| | | | | | | 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 move lower even as Sterling slips London stocks closed lower on Tuesday even as the pound fell back against the dollar, albeit following a brief pop higher after data showed inflation surged to a five-year high last month, amid somewhat dovish remarks from Bank of England policymakers.
The FTSE 100 was down 0.14% to 7,516.17, while the pound was 0.15% lower against the euro at 1.1216 and down 0.54% versus the dollar at 1.3177.
Over on the second-tier index, losses were even steeper at -0.43% to 20,130.95.
European stocks also drifted lower on Tuesday with the DAX off by 0.07% to 12,995.06, the CAC 40 0.16% down 0.03% at 5,361.37 and the IBEX 35 0.35% firmer at 10,216.80.
Figures released by the Office for National Statistics showed annual UK consumer prices inflation rose to 3% in September, in line with economists' forecasts after hitting 2.9% the month before.
CPI was up 0.3% month-on-month, also as expected, following 0.6% a month earlier.
Core CPI, which excludes more volatile prices such as energy and food, remained at 2.7%, as forecast.
IG analyst Chris Beauchamp said: "Given the robust expectation that November will see the Bank of England dust off its 'rate increase' button, the in-line reading for annual CPI was not enough to send the pound much higher."
Investors were also digesting comments from BoE governor Mark Carney and colleagues in testimony to the Treasury Select Committee.
The Canadian said that inflation is set to peak just above 3% in the next few weeks and that although this should pass through an interest rate hike "in the coming months may be appropriate".
However, his two new deputies on the Monetary Policy Committee cast some doubt on the likelihood of an increase in interest rates in November.
Sir Dave Ramsden, a July appointment to the MPC, said he was not part of the majority of policymakers who believed a rate hike is likely to be needed in the coming months due to his impression that inflation pressures will begin to ease.
Silvana Tenreyro, who was appointed in June, said: "My view is that we are approaching a tipping pint at which it would be necessary or justified to remove some of that stimulus. However that is very contingent on the data."
A key item of data will be the average wage growth numbers released on Wednesday.
In corporate news, Pearson surged after saying it generated revenues in the first nine months of the year in line with expectations and it was on track to deliver in the upper half of management's guided range, with the educational publisher also fine-tuning its earnings guidance and promising a £300m share buyback.
Sainsbury's and Morrisons were on the leaderboard despite mixed sales data from Kantar Worldpanel and Nielsen, while Tesco was flat.
Theme park operator Merlin Entertainments tanked after it reported comparable revenue was broadly flat as London sites were hit by bad weather and the impact of terror attacks.
Rio Tinto were flat after cutting its copper guidance for the year as it reported a drop in mined copper in the third quarter.
Moneysupermarket.com ticked lower after it posted a rise in third-quarter revenue overall, but revealed a drop in revenue from the money and home services divisions, while Mediclinic slumped after its half-year trading statement.
Smiths Group slipped as it appointed John Shipsey as chief financial officer designate with effect from Wednesday.
Housebuilder Bellway was on the front foot after it reported a jump in full-year profit and revenue as demand for new housing remained strong, while challenger bank Virgin Money rallied after its third-quarter update came in as expected.
AstraZeneca was a touch firmer after saying that the US regulator has accepted a supplemental biologics license application for its Imfinzi drug, granting it priority review status. |
| | Barclays Vs Lloyds - Which is a better Buy? | | Barclays and Lloyds are two of the UK’s most popular stocks.
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In this Complimentary Guide we explain in plain English what’s really going on at these key British Banks.
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| Market Movers
FTSE 100 (UKX) 7,516.17 -0.14%
FTSE 250 (MCX) 20,130.95 -0.43%
techMARK (TASX) 3,547.46 -0.19%
FTSE 100 - Risers
Pearson (PSON) 667.00p 7.32%
Convatec Group (CTEC) 213.00p 3.90%
International Consolidated Airlines Group SA (CDI) (IAG) 635.50p 2.67%
easyJet (EZJ) 1,316.00p 2.17%
Severn Trent (SVT) 2,122.00p 1.92%
WPP (WPP) 1,401.00p 1.74%
Sainsbury (J) (SBRY) 247.70p 1.68%
United Utilities Group (UU.) 842.00p 1.32%
Lloyds Banking Group (LLOY) 66.33p 1.13%
Barclays (BARC) 191.35p 1.11%
FTSE 100 - Fallers
Merlin Entertainments (MERL) 378.00p -15.94%
Mediclinic International (MDC) 645.50p -4.37%
Standard Life Aberdeen (SLA) 429.00p -3.88%
3i Group (III) 940.00p -2.89%
St James's Place (STJ) 1,157.00p -2.20%
Johnson Matthey (JMAT) 3,374.00p -2.17%
Randgold Resources Ltd. (RRS) 7,320.00p -2.14%
Antofagasta (ANTO) 1,015.00p -2.13%
Shire Plc (SHP) 3,839.00p -2.08%
NMC Health (NMC) 2,843.00p -1.83%
FTSE 250 - Risers
Virgin Money Holdings (UK) (VM.) 301.30p 4.36%
Workspace Group (WKP) 927.50p 3.39%
BTG (BTG) 727.00p 2.83%
Greencore Group (GNC) 190.50p 2.31%
Hikma Pharmaceuticals (HIK) 1,182.00p 2.25%
Bellway (BWY) 3,569.00p 1.88%
Aldermore Group (ALD) 308.30p 1.75%
Telecom Plus (TEP) 1,228.00p 1.67%
Supergroup (SGP) 1,842.00p 1.66%
Card Factory (CARD) 322.10p 1.52%
FTSE 250 - Fallers
Hochschild Mining (HOC) 221.40p -6.97%
Sirius Minerals (SXX) 26.35p -4.70%
Vedanta Resources (VED) 883.00p -4.64%
Ferrexpo (FXPO) 275.30p -4.11%
Acacia Mining (ACA) 180.80p -3.47%
Inmarsat (ISAT) 608.00p -2.95%
Brown (N.) Group (BWNG) 308.20p -2.93%
TalkTalk Telecom Group (TALK) 209.00p -2.56%
Kaz Minerals (KAZ) 855.50p -2.28% |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe close: Stocks slip ahead of US Fed Beige Book Stocks on the Continent finished slightly lower as investors bid their time ahead of the release of the US central bank's Beige Book on Wednesday, against the backdrop of fresh intra-day records on Wall Street's main benchmarks with the Dow Industrials having climbed above the 23,000 point mark for the first time ever.
Also on investors' minds were the results of an evening meeting the day before between Prime Minister Theresa May and European Commission president Jean Claude Juncker, in which they decided to "accelerate" Brexit negotiations.
"Last night's meeting between Prime Minister Theresa May and EU Commission President Jean Claude Juncker didn't appear to move discussions any further along than they were at the end of last week, though there did seem to be some movement on the working on a framework for a transition deal amongst the remaining EU27 if sufficient progress was deemed to have been made by December.
"It does still appear that the EU is sticking to its line that an agreement on the Northern Irish border must be made before trade talks can begin despite the two being interlinked," said Michael Hewson, chief market analyst at CMC Markets UK.
Against that backdrop, by the closing bell the benchmark Stoxx 600 was 0.25% lower at 390.44, while the Dax was down 0.07% to 12,995.06.
Meanwhile, Spain's benchmark Ibex 35 was ahead 0.35% at 10,216.80.
In economic news, the ZEW institute's closely-followed economic sentiment gauge for Germany improved by 0.6 points to 17.6.
Commenting on the survey results, ZEW President Professor Achim Wambach said: "The framework conditions for German exports, which have already seen a significant rise, are further improved by positive growth figures for Europe. The fact that the inflation rate is rising again, and expected to climb further, equally points towards a positive economic development in Germany, making a change in the ECB's monetary policy more likely."
Elsewhere, headline consumer prices in the single currency bloc accelerated to a 1.5% year-on-year clip in September, Eurostat reported, confirming an earlier estimate.
Core inflation for the same month was also confirmed at 1.1% down from an August reading of 1.2%.
On the corporate front, Easyjet announced that like Lufthansa it too was interested in buying some insolvent rival Alitalia's assets.
Overnight, Airbus picked up a majority stake in Bombardier's CSeries jetliner project as the latter fights off a trade dispute with US rival Boeing.
France's Casino posted slightly better-than-expected third quarter revenues, edging past the consensus forecast.
Another French household name, Danone, disclosed an acceleration in underlying group sales for the three months to September, amid stronger demand for baby food formula and water in China. |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | US Market Report | | US open: Dow Industrials clambers atop 23,000 mark for first time The Dow Industrials climbed past the 23,000 points mark for the first time ever, as the third-quarter earnings season got into full swing, and then slipped lower.
At 1624 BST, the Dow Jones Industrials Average was ahead by 0.08% or 17.54 points at 22,974.50, even as the S&P 500 drifted 0.05% or 1.30 points lower to 2,556.34 while the Nasdaq Composite was flat at 6,623.76.
From a sector standpoint, the best performance was being put in by the following industrial groups: Non-ferrous metals (3.53%), Health Care providers (2.61%) and Media agencies (1.82%).
Morgan Stanley was on the front foot after it reported an 11% jump in quarterly profit thanks to a solid performance from its investment banking and wealth management businesses.
Gains for the Wall Street heavyweight were in stark contrast to Goldman Sachs, with shares in the latter lower despite having managed to beat the Street consensus for both quarterly earnings and sales. Instead, investors seemed very much focused on a 26% drop in fixed income trading revenues.
Netflix was also in the red - but just off its 52-week highs - even after it said late on Monday that it added more new subscribers than expected in the third quarter. The video streaming company added 5.3m subscribers versus expectations of 4.5m.
Health insurer United Health Group and Johnson & Johnson on the other hand were top gainers following their latest updates to investors.
Harley Davidson was also in focus after the motorcycle maker said third-quarter profit declined 40% amid weakened demand, yet its shares sprinted higher.
Elsewhere, Sears was also likely to be active after the chief investment officer of the second-largest shareholder stepped down from the department store chain's board of directors.
IBM was set to report after the market close.
Despite some well-received earnings, FXTM analyst Hussein Sayed was cautious.
"All three major US indices reached new record highs yesterday, but investors have got used to this, and record highs are no longer making headlines. For those who have been waiting for a correction to buy the dips, they have missed the opportunity. The threat of nuclear war, expectations of higher interest rates, hurricanes and terrorist attacks all failed to pull markets from record levels.
"Equity strategists have been forced to adjust their year-end target higher for US indices, although little justification is provided. Valuations are becoming incredibly overstretched, yet investors do not seem to worry," Sayed said.
Dow Jones - Risers
Unitedhealth Group Inc. (UNH) $202.28 4.70%
Johnson & Johnson (JNJ) $139.19 2.26%
Nike Inc. (NKE) $51.84 0.91%
Wal-Mart Stores Inc. (WMT) $86.25 0.59%
McDonald's Corp. (MCD) $165.82 0.49%
Apple Inc. (AAPL) $160.28 0.25%
Home Depot Inc. (HD) $164.52 0.18%
Verizon Communications Inc. (VZ) $48.18 0.18%
E.I. du Pont de Nemours and Co. (DD) $83.93 0.00%
Walt Disney Co. (DIS) $98.09 -0.01%
Dow Jones - Fallers
Goldman Sachs Group Inc. (GS) $238.19 -1.74%
General Electric Co. (GE) $23.08 -1.20%
3M Co. (MMM) $216.65 -0.95%
Merck & Co. Inc. (MRK) $62.93 -0.65%
Boeing Co. (BA) $258.17 -0.60%
Caterpillar Inc. (CAT) $130.70 -0.59%
Procter & Gamble Co. (PG) $92.61 -0.57%
Intel Corp. (INTC) $39.53 -0.57%
Pfizer Inc. (PFE) $35.80 -0.50%
Travelers Company Inc. (TRV) $128.21 -0.47%
S&P 500 - Risers
W.W. Grainger Inc. (GWW) $198.32 8.75%
Unitedhealth Group Inc. (UNH) $202.28 4.70%
Harley-Davidson Inc. (HOG) $48.23 3.54%
Interpublic Group of Companies Inc. (IPG) $21.34 3.27%
Biogen Inc (BIIB) $346.13 3.11%
PG&E Corp. (PCG) $54.84 2.64%
Advance Auto Parts (AAP) $87.67 2.53%
Centene Corp. (CNC) $93.18 2.49%
Omnicom Group Inc. (OMC) $75.69 2.38%
Chipotle Mexican Grill Inc. (CMG) $327.81 2.36%
S&P 500 - Fallers
Freeport-McMoRan Inc (FCX) $14.69 -3.77%
Mosaic Company (MOS) $21.08 -3.74%
Seagate Technology Plc (STX) $33.42 -3.10%
Transocean Ltd. (RIG) $10.72 -3.07%
Chesapeake Energy Corp. (CHK) $3.73 -2.36%
Diamond Offshore Drilling Inc. (DO) $15.11 -2.17%
Discovery Communications Inc. Class C (DISCK) $17.66 -2.16%
Kansas City Southern (KSU) $99.85 -2.03%
National Oilwell Varco Inc. (NOV) $34.30 -1.97%
FMC Technologies Inc. (FTI) $26.02 -1.96%
Nasdaq 100 - Risers
Biogen Inc (BIIB) $346.13 3.11%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $199.20 2.84%
Liberty Interactive Corporation QVC Group (QVCA) $22.93 1.82%
Celgene Corp. (CELG) $139.06 1.72%
O'Reilly Automotive Inc. (ORLY) $211.73 1.30%
Alexion Pharmaceuticals Inc. (ALXN) $142.65 1.29%
Hologic Inc. (HOLX) $36.36 1.28%
Fastenal Co. (FAST) $47.83 1.22%
Tesla Inc (TSLA) $354.51 1.11%
CSX Corp. (CSX) $53.40 1.06%
Nasdaq 100 - Fallers
Seagate Technology Plc (STX) $33.42 -3.10%
Shire Plc Ads (SHPG) $151.80 -2.24%
Discovery Communications Inc. Class C (DISCK) $17.66 -2.16%
Discovery Communications Inc. Class A (DISCA) $18.69 -1.94%
Check Point Software Technologies Ltd. (CHKP) $116.21 -1.58%
Micron Technology Inc. (MU) $40.85 -1.54%
Mattel Inc. (MAT) $15.51 -1.53%
Ctrip.Com International Ltd. Ads (CTRP) $54.63 -1.51%
Netflix Inc. (NFLX) $199.66 -1.49%
NetEase Inc. Ads (NTES) $278.93 -1.29% | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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