Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Thursday, 30 November 2017 19:15:30 Monitor Quote Charts News CFD's Compare Brokers Free BB   Who pockets your portfolio's profits? You or your broker? Make sure you’re not paying too much for your portfolio’s account admin by choosing fixed over percentage-based fees. Capital at risk. Read more London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Sterling advance saps Footsie strength Stocks closed lower on Thursday, surrendering to pound strength amid optimism over recent progress in Brexit talks and following a report that Britain is close to agreeing a deal over the Northern Ireland border. The FTSE 100 was down 0.90% to 7,326.67, while the pound was up 0.2% against the euro at 1.1341 and 0.7% firmer against the dollar at 1.3502. European markets also closed lower with the DAX down 0.29% to 13,023.98, the CAC40 0.47% weaker at 5,372.79 and the IBEX35 slipping 0.55% to 10,211.00. Prime Minister Theresa May - who has until Monday to make a fresh offer on key divorce issues if the UK is to move ahead to the next step in Brexit talks - insisted the UK is still negotiating with the EU over a divorce payout following reports of a £50bn settlement. Oanda analyst Craig Erlam said: "The pound hit a two-month high against the dollar on Wednesday and has now reached a similar high against the euro. The pair may find support around 0.8750 having done so on the last two occasions in September and earlier this month. A break below here could be quite a bearish signal for the pair, with next support coming around 0.8650." Meanwhile, oil prices ticked lower, as Thursday's OPEC meeting came to a close in Vienna, amid reports that ministers have agreed the current deal should be extended until the end of next year. West Texas Intermediate was 0.02% weaker at $57.28 a barrel and Brent crude was down 1.93% to $61.89. Investors were also digesting the latest survey from Nationwide, which showed annual UK house price growth was stable in November. House prices grew by 2.5% this month, unchanged from November last year and missing expectations for a 2.7% increase. On the month, prices were 0.1% higher, down from a 0.2% rise in October and below expectations for it to remain unchanged. Meanwhile, the latest survey from GfK showed UK consumer confidence waned more than expected this month. GfK's consumer confidence index slipped to -12, the same level as the month after the Brexit vote, down from -10 the month before and slightly worse than the City forecasts of -11. In corporate news, BAE Systems was in the black after agreeing to pay more into its pension schemes to deal with a £2.1bn deficit by the year 2026.The defence company said it would increase payments into the schemes from about £205m a year to £220m from 2018 with payments rising in line with group dividends. Life insurer Aviva rallied as it upped its long-term earnings and dividend guidance and said it has £3bn of excess cash that will be used to pay down £0.9bn debt next year, as well as making bolt-on acquisitions and funding shareholder returns over 2018 and 2019. Mediclinic was trading higher after a double upgrade to 'buy' from Jefferies, which said it expects mid-term return on invested capital to improve more than the market is forecasting. Pub operator Marston's surged after it posted a 10% jump in full-year revenue and a 3% rise in pre-tax profit. Go-Ahead fell despite saying the rail operator maintained its full-year expectations as it said revenues from its train services have risen in recent months. On the downside, GlaxoSmithKline fell as it announced that ViiV Healthcare, the global specialist HIV company it majority owns with Pfizer and Shionogi as shareholders, has confirmed the start of HPTN 084 - a phase III study to evaluate long-acting cabotegravir for the prevention of HIV infection in sexually active women. TP ICAP rose after saying it has acquired independent agency broker Coex Partners for an initial payment of £7.1m, with performance-related payments possible at various dates over the next four years. Pub operator Greene King fell sharply after reporting an 8% drop in interim underlying pre-tax profit, while residential landlord Grainger declined even as it posted a 2% increase in full-year pre-tax profit. Oil services group Lamprell gushed lower after warning that earnings for 2017 are likely to be "materially below" current market expectations as its East Anglia offshore windfarm project is expected to make a "significant" loss. Bellway, Telecom Plus, Johnson Matthey, IAG and Land Securities were all weaker as their stock went ex-dividend. FatPROPHETS Successful stock recommendations since 2000 Fat Prophets is a stock market research house that specialises in assisting value based investors with buy, hold and sell recommendations Click Here Market Movers FTSE 100 (UKX) 7,326.67 -0.90% FTSE 250 (MCX) 19,952.89 -0.53% techMARK (TASX) 3,434.39 -0.82% FTSE 100 - Risers Mediclinic International (MDC) 565.50p 4.72% BT Group (BT.A) 260.80p 2.11% Convatec Group (CTEC) 194.00p 1.52% BAE Systems (BA.) 552.00p 1.47% TUI AG Reg Shs (DI) (TUI) 1,364.00p 1.34% United Utilities Group (UU.) 820.50p 1.30% Centrica (CNA) 144.60p 1.26% Worldpay Group (WPG) 422.00p 0.96% ITV (ITV) 159.90p 0.95% Standard Life Aberdeen (SLA) 430.20p 0.94% FTSE 100 - Fallers AstraZeneca (AZN) 4,777.00p -2.51% British American Tobacco (BATS) 4,689.00p -2.35% Prudential (PRU) 1,859.50p -2.16% GlaxoSmithKline (GSK) 1,280.00p -2.14% Associated British Foods (ABF) 2,948.00p -2.12% Randgold Resources Ltd. (RRS) 6,775.00p -2.02% Tesco (TSCO) 194.05p -1.99% CRH (CRH) 2,566.00p -1.99% Persimmon (PSN) 2,540.00p -1.97% Carnival (CCL) 4,766.00p -1.91% FTSE 250 - Risers Marston's (MARS) 115.00p 9.73% TalkTalk Telecom Group (TALK) 153.10p 5.37% RPC Group (RPC) 924.00p 3.30% Nex Group (NXG) 593.50p 2.95% Vectura Group (VEC) 96.75p 2.93% Brewin Dolphin Holdings (BRW) 361.20p 2.76% P2P Global Investments (P2P) 808.00p 2.60% TBC Bank Group (TBCG) 1,578.00p 2.53% Mitchells & Butlers (MAB) 267.10p 2.49% Pets at Home Group (PETS) 175.10p 2.47% FTSE 250 - Fallers Sophos Group (SOPH) 568.50p -5.80% Capita (CPI) 466.50p -5.72% Evraz (EVR) 286.30p -4.53% Vedanta Resources (VED) 692.50p -4.15% Equiniti Group (EQN) 293.80p -3.86% Hochschild Mining (HOC) 228.35p -3.86% Petrofac Ltd. (PFC) 420.60p -3.71% Greene King (GNK) 520.00p -3.70% Restaurant Group (RTN) 286.70p -3.69% Following the financial crisis, high street banks have funded fewer SME housebuilders Alternative finance providers are stepping in to fill this void, offering investors high margins and attractive returns. One of these lenders, Clearwell Capital is currently fundraising with a 3-year secured bond paying 10% per annum. Click here to find out more. Capital at risk. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Euro area stocks end month on a down note Another run higher in euro area stocks petered out as the day wore on, despite another strong showing for shares on Wall Street and despite reports that Germany's Social Democrats are preparing for an alliance with German chancellor Angela Merkel's CDU/CSU. According to Bloomberg, SPD leaders were preparing a party convention for 7-9 December in order to allow members a vote on such a move. The ebbing in the buying pressure followed another push higher, the day before, which evaporated on the back of heavy selling in the technology space. At the closing bell, the benchmark Stoxx 600 was down by 0.33% or 1.27 points to 386.69, alongside a drop of 0.29% or 37.89 points to 13,023.98 for the German Dax and a rise of 0.19% or 42.35 points to 22,368.29 in the FTSE Mibtel. Euro/dollar on the other hand had reversed course to trade 0.33% higher to 1.1890 on the back of the latest news out of Germany. Commenting on the situation in European stockmarkets at the end of the month, Michael Hewson, chief market analyst at CMC Markets UK, said: "In contrast European markets have underperformed even though the DAX made a new record high earlier this month it looks as if we could well finish the month lower across the board, with the FTSE100 also below its October close. "This underperformance of European markets may well be down to the slide in the US dollar this month which has seen both the euro and the pound regain ground." Meanwhile, on the economic front, consumer prices in the Eurozone rose by less than expected in November. According to a preliminary estimate from Eurostat, headline CPI advanced at a 1.5% year-on-year clip in November, up from 1.4% in the month before (consensus: 1.6%). At the 'core' level, the rate of gains in CPI was unchanged from the month before at 0.9% on the year. Yet joblessness in the single currency bloc continued to decline in October, with the rate of unemployment slippined from 8.9% in the month before to 8.8% (consensus: 8.9%). The same was true for Germany in November, where unemployment fell by 18,000 after a downwardly revised decrease of 12,000 in the month before (consensus: -10,000). On the corporate side of things, shares of Credit Suisse were 3% higher after telling investors it was aiming to distribute half its net profits in 2019 and 2020 as share buybacks and special dividends. Elsewhere, Unicredit may be near to selling its remaining 49% stake in the FINO 1 financial vehicle to which it transferred €15.5bn in bad debt, Il Messaggero reported. Cryptocurrencies Report Top Cryptocurrencies # Name Market Cap($) Price(%) Change Price Graph(3m) 1 Bitcoin (BTC) 157,453,184,205  9,535.18  -3.51% 2 Ethereum (ETH) 39,583,710,814 420.49 -10.02% 3 Bitcoin Cash / BCC (BCH) 21,159,441,475 1,282.23 -16.13% 4 Ripple (XRP) 9,653,863,705 0.242403 -17.27% 5 DigitalCash (DASH) 5,674,138,421 729.01 +18.6%   See our full list of cryptocurrencies Latest reports from Atlantic Advisory, including GSK, BP, Lloyds....... Available Now: AstraZeneca, Bitcoin, Boohoo.com, BP, Carillion, Glaxo SmithKline, Glencore, Greatland Gold Plc, UK House Prices, Hurrancane Energy, IQE, Lloyds Banking Group, Barclays vs Lloyds, UK Oil and Gas, Provident Financial and Sirius Minerals. Click here to select your FREE REPORTS from Atlantic Advisory CFDs are leveraged products that carry a high level of risk to your capital. US Market Report US open: Stocks continue to barrel higher on tax cut hopes Wall Street continued to push higher at a furious pace amid greater optimism over the likelihood of US tax reforms and the potential impact they might have on stocks. At 1721 GMT, the Dow Jones Industrial Average was 1.28% or 304.19 points higher to 24,245.85, alongside a gain of 0.99% or 26.09 points for the S&P 500 to 2,652.64, while the Nasdaq Composite was ahead by 0.84% to 6,880.95. Investors were awaiting a final vote on the Republicans' tax bill, which could take place on Thursday evening. Commenting on the tax reform proposals making their way through the US Senate, economists at Oxford Economics said: "The Senate is on track to pass its version of tax reform later today or Friday. The next step would be to reconcile differences with the House version passed earlier this month. Tax reform has gained momentum and we think the odds that legislation will pass before year end have increased to 60-70%. "One possible wrinkle: at least one key Republican vote may hinge on passage of legislation to shore up the Affordable Care Act." In parallel, front month Brent crude oil futures were 0.54% higher to $63.43 a barrel as OPEC members agreed on maintaining their current reduced output until the end of 2018. Oanda analyst Craig Erlam said: "Wednesday's tech selloff is doing little to weigh on risk appetite ahead of the open on Thursday, with futures on all three major indices around a third of a percentage point higher, tracking broad gains in Europe. "With US indices trading around record highs it seems investors are currently willing to shrug off Wednesday's declines some of the biggest tech names, putting it down to profit taking rather than a sign of any underlying concerns given the already extended levels. With plenty of economic data to come today including income, spending and inflation - the Fed's preferred measure - as well as appearances from Federal Reserve officials, this positive risk appetite may well be put to the test at times." In corporate news, Juniper Networks was sharply lower after Finnish network equipment maker Nokia said it was not in talks about buying its California-based rival. Elsewhere, Sears shares were in focus after the department store chain reported a narrowing of fiscal third-quarter losses. Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 CNA Centrica plc 4.98 2 CLLN Carillion plc 2.62 3 GSK GlaxoSmithKline plc 1.69 4 SMT Scottish Mortgage Investment Trust 1.63 5 LLOY Lloyds Banking Group plc 1.40 6 BAB Babcock International Group 1.36 7 VRS Versarien plc 1.20 8 BOO Boohoo.com 1.08 9 NG. National Grid 1.03 10 XBT Provider AB 1.02 Number of Deals Sold Place EPIC Equity name % 1 LLOY Lloyds Banking Group plc 1.58 2 CLLN Carillion plc 1.53 3 EZJ easyJet plc 1.24 4 PFC Petrofac 1.12 5 RMG Royal Mail PLC 1.09 6 VRS Versarien plc 1.06 7 CNA Centrica plc 1.04 8 TSCO Tesco plc 1.03 9 GGP Greatland Gold Plc 0.97 10 BOO Boohoo.com 0.95 Broker Tips Broker tips: SIG, Barclays, Cineworld Jefferies upgraded insulation and roofing supplier SIG to 'buy' from 'hold' and lifted the price target to 200p from 150p saying the recent strategy day mapped out a credible turnaround plan. "The road will not be straight, but we expect management to fully deliver on their 5% margin targets in the medium term. Much of the turnaround lies within the group's control and is not predicated on rapid recovery in the group's end markets" it said. Jefferies pointed out that SIG's strategy is to achieve 5% return on sales and 15% return on capital employed margins in the medium term, while reducing leverage to less than 1x. It said that in essence, the strategy involves doing more with what the group already has. Management has identified three strategic levers, customer service, customer value and operational efficiency, supported by enhanced data and IT services. Threadneedle Street's stress tests are "somewhat negative" for the UK listed domestic banks, said Exane BNP Paribas on Tuesday, warning that it "raises questions over the speed to dividend normalisation". Exane noted that the £50bn of losses revealed in the Bank of England's stress tests were much larger than seen in the 2016 stress test and "are likely to raise concerns over the extent to which PRA buffers are required". The Bank said no banks needed to make changes as a result of the test, the first time it has been able to do this since the tests started in 2014, but its Financial Policy Committee will now review whether an additional capital cushion is needed. Such an extra buffer would be determined by the Prudential Regulation Authority. Exane added that by the time fully loaded requirements become binding at the start of 2019 these numbers might have changed markedly, with misconduct costs expected to fall markedly over the next year or two, "but the size of these losses will still raise question marks over these banks". Exane said its initial view is that Barclays "looks most vulnerable of the UK domestic banks to a PRA buffer" at the start of 2019, particularly given it also lost 450bps in last year's test and the PRA does not focus on just one year's numbers.   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

ADVFN Newsdesk - Optimism About Tax Reform May Lead To Strength On Wall Street

ADVFN  World Daily Markets Bulletin Daily world financial news Thursday, 30 November 2017 09:38:40    Monitor Quote Charts News Toplists Forex Boards   Stock option alerts by Antivestor. Free Trial. Consistently beat the stock market with 1 trade a day. 68.2% Success rate, Daily stock selection, No payment details needed.  Try for free now.  US Market NYSE AMEX Dow Jones Nasdaq Please click on the images to view our interactive charts The major U.S. index futures are pointing to a higher opening on Thursday following the mixed performance seen in the previous session. Early buying interest may be generated amid optimism about the outlook for tax reform after Senate Republicans cleared a key procedural hurdle. The Senate voted 52 to 48 along party lines to begin formal debate on the GOP tax reform bill after negotiations convinced Republican holdouts to vote for the legislation. The approval of the procedural motion sets the stage for a final Senate vote on the tax reform bill later this week, although some issues still need to be resolved. Stocks turned in a mixed performance during trading on Wednesday following the broad based rally seen in the previous session. While the Dow climbed to a new record closing high, the tech-heavy Nasdaq showed a sharp move to the downside. The major averages ended the day on opposite sides of the unchanged line. The Dow climbed 103.97 points or 0.4 percent to 23,940.68, the Nasdaq plunged 88.02 points or 1.3 percent to 6,824.34 and the S&P 500 edged down 0.97 points or less than a tenth of a percent to 2,626.07. The pullback by the Nasdaq was partly due to profit taking, as traders cashed in on recent strength among tech stocks amid concerns the companies won't see as much of a benefit from proposed tax reform. Semiconductor stocks showed a particularly steep drop, dragging the Philadelphia Semiconductor Index down by 4.4 percent. The index pulled back further off the record closing high set last Friday. Micron Technology (MU), Lam Research (LRCX), and Applied Materials (AMAT) turned in some of the semiconductor sector's worst performances on the day. Electronic storage, software, and internet stocks also saw significant weakness within the tech sector, moving lower along with gold stocks. On the other hand, transportation stocks showed a strong move to the upside, adding to the gains posted in the previous session. The Dow Jones Transportation Average surged up by 3.3 percent to a record closing high. Expedia (EXPD), CSX Corp. (CSX), Southwest Airlines (LUV), and Norfolk Southern (NSC) posted standout gains on the day. Banking stocks also extended the rally seen on Tuesday, driving the Dow Jones Banks Index up by 2.6 percent. The index reached its best closing level in almost ten years. The continued strength among banking stocks reflected optimism about tax reform as well as Federal Reserve Chair nominee Jerome Powell's comments calling financial regulations "tough enough." The mixed performance on Wall Street came as traders digested outgoing Fed Chair Janet Yellen's testimony before the Congressional Joint Economic Committee, which further solidified expectations the Fed will raise interest rates next month. In prepared remarks, Yellen said economic growth appears to have stepped up from its subdued pace early in the year. "The economic expansion is increasingly broad-based across sectors as well as across much of the global economy," Yellen said.  She added, "I expect that, with gradual adjustments in the stance of monetary policy, the economy will continue to expand and the job market will strengthen further, supporting faster growth in wages and incomes." Yellen noted inflation has continued to run below the Fed's 2 percent target but said recent lower readings on inflation likely reflect transitory factors. "With the minutes from the Fed's November meeting revealing that most officials still share Yellen's view that the recent weakness of inflation will prove transitory, a December rate hike still looks the most likely outcome," said Andrew Hunter, U.S. economist at Capital Economics. On the U.S. economic front, the Commerce Department released a report showing stronger than previously estimated economic growth in the third quarter. The report said real gross domestic product surged up by an upwardly revised 3.3 percent in the third quarter compared to the originally reported 3.0 percent jump. Economists had expected the increase in GDP to be upwardly revised to 3.2 percent. With the bigger than expected upward revision, the GDP growth in the third quarter is now stronger than the 3.1 percent increase seen in the second quarter. A separate report from the National Association of Realtors showed a much bigger than expected increase in pending home sales in the month of October. NAR said its pending home sales index surged up by 3.5 percent to 109.3 in October after dipping by 0.4 percent to a downwardly revised 105.6 in September. Economists had expected pending home sales to climb by 1.0 percent. A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale. Bitcoin Blueprint See How the Secret “Bitcoin Blueprint” Could Have Generated $1.64 Million in 72 Hours. There are now over 831 different alternative currencies driving this RED-HOT market. Click here to find out how to turn $20 into an absolute fortune with cryptocurrencies. US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts A report released by the Labor Department showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended November 25th. The report said initial jobless claims edged down to 238,000, a decrease of 2,000 from the previous week's revised level of 240,000. Economists had expected jobless claims to inch up to 240,000 from the 239,000 originally reported for the previous week.  A separate report from the Commerce Department showed personal income increased by slightly more than expected in October, while personal spending rose in line with estimates. The report said personal income climbed by 0.4 percent in October, matching the increase seen in September. Economists had expected income to rise by 0.3 percent. The Commerce Department also said personal spending rose by 0.3 percent in October after climbing by a downwardly revised 0.9 percent in September. Economists had expected spending to rise by 0.3 percent compared to the 1.0 percent jump originally reported for the previous month. At 9:45 am ET, MNI Indicators is scheduled to release its report on Chicago-area business activity in the month of November. The Chicago business barometer is expected to drop to 63.0 in November from 66.2 in October, although a reading above 50 would still indicate growth. Dallas Federal Reserve President Robert Kaplan is due to take part in a moderated Q&A session at the Real Estate Council Speaking Series in Dallas at 1 pm ET. Trump's Set to Send this $0.24 Stock Exploding Higher! Trump's Set to Send this $0.24 Stock Exploding Higher! Investors in this tiny company will love Trump for what he’s about to do. This entire situation will change after December 31. Click here for the details. Stocks In Focus Shares of SandRidge Energy (SD) are moving sharply higher in pre-market trading on news activist investor Carl Icahn bought a 13.51 percent stake in the oil driller and opposes the company's acquisition of Bonanza Creek Energy (BCEI). Generic drug maker Teva Pharmaceutical (TEVA) may also see early strength after financial news website Calcalist reported the company plans to cut 20 percent to 25 percent of its workforce in Israel. On the other hand, shares of Nektar Therapeutics (NKTR) are seeing significant pre-market weakness after the experimental pneumonia treatment the biopharmaceutical company is developing with Bayer did not meet its primary goal in a phase III study. Europe markets European stocks are mostly higher on Thursday even as U.K. markets fell for a second consecutive session on further gains in the pound amid signs of progress on the EU's key Brexit issues, including the Irish border. While a selloff in technology stocks subsided, the day's economic reports painted a mostly positive picture of regional economies.  The U.K.’s FTSE 100 Index has dipped by 0.2 percent, but the French CAC 40 Index is up by 0.3 percent and the German DAX Index is up by 0.6 percent. Swiss lender Credit Suisse has jumped after it unveiled plans to boost shareholder returns as part of its annual investor day. French carmaker Peugeot has also moved to the upside after reports that its parent company PSA Group is seeking to recover 600 million euros from General Motors in relation to its acquisition of Opel. Aviva has rallied after the insurance giant upgraded its targets for earnings growth, cash and dividend at a conference for investors and analysts. Exchange operator Euronext has also moved notably higher after acquiring the Irish Stock Exchange for 137 million euros. On the other hand, Daily Mail and General Trust shares have fallen sharply after the company reported a full-year loss and warned that next year's advertising revenues could be adversely affected by recent disposals and challenging conditions. In economic news, German inflation accelerated more than anticipated in November and the unemployment total fell more than expected, while retail sales marked the first drop in eight months in October, separate reports showed. French inflation rose slightly to 1.2 percent in November from 1.1 percent in October, flash data from statistical office Insee showed. The rate matched economists' expectations. Eurozone consumer price inflation advanced 1.5 percent year-on-year in November following October's 1.4 percent increase, while the region's jobless rate fell to the lowest level since early 2009. Strategic Intelligence What’s the one money move that’s almost predestined to soar under Trump? It’s not a stock, a mutual fund or even real estate. Click here to find out what it is. Asia markets USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts Asian stocks fell broadly on Thursday as weakness in tech stocks following the overnight pullback by the tech-heavy Nasdaq overshadowed positive manufacturing data from China.  Chinese stocks fell as investors booked some profits in recent outperformers. The benchmark Shanghai Composite Index dropped 20.28 points or 0.6 percent to 3,317.58, while Hong Kong's Hang Seng Index tumbled 446.48 points or 1.5 percent to 29,177.35. The manufacturing sector in China expanded at a faster pace in November, the National Bureau of Statistics said with a PMI score of 51.8. That beat forecasts for 51.4 and was up from 51.6 in October. Australian shares retreated, dragged down by banks after the government said it will hold a royal commission inquiry into its banking and financial sector. Investors largely ignored encouraging building approvals and private sector credit data. The benchmark S&P/ASX 200 Index dropped 41.22 points or 0.7 percent to 5,969.89, while the broader All Ordinaries index ended down 36.90 points or 0.6 percent at 6,059.20. Lender ANZ lost 1.1 percent and Commonwealth fell 1.9 percent, and mining heavyweights BHP Billiton and Rio Tinto ended down over 1 percent each. Gold miners Evolution Mining, Regis Resources and Newcrest tumbled 2-3 percent.  Gaming machine maker Aristocrat Leisure slumped 6.8 percent after it agreed to buy Seattle-based Big Fish Games for $990 million in cash. AWE soared as much as 23 percent after a Chinese state-owned company made a $430 million takeover offer for the oil and gas group. Meanwhile, Japanese shares hit a three-week high as the dollar firmed up against the yen and gains in the financial sector offset weakness in tech shares. There were also hopes that the Bank of Japan will buy more exchange-traded funds.  The Nikkei 225 Index climbed 127.76 points or 0.6 percent to finish at 22,724.96, while the broader Topix index closed 0.3 percent higher at 1,792.08. Banks Mitsubishi UFJ Financial, Mizuho Financial and Sumitomo Mitsui Financial rose about 1 percent each, and brokerage Nomura Holdings jumped more than 3 percent. Semiconductor equipment manufacturer Tokyo Electron declined 1.1 percent.  Shares of Oriental Land Co. jumped 3.6 percent on a Nikkei report that the operator of Tokyo Disneyland will invest more than 300 billion yen, or $2.7 billion, to upgrade and expand its resort in Japan. On the economic front, Japanese industrial production returned to growth in October. but the pace of growth fell short of estimates, a government report showed. Housing starts fell more than expected during the month. Discover the NUMBER 1 Trading Strategy You Need to Know During Uncertain Market Conditions. Consistent and safe returns up to 40% Download Free Training Material Commodity, Currency Markets Crude oil futures are climbing $0.49 to $57.79 a barrel after falling $0.69 to $57.30 a barrel on Wednesday. An ounce of gold is trading at $1,280.10, down $6.10 compared to the previous session’s close of $1,286.20. On Wednesday, gold slumped $13. On the currency front, the U.S. dollar is trading at 112.31 yen compared to the 111.93 yen it fetched at the close of New York trading on Wednesday. Against the euro, the dollar is valued at $1.1855 compared to yesterday’s $1.1863. You'll Need This Book How To Increase Your Social Security Benefits By As Much As $570 Per Month With One Single Word. Click here to learn more     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

Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Thursday, 30 November 2017 10:12:33 Monitor Quote Charts News CFD's Compare Brokers Free BB   Who pockets your portfolio's profits? You or your broker? Make sure you’re not paying too much for your portfolio’s account admin by choosing fixed over percentage-based fees. Capital at risk. Read more London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks in the red as pound gains; OPEC meeting in focus London stocks fell in early trade on Thursday, weighed down by a stronger pound as investors looked to the OPEC meeting in Vienna later in the day. At 0830 GMT, the FTSE 100 was down 0.4% to 7,364.30, while the pound was up 0.3% against the euro and the dollar at 1.1353 and 1.3455, respectively, Cable's highest level since late September. However, the FTSE 250 mid-cap index, which is less exposed to the pound's whims, was also in the red. The pattern for the bluechip benchmark was continuing from the previous session, said Spreadex analyst Connor Campbell, with the FTSE struggling under the weight of sterling's rise. "Despite the reported £50bn Brexit divorce bill breakthrough being just one part of a trio of issues preventing the UK and EU from unlocking trade talks - the others are the Irish border and citizens' rights - the pound has continued to cheer the signs of progress this Thursday." As far the OPEC meeting is concerned, investors are expecting oil ministers to extend the output freeze by another nine months until the end of 2018. Brexit will remain in focus after Prime Minister Theresa May insisted the UK is still negotiating with the EU over a divorce payout, following reports of a divorce bill of up to £50bn. May has until Monday to make a fresh offer on key divorce issues if the UK is to move ahead to the next step in Brexit talks. Investors were also digesting the latest survey from Nationwide, which showed annual UK house price growth was stable in November. House prices grew by 2.5% this month, unchanged from November last year and missing expectations for a 2.7% increase. On the month, prices were 0.1% higher, down from a 0.2% rise in October and below expectations for it to remain unchanged. Meanwhile, the latest survey from GfK showed UK consumer confidence ebbed more than expected this month. GfK's consumer confidence index fell to -12, the same level as the month after the Brexit vote, down from -10 the month before and slightly worse than the City forecasts of -11. In corporate news, GlaxoSmithKline fell as it announced that ViiV Healthcare, the global specialist HIV company it majority owns with Pfizer and Shionogi as shareholders, has confirmed the start of HPTN 084 - a phase III study to evaluate long-acting cabotegravir for the prevention of HIV infection in sexually active women. TP ICAP was on the back foot as it announced it has acquired independent agency broker Coex Partners for an initial payment of £7.1m, with performance-related payments possible at various dates over the next four years. Pub operator Greene King fell sharply after reporting an 8% drop in interim underlying pre-tax profit. Residential landlord Grainger declined even as it posted a 2% increase in full-year pre-tax profit, while Babcock International slumped as Goldman Sachs removed the stock from its Conviction Buy list. Oil services group Lamprell gushed lower after warning that earnings for 2017 are likely to be "materially below" current market expectations as its East Anglia offshore windfarm project is expected to make a "significant" loss. Bellway, Telecom Plus, Johnson Matthey, IAG and Land Securities were all weaker as their stock went ex-dividend. Going the other way, life insurer Aviva rallied as it upped its long-term earnings and dividend guidance and said it has £3bn of excess cash that will be used to pay down £0.9bn debt next year, as well as making bolt-on acquisitions and funding shareholder returns. BAE Systems was in the black after agreeing to pay more into its pension schemes to deal with a £2.1bn deficit by the year 2026.The defence company said it would increase payments into the schemes from about £205m a year to £220m from 2018 with payments rising in line with group dividends. Pub operator Marston's surged after it posted a 10% jump in full-year revenue and a 3% rise in pre-tax profit. Go-Ahead rose after the rail operator maintained its full-year expectations as it said revenues from its train services have risen in recent months. FatPROPHETS Successful stock recommendations since 2000 Fat Prophets is a stock market research house that specialises in assisting value based investors with buy, hold and sell recommendations Click Here Market Movers FTSE 100 (UKX) 7,364.30 -0.40% FTSE 250 (MCX) 19,969.01 -0.45% techMARK (TASX) 3,440.62 -0.64% FTSE 100 - Risers BAE Systems (BA.) 561.00p 3.12% Aviva (AV.) 523.50p 2.85% Mediclinic International (MDC) 552.50p 2.31% Imperial Brands (IMB) 3,072.00p 0.85% British American Tobacco (BATS) 4,842.00p 0.83% Unilever (ULVR) 4,249.50p 0.79% SSE (SSE) 1,371.00p 0.66% Diageo (DGE) 2,605.00p 0.44% Anglo American (AAL) 1,378.91p 0.21% National Grid (NG.) 881.60p 0.18% FTSE 100 - Fallers Babcock International Group (BAB) 683.25p -2.18% NMC Health (NMC) 2,838.00p -1.80% Johnson Matthey (JMAT) 3,006.00p -1.73% Micro Focus International (MCRO) 2,454.90p -1.73% International Consolidated Airlines Group SA (CDI) (IAG) 600.50p -1.56% Convatec Group (CTEC) 188.20p -1.52% Next (NXT) 4,437.00p -1.47% Berkeley Group Holdings (The) (BKG) 3,786.00p -1.46% Land Securities Group (LAND) 916.50p -1.45% Shire Plc (SHP) 3,664.50p -1.40% FTSE 250 - Risers Marston's (MARS) 115.20p 9.92% Stagecoach Group (SGC) 187.00p 3.43% P2P Global Investments (P2P) 793.00p 3.26% Cineworld Group (CINE) 570.50p 2.42% RPC Group (RPC) 914.50p 2.24% 888 Holdings (888) 264.70p 2.00% Fidessa Group (FDSA) 2,496.00p 1.79% Go-Ahead Group (GOG) 1,628.00p 1.75% Vectura Group (VEC) 95.35p 1.44% UDG Healthcare Public Limited Company (UDG) 836.00p 1.39% FTSE 250 - Fallers Greene King (GNK) 510.00p -5.56% Redefine International (RDI) 35.61p -4.17% Euromoney Institutional Investor (ERM) 1,137.00p -3.23% Genus (GNS) 2,306.00p -2.66% Vedanta Resources (VED) 704.50p -2.49% Bellway (BWY) 3,464.00p -2.48% TalkTalk Telecom Group (TALK) 141.82p -2.39% Sophos Group (SOPH) 590.00p -2.24% Telecom Plus (TEP) 1,182.00p -2.23% UK Event Calendar Thursday November 30 INTERIMS Greene King, OPG Power Ventures, PayPoint, Torotrak INTERIM DIVIDEND PAYMENT DATE BAE Systems, Bloomsbury Publishing, British American Inv Trust, Capita, Centrica, RTC Group, Senior, Strix Group , William Hill INTERIM EX-DIVIDEND DATE Bilby, Caledonia Investments, CMC Markets, CML Microsystems, Creightons, Cropper (James), Dunedin Enterprise Investment Trust, Electrocomponents, Establishment Inv Trust, Funding Circle SME Income Fund C Shs NPV, Headlam Group, Hill & Smith Holdings, International Consolidated Airlines Group SA (CDI), JD Sports Fashion, Johnson Matthey, Liontrust Asset Management, LXI Reit , Majestic Wine, Martin Currie Asia Unconstrained Trust , NB Distressed Debt Investment Fund Limited, NB Distressed Debt Investment Fund Limited Ext Shs, NB Distressed Debt Investment Fund Limited Red Ord, Norcros, Octagonal, Record, Renewi , Severn Trent, Tarsus Group, Tate & Lyle, Telecom Plus, TR Property Inv Trust, Triad Group, VP QUARTERLY PAYMENT DATE City of London Inv Trust, Civitas Social Housing , Custodian Reit , F&C Commercial Property Trust Ltd., Impact Healthcare Reit , Picton Property Income Ltd QUARTERLY EX-DIVIDEND DATE Albion Technology & General VCT, Alpha Real Trust Ltd., Land Securities Group, RM Secured Direct Lending, Volta Finance Limited INTERNATIONAL ECONOMIC ANNOUNCEMENTS Chicago PMI (US) (14:45) Continuing Claims (US) (13:30) Import Price Index (GER) (06:00) Initial Jobless Claims (US) (13:30) Personal Consumption Expenditures (US) (13:30) Personal Income (US) (13:30) Personal Spending (US) (13:30) Retail Sales (GER) (07:00) Unemployment Rate (EU) (10:00) Unemployment Rate (GER) (09:00) FINALS Daily Mail and General Trust A (Non.V), Grainger, Marston's, On The Beach Group , Premier Asset Management Group SPECIAL DIVIDEND PAYMENT DATE Diverse Income Trust (The), TR European Growth Trust SPECIAL EX-DIVIDEND DATE Keystone Inv Trust AGMS Agriterra LD, ASOS, Baillie Gifford Japan Trust, CVS Group, Dukemount Capital, European Metals Holding Limited (DI), Feedback, Ferrum Crescent Ltd NPV (DI), Greatland Gold, JPEL Private Equity USD Equity Shares , JPMorgan Global Convertibles Income Fund Ltd, Revolution Bars Group TRADING ANNOUNCEMENTS Go-Ahead Group FINAL DIVIDEND PAYMENT DATE Diverse Income Trust (The), New Star Investment Trust, Thorpe (F.W.), TR European Growth Trust, Wetherspoon (J.D.) FINAL EX-DIVIDEND DATE Aviva 8 3/4% Cumulative Irrd Preference 1, Bellway, Brunner Investment 5% Prf, Diploma, Downing Three VCT D Share , Downing Three VCT E Share, Euromoney Institutional Investor, GBGI Limited, General Accident 'A', Keystone Inv Trust, Lok'n Store Group, Origin Enterprises, YouGov Following the financial crisis, high street banks have funded fewer SME housebuilders Alternative finance providers are stepping in to fill this void, offering investors high margins and attractive returns. One of these lenders, Clearwell Capital is currently fundraising with a 3-year secured bond paying 10% per annum. Click here to find out more. Capital at risk. 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US Market Report US close: Markets mixed as Dow stays shy of 24,000 Wall Street finished the midweek session on a mixed note, with the Dow spending much of the session edging towards, but not quite reaching, the 24,000 mark. The Dow Jones Industrial Average finished ahead 0.44% at 23,940.68, while the S&P 500 fell 0.04% to 2,626.07 and the Nasdaq 100 softened 1.73% to 6,311.38. During the previous session, all the main indices notched all-time closing highs after the Senate budget committee approved the chamber's proposed tax reform plans, bringing it closer to a floor vote. "The major theme right now is nothing other than the tax reform bill and President Trump's efforts to pass it through the Senate," said Konstantinos Anthis at ADS Securities. "Progress has been slow but yesterday the Budget committee voted to send the bill to the floor for a vote probably this Thursday and the stakes are high on whether it will be approved. "Should the Senate approve the bill it will be considered a major victory for President Trump and even though it's not the same piece of legislation Trump initially promised it should be received in a positive manner by dollar traders." Meanwhile, Wednesday's spate of economic indicators was upbeat, with the Department of Commerce marking up its reading for third quarter GDP to 3.3% after revisiting its preliminary estimate of 3.0%. The National Association of Realtors reported a 3.5% surge in its pending home sales index for October, well ahead of consensus expectations for a 1.1% improvement. On the corporate front, shares in software company Autodesk tumbled 15.86% after it announced a restructuring plan alongside its fiscal third quarter earnings involving a 13% reduction in its headcount. The company's stock had hit a 52-week high on Tuesday. Elsewhere, Regal Entertainment was in the black by 2.59% after UK cinema chain Cineworld confirmed it is in talks to make a $3.07bn offer for the US group. Shares of Tiffany & Co were on the back foot, losing 1.59% after the luxury jeweller posted a slightly smaller than forecast 1% rise in same store sales for the latest three-month stretch. Marvell Technology finished 4.56% lower despite delivering better-than-expected quarterly numbers overnight. Elsewhere, ReTo Eco-Solutions priced its initial public offering at $5 a share, and finished the session at $10.57 having rocketed 111.40%. Wal-Mart Stores got a 0.8% boost as analysts at RBC lifted their target on the discount retailer's stock from $92 to $96. Dow Jones - Risers Unitedhealth Group Inc. (UNH) $222.93 4.96% Verizon Communications Inc. (VZ) $49.90 4.70% Travelers Company Inc. (TRV) $134.53 3.10% JP Morgan Chase & Co. (JPM) $103.73 2.34% Walt Disney Co. (DIS) $105.24 1.77% Exxon Mobil Corp. (XOM) $82.26 1.42% American Express Co. (AXP) $96.60 1.39% Nike Inc. (NKE) $60.36 1.22% Pfizer Inc. (PFE) $36.21 1.00% 3M Co. (MMM) $237.99 1.00% Dow Jones - Fallers Visa Inc. (V) $109.85 -2.25% Apple Inc. (AAPL) $169.48 -2.07% Microsoft Corp. (MSFT) $83.34 -1.81% Intel Corp. (INTC) $43.95 -1.74% Coca-Cola Co. (KO) $45.49 -0.74% Caterpillar Inc. (CAT) $138.06 -0.67% Cisco Systems Inc. (CSCO) $37.48 -0.66% McDonald's Corp. (MCD) $170.44 -0.53% Johnson & Johnson (JNJ) $139.80 -0.16% Procter & Gamble Co. (PG) $89.38 -0.02% S&P 500 - Risers Target Corp. (TGT) $61.67 8.92% Macy's Inc. (M) $24.00 8.25% Advance Auto Parts (AAP) $99.88 7.66% Nordstrom Inc. (JWN) $45.78 7.29% Under Armour Inc. Class A (UAA) $13.60 7.26% SunTrust Banks Inc. (STI) $61.31 6.92% Universal Health Services Inc. (UHS) $107.47 6.68% CenturyLink Inc. (CTL) $14.54 6.21% Frontier Communications Co. (FTR) $8.41 6.05% US Bancorp (USB) $54.76 5.88% S&P 500 - Fallers Autodesk Inc. (ADSK) $109.34 -15.86% Spectra Energy Corp. (SE) $10.99 -13.26% Micron Technology Inc. (MU) $43.74 -8.74% Lam Research Corp. (LRCX) $194.64 -8.68% Applied Materials Inc. (AMAT) $52.91 -7.71% Nvidia Corp. (NVDA) $196.42 -6.78% Western Digital Corp. (WDC) $81.00 -6.78% KLA-Tencor Corp. (KLAC) $100.35 -6.35% Activision Blizzard Inc. (ATVI) $62.01 -6.00% Paypal Holdings Inc (PYPL) $73.25 -5.84% Nasdaq 100 - Risers Liberty Global plc Series A (LBTYA) $32.28 7.17% Liberty Global plc Series C (LBTYK) $31.27 7.16% Discovery Communications Inc. Class C (DISCK) $17.78 5.39% Viacom Inc. Class B (VIAB) $28.42 5.14% Discovery Communications Inc. Class A (DISCA) $18.87 5.01% Hologic Inc. (HOLX) $42.27 4.50% CSX Corp. (CSX) $54.44 4.43% Ross Stores Inc. (ROST) $75.95 4.31% Twenty-First Century Fox Inc Class A (FOXA) $32.10 4.02% Twenty-First Century Fox Inc Class B (FOX) $31.30 3.75% Nasdaq 100 - Fallers Autodesk Inc. (ADSK) $109.34 -15.86% Micron Technology Inc. (MU) $43.74 -8.74% Lam Research Corp. (LRCX) $194.64 -8.68% Applied Materials Inc. (AMAT) $52.91 -7.71% Nvidia Corp. (NVDA) $196.42 -6.78% Western Digital Corp. (WDC) $81.00 -6.78% KLA-Tencor Corp. (KLAC) $100.35 -6.35% Activision Blizzard Inc. (ATVI) $62.01 -6.00% Paypal Holdings Inc (PYPL) $73.25 -5.84% Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 CNA Centrica plc 4.98 2 CLLN Carillion plc 2.62 3 GSK GlaxoSmithKline plc 1.69 4 SMT Scottish Mortgage Investment Trust 1.63 5 LLOY Lloyds Banking Group plc 1.40 6 BAB Babcock International Group 1.36 7 VRS Versarien plc 1.20 8 BOO Boohoo.com 1.08 9 NG. National Grid 1.03 10 XBT Provider AB 1.02 Number of Deals Sold Place EPIC Equity name % 1 LLOY Lloyds Banking Group plc 1.58 2 CLLN Carillion plc 1.53 3 EZJ easyJet plc 1.24 4 PFC Petrofac 1.12 5 RMG Royal Mail PLC 1.09 6 VRS Versarien plc 1.06 7 CNA Centrica plc 1.04 8 TSCO Tesco plc 1.03 9 GGP Greatland Gold Plc 0.97 10 BOO Boohoo.com 0.95 Newspaper Round Up Thursday newspaper round-up: LSE, Brexit developments, Barclays, iPhones A vote to oust Donald Brydon, chairman of the London Stock Exchange Group, hung in the balance last night after the rebel hedge fund chief calling for his head declined to back down in the face of an ultimatum from the company. In a day of high drama for the embattled operator of the stock exchange, Xavier Rolet, the chief executive, said he was quitting immediately and would not return under any circumstance. Mr Brydon agreed to leave, too, but only by April 2019. - The Times BREXIT CORNER EU leaders are preparing to offer a two-year Brexit transition deal as early as January after negotiators said that they were close to a breakthrough over the Northern Ireland border. British officials tabled proposals this week to avoid a "hard border" in Ireland that could unblock the last remaining major obstacle to a deal. - The Times UK and EU negotiators are increasingly optimistic that sufficient agreement on the future of the Irish border can be reached in the coming days to progress Brexit talks to the next stage. Sources indicate the ground has now been laid for political agreement on the question of the border between Northern Ireland and Ireland after Brexit, which would allow both sides to start discussing the UK's future trading relationship with the bloc. - Guardian Theresa May has been put on notice by hardline Conservative Eurosceptics that they could be prepared to vote against her final Brexit deal if the UK continues to pay the £50bn divorce bill for years to come or does not get good trade terms. A group of Tory MPs are unhappy about the scale of the proposed sum and believe leaving on World Trade Organisation terms would be better, meaning the prime minister might have to rely on Labour support to get parliament's approval for a final deal before March 2019. - Guardian The European court of justice is to be asked if the UK can stop the Brexit process unilaterally in a legal challenge being launched in Scotland by pro-European politicians. A group of four politicians from Labour, the Scottish National party and Scottish Greens wants the European court to rule on whether article 50 can be revoked by the UK on its own if voters or the Commons decide the final Brexit deal is unacceptable. - Guardian Britain can free its banking system from the burden of excessive EU red tape after Brexit ?" and can instead focus on the important rules which keep the financial system safe, Mark Carney, the Bank of England's Governor, indicated yesterday. That could include the bonus cap which the Bank of England has long opposed, as well as rules which force small banks to face the same rules as global institutions. - Telegraph NATIONWIDE BUILDS, BARCLAYS APPOINTS Nationwide Building Society is to directly build about 200 "fair price" homes for sale and rent for the first time with a scheme in Swindon. But the mutual said it was only tiptoeing into property development and had no plans to become a volume housebuilder. - Guardian Millions of iPhone users could be in line for compensation after the launch of a mass legal claim against Google for illegally harvesting personal data from Apple handsets. The claim group, led by Richard Lloyd, former executive director of the consumer watchdog Which?, aims to secure a settlement of £1 billion or more for the estimated 5.4 million people who are believed to have had information unlawfully collected by the technology giant. - The Times Britain's car manufacturing heartlands have been selected as the site for a new research centre into batteries which it is hoped will revolutionise the automotive sector and make the UK a world leader in the technology. Business Secretary Greg Clark confirmed on Wednesday that Coventry and Warwickshire would be the site of an £80m project to develop batteries for use in the automotive industry. - Telegraph Union bosses have announced a series of strikes over the Christmas period. The Rail, Maritime and Transport (RMT) union said that six one-day stoppages would be staged on the west coast main line over a pay dispute. - The Times Barclays has recruited a clutch of top bosses from across technology, retail and financial services to join the board of its soon to be launched ring-fenced UK bank. The high street lender is thought to be ahead of the pack in setting up a stand-alone retail bank, under new rules designed to protect British consumers and small businesses from riskier investment banking operations. - Telegraph Low-cost airline Wizz Air has secured all the take-off and landing slots at Luton airport which belonged to defunct rival Monarch. The Hungary-based carrier strengthened its position at Luton last month when it formally launched a base there, adding four aircraft to its sole plane at the airport and announcing 30 additional flights each week. - Telegraph The "bad bank", established by the Government to manage the assets of collapsed lenders Northern Rock and Bradford & Bingley, will on Thursday lay out plans to offload £5.5bn of housing loans through an auction. UK Asset Resolution (UKAR) is expected to release details of the upcoming mortgage sales when it publishes results on Thursday morning. - Telegraph Just Eat, the online takeaway company, was on Wednesday night officially promoted into the FTSE 100 list of Britain's blue chip companies, with a valuation of £5.5bn ?" making it worth half a billion pounds more than the UK's second biggest supermarket chain. The UK's love affair with having pizzas, curries and kebabs delivered to their door has spawned a mobile food business with no products and no outlets that is more highly valued than Sainsbury's, which sells 90,000 products through 1,400 stores ?" and also owns the Argos chain. - Guardian Workers who left school or graduated in a recession can expect their pay and job prospects to be damaged for as much as a decade, as a poor start to their working lives has a long, lingering impact even as the economy recovers. New workers in a recession are around 10pc more likely to be unemployed. After 10 years they are still 1pc more likely to be out of work than those who left education in a year of economic growth, the Institute for Fiscal Studies found. - Telegraph Uber lost $1.5bn (£1.1bn) in the third quarter of the year, reversing recent progress that had seen the $70bn tech firm stem the red ink in recent months. The latest financials, disclosed to investors as Uber attempts to secure a major funding round from the Japanese conglomerate SoftBank, will raise doubts about its ability to turn its millions of customers and global presence into profits. - Telegraph   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