| | | | | | | 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: FTSE 100 fractionally higher as stocks pause for breath The top flight index closed marginally higher, brushing off a threat from US President Donald Trump to allow a shutdown of the federal government if funding was not provided for the wall he promised on his campaign trail along the US/Mexico border.
He also threatened to terminate the NAFTA (North American Trade Agreement) treaty after talks between the US, Mexico and Canada failed to bridge deep differences.
Helped by weakness in Sterling, investors also managed to shake-off a sharp drop in advertising giant WPP's share price on the back of a disappointing set of interim results.
At the closing bell, the FTSE 100 was slightly higher at 7,382.65, up 0.01% on the day, while the pound was 0.31% lower versus the dollar at 1.2784 and 0.66% softer against the euro - and near an eight-year low - at 1.0834, as the single currency got a boost from solid manufacturing data.
European markets all closed lower with the DAX down 0.45% to 12,174.30, the CAC 40 lower to 5,115.39 and the IBEX 35 down 0.69% to 10,338.10.
IHS Markit's flash eurozone composite index - which measures activity in both sectors - nudged up to 55.8 from 55.7 in July, beating expectations for a reading of 55.5.
Meanwhile, manufacturing activity grew at the fastest pace since April 2011. The manufacturing PMI rose to 57.4 from 56.6 the month before and ahead of expectations for a decline to 56.3. This helped to offset a drop in the services index to a seven-month low of 54.9 from 55.4 in July.
Spreadex analyst Connor Campbell said weakness in the pound was also likely to be down to a renewed bout of Brexit bearishness.
"With little else going on in the UK, it seems investors have been left to speculate about the state of the Brexit negotiations, rarely a good thing for the health of the pound," he said.
In corporate news, shares in WPP tumbled after it reported slightly weaker than expected top and bottom line growth at the half year stage and cut its growth forecast for 2017.
Facilities management and construction services group Carillion also fell sharply, with traders pointing to a build-up in short positions in the stock as a possile trigger.
Subprime lender Provident Financial was in the black, clawing back a bit of ground following a 66% plunge on Tuesday on the heels of its second profit warning in two months and after it withdrew its dividend, announced the departure of its CEO and revealed an FCA investigation into Vanquis Bank.
Tesco gained ground after saying it will open a compensation scheme for eligible shareholders and bondholders who were misled by a trading statement in august 2014 that overstated the company's half-year profits.
Playtech edged up as it said it has agreed to buy technology, intellectual property and certain customer assets from ACM for up to $150m as it continues to enhance its financials division's B2B offering.
UAE-based NMC Health rallied after signing a new operations and maintenance contract for the management of Emirates Healthcare assets, comprising three brands and saying it expects full year earnings to be towards the top end of the current guidance range.
Hansteen advanced as the industrial property investor reported a 186% jump in first-half profit following the sale of its German and Dutch portfolio.
Vedanta Resources was in the black after it said first-quarter earnings and revenue were "significantly higher" on the back of higher commodity prices and volumes, while Meggitt was boosted by an upgrade to 'buy' out of Jefferies. |
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| Market Movers
FTSE 100 (UKX) 7,382.65 0.01%
FTSE 250 (MCX) 19,743.22 -0.04%
techMARK (TASX) 3,391.38 0.16%
FTSE 100 - Risers
Provident Financial (PFG) 661.00p 12.13%
Antofagasta (ANTO) 994.00p 2.31%
Rio Tinto (RIO) 3,615.00p 2.13%
Tesco (TSCO) 187.10p 1.57%
Fresnillo (FRES) 1,564.00p 1.56%
Morrison (Wm) Supermarkets (MRW) 252.90p 1.53%
Anglo American (AAL) 1,324.00p 1.38%
AstraZeneca (AZN) 4,495.00p 1.38%
Glencore (GLEN) 353.10p 1.29%
BHP Billiton (BLT) 1,411.00p 1.15%
FTSE 100 - Fallers
WPP (WPP) 1,420.00p -10.92%
Paddy Power Betfair (PPB) 7,000.00p -2.71%
ITV (ITV) 162.60p -1.87%
easyJet (EZJ) 1,270.00p -1.78%
Ferguson (FERG) 4,582.00p -1.61%
Barratt Developments (BDEV) 606.50p -1.54%
Standard Life Aberdeen (SLA) 430.70p -1.42%
Pearson (PSON) 613.00p -1.37%
Whitbread (WTB) 3,801.00p -1.30%
Informa (INF) 691.00p -1.29%
FTSE 250 - Risers
NMC Health (NMC) 2,593.00p 7.15%
Evraz (EVR) 289.20p 6.72%
Hikma Pharmaceuticals (HIK) 1,242.00p 4.55%
Vedanta Resources (VED) 808.50p 4.05%
Acacia Mining (ACA) 201.00p 2.87%
TBC Bank Group (TBCG) 1,600.00p 2.70%
Vesuvius (VSVS) 570.50p 2.61%
Meggitt (MGGT) 510.00p 2.51%
Fisher (James) & Sons (FSJ) 1,539.00p 2.46%
Hansteen Holdings (HSTN) 129.80p 2.37%
FTSE 250 - Fallers
Carillion (CLLN) 42.56p -11.41%
IP Group (IPO) 121.00p -5.25%
Auto Trader Group (AUTO) 338.90p -4.75%
Greencore Group (GNC) 208.00p -4.72%
Dixons Carphone (DC.) 235.30p -2.73%
Pets at Home Group (PETS) 178.00p -2.04%
Hill & Smith Holdings (HILS) 1,293.00p -1.83%
Fidessa Group (FDSA) 2,108.00p -1.82%
Ocado Group (OCDO) 285.00p -1.72%
Balfour Beatty (BBY) 274.50p -1.61% |
| | Market Analysis 23/08/2017 Today's highlights: Incredible recovery seen in the crypto market - Wall Street posts best day since April: Leading indices in the US surged yesterday. The Nasdaq led the way, rising 1.36%, while the Dow Jones and S&P 500 were up by 0.9% and 0.99% respectively. The positive trend came in reaction to renewed hope in Trump's tax reform.
- Cryptocurrency market shows amazing recovery: All top 20 cryptocurrencies showed gains in the past 24 hours. Ripple nearly doubled its value since yesterday, Bitcoin rose more than 8.5% and crossed the $4,000 mark once more, and Ethereum added more than 5% to its value, settling well-above the $300 mark.
Read More... |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe close: Stocks give back some of the prior session's gains Equity markets took a breather following outsized gains in the previous session which was stoked by optimism over the potential for US tax reforms.
By the closing bell, the benchmark Stoxx 600 was down by 0.50% or 1.88 points to 373.92, alongside a dip in Germany's Dax of 0.45% or 55.04 points to 12,174.30 and a fall of 0.32% or 16.47 points in the Cac-40 to 5,115.39.
Nonetheless, some analysts were rather sceptical regarding the prospect of any progress actually being made on Capitol Hill.
"Sadly we've seen this movie quite a few times this year with the hope that US politicians may well be poised to move forward with a program of tax reform, and for those hopes to subsequently turn to dust," commented Michael Hewson, chief market analyst at CMC Markets UK.
The day before, Politico had reported that top Trump administration officials and several key Republicans had reached a broad consensus on the best way to go about cutting both the individual and corporate tax rates.
Against that backdrop, investors were focusing on a very strong reading on the German economy ahead of the Federal Reserve bank of Kansas City's eagerly awaited economic symposium which was due to begin the next day.
IHS Markit's composite purchasing managers' index for France was steady at a reading of 55.6 in August (consensus: 55.4).
However, the equivalent PMI for Germany shot higher from 54.7 for July to 55.7 in August, far exceeding economists' forecasts calling for an unchanged print.
Meanwhile, a composite PMI covering both the factory and services sectors for the entire euro area edged up from a print of 55.5 in July to 55.7 for August.
Commenting on the results of the latter, Andrew Harker, the survey compiler's associate director, said: "Overall, this is another positive set of numbers for the euro area, which continues to enjoy its best growth spell for a number of years".
Still on the economic calendar for Wednesday, IHS Markit's August euro area 'composite' PMI was expected at 0900 BST, followed by a preliminary reading on consumer confidence in the single currency bloc at 1500 BST.
Meanwhile, on the corporate front, Brussels was aiming to complete its initial review of Bayer's takeover of Monsanto on Tuesday. |
| | 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: Trump border wall threat, mixed data weigh on sentiment Wall Street stumbled shortly after the start of trading amid mixed economic data and after president Donald Trump appeared to threatened with a shutdown of the federal government unless funding could be found for his initiative to extend the border wall with Mexico.
At 1513 BST, the Dow Jones Industrial Average was down by 0.28% or 60.44 points at 21,840.10, while the S&P 500 was falling 0.29% or 7.05 points to 2,445.44 and the Nasdaq Composite was retreating 0.32% or 20.06 points to 6,276.84.
Jasper Lawler, senior analyst at LCG, commented: "This is signature Donald Trump. We think this is basically a bluff by Trump to get his 'Great Wall' back on the agenda and show some political rebellion following his foreign policy capitulation in Afghanistan. Trump wouldn't want a government shutdown because he feels compelled to put across the image of America "winning" under his Presidency. A government shutdown symbolises failed leadership."
In economic news, new home sales in the States crashed by 9.4% on the month in July to reach an annualised pace of 571,000, which was well below the 610,000 forecast by economists.
Nevertheless, Ian Shepherdson at Pantheon Macroeconomics noted how data for the previous three months had been revised up by a combined 46,000.
"With the labor market strong, the biggest threat to the new homes market right now is the tightening of mortgage lending standards in recent months, though we don't expect that to continue," he added.
However, IHS Markit's composite manufacturing and service sector purchasing managers' index jumped from a reading of 54.7 for July to 56.9 in August - a 27-month high.
The service sector PMI was the reason behind the gain, rising from 54.7 in the month before to 56.9 - a 28-month high.
Still on the macroeconomic calendar, market participants were also be watching out for a speech by Dallas Fed President Robert Kaplan in Texas. Kaplan is one of the policymakers that has become increasingly concerned about a lack of inflation and recently suggested he may be willing to wait before raising interest rates again.
In corporate news, Lowe's shares slumped after its second-quarter earnings and sales fell short of analysts' expectations. Adjusted earnings per share came in at $1.57 versus expectations of $1.61, while revenue was $19.5bn compared with an estimate of $19.53bn.
Cloud software company Salesforce.com on the other hand was on the front foot on the heels of better-than-expected earnings published late on Tuesday.
American Eagle Outfitters was higher after beating the Street consensus.
Dow Jones - Risers
International Business Machines Corp. (IBM) $142.96 1.39%
Verizon Communications Inc. (VZ) $48.59 0.51%
Chevron Corp. (CVX) $106.89 0.49%
Wal-Mart Stores Inc. (WMT) $80.39 0.46%
JP Morgan Chase & Co. (JPM) $91.97 0.45%
United Technologies Corp. (UTX) $116.16 0.41%
Pfizer Inc. (PFE) $33.26 0.33%
Cisco Systems Inc. (CSCO) $31.37 0.32%
E.I. du Pont de Nemours and Co. (DD) $83.22 0.25%
Merck & Co. Inc. (MRK) $62.55 0.21%
Dow Jones - Fallers
Home Depot Inc. (HD) $147.67 -1.49%
3M Co. (MMM) $203.26 -1.07%
Johnson & Johnson (JNJ) $133.46 -0.92%
General Electric Co. (GE) $24.39 -0.85%
Boeing Co. (BA) $238.04 -0.71%
Visa Inc. (V) $103.36 -0.68%
Caterpillar Inc. (CAT) $115.03 -0.68%
Walt Disney Co. (DIS) $102.12 -0.63%
Nike Inc. (NKE) $53.84 -0.54%
McDonald's Corp. (MCD) $158.79 -0.53%
S&P 500 - Risers
Frontier Communications Co. (FTR) $12.43 3.20%
CenturyLink Inc. (CTL) $20.32 2.11%
Western Digital Corp. (WDC) $88.36 1.97%
Diamond Offshore Drilling Inc. (DO) $10.76 1.85%
Alcoa Corporation (AA) $40.50 1.84%
Symantec Corp. (SYMC) $29.22 1.60%
Urban Outfitters Inc. (URBN) $19.77 1.59%
Tractor Supply Company (TSCO) $57.06 1.59%
Bed Bath & Beyond Inc. (BBBY) $27.80 1.57%
United States Steel Corp. (X) $24.63 1.55%
S&P 500 - Fallers
Lowe's Companies Inc. (LOW) $71.53 -5.66%
Omnicom Group Inc. (OMC) $74.67 -4.43%
Stryker Corp. (SYK) $139.41 -4.19%
Interpublic Group of Companies Inc. (IPG) $20.11 -3.78%
Seagate Technology Plc (STX) $31.09 -3.70%
American Airlines Group (AAL) $44.11 -2.86%
Southwest Airlines Co. (LUV) $51.95 -2.78%
Kansas City Southern (KSU) $105.80 -2.58%
Endo International Plc (ENDP) $8.17 -2.51%
Delta Airlines Inc. (DAL) $46.07 -2.29%
Nasdaq 100 - Risers
Western Digital Corp. (WDC) $88.36 1.97%
Symantec Corp. (SYMC) $29.22 1.60%
Tractor Supply Company (TSCO) $57.06 1.59%
Ctrip.Com International Ltd. Ads (CTRP) $53.21 1.33%
Nvidia Corp. (NVDA) $164.51 1.21%
Tesla Inc (TSLA) $345.12 1.10%
JD.com, Inc. (JD) $42.61 1.09%
Xilinx Inc. (XLNX) $61.96 1.00%
Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $57.44 0.95%
Maxim Integrated Products Inc. (MXIM) $44.81 0.95%
Nasdaq 100 - Fallers
Seagate Technology Plc (STX) $31.09 -3.70%
American Airlines Group (AAL) $44.11 -2.86%
CSX Corp. (CSX) $48.80 -2.24%
Vertex Pharmaceuticals Inc. (VRTX) $152.43 -1.96%
Wynn Resorts Ltd. (WYNN) $133.71 -1.79%
Alexion Pharmaceuticals Inc. (ALXN) $135.90 -1.66%
Biogen Inc (BIIB) $282.76 -1.38%
Liberty Global plc Series A (LBTYA) $33.93 -1.34%
Paypal Holdings Inc (PYPL) $60.03 -1.33% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | 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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