Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Friday, 29 September 2017 20:31:09 Monitor Quote Charts News CFD's Compare Brokers Free BB   Bargain Blue Chips While many in the industry suggest that the stock market is 'overvalued', it may in fact represent the perfect time to consider stocks that are trading significantly below their 2017 highs. This report covers at 5 stocks that you should be looking at right now - covering the Oil, Banking, Pharmaceutical and Tobacco sectors. Losses can exceed deposits Download the report here London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Stocks finish week on front foot as data deluge dents pound London stocks finishing the week on the front foot as the pound lost ground after UK economic growth was revealed to have slowed to a four-year low in the second quarter and the current account deficit widened. The FTSE 100 closed up 0.68% or 49.94 points on the day to 7,372.76, 0.85% higher for the week, while the pound was down 0.4% versus the dollar at 1.3386 and 0.55% on the euro to 1.1342, with hawkish comments from Bank of England governor Mark Carney failing to lift the currency after the release of disappointing data. "We can see that in the coming months if the economy continues on this track it may be appropriate to raise interest rates," Carney told the BBC, though he was pretty much repeating recent comments. "If the economy continues on the track that it's been on, and all indications are that it is, in the relatively near term we can expect that interest rates will increase." Meanwhile, the latest figures from the Office for National Statistics showed gross domestic product for the second quarter of 2017 was up only 1.5% compared to the corresponding period last year, down from the initial estimate of 1.7% and the lowest annual growth in fourth years. However, the ONS said that compared to the first quarter of this year, the second quarter's growth remained at 0.3%, as expected. Within the second quarter there were encouraging signs, with quarterly growth in household spending revised up to 0.2% from 0.1%, and business investment to 0.5% from 0%. While the services sector was the only positive contribution to growth in the second quarter, the ONS revealed that the index of services decreased 0.2% during July, mostly from the transport, storage and communication sector. National accounts data from the ONS revealed the household saving ratio picked up to 5.4% in the second quarter, the highest since the third quarter of last year, while the ratio for the first quarter was revised to 3.8% from 1.7% as part of a methodology change that saw the household saving ratio revised up on average by 0.9 percentage points between 1997 and 2016. The current account deficit widened to 4.6% from 4.4% between the first and second quarter of 2017. IG analyst Joshua Mahony said: "The UK economy has been the focus of market attention today, as a hawkish Mark Carney, coupled with a negative revision to the Q2 GDP reading have made for a volatile morning for the pound. Carney has laid out in pretty unambiguous terms that a rate rise could not be far away, with markets now assigning a 76.5% likeliness to a November hike. "With elevated market expectations of a year-end BoE (81%) and Fed (67%) rate rise, along with the potential for an ECB taper, the fourth quart looks to be one which is dominated by monetary tightening." Market participants were also digesting the latest survey from GfK, with its consumer confidence index rising a point to -9, up from a negative balance of -10 in August and building on an upward shift of two points in July. Confidence in personal finances, current and future, slipped this month but retail sales in the UK continue to grow despite non-food prices increasing at their highest rate for 25 years, said GfK's head of market dynamics, Joe Staton. "Consumers appear to be in a mixed mood - with some confidence measures up and others down - yet there's a strong note of defiance," Staton said. Homeowners were mulling over the latest survey from Nationwide, which showed price growth in the UK remained broadly stable in September, but prices in London fell for the first time in eight years. The annual rate of house price growth remained broadly stable in September at 2.0%, compared with 2.1% in August, beating expectations for a 1.9% increase. However, London prices were down 0.6% year-on-year, making the capital the weakest performing region for the first time since 2005. On the month, UK house prices grew 0.2% compared with a 0.1% decline in August, beating expectations for a 0.1% gain. Among top stocks, global miners Anglo American and Antofagasta led the charge on FTSE 100, after industrial profits in China increased by their highest amount in four years as the government funded projects are keeping the economy moving. Only precious metals stocks like Randgold were out of favour in the sector. Insurer Beazley was on the front foot after saying early estimates of the net cost of Atlantic hurricanes Harvey, Irma and Maria and earthquakes in Mexico was $175m - $275m (£130m - £205m) and would cut 2017 earnings by about $150m. ITV was boosted by an upgrade to 'overweight' at Barclays, foreseeing positive things for the UK ad market in coming quarters - though not for WPP. Security technology group QinetiQ surged after it issued a short trading update before entering its closed period for the half year to 30 September, confirming trading was in line with expectations and the outlook for overall group performance this financial year was unchanged. Aviva advanced as it agreed to sell its stake in Italian joint venture Avipop Assicurazioni to Banco BPM for €265m (£233m) in cash, while Sanne rallied after entered into an agreement to buy Luxembourg Investment Solutions (LIS) and Compliance Partners for up to €100m. John Laing edged up after it announced a further wind farm investment in the state of Texas, and its third investment in the renewable energy sector in the US. Pennon and Laing were also in focus as they said the Greater Manchester agreement has now been signed. On the downside, Carillion shares tumbled after the construction and outsourcing group warned that full-year results would be below market forecasts as it posted a first-half loss of £1.2bn compared to a profit of £84m the year before. Sirius Minerals ended the session around flat despite saying it remains on time and on budget as it develops its massive Woodsmith polyhalite fertiliser mine under the Yorkshire Moors. 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 Market Movers FTSE 100 (UKX) 7,372.76 0.68% FTSE 250 (MCX) 19,874.82 1.00% techMARK (TASX) 3,489.56 0.88% FTSE 100 - Risers ITV (ITV) 174.70p 3.56% Anglo American (AAL) 1,339.50p 2.64% Antofagasta (ANTO) 949.00p 2.21% Persimmon (PSN) 2,582.00p 2.10% CRH (CRH) 2,837.00p 1.90% Informa (INF) 672.00p 1.90% Paddy Power Betfair (PPB) 7,435.00p 1.85% Kingfisher (KGF) 298.50p 1.77% Vodafone Group (VOD) 208.80p 1.73% Whitbread (WTB) 3,766.00p 1.70% FTSE 100 - Fallers Hargreaves Lansdown (HL.) 1,480.00p -1.14% Babcock International Group (BAB) 827.50p -0.72% Randgold Resources Ltd. (RRS) 7,315.00p -0.48% Smurfit Kappa Group (SKG) 2,330.00p -0.38% 3i Group (III) 913.00p -0.38% Ashtead Group (AHT) 1,799.00p -0.22% International Consolidated Airlines Group SA (CDI) (IAG) 593.50p -0.17% Experian (EXPN) 1,499.00p -0.13% Morrison (Wm) Supermarkets (MRW) 234.10p -0.09% Marks & Spencer Group (MKS) 352.20p -0.09% FTSE 250 - Risers Equiniti Group (EQN) 301.20p 6.91% Syncona Limited NPV (SYNC) 189.00p 6.00% Kaz Minerals (KAZ) 773.50p 5.81% QinetiQ Group (QQ.) 246.90p 5.78% Crest Nicholson Holdings (CRST) 553.00p 5.43% Rank Group (RNK) 222.00p 5.41% IP Group (IPO) 137.20p 5.38% Provident Financial (PFG) 830.50p 5.19% Card Factory (CARD) 306.80p 4.82% Sanne Group (SNN) 796.00p 4.74% FTSE 250 - Fallers Hunting (HTG) 473.80p -2.11% Petrofac Ltd. (PFC) 450.00p -1.96% Serco Group (SRP) 115.30p -1.45% Pets at Home Group (PETS) 213.70p -1.43% Tullow Oil (TLW) 186.10p -1.38% WH Smith (SMWH) 2,021.00p -1.17% Rotork (ROR) 260.40p -1.06% Moneysupermarket.com Group (MONY) 318.00p -1.03% GCP Infrastructure Investments Ltd (GCP) 126.30p -1.02% Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 IRV Interserve plc 2.19 2 88E 88 Energy Ltd 1.76 3 SMT Scottish Mortgage Investment Trust 1.71 4 UKOG UK Oil & Gas Investments plc 1.58 5 FRR Frontera Resources Corp 1.42 6 IQE IQE plc 1.41 7 GSK GlaxoSmithKline plc 1.39 8 SXX Sirius Minerals plc 1.23 9 LLOY Lloyds Banking Group plc 1.19 10 PURP PurpleBricks Group plc 1.07 Number of Deals Sold Place EPIC Equity name % 1 IRV Interserve plc 2.53 2 LLOY Lloyds Banking Group plc 2.47 3 88E 88 Energy Ltd 2.04 4 FRR Frontera Resources Corp 1.33 5 IQE IQE plc 1.32 6 UKOG UK Oil & Gas Investments plc 1.26 7 PURP PurpleBricks Group plc 1.07 8 BP. BP Plc 1.03 9 RDSB Royal Dutch Shell Plc B Shares 1.02 10 TLW Tullow Oil plc 0.94 Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Moderate gains across the Continent European shares closed higher on Friday with stocks tracking the more positive sentiment seen in the Asian and US sessions. All of Europe's main indices finished the session in the black, with the FTSE 100 up by 0.68% or 49.94 points to 7,372.76 while the Dax advanced 0.98% or 124.21 points to end at 12,828.86. In parallel, the Cac-40 was higher by 0.68% or 36.04 points to 5,329.81 with the FTSE Mibtel ahead by 0.48% or 108.65 points to 22,696.32. US equity markets closed mostly positive overnight as investors continued to digest President Trump's framework for tax reform. The main focus for the Eurozone region on Friday was the 'flash' consumer price inflation figure for September, with the headline rate steady at 1.5%, against forecasts for a rise of 1.6%. At the 'core' level, CPI slipped from 1.2% to 1.1% instead of remaining unchanged as expected. Crude Oil prices came off their earlier lows, finishing the session up by 0.04% at $57.43 a barrel on the ICE. In France, inflation was up slightly to 1% in September after a 0.9% rise in August. Consumer spending in the country fell an unexpected 0.3% on month, the national statistic agency Insee said. Investors were also looking ahead to events in Spain where the illegal referendum on Catalonian independence was due to take place on sunday. "The potential impact would be on the country's bonds unless the county's PM manages to stop the vote. The Spanish equity markets had outperformed the European peers so far this year but the recent illegal referendum situation has taken the toll on the IBEX index," said Naeem Islam at Think Markets. Ipek Ozkardeskaya at LCG said a vote in favour of independence could weigh on the European integrity sentiment and hit the euro at next week's open. "In addition, the government's reaction is important. Protests, a heavy-handed police intervention and political unrest could affect the euro-appetite in the aftermath of the Sunday's referendum. On the other hand, a no vote should give a better colour to the single currency. Given the light risk pricing across the euro markets, the rally could remain short-lived," she said. In corporate news, QinetiQ said trading had been in line with expectations, and the outlook for overall group performance for the financial year remained unchanged.   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

Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Friday, 29 September 2017 10:25:56 Monitor Quote Charts News CFD's Compare Brokers Free BB   Bargain Blue Chips While many in the industry suggest that the stock market is 'overvalued', it may in fact represent the perfect time to consider stocks that are trading significantly below their 2017 highs. This report covers at 5 stocks that you should be looking at right now - covering the Oil, Banking, Pharmaceutical and Tobacco sectors. Losses can exceed deposits Download the report here 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 ahead of data avalanche London stocks edged higher in early trade on Friday as investors awaited a deluge of data releases, including the final reading of second-quarter UK GDP. At 0830 BST, the FTSE 100 was up 0.2% to 7,340.32, while the pound was down 0.3% versus the dollar at 1.3400. The final reading of second-quarter gross domestic product, mortgage approvals, consumer credit, net lending and M4 money supply are due at 0930 BST. A final reading on UK GDP for the second quarter is forecast to remain unchanged at a flaccid 0.3%, while the second quarter current account deficit is set to come in at £15.8bn, an improvement on the £16.9bn from the first. "The UK is the site of the most intriguing figures this morning," said Spreadex analyst Connor Campbell. "The potentially varying quality of this data, alongside the mixed Brexit messages from David Davis and Michel Barnier yesterday, and news that London house prices have fallen for the first time since 2009, dragged the pound lower after the bell." Market participants were also digesting the latest survey from GfK, with its consumer confidence index rising a point to -9, up from a negative balance of -10 in August and building on an upward shift of two points in July. Confidence in personal finances, current and future, slipped this month but retail sales in the UK continue to grow despite non-food prices increasing at their highest rate for 25 years, said GfK's head of market dynamics, Joe Staton. "Consumers appear to be in a mixed mood - with some confidence measures up and others down - yet there's a strong note of defiance," Staton said. Homeowners were more focused on the data from Nationwide, which showed price growth in the UK remained broadly stable in September, but prices in London fell for the first time in eight years. The annual rate of house price growth remained broadly stable in September at 2.0%, compared with 2.1% in August, beating expectations for a 1.9% increase. However, London prices were down 0.6% year-on-year, making the capital the weakest performing region for the first time since 2005. On the month, UK house prices grew 0.2% compared with a 0.1% decline in August, beating expectations for a 0.1% gain. Nationwide's chief economist, Robert Gardner, said: "Housing market activity, as measured by the number of housing transactions and mortgage approvals, has strengthened a little in recent months, though remains relatively subdued by historic standards. In corporate news, insurer Beazley was on the front foot despite warning that early estimates of the net cost of Atlantic hurricanes Harvey, Irma and Maria and earthquakes in Mexico was $175m - $275m (£130m - £205m) and would cut 2017 earnings by about $150m. QinetiQ surged after it issued a short trading update before entering its closed period for the half year to 30 September, confirming trading was in line with expectations and the outlook for overall group performance this financial year was unchanged. Aviva advanced as it agreed to sell its stake in Italian joint venture Avipop Assicurazioni to Banco BPM for €265m (£233m) in cash. Sanne rallied after entered into an agreement to buy Luxembourg Investment Solutions (LIS) and Compliance Partners for up to €100m. John Laing edged up after it announced a further wind farm investment in the state of Texas, and its third investment in the renewable energy sector in the US. Pennon and Laing were also in focus as they said the completion of the Greater Manchester waste agreement has now been finalised. On the downside, Carillion shares tumbled after the construction and outsourcing group warned that full-year results would be below market forecasts as it posted a first-half loss of £1.15bn compared to a profit of £84m the year before. Sirius Minerals retreated despite saying it remains on time and on budget as it develops its massive Woodsmith polyhalite fertiliser mine under the Yorkshire Moors. In broker note action, ITV was boosted by an upgrade to 'overweight' at Barclays, but Countryside Properties was hit by a downgrade to 'neutral' from 'overweight' at JPMorgan Cazenove. 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 Market Movers FTSE 100 (UKX) 7,340.32 0.24% FTSE 250 (MCX) 19,708.78 0.15% techMARK (TASX) 3,468.70 0.27% FTSE 100 - Risers ITV (ITV) 172.60p 2.31% Glencore (GLEN) 344.40p 1.62% Antofagasta (ANTO) 942.00p 1.45% Anglo American (AAL) 1,322.00p 1.30% Persimmon (PSN) 2,557.00p 1.11% Rio Tinto (RIO) 3,454.50p 1.10% easyJet (EZJ) 1,214.00p 1.08% BHP Billiton (BLT) 1,318.00p 0.96% Direct Line Insurance Group (DLG) 364.50p 0.86% Burberry Group (BRBY) 1,747.00p 0.81% FTSE 100 - Fallers Hargreaves Lansdown (HL.) 1,461.00p -2.40% Micro Focus International (MCRO) 2,370.00p -0.75% Standard Chartered (STAN) 734.60p -0.61% Next (NXT) 5,230.00p -0.48% Royal Bank of Scotland Group (RBS) 265.20p -0.45% International Consolidated Airlines Group SA (CDI) (IAG) 592.50p -0.34% Pearson (PSON) 604.00p -0.33% Centrica (CNA) 186.50p -0.27% Shire Plc (SHP) 3,769.00p -0.24% Lloyds Banking Group (LLOY) 67.09p -0.19% FTSE 250 - Risers QinetiQ Group (QQ.) 253.90p 8.78% Kaz Minerals (KAZ) 750.50p 2.67% Redrow (RDW) 592.00p 2.42% Big Yellow Group (BYG) 766.50p 2.34% Hochschild Mining (HOC) 223.80p 1.91% Bovis Homes Group (BVS) 1,090.00p 1.87% Centamin (DI) (CEY) 141.20p 1.73% Galliford Try (GFRD) 1,333.00p 1.60% Vedanta Resources (VED) 859.50p 1.54% ZPG Plc (ZPG) 364.40p 1.45% FTSE 250 - Fallers Countryside Properties (CSP) 333.50p -2.34% Jardine Lloyd Thompson Group (JLT) 1,178.00p -2.32% IP Group (IPO) 127.40p -2.15% Ted Baker (TED) 2,576.00p -1.90% Computacenter (CCC) 960.50p -1.84% Polypipe Group (PLP) 412.40p -1.65% Inmarsat (ISAT) 630.50p -1.18% Sirius Minerals (SXX) 25.25p -1.02% Spire Healthcare Group (SPI) 223.10p -0.62% UK Event Calendar Friday September 29 INTERIMS Styles & Wood Group, Zegona Communications INTERIM DIVIDEND PAYMENT DATE Aberdeen Emerging Markets Investment Company, Arbuthnot Banking Group, Ascential, British Smaller Companies VCT 2, Capital & Counties Properties , Centamin (DI), CLS Holdings, Elderstreet VCT, Elementis, F&C UK Real Estate Investments Limited, Foresight VCT, Global Ports Holding, Juridica Investments Ltd., Meggitt, Millennium & Copthorne Hotels, Octopus AIM VCT 2, Polymetal International, Rights & Issues Inv Trust Income Shares, Secure Trust Bank, SEGRO, St James's Place, The Gym Group, Trinity Mirror QUARTERLY PAYMENT DATE HICL Infrastructure Company Ltd, Honeycomb Investment Trust, NextEnergy Solar Fund Limited Red, Premier Energy & Water Trust, The Renewables Infrastructure Group Limited INTERNATIONAL ECONOMIC ANNOUNCEMENTS Chicago PMI (US) (14:45) Import Price Index (GER) (07:00) Personal Consumption Expenditures (US) (13:30) Personal Income (US) (13:30) Personal Spending (US) (13:30) U. of Michigan Confidence (US) (15:00) FINALS CVS Group EGMS Novolipetsk Steel GDS (Reg S), Starwood European Real Estate Finance Ltd AGMS IMImobile , KSK Power Ventur, Legendary Investments, OPG Power Ventures, Purplebricks Group, Torotrak, Trafalgar New Homes, Vale International Group Ltd (DI) TRADING ANNOUNCEMENTS Purplebricks Group UK ECONOMIC ANNOUNCEMENTS Consumer Credit (09:30) Index of Services (09:30) M4 Money Supply (09:30) Mortgage Approvals (09:30) FINAL DIVIDEND PAYMENT DATE Auto Trader Group , BCA Marketplace, Clipper Logistics , Downing Four VCT DP67 , Downing Four VCT DSO 'D' Shs, Filta Group Holdings, First Property Group, NCC Group, Safeland, Van Elle Holdings   Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 IRV Interserve plc 2.19 2 88E 88 Energy Ltd 1.76 3 SMT Scottish Mortgage Investment Trust 1.71 4 UKOG UK Oil & Gas Investments plc 1.58 5 FRR Frontera Resources Corp 1.42 6 IQE IQE plc 1.41 7 GSK GlaxoSmithKline plc 1.39 8 SXX Sirius Minerals plc 1.23 9 LLOY Lloyds Banking Group plc 1.19 10 PURP PurpleBricks Group plc 1.07 Number of Deals Sold Place EPIC Equity name % 1 IRV Interserve plc 2.53 2 LLOY Lloyds Banking Group plc 2.47 3 88E 88 Energy Ltd 2.04 4 FRR Frontera Resources Corp 1.33 5 IQE IQE plc 1.32 6 UKOG UK Oil & Gas Investments plc 1.26 7 PURP PurpleBricks Group plc 1.07 8 BP. BP Plc 1.03 9 RDSB Royal Dutch Shell Plc B Shares 1.02 10 TLW Tullow Oil plc 0.94 Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Markets extend gains as investors take cues from Asia, US European shares opened higher on Friday as investors followed the positive sentiment in Asia and the US. The UK's FTSE 100, Germany's Dax and France's CAC-40 were all in positive territory after record gains on Wall Street. US equity markets closed mostly positive overnight as investors continued to digest President Trump's framework for tax reform. The main focus for the eurozone region on Friday was the flash inflation figure for September, with analysts forecasting a rise from 1.5% to 1.6% month-on-month; if accurate, that could see the euro's gains against the pound joined by some growth against the dollar, said Connor Campbell at Spreadex. Crude Oil prices were still under pressure after three straight days of falls as Brent and US crude prices were subject to profit taking. Gold was steady, having traded off Thursday's one-month low as the US dollar retreated from five-week highs. "While it has retreated from its overnight highs of $1289, the precious metal is holding above support at $1284," said analysts at Accendo Markets. In France, inflation was up slightly to 1% in September after a 0.9% rise in August. Consumer spending in the country fell an unexpected 0.3% on month, the national statistic agency Insee said. Investors were also looking ahead to events in Spain where the illegal referendum on Catalonian independence was due to take place. "The potential impact would be on the country's bonds unless the county's PM manages to stop the vote. The Spanish equity markets had outperformed the European peers so far this year but the recent illegal referendum situation has taken the toll on the IBEX index," said Naeem Islam at Thinkmarkets. Ipek Ozkardeskaya at LCG said a vote in favour of independence could weigh on the European integrity sentiment and hit the euro at next week's open. "In addition, the government's reaction is important. Protests, a heavy-handed police intervention and political unrest could affect the euro-appetite in the aftermath of the Sunday's referendum. On the other hand, a no vote should give a better colour to the single currency. Given the light risk pricing across the euro markets, the rally could remain short-lived," she said. In corporate news, QinetiQ said trading had been in line with expectations, and the outlook for overall group performance for the financial year remained unchanged. US Market Report US close: Markets make mild gains amid continued tax chat Markets in the US made mild gains on Thursday, with the Trump administration's proposed tax reforms still giving investors a bit of an appetite a day after they were revealed. The Dow Jones Industrial Average finished up 0.18% at 22,381.20, the S&P 500 added 0.12% to 2,510.06 and the Nasdaq Composite was flat at 6,453.45. Republicans revealed their proposed tax reforms on Wednesday, with corporate tax set to be cut to 20% from 35%, and the top personal federal tax rate to be lowered to 35%. Not everyone on the Street was placing their bets on whether the reforms would be pushed through in any sort of timely manner, however, given the President's troubles with immigration and healthcare legislation thus far. "We shall wait and see how Trump's plans evolve into legislation," noted Deutsche Bank strategist Jim Reid. "Our US team's early take is that they see a prospect of some reforms occurring at the corporate level - particularly for small corporates - but the potential for substantive reform of personal tax is much lower." On the economic front, jobless claims were up 12,000 in the last week according to fresh data, although it was largely seen as a spike in the wake of Hurricanes Harvey and Irma. The two storms have left parts of Texas and Florida devastated. Second quarter economic growth was also revised, up to 3.1% from 3% during the session. On the corporate front, McDonald's Corporation led the blue-chips on the Dow, rising 2.23%, while Eastman Chemical Company was the leader on the S&P benchmark, finishing 2.99% ahead. Streaming device maker Roku, which sells smart television gadgets, rocketed ahead 67.86% in its debut after its IPO was priced at $14 on Wednesday. Ailing mobile technology company BlackBerry was up 13.43%, after it surprised investors by beating revenue and earnings forecasts. Exa Corporation was up 42.57%, after French software maker Dassault Systemes announced it was acquiring the simulation developer in a $400m cash deal. Dow Jones - Risers McDonald's Corp. (MCD) $157.49 2.23% Exxon Mobil Corp. (XOM) $82.20 0.93% Home Depot Inc. (HD) $162.35 0.89% Unitedhealth Group Inc. (UNH) $196.10 0.83% Intel Corp. (INTC) $37.83 0.77% American Express Co. (AXP) $90.14 0.73% Visa Inc. (V) $104.58 0.66% Coca-Cola Co. (KO) $44.89 0.60% Caterpillar Inc. (CAT) $125.20 0.57% Pfizer Inc. (PFE) $35.60 0.42% Dow Jones - Fallers Walt Disney Co. (DIS) $98.04 -1.20% United Technologies Corp. (UTX) $115.84 -1.14% Apple Inc. (AAPL) $153.28 -0.62% General Electric Co. (GE) $24.23 -0.53% Merck & Co. Inc. (MRK) $64.27 -0.43% Wal-Mart Stores Inc. (WMT) $78.90 -0.43% Boeing Co. (BA) $254.27 -0.40% Cisco Systems Inc. (CSCO) $33.35 -0.39% Johnson & Johnson (JNJ) $129.41 -0.22% Verizon Communications Inc. (VZ) $49.40 -0.20% S&P 500 - Risers McCormick & Co. (MKC) $101.63 5.39% AbbVie Inc (ABBV) $88.95 4.97% Applied Materials Inc. (AMAT) $50.62 3.64% Owens-Illinois Inc. (OI) $25.22 3.28% Freeport-McMoRan Inc (FCX) $14.42 3.00% Eastman Chemical Co. (EMN) $89.96 2.99% XL Group Ltd (XL) $39.10 2.95% Abbott Laboratories (ABT) $53.63 2.86% GGP Inc (GGP) $21.28 2.80% Micron Technology Inc. (MU) $37.96 2.35% S&P 500 - Fallers Endo International Plc (ENDP) $8.15 -9.85% Navient Corporation (NAVI) $14.92 -3.93% TripAdvisor Inc. (TRIP) $40.46 -3.53% Gilead Sciences Inc. (GILD) $80.91 -3.52% Range Resources Corp. (RRC) $19.72 -3.38% Mylan Inc. (MYL) $30.86 -3.35% Twenty-First Century Fox Inc Class B (FOX) $26.01 -2.84% Twenty-First Century Fox Inc Class A (FOXA) $26.56 -2.78% Hanesbrands Inc. (HBI) $24.50 -2.78% Interpublic Group of Companies Inc. (IPG) $20.68 -2.78% Nasdaq 100 - Risers Applied Materials Inc. (AMAT) $50.62 3.64% Incyte Corp. (INCY) $113.14 2.57% Micron Technology Inc. (MU) $37.96 2.35% Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $53.65 1.55% Marriott International - Class A (MAR) $110.00 1.51% American Airlines Group (AAL) $47.49 1.37% Lam Research Corp. (LRCX) $181.82 1.35% Monster Beverage Corp (MNST) $55.48 1.09% Broadcom Limited (AVGO) $242.94 0.98% Ctrip.Com International Ltd. Ads (CTRP) $52.82 0.96% Nasdaq 100 - Fallers Gilead Sciences Inc. (GILD) $80.91 -3.52% Mylan Inc. (MYL) $30.86 -3.35% Liberty Interactive Corporation QVC Group (QVCA) $23.37 -3.31% Twenty-First Century Fox Inc Class B (FOX) $26.01 -2.84% Twenty-First Century Fox Inc Class A (FOXA) $26.56 -2.78% JD.com, Inc. (JD) $38.65 -2.67% Liberty Global plc Series A (LBTYA) $33.17 -2.56% Liberty Global plc Series C (LBTYK) $32.05 -2.49% Western Digital Corp. (WDC) $86.71 -2.27% Newspaper Round Up Friday newspaper round-up: Business confidence, Brexit, chicken scandal, BT Business confidence is rising but still at its second-lowest level this year, according to the latest survey from Lloyds Bank's business barometer. Britain's biggest high street lender said that the reading rose by six points this month to 23 per cent. Economic confidence among businesses surveyed rose by 7 points to 12 per cent, though this was also at the second-lowest level this year. - The Times Consumers have defied expectations that their economic confidence would falter and cause a slowdown in spending, according to figures released today. The GfK consumer confidence index rose a point to -9, up from a negative balance of -10 in August and building on an upward shift of two points in July. - Telegraph The Brexit negotiations could be in a stalemate for months unless the UK agrees to honour all its financial commitments, the EU's chief negotiator has suggested at the end of the latest round of talks. A "new dynamic" had been created by Theresa May's speech in Florence last week, Michel Barnier said during a press conference with the Brexit secretary, David Davis. - Guardian The largest supplier of chicken to UK supermarkets has been tampering with food safety records in moves that could dupe consumers into buying meat past its use-by date. An investigation by the Guardian and ITV News recorded undercover footage of workers altering the slaughter date of poultry being processed at a 2 Sisters Food Group plant. The group produces a third of all poultry products eaten in the UK and supplies top grocers including Tesco, Sainsbury's, Marks & Spencer, Aldi and Lidl. - Guardian Tensions between the United States and North Korea are now so high that war is "a real possibility" that Britain must prepare for, a respected defence think tank has warned. Such a conflict would result in "hundreds of thousands" of casualties, severely disrupt the global economy, and have profound implications for the political and diplomatic landscape of East Asia, the report for the Royal United Services Institute said. - Telegraph The end to almost fifty years of Brussels protectionism this weekend is set to shake up Britain's sugar industry - with the potential for boom or bust for producers. But there's a sweetener for consumers, as prices are expected to fall. The European Union is abolishing its system of quotas and minimum pricing for sugar from Sunday 1 October, in one of the biggest changes for British agriculture in recent years that sugar beet growers and AB Foods' refiner British Sugar expect to allow them to increase production by 50% annually. - Guardian Ryanair has been ordered to tell hundreds of thousands of passengers how it proposes to provide alternatives to cancelled flights by 5pm on Friday. As criticism of the Ryanair's treatment of affected passengers intensified, the aviation regulator told the Irish airline to explain how it will reroute passengers and email all those affected by Wednesday to explain their options. - Guardian BT could be forced to stump up an extra £2 billion over the next two years to reduce its growing pension deficit, posing a cashflow problem for the telecom group, a leading credit rating agency has warned. Moody's said that the extra cash needed to plug the gap in its pension fund - Britain's largest private sector scheme - would have a negative impact on the group's overall credit rating, which has already been cut repeatedly. - The Times The future of Ford's Bridgend plant has been thrown into further doubt after luxury car maker Jaguar Land Rover revealed it was bringing forward the end of a contract to produce engines at the Welsh site. JLR, the UK's biggest car producer, will terminate its contract with Ford "slightly earlier than expected" in 2020, the US car giant said. It is thought the deal will now end in September 2020, as opposed to December of that year. - Telegraph The Government's flagship welfare reforms have been thrown into jeopardy after 12 Conservative MPs wrote a private letter to the Work and Pensions Secretary demanding a pause in the roll-out of Universal Credit. The Telegraph understands that the 12 MPs, led by Heidi Allen, have warned David Gauke not to go ahead with a planned tenfold increase in the roll-out of Universal Credit. Brompton has recalled three years' worth of fold-up bikes due to faulty brackets, an issue its chief executive said he has been aware of for three months, but one which he called a "hassle, a pain". The manufacturer said it was recalling all of its bikes that were made between April 2014 and May 2017, totalling 144,000 bikes. - Telegraph Wood burning is set to be banned in some urban areas to reduce air pollution under proposed restrictions that would be the strongest in Europe. Sadiq Khan, the mayor of London, is seeking powers to prohibit all burning of wood in parts of the capital with poor air quality. He also wants tighter curbs on wood-burning stoves, with only low- emission versions allowed to stay on sale. - The Times   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

Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Thursday, 28 September 2017 19:21:22 Monitor Quote Charts News CFD's Compare Brokers Free BB   Bargain Blue Chips While many in the industry suggest that the stock market is 'overvalued', it may in fact represent the perfect time to consider stocks that are trading significantly below their 2017 highs. This report covers at 5 stocks that you should be looking at right now - covering the Oil, Banking, Pharmaceutical and Tobacco sectors. Losses can exceed deposits Download the report here London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: FTSE higher despite Brexit comments from Carney London stocks were hovering around the flatline by the close on Thursday, failing to make any significant headway as the pound popped higher following a brief dip in the wake of dovish comments from Bank of England governor Mark Carney. The FTSE 100 was relatively flat at 7,322.82, up 0.13% while the pound was up 0.45% at 1.3446 against the dollar, having slipped earlier as Carney dropped no further hints that interest rates were about to rise. European markets were slightly mixed with the DAX closing 0.37% higher to 12,704.65, the CAC 40 0.22% firmer at 5,293.77 and the IBEX 35 0.46% lower to 10,320.70. Speaking at the opening of a two-day conference to mark 20 years of independence for the BoE, he said Brexit will lead to weaker real income growth, while the prosperity of the UK will depend on the final Brexit agreement. Meanwhile, Theresa May used her speech to defend free market capitalism and reiterate her determination to be tough on public spending in the face of growing pressure to ease austerity. Spreadex analyst Connor Campbell said: "Speeches from Mark Carney and Theresa May did little to improve things for either the index or the currency, with the biggest (and gloomiest) takeaway arguably being the former stating that the Bank of England 'cannot prevent the weaker real income growth' that is likely to accompany Brexit." Investors were also digesting Trump's new tax plans, announced late on Wednesday, which would see corporate tax cut to 20% from 35% and create just three tax bands of personal tax at 12%, 25% and 35% instead of the current seven, with a recommended surcharge on the very wealthy. On the corporate front, shares in Imperial Brands were in the red as the cigarette manufacturer confirmed it was in talks to help rescue UK tobacco supplier Palmer & Harvey, and said it expected to deliver strong growth in full year revenues and earnings at actual currency rates. Tour operator Tui retreated after it reiterated guidance for at least 10% growth in underlying earnings for fiscal 2017, while shares in RPC Group climbed after the company said first-half revenue was anticipated to be well ahead of expectations. CRH was the standout gainer, boosted by Trump's new tax plans, with analysts pointing out that it derives a large chunk of its revenue from the US. The building materials company was also lifted by a note from HSBC, which reiterated its 'buy' rating on all the global cement majors, saying it favours US-exposed stocks such as CRH. Euromoney turned lower despite saying that overall trading since its last update has been in line. Stagecoach was on the front foot after the transport operator reaffirmed its earnings expectations for the year, while SSP gained as it said it expects to see an 11.4% jump in full-year revenues. Synthomer advanced following the acquisition of BASF's Austrian styrene butadiene rubber business for €30m. In broker note action, RBS was hit by a downgrade to 'sell' at Investec, while TalkTalk fell as Credit Suisse cut the stock to 'underperform'. HSBC cut its price target on Restaurant Group to 265p from 300p saying the company's interim update outlined "the long road ahead". Balfour Beatty was boosted by an upgrade to 'buy' at Peel Hunt, while Cineworld gained after an upgrade to 'buy' at Panmure Gordon and UBM was upgraded by Barclays. Hargreaves Lansdown, Kier Group, Hansteen and IG Group were all weaker as their stock went ex-dividend. 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 Market Movers FTSE 100 (UKX) 7,319.53 0.08% FTSE 250 (MCX) 19,665.88 0.49% techMARK (TASX) 3,457.64 0.38% FTSE 100 - Risers CRH (CRH) 2,784.00p 2.92% Ferguson (FERG) 4,898.00p 2.79% Rolls-Royce Holdings (RR.) 884.00p 2.61% Ashtead Group (AHT) 1,803.00p 2.39% InterContinental Hotels Group (IHG) 3,933.00p 2.21% Smiths Group (SMIN) 1,568.00p 1.82% Aviva (AV.) 509.50p 1.80% Intertek Group (ITRK) 4,955.00p 1.70% Smith & Nephew (SN.) 1,330.00p 1.68% Berkeley Group Holdings (The) (BKG) 3,674.00p 1.66% FTSE 100 - Fallers Land Securities Group (LAND) 967.50p -6.44% Imperial Brands (IMB) 3,172.00p -4.02% easyJet (EZJ) 1,201.00p -1.80% Carnival (CCL) 4,730.00p -1.72% Burberry Group (BRBY) 1,733.00p -1.65% Royal Bank of Scotland Group (RBS) 266.40p -1.62% Micro Focus International (MCRO) 2,388.00p -1.61% Vodafone Group (VOD) 205.25p -1.44% Smurfit Kappa Group (SKG) 2,341.00p -1.18% British American Tobacco (BATS) 4,650.00p -1.16% FTSE 250 - Risers SSP Group (SSPG) 530.50p 5.99% Balfour Beatty (BBY) 271.90p 5.63% Card Factory (CARD) 293.00p 5.21% IP Group (IPO) 130.60p 4.40% RPC Group (RPC) 978.00p 4.04% Thomas Cook Group (TCG) 118.00p 3.69% QinetiQ Group (QQ.) 233.40p 3.46% Hunting (HTG) 484.00p 2.98% Fidessa Group (FDSA) 2,235.00p 2.76% IWG (IWG) 304.50p 2.70% FTSE 250 - Fallers Greencoat UK Wind (UKW) 121.30p -3.42% Greene King (GNK) 549.00p -2.66% Tullow Oil (TLW) 188.70p -2.53% Ascential (ASCL) 347.00p -2.50% International Public Partnerships Ltd. (INPP) 158.80p -2.46% Polymetal International (POLY) 823.50p -2.20% Restaurant Group (RTN) 297.70p -2.10% Acacia Mining (ACA) 188.10p -1.98% Rank Group (RNK) 213.90p -1.97% Market Analysis 28/09/2017 Today's highlights: Trump's tax plan lifts global markets Wall Street closes higher: After four days of losses, the Dow Jones closed in the green yesterday, joined by the S&P 500 and the Nasdaq. All three indices closed within 0.5% of their all-time highs. The gains in American markets are attributed to the US government's proposed tax plan, which includes tax cuts for major corporations. Asia seen mixed: The positive trend on Wall Street failed to carry over to Asia, as some indices, such as the China50, were seen lower. At the same time, other indices, such as the Nikkei, were trading higher. Read More... Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks finish on mixed note European stocks ended the session on a mixed note as investors digested US President Donald Trump's latest tax plans and growing signs that the Eurozone recovery may be gathering pace. By the closing bell, the DAX was 0.37% or 47.24 points higher to 12,704.65 alongside a CAC-40 up by 0.22% or 11.81 points at 5,293.77 although the FTSE Mibtel drifted lower, falling 0.15% or 34.52 points to 22,587.67. Spain's Ibex 35 also ended in the red, losing 0.39% or 40.40 points to close at 10,328.50. In London, stocks finished marginally higher on Thursday, failing to make any headway even as the pound popped higher following a brief dip in the wake of dovish comments from Bank of England governor Mark Carney. European stocks were boosted by news that the eurozone's economic sentiment index (ESI) rose to 113.0 in September from 111.9 in August with the last three months' average for the ESI reaching 112.1, the highest level since 2007. The Greek ESI was up +1.6 to 100.6 - the first time it had moved beyond 100 since the end of 2014. Analysts at Berenberg said Greece seemed to profit from the much reduced risk of a 'Grexit' after the conclusion of the second review of its EU bailout in June and a very strong tourism season. Commenting on the market backdrop, CMC Markets UK's David Madden said: "European equity markets are largely in positive territory going into the close today, but weak volatility has led to narrow trading ranges. The positive moves that stock markets have made in the recent weeks are being slowly built upon, but optimism isn't particularly high.2 On the corporate front, stock in Swedish fashion chain H&M fell as it reported a 20% fall in net third-quarter profits and warned that online shopping was hitting sales at its stores. The retailer had been forced to discount its summer collection in an effort to lift revenues. In London, shares of Imperial Brands were in the red as the cigarette manufactuer confirmed it was in talks to help rescue UK tobacco supplier Palmer & Harvey and said it expected to deliver strong growth in full year revenues and earnings at actual currency rates. Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 IRV Interserve plc 2.19 2 88E 88 Energy Ltd 1.76 3 SMT Scottish Mortgage Investment Trust 1.71 4 UKOG UK Oil & Gas Investments plc 1.58 5 FRR Frontera Resources Corp 1.42 6 IQE IQE plc 1.41 7 GSK GlaxoSmithKline plc 1.39 8 SXX Sirius Minerals plc 1.23 9 LLOY Lloyds Banking Group plc 1.19 10 PURP PurpleBricks Group plc 1.07 Number of Deals Sold Place EPIC Equity name % 1 IRV Interserve plc 2.53 2 LLOY Lloyds Banking Group plc 2.47 3 88E 88 Energy Ltd 2.04 4 FRR Frontera Resources Corp 1.33 5 IQE IQE plc 1.32 6 UKOG UK Oil & Gas Investments plc 1.26 7 PURP PurpleBricks Group plc 1.07 8 BP. BP Plc 1.03 9 RDSB Royal Dutch Shell Plc B Shares 1.02 10 TLW Tullow Oil plc 0.94 US Market Report Europe close: Stocks finish on mixed note European stocks ended the session on a mixed note as investors digested US President Donald Trump's latest tax plans and growing signs that the Eurozone recovery may be gathering pace. By the closing bell, the DAX was 0.37% or 47.24 points higher to 12,704.65 alongside a CAC-40 up by 0.22% or 11.81 points at 5,293.77 although the FTSE Mibtel drifted lower, falling 0.15% or 34.52 points to 22,587.67. Spain's Ibex 35 also ended in the red, losing 0.39% or 40.40 points to close at 10,328.50. In London, stocks finished marginally higher on Thursday, failing to make any headway even as the pound popped higher following a brief dip in the wake of dovish comments from Bank of England governor Mark Carney. European stocks were boosted by news that the eurozone's economic sentiment index (ESI) rose to 113.0 in September from 111.9 in August with the last three months' average for the ESI reaching 112.1, the highest level since 2007. The Greek ESI was up +1.6 to 100.6 - the first time it had moved beyond 100 since the end of 2014. Analysts at Berenberg said Greece seemed to profit from the much reduced risk of a 'Grexit' after the conclusion of the second review of its EU bailout in June and a very strong tourism season. Commenting on the market backdrop, CMC Markets UK's David Madden said: "European equity markets are largely in positive territory going into the close today, but weak volatility has led to narrow trading ranges. The positive moves that stock markets have made in the recent weeks are being slowly built upon, but optimism isn't particularly high.2 On the corporate front, stock in Swedish fashion chain H&M fell as it reported a 20% fall in net third-quarter profits and warned that online shopping was hitting sales at its stores. The retailer had been forced to discount its summer collection in an effort to lift revenues. In London, shares of Imperial Brands were in the red as the cigarette manufactuer confirmed it was in talks to help rescue UK tobacco supplier Palmer & Harvey and said it expected to deliver strong growth in full year revenues and earnings at actual currency rates.   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