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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: Stocks flat ahead of Jackson Hole amid geopolitical nerves London stocks ended on a mixed note at the start of the week as investors remained cautious amid geopolitical tensions.
The FTSE 100 was marginally lower, slipping 0.07% or 5.10 points to close at 7,318.88, while the pound was up 0.2% versus the dollar at 1.2900.
In parallel, the second-tier index finished the session up by 0.10% or 20.44 points to 19,646.90.
Investors put their concerns about North Korea to one side last week following events in Washington and terrorist attacks in Spain, but with US and South Korea holding military exercises this week, renewed jitters were expected to set in.
IG analyst David Madden said: "Tensions between the US and North Korea are still simmering away in the background. The two nations are locked in a stalemate, and this week we will see the US and South Korea engage in their 10-day military exercises. The annual exercise always angers the North Korean regime, this time the stakes are higher given the current environment."
Market participants were also keeping an eye on developments across the pond after US President Trump fired divisive chief strategist Steve Bannon on Friday and ahead of the US Federal Reserve's annual symposium at Jackson Hole, which kicks off on Thursday.
Back in the UK, Rightmove said overnight that house prices fell 0.9% in August, marking their biggest month-on-month decline of the year. On an annual basis, prices ticked up 3.1% from a 2.8% increase the month before. Meanwhile, the average house price fell to £313,663 from £317,421 in July.
In corporate news, Rathbone Brothers's confirmation that it was in exclusive merger talks with stockbroker Smith & Williamson failed to give the stock a boost, while TBC Bank was in the black after posting a rise in interim profit.
Hikma Pharmaceuticals was boosted by an upgrade to 'hold' from 'underperform' at Jefferies.
On the downside, Provident Financial was the biggest faller on the FTSE following an article in the Sunday Times suggesting that some of the city's most powerful hedge funds have built up significant short positions in the subprime lender amid speculation it is set to issue another profit warning and cut its dividend.
Real estate investment trust Shaftesbury finished flat after saying it has entered into a contract with PMB Holdings to acquire a long-leasehold interest in 90-104 Berwick Street, London W1, at £38.5m, while British Land lost ground as HSBC cut the stock to 'hold' from 'buy'. |
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| Market Movers
FTSE 100 (UKX) 7,318.88 -0.07%
FTSE 250 (MCX) 19,646.90 0.10%
techMARK (TASX) 3,356.17 -0.36%
FTSE 100 - Risers
Micro Focus International (MCRO) 2,243.00p 3.17%
Pearson (PSON) 619.00p 2.31%
Persimmon (PSN) 2,559.00p 1.51%
Admiral Group (ADM) 1,990.00p 1.27%
BHP Billiton (BLT) 1,367.50p 1.22%
Anglo American (AAL) 1,295.00p 1.17%
Antofagasta (ANTO) 954.50p 1.17%
Taylor Wimpey (TW.) 195.00p 1.14%
Lloyds Banking Group (LLOY) 64.57p 1.03%
Imperial Brands (IMB) 3,197.50p 0.88%
FTSE 100 - Fallers
Provident Financial (PFG) 1,742.00p -5.94%
Shire Plc (SHP) 3,613.00p -4.02%
St James's Place (STJ) 1,172.00p -1.43%
Barclays (BARC) 193.25p -1.23%
Hargreaves Lansdown (HL.) 1,324.00p -1.19%
Fresnillo (FRES) 1,515.00p -1.17%
Royal Bank of Scotland Group (RBS) 254.80p -1.05%
Centrica (CNA) 199.50p -1.04%
Legal & General Group (LGEN) 264.30p -0.94%
British Land Company (BLND) 605.50p -0.90%
FTSE 250 - Risers
Hikma Pharmaceuticals (HIK) 1,172.00p 4.74%
Millennium & Copthorne Hotels (MLC) 464.90p 4.07%
Fisher (James) & Sons (FSJ) 1,512.00p 3.77%
Petrofac Ltd. (PFC) 432.20p 3.52%
Tullow Oil (TLW) 157.20p 3.22%
TBC Bank Group (TBCG) 1,600.00p 2.56%
Just Group (JUST) 152.60p 2.42%
NMC Health (NMC) 2,385.00p 2.36%
Sanne Group (SNN) 745.50p 2.26%
Kaz Minerals (KAZ) 731.50p 2.16%
FTSE 250 - Fallers
Hochschild Mining (HOC) 262.80p -2.52%
Pets at Home Group (PETS) 183.70p -2.49%
Carillion (CLLN) 49.58p -2.02%
Mitie Group (MTO) 266.40p -1.99%
Virgin Money Holdings (UK) (VM.) 268.00p -1.80%
IP Group (IPO) 132.00p -1.79%
Cineworld Group (CINE) 682.00p -1.66%
Balfour Beatty (BBY) 269.10p -1.61%
Vectura Group (VEC) 108.50p -1.54% |
| | Market Analysis 16/08/2017 Today's highlights: Mixed trend seen in global markets - Wall Street closes nearly flat: Both the S&P 500 and Dow Jones closed rather close to their opening prices, each moving less than 0.05%. The Nasdaq closed slightly lower, losing 0.11%
- More trouble for Trump: After a press conference described as Â'erraticÂ' regarding the events in Charlottesville, two more CEOs resigned from the US PresidentÂ's Manufacturing Council.
Read More... |
| | US Market Report | | US open: Stocks flat ahead of Trump speech on Afghanistan Wall Street was trading in mixed fashion ahead of a speech from the US president on Monday evening in which he was expected to outline his new strategy for the war in Afghanistan.
As of 1628 BST, the Dow Jones Industrials was 0.04% or 7.82 points higher to 21,681.32, alongside a gain of 0.09% or 2.12 points for the S & P 500 while the Nasdaq Composite was drifting 0.07% or 4.24 points lower to 6,212.55.
From a sector standpoint, the best performance was to be seen in the following industrial groups: Aluminum (1.59%), Gold Mining (1.54%) and Mining (1.46%).
On Friday, stocks got a brief boost from news that US President Trump had fired divisive chief strategist Steve Bannon, but the main indices ended in the red.
Spreadex analyst Connor Campbell said: "There are, at least, some macro-issues for the Dow et al. to focus on this Monday. Firstly there is the military exercises set to be performed by the US and South Korea, something that be only inflame the latter's northern sibling.
"Then there's America's domestic chaos. The departure of Steve Bannon last Friday gave a slight lift to the markets; however, the constant turmoil of the Trump presidency, epitomised by its laughable turnover of key personal, seriously endangers the tax and infrastructure plans that had been such nectar to the markets earlier in the year. In other words, any more developments may impact the Dow and dollar."
Investors put their concerns about North Korea to one side last week following events in Washington and terrorist attacks in Spain, but with US and South Korea holding military exercises this week, renewed jitters were expected to set in.
Investors were also wary ahead of the US Federal Reserve's annual symposium at Jackson Hole, which kicks off on Thursday.
In corporate news, Sempra Energy was in focus after agreeing to buy Energy Future, the indirect owner of 80% of Texas utility Oncor, beating off Warren Buffett's Berkshire Hathaway.
Elsewhere, US-listed shares in Fiat Chrysler were higher following reports that China's Great Wall Motor Co is interested in buying the company. |
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| | Broker Tips | | Europe close: Stocks down on euro gains, geopolitical angst Stocks finished the day lower amid aggressive rhetoric out of North Korea as the US and South Korean militaries kicked-off their annual 10-day joint exercises and a bounce in the single currency's value.
Acting as a backdrop, traders were waiting on an upcoming gathering of central bankers from around the world at the Federal Reserve bank of Kansas City's Jackson Hole symposium at the end of the week.
As of the close, the benchmark Stoxx 600 was 0.40% or 1.48 points lower to 372.72, alongside a 0.82% or 99.20 point drop in the Dax 30 to 12,065.99 and a 0.52% or 26.56 point fall in the Cac-40 to 5,087.59.
In parallel, euro/dollar was higher by 0.47% to 1.1814 while front month Brent crude oil futures were 1.84% lower to $51.77 a barrel on the ICE.
At the weekend, Pyongyang said the joint Ulchi-Freedom Guardian excercises were "reckless behaviour driving the situation into the uncontrollable phase of a nuclear war."
To take note of, the prior two editions had led to provocative acts from the North, be it in the form of test-firing missiles or even small incursions into South Korean territory.
"The manoeuvres have prompted a hostile reaction from Seoul's neighbours to the North, claiming that a 'merciful strike' will be unleashed upon the US territories of Guam and Hawaii," said Henry Croft, research analyst at Accendo Markets.
To take note of, according to the Journal, European Central Bank chief Mario Draghi would use his appearance at the Federal Reserve bank of Kansas City's central banking symposium at the end of the week to set out the case for ending quantitative easing.
That report was at odds with a source-based report Reuters from 16 August according to which Draghi was not intending to provide a fresh steer on policy at Jackson Hole.
Nevertheless, markets and analysts were keen for a better insight into top central bankers' thinking at the current juncture.
On the economic calendar for Monday were the results of the Belgian central bank's consumer confidence suvery for August at 1500 BST.
It's an M & A Monday
China's HNA Group purchased a 16.2% stake in Swiss airport retailer Dufry AG from Singapore's sovereign wealth funds GIC and Temasek but no deal value was announced.
The transaction boosted HNA's stake in the Swiss outfit to 20.92%.
Meawnhile, Russia's Rosneft and a consortium formed by Trafigura and United Capital Partners each picked up a 49% stake in Essar Oil for $12.9bn.
In other M & A news, AP Moeller Maersk sold its oil and gas unit to French oil major Total for $7.45bn. |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
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