| | | | | | | 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 open: Stocks edge higher ahead of unemployment, earnings data London stocks edged higher in early trade on Wednesday as investors eyed the release of the latest UK wages and unemployment data.
At 0840 BST, the FTSE 100 was up 0.2% to 7,532.99, while the pound was down 0.1% against the euro and the dollar at 1.1204 and 1.3177, respectively.
The ILO unemployment rate is due at 0930 BST, along with average earnings and the claimant count rate.
The headline unemployment rate is expected to remain at 4.3%, while the more timely claimant count change reading is expected to jump from -2.8k to 1.3k month-on-month.
More attention will be focused on wages as only a powerful surprise is felt likely to knock the Bank of England off course from raising interest rates next month.
Average earnings index for the 3 months to August are forecast to come in at the same 2.1% as they did a month earlier, increasing the squeeze on real wages with August's inflation reading at 2.9% and since rising to 3.0% in September's.
Said Spreadex analyst Connor Campbell: "The Bank of England has proven reticent to raise rates with wage growth so stagnant, fearing what a further squeeze on household income would do to the UK's consumer spending-reliant economy. Such earnings index figures as we are expecting to get this morning, then, are a blow to sterling's rate hike hopes."
In corporate news, Rio Tinto nudged a touch higher despite being slapping with a £27.4m fine by the City watchdog for failings in its financial reporting process relating to the $3.7bn purchase of mining assets in Mozambique, an issue that US regulators are alleging amounts to corporate fraud.
British Airways and Iberia parent International Consolidated Airlines Group flew higher as Credit Suisse bumped up its target on the stock, while FTSE 250 wealth manager Rathbone Brothers advanced as it reported a jump in assets in the third quarter as inflows grew.
BHP Billiton edged up despite posting a drop in quarterly iron ore output, as it still expects to meet full-year production targets.
IT services group Softcat rallied after lifting its dividend as it reported a jump in annual profit and revenue, while Spectris was a touch firmer after completing the acquisition of privately-held US company Omnicon for an initial consideration of $29m.
Gold miner Hochschild shone after saying it achieved record production levels in the third quarter.
On the downside, Reckitt Benckiser was in the red after downgrading its full year guidance as it came through a "soft" third quarter amid continued challenges in its personal health products market.
AstraZeneca ticked down even as it said that it and Merck & Co have been granted priority review by the US Food and Drug Administration for a supplemental new drug application for the use of Lynparza (olaparib) tablets in patients with metastatic breast cancer who have been previously treated with chemotherapy. |
| | 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) 7,532.99 0.22%
FTSE 250 (MCX) 20,180.65 0.25%
techMARK (TASX) 3,554.20 0.19%
FTSE 100 - Risers
International Consolidated Airlines Group SA (CDI) (IAG) 653.00p 2.75%
Berkeley Group Holdings (The) (BKG) 3,877.00p 1.17%
G4S (GFS) 278.50p 1.02%
Admiral Group (ADM) 1,899.00p 1.01%
Smurfit Kappa Group (SKG) 2,170.00p 0.93%
ITV (ITV) 174.80p 0.75%
Centrica (CNA) 172.40p 0.70%
DCC (DCC) 7,225.00p 0.70%
easyJet (EZJ) 1,325.00p 0.68%
National Grid (NG.) 931.30p 0.68%
FTSE 100 - Fallers
Convatec Group (CTEC) 209.60p -1.60%
Reckitt Benckiser Group (RB.) 6,937.00p -1.39%
Sainsbury (J) (SBRY) 245.00p -1.09%
Mediclinic International (MDC) 639.50p -0.93%
Intertek Group (ITRK) 5,095.00p -0.59%
Shire Plc (SHP) 3,820.00p -0.49%
CRH (CRH) 2,711.00p -0.48%
Pearson (PSON) 665.00p -0.30%
Merlin Entertainments (MERL) 376.90p -0.29%
GKN (GKN) 305.20p -0.26%
FTSE 250 - Risers
Softcat (SCT) 453.00p 3.14%
Tullow Oil (TLW) 187.10p 2.46%
Euromoney Institutional Investor (ERM) 1,162.00p 2.02%
IP Group (IPO) 142.40p 1.71%
BTG (BTG) 739.00p 1.65%
Ashmore Group (ASHM) 383.20p 1.62%
Capital & Counties Properties (CAPC) 267.00p 1.60%
Big Yellow Group (BYG) 810.00p 1.50%
Hochschild Mining (HOC) 224.50p 1.40%
Computacenter (CCC) 1,019.00p 1.39%
FTSE 250 - Fallers
PZ Cussons (PZC) 315.60p -2.11%
Hikma Pharmaceuticals (HIK) 1,162.00p -1.69%
Provident Financial (PFG) 890.00p -1.66%
Fidelity European Values (FEV) 225.00p -1.32%
P2P Global Investments (P2P) 775.00p -0.96%
GCP Infrastructure Investments Ltd (GCP) 125.10p -0.95%
Syncona Limited NPV (SYNC) 190.00p -0.78%
Monks Inv Trust (MNKS) 731.50p -0.75%
Inmarsat (ISAT) 603.50p -0.74% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | UK Event Calendar | | Wednesday October 18
INTERIMS
U And I Group
INTERIM DIVIDEND PAYMENT DATE
IDOX, Non-Standard Finance, Somero Enterprises Inc. (DI), Standard Life Aberdeen
QUARTERLY PAYMENT DATE
Assura
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Building Permits (US) (13:30)
Crude Oil Inventories (US) (15:30)
Housing Starts (US) (13:30)
MBA Mortgage Applications (US) (12:00)
FINALS
Softcat
IMSS
Rathbone Brothers
DRILLING REPORT
Hochschild Mining
AGMS
BATM Advanced Communications Ltd., India Capital Growth Fund Ltd.
TRADING ANNOUNCEMENTS
Reckitt Benckiser Group
UK ECONOMIC ANNOUNCEMENTS
Claimant Count Rate (09:30)
Unemployment Rate (09:30)
FINAL DIVIDEND PAYMENT DATE
Stewart & Wight
|
| | US Market Report | | US close: Markets finish higher amid busy earnings season US markets finished in the green on Tuesday, with the Dow closing just short of the 23,000 mark which it breached for the first time ever earlier in the session, amid a busy third quarter earnings season on Wall Street.
The Dow Jones Industrial Average finished up 0.18% at 22,997.44, the S&P 500 added 0.07% to 2,559.36, and the Nasdaq 100 ended the session 0.13% firmer at 6,122.61.
Morgan Stanley was on the front foot, rising 0.37% 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 traded in contrast to Goldman Sachs, with shares in the latter closing 2.61% 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 by 1.58% - but still not far 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 5.3 million subscribers against expectations of 4.5 million.
Health insurer UnitedHealth Group and Johnson & Johnson were top gainers following their latest updates to investors, finishing the session up 5.53% and 3.43% respectively.
Harley-Davidson was also in focus, rising 2.04% even after the motorcycle maker said third-quarter profit declined 40% amid weakened demand.
Sears was also active after the chief investment officer of the second-largest shareholder stepped down from the struggling department store chain's board of directors - its shares closed 3.34% lower.
IBM was down just 0.2% ahead of reporting its figures 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."
Sayed said 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."
Dow Jones - Risers
Unitedhealth Group Inc. (UNH) $203.89 5.53%
Johnson & Johnson (JNJ) $140.90 3.43%
Nike Inc. (NKE) $52.00 1.23%
Verizon Communications Inc. (VZ) $48.42 0.64%
Pfizer Inc. (PFE) $36.21 0.61%
Apple Inc. (AAPL) $160.47 0.37%
Wal-Mart Stores Inc. (WMT) $85.98 0.28%
Walt Disney Co. (DIS) $98.36 0.27%
United Technologies Corp. (UTX) $119.36 0.26%
McDonald's Corp. (MCD) $165.40 0.24%
Dow Jones - Fallers
Goldman Sachs Group Inc. (GS) $235.93 -2.61%
General Electric Co. (GE) $23.19 -0.73%
Caterpillar Inc. (CAT) $130.52 -0.71%
Visa Inc. (V) $107.54 -0.68%
Home Depot Inc. (HD) $163.35 -0.53%
3M Co. (MMM) $217.71 -0.44%
Boeing Co. (BA) $258.57 -0.43%
Procter & Gamble Co. (PG) $92.80 -0.37%
American Express Co. (AXP) $91.68 -0.29%
JP Morgan Chase & Co. (JPM) $97.62 -0.22%
S&P 500 - Risers
W.W. Grainger Inc. (GWW) $205.42 12.65%
PG&E Corp. (PCG) $57.44 7.51%
Unitedhealth Group Inc. (UNH) $203.89 5.53%
Tenet Healthcare Corp. (THC) $13.60 5.34%
Navient Corporation (NAVI) $12.20 4.01%
Johnson & Johnson (JNJ) $140.90 3.43%
Centene Corp. (CNC) $93.78 3.17%
Advance Auto Parts (AAP) $88.09 3.02%
Chipotle Mexican Grill Inc. (CMG) $329.32 2.82%
Universal Health Services Inc. (UHS) $108.46 2.73%
S&P 500 - Fallers
Mosaic Company (MOS) $21.07 -3.84%
CenturyLink Inc. (CTL) $19.02 -3.74%
Micron Technology Inc. (MU) $40.39 -2.65%
Teradata Corp. (TDC) $32.09 -2.61%
Goldman Sachs Group Inc. (GS) $235.93 -2.61%
Transocean Ltd. (RIG) $10.79 -2.44%
Charles Schwab Corp. (SCHW) $43.39 -2.41%
Gap Inc. (GPS) $26.55 -2.39%
NRG Energy Inc. (NRG) $26.00 -2.38%
Level 3 Communications, Inc. (LVLT) $53.54 -2.23%
Nasdaq 100 - Risers
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $202.28 4.43%
CSX Corp. (CSX) $54.23 2.63%
Biogen Inc (BIIB) $344.47 2.62%
Hologic Inc. (HOLX) $36.81 2.53%
Amgen Inc. (AMGN) $186.19 2.36%
Liberty Interactive Corporation QVC Group (QVCA) $22.92 1.78%
Alexion Pharmaceuticals Inc. (ALXN) $143.16 1.65%
Celgene Corp. (CELG) $138.86 1.57%
Tesla Inc (TSLA) $355.75 1.47%
Fastenal Co. (FAST) $47.94 1.44%
Nasdaq 100 - Fallers
Liberty Global Plc Lilac Class A (LILA) $21.91 -3.78%
Liberty Global Plc Lilac Class C (LILAK) $22.20 -2.97%
Micron Technology Inc. (MU) $40.39 -2.65%
Shire Plc Ads (SHPG) $152.05 -2.08%
Broadcom Limited (AVGO) $242.62 -1.64%
Netflix Inc. (NFLX) $199.48 -1.58%
Ctrip.Com International Ltd. Ads (CTRP) $54.61 -1.55%
Seagate Technology Plc (STX) $33.96 -1.54%
Charter Communications Inc. (CHTR) $357.84 -1.31% |
| | Newspaper Round Up | | Wednesday newspaper round-up: Sainsbury's, Rio Tinto, Monarch Sainsbury's is axing 2,000 store and back office roles as the supermarket chain looks to slash costs by £500m amid an intensifying price war with Aldi and Lidl. The retailer is restructuring its HR departments, getting rid of 1,400 store-based clerks and another 600 staff based in the back offices that serve the chain as well as Argos and Sainsbury's bank. - Guardian
Proposals to crack down on "overpriced" service charges and "unfair" costs paid by renters and leaseholders in England have been unveiled by the government. Sajid Javid, the communities secretary, said ministers were considering changing the law to create a fairer property management system and make it easier to outlaw "rogue" letting and management agents. - Guardian
Rio Tinto has been charged with fraud in the US and handed down a £27.4m fine in the UK over its handling of its coal assets in Mozambique. FTSE 100 miner Rio was charged in the US together with two of its former executives for allegedly inflating the value of the assets, which it bought at $3.7bn (£2.8bn) in 2011, but sold a few years later at $50m. - Telegraph
The UK Government is hoping to tighten its grasp on merger and takeover deals in the interest of national security, setting out fresh rules that has left some City advisers on edge. Business and energy secretary Greg Clark has proposed new laws aimed at enabling the Government to intervene in deals in certain sectors, such as companies making military products, even if they are below a certain size. - Telegraph
Complacent water companies that are not delivering a good enough service and lack transparency are making the case for renationalisation better than the Labour party, the industry's regulator has warned. In a withering attack on a sector that she believes is ignoring growing calls for it be taken back into public hands, Cathryn Ross, chief executive of Ofwat, said that the industry needed to wake up to claims that private investors were "lining their own pockets". - The Times
The Civil Aviation Authority has defended its actions over the collapse of Monarch Airlines, saying that it was not to blame for the carrier going into administration. Responding to suggestions that Monarch had been capable of continuing to operate after October 2, the regulator said that it could do nothing because the airline had failed to make a credible application for the renewal of its Atol consumer protection licence. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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