| | | | | | | 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. | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks edge up as pound loses ground on Brexit news London stocks edged higher in early trade, helped along by weakness in the pound, which fell after Brexit Secretary David Davis warned that Britain will walk out of Brexit talks if the EU demands €100bn to leave.
At 0840 BST, the FTSE 100 was up 0.4% to 7,497.78, while the pound was down 0.4% against the dollar at 1.2972 and 0.1% versus the euro at 1.1613.
Spreadex analyst Connor Campbell said: "The difference in the pound's performance against the two currencies is illustrative, suggesting that, despite the snap election boost, its recent gains against the greenback are more a case of Trump-inspired weakness than sterling-strength."
A weaker sterling tends to benefit the FTSE 100, as around 70% of its constituents derive their earnings from overseas.
Davis said over the weekend that Britain would not engage in talks unless Brussels drops its demand to charge €100bn to leave the EU.
Meanwhile, oil prices were on the rise ahead of an OPEC meeting in Vienna on Thursday during which members will discuss the possible extension of their agreement to cut production by 1.8m barrels a day until mid-2017. West Texas Intermediate was up 0.8% to $51.09 a barrel and Brent crude was 0.7% higher at $54.01.
Investors were also likely to be keeping an eye on any headlines related to Trump's inaugural trip abroad, after he signed a $110bn arms deal with Saudi Arabia.
In corporate news, AstraZeneca nudged up after announcing the sale of its European rights to a hypertension and angina treatment for a sum of $300m plus royalties and a percentage of sales.
Wood Group edged higher after saying it has signed a technical support services contract with Sakhalin Energy Investment Company, an operator of Sakhalin-2, one of the world's largest integrated oil and gas projects, for an undisclosed sum.
Shares in Vectura fell after the inhaler maker said it is due to present positive outcomes of its Phase I clinical study on its VR942 inhaled asthma treatment at the American Thoracic Society's annual conference later on Monday.
Intertek was boosted by an upgrade to 'buy' at Kepler Cheuvreux and Cairn Energy was lifted by an upgrade to 'outperform' at Macquarie, but Micro Focus took a hit after Credit Suisse cut the stock to 'underperform'.
There are no major UK data releases due. |
| Market Movers
FTSE 100 (UKX) 7,497.78 0.36%
FTSE 250 (MCX) 19,861.75 0.25%
techMARK (TASX) 3,599.62 0.24%
FTSE 100 - Risers
Intertek Group (ITRK) 4,247.00p 1.92%
Anglo American (AAL) 1,111.00p 1.65%
Marks & Spencer Group (MKS) 389.60p 1.22%
Fresnillo (FRES) 1,615.00p 1.06%
Randgold Resources Ltd. (RRS) 7,385.00p 1.03%
3i Group (III) 837.00p 1.03%
Antofagasta (ANTO) 816.50p 0.93%
Land Securities Group (LAND) 1,078.00p 0.84%
Vodafone Group (VOD) 222.15p 0.84%
Standard Chartered (STAN) 742.00p 0.82%
FTSE 100 - Fallers
Micro Focus International (MCRO) 2,414.00p -2.35%
Bunzl (BNZL) 2,414.00p -1.79%
Worldpay Group (WPG) 317.90p -1.24%
Royal Mail (RMG) 423.30p -1.19%
Direct Line Insurance Group (DLG) 349.30p -0.68%
Rolls-Royce Holdings (RR.) 846.50p -0.53%
DCC (DCC) 7,415.00p -0.47%
Morrison (Wm) Supermarkets (MRW) 241.70p -0.33%
Persimmon (PSN) 2,423.00p -0.33%
Hikma Pharmaceuticals (HIK) 1,731.00p -0.29%
FTSE 250 - Risers
Cairn Energy (CNE) 218.60p 3.50%
Nostrum Oil & Gas (NOG) 500.00p 2.04%
Bankers Inv Trust (BNKR) 794.00p 1.93%
Elementis (ELM) 295.20p 1.90%
ZPG Plc (ZPG) 363.30p 1.76%
Tullow Oil (TLW) 214.10p 1.71%
Just Group (JUST) 137.40p 1.70%
Grainger (GRI) 262.50p 1.67%
Acacia Mining (ACA) 438.00p 1.65%
Fidelity European Values (FEV) 218.50p 1.63%
FTSE 250 - Fallers
Paysafe Group (PAYS) 465.80p -3.60%
Sophos Group (SOPH) 391.30p -2.30%
Millennium & Copthorne Hotels (MLC) 463.60p -1.74%
AO World (AO.) 147.90p -1.20%
Wetherspoon (J.D.) (JDW) 1,002.00p -1.18%
Just Eat (JE.) 600.50p -1.15%
Indivior (INDV) 320.30p -0.84%
CYBG (CYBG) 272.30p -0.77%
Petrofac Ltd. (PFC) 650.50p -0.76% |
| | "Renewable energy is about to boom in Africa and we need to pay attention to it" (Forbes) - Register your interest |
| | UK Event Calendar | | Monday May 22
INTERIMS
Cerillion , Ixico
INTERIM DIVIDEND PAYMENT DATE
EJF Investments Ltd NPV
FINALS
Mckay Securities
ANNUAL REPORT
Cyanconnode Holdings
SPECIAL EX-DIVIDEND DATE
National Grid
EGMS
Glanbia, Sacoil Holdings (DI)
AGMS
Brady, Cloudcall Group, Gamma Communications, Integrated Diagnostics Holdings, Johnston Press, Restore, Restore, StatPro Group
FINAL DIVIDEND PAYMENT DATE
InterContinental Hotels Group, Morgan Sindall Group, Relx plc
Q1
TBC Bank Group
|
| | 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 close: Stocks rise despite third week of outflows Investors continued to move back into Wall Street stocks following the largest drop since September on Wednesday, despite a spate of mixed company results.
The Dow Jones Industrials rose 0.69% to 20,804.04, alongside gains of 0.68% for the S&P 500 to 2,381.73 and gains of 0.47% in the Nasdaq Composite that took it to 6,083.70.
To take note however, outflows from US equities continued for a third week running to 17 May, to the tune of $8.9bn, according to strategists at Bank of America-Merrill Lynch who cited data from EPFR Global.
Front month West Texas Intermediate crude oil futures gained $1.05 to $50.33 a barrel on the ICE, even as Baker Hughes reported that the number of oil rigs operating in the States jumped for an 18th consecutive week, rising by eight to 720.
Acting as a backdrop, 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 edged higher by one basis point to 2.24%.
From a sector standpoint, the best performance was seen in the following industrial groups on Friday: Non-ferrous metals (3.90%), Commercial vehicles (3.07%) and Industrial engineering (2.24%).
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 also cheered stronger than expected profits and guidance out of semiconductor equipment manufacturer Applied Materials.
Shares of Campbell Soup on the other hand ended the day moderately lower 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) $102.43 2.21%
General Electric Co. (GE) $28.05 2.07%
Boeing Co. (BA) $180.76 1.89%
Wal-Mart Stores Inc. (WMT) $78.77 1.59%
United Technologies Corp. (UTX) $121.16 1.50%
Chevron Corp. (CVX) $106.52 1.28%
E.I. du Pont de Nemours and Co. (DD) $77.82 1.01%
JP Morgan Chase & Co. (JPM) $84.78 0.98%
Verizon Communications Inc. (VZ) $45.42 0.84%
Visa Inc. (V) $92.48 0.84%
Dow Jones - Fallers
Cisco Systems Inc. (CSCO) $31.21 -0.54%
Merck & Co. Inc. (MRK) $63.78 -0.17%
Travelers Company Inc. (TRV) $120.79 -0.07%
Microsoft Corp. (MSFT) $67.69 -0.03%
Johnson & Johnson (JNJ) $127.00 0.02%
Goldman Sachs Group Inc. (GS) $215.39 0.11%
Nike Inc. (NKE) $51.77 0.17%
Exxon Mobil Corp. (XOM) $81.93 0.22%
Coca-Cola Co. (KO) $43.90 0.23%
3M Co. (MMM) $195.80 0.29%
S&P 500 - Risers
Autodesk Inc. (ADSK) $109.91 14.69%
Frontier Communications Co. (FTR) $1.46 12.31%
McKesson Corp. (MCK) $153.01 8.18%
Deere & Co. (DE) $120.90 7.30%
Helmerich & Payne Inc. (HP) $60.04 5.24%
CF Industries Holdings Inc. (CF) $28.56 4.20%
Devon Energy Corp. (DVN) $38.39 4.04%
First Solar Inc. (FSLR) $36.34 3.95%
Southwestern Energy Co. (SWN) $7.11 3.95%
Freeport-McMoRan Inc (FCX) $11.73 3.90%
S&P 500 - Fallers
Gap Inc. (GPS) $22.28 -3.92%
Ralph Lauren Corp (RL) $69.29 -2.93%
Alexion Pharmaceuticals Inc. (ALXN) $113.84 -2.43%
Symantec Corp. (SYMC) $29.02 -2.42%
Campbell Soup Co. (CPB) $55.78 -2.04%
XL Group Ltd (XL) $41.45 -1.92%
Regeneron Pharmaceuticals Inc. (REGN) $450.01 -1.60%
NetApp Inc. (NTAP) $39.53 -1.54%
Broadcom Limited (AVGO) $234.10 -1.50%
L Brands Inc (LB) $48.99 -1.41%
Nasdaq 100 - Risers
Autodesk Inc. (ADSK) $109.91 14.69%
Viacom Inc. Class B (VIAB) $35.20 3.56%
Baidu Inc. (BIDU) $188.76 3.47%
QUALCOMM Inc. (QCOM) $57.67 2.76%
Discovery Communications Inc. Class A (DISCA) $25.87 2.74%
Discovery Communications Inc. Class C (DISCK) $25.18 2.65%
Starbucks Corp. (SBUX) $61.36 2.57%
JD.com, Inc. (JD) $41.06 2.24%
Nvidia Corp. (NVDA) $136.00 2.20%
Incyte Corp. (INCY) $131.43 2.04%
Nasdaq 100 - Fallers
Alexion Pharmaceuticals Inc. (ALXN) $113.84 -2.43%
Symantec Corp. (SYMC) $29.02 -2.42%
Regeneron Pharmaceuticals Inc. (REGN) $450.01 -1.60%
Broadcom Limited (AVGO) $234.10 -1.50%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $294.08 -1.26%
Biogen Inc (BIIB) $250.09 -1.08%
Walgreens Boots Alliance, Inc. (WBA) $80.61 -1.03%
Amgen Inc. (AMGN) $156.51 -0.92%
Biomarin Pharmaceutical Inc. (BMRN) $89.23 -0.84% |
| | 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... |
| | Newspaper Round Up | | Monday newspaper round-up: Brexit talks, house prices, convenience stores Britain has "no time to waste" in Brexit talks, Theresa May will warn as she says formal negotiations about leaving the European Union will start just 11 days after the election. The Prime Minister will tell supporters in Wales - which voted overwhelmingly to leave the European Union at the referendum - not to risk letting Jeremy Corbyn lead these talks. - Telegraph
Asking prices for UK homes hit a new record high over the past month as families in search of bigger properties brushed aside uncertainty caused by Brexit and June's general election. Prices sought by sellers rose 1.2% in the four weeks to 13 May, pushing the average asking price to a fresh peak of £317,281, according to the property website Rightmove. - Guardian
Theresa May's plans to overhaul social care could be wrecked by poorly performing local authorities, amid further signs that Labour is closing the gap with the Conservatives. Research suggested that people in some parts of the country were struggling to exercise their legal right to defer residential care payments until after their death, with some authorities making it difficult or impossible to strike a deal. - The Times
Investors could face an extra €100 billion bill if Brussels forces the clearing of euro-denominated trades away from London because of Brexit, the chief executive of the London Stock Exchange has warned. The move would cause fragmentation of the €1 trillion market which forms the plumbing behind the global financial system, making it more difficult for clearing houses to offset risk, thereby increasing costs passed on to users including pensioners and savers. - The Times
The boss of the country's biggest convenience store chain, McColls, has said that he is eyeing a possible takeover of Tesco's One Stop chain. Industry experts believe that Tesco will have to either offload its One Stop brand or hundreds of Tesco Express shops in order to secure clearance from the UK's competition regulator for its merger with the wholesaler Booker. - Telegraph
A healthcare analyst at Jefferies has been named the City's best stock-picker as brokers continue to scale back their research operations. James Vane-Tempest came out on top in this year's StarMine analyst awards. JP Morgan Cazenove was ranked the best broker. - The Times
The owner of British Airways has hit out at Heathrow Airport over its plans to nearly double the number of UK destinations it will offer after expansion. Heathrow has written to the Government asking it to ringfence a proportion of the slots it expects to become available - if a third runway is built - for flights to and from UK destinations. - Mail
The majority of Apple Pay tills in the UK can now accept mobile payments above £30, bringing the tech giant's vision of replacing the wallet a step closer. Jennifer Bailey, the head of Apple's payments business, said over half of contactless payment terminals in the UK are now able to take Apple Pay transactions of any value. Most card readers had previously been restricted to £30, the default upper limit for contactless card transactions. - Telegraph
Only a decade ago logistics companies which owned large warehouses - or "sheds" as insiders call them - were considered the least glamorous part of the property world. At the same time, shopping centres were booming. Now shifting shopping patterns are causing a reversal of fortunes and few companies better represent that change than Segro and Intu. - The Times
A team of salvage experts hoping to recover billions of pounds worth of gold from deep-sea shipwrecks are looking for investors to back their treasure hunt. Britannia's Gold has launched a £5m equity fundraising for their exploration of ships sunk in the First and Second World Wars. - Mail |
| | 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 | |
No comments:
Post a Comment