| | | | | | | 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 | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks slide following Wall St wobble, airlines hit by Barcelona fears London stocks nosedived in early trade on Friday, with airlines leading the retreat after the terror attacks in Barcelona and following steep losses overnight on Wall Street amid renewed concerns about the Presidency.
After half an hour of trading the FTSE 100 was down 0.75% to 7,332.50. The pound was up 0.17% on the dollar at 1.2890 and flat against the euro at 1.0973.
Fanning the selling, according to traders, were the increased political uncertainty in the US as reports emerged that a third White House panel of business leaders is to be scrapped.
Commenting on the increasingly divisive political backdrop on Capitol Hill, Michael Hewson, chief market analyst at CMC Markets UK said: "With support peeling away from all sides' investors appear to be coming to the conclusion that the US President is likely to find it even more difficult to achieve anything close to what was expected than was the case at the beginning of this year.
"This of course then begs the question as to whether he'll be able to achieve anything at all, at a time when the political cost of continuing to support him rises with each passing day and each tweet storm."
Also stoking the bearishness in US stocks were rumours that Gary Cohn, the chief economic adviser to the White House, might resign.
Meanwhile overnight the Guardian's New York office reported that a third White House panel of business leaders is to be scrapped amid the controversy over Donald Trump's response to neo-Nazi violence in Virginia.
Trump's presidential advisory council on infrastructure will disband along with the two panels that Trump rushed to dissolve on Wednesday when faced with mass resignations of chief executives from some of America's biggest companies.
No significant data releases are scheduled in the UK at the end of the week.
In the States, the University of Michigan's preliminary reading on consumer confidence for the month of August is expected a 1500 BST.
Company news was extremely thin on the ground.
Drugmakers AstraZeneca and Merck have been given approval by the US drug administrator to sell Astra's Lynparza ovarian cancer drug in a new tablet form and to a wider range of cancer sufferers, as the pair begin a new partnership on the front foot. The US Food and Drug Administration granted approval for the drug, which is a PARP inhibitor, meaning it stops the actions of the poly ADP-ribose polymerase protein that helps damaged cells to repair themselves.
Reckitt Benckiser said on it had completed the $4.2bn sale of its food business, including the French's, Frank's RedHot and Cattlemen's brands, to McCormick & Company. RB said it would use the net proceeds to cut debt.
IAG and EasyJet both shed 3% in early trading, while Ryanair was 5% lower on the open before paring losses. Overseas Air France KLM and Lufthansa also slumped following the terror attacks in Spain. "As we've seen over the last couple of years in Europe, these kinds of atrocities affect tourism and will hit airline earnings. Investors are concerned that demand will fall over the rest of the year, which was already looking like it would be a tough patch for the industry," said analyst Neil Wilson at ETX Capital.
The stock leaderboard was topped by precious metals miners Randgold Resources and Fresnillo. The risk-off trading sentiment and the softening US yield environment is conducive for gold, analysts noted, with the Federal Reserve's indecision having removed a major barrier to the positive gold trend. |
| | 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) 7,332.50 -0.75%
FTSE 250 (MCX) 19,664.92 -0.55%
techMARK (TASX) 3,384.10 -0.73%
FTSE 100 - Risers
Randgold Resources Ltd. (RRS) 7,515.00p 1.49%
RSA Insurance Group (RSA) 657.00p 1.15%
Fresnillo (FRES) 1,581.00p 0.96%
Rio Tinto (RIO) 3,451.00p 0.63%
Rentokil Initial (RTO) 293.60p 0.55%
Anglo American (AAL) 1,280.00p 0.08%
Direct Line Insurance Group (DLG) 389.10p 0.08%
Mediclinic International (MDC) 731.50p 0.07%
Glencore (GLEN) 345.15p 0.04%
Royal Dutch Shell 'B' (RDSB) 2,161.50p 0.02%
FTSE 100 - Fallers
easyJet (EZJ) 1,258.00p -3.31%
International Consolidated Airlines Group SA (CDI) (IAG) 603.50p -3.29%
Ashtead Group (AHT) 1,545.00p -2.22%
Coca-Cola HBC AG (CDI) (CCH) 2,540.00p -2.04%
Shire Plc (SHP) 3,806.50p -1.67%
Royal Bank of Scotland Group (RBS) 253.90p -1.63%
British American Tobacco (BATS) 4,759.50p -1.50%
InterContinental Hotels Group (IHG) 3,930.00p -1.45%
Admiral Group (ADM) 1,971.00p -1.45%
Legal & General Group (LGEN) 263.90p -1.42%
FTSE 250 - Risers
IP Group (IPO) 142.90p 3.03%
Ferrexpo (FXPO) 278.10p 2.85%
Electra Private Equity (ELTA) 1,674.00p 2.01%
Centamin (DI) (CEY) 153.30p 1.46%
Rank Group (RNK) 228.20p 1.42%
Polymetal International (POLY) 946.00p 1.23%
Card Factory (CARD) 332.20p 1.06%
Petra Diamonds Ltd.(DI) (PDL) 92.80p 1.03%
Woodford Patient Capital Trust (WPCT) 101.00p 1.00%
TBC Bank Group (TBCG) 1,600.00p 0.95%
FTSE 250 - Fallers
Ocado Group (OCDO) 283.60p -2.91%
National Express Group (NEX) 359.70p -2.68%
Pershing Square Holdings Ltd NPV (PSH) 1,081.00p -2.35%
SIG (SHI) 174.60p -2.18%
Cranswick (CWK) 2,929.00p -1.97%
FDM Group (Holdings) (FDM) 927.50p -1.90%
Wizz Air Holdings (WIZZ) 2,816.00p -1.74%
Marshalls (MSLH) 413.20p -1.71%
Polypipe Group (PLP) 381.90p -1.70% |
| | Friday August 18 INTERIM DIVIDEND PAYMENT DATE
Heath (Samuel) & Sons, Safestore Holdings, Sanderson Group QUARTERLY PAYMENT DATE
APQ Global Limited INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Current Account (EU) (09:00)
Producer Price Index (GER) (07:00)
U. of Michigan Confidence (Prelim) (US) (15:00) ANNUAL REPORT
Abbey AGMS
Grand Group Investment (DI), System1 Group FINAL DIVIDEND PAYMENT DATE
Castings, Creightons, D4T4 Solutions, Downing One VCT , Heath (Samuel) & Sons, Immunodiagnostic Systems Holdings, Scapa Group, Sirius Real Estate Ltd. |
| | 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 'erratic' regarding the events in Charlottesville, two more CEOs resigned from the US President's Manufacturing Council.
Read More... |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks off lows after Barcelona attacks Stocks have started the session lower, tracking a big drop in US stocks overnight even as traders digest a terrorist attack on Barcelona and an another against a town to its south which was foiled by police. As of 0814 BST, the pan-European benchmark Stoxx 600 was down by 0.92% or 3.47 points to 373.40, alongside a 0.93% or 113.25 point drop for the German Dax and a 57.21 points or 1.11% fall in the Cac-40. Traditional safe haven assets were finding a modest bid on Friday morning, with December 2017 COMEX gold up by 0.56% to $1,299.60/oz. while dollar/yen was down by 0.5% to 109.01. Despite Thursday night's tragic events in Barcelona, selling in Travel & Tourism stocks was restrained, with the corresponding Stoxx 600 gauge off by 1.21% to 247.06. Commenting on the market backdrop, Henry Croft at Accendo Markets said: "A tragic terror attack striking at the heart of Barcelona, killing 13, has shaken European futures overnight, while a tweet yesterday indicating that Gary Cohn, Director of the National Economic Council and a critical influence on policy decisions in the White House, had resigned from his post shocked US markets shortly after the open. Despite the tweet being deleted and officially denied by the White House, the damage had already been done, and comments suggesting that there was "no smoke without fire" soon emerged." On the economic front, producer prices in Germany rose by 0.2% on the month in July and by 2.3% on the year, according to the Federal Office of Statistics. In June, producer prices increased at a 2.4% year-on-year pace Economists had forecast a flat reading on the month and a 2.2% rise year-on-year. On the economic calendar for Friday are euro area current account data for June at 0900 BST, followed by construction output data an hour afterwards. Stateside, the University of Michigan's preliminary reading on consumer confidence in August is set to be published on 1500 BST. Meanwhile, on the corporate front, Air Berlin announced the indefinite postponement of its first half results, DPA reported. Stock in Deutsche Bank was down after the German lender and Bank of America reached a $65.5m settlement on accusations that they rigged the approximately $9trn US government agency bond market. Roughly 800 shareholders have sued Banca Monte dei Paschi di Siena for in excess of €800m, alleging they were misled into investing by erroneous balance sheets and prospectuses. |
| | 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 close: Dow sees biggest decline in three months Wall Street broke its four-day winning streak in style, with the main stock indices each falling more than 1% as the dollar rallied on the revelation that Federal Reserve is more dovish than expected, with an attack in Barcelona darkening the mood.
Several analysts were also drawing attention to the US president's decision overnight to dissolve two of his business councils, which stoked concern over his ability to bridge the political and social divide in order to pass key reforms that were still pending.
By the closing bell, the Dow Jones Industrials had suffered its worst day in more than three months and its first fall of over 1% for more than two months, falling 274.14 points or 1.24% to 21,750.73.
The S&P slipped 38.1 points or 1.54% to 2,430.01, while the Nasdaq Composite retreated 123.2 points or 1.94% to 6,221.91.
Banks and tech stocks were the worst hit, with the former falling 2.4%, the wider financials sector down 1.87% and the Dow tech index falling 2%.
Commenting on the situation in markets, Joshua Mahony at IG said: "Unsurprisingly we have seen financials fall back across the board, as the prospect of higher rates in 2017 continues to diminish. Fears over the weakening inflation picture has put the December rate hike on a knife edge, with the balance sheet normalisation seeming the more likely of the two.
"[Trump came] into power on a pro-business ticket where he promised to bring everyone together, we have seen zero pro-business policies implemented, and social divides widen. With fellow Republicans and now business leaders turning their back on the President, it feels as if the chances of true growth friendly reforms are looking less and less likely."
For David Madden at CMC Markets, it was more a matter of simple profit-taking. "The American indices managed to weather the storm of the North Korean chaos better than other regions, but now we are seeing investors take money off the table."
The Federal Reserve minutes last night told us the US central bank is looking to start unwinding their balance sheet in the next few months. The Fed always stated any changes to their policy will be well timed and gradual, so when it does come about there won't be much a reaction to it.
Against that backdrop, one of the most widely-followed gauges for the US jobs market revealed it continued to be in robust health. Initial jobless claims plummeted by 12,000 over the week ending 12 August to reach 232,000, according to the Department of Labor. Economists had forecast a reading of 240,000.
In parallel, the Philly Fed announced that its regional manufacturing index slipped from a reading of 19.5 for July to 18.9 for August (consensus: 19.0).
Industrial production grew by 0.2% month-on-month in July (consensus: 0.3%), alongside upwards revisions to readings for the months of March and April.
Meanwhile, the Conference Board's index of leading economic indicators clocked in with an advance of 0.3% on the month for July, as anticipated.
Later in the day, Dallas Fed president Robert Kaplan said the Federal Reserve should be "very patient and judicious" over any potential interest rate hike, though the FOMC voter is known for his cautious stance.
Kaplan said he wanted to see evidence that it would rebound "in the medium term" before he could support another rate hike.
On the corporate front, retailing giant Wal Mart posted better-than-expected earnings per share of $1.08 on a 2.1% rise in revenues to $123.6bn.
Fashion retailer Urban Outfitters rocketed despite the company's top line having shrunk from $890.6m to $872.9m (consensus: $862.0m). |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Friday newspaper round-up: Brexit deals, White House, productivity, Cuadrilla EU migrants will be barred from claiming in-work benefits unless they have been employed for at least four years after Brexit under plans to revive a pledge by David Cameron. Ministers are understood to be examining plans to bar migrants who arrive in the UK after March 2019 from claiming in-work benefits unless they have worked in the UK and "contributed" for four years. - The Telegraph
Commonwealth countries have said that the government should give their citizens the same rights as Europeans to come and live in Britain after Brexit. Julie Bishop, the Australian foreign minister, has told The Times that her colleagues would be disappointed and concerned if Britain imposed more restrictive conditions for Australian workers than for those from the European Union, with one Australian government source saying the country's concerns were shared by New Zealand and Canada and suggested that the issue would be brought up in any trade talks. - The Times
Leaving the European Union without a deal in place would not spell disaster for the UK economy, according to a free market thinktank advocating trade with the rest of the world over a "hamstrung" deal with Brussels. Despite repeated warnings that leaving without an agreement would hurt British companies and consumers, the report from the Institute of Economic Affairs, published on Friday, says the UK could remove all import barriers to achieve lower prices for consumers, increased productivity and higher wages. - Guardian
Encouraging more foreign businesses to set up in the UK may help to solve the country's chronic productivity problem, analysis by the Bank of England has suggested. Work by two central bank economists published on the Bank Underground blog showed that foreign-owned companies are at least 50 per cent more productive than their British-owned counterparts and the gulf is widening. - The Times
A third White House panel of business leaders is to be scrapped amid the controversy over Donald Trump's response to neo-Nazi violence in Virginia. Trump's presidential advisory council on infrastructure will disband along with the two panels that Trump rushed to dissolve on Wednesday when faced with mass resignations of chief executives from some of America's biggest companies. - Guardian
Air Berlin chief executive Thomas Winkelmann said that the airline was in talks with three competitors and hoped to secure an agreement by the end of September. As well as Lufthansa, the country's biggest carrier, German media have speculated that Easyjet and Condor, a Thomas Cook subsidiary, are interested in buying some of the assets. - The Times
Cuadrilla has begun drilling at the Lancashire site where it will carry out Britain's first fracking in six years. The shale gas explorer said that it had started work on the first well at its Preston New Road site on Thursday, almost three years after it originally hoped to do so. It intends to drill two wells and to frack them "at the end of this year". - The Times
Britain's factories benefited from a surge in sales to the EU in the first half of this year as export growth outstripped import growth. The UK still imports far more than it exports leaving the country with a goods deficit amounting to €53bn (48bn) for the six months to June in its trade with the EU, but that is down from €57.8bn in the same period of 2016. - The Telegraph
Soaring demand for British craft beers in South Korea helped UK food and drink exports top 10bn in the first six months of 2017, the best first half figures ever. Ireland, France and the US are the top three destinations for British food and drink, but the east Asian country was the fastest growing with export revenues up 77% as beer sales jumped more than 420% year-on-year to 59.3m, according to the Food & Drink Federation industry body. - Guardian
The new Australian owner of the Homebase DIY business has reported a pre-tax loss of 54 million in its first full year of ownership. In a sign of how tough trading is in the DIY sector and on the high street, Bunnings said that its UK business had been hit by 19 million in one-off "transition and restructuring" costs as well as "significant disruption" to its trading as it sought to reposition the Homebase business. - The Times
Mapping agency Ordnance Survey is reeling in record revenues with businesses and authorities turning to its pinpoint-accurate data. The Government-owned firm reported revenue of 152.8million during the latest financial year, up 4 per cent on the previous year and above 150million for the first time ever, although profits of 42.5million fell from 46.9million. - Mail
Ericsson is understood to be seeking sweeping job cuts outside its native Sweden that may affect its 3,500-strong workforce in the UK. The troubled telecoms equipment maker, which reported a second-quarter operating loss last month of SKr1.2 billion (115 million) as it continues to grapple with competition from China's Huawei and Finland's Nokia and falling spending by telecoms operators, confirmed yesterday that it was accelerating a programme of costcutting and refused to rule out job losses in the UK. - The Times
Supermarkets, restaurants and takeaways will be asked to shrink thousands of products or find other ways to cut their calorie content as part of a Government crackdown on junk foods. Pizzas, ready meals, crisps and burgers are being targeted by health officials in a national plan to combat obesity. - Telegraph
Teenagers are deserting English and history at A level in droves and embracing science in all its forms. Entries for English language fell by 10.2 per cent and history by 8.1 per cent. Mathematics, chemistry and physics, with their promise of well-paid jobs, are soaring in popularity, with maths by far the most popular A-level subject. Some 33 per cent of all entries this year were in so-called Stem subjects: science, technology, engineering and maths. A decade ago, the proportion was 24.8 per cent. - The Times
Hyundai has unveiled plans to move deeper into the fast-growing electric car market with a vehicle that can travel more than 300 miles on each charge, as the race to capture the low-emission market intensifies. The Korean carmaker, the world's fifth largest, said it aimed to produce the vehicle after 2021. - The Times |
| | 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
| | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
| | | | | | | To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49 | |
No comments:
Post a Comment