| | | | | | | 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 in the black as hawkish Yellen hits the pound London stocks rose in early trade on Wednesday as the pound lost ground against the dollar, which was boosted by hawkish comments from Federal Reserve Chair Janet Yellen.
At 0840 BST, the FTSE 100 was up 0.4% to 7,316.89, while the pound was down 0.6% against the greenback at 1.3382 after Yellen hinted at one more rate hike by the end of the year in a speech in Cleveland on Tuesday.
The top-flight index tends to benefit from a weaker pound, as around 70% of its constituents derive their most of their earnings from overseas.
Speaking after the previous session's close at the National Association for Business Economics, Yellen argued against waiting until inflation had returned to its 2.0% target before tightening policy. She also said that the Fed should be wary of moving too gradually.
Nevertheless, she admitted there was uncertainty on various fronts, including the strength of the jobs market, what was implied by the current level of inflation expectations and even the fundamental forces behind inflation.
Spreadex analyst Connor Campbell said Yellen's comments "significantly increase the chance of a hike before the year is over, with most analysts picking December, not November, as the most likely date".
"Obviously the dollar jumped for joy at the news, with Tuesday's gains continuing into Wednesday morning," he added.
In corporate news, Carillion shares surged following a press report that a Middle Eastern suitor is waiting to see what the construction firm has to say in its update on Friday before it makes an offer for the group.
Grainger pushed higher after the residential landlord said it delivered a strong second-half trading performance, while Inmarsat gained as it announced it will supply Air Asia Group with its next-generation GX Aviation in-flight broadband to more than 120 Airbus aircraft.
Standard Chartered was boosted by an upgrade to 'hold' from 'sell' at Investec, while Pearson was lifted by an upgrade to 'outperform' from 'underperform' at Exane BNP Paribas. Virgin Money advanced after KBW upped the stock to 'outperform'.
On the downside, Entertainment One was sharply lower after the television and film producer and distributor said its operating performance since March was on track with its full year targets, despite revenues from the reshaped film business being lower than last year.
Safety, health and environmental technology group Halma nudged a touch lower despite saying it made "good progress" in line with board expectations in its scheduled trading update for the period from 2 April.
PZ Cussons was in the red as it said it remains on track to deliver full-year growth in operating profits but sounded a cautious note by saying trading conditions in most markets remain tough and that it's become increasingly clear UK consumers are "shopping cautiously".
Diploma was on the back foot as it announced the retirement of chief executive Bruce Thompson after 21 years in the role. |
| | 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) 7,316.89 0.43%
FTSE 250 (MCX) 19,484.34 -0.10%
techMARK (TASX) 3,440.94 -0.03%
FTSE 100 - Risers
Pearson (PSON) 609.00p 4.37%
Standard Chartered (STAN) 735.10p 2.32%
Prudential (PRU) 1,748.50p 1.86%
Rio Tinto (RIO) 3,470.00p 1.55%
Royal Bank of Scotland Group (RBS) 265.20p 1.30%
British American Tobacco (BATS) 4,705.00p 1.18%
Anglo American (AAL) 1,300.50p 1.13%
HSBC Holdings (HSBA) 727.40p 1.13%
CRH (CRH) 2,700.00p 1.12%
Lloyds Banking Group (LLOY) 65.69p 1.08%
FTSE 100 - Fallers
Randgold Resources Ltd. (RRS) 7,385.00p -1.20%
Mediclinic International (MDC) 643.50p -0.77%
Fresnillo (FRES) 1,412.00p -0.70%
NMC Health (NMC) 2,699.00p -0.70%
GKN (GKN) 339.70p -0.64%
Severn Trent (SVT) 2,172.00p -0.55%
Paddy Power Betfair (PPB) 7,270.00p -0.48%
Whitbread (WTB) 3,679.00p -0.46%
Centrica (CNA) 188.80p -0.42%
National Grid (NG.) 939.60p -0.38%
FTSE 250 - Risers
Virgin Money Holdings (UK) (VM.) 279.80p 3.63%
Acacia Mining (ACA) 187.40p 2.97%
Countryside Properties (CSP) 339.10p 2.42%
Kaz Minerals (KAZ) 732.00p 2.09%
Ferrexpo (FXPO) 280.00p 2.00%
Inmarsat (ISAT) 632.00p 1.77%
Crest Nicholson Holdings (CRST) 518.50p 1.67%
Evraz (EVR) 297.50p 1.40%
Grafton Group Units (GFTU) 812.50p 1.31%
Indivior (INDV) 330.20p 1.29%
FTSE 250 - Fallers
Dairy Crest Group (DCG) 589.50p -5.68%
Entertainment One Limited (ETO) 245.30p -4.92%
PZ Cussons (PZC) 316.00p -4.07%
SSP Group (SSPG) 490.80p -3.29%
Thomas Cook Group (TCG) 114.30p -2.64%
Just Eat (JE.) 649.00p -2.48%
Spire Healthcare Group (SPI) 222.50p -1.64%
OneSavings Bank (OSB) 385.00p -1.43%
IG Group Holdings (IGG) 645.50p -1.38% |
| | UK Event Calendar | | Wednesday September 27
INTERIMS
Circassia Pharmaceuticals, Crawshaw Group, Destiny Pharma , Eden Research, Havelock Europa, Immupharma, Patagonia Gold, Redt Energy , Strix Group , Summit Germany Limited, Xeros Technology Group
INTERIM DIVIDEND PAYMENT DATE
Lloyds Banking Group
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Crude Oil Inventories (US) (15:30)
Durable Goods Orders (US) (13:30)
M3 Money Supply (EU) (09:00)
MBA Mortgage Applications (US) (12:00)
Pending Homes Sales (US) (15:00)
FINALS
Avingtrans, Hotel Chocolat Group
AGMS
Aortech International, Duke Royalty Limited, Entertainment One Limited, Fulcrum Utility Services Ltd. (DI), Gateley (Holdings) , Joules Group, Octagonal, PZ Cussons
TRADING ANNOUNCEMENTS
Grainger
UK ECONOMIC ANNOUNCEMENTS
Current Account (09:30)
Gross Domestic Product (09:30)
Nationwide House Price Index (07:00)
FINAL DIVIDEND PAYMENT DATE
Circle Property |
| | Market Analysis 27/09/2017 Today's highlights: Currency volatility expected - Wall Street closes mixed: The Nasdaq and S&P 500 both closed higher yesterday, while the Dow Jones posted its first four-day losing streak since June.
- Asia mostly lower: Leading indices in the East, such as the Nikkei and China50, were seen lower this morning.
Read More... |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks start higher amid euro weakness Stocks are trading higher amid considerable 'market chatter' regarding the multiple headwinds now facing the European project, ranging from political uncertainty in Germany, doubts about that same country's willingness to move forward on proposals for a new separate budget and the illegal referendum in Catalonia.
As of 0920 BST, the benchmark Stoxx 600 was 0.26% or 0.98 points higher to 5,276.61, alongside a 0.57% or 128.96 point increase for the FTSE Mibtel to 22,562.33 and a 0.51% gain for the Dax to 12,669.08.
Reflecting those doubts around Germany, which in turn may negatively impact France's reform drive, the euro extended its move lower, falling 0.43% to 1.1743.
Commenting on the situation, Michael Hewson, chief market analyst at CMC Markets UK, said: "While French President Emmanuel Macron was holding court in the Sorbonne outlining his utopian vision of the future of Europe, the euro was similarly unimpressed sliding to one month lows as uncertainty over the creation of the next German government, as well as events in Spain kept the mood cautious."
Nevertheless, Spain's Ibex 35 was staging a solid bounce, rising 1.14% to 10,304.40, led by Catalan-based lenders Banco Sabadell and Caixabank.
Money supply growth in the euro area accelerated sharply last month, with the rate of expansion in M3 jumping from a 4.5% year-on-year clip to 5.0%.
However, the rate of growth in credit to the private sector slowed from a 3.0% pace to 2.8%.
In other economic news, Italian business confidence improved slightly in September, with a gauge compiled by ISTAT rising from 107.1 to 108.0.
Meanwhile, a seperate survey revealed a jump in the consumer confidence climate in that same Mediterranean country from 111.2 to 115.5.
Over in France on the other hand, INSEE reported a drop in its own household confidence index from 103.0 to 101.0.
In the States, investors will be waiting on figures for US durable goods orders for the month of August at 1330 BST, alongside pending home sales data at 1500 BST.
A raft of US central bank speakers was slated to speak later on Wednesday, including St.Louis Fed chief James Bullard at 1830 BST, followed by Fed Governor Brainard at 1900 BST and Boston Fed chief Rosengren at the stroke of midnight.
On the corporate front, Germany's Siemens agreed to merge its rail operations with those of its French rival Alstom. |
| | US Market Report | | US close: Stocks mixed but little changed as investors mull data, Yellen speech Stocks on Wall Street ended mixed but little changed on Tuesday as investors digested the latest comments from Federal Reserve chair Janet Yellen and a series of data releases, although the Nasdaq benefited from a rebound in the technology sector.
The Dow Jones Industrial Average ended down 0.1% at 22,284.32, the S&P 500 closed flat at 2,496.84 and the Nasdaq rose 0.2% to 6,380.16 as tech stocks bounced back from losses the previous day.
Stocks had dropped on Monday as geopolitical tensions grew after North Korea's foreign minister Ri-Yong accused the US of declaring war on the country, a claim Washington later dismissed as "absurd".
Market participants were mulling over the latest comments from Janet Yellen. Speaking at the National Association for Business Economics, she argued against waiting until inflation had returned to its 2.0% target before tightening policy. She also said that the Fed should be wary of moving too gradually.
Nevertheless, she admitted there was uncertainty on various fronts, including the strength of the jobs market, what was implied by the current level of inflation expectations and even the fundamental forces behind inflation.
Pantheon Macroeconomics said: "In short, Dr Yellen offered nothing to suggest that she sees any reason to delay raising rates until next year though she was cautious, as usual, to avoid offering hostages to fortune."
In corporate news, software company Red Hat ended with strong gains, in the black for the second day running after better-than-expected earnings late on Monday.
Carnival rallied as the cruise ship operator posted better-than-expected third quarter earnings and sales and guided markets towards the upper end of its previous forecasts for fourth quarter earnings per share.
On the downside, Darden Restaurants fell sharply after the company reported a 0.4% drop in first quarter like-for-like sales.
On the data front, the Conference Board's consumer confidence index slipped from 120.4 in August to 119.8 for September (consensus: 120.0). Nevertheless, a sub-index tracking expectations improved from 101.7 to 102.2.
Earlier, investors learned that home prices in the US advanced at a 5.8% clip year-on-year in July, according to the S&P/Case-Shiller 20-city house price index (consensus: 5.7%).
Offsetting that news however, the Commerce Department reported that new US home sales declined by 3.4% month-on-month in August, to reach an annualised pace of 560,000 (consensus: 590,000), leaving them 1.2% below their year-ago level.
Nevertheless, according to analysts the impact from hurricanes Harvey and Irma, together with upward revisions to prior months' data were partially to blame for the weak reading. |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Wednesday newspaper round-up: Imagination, Bombardier, Google, EU pensions The Chinese takeover of Imagination Technologies was mired in confusion last night as the bidding vehicle, a Silicon Valley-based private equity fund, struggled to recover from claims that ministers could intervene. Speculation is growing that the government will look into the £550 million deal amid fears that another leading British technology company will fall into foreign hands, with some onlookers citing national security issues and talk that Imagination's computer chip science could be utilised in Chinese military programmes. - The Times
The 10th anniversary of the worst downturn since the Great Depression finds the global economy at risk of a fresh crisis and ill-prepared for the disruption likely from the robot age, the World Economic Forum has warned. The body that organises the annual gathering of the global elite in Davos each January used its annual league table of competitiveness to stress that the failure to push through growth and productivity-friendly policies since the crash of 2007-08 had jeopardised chances of a sustained recovery. - Guardian
Britain is more competitive as an economy on the world stage than at any time in the past decade, according to an influential index. The World Economic Forum said that the UK's overall "competitiveness" score had increased from 5.49 to 5.50 out of 7, reaching the highest level since the Swiss think tank has been running the global index in 2007. - The Tines
One of Northern Ireland's largest employers faces paying a punitive tariff on its exports of passenger jets to the US after losing the first stage of an international trade dispute. The US Department of Commerce ruled in favour of Boeing in its legal battle with Bombardier, prompting fears in Northern Ireland that aerospace jobs in the region could be in peril. - Guardian
This year represents the "tipping point" in an electric vehicle revolution that will drive global demand for copper, according to BHP Billiton. Arnoud Balhuizen, chief commercial officer at the global miner, declared that "copper is the metal of the future. - The Times
Britain is fighting a £10 billion demand to fund the rising pensions bill for retired Eurocrats after Brexit. European Union accounts, seen by The Times before their publication tomorrow, reveal that the cost of pensions liabilities for EU officials rose by 5.4 per cent last year to €67.2 billion (£59 billion). The figure has more than doubled in the past decade.
Dyson has unveiled plans to develop and build its own electric car by 2020, gatecrashing the existing market and promising to hire hundreds of people in the UK. Sir James Dyson confirmed the long-rumoured plans, promising to invest £2bn of the company's money to build a "radical" motor from scratch over the next few years. - Telegraph
Twitter is testing doubling the length of its tweets to 280 characters, a move that overhauls the social network's defining feature. A small percentage of Twitter's 328 million users will find they can post longer tweets from Tuesday evening, with all other users will be able to see them. - Telegraph
The American Chamber of Commerce in Europe has warned that the EU's plans to take more tax from technology giants such as Google, Facebook and Amazon will damage the continent's economic growth and could lead to a breakdown in cooperation with the US on global tax reform. The European commission, on the prompting of France and Germany, is seeking ways to capture a greater amount of tax from companies that exploit their lack of physical offices in a country to book their profits in low-tax states. - Guardian
Google has offered to ringfence its online shopping business from its dominant search engine in a bid to placate European competition watchdogs and avoid further multi-billion euro fines. Under plans expected to be revealed later this week, the internet giant will force Google Shopping to compete against other price comparison websites for advertising space in Google's search results. - Telegraph | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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