| | | | | | | 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 lower on North Korea worries; construction PMI eyed London stocks edged lower in early trade on Monday while safe-haven assets rallied as worries about North Korea gathered pace after it tested a hydrogen bomb over the weekend.
At 0830 BST, the FTSE 100 was down 0.2% to 7,423.98, while the pound was flat against the dollar at 1.2947 and 0.3% weaker versus the euro at 1.0886. Meanwhile, gold hit an 11-month high and the yen was up 0.7% versus the greenback as investors looked for somewhere safe to park their cash.
Spreadex analyst Connor Campbell said: "There's little surprise as to what is driving trading this morning. North Korea's latest nuclear naughtiness has sent another ripple of fear through the markets this Monday - as has the US threat of a 'massive military response' and South Korea's own show of (simulated) force. However, with the increasing regularity of such tests, and the USA's Labor Day holiday, the edge has been taken off the European losses."
"While trading-nuance seems unlikely this Monday there is one piece of important UK data to try and break through the North Korea malaise: August's construction PMI. Analysts are expecting the figure to rise from 51.9 to 52.1 month-on-month, something that could spur sterling into action."
The construction purchasing managers' index is due at 0930 BST.
Precious metals miners Randgold Resources and Fresnillo were boosted by the jump in gold prices, while Dechra Pharmaceuticals was on the front foot after it posted a 45% rise in revenue for the year to 30 June.
Victrex racked up healthy gains after the high-performance polymer solutions company said it expects the annualised impact of Patent Box to reduce its effective tax rate to around 12% from 21%, with an ongoing favourable impact on earnings per share and cash.
On the downside, Micro Focus was weaker despite saying it expects to deliver medium-term benefits from its takeover of Hewlett Packard Enterprise's software business.
Low-cost airline Wizz Air flew a little lower despite reporting a 24.4% jump in passenger numbers in August as the load factor ticked higher.
Acacia Mining was in the red as it said it expects to return to positive cash generation early in 2018 after it stopped underground mining at one of its three Tanzanian mines. |
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| Market Movers
FTSE 100 (UKX) 7,423.98 -0.20%
FTSE 250 (MCX) 19,737.26 -0.25%
techMARK (TASX) 3,418.87 -0.24%
FTSE 100 - Risers
Randgold Resources Ltd. (RRS) 8,115.00p 2.59%
Fresnillo (FRES) 1,644.00p 1.67%
DCC (DCC) 7,195.00p 0.77%
British American Tobacco (BATS) 4,843.50p 0.58%
BT Group (BT.A) 289.60p 0.40%
Burberry Group (BRBY) 1,810.00p 0.39%
Paddy Power Betfair (PPB) 6,930.00p 0.29%
Provident Financial (PFG) 874.50p 0.29%
Johnson Matthey (JMAT) 2,789.00p 0.22%
Antofagasta (ANTO) 1,060.00p 0.19%
FTSE 100 - Fallers
Micro Focus International (MCRO) 2,224.00p -1.77%
Standard Chartered (STAN) 761.40p -1.62%
Experian (EXPN) 1,532.00p -1.16%
Coca-Cola HBC AG (CDI) (CCH) 2,647.00p -0.90%
Taylor Wimpey (TW.) 199.90p -0.89%
International Consolidated Airlines Group SA (CDI) (IAG) 612.00p -0.81%
Rio Tinto (RIO) 3,730.00p -0.78%
Next (NXT) 4,102.00p -0.77%
Royal Mail (RMG) 389.40p -0.76%
Centrica (CNA) 197.60p -0.75%
FTSE 250 - Risers
Victrex plc (VCT) 2,164.00p 5.82%
Indivior (INDV) 275.00p 2.77%
Polymetal International (POLY) 886.50p 2.37%
PayPoint (PAY) 940.50p 2.17%
Hochschild Mining (HOC) 291.20p 2.14%
Carillion (CLLN) 43.19p 1.82%
Rank Group (RNK) 232.60p 1.57%
ZPG Plc (ZPG) 367.60p 1.41%
Ted Baker (TED) 2,520.00p 1.33%
UBM (UBM) 674.50p 1.05%
FTSE 250 - Fallers
Acacia Mining (ACA) 181.10p -12.55%
Ascential (ASCL) 367.40p -4.82%
Diploma (DPLM) 1,076.00p -2.71%
Jardine Lloyd Thompson Group (JLT) 1,128.00p -2.42%
Millennium & Copthorne Hotels (MLC) 460.00p -2.31%
Go-Ahead Group (GOG) 1,772.00p -2.21%
NewRiver REIT (NRR) 340.00p -2.16%
Mitchells & Butlers (MAB) 249.20p -2.01%
Softcat (SCT) 394.00p -1.97% |
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| | UK Event Calendar | | Monday September 04
INTERIMS
Amryt Pharma, Biome Technologies, Curtis Banks Group, Highland Gold Mining Ltd., Johnson Service Group, Michelmersh Brick Holdings, Tax Systems
QUARTERLY PAYMENT DATE
Toro Limited
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Producer Price Index (EU) (10:00)
FINALS
Dechra Pharmaceuticals
AGMS
Micro Focus International, Redcentric
UK ECONOMIC ANNOUNCEMENTS
PMI Construction (09:30)
FINAL DIVIDEND PAYMENT DATE
BT Group, Dekeloil Public Ltd
|
| | Market Analysis 04/09/2017 Today’s highlights: Global markets seen lower - Labor Day vacation in the US and Canada: Stock markets, banks and other financial institutions will be closed in North America today, in observance of Labor Day. Low liquidity and volatility could be expected.
- Cryptocurrency market seen lower: After reaching never-before-seen heights last week, the crypto market slowed down in the past 24 hours, as many top cryptocurrencies, including Bitcoin, Ethereum and Litecoin showed a correction.
Read More... |
| | US Market Report | | US close: Wall Street goes into Labor Day weekend slightly higher Wall Street went into the long Labor Day weekend on a slightly higher note following the release of a "noisy" jobs report for the month of August, alongside mixed readings on the economy.
By the closing bell, the Dow Jones Industrial Average was higher by 0.18% or 39.46 points at 21,987.52, with the S&P 500 tacking on 0.20% or 4.90 points to 2,476.55, alongside a 0.10% or 6.67 point advance for the Nasdaq Composite that took it to 6,435.33.
To take note of, overnight US Treasury Secretary Steve Mnuchin told CNBC the White House already had a "very detailed" tax reform plan ready.
From a sector standpoint, the largest gains were seen in: Aluminium (2.64%), Non-ferrous metals (1.96%) and Clothing & ACcesories (1.71%).
Meanwhile, oil prices edged higher despite Hurricane Harvey paralysing more than a quarter of the US refining industry. West Texas Intermediate tacked on 21 cents to $47.29 a barrel on the NYMEX.
Commenting on Friday's US Jobs data, ETX Capital's Neil Wilson said, "Although a miss it looks like this print isn't doing anything to alter projections for what the Federal Reserve will do later this month or for the rest of the year.
"The labour market remains in fine health, wage growth is AWOL and inflation lacklustre - nothing has changed today. One swallow doesn't make a summer and one August jobs miss doesn't make for a weakening labour market. Markets have already decided the Fed probably won't hike again this year."
America's job market created 156,000 new posts last month (consensus: 180,000) and, at 0.1% on the month, wage growth fell short of expectations (again).
The details of the report were similarly lacklustre, when not worse, although so-called 'underemployment' as measured by the U6 rate of joblessness was modestly improved, Barclays's Michael Gapen said in a research note sent to clients.
Nevertheless, several economists were quick to point out that August was historically a "noisy month" (Gapen included).
Hence, Gapen said: "We continue to look for an announcement on balance sheet normalization at the September FOMC meeting and see a rate hike in December as still likely, pending further incoming data on inflation and the outcome of potential near-term disruptions to activity, including Hurricane Harvey and the pending deadlines to raise the debt ceiling and extend the federal budget."
Fed funds futures were slightly higher versus where they were early on Thursday, assigning 42% odds to a December rate hike from the Fed.
On the positive side of the ledger, separate readings from ISM and IHS Markit on factory sector activity in August both edged past forecasts.
Construction output however weakened noticeably, shrinking by 0.6% on the month (consensus: 0.5%).
Consumer confidence in the States also undershot forecasts, printing at 96.8 at the end of August, up from 93.4 for end July but lower than a preliminary estimate of 97.6.
Dow Jones - Risers
General Electric Co. (GE) $25.14 2.40%
Chevron Corp. (CVX) $108.76 1.06%
Nike Inc. (NKE) $53.36 1.04%
Goldman Sachs Group Inc. (GS) $225.85 0.96%
JP Morgan Chase & Co. (JPM) $91.72 0.89%
International Business Machines Corp. (IBM) $144.11 0.73%
Caterpillar Inc. (CAT) $118.29 0.67%
Home Depot Inc. (HD) $150.76 0.61%
Coca-Cola Co. (KO) $45.78 0.50%
Unitedhealth Group Inc. (UNH) $199.71 0.43%
Dow Jones - Fallers
United Technologies Corp. (UTX) $117.91 -1.50%
Microsoft Corp. (MSFT) $73.94 -1.11%
Travelers Company Inc. (TRV) $119.88 -1.06%
Johnson & Johnson (JNJ) $131.01 -1.01%
3M Co. (MMM) $203.63 -0.37%
Verizon Communications Inc. (VZ) $47.92 -0.10%
McDonald's Corp. (MCD) $159.81 -0.10%
Merck & Co. Inc. (MRK) $63.83 -0.05%
E.I. du Pont de Nemours and Co. (DD) $83.93 -0.00%
Apple Inc. (AAPL) $164.05 0.03%
S&P 500 - Risers
Diamond Offshore Drilling Inc. (DO) $12.09 6.25%
Tenet Healthcare Corp. (THC) $18.12 5.53%
Cabot Oil & Gas Corp. (COG) $26.87 5.17%
Transocean Ltd. (RIG) $8.56 4.90%
Southwestern Energy Co. (SWN) $5.68 4.22%
Navient Corporation (NAVI) $13.75 4.17%
Nordstrom Inc. (JWN) $46.43 4.08%
Marathon Petroleum Corporation (MPC) $54.28 3.49%
L Brands Inc (LB) $37.48 3.42%
CF Industries Holdings Inc. (CF) $29.98 3.41%
S&P 500 - Fallers
Hewlett Packard Enterprise (HPE) $14.29 -20.76%
Electronic Arts Inc. (EA) $119.31 -1.80%
Progressive Corp. (PGR) $45.66 -1.76%
Campbell Soup Co. (CPB) $45.39 -1.73%
Endo International Plc (ENDP) $8.64 -1.71%
Weyerhaeuser Co. (WY) $32.07 -1.66%
Patterson Companies Inc. (PDCO) $37.88 -1.61%
American Tower Corp (Reit) (AMT) $145.77 -1.54%
United Technologies Corp. (UTX) $117.91 -1.50%
Eli Lilly and Company (LLY) $80.08 -1.49%
Nasdaq 100 - Risers
Wynn Resorts Ltd. (WYNN) $143.42 3.19%
Liberty Interactive Corporation QVC Group (QVCA) $22.72 2.71%
Western Digital Corp. (WDC) $90.41 2.42%
Dish Network Corp. (DISH) $58.47 2.06%
Baidu Inc. (BIDU) $232.64 2.01%
Micron Technology Inc. (MU) $32.60 1.97%
Dollar Tree Inc (DLTR) $81.06 1.78%
Shire Plc Ads (SHPG) $151.84 1.64%
Mattel Inc. (MAT) $16.48 1.60%
Liberty Global Plc Lilac Class A (LILA) $26.41 1.54%
Nasdaq 100 - Fallers
Mercadolibre Inc. (MELI) $251.91 -2.54%
NetEase Inc. Ads (NTES) $269.89 -2.16%
Electronic Arts Inc. (EA) $119.31 -1.80%
Ctrip.Com International Ltd. Ads (CTRP) $50.63 -1.59%
Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $58.54 -1.55%
Charter Communications Inc. (CHTR) $392.48 -1.52%
Microsoft Corp. (MSFT) $73.94 -1.11%
Express Scripts Holding Co (ESRX) $62.16 -1.05%
Sirius XM Holdings Inc (SIRI) $5.69 -1.04% |
| | 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 | | Monday newspaper round-up: Inflation, HSBC, Destiny Pharma Worries about rising inflation among UK consumers are at their greatest in three and a half years, while people's confidence in Britain's financial situation has worsened, according to a survey. A monthly poll by Lloyds Bank found that 65% of people felt negative about levels of inflation in July, up from 60% in June and the highest level since January 2014. - Guardian
HSBC has rushed to head off complaints from small businesses that found the bank had frozen or closed down their accounts as part of a crackdown on financial crime. Hundreds of small firms are thought to be affected, whose businesses range from an avocado importer to marketing and design companies. - Guardian
British biotech Destiny Pharma will announce a drug development tie-up with a Hong Kong-listed Chinese medicine company on its debut on London's junior Aim market today. Destiny Pharma, which is developing a range of treatments to fight antibiotic-resistant superbugs such as MRSA, has raised £15.3m through its placing. Shares will be priced at £1.57 on admission today, giving it a market cap of £65.4m. - Telegraph
EEF, the trade association which represents 20,000 companies in the engineering and manufacturing sector, has unveiled a top civil servant as its new chief executive. Stephen Phipson will take the helm at EEF, replacing Terry Scuoler who has led the industry group for eight years. - Telegraph
One of the country's biggest alternative loan providers channelled millions of pounds of investors' money into investments offered by rivals without telling its customers. In a revelation that raises questions about the transparency of the peer-to-peer lending industry, Ratesetter connected some of its customers' capital with investment opportunities offered by Wellesley and Archover, two of its competitors. About £10 million of property development loans were written in conjunction with Wellesley, a lending platform set up by Graham Wellesley, 8th Earl Cowley. - The Times
JPMorgan Cazenove has lost its crown as the City's most popular stockbroker for the first time in 13 years. Analysis has found that Numis Securities has 195 clients across the London market, having won five since May. JPMorgan, which lost four over the same period, has 189. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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