| | | | | | | The Top 10 Stocks for Q4 Our latest quarterly stocks report analyses the top and bottom 10 FTSE 100 performers of 2017 so far and looks at our Top Ten Stock Picks for Q4 including City broker consensus and their average target price for each stock. 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 little changed ahead of FOMC minutes London stocks ended a touch lower on Wednesday in a pretty listless session, as investors awaited the release of the minutes from the Federal Open Market Committee's September policy meeting, after the close.
The FTSE 100 finished down 0.06% to 7,533.81, while the pound was 0.02% higher versus the dollar at 1.3204 and 0.30% weaker against the euro at 1.1148.
IG analyst Joshua Mahony said: "A lack of any real notable economic data from Europe today means the market's attention will undoubtedly be geared towards the release of the FOMC minutes, with investors looking out for any clues as to whether a third 2017 hike will transpire. Amid a strengthening economy and a rising chance of Trump passing his tax cuts, there is reason to believe that we will see the role of monetary policy diminish amid a growing influence of government-led stimulus."
The FOMC minutes are due at 1900 BST.
Away from the UK and the US, investors were keeping an eye on Spain after Catalan leader Carles Puigdemont softened his stance on independence on Tuesday, looking to negotiate with Madrid.
Oanda analyst Craig Erlam said: "While Puigdemont remained clear that they had been given a mandate for independence by the Catalan people, his call for talks in order to find a peaceful resolution was the much preferred option at this stage. A declaration of independence on Tuesday could have led to a chain of events that made the situation much worse and seen Puigdemont arrested, likely leading to more unrest."
In corporate news, Smith & Nephew rallied amid speculation that activist investor Elliott Management has built a stake in the company and NMC Health was boosted by an initiation at 'overweight' by CI Capital Holdings.
Homeware retailer Dunelm racked up strong gains after it reported a 9.3% jump in total like-for-like sales for the 13 weeks to the end of September, boosted by favourable weather comparatives and "strong" growth across the business, especially online, where LFL sales grew 46% to £19.9m.
Hargreaves Lansdown ticked up after saying it enjoyed a strong start to its new financial year, with solid levels of net new business flows and assets under administration swelling 3.5% over the first quarter or 21% over the same period last year.
Going the other way, Mondi tanked after warning that full-year profits will be below expectations, while Ibstock fell after saying Wayne Sheppard plans to retire in 2018 after 22 years with the group, including the last two as chief executive.
Retailer Next was in the red after Morgan Stanley cut its stance on the stock to 'underweight' from 'equalweight'.
Countryside Properties ticked higher after revealing a 28% rise in home completions for the year to 30 September.
Wood Group also lost a little ground despite being awarded a new multi-million dollar contract by Total.
Recruiter PageGroup was also weaker even as it said profit in the third quarter rose, while subprime lender Provident Financial was under the cosh as Barclays downgraded the stock to 'underweight' ahead of its third-quarter update on Friday. |
| | 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) 7,533.81 -0.06%
FTSE 250 (MCX) 20,167.78 0.11%
techMARK (TASX) 3,545.49 0.37%
FTSE 100 - Risers
Whitbread (WTB) 4,028.00p 3.41%
NMC Health (NMC) 2,928.00p 3.32%
Smith & Nephew (SN.) 1,401.00p 3.09%
easyJet (EZJ) 1,289.00p 2.87%
International Consolidated Airlines Group SA (CDI) (IAG) 623.50p 2.55%
Paddy Power Betfair (PPB) 7,685.00p 1.99%
Johnson Matthey (JMAT) 3,379.00p 1.50%
Coca-Cola HBC AG (CDI) (CCH) 2,611.00p 1.32%
St James's Place (STJ) 1,130.00p 1.25%
Unilever (ULVR) 4,416.00p 0.99%
FTSE 100 - Fallers
Mondi (MNDI) 1,926.00p -7.80%
Smurfit Kappa Group (SKG) 2,210.00p -2.94%
BHP Billiton (BLT) 1,366.50p -2.15%
WPP (WPP) 1,372.00p -1.93%
ITV (ITV) 173.70p -1.47%
Randgold Resources Ltd. (RRS) 7,430.00p -1.39%
Next (NXT) 5,050.00p -1.27%
Rio Tinto (RIO) 3,569.00p -1.14%
Merlin Entertainments (MERL) 463.60p -0.98%
Lloyds Banking Group (LLOY) 66.50p -0.89%
FTSE 250 - Risers
Dunelm Group (DNLM) 745.00p 6.28%
IP Group (IPO) 138.70p 4.84%
Bovis Homes Group (BVS) 1,178.00p 3.88%
IWG (IWG) 327.00p 3.58%
Aldermore Group (ALD) 245.90p 3.10%
Melrose Industries (MRO) 226.70p 2.72%
Sports Direct International (SPD) 399.60p 2.49%
Domino's Pizza Group (DOM) 337.30p 2.40%
CLS Holdings (CLI) 218.40p 2.10%
Great Portland Estates (GPOR) 613.00p 2.08%
FTSE 250 - Fallers
Pagegroup (PAGE) 477.10p -9.21%
Capita (CPI) 544.50p -4.39%
Provident Financial (PFG) 800.50p -4.30%
Ferrexpo (FXPO) 264.30p -3.58%
Inmarsat (ISAT) 627.50p -2.71%
Hays (HAS) 190.00p -2.26%
Spire Healthcare Group (SPI) 221.50p -2.21%
Smith (DS) (SMDS) 490.50p -2.10%
FirstGroup (FGP) 113.00p -2.09% |
| | Market Analysis 11/10/2017 TodayÂ's highlights: Global markets seen higher - Wall Street bull run resumes: The Dow Jones closed at an all-time high yesterday, while both the Nasdaqand S&P 500 reached all-time intraday highs, but closed short of their all-time closing highs.
- Asia seen higher: Following Wall StreetÂ's lead, Asian markets were seen higher this morning, as leading indices such as the Nikkei and China50 were showing gains.
Read More... |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe close: Spanish stocks extend bounce European stocks finished little changed ahead of the release of the minutes of the US central bank's last policy meeting amid news that the Spanish government has asked officials in Catalonia to explicitly clarify their position.
Overnight, Catalan president Carles Puigdemont said he accepted the popular mandate to push for independence but asked that the effects of the declaration be "suspended to pursue a dialogue over coming weeks without which a mutually agreed solution cannot be found".
The ambiguous wording of that message was a relief for some observers, it left others in doubt as to his true intentions. Indeed, on Wednesday Spanish PM Mariano Rajoy opened the door to the possible suspension of some of Catalonia's devolved powers - by activating but not applying article 155 of the Constitution - should Catalan authorities announce that they had indeed issued a declaration of independence.
Yet in an unexpected twist, it was revealed that Madrid had agreed a deal with the Socialist party to begin study a possible reform of the Consitution in six months' time.
Article 155 requires the central government first issue a formal requirement to the regional authorities in question to return to the country's legal framework.
As of the closing bell, the benchmark Stoxx 600 was flat at 390.15, alongside a gain of 0.17% on the Dax-30 to 12,970.68, although Spain's Ibex 35 added 1.34% to trade at 10,278.40.
In parallel, Spain's benchmark 10-year government bonds were rallying, pushing their yield down by six basis points to 1.64%.
On the economic front, hamornised consumer prices in Spain advanced at a 1.8% clip year-on-year in September (consensus: 1.9%), according to revised data from INE, down from the prior month's reading of 2.0%.
Going the other way, France's harmonised CPI was revised higher from a 1.0% pace on the year to 1.1% (consensus: 1.0%).
Still on the economic calendar for later in the day, US Chicago Fed chair Charles Evans was due to speak on the economy and monetary policy in Switzerland while the minutes of the US central bank's last policy meeting were scheduled to be published at 1900 BST. |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | US Market Report | | US open: Wall Street edges higher ahead of Fed speakers US stocks are registering slight gains in a light day in terms of fresh economic data with investors waiting on the start of the corporate earnings season later in the week and the release of the minutes of the Federal Reserve's last policy meeting.
At 2000 BST, the Dow Jones Industrial Average was 0.22% or 49.02 points ahead to 22,810.09, alongside a rise of 0.15% or 3.91 points to 2,548.65 and a 0.03% gain for the Nasdaq Composite to 6,582.16.
Chris Beauchamp, chief market analyst at IG, said: "US markets should be a touch more active today, as normal service resumes after Columbus Day.
"Energy stocks should see some support as OPEC continues to air the idea of production cuts, but their appeal to US shale producers to limit their output is an interesting titbit, revealing the increasing worry OPEC has about their inability to meaningfully rebalance the oil market. Ahead of the open, we expect the Dow to start at 22,782, up 21 points from Monday's close."
In terms of Fedspeak, Dallas Fed President Rob Kaplan was to appear in a moderated discussion at Stanford Institute for Economic Policy research after the closing bell on Wall Street.
On the economic front, the National Federation of Independent Business index of small business activity fell to a 10-month low of 103.0 in September from 105.3 the month before, missing expectations for a reading of 105.0.
Pantheon Macroeconomics said: "The sharp drop in the headline index suggests that small firms have reacted much more negatively to the hurricanes than bigger businesses. Most of the damage is in the sentiment numbers, with sales expectations down 12 points, good time to expand down 10 points, and economic expectations down 6 points.
"This drop in sentiment filtered into capex plans, which dropped by 5 points. We expect all these numbers to rebound over the next few months, as the hurricane hit fades."
In corporate news, Procter & Gamble was trading lower ahead of an annual general meeting later during which a proxy vote among shareholders would decide whether Trian Fund Management's chief executive, Nelson Peltz, gets a seat on the board.
Walt Disney was also making headlines after releasing the latest trailer for 'Star Wars: The Last Jedi'.
However, it was on Wednesday that things would really really kick off, with earnings reports from the likes of BlackRock and Delta Air Lines together with the latest FOMC minutes.
Dow Jones - Risers
Wal-Mart Stores Inc. (WMT) $84.18 6.56%
Chevron Corp. (CVX) $119.18 1.84%
International Business Machines Corp. (IBM) $148.70 1.52%
McDonald's Corp. (MCD) $161.49 1.18%
Exxon Mobil Corp. (XOM) $82.62 1.11%
Verizon Communications Inc. (VZ) $49.18 0.77%
Caterpillar Inc. (CAT) $127.85 0.72%
American Express Co. (AXP) $92.17 0.68%
Visa Inc. (V) $107.42 0.65%
Coca-Cola Co. (KO) $45.74 0.55%
Dow Jones - Fallers
General Electric Co. (GE) $23.80 -2.44%
Nike Inc. (NKE) $51.51 -1.73%
Unitedhealth Group Inc. (UNH) $194.74 -1.68%
Procter & Gamble Co. (PG) $90.92 -1.53%
Goldman Sachs Group Inc. (GS) $242.51 -1.43%
Intel Corp. (INTC) $39.39 -1.18%
Walt Disney Co. (DIS) $99.22 -0.85%
JP Morgan Chase & Co. (JPM) $96.38 -0.56%
Home Depot Inc. (HD) $164.96 -0.54%
Cisco Systems Inc. (CSCO) $33.62 -0.40%
S&P 500 - Risers
Wal-Mart Stores Inc. (WMT) $84.18 6.56%
United Continental Holdings Inc. (UAL) $68.48 4.95%
American Airlines Group (AAL) $53.08 4.90%
Helmerich & Payne Inc. (HP) $53.49 3.80%
Diamond Offshore Drilling Inc. (DO) $15.35 3.44%
Transocean Ltd. (RIG) $10.66 3.39%
Altria Group Inc. (MO) $64.66 3.37%
Philip Morris International Inc. (PM) $114.60 2.99%
Carnival Corp. (CCL) $67.34 2.61%
News Corp Class A (NWSA) $13.50 2.43%
S&P 500 - Fallers
DaVita Inc (DVA) $54.31 -9.22%
Tenet Healthcare Corp. (THC) $14.65 -6.45%
Apache Corp. (APA) $43.01 -4.77%
United States Steel Corp. (X) $24.82 -4.72%
CVS Health Corp (CVS) $73.42 -4.55%
Medtronic Plc (MDT) $77.08 -3.41%
Juniper Networks Inc. (JNPR) $27.47 -3.38%
Symantec Corp. (SYMC) $31.59 -3.17%
Stryker Corp. (SYK) $144.35 -3.12%
TEGNA Inc (TGNA) $12.99 -3.02%
Nasdaq 100 - Risers
American Airlines Group (AAL) $53.07 4.88%
Baidu Inc. (BIDU) $260.25 3.18%
JD.com, Inc. (JD) $39.94 2.65%
Vodafone Group Plc ADS (VOD) $28.57 1.82%
O'Reilly Automotive Inc. (ORLY) $211.49 1.77%
Nvidia Corp. (NVDA) $188.55 1.70%
Costco Wholesale Corp. (COST) $157.17 1.66%
Western Digital Corp. (WDC) $85.55 1.52%
Dollar Tree Inc (DLTR) $89.67 1.47%
Tesla Inc (TSLA) $347.88 1.44%
Nasdaq 100 - Fallers
Symantec Corp. (SYMC) $31.49 -3.49%
Ctrip.Com International Ltd. Ads (CTRP) $54.05 -2.26%
Walgreens Boots Alliance, Inc. (WBA) $69.56 -1.84%
Express Scripts Holding Co (ESRX) $58.18 -1.76%
Dentsply International Inc. (XRAY) $57.12 -1.67%
Fastenal Co. (FAST) $45.25 -1.18%
Intel Corp. (INTC) $39.40 -1.17%
Seagate Technology Plc (STX) $33.46 -1.15%
NetEase Inc. Ads (NTES) $272.63 -1.09% | | | | 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 | |
No comments:
Post a Comment