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| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks edge lower ahead of BoE announcement; Next surges London stocks edged lower in early trade on Thursday as investors sifted through corporate news and awaited the latest policy announcement from the Bank of England.
At 0830 BST, the FTSE 100 was down 0.2% to 7,368.92, while the pound was flat against the euro at 1.1114 and 0.1% firmer versus the dollar at 1.3221.
Spreadex analyst Connor Campbell said: "A week of chewy UK data culminates in Thursday's Bank of England meeting, with the central bank stuck between an inflation rock and a stagnant wage growth hard place.
"Wednesday's worse than forecast average earnings index figure - which came in at just 2.1%, far lower than the 2.6% and 2.9% inflation readings in July and August respectively - likely puts the kibosh on any BoE rate hike this month. However, investors are still interested in hearing any hints as to what exactly it will take to push Mark Carney and Co to act. Along those lines, whether anyone joins Michael Saunders and Ian McCafferty on the hawkish side of the divide could be the biggest talking point coming out of the meeting, especially if that person if chief economist Andy Haldane."
The BoE interest rate decision is at 1200 BST.
On the corporate front, AstraZeneca fell after announcing an agreement with Aspen Global Incorporated - part of the Aspen Group - under which AGI will now acquire the residual rights to a portfolio of established anaesthetic medicines outside the US.
JD Sports was trading lower after agreeing to combine its existing business in Iberia with the Sport Zone business, while Thomas Cook slipped after announcing a strategic tie-up with Expedia.
Spire Healthcare tumbled as it reported a 75% drop in first-half profit after tax and revised its outlook for the year.
Provident Financial was lower after being downgraded by RBC Capital Markets to 'underperform'.
Ex-dividend stocks on Thursday included 888, BBA Aviation, Computacenter, Derwent London, Equiniti, Inmarsat. RPS Group, Restaurant Group, Sophos and South32.
On the upside, Next shares surged after the clothing retailer lifted its sales and profit targets for the full year thanks to an upturn in recent months, following a 10% drop in first-half profits.
GKN was on the front foot as it said chief executive Nigel Stein will step down at the end of this year, while finance director Adam Walker will also leave before the end of 2017.
Online gaming software group GVC Holdings rallied as it posted a jump in revenue for the first half, while Safestore advanced as it said revenue grew in the third quarter.
Wholesaler Booker edged up as it reported a 1.3% jump in second-quarter like-for like sales thanks to a solid performance from both the catering and retail sides of the business.
UDG Healthcare brightened up as it acquired US-based MicroMass Communications for up to $75.8m. |
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| Market Movers
FTSE 100 (UKX) 7,367.22 -0.17%
FTSE 250 (MCX) 19,516.18 -0.38%
techMARK (TASX) 3,453.11 -0.17%
FTSE 100 - Risers
Next (NXT) 4,784.00p 8.31%
GKN (GKN) 333.90p 2.05%
Marks & Spencer Group (MKS) 330.30p 1.79%
easyJet (EZJ) 1,218.00p 1.33%
Associated British Foods (ABF) 3,185.00p 0.92%
BP (BP.) 456.10p 0.83%
Sage Group (SGE) 707.50p 0.78%
Tesco (TSCO) 183.05p 0.77%
Reckitt Benckiser Group (RB.) 7,078.00p 0.74%
Royal Dutch Shell 'A' (RDSA) 2,165.00p 0.60%
FTSE 100 - Fallers
Provident Financial (PFG) 797.50p -5.73%
Experian (EXPN) 1,487.00p -3.00%
Mediclinic International (MDC) 714.50p -2.72%
Morrison (Wm) Supermarkets (MRW) 238.40p -2.69%
Rio Tinto (RIO) 3,559.50p -1.79%
Glencore (GLEN) 357.75p -1.61%
BHP Billiton (BLT) 1,388.00p -1.46%
Shire Plc (SHP) 4,000.00p -1.15%
Anglo American (AAL) 1,333.50p -1.15%
Rolls-Royce Holdings (RR.) 894.00p -1.00%
FTSE 250 - Risers
GVC Holdings (GVC) 839.00p 4.94%
Rotork (ROR) 245.70p 1.61%
Cairn Energy (CNE) 183.80p 1.55%
Galliford Try (GFRD) 1,358.00p 1.34%
Auto Trader Group (AUTO) 363.20p 1.20%
Hansteen Holdings (HSTN) 137.70p 1.18%
Fidessa Group (FDSA) 2,142.00p 1.09%
Ted Baker (TED) 2,463.00p 1.07%
Halfords Group (HFD) 321.90p 0.85%
Safestore Holdings (SAFE) 412.10p 0.83%
FTSE 250 - Fallers
Spire Healthcare Group (SPI) 266.30p -14.07%
Evraz (EVR) 290.50p -6.05%
Ferrexpo (FXPO) 301.60p -4.56%
McCarthy & Stone (MCS) 148.70p -4.06%
Restaurant Group (RTN) 297.20p -3.63%
Kaz Minerals (KAZ) 746.50p -2.86%
Softcat (SCT) 385.00p -2.56%
Vedanta Resources (VED) 814.50p -2.16%
Inmarsat (ISAT) 632.50p -2.01% |
| | Thursday, 14 September FINALS
Ricardo INTERIMS
Ophir Energy, Property Franchise Group, GVC Holdings, Regional REIT Limited, Gresham House, Forbidden Technologies, Morrison (Wm) Supermarkets, Corero Network Security, Warpaint London, Next TRADING ANNOUNCEMENTS
Safestore Holdings, Booker Group AGMs
Miton UK Microcap Trust, Worldwide Healthcare Trust, Colefax Group, Mobeus Income & Growth 2 Vct, Datatec Ltd. (DI), Xafinity
Abzena, Arian Silver Corporation (DI), Columbus Energy Resources, Falcon Oil & Gas Ltd., JPMorgan Brazil Inv Trust EGMs
Colefax Group FINAL EX-DIVIDEND DATE
Trifast, Jupiter Green Inv Trust, BCA Marketplace, South32 Limited (DI), Sophos Group, UniVision Engineering Ltd., Filta Group Holdings INTERIM EX-DIVIDEND DATE
Derwent London, Standard Life Equity Income Trust, Ediston Property Investment Company, Alpha Fx Group, Holders Technology,
Tex Holdings, Highland Gold Mining Ltd., JPMorgan European Investment Trust, Highcroft Investment, Xaar, JPMorgan European Inv Trust Growth Shares
Sanne Group, BBA Aviation, Communisis, Zotefoams, Centaur Media, Total Produce, Computacenter, ECO Animal Health Group
Foresight VCT, Stobart Group Ltd., PPHE Hotel Group Ltd, Costain Group, A&J Mucklow Group, 888 Holdings, Henderson Diversified Income Ltd.
Equiniti Group, Carr's Group, Harworth Group, Lighthouse Group, F&C Managed Portfolio Trust Income Shares, Gocompare.Com Group, Restaurant Group
RPS Group, Inmarsat, Octopus AIM VCT 2, Belvoir Letting INTERIM DIVIDEND DATE
4Imprint Group, Quartix Holdings QAURTERLY Ex-DIVIDEND DATE
Assura, XP Power Ltd. (DI) UK ECONOMIC ANNOUNCEMENTS
RICS Housing Market Survey (00:01)
Retail Sales (09:30)
BoE Interest Rate Decision (12:00) INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
Initial Jobless Claims (US) (13:30)
Consumer Price Index (US) (14:30) |
| | Market Analysis 13/09/2017 Today’s highlights: Wall Street at all-time high - Wall Street closes at all-time high: As fears regarding North Korea and hurricane Irma subside, the bull run in the US continued yesterday. The Dow Jones, S&P 500 and Nasdaq all closed at an all-time high.
- Asia seen higher: Leading indices in the East, such as the Nikkei, were trading in the green this morning – some reaching levels not seen in 10 years. In contrast, the China50 index registered small losses.
Read More... |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Weak Chinese data weighs on stocks Weaker-than-expected readings on China's economy are weighing on stocks in the early going as investors wait on the Bank of England's rate decision and consumer price data due out later in the day Stateside.
As of 0827 BST, the benchmark Stoxx 600 was 0.12% lower to 380.87, alongside a dip of 0.24% in Germany's Dax to 12,523.14 and a fall of 0.26% in the Cac-40 to 5,203.79.
In parallel, euro/dollar was edging higher by 0.035 to 1.1891.
Basic resource companies were the weakest area of the market, with the Stoxx 600 sector gauge down by 1.45% to 427.19 after Chinese data released overnight revealed industrial production slowed to a 6.0% clip year-on-year in August after a print of 6.4% in the month before.
In particular, Julian Evans-Pritchard at Capital Economics pointed out how spending on infrastructure in China was now slowing after being front-loaded earlier in the year, ahead of the next Communist Party Congress.
Regarding the BoE decision, economists were expecting a more 'hawkish' tone from the Monetary Policy Committee but no change in any of the main policy settings. The vote to stay put was seen unchanged from the last meeting at 7 to 2.
Back in Europe, Paris-based OECD revised its forecast for French GDP growth in 2017 from 1.3% to 1.7% but called for further reforms in order to maintain then current levels of social protection in the country, boost jobs growth and ensure the sustainability of the public finances.
Harmonised French consumer prices advanced at a 1.0% year-on-year clip last month, according to INSEE, confirming a preliminary reading.
Similarly, ISTAT confirmed that consumer price gains in Italy accelerated from a 1.2% clip in July to 1.4% for August.
Still on the economic calendar for Thursday were two speeches from European Central Bank governing council member Yves Mersch, at 1245 BST and 1800 BST, respectively.
Later in the day, in the US, the Bureau of Labor Statistics was scheduled to release its August inflation report at 1330 BST.
Munich Re was trading lower after discloing that it might its profit targets for the current financial year as a result of hurricanes Harvey and Irma. |
| | 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: Markets finish slightly higher as investors take a breather Wall Street made small gains on Wednesday as investors took a breather after pushing the S&P 500 to a fresh record high during the previous session, amid a tad of renewed speculation in markets regarding the risk of new provocations from Pyongyang following the latest round of sanction from the UN Security Council. The Dow Jones Industrial Average finished up 0.18% to 22,158.18, the S&P 500 added 0.08% to 2,498.37 and the Nasdaq 100 was 0.15% firmer at 6,004.38. Overnight, US Treasury Secretary Steve Mnuchin indicated at a conference hosted by CNBC and Institutional Investor that he expected tax reforms to be in place before the current year was out and that they might be made retroactive to 1 January. “It would appear that a running start to the week and fresh record highs in the S&P 500 has proven a little much for some traders, with profit taking seen ahead of Wednesday’s open,” said Oanda analyst Craig Erlam. "Naturally there is still plenty of underlying geopolitical risk in the markets at the moment, even if acts of provocation have decreased and become less hostile, and this is likely to put a cap on risk rallies for now. “The longer this period of calm continues, the more relaxed investors will become which will be better for riskier assets, while safe havens will continue to experience unwinding.” On the economic front, producer price data for August showing a 0.2% rise on the month left economists a little bit divided on the outlook for price pressures. In corporate news, Apple was 0.75% softer after the unveiling of the tech giant's latest phone, the iPhone X on Tuesday prompted a mixed reaction and the company said it won't be delivered until November. Elsewhere, Centene rallied 7.99% after the company said late on Tuesday that it has signed an agreement whereby Fidelis Care will become its health plan in the state of New York. Nordstrom was also in the spotlight, rising 5.99% after a report that it is taking steps to go private, while Seadrill traded 20.24% higher after saying late on Tuesday that it has filed for bankruptcy protection and agreed a restructuring plan with its lenders. Dow Jones - Risers Chevron Corp. (CVX) $114.18 1.50%
Verizon Communications Inc. (VZ) $47.25 0.98%
Walt Disney Co. (DIS) $98.82 0.95%
General Electric Co. (GE) $24.11 0.84%
Microsoft Corp. (MSFT) $75.21 0.71%
Intel Corp. (INTC) $36.33 0.67%
Boeing Co. (BA) $241.79 0.56%
Unitedhealth Group Inc. (UNH) $198.33 0.44%
McDonald's Corp. (MCD) $156.96 0.43%
United Technologies Corp. (UTX) $110.28 0.38% Dow Jones - Fallers Caterpillar Inc. (CAT) $119.63 -1.08%
Pfizer Inc. (PFE) $35.04 -0.88%
Travelers Company Inc. (TRV) $121.51 -0.79%
Apple Inc. (AAPL) $159.65 -0.75%
Cisco Systems Inc. (CSCO) $32.18 -0.71%
Visa Inc. (V) $105.83 -0.36%
Johnson & Johnson (JNJ) $132.45 -0.14%
3M Co. (MMM) $209.49 -0.07%
Merck & Co. Inc. (MRK) $65.45 -0.02%
E.I. du Pont de Nemours and Co. (DD) $83.93 -0.00% S&P 500 - Risers Centene Corp. (CNC) $98.11 8.01%
Nordstrom Inc. (JWN) $47.74 5.97%
Chesapeake Energy Corp. (CHK) $3.94 5.35%
Cimarex Energy Co (XEC) $106.67 5.29%
Urban Outfitters Inc. (URBN) $23.54 4.81%
Transocean Ltd. (RIG) $9.21 4.78%
Apache Corp. (APA) $42.33 4.49%
O'Reilly Automotive Inc. (ORLY) $208.01 4.39%
Pioneer Natural Resources Co. (PXD) $135.69 4.30%
Devon Energy Corp. (DVN) $33.51 4.17% S&P 500 - Fallers Equifax Inc. (EFX) $98.99 -14.63%
Tenet Healthcare Corp. (THC) $16.24 -5.31%
Henry Schein Inc. (HSIC) $168.88 -4.00%
Western Digital Corp. (WDC) $85.74 -3.42%
Patterson Companies Inc. (PDCO) $39.44 -2.98%
Becton, Dickinson & Company (BDX) $196.60 -2.76%
Northern Trust Corp. (NTRS) $88.27 -2.54%
Edwards Lifesciences Corp. (EW) $111.78 -2.54%
Freeport-McMoRan Inc (FCX) $13.94 -2.52%
Dun & Bradstreet Corp. (DNB) $110.66 -2.33% Nasdaq 100 - Risers JD.com, Inc. (JD) $45.27 4.57%
O'Reilly Automotive Inc. (ORLY) $208.01 4.39%
Xilinx Inc. (XLNX) $66.97 3.03%
Viacom Inc. Class B (VIAB) $27.91 2.95%
Seagate Technology Plc (STX) $32.78 2.79%
Twenty-First Century Fox Inc Class B (FOX) $26.15 2.71%
Twenty-First Century Fox Inc Class A (FOXA) $26.59 2.66%
Mattel Inc. (MAT) $16.10 2.55%
Costco Wholesale Corp. (COST) $162.99 1.84%
Amazon.Com Inc. (AMZN) $999.60 1.73% Nasdaq 100 - Fallers Henry Schein Inc. (HSIC) $168.88 -4.00%
Western Digital Corp. (WDC) $85.74 -3.42%
Sirius XM Holdings Inc (SIRI) $5.42 -3.04%
Symantec Corp. (SYMC) $33.08 -1.93%
Verisk Analytics Inc. (VRSK) $81.45 -1.75%
Shire Plc Ads (SHPG) $159.70 -1.72%
Biogen Inc (BIIB) $324.05 -1.71%
Hologic Inc. (HOLX) $37.56 -1.65%
Regeneron Pharmaceuticals Inc. (REGN) $437.74 -1.52%
KLA-Tencor Corp. (KLAC) $96.74 -1.24% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Thursday newspaper round-up: Brexit, pubs, Silicon Valley, Sky The UK will not water down rules to protect its financial services sector in the wake of Brexit, the chancellor said on Wednesday as he sent a message to his counterparts in the EU that he would not tolerate protectionist measures being imposed to lure business way. Philip Hammond also told his audience of financiers in a set-piece speech in the City that his priority was to devise policies that would allow the UK to retain its place as a leading global financial centre. - Guardian
The great British boozer is under threat as a result of spiralling business rates, according to a campaign group which warns they are a "ticking time bomb" which could devastate the sector. The Campaign for Real Ale (Camra) is calling for an annual £5,000 reduction in business rates for every pub across England, after revealing that since the early 1970s nearly 30,000 pubs have called "last orders" and closed their doors for good. - Guardian
The Government is stepping up pressure on Silicon Valley giants to take responsibility for unlawful material online and share the spoils of the internet with media companies. The digital minister Matt Hancock told a gathering of technology lobbyists that the likes of Google and Facebook must intervene to help preserve freedom and liberal values. The shift is an opportunity for Britain to gain a "massive advantage" after Brexit by being the first country to make sure offline principles apply online. - Telegraph
It couldn't happen again, could it? It is more than six years since Rupert Murdoch abandoned his last bid for Sky in the teeth of the phone hacking scandal and suffered what he said was the most humble day of his life in Parliament. Much has changed. He has cleaved his empire in two, promoted his sons to lead alongside him and got divorced, and remarried. Yet this week may feel like deja vu all over again for the 86-year-old mogul. The Government said on Tuesday there were "non-fanciful" concerns about governance and compliance at Fox News, including around its sexual harassment scandal. It means 21st Century Fox, the vehicle for the bid, faces an investigation of its commitment to broadcasting standards by the Competition and Markets Authority (CMA). - Telegraph
Drax could build one of the world's largest batteries and create Britain's biggest gas plant under ambitious plans to transform its North Yorkshire power station. The Drax coal and biomass plant near Selby is already the country's biggest power station, capable of generating 3.9 gigawatts, or about 7 per cent of the country's electricity needs. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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