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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 nudge up as investors mull corporate news; ECB eyed London stocks edged just a touch higher in early trade on Thursday as investors sifted through corporate news and eyed the latest rate announcement from the European Central Bank.
At 0830 BST, the FTSE 100 was up 0.1% to 7,358.38.
The European Central Bank rate at 1245 BST and press conference at 1330 BST will be in focus. With rates largely expected to remain on hold, attention will be on what ECB chief Mario Draghi has to say.
Accendo Markets said: "While many had been hoping that this meeting would provide more clarity on a firm date for the ECB to begin the long awaited tapering of its quantitative easing programme, the overwhelming strength of the Euro in recent months could now delay the decision.
"Expect instead a press conference and Q&A laden with references to the strong euro and its impact on both inflation and Eurozone exporters, with any firm announcement on the start date and duration of tapering now expected in October."
In corporate news, AstraZeneca rose after putting out a pair of positive respiratory updates from Phase III trials of combined treatment Duaklir and Phase IIb trials of tezepelumab.
Imperial Brands was up after agreeing to sell 13.275m ordinary shares of 20 euro cents each in Compaa De Distribucin Integral Logista Holdings on the Madrid Stock Exchange, raising gross proceeds of 230.8m through the placing.
Housebuilder Bovis Homes rose despite reporting a 31% drop in first-half pre-tax profit as total completions fell and the company said it was cutting back its growth targets.
ZPG rallied as it said it was buying financial services comparison website Money.co.uk in deal worth up to 140m.
Go-Ahead Group fell as it reported that pre-tax profit for the full year fell 5.7%, while Ashmore was in the red despite posting a rise in full-year profits as assets under management grew.
Capita was under the cosh after it cuts its underlying operating profit for 2016 as it adopted new accounting standards, while Sanne retreated after the release of its first-half results.
Admiral was weaker as it went ex-dividend, along with BHP Billiton, Land Securities, and Glencore, among others. |
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| Market Movers
FTSE 100 (UKX) 7,358.38 0.06%
FTSE 250 (MCX) 19,598.87 -0.27%
techMARK (TASX) 3,428.24 0.25%
FTSE 100 - Risers
Imperial Brands (IMB) 3,295.00p 2.65%
Micro Focus International (MCRO) 2,401.00p 2.48%
Direct Line Insurance Group (DLG) 378.90p 1.96%
Sage Group (SGE) 690.00p 1.17%
Provident Financial (PFG) 799.00p 1.14%
Barratt Developments (BDEV) 601.50p 1.01%
AstraZeneca (AZN) 4,621.50p 0.98%
GKN (GKN) 324.20p 0.93%
British American Tobacco (BATS) 4,856.50p 0.92%
Ashtead Group (AHT) 1,672.00p 0.91%
FTSE 100 - Fallers
BHP Billiton (BLT) 1,448.50p -2.43%
Royal Bank of Scotland Group (RBS) 240.90p -1.51%
Admiral Group (ADM) 1,854.00p -1.12%
Standard Chartered (STAN) 741.50p -1.04%
Glencore (GLEN) 362.00p -1.04%
Antofagasta (ANTO) 1,032.00p -0.96%
Lloyds Banking Group (LLOY) 62.47p -0.92%
Land Securities Group (LAND) 997.00p -0.89%
Fresnillo (FRES) 1,595.00p -0.81%
Next (NXT) 4,339.00p -0.80%
FTSE 250 - Risers
Bovis Homes Group (BVS) 1,122.00p 6.65%
ZPG Plc (ZPG) 375.90p 6.01%
Cairn Energy (CNE) 177.80p 1.25%
FDM Group (Holdings) (FDM) 919.50p 1.16%
Wizz Air Holdings (WIZZ) 2,935.00p 1.10%
Capital & Counties Properties (CAPC) 270.90p 0.97%
AA (AA.) 162.40p 0.87%
Crest Nicholson Holdings (CRST) 544.50p 0.83%
Berkeley Group Holdings (The) (BKG) 3,687.00p 0.82%
Thomas Cook Group (TCG) 124.00p 0.81%
FTSE 250 - Fallers
Ashmore Group (ASHM) 330.90p -9.39%
Capita (CPI) 606.50p -5.82%
Sanne Group (SNN) 743.50p -4.92%
Go-Ahead Group (GOG) 1,688.00p -3.71%
Phoenix Group Holdings (DI) (PHNX) 734.00p -3.48%
Pagegroup (PAGE) 484.10p -3.47%
Vectura Group (VEC) 92.15p -3.00%
Dixons Carphone (DC.) 168.40p -2.43%
Clarkson (CKN) 2,762.00p -2.33% |
| | Market Analysis 06/09/2017 Today’s highlights: Global markets seen lower - Dow Jones drops more than 1%: Wall street reacted to the geopolitical tension caused by North Korea's hydrogen bomb test. Markets in the US closed lower yesterday, as the Nasdaq, S&P 500 and Dow Jones all registered significant losses.
- Asia seen lower: Markets in the East continued their negative trend, as leading indices such as the Nikkei and China50 were on the decline.
Read More... |
| | UK Event Calendar | | Thursday September 07
INTERIMS
Biffa, Brady, Centralnic Group , Filta Group Holdings, Gama Aviation , Hunters Property , International Public Partnerships Ltd., Molins, ProPhotonix (DI), Sanne Group
INTERIM DIVIDEND PAYMENT DATE
Fenner, Nexus Infrastructre , Tyman
INTERIM EX-DIVIDEND DATE
Acencia Debt Strategies Ltd., Admiral Group, Antofagasta, Arrow Global Group, Aviva 8 3/8% Cumulative Irrd Preference 1, BBGI SICAV S.A. (DI), Camellia, Capital & Counties Properties , Capital Drilling Ltd. (DI), Chesnara, Churchill China, Clarke (T.), Clarkson, Convatec Group , CRH, Eddie Stobart Logistics , Elderstreet VCT, Elementis, Eurocell , F&C UK Real Estate Investments Limited, Grafton Group Units, Greggs, H&T Group, Inspired Energy, International Personal Finance, IWG , Meggitt, Melrose Industries, Pagegroup, Phoenix Group Holdings (DI), Plus500 Ltd (DI), Polymetal International, Portmeirion Group, Rathbone Brothers, RSA Insurance Group, Savills, Shire Plc, The Gym Group, Trinity Mirror, UBM
QUARTERLY EX-DIVIDEND DATE
Fair Oaks Income Limited 2014 Shs NPV, Fair Oaks Income Limited 2017 Shs NPV, Honeycomb Investment Trust, Land Securities Group, Raven Russia Ltd 6.5% Red Cnv Pref Shs NPV, Raven Russia Ltd 6.5% Red Cnv Pref Shs Npv (RFD), Regional REIT Limited, UIL Limited (DI), Volta Finance Limited
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Continuing Claims (US) (13:30)
ECB Interest Rate (EU) (12:45)
Industrial Production (GER) (07:00)
Initial Jobless Claims (US) (13:30)
FINALS
Ashmore Group, CPL Resources, Frontier Developments, Go-Ahead Group, Mcbride, Redde
SPECIAL EX-DIVIDEND DATE
Admiral Group, Pagegroup
AGMS
Alpha Real Trust Ltd., BCA Marketplace, Best of the Best, Carpetright, Chelverton Small Companies Dividend Trust, Chelverton Small Companies ZDP shares, Cohort, Conviviality, Dart Group, Dixons Carphone , Imaginatik, Nakama Group, Polar Capital Technology Trust, Sophos Group
TRADING ANNOUNCEMENTS
Dixons Carphone
UK ECONOMIC ANNOUNCEMENTS
Halifax House Price Index (08:30)
FINAL DIVIDEND PAYMENT DATE
IG Design Group, Triad Group
FINAL EX-DIVIDEND DATE
Best of the Best, BHP Billiton, Clipper Logistics , Colefax Group, Conviviality, Fletcher King, Gateley (Holdings) , Glencore , Goodwin Plc, Henderson Smaller Companies Inv Trust, National Westminster 9%pf, WYG
|
| | 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: Stocks swerve Fisher, Korea, hurricanes to finish higher Wall Street stock indices on Wednesday recouped some of the previous session's losses even in the face of the surprise resignation of US central bank vice president Stanley Fischer an simmering worries about North Korea and Hurricane Irma failing to undermine investor sentiment.
The Dow Jones Industrial Average closed 54.33 or 0.25% higher at 21,807.64, alongside a gain of 7.69 points or 0.31% for the S&P 500 to 2,465.54 and one of 17.74 or 0.28% to 6,393.31 for the Nasdaq Composite.
Traders were only momentarily perturbed by Fischer's resignation, even though it might imply that Fed head Janet Yellen will not opt to another term at the head of the central bank, as suggested by analysts at Capital Economics.
Likewise, a possible swing north towards Florida for Hurricane Irma, which was causing destruction in the Caribbean and upgraded to the maximum category-five strength, did not faze investors much it seemed, though the property & casualty sector was lower.
Later, the 'Beige Book' survey from Federal Reserve revealed the economy expanded at a "modest to moderate pace" across all districts in July through to mid-August, which did not provide enough time to judge the full extent of the post-hurricane flooding.
"Prices rose modestly overall across the country," said the report, which is compiled from anecdotal evidence derived from the central bank's business contacts nationwide.
Activity in the energy and natural resources sector has been "generally positive prior to shutdowns arising from Hurricane Harvey", but it did create "broad disruptions to economic activity along the Gulf Coast in the Dallas and Atlanta Districts, although it was too soon to gauge the full extent of the impact".
In Washington, Congress looked set to approve relief funding to victims of Hurricane Harvey along with a debt ceiling increase and continuing resolution to fund the government through to the middle of December, which should allow the Donald Trump's administration to focus on their hugely anticipated tax reform plan.
The odds of passing a fiscal stimulus package this year have gone up from 50% to 60%, said Oxford Economics, noting that the new 15 December deadline "potentially sets us up for highly volatile end to the year since Treasury may be prohibited from using extraordinary measure to delay the need to raise the debt ceiling".
In the background, tensions between Trump and North Korean still held the attention of the market.
On that note, Craig Erlam, senior market analyst at Oanda, said: "There is clear concern about the escalating tensions between the US and North Korea which has culminated in repeated stints of risk off trading in recent weeks. With the increasingly frequent tests in North Korea triggering such moves, it's making traders a little more anxious than normal and it seems that for now, sitting on the side-lines is preferred.
"The verbal back and forth isn't helping matters, although it is having less of a negative impact than it was a few weeks ago. Should the tests in the North and military exercises in the South continue in the coming weeks, it is possible that traders start to pay less and less attention on the belief that this is as far as it will go. For now though, no such confidence clearly exists."
On the economic front, the ISM institute's non-manufacturing PMI came in at a reading of 55.3 for August, up from 53.9 in July (consensus: 55.6).
S&P 500 - Risers
Gap Inc. (GPS) $25.82 7.45%
CF Industries Holdings Inc. (CF) $31.20 7.29%
Helmerich & Payne Inc. (HP) $46.36 5.89%
Macy's Inc. (M) $22.17 5.52%
Kohls Corp. (KSS) $42.37 4.90%
Murphy Oil Corp. (MUR) $24.51 4.30%
Marathon Oil Corp. (MRO) $11.73 3.90%
Noble Energy Inc. (NBL) $25.23 3.53%
Csra Inc. (CSRA) $32.67 3.52%
Delta Airlines Inc. (DAL) $47.39 3.38%
S&P 500 - Fallers
Darden Restaurants Inc. (DRI) $78.36 -3.49%
Newell Brands Inc (NWL) $47.03 -3.47%
Owens-Illinois Inc. (OI) $23.70 -3.23%
Mattel Inc. (MAT) $15.69 -3.21%
Tenet Healthcare Corp. (THC) $17.15 -3.05%
AutoNation Inc. (AN) $44.76 -2.72%
CenturyLink Inc. (CTL) $19.00 -2.66%
CBS Corp. (CBS) $61.98 -2.61%
Expedia Inc. (EXPE) $144.39 -2.18%
Kimberly-Clark Corp. (KMB) $120.31 -2.12%
In corporate news, Hewlett Packard Enterprise was lower even after its earnings out late on Tuesday beat estimates.
Dow Jones - Risers
Home Depot Inc. (HD) $156.56 2.37%
Chevron Corp. (CVX) $111.81 2.15%
Intel Corp. (INTC) $35.76 2.11%
Exxon Mobil Corp. (XOM) $78.84 2.07%
Travelers Company Inc. (TRV) $117.73 1.99%
Cisco Systems Inc. (CSCO) $31.87 0.79%
JP Morgan Chase & Co. (JPM) $90.11 0.67%
General Electric Co. (GE) $24.92 0.65%
Merck & Co. Inc. (MRK) $64.00 0.60%
Johnson & Johnson (JNJ) $130.67 0.59%
Dow Jones - Fallers
United Technologies Corp. (UTX) $109.61 -1.44%
Caterpillar Inc. (CAT) $117.10 -1.12%
Boeing Co. (BA) $234.62 -1.00%
Verizon Communications Inc. (VZ) $46.91 -0.95%
McDonald's Corp. (MCD) $158.38 -0.55%
Nike Inc. (NKE) $52.77 -0.47%
Unitedhealth Group Inc. (UNH) $198.38 -0.47%
Microsoft Corp. (MSFT) $73.40 -0.29%
Apple Inc. (AAPL) $161.91 -0.10% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Thursday newspaper round-up: Brexit leak, RBS, Royal Mail, Woodford No 10 has been asking major UK companies to sign a letter supporting its Brexit strategy, despite concerns in the corporate world about how immigration and trade will be affected. The letter, first seen by Sky News, was circulated to some FTSE 100 chiefs and others leaders but it was soon leaked by a company furious that Downing Street wanted it to support a plan that would be damaging to the interests of businesses. - Guardian
The Financial Conduct Authority is facing pressure from the Treasury select committee of MPs to publish the report in to Royal Bank of Scotland's troubled business restructuring unit. Nicky Morgan, the Conservative MP who chairs the powerful committee, has called on the FCA to publish the report, which was completed last year, after it was leaked to the BBC last week. - Guardian
Royal Mail is to face potential strike action over planned changes to its pension scheme, after its largest union formally served notice of its plans to ballot its members. The Communication Workers' Union (CWU) today confirmed plans to call a ballot for industrial action over a number of changes to working conditions, including pensions, a shorter working week, and pay. - Telegraph
British food and drink manufacturers are more confident about exporting ahead of Brexit and plan to create almost 100,000 jobs in five years, according to a new survey. Almost seven out of ten (69pc) producers surveyed by Lloyds Bank said they were targeting new international customers, up from 55pc last year. Meanwhile more than a quarter (28pc) of food and drink firms said they were planning on exporting for the first time within five years. - Telegraph
An unusual 1.5 million cash bonus for the chief executive of Aveva for clinching the merger this week with Schneider Electric has raised eyebrows with the Cambridge company's biggest shareholder. The prospectus from Aveva, a FTSE 250 industrial software developer, issued yesterday, reveals that James Kidd is to be awarded the cash on top of his normal bonuses as "a one-off performance and retention award". - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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