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| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London close: FTSE ties on positive resources-led Friday Stocks in London tied on a positive Friday performance thanks to gains in resources behemoths and after better-than-expected UK manufacturing data, continuing its rebound after the mid-week Donald Trump-inspired sell-off.
The FTSE 100 was up 0.46% to 7,470.71, and the FTSE 250 was ahead 0.62% to 19,812.80. This was as sterling made good inroads into the dollar, but edged down against the euro.
Across the Atlantic, the Dow Jones, S&P 500 and Nasdaq were doing well, while on the continent the Euro Stoxx 50, Dax and Cac 40 were all advancing.
Titan miners did well as the dollar wheezed. Anglo American, Rio Tinto, BHP Billiton and Glencore did particularly good.
"Further US dollar weakness is giving succour to commodity prices, and in turn UK miners are the driving force behind the FTSE bounce," said IG chief market analyst Chris Beauchamp.
Oil giants BP and Shell were up thanks to hearty gains in the prices of WTI and Brent crude, these driven by hopes of cartel Opec next week extending its production curbs into 2018.
Connor Campbell, financial analyst at SpreadEx, noted that the market's green glow only grew more intense after the US open. The Dow was the latest index to recover some of its US President Trump-inspired losses, he said.
David Madden, market analyst at CMC Markets UK, said the turnaround seen yesterday was staying on track for the moment.
"There hasn't been any major developments in relation to (US President) Donald Trump, and dealers are cautiously picking up stocks," said Madden. Wall St was recovering from the sell-off sparked by concerns that Trump could be impeached.
"We still have a fair bit to go to make up for the losses earlier this week, but while the word 'impeachment' isn't being bandied about as much, investors are taking on more risk," said Madden.
"This story hasn't gone away, and for the time being it seems to be paused, but me mindful that it could flare up again."
Meanwhile, UK market sentiment got a boost after the latest survey from the Confederation of British Industry showed UK manufacturing output in April was much stronger than expected.
Howard Archer, chief UK and European economist at IHS Markit, said: "This is an encouraging survey that fuels hopes that the UK economy is on course for some pick-up in growth in the second quarter after GDP expansion more than halved to 0.3% quarter-on-quarter in the first quarter."
In corporate news, Hikma Pharmaceuticals rose as it updated its guidance on full year revenue to be $2bn-$2.1bn in constant currency after last week's delay of its asthma drug application by US regulators.
Rio Tinto plc and Rio Tinto Limited said general meetings of shareholders are being convened for the purpose of approving the divestment of Coal & Allied Industries Limited to Yancoal Australia Ltd.
Aviva and Direct Line were higher but Legal & General dropped after they updated the market on their Solvency II positions. |
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| Market Movers
FTSE 100 (UKX) 7,470.71 0.46%
FTSE 250 (MCX) 19,812.80 0.62%
techMARK (TASX) 3,591.08 0.80%
FTSE 100 - Risers
Micro Focus International (MCRO) 2,472.00p 2.66%
Anglo American (AAL) 1,093.00p 2.44%
Smurfit Kappa Group (SKG) 2,147.00p 2.29%
Rio Tinto (RIO) 3,167.50p 2.13%
Hikma Pharmaceuticals (HIK) 1,736.00p 2.12%
ITV (ITV) 196.00p 2.08%
easyJet (EZJ) 1,254.00p 1.95%
Worldpay Group (WPG) 321.90p 1.77%
BHP Billiton (BLT) 1,215.00p 1.72%
Babcock International Group (BAB) 937.50p 1.63%
FTSE 100 - Fallers
Smiths Group (SMIN) 1,584.00p -2.76%
Land Securities Group (LAND) 1,069.00p -2.11%
Experian (EXPN) 1,631.00p -1.75%
British Land Company (BLND) 629.00p -1.49%
Royal Mail (RMG) 428.40p -1.20%
Johnson Matthey (JMAT) 3,045.00p -1.14%
DCC (DCC) 7,450.00p -1.13%
Tesco (TSCO) 182.50p -0.82%
Intu Properties (INTU) 265.50p -0.75%
Legal & General Group (LGEN) 249.10p -0.72%
FTSE 250 - Risers
Senior (SNR) 236.70p 6.53%
SIG (SHI) 139.40p 5.05%
Petra Diamonds Ltd.(DI) (PDL) 136.20p 5.01%
Kaz Minerals (KAZ) 495.70p 4.69%
Berendsen (BRSN) 1,090.00p 4.21%
Renishaw (RSW) 3,517.00p 3.84%
Vesuvius (VSVS) 561.00p 3.60%
Vedanta Resources (VED) 650.00p 3.01%
Aldermore Group (ALD) 256.50p 2.93%
Nex Group (NXG) 644.50p 2.79%
FTSE 250 - Fallers
Hays (HAS) 166.40p -3.98%
Allied Minds (ALM) 140.80p -3.63%
Euromoney Institutional Investor (ERM) 1,175.00p -2.96%
Thomas Cook Group (TCG) 92.45p -2.89%
Pagegroup (PAGE) 473.50p -2.69%
Restaurant Group (RTN) 330.60p -2.45%
Nostrum Oil & Gas (NOG) 494.10p -2.20%
Ashmore Group (ASHM) 343.20p -1.69%
IP Group (IPO) 143.30p -1.65%
Great Portland Estates (GPOR) 665.00p -1.63% |
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| | US Market Report | | US open: Stocks bounce back despite mixed results Shares on Wall Street are finding a decent bid at the end of the week despite a spate of mixed company results.
As of 16:49 BST, the Dow Jones Industrials was rising 0.58% to 20,782.61, alongside gains of 0.73% for the S&P 500 to 2,383.05 and gains of 0.63% in the Nasdaq Composite taking it to 6,093.46.
Front month West Texas Intermediate crude oil futures were up by 2.02% to $50.37 a barrel on the ICE.
To take note of, the president of the Federal Reserve bank of St.Louis said rate-setters' own forecasts for two more interest rate hikes in 2017 might be overly aggressive.
Judging by the reaction from financial markets to the Fed's last hike, which was the opposite of what he had expected, James Bullard said:"This may suggest that the FOMC's contemplated policy rate path is overly aggressive relative to actual incoming data on U.S. macroeconomic performance."
Meanwhile, the yield on the benchmark 10-year US Treasury note was edging higher by one basis point to 2.25%.
No first-tier US economic data was scheduled for release on Friday, although traders were waiting on Baker Hughes's weekly tally of US oil rigs, at 18:00 BST.
Shares of Deere & Co. rocketed after the agricultural equipment manufacturer raised its sales and profit forecasts for the year.
Power company Dynegy was another standout gainer after the Wall Street Journal said it had received a takeover approach from rival Vistra Energy.
Investors were also cheered by stronger than expected profits and guidance out of semiconductor equipment manufacturer Applied Materials.
Campbell Soup on the other hand was on the backfoot after its latest quarterly figures fell short of analysts' estimates.
Stock in Foot Locker plummeted after the sporting goods retailer posted a 0.4% improvement in its first quarter like-for-like sales (consensus: 1.4%).
Dow Jones - Risers
Caterpillar Inc. (CAT) $102.39 2.17%
General Electric Co. (GE) $27.97 1.80%
Wal-Mart Stores Inc. (WMT) $78.85 1.69%
E.I. du Pont de Nemours and Co. (DD) $78.12 1.40%
JP Morgan Chase & Co. (JPM) $84.98 1.21%
United Technologies Corp. (UTX) $120.69 1.11%
McDonald's Corp. (MCD) $148.37 0.93%
American Express Co. (AXP) $76.99 0.80%
Apple Inc. (AAPL) $153.66 0.73%
Nike Inc. (NKE) $52.06 0.73%
Dow Jones - Fallers
Cisco Systems Inc. (CSCO) $31.05 -1.05%
Johnson & Johnson (JNJ) $126.57 -0.32%
Merck & Co. Inc. (MRK) $63.74 -0.23%
Travelers Company Inc. (TRV) $120.63 -0.21%
3M Co. (MMM) $194.97 -0.14%
Exxon Mobil Corp. (XOM) $81.84 0.11%
Unitedhealth Group Inc. (UNH) $171.75 0.17%
Coca-Cola Co. (KO) $43.90 0.22%
Procter & Gamble Co. (PG) $86.06 0.22%
Home Depot Inc. (HD) $156.15 0.29%
S&P 500 - Risers
Autodesk Inc. (ADSK) $112.08 16.96%
McKesson Corp. (MCK) $153.92 8.82%
Frontier Communications Co. (FTR) $1.40 8.08%
Deere & Co. (DE) $121.66 7.98%
Tenet Healthcare Corp. (THC) $17.72 4.36%
CF Industries Holdings Inc. (CF) $28.59 4.30%
Freeport-McMoRan Inc (FCX) $11.70 3.63%
Chesapeake Energy Corp. (CHK) $5.76 3.50%
Mosaic Company (MOS) $23.64 3.44%
Helmerich & Payne Inc. (HP) $58.92 3.28%
S&P 500 - Fallers
Ralph Lauren Corp (RL) $69.03 -3.29%
Gap Inc. (GPS) $22.54 -2.80%
Campbell Soup Co. (CPB) $55.62 -2.32%
Broadcom Limited (AVGO) $233.53 -1.74%
L Brands Inc (LB) $48.92 -1.55%
TJX Companies Inc. (TJX) $73.52 -1.29%
Motorola Solutions Inc (MSI) $79.83 -1.24%
Symantec Corp. (SYMC) $29.39 -1.18%
Regeneron Pharmaceuticals Inc. (REGN) $452.30 -1.10%
Cisco Systems Inc. (CSCO) $31.05 -1.05%
Nasdaq 100 - Risers
Autodesk Inc. (ADSK) $112.08 16.96%
Baidu Inc. (BIDU) $187.99 3.05%
Incyte Corp. (INCY) $132.35 2.76%
Starbucks Corp. (SBUX) $61.46 2.74%
Liberty Global Plc Lilac Class C (LILAK) $20.55 2.60%
Nvidia Corp. (NVDA) $136.50 2.58%
Yahoo! Inc. (YHOO) $50.79 2.34%
JD.com, Inc. (JD) $40.99 2.07%
Ross Stores Inc. (ROST) $62.33 2.06%
Dish Network Corp. (DISH) $63.83 2.05%
Nasdaq 100 - Fallers
Broadcom Limited (AVGO) $233.53 -1.74%
Symantec Corp. (SYMC) $29.39 -1.18%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $294.37 -1.16%
Regeneron Pharmaceuticals Inc. (REGN) $452.30 -1.10%
Cisco Systems Inc. (CSCO) $31.05 -1.05%
Alexion Pharmaceuticals Inc. (ALXN) $115.75 -0.79%
O'Reilly Automotive Inc. (ORLY) $248.24 -0.61%
Amgen Inc. (AMGN) $157.32 -0.40%
Cintas Corp. (CTAS) $120.10 -0.40% |
| | Market Analysis 12/05/2017 Today’s highlights: Indices low while oil and gold show gains - Wall Street closes lower: All three major indices finished in the red at the end of yesterday’s trading day. Macy’s earnings report missed predictions, causing its stock to tank 17%.
- Boeing stock drops following 737 problem: Aviation powerhouse Boeing saw its stock price drop yesterday, after announcing it is suspending flights for its 737 Max model due to an engine problem. While prices recovered after the announcement, they fell slightly again after-hours.
- Asia seen lower: Indices in Asia were trading lower this morning, with the ASX 200 and Nikkei losing 0.87% and 0.57% respectively.
- Volatility expected for US Dollar today: CPI and Retail reports will be released at 12:30 GMT today. These reports..
Read More... |
| | Broker Tips | | London close: FTSE ties on positive resources-led Friday Stocks in London tied on a positive Friday performance thanks to gains in resources behemoths and after better-than-expected UK manufacturing data, continuing its rebound after the mid-week Donald Trump-inspired sell-off.
The FTSE 100 was up 0.46% to 7,470.71, and the FTSE 250 was ahead 0.62% to 19,812.80. This was as sterling made good inroads into the dollar, but edged down against the euro.
Across the Atlantic, the Dow Jones, S&P 500 and Nasdaq were doing well, while on the continent the Euro Stoxx 50, Dax and Cac 40 were all advancing.
Titan miners did well as the dollar wheezed. Anglo American, Rio Tinto, BHP Billiton and Glencore did particularly good.
"Further US dollar weakness is giving succour to commodity prices, and in turn UK miners are the driving force behind the FTSE bounce," said IG chief market analyst Chris Beauchamp.
Oil giants BP and Shell were up thanks to hearty gains in the prices of WTI and Brent crude, these driven by hopes of cartel Opec next week extending its production curbs into 2018.
Connor Campbell, financial analyst at SpreadEx, noted that the market's green glow only grew more intense after the US open. The Dow was the latest index to recover some of its US President Trump-inspired losses, he said.
David Madden, market analyst at CMC Markets UK, said the turnaround seen yesterday was staying on track for the moment.
"There hasn't been any major developments in relation to (US President) Donald Trump, and dealers are cautiously picking up stocks," said Madden. Wall St was recovering from the sell-off sparked by concerns that Trump could be impeached.
"We still have a fair bit to go to make up for the losses earlier this week, but while the word 'impeachment' isn't being bandied about as much, investors are taking on more risk," said Madden.
"This story hasn't gone away, and for the time being it seems to be paused, but me mindful that it could flare up again."
Meanwhile, UK market sentiment got a boost after the latest survey from the Confederation of British Industry showed UK manufacturing output in April was much stronger than expected.
Howard Archer, chief UK and European economist at IHS Markit, said: "This is an encouraging survey that fuels hopes that the UK economy is on course for some pick-up in growth in the second quarter after GDP expansion more than halved to 0.3% quarter-on-quarter in the first quarter."
In corporate news, Hikma Pharmaceuticals rose as it updated its guidance on full year revenue to be $2bn-$2.1bn in constant currency after last week's delay of its asthma drug application by US regulators.
Rio Tinto plc and Rio Tinto Limited said general meetings of shareholders are being convened for the purpose of approving the divestment of Coal & Allied Industries Limited to Yancoal Australia Ltd.
Aviva and Direct Line were higher but Legal & General dropped after they updated the market on their Solvency II positions.
Market Movers
FTSE 100 (UKX) 7,470.71 0.46%
FTSE 250 (MCX) 19,812.80 0.62%
techMARK (TASX) 3,591.08 0.80%
FTSE 100 - Risers
Micro Focus International (MCRO) 2,472.00p 2.66%
Anglo American (AAL) 1,093.00p 2.44%
Smurfit Kappa Group (SKG) 2,147.00p 2.29%
Rio Tinto (RIO) 3,167.50p 2.13%
Hikma Pharmaceuticals (HIK) 1,736.00p 2.12%
ITV (ITV) 196.00p 2.08%
easyJet (EZJ) 1,254.00p 1.95%
Worldpay Group (WPG) 321.90p 1.77%
BHP Billiton (BLT) 1,215.00p 1.72%
Babcock International Group (BAB) 937.50p 1.63%
FTSE 100 - Fallers
Smiths Group (SMIN) 1,584.00p -2.76%
Land Securities Group (LAND) 1,069.00p -2.11%
Experian (EXPN) 1,631.00p -1.75%
British Land Company (BLND) 629.00p -1.49%
Royal Mail (RMG) 428.40p -1.20%
Johnson Matthey (JMAT) 3,045.00p -1.14%
DCC (DCC) 7,450.00p -1.13%
Tesco (TSCO) 182.50p -0.82%
Intu Properties (INTU) 265.50p -0.75%
Legal & General Group (LGEN) 249.10p -0.72%
FTSE 250 - Risers
Senior (SNR) 236.70p 6.53%
SIG (SHI) 139.40p 5.05%
Petra Diamonds Ltd.(DI) (PDL) 136.20p 5.01%
Kaz Minerals (KAZ) 495.70p 4.69%
Berendsen (BRSN) 1,090.00p 4.21%
Renishaw (RSW) 3,517.00p 3.84%
Vesuvius (VSVS) 561.00p 3.60%
Vedanta Resources (VED) 650.00p 3.01%
Aldermore Group (ALD) 256.50p 2.93%
Nex Group (NXG) 644.50p 2.79%
FTSE 250 - Fallers
Hays (HAS) 166.40p -3.98%
Allied Minds (ALM) 140.80p -3.63%
Euromoney Institutional Investor (ERM) 1,175.00p -2.96%
Thomas Cook Group (TCG) 92.45p -2.89%
Pagegroup (PAGE) 473.50p -2.69%
Restaurant Group (RTN) 330.60p -2.45%
Nostrum Oil & Gas (NOG) 494.10p -2.20%
Ashmore Group (ASHM) 343.20p -1.69%
IP Group (IPO) 143.30p -1.65%
Great Portland Estates (GPOR) 665.00p -1.63% |
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