 0.51% to $49.15 a barrel. Prices had fallen sharply after the Opec meeting in Vienna resulted in a nine-month extension of the previously agreed 1.8m barrel-a-day production cut. America's gross domestic product expanded at an upwardly revised pace of 1.2% during the first three months of 2017, revised data showed. The Department of Commerce had initially pegged the rate of growth at 0.7% (consensus: 0.9%). Orders for durable goods fell by 0.7% on the month in April, which was better than the 1.5% drop economists had been expecting. Significantly, growth for the prior month was revised up to show a rise of 2.3% instead of the 0.9% increase originally estimated. Nonetheless, those revisions were on account of a sharp upwards revision to volatile data for aircraft orders in March. As well, core capital goods orders - perhaps the key gauge contained in that report - were flat in April (consensus: 0.5%). The mood of US consumers was more buoyant in May, with the University of Michigan's sentiment index edging higher from 97.0 for April to 97.1. That was lower than a preliminary reading of 97.5 but the expectations subindex improved from 87.0 to 87.7, a positive sign. Shares in Deckers Outdoor surged 17.39% after the footwear designer surprised markets with first quarter earnings per share of 11 cents, which was far in excess of the -6 cent loss expected. The company's sales and full-year EPS guidance were also better-than-expected. Discount retailer Big Lots is slightly higher after posting a first quarter EPS of $1.15, soundly beating estimates on the street for 99 cents. However, its top line figure came in at $1.30bn, which was a shade below the $1.31bn analysts had anticipated. Market Analysis 25/05/2017 Today’s highlights: Positive trend seen in global markets Another record for the S&P 500: Wall Street closed in the green yesterday, with the S&P 500 posting a fresh all-time high. The positive trend is affiliated to the FOMC minutes released yesterday, which showed that the Fed aims to trim its balance sheet and signaled that a rate hike is coming soon. US Markets could also be affected by the Unemployment Claims report to be released at 12:30 GMT. Asia seen higher: Following the positive trend seen in the US, Asian markets were also trading higher this morning. Impressive gains were seen in the China50 index, which climbed 2.5% this morning. Bitcoin crosses $2,500: The cryptocurrency passed the milestone yesterday, continuing its climb this morning. Ethereum eases after posting another record: After reaching the $200 mark yesterday, Ethereum reverted to losses, but is still maintaining its impressive levels from recent days. Read More... Broker Tips Broker tips: Acacia Mining, Restaurant Group, Experian Jefferies slashed its target on Acacia Mining by 41% to 265p after a Tanzanian presidential committee accused the miner of under-reporting gold contained in 277 containers for export. Acacia said the containers, which had been held at the Dar es Salaam port since March, carried around six weeks of concentrate production from Acacia's Bulyanhulu and Buzwagi mines, with roughly 30,000 oz of gold, but the government audit claimed this figure was more than 10 times greater. The tenfold under-reporting was immediately refuted by Acacia and Jefferies felt the level was "a degree that is difficult to reconcile", akin to other analysts covering the stock, being higher than Bulyanhulu and Buzwagi's entire 2016 estimated concentrate production. JPMorgan Cazenove upgraded Restaurant Group to 'overweight' from 'neutral' and lifted the price target to 380p from 340p following the company's first-quarter update on Friday, as it now sees upside to the share price. The shares have lost 17% since 10 March and the stock is now trading at 6.7x FY2018 EV/EBITDA, which appears too cheap, JPM said. It said the group "has had a better start to 2017 than many in the market may have expected". Like-for-like sales in the first 20 weeks were down 1.8%, but this is a better run-rate than the 4% drop in LFLs the bank had expected and continues to expect for 2017 as a whole. JPM said sales were supported by three tailwinds so far this year: strong growth in UK passenger numbers which has boosted the performance of the concessions business; good weather, especially in April and late May, which has supported the pubs business; and strong cinema admissions, which have helped the leisure business. However, JPM does not expect these tailwinds to continue and reckons the full effect of the company's investment in pricing will only be felt in the second half of the year. Credit checking agency Experian was under the cosh on Friday as Deutsche Bank downgraded the stock to 'sell' from 'hold' and cut the price target to 1,460p from 1,560p. It said that while the company delivered solid full-year results, there is increasing risk to the US credit services outlook from slower employment growth and a lower rate of growth in this division will leave Experian with much less room for manoeuvre on its investment programme. "We believe the current valuation does not factor in likely slowing US employment growth, consumer deleveraging and structural pressure on the consumer services divisional margin." DB noted that Experian trades at an all-time high forward 12-month price-to-earnings multiple despite a worsening outlook for top line growth and margin. It added that "Operational gearing in this business has allowed them to invest for growth. The current P/E does not reflect this growth risk. At the same time we believe the margin in Consumer Services will come under pressure from competition, a reversal of the marketing budget cuts in 17e and the transition away from a subscription business model." CannaInvestors Hub Magazine - Research for Cannabis Investors Subscribe for Free to the May 2017 issue Featured Companies include HelloMD, AEssenseGrows, MCig, Inc, Grow Condos, Novus Acquisition and Dev, Naturally Splendid Ent Ltd, AusCann Group Holdings. 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