Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Thursday, 31 August 2017 17:44:46 Monitor Quote Charts News CFD's Compare Brokers Free BB   GlaxoSmithKline vs. AstraZeneca This report looks at the two largest UK pharmaceutical companies, both of which are at 2017 lows, and asks which is the better buy, if either has further to fall, which stock is right for you, and what are the city analysts saying? Losses can exceed deposits. Download your report 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 close: Stocks extend bounce, but some traders wary London stocks extended their recent bounce helped along by a strong showing in the mining sector after better-than-expected Chinese manufacturing data and a fifth session of gains for the benchmark S & P 500 in the States - although some observers remained unconvinced. "Equity markets in Europe are extending yesterday's rally as the nervousness surrounding North Korea has waned for now. Make no mistake, the standoff between Pyongyang and Washington DC is still ongoing, but while tempers are somewhat at a standstill, the bullish sentiment will continue. Traders are using the halt in hostilities as an opportunity to pick up stocks, but how long will the buying momentum last?," said David Madden, market analyst at CMC Markets UK. At the closing bell, the FTSE 100 was up 0.89% or 65.36 points to 7,430.62, even as Brexit concerns continued to weigh on the pound. The currency was down 0.26% versus the dollar at 1.2892 and by 0.4% against the euro at 1.0836. Speaking after meeting the UK's Brexit minister David Davis, the European Union's point man for Brexit, Michel Barnier, said he was "quite far" from being able to recommend EU leaders start the second phase of talks when they meet in October, adding that there still did not seem to be mutual trust between the two sides. Fortunately, a favourable reading on Chinese factory data, a degree of optimism regarding the prospect for tax reforms in the States and the launch of labour market reforms in the key euro area economy of France acted as an offset. Market participants were also digesting comments from Bank of England rate setter Michael Saunders, who explained the thinking behind his recent votes for higher interest rates in a speech in Cardiff. Saunders, an external member of the Bank's Monetary Policy Committee, said "a modest rise" in interest rates is needed to return currently high inflation sustainably back to its 2% target. Speaking at the Park Plaza Hotel in the Welsh capital, Saunders, who voted in the June and August MPC meetings to lift Bank Rate by 25 basis points after voting for no change at earlier meetings, said the trade-off between above-target inflation and below-potential output had "shifted markedly" in recent quarters. Mining stocks were among the best performers, with Anglo American, Rio Tinto and Glencore all in the black after China's official manufacturing purchasing managers' index for August printed at 51.7, up a touch from 51.4 in July and above expectations for a nudge down to 51.3. A reading above 50 indicates expansion. Elsewhere, Restaurant Group surged after it sales deteriorated as the first half of the year wore on, but the Frankie & Benny's and Garfunkel's owner served up a flat dividend as it reported early signs of improvement and broke back into the black. Many analysts had been expecting another profit warning. Building materials distributor Grafton was in the black after it said interim pre-tax profits rose 18% to £74.1m, but it warned that recent softer trends in the UK economy are likely to be sustained over the remainder of the year. Recruiter Hays pushed higher as it posted a rise in full-year profit and announced its first special dividend following a solid performance in Europe and a stabilisation in the UK. Serco was boosted by an upgrade from UBS, but G4S was hit by a downgrade from the same outfit. Provident Financial slipped after Jefferies downgraded its stance on the stock and as it was ejected from the FTSE 100 in the latest quarterly reshuffle. Ladbrokes reversed earlier gains to trade lower despite reporting a strong start of the year and a 7% jump in first-half operating profit. Melrose Industries suffered heavy losses after swinging to a profit in the first half of the year but warning that conditions at its Brush unit had worsened, while Jimmy Choo was flat despite reporting a 174% jump in first-half profit. G4S, Hammerson, St James's Place, Croda, Stagecoach, Auto Trader and Wood Group were all weaker as their stock went ex-dividend. Don't leave your pension on autopilot. Take control of your retirement with The Share Centre’s low cost fixed fee Self-Invested Personal Pension today. Capital at risk Click here Access high growth investment opportunities in the cannabis sector Top industry speakers, WORKSHOPS & EXHIBITORS Last few tickets left and SELLING OUT FAST PS. Use your 10% DISCOUNT CODE “IHUB10” Book Now! Market Movers FTSE 100 (UKX) 7,430.62 0.89% FTSE 250 (MCX) 19,803.59 0.95% techMARK (TASX) 3,418.60 0.98% FTSE 100 - Risers Mediclinic International (MDC) 764.50p 2.89% Anglo American (AAL) 1,402.50p 2.82% Hargreaves Lansdown (HL.) 1,400.00p 2.71% Whitbread (WTB) 3,758.00p 2.62% Shire Plc (SHP) 3,833.50p 2.32% Centrica (CNA) 199.90p 2.25% Smurfit Kappa Group (SKG) 2,362.00p 2.12% Next (NXT) 4,129.00p 2.05% AstraZeneca (AZN) 4,541.00p 1.98% Antofagasta (ANTO) 1,035.00p 1.97% FTSE 100 - Fallers G4S (GFS) 283.50p -3.21% St James's Place (STJ) 1,153.00p -1.45% Provident Financial (PFG) 857.50p -1.01% Tesco (TSCO) 180.90p -0.82% Hammerson (HMSO) 561.00p -0.71% Ashtead Group (AHT) 1,663.00p -0.54% Croda International (CRDA) 3,842.00p -0.44% Micro Focus International (MCRO) 2,273.00p -0.35% Standard Chartered (STAN) 770.00p -0.32% Fresnillo (FRES) 1,616.00p -0.25% FTSE 250 - Risers Restaurant Group (RTN) 346.50p 8.93% Serco Group (SRP) 117.70p 8.38% TBC Bank Group (TBCG) 1,686.00p 8.29% TP ICAP (TCAP) 493.60p 6.26% Evraz (EVR) 335.20p 6.24% Hays (HAS) 183.00p 5.90% Euromoney Institutional Investor (ERM) 1,096.00p 5.15% Millennium & Copthorne Hotels (MLC) 468.40p 3.90% Pagegroup (PAGE) 511.00p 3.82% CLS Holdings (CLI) 222.20p 3.78% FTSE 250 - Fallers Polymetal International (POLY) 884.50p -5.45% Melrose Industries (MRO) 220.00p -4.06% Stagecoach Group (SGC) 167.10p -3.02% Carillion (CLLN) 43.90p -2.97% Centamin (DI) (CEY) 151.50p -2.13% Elementis (ELM) 269.60p -1.86% Spectris (SXS) 2,314.00p -1.70% AA (AA.) 160.00p -1.60% Spire Healthcare Group (SPI) 324.60p -1.40% Dixons Carphone (DC.) 173.40p -1.31% Market Analysis 31/08/2017 Today’s highlights: USD volatility expected Wall Street closes higher: The Dow Jones, S&P 500 and NASDAQ all finished in the green yesterday. Netflix rose more than 3% and Apple hit an all-time intraday high, before reverting to slight losses. Asia seen mixed: Indices were going in different directions in the East. While the Nikkei was showing gains this morning, the China50 index registered losses. Read More... US Market Report US open: S & P 500 higher for a fifth day despite inflation miss Wall Street is edging higher on the back of generally upbeat readings on the economy and ahead of the release of the all-important monthly US jobs report which was due out on the next day. Nevertheless, readings on a key inflation index - the central bank's preferred gauge no less - underwhelmend most analysts on the Street, with potential implications for the monetary policy outlook. The year-on-year rate of gains in the 'core' deflator for personal consumption expenditures slipped from 1.5% in June to 1.4% for last month. Against that backdrop, as of 1501 BST the Dow Jones Industrial Average was ahead by 0.40% or 88.32 points to 21,981, alongside a 0.51% or 12.45 points rise to 2,470 while the Nasdaq Composite was rising by 0.55% or 35.0 points to 6,402. Ahead of Thursday's PCE data, Craig Erlam, senior market analyst at Oanda, told clients: "With earnings remaining subdued - albeit on a slightly positive trajectory this year - I'm not sure we're seeing enough to convince already uncertain policy makers that the current pace of tightening is appropriate. The December meeting - the most likely timing for the final rate hike this year - is fast approaching and without an improvement in the inflation and income data soon, it may well pass with rates unchanged and expectations going forward much lower." Unsurprisingly, while the US dollar spot index was edging up by 0.20% to 93.07, the yield on the benchmark 10-year US Treasury note was off by one basis point to 2.13% on the heels of the PCE figures. In parallel, according to the CME's Fed Watch tool Fed funds traders were pricing in just 36.4% odds of another 25 basis point rate hike by the central bank before the year was out. From a sector standpoint, the best performance was being seen in the following industry groups: Biotechnology (2.29%), Industrial suppliers (1.45%) and Automobiles (1.41%). Also on the economic front, Market News International's Chicago purchasing mangers' index for August printed at 58.9, pointing to unchanged levels of activity in that area of the country. That was slightly ahead of forecasts for a dip to 58.3. The National Association of Realtors' pending home sales index for July dropped by 0.8% on the month (consensus: 0.3%). Initial US unemployment claims for the week ending on 31 August rose by 1,000 to 236,000 (consensus: 235,000). Commenting on the latest claims figures, Michael Gapen at Barclays Research said: "we caution against ignoring the underlying signal: stability in claims near recovery-level lows, in our view, signals that the recent trend of solid employment gains and modest above-trend growth in activity is likely to continue." After the deluge of data on Thursday, the next big focus will be Friday's non-farm payrolls report as investors look for clues on hiring, wages and potential inflation pressures. Shares of Campbell Soup were on the backfoot after the New Jersey-based outfit posted a weaker than expected bottom-line amid falling sales. Dollar General was also moving lower as investors marked down its shares after the discount retailer guided towards full-year earnings per share of between $4.35 to $4.50 (consensus: $4.50). Dow Jones - Risers Pfizer Inc. (PFE) $33.96 1.51% General Electric Co. (GE) $24.58 1.24% E.I. du Pont de Nemours and Co. (DD) $84.05 1.03% Unitedhealth Group Inc. (UNH) $197.77 0.96% Merck & Co. Inc. (MRK) $63.69 0.90% Microsoft Corp. (MSFT) $74.61 0.81% Johnson & Johnson (JNJ) $132.02 0.72% International Business Machines Corp. (IBM) $143.47 0.64% Intel Corp. (INTC) $35.08 0.53% Cisco Systems Inc. (CSCO) $32.15 0.50% Dow Jones - Fallers Walt Disney Co. (DIS) $101.83 -1.01% Visa Inc. (V) $103.39 -0.33% Travelers Company Inc. (TRV) $121.53 -0.23% United Technologies Corp. (UTX) $119.36 -0.20% Boeing Co. (BA) $240.08 -0.16% JP Morgan Chase & Co. (JPM) $91.20 -0.12% 3M Co. (MMM) $203.50 -0.09% Verizon Communications Inc. (VZ) $48.13 0.01% Wal-Mart Stores Inc. (WMT) $78.56 0.03% Apple Inc. (AAPL) $163.59 0.15% S&P 500 - Risers Mallinckrodt Plc Ordinary Shares (MNK) $41.15 4.52% Southwestern Energy Co. (SWN) $5.47 3.11% Gilead Sciences Inc. (GILD) $83.54 2.84% Marathon Oil Corp. (MRO) $11.20 2.75% Allergan plc (AGN) $229.90 2.70% Endo International Plc (ENDP) $8.78 2.69% AutoNation Inc. (AN) $44.62 2.62% Tenet Healthcare Corp. (THC) $17.66 2.61% Newfield Exploration Co (NFX) $26.17 2.59% Mylan Inc. (MYL) $31.34 2.45% S&P 500 - Fallers Dollar General Corp (DG) $70.53 -8.08% Campbell Soup Co. (CPB) $47.54 -5.39% CenturyLink Inc. (CTL) $19.81 -2.94% Western Digital Corp. (WDC) $88.19 -2.34% Mondelez International Inc. (MDLZ) $40.92 -1.69% Dollar Tree Inc (DLTR) $78.42 -1.63% Archer-Daniels-Midland Co. (ADM) $41.21 -1.55% Martin Marietta Mtrl (MLM) $210.60 -1.50% Vulcan Materials Co. (VMC) $120.09 -1.45% CH Robinson Worldwide Inc (CHRW) $72.04 -1.40% Nasdaq 100 - Risers Gilead Sciences Inc. (GILD) $83.54 2.84% Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $219.42 2.74% Mylan Inc. (MYL) $31.34 2.45% Expedia Inc. (EXPE) $146.80 2.34% Biogen Inc (BIIB) $310.72 2.29% Celgene Corp. (CELG) $137.32 2.22% Wynn Resorts Ltd. (WYNN) $139.05 2.17% Mercadolibre Inc. (MELI) $251.55 1.95% Nvidia Corp. (NVDA) $168.75 1.85% Shire Plc Ads (SHPG) $148.15 1.63% Nasdaq 100 - Fallers Ctrip.Com International Ltd. Ads (CTRP) $50.00 -5.16% Incyte Corp. (INCY) $134.13 -2.99% Western Digital Corp. (WDC) $88.19 -2.34% Mondelez International Inc. (MDLZ) $40.92 -1.69% Dollar Tree Inc (DLTR) $78.42 -1.63% O'Reilly Automotive Inc. (ORLY) $195.61 -1.25% Kraft Heinz Co. (KHC) $81.08 -1.04% Paypal Holdings Inc (PYPL) $61.24 -0.87% Applied Materials Inc. (AMAT) $45.13 -0.76% Liberty Global Plc Lilac Class A (LILA) $25.98 -0.65% Barclays Vs Lloyds - Which is a better Buy? Barclays and Lloyds are two of the UK’s most popular stocks. But which is the better buy? In this Complimentary Guide we explain in plain English what’s really going on at these key British Banks. Find out: Are Lloyds shares set to rocket? Why Barclays has a ‘secret weapon’ that could unlock serious value How do they compare in value and safety? What you’re about to find out may surprise you… Click here for your Complimentary Guide Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 PFG Provident Financial plc 10.14 2 DC. Dixons Carphone plc 3.13 3 WPP WPP plc 1.79 4 CLLN Carillion plc 1.68 5 IQE IQE plc 1.64 6 GLEN Glencore plc 1.38 7 LLOY Lloyds Banking Group plc 1.29 8 SMT Scottish Mortgage Investment Trust 1.19 9 UKOG UK Oil & Gas Investments plc 1.15 10 SXX Sirius Minerals plc 1.07 Number of Deals Sold Place EPIC Equity name % 1 PFG Provident Financial plc 7.91 2 LLOY Lloyds Banking Group plc 1.94 3 GLEN Glencore plc 1.73 4 PURP PurpleBricks Group plc 1.58 5 CLLN Carillion plc 1.24 6 TSCO Tesco plc 1.23 7 DC. Dixons Carphone plc 1.17 8 SXX Sirius Minerals plc 1.05 9 IQE IQE plc 0.92 10 UKOG UK Oil & Gas Investments plc 0.91 Broker Tips Broker tips: Dunelm, Serco, G4S, Provident Financial Analysts at HSBC stuck by their 'hold' recommendation on shares of Dunelm Group despite the unforeseen and hasty departure of its chief executive, John Browett, the day before. Their expectation was for no immediate changes to the company's strategy; indeed, although Browett's focus on digital, modernising core infrastructure and the Worldstores acquisition had come at a cost, those changes were needed, the broker argued Furthermore, HSBC put disappointing growth and margins during Browett's reign down to adverse seasonality - which it believed was now reversing. In any case, with consumer fundamentals worsening it was now all the more necessary for the Board to reassure investors when the retailer next published its full-year numbers, on 13 September. Linked to the above, HSBC also pointed out how Dunelm's core categories were ultimately cyclical. HSBC kept its target for the shares at 600p. Serco surged on Thursday after UBS upgraded its stance on the stock as it said it was turning positive on the UK outsourcing sector following a 50% underperformance since 2013. UBS said 2018 is likely to be "a major inflection point", with growing earnings momentum expected to drive a recovery. "After companies spent five years on cultural transformation, 2018 could see the start of a multi-year structural, but disciplined, expansion in outsourcing. This recovery story is priced in to differing degrees and so we are selective: we upgrade Serco to buy as our key way to play this theme," it said. Serco was bumped up from 'neutral', with the price target lifted to 145p from 125p, as UBS downgraded G4S to 'neutral' from 'buy', cutting the price target to 300p from 355p. The bank said it sees an attractive risk/reward in Serco, with a strong sales pipeline and margin recovery secure. "Execution on turnarounds can drive a sustainable profit recovery that is not priced in at current valuations," it said. Jefferies downgraded Provident Financial to 'hold' from 'buy' and slashed the price target to 940p from 3,478p following the subprime lender's profit warning last week. Provident issued its second profit warning in two months last week, withdrew its dividend, announced the departure of its CEO and revealed an FCA investigation into Vanquis Bank, as it transitioned to a fully-employed agent model. Jefferies said in a note that its and management's confidence that the home credit operation could achieve medium-term pre-tax profit of £150m+ post the change to its operational model "proved to be woefully optimistic". The bank cut its consumer credit division pre-tax profit estimate from £60.5m to a loss of £110.2m, against a guided range of an £80m to £120m loss. It downgraded its pre-tax profit estimates for the group by 59% for 2017 and by 50% for 2018, saying that the company's woes have been exacerbated by the announced FCA investigation overhang at Vanquis Bank.   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

ADVFN Newsdesk - Futures Pointing To Continued Strength On Wall Street

ADVFN  World Daily Markets Bulletin Daily world financial news Thursday, 31 August 2017 09:46:46    Monitor Quote Charts News Toplists Forex Boards   Access high growth investment opportunities in the cannabis sector Top industry speakers, WORKSHOPS & EXHIBITORS Last few tickets left and SELLING OUT FAST PS. Use your 10% DISCOUNT CODE “IHUB10” Book Now! US Market NYSE AMEX Dow Jones Nasdaq Please click on the images to view our interactive charts The major U.S. index futures are pointing to a higher opening on Thursday, with stocks poised to extend the upward move seen over the two previous sessions. The upward momentum on Wall Street comes as traders are digesting the latest batch of U.S. economic data. Stocks moved mostly higher over the course of the trading session on Wednesday, adding to the gains posted on Tuesday. Trading activity was somewhat subdued, however, as traders seemed reluctant to make significant moves. While the Nasdaq jumped 66.42 points or 1.1 percent to 6,368.31, the S&P 500 climbed 11.29 points or 0.5 percent to 2,457.59 and the Dow inched up 27.06 points or 0.1 percent to 21,892.43. The strength on Wall Street came following the release of some upbeat U.S. economic data, including a report showing a jump in private sector employment. Private sector employment in the U.S. increased by more than anticipated in the month of August, according to a report released by payroll processor ADP. ADP said private sector employment jumped by 237,000 jobs in August following an upwardly revised increase of 201,000 jobs in July. Economists had expected employment to climb by 185,000 jobs compared to the addition of 178,000 jobs originally reported for the previous month. A separate report released by the Commerce Department showed U.S. economic activity increased by more than previously estimated in the second quarter. The Commerce Department said gross domestic product jumped by 3.0 percent in the second quarter compared to the previously estimated 2.6 percent growth. Economists had expected a much more modest upward revision in the pace of GDP growth in the quarter to 2.7 percent. Semiconductor, biotechnology and housing stocks showed significant moves to the upside on the day, while notable weakness was visible among oil service and gold stocks. CannaInvestors Hub Magazine - Research for Cannabis Investors Subscribe for Free to the July/August Issue In this issue we feature: Amercanex, Insure Your Green, Herbal Compliance, California Green Tree Development, LLC, mCig, Inc. (MCIG) and Helix TCS, Inc. (HLIX) press release, Horizons Marijuana Life Sciences Index ETF (HMLSF) and Cannabis Wheaton Income Corp. (KWFLF) Q&A and the Top 25 Cannabis Stocks. Click Here US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts First-time claims for U.S. unemployment benefits edged slightly higher in the week ended August 26th, according to a report released by the Labor Department. The report said initial jobless claims inched up to 236,000, an increase of 1,000 from the previous week's revised level of 235,000. Economists had expected jobless claims to rise to 237,000 from the 234,000 originally reported for the previous week. A separate report released by the Commerce Department showed U.S. personal income rose by slightly more than expected in the month of July, while personal spending increased by slightly less than expected. The Commerce Department said personal income climbed by 0.4 percent in July after coming in unchanged in June. Economists had expected income to rise by 0.3 percent. Meanwhile, the report said personal spending rose by 0.3 percent in July after edging up by 0.2 percent in the previous month. Spending had been expected to increase by 0.4 percent. At 9:45 am ET, MNI Indicators is scheduled to release its report on Chicago-area business activity in the month of August.  The Chicago business barometer is expected to edge down to 58.5 in August from 58.9 in July, although a reading above 50 would still indicate growth. The National Association of Realtors is also due to release its report on pending home sales in the month of July at 10 am ET. Pending home sales are expected to climb by 0.5 percent. The Cannabis Industry Annual Report 2017 Gain access to the latest business intelligence and stay on top of the rapidly changing cannabis industry with The Cannabis Industry Annual Report: 2017 Legal Marijuana Outlook. Click Here Europe markets European stocks have moved higher on Thursday as investors cheered upbeat data from the U.S. and China and kept a close eye on the final day of Brexit talks taking place in Brussels.  The dollar held steady while safe-haven assets such as the yen and gold eased, underscoring improving investor sentiment.  While the German DAX Index has climbed by 0.6 percent, the U.K.’s FTSE 100 Index and the French CAC 40 Index are both up by 0.7 percent. Banks are broadly higher, with Commerzbank, Deutsche Bank, BNP Paribas and Credit Agricole rising 1-2 percent after U.S. Treasury yields rose in response to upbeat U.S. GDP and ADP employment data. France's Bouygues has rallied after it swung to profit in the first-half and confirmed its 2017 outlook. UBS has moved marginally higher amid reports that the Swiss bank is considering relocating 250 investment bankers from London to Frankfurt or another major city in the European Union. Meanwhile, Carrefour shares have fallen sharply after the French retailer issued a profit warning for the second half of the year.  Pernod Ricard shares has also tumbled after the world's second largest wines & spirits company warned that a strong euro may weigh on its earnings from North America and Asia. In economic news, German retail sales increased at a slightly faster pace in July, while the jobless rate fell slightly, figures from Destatis showed. French consumer price inflation rose to a four-month high of 0.9 percent in August, in line with expectations, and up from 0.7 percent in July. THE LARGEST CANNANIS MARKETPLACE SOON TO LAUNCH - INVEST NOW HelloMD, the largest medical cannabis community and the most trusted brand in cannabis is soon to be come the largest marijuana product marketplace. Invest now and join the ride as they embark on their next phase. REG-CF Crowd Fund entry: NOW OVERSUBSCRIBED. REG-D entry for accredited investors: STILL OPEN. More Information here. Asia markets USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts Asian stocks reversed early gains to end mixed on Thursday as renewed tensions between Washington and North Korea as well as weak commodity prices on the back of a firmer dollar overshadowed upbeat data from the U.S. and China.  Geopolitical tensions returned to the fore after U.S. President Donald Trump declared "talking is not the answer" to the tense standoff with North Korea.  Chinese stocks ended slightly lower as investors paused for breath after a recent rally on the back of robust earnings from major Chinese companies.  The benchmark Shanghai Composite Index eased 2.63 points or 0.1 percent to 3,361.00, while Hong Kong's Hang Seng Index fell 124.31 points or 0.4 percent to 27,970.30.  Activity in China's manufacturing sector continued to expand in August, and at a faster rate, the latest survey from the National Bureau of Statistics showed today with a PMI score of 51.7. That beat forecasts for 51.3 and was up from 51.4 in July. However, the official non-manufacturing PMI came in with a score of 53.4, down from 54.5 in the previous month. Moody's Investors Service raised China's growth forecast, citing a stronger expansion in the first half of the year. The rating agency raised China's growth outlook for 2017 to 6.8 percent from 6.6 percent.  Japanese shares hit two-week highs as the yen weakened and U.S. Treasury yields rose in response to upbeat U.S. economic data, helping spur gains by exporters and financials.  The Nikkei 225 Index rose as high as 19,687.99 before finishing 0.7 percent higher at 19,646.24. The broader Topix Index closed 0.6 percent higher at 1,617.41.  Daiichi Sankyo shares jumped 5.3 percent before trading was suspended following reports that Britain's AstraZeneca offered to buy the Japanese drug maker last year. Fujifilm Holdings rose 2.3 percent after announcing a share buyback. Investors shrugged off weaker-than-expected Japanese industrial output data showing that production dropped into contraction in July. Australian shares rose sharply, led by gains by banks and mining stocks, which came under heavy selling pressure earlier this week.  The benchmark S&P/ASX 200 Index climbed 44.80 points or 0.8 percent to 5,714.50, while the broader All Ordinaries Index ended 42.50 points or 0.7 percent higher at 5,776.30.  The big four banks rose between 0.4 percent and 1.2 percent, and mining heavyweights BHP Billiton and Rio Tinto gained 1.6 percent and 1.7 percent, respectively.  Meanwhile, Beach Energy, Oil Search and Woodside Petroleum lost around 2 percent each after crude futures dropped 1 percent overnight to touch their lowest level since July on concerns about the fallout from Hurricane Harvey.  Specialty retailer Harvey Norman slumped 7.5 percent on reducing its final dividend. Online travel booking business Webjet jumped 5.5 percent after its annual profit more than doubled. Leaked tax return reveals secret to pocketing $460,164... Official tax return reveals how one trader nabbed annual gains of 228%, 309% and 339%. His tax return was released online, exposing this simple trading technique used to pocket nearly half a million in profits. Click here to see the official tax return before it is deleted... Currency and Commodities Markets Crude oil futures are inching up $0.13 to $46.09 a barrel after falling $0.48 to $45.96 a barrel on Wednesday. An ounce of gold is trading at $1,313.80, down $0.30 compared to the previous session’s close of $1,314.10. On Wednesday, gold slid $4.80. On the currency front, the U.S. dollar is trading at 110.51 yen compared to the 110.24 yen it fetched at the close of New York trading on Wednesday. Against the euro, the dollar is valued at $1.1847 compared to yesterday’s $1.1884. 7 Shocking Forecasts for 2017 There's no question that America is in trouble: Startling report reveals the terrifying truths that Washington doesn't want you to know & the actions to take NOW to protect your family through the chaos ... FREE     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 Thursday, 31 August 2017 09:59:16 Monitor Quote Charts News CFD's Compare Brokers Free BB   GlaxoSmithKline vs. AstraZeneca This report looks at the two largest UK pharmaceutical companies, both of which are at 2017 lows, and asks which is the better buy, if either has further to fall, which stock is right for you, and what are the city analysts saying? Losses can exceed deposits. Download your report 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 edge higher as China PMI lifts mining sector London stocks edged higher in early trade on Thursday, taking their cue from an upbeat session in the US, with sentiment underpinned by a better-than-expected reading on the Chinese manufacturing sector. At 0825 BST, the FTSE 100 was up 0.3% to 7,384.57, while the pound was down 0.3% versus the euro at 1.0849 and 0.1% against the dollar at 1.2917. China's official manufacturing purchasing managers' index for August printed at 51.7, up a touch from 51.4 in July and above expectations for a nudge down to 51.3. A reading above 50 indicates expansion. Analysts at Accendo Markets said: "This is some welcome good news from Asia following recent geopolitical woes, building on yesterday's solid US GDP/ADP prints, compounding risk appetite at the continued expense of safe havens." The data helped to boost the mining sector, which is heavily dependent on demand from China, with Antofagasta, Anglo American and Rio Tinto among the top risers. Elsewhere, Restaurant Group surged as the Frankie & Benny's and Garfunkel's owner held its dividend flat as, despite sales deteriorating as the first half of the year wore on, it reported early signs of improvement and broke back into the black. Many analysts had been expecting the company to warn on profits again. Building materials distributor Grafton added a few pennies after it said interim pre-tax profits rose 18% to £74.1m, but it warned that recent softer trends in the UK economy are likely to be sustained over the remainder of the year. Ladbrokes was on the gallop after it reported a strong start to the year and a 7% jump in first-half operating profit. Recruiter Hays pushed higher as it posted a rise in full-year profit and announced its first special dividend following a solid performance in Europe and a stabilisation in the UK. Serco was boosted by an upgrade from UBS, while Provident Financial slipped after Jefferies downgraded its stance on the sub-prime lender. Melrose Industries suffered heavy losses despite saying it returned to profit in the first half of the year, while British American Tobacco nudged lower after announcing a series of management changes. Redefine was also in the red after saying it has completed on the sale of the Sytner BMW showroom in High Wycombe for £26.1m to an unnamed UK pension fund. Ultra Electronics retreated after saying it has expanded its relationship with Jupitor Corporation of Japan to support the introduction of its latest technologies on major Japanese aerospace programmes, while Jimmy Choo slipped a touch despite reporting a 174% jump in first-half profit. G4S, Hammerson, St James's Place, Croda, Stagecoach, Auto Trader and Wood Group were all providing a drag as their stock went ex-dividend. There are no major UK data releases due on Thursday so market participants will be turning their attention to the US, where the PCE, jobless claims, pending home sales and the Chicago purchasing managers' index are all due ahead of Friday's non-farm payrolls report. There is also the last euro area inflation data before the European Central Bank's much anticipated meeting on 7 September. Don't leave your pension on autopilot. Take control of your retirement with The Share Centre’s low cost fixed fee Self-Invested Personal Pension today. Capital at risk Click here Market Movers FTSE 100 (UKX) 7,384.57 0.26% FTSE 250 (MCX) 19,652.20 0.18% techMARK (TASX) 3,389.80 0.13% FTSE 100 - Risers Antofagasta (ANTO) 1,036.00p 2.07% Mediclinic International (MDC) 754.50p 1.55% Anglo American (AAL) 1,381.50p 1.28% Rio Tinto (RIO) 3,725.00p 1.25% CRH (CRH) 2,698.00p 1.12% Smurfit Kappa Group (SKG) 2,339.00p 1.12% easyJet (EZJ) 1,194.00p 1.02% Centrica (CNA) 197.30p 0.92% Glencore (GLEN) 359.95p 0.91% BHP Billiton (BLT) 1,467.00p 0.86% FTSE 100 - Fallers G4S (GFS) 285.10p -2.66% Hammerson (HMSO) 555.00p -1.77% Provident Financial (PFG) 881.00p -1.23% Standard Life Aberdeen (SLA) 424.50p -1.23% St James's Place (STJ) 1,156.00p -1.20% Tesco (TSCO) 180.30p -1.15% Royal Mail (RMG) 386.70p -0.97% Croda International (CRDA) 3,832.00p -0.70% Randgold Resources Ltd. (RRS) 7,865.00p -0.51% Land Securities Group (LAND) 996.00p -0.35% FTSE 250 - Risers Restaurant Group (RTN) 339.00p 6.57% Serco Group (SRP) 115.20p 6.08% Kaz Minerals (KAZ) 848.00p 2.91% Grafton Group Units (GFTU) 796.00p 2.38% Evraz (EVR) 321.50p 1.90% Acacia Mining (ACA) 208.30p 1.81% FDM Group (Holdings) (FDM) 926.00p 1.76% Millennium & Copthorne Hotels (MLC) 458.60p 1.73% Dixons Carphone (DC.) 178.60p 1.65% TP ICAP (TCAP) 471.60p 1.53% FTSE 250 - Fallers Stagecoach Group (SGC) 165.10p -4.18% Melrose Industries (MRO) 223.60p -2.49% Auto Trader Group (AUTO) 343.40p -1.89% Wood Group (John) (WG.) 557.50p -1.68% Elementis (ELM) 271.30p -1.24% Workspace Group (WKP) 865.50p -1.20% Ultra Electronics Holdings (ULE) 1,843.00p -1.18% Sanne Group (SNN) 750.50p -1.12% Petrofac Ltd. (PFC) 409.10p -1.06% Access high growth investment opportunities in the cannabis sector Top industry speakers, WORKSHOPS & EXHIBITORS Last few tickets left and SELLING OUT FAST PS. Use your 10% DISCOUNT CODE “IHUB10” Book Now! UK Event Calendar Thursday August 31 INTERIMS Alfa Financial Software Holdings , Arrow Global Group, BBGI SICAV S.A. (DI), Chesnara, Churchill China, Eddie Stobart Logistics , Exova Group , Grafton Group Units, Jimmy Choo , Ladbrokes Coral Group, Restaurant Group, Satellite Solutions Worldwide Group, STV Group, Total Produce INTERIM DIVIDEND PAYMENT DATE Impact Healthcare Reit , International Biotech Trust, Polar Capital Global Financials Trust INTERIM EX-DIVIDEND DATE Aberdeen Emerging Markets Investment Company, Arbuthnot Banking Group, Ascential, British Smaller Companies VCT 2, Centamin (DI), Chemring Group, Croda International, esure Group, Foxtons Group , G4S, Global Ports Holding, Globaldata, Hammerson, Hochschild Mining, Hostelworld Group , Impellam Group, JPMorgan American Inv Trust, Juridica Investments Ltd., Kingspan Group, LPA Group, Mincon Group , National Express Group, Northern Electricity Prf, Rights & Issues Inv Trust Income Shares, Robert Walters, Robinson, Secure Trust Bank, St James's Place, Stock Spirits Group , Ultra Electronics Holdings, Wood Group (John) QUARTERLY PAYMENT DATE City of London Inv Trust, Custodian Reit , Picton Property Income Ltd QUARTERLY EX-DIVIDEND DATE Aberdeen Diversified Income and Growth Trust , Alpha Real Trust Ltd., Premier Energy & Water Trust, Real Estate Credit Investments Ltd INTERNATIONAL ECONOMIC ANNOUNCEMENTS Chicago PMI (US) (14:45) Continuing Claims (US) (13:30) Initial Jobless Claims (US) (13:30) Pending Homes Sales (US) (15:00) Personal Consumption Expenditures (US) (13:30) Personal Income (US) (13:30) Personal Spending (US) (13:30) Unemployment Rate (EU) (10:00) Q2 Alfa Financial Software Holdings FINALS Hays SPECIAL DIVIDEND PAYMENT DATE Income & Growth VCT SPECIAL EX-DIVIDEND DATE Cambian Group, esure Group EGMS Andalas Energy and Power, Globalworth Real Estate Investments Limited AGMS FIH Group , Highlands Natural Resources, IG Design Group, Oryx International Growth Fund Ltd., Simian Global, Victoria UK ECONOMIC ANNOUNCEMENTS GFK Consumer Confidence (00:01) FINAL EX-DIVIDEND DATE Accrol Group Holdings, Auto Trader Group , Circle Property , Downing Four VCT DP67 , Downing Four VCT DSO 'D' Shs, FIH Group , First Property Group, NCC Group, Solid State, Stagecoach Group, Walker Crips Group, Xafinity Market Analysis 31/08/2017 Today’s highlights: USD volatility expected Wall Street closes higher: The Dow Jones, S&P 500 and NASDAQ all finished in the green yesterday. Netflix rose more than 3% and Apple hit an all-time intraday high, before reverting to slight losses. Asia seen mixed: Indices were going in different directions in the East. While the Nikkei was showing gains this morning, the China50 index registered losses. Read More... US Market Report US close: Stocks finish higher after solid economic data Stocks in the US finished higher on Wednesday after better-than-expected readings on the jobs market and the broader economy, as shares of Apple traded at record highs. The Dow Jones Industrial Average finished up 0.12% at 21,892.43, while the S&P 500 was ahead 0.46% at 2,457.59 and the Nasdaq 100 added 1.21% to 5,932.90. "Relief returned to markets on Wednesday after two-days of concern over North Korean missile threats and the huge damage inflicted on Texas by tropical storm Harvey," was LCG analyst Jasper Lawler's take on the situation. On the macroeconomic side of things, hiring in the US kept up a steady pace in August, increasing by 237,000 according to payroll specialist ADP's monthly tally, easily outpacing forecasts for a rise of 185,000. Job creation was especially heavy among online retailers and distributors, according to Moody's Analytics chief economist, Mark Zandy. Shortly afterwards, the Commerce Department published revised second quarter data showing that gross domestic product expanded at an annualised pace of 3.0% over the three months to June, up from an advanced estimate of 2.6%. Year-on-year, GDP was ahead by 2.2%. On the Federal Reserve front, in a speech at the Large Bank Directors Conference in Chicago, Illinois, Governor Jerome Powell opted not to make any remarks on monetary policy. Meanwhile, in corporate news, Apple was in the spotlight - and trading at fresh record highs - amid investor anticipation ahead of the expected launch of a new iPhone model in September. Its stock finished ahead 0.27% at $165.35. In parallel, United Technologies was reportedly on the hunt for a greater than $20bn tie-up with aircraft equipment manufacturer Rockwell Collins - it ended up 0.76%. On a down note, stock in Barnes & Noble cratered 5.23% after the publisher posted a fiscal first quarter loss of 75 cents, dwarfing analysts' estimates for 55 cents of red ink. In tandem, shares of H&R Block were sharply lower, falling 8.28% after the company reported a wider-than-expected quarterly loss late on Tuesday. Elsewhere, alcohol company Brown-Forman reported earnings per share for the first three months of its fiscal year of 46 cents, ahead of the 39 cents expected on the Street. At $732m, revenues also topped analysts' estimates, and shares ended the session ahead 3.79%. Dow Jones - Risers Cisco Systems Inc. (CSCO) $31.99 1.62% Caterpillar Inc. (CAT) $117.55 1.33% Microsoft Corp. (MSFT) $74.01 1.31% E.I. du Pont de Nemours and Co. (DD) $83.19 1.16% Goldman Sachs Group Inc. (GS) $222.42 1.12% United Technologies Corp. (UTX) $119.60 0.76% Intel Corp. (INTC) $34.89 0.46% 3M Co. (MMM) $203.64 0.38% American Express Co. (AXP) $85.69 0.32% Walt Disney Co. (DIS) $102.87 0.29% Dow Jones - Fallers Travelers Company Inc. (TRV) $121.81 -0.98% Johnson & Johnson (JNJ) $131.07 -0.86% Verizon Communications Inc. (VZ) $48.12 -0.80% General Electric Co. (GE) $24.26 -0.65% Procter & Gamble Co. (PG) $91.87 -0.49% Exxon Mobil Corp. (XOM) $76.08 -0.46% Unitedhealth Group Inc. (UNH) $195.84 -0.43% International Business Machines Corp. (IBM) $142.55 -0.41% Nike Inc. (NKE) $52.56 -0.32% Wal-Mart Stores Inc. (WMT) $78.54 -0.29% S&P 500 - Risers Gilead Sciences Inc. (GILD) $81.23 7.25% Martin Marietta Mtrl (MLM) $213.80 5.41% Analog Devices Inc. (ADI) $83.72 5.24% Vulcan Materials Co. (VMC) $121.86 4.60% AutoNation Inc. (AN) $43.51 4.09% Carmax Inc. (KMX) $65.99 3.82% Brown Forman Corp. Class B (BF.B) $53.14 3.79% Qorvo, Inc. (QRVO) $73.12 3.78% United Rentals Inc. (URI) $119.19 3.70% Netflix Inc. (NFLX) $174.69 3.48% S&P 500 - Fallers H&R Block Inc. (HRB) $26.80 -8.28% Freeport-McMoRan Inc (FCX) $14.56 -4.27% Southwestern Energy Co. (SWN) $5.30 -2.57% Tenet Healthcare Corp. (THC) $17.23 -2.33% Urban Outfitters Inc. (URBN) $20.29 -2.31% Progressive Corp. (PGR) $46.56 -2.23% Endo International Plc (ENDP) $8.55 -1.95% Navient Corporation (NAVI) $13.28 -1.78% Dominion Energy Inc. (D) $78.82 -1.77% Transocean Ltd. (RIG) $8.10 -1.58% Nasdaq 100 - Risers Incyte Corp. (INCY) $138.27 10.64% Gilead Sciences Inc. (GILD) $81.23 7.25% Biomarin Pharmaceutical Inc. (BMRN) $87.62 5.63% Analog Devices Inc. (ADI) $83.72 5.24% NetEase Inc. Ads (NTES) $275.57 3.93% Netflix Inc. (NFLX) $174.69 3.48% Activision Blizzard Inc. (ATVI) $65.68 3.47% Biogen Inc (BIIB) $303.61 3.46% Marriott International - Class A (MAR) $103.64 3.40% Applied Materials Inc. (AMAT) $45.47 3.29% Nasdaq 100 - Fallers Discovery Communications Inc. Class C (DISCK) $20.85 -1.56% Discovery Communications Inc. Class A (DISCA) $22.19 -1.16% Dish Network Corp. (DISH) $57.20 -0.99% Mondelez International Inc. (MDLZ) $41.63 -0.62% American Airlines Group (AAL) $44.32 -0.54% Viacom Inc. Class B (VIAB) $29.13 -0.51% Ross Stores Inc. (ROST) $58.43 -0.44% Expedia Inc. (EXPE) $143.44 -0.38% J.B. Hunt Transport Services Inc. (JBHT) $99.78 -0.28% Barclays Vs Lloyds - Which is a better Buy? Barclays and Lloyds are two of the UK’s most popular stocks. But which is the better buy? In this Complimentary Guide we explain in plain English what’s really going on at these key British Banks. Find out: Are Lloyds shares set to rocket? Why Barclays has a ‘secret weapon’ that could unlock serious value How do they compare in value and safety? What you’re about to find out may surprise you… Click here for your Complimentary Guide Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 PFG Provident Financial plc 10.14 2 DC. Dixons Carphone plc 3.13 3 WPP WPP plc 1.79 4 CLLN Carillion plc 1.68 5 IQE IQE plc 1.64 6 GLEN Glencore plc 1.38 7 LLOY Lloyds Banking Group plc 1.29 8 SMT Scottish Mortgage Investment Trust 1.19 9 UKOG UK Oil & Gas Investments plc 1.15 10 SXX Sirius Minerals plc 1.07 Number of Deals Sold Place EPIC Equity name % 1 PFG Provident Financial plc 7.91 2 LLOY Lloyds Banking Group plc 1.94 3 GLEN Glencore plc 1.73 4 PURP PurpleBricks Group plc 1.58 5 CLLN Carillion plc 1.24 6 TSCO Tesco plc 1.23 7 DC. Dixons Carphone plc 1.17 8 SXX Sirius Minerals plc 1.05 9 IQE IQE plc 0.92 10 UKOG UK Oil & Gas Investments plc 0.91 Newspaper Round Up Thursday newspaper round-up: Brexit impasse, energy cap, house prices, BP The UK has told EU negotiators their sums on the Brexit bill do not add up, as talks on Britain's separation from the bloc hit deadlock. Tensions boiled over in Brussels as the EU accused Britain of failing to reveal its hand on the financial settlement. - Guardian ..EU Brexit negotiators were left "flabbergasted" after their British counterparts launched a legal deconstruction of the so-called "Brexit bill" Wednesday as the Brussels talks headed for an increasingly acrimonious impasse, EU sources have revealed. British negotiators spent three hours launching a painstaking, line-by-line rebuttal of the EU's demands for €100bn divorce settlement to the barely concealed fury of EU negotiators. - Telegraph An energy price cap for two million of the most vulnerable households will be fast-tracked into place by January, under Ofgem plans to be unveiled within weeks. The industry regulator has told companies that it will press ahead with the idea and may also extend the cap to cover hundreds of thousands more households as it battles criticism that it is failing to protect customers. - The Times UK house prices could be 20 per cent lower by 2030 once adjusted for inflation, according to analysts at Nomura. George Buckley, an economist at the bank, said that although prices have risen rapidly mortgage payments have dropped, meaning that affordability in the housing market has remained in line with the long-term average. - The Times Total and BP suffered a fresh setback in their efforts to drill for oil near the mouth of the Amazon river after Brazilian regulators rejected their latest environmental assessment. The oil companies were awarded exploration rights in 2013 to drill in the Foz do Amazonas basin off Brazil, which could contain up to 14 billion barrels of oil. - The Times Representatives of small companies affected by Royal Bank of Scotland's restructuring unit have demanded that the Financial Conduct Authority publishes a report into the scandal. The SME Alliance has written to Andrew Bailey, the FCA's chief executive, claiming that victims of the bank's Global Restructuring Group (GRG) are being denied justice because of the "secrecy" attached to a report commissioned by the regulator more than three and a half years ago. - The Times The tax authorities are chasing large businesses for £24.8 billion of potential underpayments, £3 billion more than last year, as they step up efforts to close loopholes and stamp out avoidance. Investigations by the large business directorate at HM Revenue & Customs (HRMC) have identified the sum as tax that might be recovered from previous years. Similar work has brought in £53 billion that would have otherwise gone unpaid since 2010, HMRC said. - The Times Syndicates of Lloyd's of London insurance market have filed a countersuit to Kanye West's claim that he was owed $10m after canceling his tour last year, saying it found "substantial irregularities" in the rapper's medical history. The counterclaim was filed in federal court in Los Angeles on Tuesday and said West's Very Good Touring Inc had failed to cooperate in the insurance company's investigation into the claim for cancelled concerts, according to the court documents. - Guardian A former Obama administration official says he believes the Trump administration has given Australia tacit approval to move ahead with the Trans-Pacific Partnership, despite the president disavowing and dumping the agreement as one of his first acts in office. Matthew Goodman, who served as White House coordinator for Asia-Pacific Economic Cooperation (Apec) and the East Asia Summit in the previous administration, told Guardian Australia he believed the Trump administration had given Australia licence to "just keep the seat warm for the United States". - Guardian The online gambling sector is hoping to develop an industry-wide framework to help companies identify potential problem gamblers and, crucially, look at ways to intervene before their wagering gets out of control. The move comes after research commissioned by the charity Gamble Aware and carried out by PwC showed data that gambling companies already have can help them identify potential problem gamblers before they develop a serious issue. - Telegraph A British man accused of being behind cyberattacks on Lloyds Bank and Barclays earlier this year has been extradited from Germany to face charges in the UK. Daniel Kaye has been accused of launching attacks on both Lloyds and Barclays banking services, and of blackmailing both of the high street banks. - Telegraph The new boss of Uber has told staff that the company should go public in the next 18 to 36 months. Dara Khosrowshahi, the incoming chief executive, was addressing staff for the first time since his appointment this weekend at the company's headquarters in San Francisco. - The Times Nanomachines which can drill into cancer cells, killing them in just 60 seconds, have been developed by scientists. The tiny spinning molecules are driven by light, and spin so quickly that they can burrow their way through cell linings when activated. In one test conducted at Durham University the nanomachines took between one and three minutes to break through the outer membrane of prostate cancer cell, killing it instantly. -Telegraph US regulators approved the first cancer drug that uses a patient's own cells to fight cancer. But the drug is priced at $475,000. Oncologists described the drug, made by Novartis and marketed as Kymriah, as revolutionary, but critics worried the first-of-its-kind cancer treatment could usher in a new class of ultra-expensive medications. - Guardian   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