| | | | | | | 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 investors shrug off North Korean concerns London stocks edged higher in early trade on Wednesday, tracking gains in the US and Asia as investors shrugged off concerns about North Korea.
At 0820 BST, the FTSE 100 was up 0.5% to 7,372.58, while the pound was down 0.1% against the dollar at 1.2908 and 0.1% firmer versus the euro at 1.0795, steadying after it sank against the single currency on Tuesday amid the latest Brexit talks.
Analysts attributed the calmer tone in markets in part to US President Trump's measured response to North Korea's missile launch over Japan.
David Morrison, senior market strategist at SpreadCo, said: "Rather than unleashing a Tweet-storm Mr Trump paused before stating that all options were on the table when it came to dealing with the rogue state. So traders switched back into their default 'buy the dip' setting hoping to take advantage of Tuesday's sharp sell-off to pick up risk assets at cheaper prices."
On the data front, net lending to individuals, consumer credit, mortgage approvals and money supply are due at 0830 BST. Investors will also be eyeing the release of second-quarter US GDP at 1330 BST, while the ADP employment report at 1315 BST will be watched ahead of Friday's non-farm payrolls.
In corporate news, Diploma was in the black after saying it had continued to trade well in the second half of the year and remained on track to post full year results in line with expectations.
WH Smith was also higher after saying results for the year to the end of August should hit target and that it continues to see further opportunities for international growth in via the airport market.
Hansteen Holdings advanced as it announced the sale of Carvers Trading Estate in Ringwood, north east of Bournemouth on Wednesday for £7.06m, reflecting a net initial yield of 4.93% and a capital value per square foot of £137.
Workspace racked up healthy gains as it exchanged contracts for the disposal of Zennor Road Industrial Estate in Balham, London, for £30m.
Going the other way, Spectris was in the red after saying it will sell its Microscan Systems unit to Omron Corporation for $157m in cash, while Petrofac declined despite reporting a jump in first-half pre-tax profit, as it cut its dividend.
James Fisher retreated despite posting a rise in first-half underlying operating profits and lifting its dividend, while Dunelm was hit by the resignation of its chief executive for "personal reasons". |
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| Market Movers
FTSE 100 (UKX) 7,372.58 0.48%
FTSE 250 (MCX) 19,622.03 0.48%
techMARK (TASX) 3,375.14 0.38%
FTSE 100 - Risers
Ashtead Group (AHT) 1,637.00p 2.63%
Ferguson (FERG) 4,550.00p 2.02%
ITV (ITV) 156.00p 1.96%
Aviva (AV.) 523.00p 1.16%
Prudential (PRU) 1,806.50p 1.06%
BT Group (BT.A) 290.55p 0.97%
Smiths Group (SMIN) 1,543.00p 0.92%
British Land Company (BLND) 608.00p 0.91%
Glencore (GLEN) 356.15p 0.91%
CRH (CRH) 2,670.00p 0.87%
FTSE 100 - Fallers
Randgold Resources Ltd. (RRS) 7,800.00p -1.45%
Provident Financial (PFG) 897.50p -0.99%
Fresnillo (FRES) 1,608.00p -0.80%
Johnson Matthey (JMAT) 2,776.00p -0.75%
Unilever (ULVR) 4,477.50p -0.48%
Centrica (CNA) 192.80p -0.36%
WPP (WPP) 1,417.00p -0.28%
AstraZeneca (AZN) 4,481.00p -0.23%
Worldpay Group (WPG) 416.80p -0.14%
National Grid (NG.) 961.00p -0.08%
FTSE 250 - Risers
FirstGroup (FGP) 118.10p 3.51%
Unite Group (UTG) 689.50p 3.45%
Ocado Group (OCDO) 299.50p 2.71%
JD Sports Fashion (JD.) 311.20p 2.60%
Intu Properties (INTU) 248.60p 2.01%
McCarthy & Stone (MCS) 166.90p 1.77%
Workspace Group (WKP) 886.00p 1.72%
Grafton Group Units (GFTU) 776.00p 1.64%
Mitchells & Butlers (MAB) 248.50p 1.59%
Tullow Oil (TLW) 155.50p 1.37%
FTSE 250 - Fallers
Acacia Mining (ACA) 210.40p -2.32%
Dunelm Group (DNLM) 588.00p -1.67%
Coats Group (COA) 78.00p -1.27%
John Laing Group (JLG) 291.30p -1.25%
PayPoint (PAY) 900.50p -0.77%
Polymetal International (POLY) 949.50p -0.68%
Softcat (SCT) 393.00p -0.51%
Just Group (JUST) 150.20p -0.40%
Bovis Homes Group (BVS) 1,044.00p -0.38% |
| | UK Event Calendar | | Wednesday August 30
INTERIMS
BATM Advanced Communications Ltd., Cathay International Holdings Ltd., HSS Hire Group , IFG Group, Petrofac Ltd., PJSC Megafon GDR (Reg S), PureTech Health , The Gym Group, Vimetco NV GDR (Reg S)
INTERIM DIVIDEND PAYMENT DATE
Jupiter Fund Management
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Climate Indicator (EU) (11:00)
Consumer Confidence (EU) (10:00)
Crude Oil Inventories (US) (15:30)
Economic Sentiment Indicator (EU) (11:00)
GDP (Preliminary) (US) (14:30)
Industrial Confidence (EU) (11:00)
MBA Mortgage Applications (US) (12:00)
Services Confidence (EU) (11:00)
EGMS
Zamano
AGMS
Aberdeen New Dawn Investment Trust, Collagen Solutions, Lindsell Train Inv Trust, Maven Income And Growth VCT 6 , New Trend Lifestyle Group, Ultimate Sports Group
TRADING ANNOUNCEMENTS
Diploma, WH Smith
UK ECONOMIC ANNOUNCEMENTS
Consumer Credit (09:30)
M4 Money Supply (09:30)
Mortgage Approvals (09:30)
Nationwide House Price Index (07:00)
|
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| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks higher as euro pulls back, risk-appetite recovers Stocks are moving higher with sentiment buoyed by US and Asian stocks' ability to brush off recent geopolitical events on the Korean peninsula and a move lower in the single currency.
As of 0813 BST, the benchmark Stoxx 600 was ahead by 0.60% or 2.21 points at 370.63, alongside a gain of 0.56% or 67.09 points to 12,013.06 for the Dax and a rise of 0.53% or 27.20 points in the Cac-40.
"In ordinary circumstances this might seem sensible, however the events of the last few weeks can hardly be described as ordinary, which suggests that markets could be being rather naïve that current events can be contained.
"Conducting missile tests are one thing but firing a missile over one of your closest neighbours is another, which suggests further twists and turns over the coming days. It is also clear that China's ability to rein in North Korea's young leader could be reaching its limits, as it warns that relations are now at a 'tipping point.' These events certainly increase the pressure on China to stop enabling the North Korean regime and to increase the economic pressure that only it can exert on its neighbour," said Michael Hewson, chief market analyst at CMC Markets.
In parallel, the euro was dipping by 0.23% to 1.1945 against the Greenback with some analysts pointing to 'overextended' long positions in the single currency ahead of the European Central Bank's next policy meeting as a reason why traders might not want to push the currency pair higher - at least not just yet.
Actng as a backdrop, on Wednesday strategists at Goldman Sachs reportedly told clients the US dollar was "very, very attractive".
Overnight, the United Nations Security Council issued a "strong" condemnation of Pyongang's latest missile test, on the day before, over Japanese skies. In parallel, Japan, the US and South Korea agreed that North Korea's latest move marked an escalation.
For its part, China also condemned the North's actions, although it did not appear to favour unilateral sanctions against the country.
The day before, North Korea attempted to justify its test by pointing at the ongoing miliatry manouevres between the US and South Korea.
In economic news, data published early on Wednesday showed that the year-on-year rate of consumer price gains in the German Land of Saxony accelerated to a 1.9% clip for August, up from 1.7% in July, below the 2.1% rise which economists at Barclays had forecast.
On the economic calendar for Wednesday, euro area industrial and consumer confidence data is due to be published at 1000 BST, followed by a reading on harmonised German CPI at 1100 BST.
Later in the day, the US ADP private jobs report for August is set for release at 1315 BST (consensus: 185,000) followed by a second reading on gross domestic product for the three months to June at 1330 BST.
RTL rose in early trading after the German broadcaster posted a 9% rise in second quarter revenues.
Negotiations over France's STX shipyards may become a part of a broader alliance between Paris and Rome in naval military construction, La Repubblica reported. |
| | Market Analysis 30/08/2017 TodayÂ's highlights: Global markets seen higher - Wall Street closes higher: Despite continuing tensions between the US and North Korea, the Dow Jones, Nasdaq and S&P 500 all closed in the green yesterday.
- Hurricane Harvey hits oil prices: The massive storm put one-fifth of oil refineries in the US out of comission, causing a dramatic drop in demand, subsequently causing oil prices to drop. The Crude Oil Inventories reports, to be released in the US at 12:30 GMT, could affect price further.
Read More... |
| | US Market Report | | US close: Markets turn higher amid Texas floods Wall Street's main market averages managed to shake off earlier jitters on Tuesday, sparked by news of a fresh missile test by Pyongyang which had boosted demand for safe-haven assets.
The Dow Jones Industrial Average finished up 0.26% at 21,865.37, the S&P 500 added 0.08% to 2,446.30 and the Nasdaq 100 was ahead 0.41% at 5,862.14.
"A ramp-up in tensions between North Korea and the US, South Korea and Japan overnight has raised geopolitical risk once again, with Kim Jong Un showing no signs of ceding to international pressures," said Oanda analyst Craig Erlam.
"The missile launch comes as no surprise given proximity to the annual military exercises between the US and South Korea, but the fact that the missile was shot over Northern Japan and prompted warning sirens encouraging people to take cover is a concern.
"The distressing impact of Hurricane Harvey in Houston is also weighing heavily on sentiment this morning. From a markets perspective, the uncertainty surrounding the cost and the economic implications of the storm is going to be a concern for investors, although it is difficult to look past the sheer devastation it has caused at the moment."
US President Donald Trump and Japanese Prime Minister Shinzo Abe vowed to pile more pressure on North Korea following the missile launch over Japan.
Abe said the launch was an "unprecedented and grave threat" to the country's security, while Trump said the US was "100% with Japan".
On the corporate front, athletics wear company Finish Line was under the cosh, sliding 18.43% after the sportshoe maker issued a profit warning late on Monday.
Best Buy was also lower, losing 11.93% after the company posted lower than expected second quarter earnings per share and sales.
Dow Jones - Risers
United Technologies Corp. (UTX) $118.70 2.92%
Boeing Co. (BA) $240.49 1.40%
Wal-Mart Stores Inc. (WMT) $78.80 0.95%
Apple Inc. (AAPL) $162.91 0.89%
Unitedhealth Group Inc. (UNH) $196.73 0.84%
Caterpillar Inc. (CAT) $115.98 0.82%
International Business Machines Corp. (IBM) $143.14 0.44%
Johnson & Johnson (JNJ) $132.21 0.36%
Microsoft Corp. (MSFT) $73.05 0.30%
Intel Corp. (INTC) $34.73 0.23%
Dow Jones - Fallers
Nike Inc. (NKE) $52.73 -1.86%
Home Depot Inc. (HD) $149.84 -1.02%
E.I. du Pont de Nemours and Co. (DD) $82.24 -0.77%
JP Morgan Chase & Co. (JPM) $91.09 -0.55%
Merck & Co. Inc. (MRK) $63.12 -0.32%
Verizon Communications Inc. (VZ) $48.51 -0.21%
Cisco Systems Inc. (CSCO) $31.48 -0.19%
McDonald's Corp. (MCD) $159.38 -0.18%
Travelers Company Inc. (TRV) $123.01 -0.18%
Goldman Sachs Group Inc. (GS) $219.95 -0.18%
S&P 500 - Risers
United Rentals Inc. (URI) $114.93 3.82%
United Technologies Corp. (UTX) $118.70 2.92%
Ryder System Inc. (R) $77.39 2.84%
Transocean Ltd. (RIG) $8.23 2.75%
United States Steel Corp. (X) $25.96 2.61%
Brown Forman Corp. Class B (BF.B) $51.20 2.32%
Frontier Communications Co. (FTR) $13.55 2.26%
Raytheon Co. (RTN) $182.11 2.17%
Rockwell Collins Inc. (COL) $130.74 2.15%
Alcoa Corporation (AA) $43.00 1.97%
S&P 500 - Fallers
Best Buy Co. Inc. (BBY) $55.02 -11.93%
Endo International Plc (ENDP) $8.72 -3.11%
Under Armour Inc. Class A (UAA) $16.43 -2.95%
Darden Restaurants Inc. (DRI) $82.76 -2.59%
Mattel Inc. (MAT) $16.11 -2.19%
GameStop Corp. (GME) $18.75 -2.09%
Marathon Petroleum Corporation (MPC) $51.43 -2.08%
Freeport-McMoRan Inc (FCX) $15.21 -2.06%
Urban Outfitters Inc. (URBN) $20.77 -1.98%
Universal Health Services Inc. (UHS) $106.93 -1.96%
Nasdaq 100 - Risers
Dish Network Corp. (DISH) $57.77 1.96%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $211.78 1.94%
Mondelez International Inc. (MDLZ) $41.89 1.43%
Gilead Sciences Inc. (GILD) $75.74 1.41%
Micron Technology Inc. (MU) $31.48 1.29%
Akamai Technologies Inc. (AKAM) $45.71 1.26%
JD.com, Inc. (JD) $40.84 1.21%
PACCAR Inc. (PCAR) $65.16 1.18%
Activision Blizzard Inc. (ATVI) $63.48 1.16%
Incyte Corp. (INCY) $124.97 1.16%
Nasdaq 100 - Fallers
Mattel Inc. (MAT) $16.11 -2.19%
Discovery Communications Inc. Class C (DISCK) $21.18 -1.58%
Discovery Communications Inc. Class A (DISCA) $22.45 -1.58%
Mylan Inc. (MYL) $30.50 -1.07%
Vodafone Group Plc ADS (VOD) $28.46 -0.87%
American Airlines Group (AAL) $44.56 -0.87%
Maxim Integrated Products Inc. (MXIM) $44.75 -0.86%
Kraft Heinz Co. (KHC) $81.44 -0.85%
Dollar Tree Inc (DLTR) $79.70 -0.85% |
| | 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 Number of Deals Sold |
| | Newspaper Round Up | | Wednesday newspaper round-up: Credit card lenders, Fox News, ASOS Credit card lenders appear to be targeting people struggling with unaffordable levels of debt, according to a new report calling on Britain's financial watchdog to intervene. Research from Citizens Advice finds almost one in five people struggling with debts have had their credit card limit raised without them requesting it. The charity has demanded the Financial Conduct Authority bans the practice, amid growing concerns over a boom in lending. - Guardian
Companies that have built NHS hospitals under the private finance initiative have made pre-tax profits of £831m over the past six years and are poised to make almost £1bn more over the next five years. Large sums that could have been used for patient care have instead gone into the pockets of a handful of PFI companies at a time when the health service is starved of funding, according to the Centre for Health and the Public Interest. - Guardian
The Government will reboot its industrial strategy today with a £160m injection into Britain's drugs sector, with a major vaccines lab to prepare the country for emergency epidemics among the first initiatives to get support. Business Secretary Greg Clark and Health Secretary Jeremy Hunt will unveil the funding allocation at a launch event at the University of Birmingham later today. - Telegraph
Rupert Murdoch has stopped broadcasting Fox News in the UK after 15 years, ahead of a government decision over whether to refer 21st Century Fox's planned takeover of Sky to competition regulators. 21st Century Fox, which is owned by Mr Murdoch, said it was withdrawing the channel from Sky as it was no longer in the company's "commercial interest" to continue broadcasting it in the UK. - Telegraph
Asos, the 17-year-old online retail upstart, is little more than £100 million short of overhauling the market value of Marks & Spencer in what is being called the UK high street's "Tesla moment". The Aim-listed internet-only fashion retailer was worth £4.93 billion yesterday compared with M&S's £5.05 billion, with analysts saying that it was just a matter of time before the 133-year-old high street giant loses its crown. Asos is threatening to shake up the old order in the same way that Tesla, the electric car company, did in April by overtaking General Motors to become America's most valuable carmaker. - The Times
Four years of falling shop prices are drawing to a close as inflation creeps back on to the high street as a result of the fall in the pound since the country voted for Brexit, according to the British Retail Consortium. Overall shop prices fell 0.3 per cent in August compared with last year but it was the equal closest that the index has come to inflation since November 2013. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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