| | | | | | | 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 jump on US optimism, weaker pound Shares finished the session higher, after a report stoked optimism that the White House might be making headway in its tax reform efforts and helped along by well-received results from the likes of Persimmon and BHP Billiton, although subprime lender Provident Financial nosedived after another profit warning.
At the closing bell, the FTSE 100 was ahead by 0.86% or 62.86 points at 7,381.74, while the pound was down 0.51% against the dollar at 1.2833 despite a surprise surplus in UK public borrowing in July.
In parallel, the second-tier index was gaining 0.53% or 104.30 points to 19,751.20.
"One day down, one day up, and so on. This is the theme of August, with markets unable so far to establish a direction and stick with it. After losses yesterday the buyers have come back in, with fresh hope of moves on US tax reform apparently providing the catalyst for gains. Warm words from Senate leader McConnell on the debt ceiling are also helping to boost confidence," said IG's chief market analyst, Chris Beauchamp.
According to Politico, which cited five sources familiar with the talks between top members of the Trump administration and several key Republican Congressmen, a broad consensus had been reached on the best way to go about cutting both the individual and corporate tax rates.
Back in the UK, public sector borrowing produced a first July surplus in 15 years thanks to a one-off jump in self-assessment tax receipts.
Public sector net borrowing excluding government stakes in banking groups moved to a £0.18bn surplus compared to a deficit of £0.31bn in July last year and a consensus forecast for a £1.0bn deficit. This follows a deficit the previous month that was revised to £6.2bn deficit from a previously reported £6.9bn.
Elsewhere, the Confederation of British Industry's monthly industrial order book balance rose to +13 in August from +10 the month before, beating expectations for a reading of +8.
In corporate news, shares in FTSE 100 subprime lender Provident Financial tumbled 66% as it issued its second profit warning in two months and announced the resignation of its chief executive and the withdrawal of its dividend as the rate of progress in the turnaround of the home credit business has been "too weak".
UK supermarkets were also in focus as the latest data from Kantar Worldpanel revealed the big four enjoying their strongest run in four years and that discounter Lidl stepped up to become the seventh largest grocer in the country. Tesco was the standout gainer on the FTSE as it came out way ahead in terms of market share at 27.8%, although this was down a touch from 28.1% a year ago.
Meanwhile, Morrisons was higher as it grew sales by 2.6% but saw its share drop to 10.4% from 10.5 and Sainsbury's slipped as it saw a 2% sales boost but its share shrank to 13.1% from 15.7%.
Wood Group pushed lower following weaker-than-expected first-half earnings.
Nevertheless, there were a number of bright spots on the corporate front helping to propel the blue chip benchmark higher.
Housebuilder Persimmon gained ground after it reported a 30% improvement in its profit before tax in the six months to 30 June on Tuesday, to £457.4m.
BHP Billiton rallied as it said it swung back to a profit for the full year and upped its final dividend, while Antofagasta advanced after posting a jump in earnings for the first half as revenues rose amid higher copper prices.
Cairn Energy edged higher after giving an updated estimate on its oil resources, while Petrofac reversed earlier losses to trade up after announcing the sale of its 50% stake in the Panuco oil field in Mexico to Schlumberger. |
| | How to profit from Range Trading | | This report provides a guide on how to outwit the professionals by trading stocks in ranges, as well as analysing BP, Randgold, Tesco and BHP Billiton - four of the most attractive FTSE 100 stocks that range-trading right now. Losses can exceed deposits. Download your report here |
| Market Movers
FTSE 100 (UKX) 7,381.74 0.86%
FTSE 250 (MCX) 19,751.20 0.53%
techMARK (TASX) 3,385.91 0.89%
FTSE 100 - Risers
Tesco (TSCO) 184.20p 4.10%
Shire Plc (SHP) 3,725.00p 3.10%
Rio Tinto (RIO) 3,539.50p 2.43%
Micro Focus International (MCRO) 2,291.00p 2.14%
Glencore (GLEN) 348.60p 2.14%
WPP (WPP) 1,594.00p 2.11%
BHP Billiton (BLT) 1,394.50p 2.09%
Smiths Group (SMIN) 1,577.00p 2.07%
Antofagasta (ANTO) 973.50p 1.99%
Smith & Nephew (SN.) 1,386.00p 1.91%
FTSE 100 - Fallers
Provident Financial (PFG) 589.50p -66.22%
Admiral Group (ADM) 1,970.00p -1.10%
ITV (ITV) 165.70p -0.72%
G4S (GFS) 294.50p -0.47%
Royal Bank of Scotland Group (RBS) 254.00p -0.47%
International Consolidated Airlines Group SA (CDI) (IAG) 614.50p -0.32%
InterContinental Hotels Group (IHG) 3,903.00p -0.23%
Hammerson (HMSO) 565.00p -0.18%
British American Tobacco (BATS) 4,773.00p -0.08%
Direct Line Insurance Group (DLG) 385.10p -0.08%
FTSE 250 - Risers
Kaz Minerals (KAZ) 784.00p 7.18%
Marshalls (MSLH) 423.20p 4.70%
Evraz (EVR) 271.00p 3.91%
Balfour Beatty (BBY) 279.00p 3.68%
Cairn Energy (CNE) 180.20p 3.62%
Indivior (INDV) 419.50p 3.05%
Booker Group (BOK) 201.40p 3.02%
Ferrexpo (FXPO) 286.70p 2.87%
Polar Capital Technology Trust (PCT) 1,057.00p 2.82%
Sophos Group (SOPH) 498.90p 2.59%
FTSE 250 - Fallers
AA (AA.) 174.10p -6.15%
Carillion (CLLN) 47.56p -4.02%
IP Group (IPO) 128.00p -3.91%
Virgin Money Holdings (UK) (VM.) 258.20p -3.66%
Rank Group (RNK) 227.00p -2.87%
TBC Bank Group (TBCG) 1,558.00p -2.63%
Syncona Limited NPV (SYNC) 158.70p -2.46%
Sports Direct International (SPD) 397.00p -2.39%
Stagecoach Group (SGC) 174.60p -2.29%
OneSavings Bank (OSB) 386.00p -2.28% |
| | Market Analysis 22/08/2017 Today’s highlights: Markets display upward trend - Slight gains on Wall Street skip tech sector: After two straight losing weeks, both the Dow Jones and the S&P 500 opened the trading week in gains. However, the tech sector was sluggish yesterday, causing the Nasdaq to finish the day in the red.
- Asia seen higher: Markets in the East followed Wall Street’s lead and registered gains this morning. Both Japan’s Nikkei and the China50 index were seen higher this morning.
Read More... |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe close: Stocks jump on positive news from the States Stocks recouped their losses from the previous day on the back of positive newsflow around the White House's tax reform efforts, alongside a dip in the single currency's value as investors bide their time ahead of the start of the US central bank's annual Jackson Hole symposium on Thursday.
At the closing bell, the benchmark Stoxx 600 was 0.83% or 3.08 points higher to 375.80, alongside a rise of 1.35% or 163.35 points to 12,229.34 for the German Dax and a 0.87% or 44.27 point advance in the Cac-40 to 5,131.66.
In tandem, euro/dollar was 0.42% lower at 1.1763, in part following the release of a weaker-than-expected reading on German economic confidence.
Nevertheless, geopolitics were not far from traders' minds.
"Stock markets in Europe have pushed higher today as traders decide to take on more risk. While the situation regarding North Korea hasn't changed in either direction, investors are using the lull to pick up relatively cheap stocks. The stalemate between the two countries continues but there are no new developments, and this has brought about buying opportunities," said David Madden at CMC Markets UK.
On a more auspicious note, Politico reported progress had been made by top Republicans on thrashing out the broad contours of a viable reform of the US tax system with the aim of giving the economy a shot in the arm.
But not everyone was buying into the cheer, Ray Dalio, the billionaire founder of the world's largest hedge fund, Bridgewater Associates, said he was "tactically reducing" risk due to his concerns about the administration's ability to navigate internal and external conflicts.
"It seems to me that we are now economically and socially divided and burdened in ways that are broadly analogous to 1937. During such times conflicts (both internal and external) increase, populism emerges, democracies are threatened and wars can occur. I can't say how bad this time around will get. I'm watching how conflict is being handled as a guide, and I'm not encouraged," Dalio wrote in a post to his LinkedIn account.
Meanwhile, the ZEW institute reported that its economic confidence index for German slipped by 7.5 points in August to a reading of 10.0, falling short of market forecasts for a reading of 15.0.
Experts' outlook for the German economy soured in August amid a weaker than-expected export performance by the country and a widening scandal in the automobile sector, ZEW said in a statement.
Meanwhile, an index of consumer confidence in the Netherlands ticked higher in August, rising from 25 points to 26, according to the country's Central Bureau of Statistics.
In corporte news, Fabio Cerchiai, Atlantia's chief executive, defended his company's bid for Spain's Abertis, adding that the tollroad operator's shares would continue to be listed on the Madrid exchange if his company's buyout offer went forward. |
| | 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 |
| | US Market Report | | US open: Stocks snap higher on tax reform optimism Wall Street was bouncing back in early trading, goaded by reports of progress on tax reform on Capitol Hill.
At 1600 BST, the Dow Jones Industrial Average was 0.57% or 123.83 points higher to 21,829.15, alongside a 1.01% or 62.85 point advance for the Nasdaq Composite and a gain of 0.64% or 15.61 points in S&P 500.
"One day down, one day up, and so on. This is the theme of August, with markets unable so far to establish a direction and stick with it. After losses yesterday the buyers have come back in, with fresh hope of moves on US tax reform apparently providing the catalyst for gains. Warm words from Senate leader McConnell on the debt ceiling are also helping to boost confidence," said IG's chief market analyst, Chris Beauchamp.
From a sector standpoint, the best performing areas of the market were: Non-ferrous metals (4.10%), Aluminum (3.27%), Toys (2.37%) and Industrial metals (1.96%).
Defence stocks also found following a speech overnight in which President Trump committed the use to not leaving a security vacuum in Afghanistan which might benefit the Taliban. Against that backdrop, the SPDR S&P Aerospace & Defense ETF was up by 0.88% to $73.91.
Yet the spotlight on Tuesday was on US Republicans' efforts at tax reform after a source-based report from Politico pointed at progress on that legislative front.
According to Politico, which cited five sources familiar with the talks between top members of the Trump administration and several key Republican Congressmen, a broad consensus had been reached on the best way to go about cutting both the individual and corporate tax rates.
In currency markets, the spot US dollar index was up 0.4% to 93.44 with the yield on the benchmark US two basis points higher at 2.20%.
Meanwhile, oil prices were a little firmer ahead of the API weekly oil stock data at 2130 BST. West Texas Intermediate was up 0.32% to $47.68 a barrel.
In corporate news, shares of Tenet Heathcare were sharply lower following the exit of two members of its board who represented its main institutional shareholder, Glenview Capital Management.
Medtronic was also a drag after the medical equipment manufacturer posted worse than expected second quarter sales of $7.39bn.
Going the other way, discount shoe retailer DSW Inc. snapped higher after reporting its first gain in same store sales since 2015.
Dow Jones - Risers
Caterpillar Inc. (CAT) $115.39 1.58%
Apple Inc. (AAPL) $159.21 1.27%
Cisco Systems Inc. (CSCO) $31.04 1.17%
Exxon Mobil Corp. (XOM) $77.21 1.08%
Microsoft Corp. (MSFT) $72.91 1.05%
E.I. du Pont de Nemours and Co. (DD) $82.64 0.99%
Boeing Co. (BA) $237.92 0.95%
General Electric Co. (GE) $24.71 0.90%
Goldman Sachs Group Inc. (GS) $222.61 0.82%
JP Morgan Chase & Co. (JPM) $91.34 0.78%
Dow Jones - Fallers
Johnson & Johnson (JNJ) $133.10 -0.26%
Verizon Communications Inc. (VZ) $48.03 -0.23%
American Express Co. (AXP) $85.18 -0.14%
Procter & Gamble Co. (PG) $92.80 -0.06%
Coca-Cola Co. (KO) $45.67 -0.03%
United Technologies Corp. (UTX) $115.32 0.03%
3M Co. (MMM) $204.99 0.22%
Visa Inc. (V) $103.46 0.23%
McDonald's Corp. (MCD) $158.81 0.28%
Wal-Mart Stores Inc. (WMT) $79.97 0.33%
S&P 500 - Risers
Freeport-McMoRan Inc (FCX) $15.32 4.01%
Macy's Inc. (M) $20.13 3.05%
United States Steel Corp. (X) $23.97 2.79%
W.W. Grainger Inc. (GWW) $162.66 2.68%
Fastenal Co. (FAST) $41.01 2.60%
Vertex Pharmaceuticals Inc. (VRTX) $152.77 2.52%
Micron Technology Inc. (MU) $30.26 2.37%
Southwestern Energy Co. (SWN) $5.30 2.32%
Mallinckrodt Plc Ordinary Shares (MNK) $36.93 2.21%
Lowe's Companies Inc. (LOW) $75.45 2.17%
S&P 500 - Fallers
Tenet Healthcare Corp. (THC) $16.15 -2.48%
Medtronic Plc (MDT) $81.82 -2.03%
Frontier Communications Co. (FTR) $12.52 -1.57%
PulteGroup Inc. (PHM) $25.08 -1.24%
Lennar Corp. Class A (LEN) $51.54 -1.09%
D. R. Horton Inc. (DHI) $35.40 -1.06%
Endo International Plc (ENDP) $8.44 -0.94%
Johnson Controls International plc (JCI) $37.92 -0.91%
SCANA Corp. (SCG) $59.97 -0.89%
J. M. Smucker Co. (SJM) $120.77 -0.89%
Nasdaq 100 - Risers
Fastenal Co. (FAST) $41.01 2.60%
Vertex Pharmaceuticals Inc. (VRTX) $152.77 2.52%
Micron Technology Inc. (MU) $30.26 2.37%
Seagate Technology Plc (STX) $32.11 2.07%
Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $56.84 1.75%
Applied Materials Inc. (AMAT) $44.06 1.74%
Lam Research Corp. (LRCX) $161.09 1.70%
Marriott International - Class A (MAR) $100.75 1.69%
Electronic Arts Inc. (EA) $118.81 1.69%
Starbucks Corp. (SBUX) $54.04 1.67%
Nasdaq 100 - Fallers
Mylan Inc. (MYL) $30.19 -0.82%
Mattel Inc. (MAT) $16.29 -0.79%
Charter Communications Inc. (CHTR) $395.04 -0.36%
American Airlines Group (AAL) $45.60 -0.24%
CA Inc. (CA) $32.49 -0.20%
Twenty-First Century Fox Inc Class A (FOXA) $27.34 -0.11%
Hasbro Inc (HAS) $94.75 -0.09%
Twenty-First Century Fox Inc Class B (FOX) $26.88 -0.04%
Viacom Inc. Class B (VIAB) $28.10 -0.04% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Broker Tips | | Europe close: Stocks jump on positive news from the States Stocks recouped their losses from the previous day on the back of positive newsflow around the White House's tax reform efforts, alongside a dip in the single currency's value as investors bide their time ahead of the start of the US central bank's annual Jackson Hole symposium on Thursday.
At the closing bell, the benchmark Stoxx 600 was 0.83% or 3.08 points higher to 375.80, alongside a rise of 1.35% or 163.35 points to 12,229.34 for the German Dax and a 0.87% or 44.27 point advance in the Cac-40 to 5,131.66.
In tandem, euro/dollar was 0.42% lower at 1.1763, in part following the release of a weaker-than-expected reading on German economic confidence.
Nevertheless, geopolitics were not far from traders' minds.
"Stock markets in Europe have pushed higher today as traders decide to take on more risk. While the situation regarding North Korea hasn't changed in either direction, investors are using the lull to pick up relatively cheap stocks. The stalemate between the two countries continues but there are no new developments, and this has brought about buying opportunities," said David Madden at CMC Markets UK.
On a more auspicious note, Politico reported progress had been made by top Republicans on thrashing out the broad contours of a viable reform of the US tax system with the aim of giving the economy a shot in the arm.
But not everyone was buying into the cheer, Ray Dalio, the billionaire founder of the world's largest hedge fund, Bridgewater Associates, said he was "tactically reducing" risk due to his concerns about the administration's ability to navigate internal and external conflicts.
"It seems to me that we are now economically and socially divided and burdened in ways that are broadly analogous to 1937. During such times conflicts (both internal and external) increase, populism emerges, democracies are threatened and wars can occur. I can't say how bad this time around will get. I'm watching how conflict is being handled as a guide, and I'm not encouraged," Dalio wrote in a post to his LinkedIn account.
Meanwhile, the ZEW institute reported that its economic confidence index for German slipped by 7.5 points in August to a reading of 10.0, falling short of market forecasts for a reading of 15.0.
Experts' outlook for the German economy soured in August amid a weaker than-expected export performance by the country and a widening scandal in the automobile sector, ZEW said in a statement.
Meanwhile, an index of consumer confidence in the Netherlands ticked higher in August, rising from 25 points to 26, according to the country's Central Bureau of Statistics.
In corporte news, Fabio Cerchiai, Atlantia's chief executive, defended his company's bid for Spain's Abertis, adding that the tollroad operator's shares would continue to be listed on the Madrid exchange if his company's buyout offer went forward. |
| | Hurricane Energy: is this a buying opportunity? | | Every now and then a small stock with a big story captures the investing public’s imagination.
And without a doubt, Hurricane Energy has a big story to tell.
In this Complimentary Guide we throw a spotlight on Hurricane Energy Plc.
Find out:
How Hurricane’s ‘exploration niche’ has transformed North Sea oil
What’s the single biggest risk the stock faces?
What two major events are due in the coming months?
Are the shares worth buying here?
Get the full facts now…
Click here for your Complimentary Guide
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