| | | | | | | 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 dip even as political waters calm down London stocks ended the day in the red but off their session lows even as the pound bounced back against both the euro and the dollar following last week's thrashing on the back of political uncertainty.
The FTSE 100 closed down 0.20% to 7,507.89, while the pound was up 0.35% against the euro to 1.1179 and 0.53% higher versus the dollar 1.3136.
Spreadex analyst Connor Campbell said a lack of real news "seemed to be sterling's best friend", allowing the currency to settle last week's nerves.
"The ongoing situation surrounding Theresa May, Boris Johnson and the rest of the Conservative party remains the dominant driver of trading. The latest twist was a leaked message from the Foreign Secretary to the Tory MPs' WhatsApp group, stating he was 'sick to the back teeth' of his 'so-called friends and allies' briefing papers against the Prime Minister.
"While this intervention perhaps further undermines May by placing Johnson in the role of disciplinarian, for now it takes a bit more steam out of this (umpteenth) plot to get rid of the PM, in the process further reassuring the pound. Sterling's now up 0.6% against both the dollar and the euro, an improvement on the 0.4% rebound seen in the early hours of trading."
The top-flight index tends to take a hit when the pound gains as around 70% of its constituents derive most of their earnings from abroad.
In UK corporate news, Lancashire Holdings advanced as it estimated net losses announced hurricanes Harvey, Irma and Maria, and the two recent earthquake loss events in Mexico would be in a range of $106m to $212m after anticipated recoveries from its outwards reinsurance programme, and the impact of outwards and inwards reinstatement premiums.
Centamin shone after reporting record third-quarter gold production at its Sukari mine in Egypt.
Millennium & Copthorne surged after City Developments, which is part of Singaporean billionaire Kwek Leng Beng's Hong Leong Group, offered to buy the remaining shares in the company in a deal that values it around £1.8bn.
Going the other way, AstraZeneca ticked up after its osimertinib treatment for patients advanced metastatic non-small cell lung cancer was given 'breakthrough therapy designation' for a potential upgrade to first-line treatment by the US drug regulator.
Medical technology business Smith & Nephew was in the red after announcing that Olivier Bohuon will retire by the end of 2018 after seven years as chief executive officer.
Wood Group retreated as it started trading as an enlarged company after completing its acquisition of Amec Foster Wheeler, making assuring noises about integration and expected cost savings.
BT and TalkTalk were under the cosh after Citigroup downgraded its rating on both stocks, while Centrica took a hit after Goldman Sachs cut its earnings per share estimates for the utility.
However, Telecom Plus was lifted by an upgrade to 'outperform' at RBC Capital Markets. |
| | 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) 7,507.89 -0.20%
FTSE 250 (MCX) 20,102.56 -0.32%
techMARK (TASX) 3,540.14 -0.30%
FTSE 100 - Risers
Reckitt Benckiser Group (RB.) 6,938.00p 1.49%
Admiral Group (ADM) 1,875.00p 1.19%
Associated British Foods (ABF) 3,305.00p 1.01%
Randgold Resources Ltd. (RRS) 7,500.00p 0.94%
BAE Systems (BA.) 618.50p 0.90%
British American Tobacco (BATS) 4,815.50p 0.79%
TUI AG Reg Shs (DI) (TUI) 1,295.00p 0.78%
Coca-Cola HBC AG (CDI) (CCH) 2,566.00p 0.63%
Direct Line Insurance Group (DLG) 366.40p 0.58%
InterContinental Hotels Group (IHG) 4,115.00p 0.54%
FTSE 100 - Fallers
Anglo American (AAL) 1,431.00p -3.38%
Rio Tinto (RIO) 3,627.00p -2.24%
easyJet (EZJ) 1,236.00p -2.14%
Antofagasta (ANTO) 981.00p -1.65%
Smith & Nephew (SN.) 1,370.00p -1.58%
Sainsbury (J) (SBRY) 238.40p -1.49%
Hammerson (HMSO) 526.50p -1.40%
Glencore (GLEN) 362.15p -1.29%
BT Group (BT.A) 279.50p -1.29%
Paddy Power Betfair (PPB) 7,590.00p -1.24%
FTSE 250 - Risers
Millennium & Copthorne Hotels (MLC) 560.00p 23.08%
Provident Financial (PFG) 908.00p 6.82%
Hochschild Mining (HOC) 228.90p 4.33%
Acacia Mining (ACA) 191.40p 3.69%
Ted Baker (TED) 2,820.00p 3.68%
Man Group (EMG) 176.50p 3.28%
Spire Healthcare Group (SPI) 228.60p 3.16%
Telecom Plus (TEP) 1,146.00p 2.41%
Sophos Group (SOPH) 585.00p 2.18%
Pagegroup (PAGE) 514.50p 1.88%
FTSE 250 - Fallers
Ferrexpo (FXPO) 281.70p -5.18%
Rank Group (RNK) 222.00p -5.09%
IP Group (IPO) 135.00p -3.50%
Marston's (MARS) 104.50p -3.25%
Galliford Try (GFRD) 1,343.00p -3.17%
Domino's Pizza Group (DOM) 302.40p -3.17%
Alfa Financial Software Holdings (ALFA) 500.00p -2.91%
TBC Bank Group (TBCG) 1,631.00p -2.86%
Greene King (GNK) 520.00p -2.80%
Vectura Group (VEC) 100.90p -2.79% |
| | Market Analysis 09/10/2017 Today’s highlights: USD smashes Turkish Lira - Wall Street ends week lower: After an 8-day winning streak, the S&P 500 closed lower on Friday, joined by the Dow Jones. The trend reversal is attributed to disappointing job data released on Friday. At the same time, the Nasdaq ended the week in slight gains.
- Turkish Lira tumbles 4%: Following an announcement on Friday by the US government, which said it is suspending visa services in its embassy in Ankara, the Dollar jumped against the Turkish Lira, rising more than 4% overall.
Read More... |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe close: Stocks end slightly higher Stocks on the Continent finished the session slightly higher on optimism percolating in bond markets that a political solution might be found to the impasse between the regional authorities in Catalonia and the central government.
At the close of trading, the benchmark Stoxx 600 was ahead by 0.19% or 0.74 points at 390.21, alongside gains of 0.11% or 5.93 points to 5,365.83 for the Cac-40 and a rise of 0.16% or 20.46 points to 12,976.40 in the German Dax.
Spain's Ibex 35 on the other hand was up by 0.50% or 50.50 points to 10,236.0, with the yield on the country's 10-year government bond down by three basis points at 1.68%.
At the weekend, almost 1.0m people (350,000 according to local authorities) marched through Barcelona in defence of Spanish unity. Additionally, Madrid made an official apology for the violence that marred the previous weekend's illegal referendum.
Nonetheless, by the close of trading it remained unclear whether the regional president of Catalonia, Carles Puigdemont, would issue a declaration of independence the next day, at 1700 BST, or if he might sincerely try to bridge the gap.
In a speech on Monday evening, Barcelona mayor Ada Colau called on both sides to come to the table, albeit while calling for outside mediation.
On the other hand, members of the PDeCat party - Puigdemont's own - appeared to issue conflicting remarks to the BBC and Spanish radio regarding Puigdemont's intention.
Meanwhile, in Madrid, various politicians and political figures played down the threat of arrest against Puigdemont as some protesters at the weekend had called for, insisting that it was for the courts to decide on any legal responsibilities linked to the illegal independence referendum.
Commenting on the situation in Catalonia, analysts at Barclays Research said Saturday's demonstrations in Barcelona made a unilateral declaration of independence "marginally less likely".
In any case, whether or not Puigdemont were to renounce making a unilateral declaration of independence or opted instead to go ahead, leading Madrid to suspend some of the region's autonomy, snap regional elections in Catalonia were now the most likely scenario, Barclays said.
Farther afield, the US dollar jumped 3.0% to 3.7233 versus the Turkish lira, after America and Turkey froze consular services for each other following the arrest of a US consulate worker the week before.
On the economic front, Sentix's euro area investor confidence index for October advanced 1.5 points to 29.7 - a new 10 -year high.
Sentix concluded that the elections to the Bundestag could be considered a "success", adding that the global economic engine continues to gain strength.
Industrial production in Germany jumped by 2.6% month-on-month in August, led by a 4.8% rise in output of capital goods, according to the Ministry of Finance, dwarfing forecasts for an increase of 0.8%.
As far as the corporate news-flow was concerned, speaking to Handelsblatt Credit Agricole boss Philippe Brassac said the lender would be interested in Commerzbank if it were put on the auction block.
Down under, France's Accor offered £920m (£701m) for Mantra Group as it seeks to merge the two largest hotel owners in that country.
According to La Stampa, Spain's stockmarket regulator was set to authorise Italian rival Atlantia's takeover of Abertis. |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | US Market Report | | US open: Stocks in the red after strong jobs report for September Wall Street was trading on a slightly mixed note but off its session lows following an unexpectedly sharp drop in the country's jobless rate alongside a sharp pick-up in earnings growth.
At 1446 BST, the Dow Jones Industrial Average was drifting lower by 0.06% or 14.21 points to 22,761.18, alongside a dip of 0.14% or 3.56 points on the S&P 500 to 2,548.51 while the Nasdaq Composite was flat at 6,585.63.
In parallel, the yield on the benchmark 10-year US Treasury note was higher by five basis points at 2.39%.
On Thursday, the DJIA closed at a record level for the 56th time this year. Meanwhile, the S&P notched its sixth straight record close and 43rd this year.
Although non-farm payrolls in the US shrank unexpectedly in September, dropping by 33,000, the first negative reading for seven years, unemployment fell from 4.4% to 4.2% - the lowest reading since January 2001.
Furthermore, wage growth accelerated to a 0.5% month-on-month clip (consensus: 0.3%), the Department of Labor said.
"Overall, this was a mixed report, with a much stronger-than-expected drag from the hurricanes in September, but at the same time, the unemployment rate fell unexpectedly and earnings growth was more robust than anticipated. We think that the FOMC will want to separate noise from signal and will likely interpret the weakness as temporary and driven by special factors," said Blerina Uruci and Pooja Sriram at Barclays Research.
Aside from the data, investors were also watch for speeches later in the day by Dallas Fed President Rob Kaplan, New York Fed chief William Dudley and St Louis Fed boss James Bullard.
In remarks to CNBC earlier in the day, Kaplan reportedly said he was still undecided about whether to tighten policy in December.
On the corporate front, Costco Wholesale was a big faller even after it posted worse than expected quarterly profits and earnings.
From a sector standpoint, distillers were doing best, gaining 3.07%, alongside gains of 1.62% the Coal index and of 1.51% for non-ferrous metals.
Netflix shares on the other hand were little changed despite announcing it was raising the price of its two-screen high definition subscription from $9.99 to $10.99 and that for being able to watch on four screens and in ultra-high definition from $11.99 to $13.99.
Meanwhile, just before the opening bell Kellogg said it would acquire Rxbar for $600m
Elsewhere, Yum Brands spin-off Yum China Holdings was also in focus after announcing its first dividend and an increased share buyback plan.
Stock in data operator Switch was rocketing 44% on its first day of trading.
Dow Jones - Risers
Travelers Company Inc. (TRV) $125.00 0.45%
American Express Co. (AXP) $91.55 0.43%
McDonald's Corp. (MCD) $159.47 0.42%
Unitedhealth Group Inc. (UNH) $198.71 0.41%
JP Morgan Chase & Co. (JPM) $97.34 0.26%
Cisco Systems Inc. (CSCO) $33.67 0.24%
Goldman Sachs Group Inc. (GS) $246.55 0.20%
Nike Inc. (NKE) $52.27 0.17%
Pfizer Inc. (PFE) $36.06 0.15%
Merck & Co. Inc. (MRK) $64.68 0.12%
Dow Jones - Fallers
Verizon Communications Inc. (VZ) $49.07 -1.41%
Chevron Corp. (CVX) $117.64 -0.79%
Walt Disney Co. (DIS) $99.39 -0.72%
General Electric Co. (GE) $24.39 -0.63%
Wal-Mart Stores Inc. (WMT) $78.96 -0.57%
Exxon Mobil Corp. (XOM) $81.57 -0.55%
Apple Inc. (AAPL) $154.92 -0.30%
Coca-Cola Co. (KO) $45.40 -0.27%
Boeing Co. (BA) $258.21 -0.26%
Microsoft Corp. (MSFT) $75.89 -0.11%
S&P 500 - Risers
Motorola Solutions Inc (MSI) $89.01 3.50%
Western Digital Corp. (WDC) $85.55 2.36%
United Continental Holdings Inc. (UAL) $65.75 2.22%
Mallinckrodt Plc Ordinary Shares (MNK) $36.23 2.06%
Vertex Pharmaceuticals Inc. (VRTX) $155.27 1.95%
Charles Schwab Corp. (SCHW) $45.99 1.80%
Best Buy Co. Inc. (BBY) $58.49 1.74%
Endo International Plc (ENDP) $8.81 1.73%
Yum! Brands Inc. (YUM) $75.80 1.64%
American Airlines Group (AAL) $51.35 1.57%
S&P 500 - Fallers
Costco Wholesale Corp. (COST) $157.87 -5.51%
Iron Mountain Inc (New) (IRM) $37.80 -3.10%
Hess Corp. (HES) $44.38 -2.48%
Frontier Communications Co. (FTR) $11.88 -2.30%
Transocean Ltd. (RIG) $10.30 -2.28%
National Oilwell Varco Inc. (NOV) $35.24 -2.18%
Kansas City Southern (KSU) $105.16 -2.09%
FMC Corp. (FMC) $89.90 -1.98%
Chesapeake Energy Corp. (CHK) $4.22 -1.98%
Freeport-McMoRan Inc (FCX) $14.46 -1.97%
Nasdaq 100 - Risers
Western Digital Corp. (WDC) $85.55 2.36%
Incyte Corp. (INCY) $116.20 2.32%
Vertex Pharmaceuticals Inc. (VRTX) $155.27 1.95%
American Airlines Group (AAL) $51.35 1.57%
T-Mobile Us, Inc. (TMUS) $62.37 1.38%
Biomarin Pharmaceutical Inc. (BMRN) $95.32 0.95%
Cintas Corp. (CTAS) $149.39 0.93%
J.B. Hunt Transport Services Inc. (JBHT) $107.83 0.90%
Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $58.93 0.89%
Regeneron Pharmaceuticals Inc. (REGN) $467.08 0.79%
Nasdaq 100 - Fallers
Costco Wholesale Corp. (COST) $157.87 -5.51%
Liberty Global Plc Lilac Class A (LILA) $24.71 -2.56%
Liberty Global Plc Lilac Class C (LILAK) $24.58 -2.29%
Tractor Supply Company (TSCO) $61.36 -1.75%
Wynn Resorts Ltd. (WYNN) $144.64 -1.58%
Walgreens Boots Alliance, Inc. (WBA) $75.89 -1.38%
PACCAR Inc. (PCAR) $73.77 -1.28%
Shire Plc Ads (SHPG) $151.84 -0.98%
Citrix Systems Inc. (CTXS) $79.02 -0.82%
Hasbro Inc (HAS) $95.79 -0.82% |
| | Broker Tips | | Monday broker round-up BT Group: Citigroup downgrades to Neutral with a target price of 310p. TalkTalk: Citigroup downgrades to Sell with a target price of 180p.
Metro Bank: Goldman Sachs upgrades to Neutral with a target price of 3400p.
TP ICAP: Macquarie downgrades to Neutral with a target price of 503p.
Telecom Plus: RBC upgrades to Outperform with a target price of 1400p.
Ferrexpo: Deutsche Bank downgrades to Hold with a target price of 280p.
HSBC: Goldman Sachs reiterates Neutral with a target price of 845p.
AstraZeneca: HSBC reiterates Reduce with a target price of 4150p.
Reckitt Benckiser: Berenberg reiterates Buy with a target price of 8500p.
Hollywood Bowl Group: Berenberg reiterates Buy with a target price of 220p. | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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