Search This Blog

Nov 15, 2017

Morning Euro Markets Bulletin

 
ADVFN  Morning Euro Markets Bulletin
Daily world financial news Wednesday, 15 November 2017 10:31:19
Monitor Quote Charts News CFD's Compare Brokers Free BB
 

Trading contest: 1st place Wins brand new iPhone X

Enter our exclusive competition (Limited to 25 participants).

Every applicant has an equal chance to win the new iPhone X (64GB) in time for Christmas!

There is also price for 2nd place - £100 M&S voucher and 3rd place - £50 M&S voucher.

Competition measured using % gain – not monetary gain!

Click here to enter competition


London Market Report
To view the charts please add newsdesk@advfn.com to your contact list
FTSE 100EuronextDax perfCAC 40
Enable images to view FTSE 100 chart Enable images to view Euronext chart Enable images to view Dax perf chart Enable images to view CAC 40 chart
Please click on the images to view our interactive charts

London open: Stocks edge lower ahead of jobs data

London stocks edged lower in early trade on Wednesday as investors eyed the release of the latest UK jobs data.

At 0835 GMT, the FTSE 100 was down 0.3% to 7,392.94, while the pound was flat against the euro at 1.1154 and up 0.1% versus the dollar at 1.3181.

Spreadex analyst Connor Campbell said: "In part two of the week's three-pronged investigation into 'just how bad do UK consumers have it?' the markets gets a look at the latest round of jobs data.

"With inflation at a five-year high of 3.0% in both September and October, it's more than likely that this Wednesday's figures are going to show an increase in the already ugly gap in real wages."

For the three months to the end of September, wage growth (including bonuses) is forecast to fall from 2.2% to 2.1%, a drop that Campbell said "only exacerbates the python-like inflationary squeeze currently being put on people's wallets".

Meanwhile, the claimant count change is set to jump from 1.7k to 2.0k month-on-month, with the unemployment rate unchanged at 4.3%.

The unemployment rate, claimant count and average earnings are all due at 0930 GMT. In addition, Bank of England economist Andy Haldane is scheduled to make a speech at 1000 GMT, with fellow monetary policy committee member Ben Broadbent also speaking three hours later.

Heavily-weighted mining stocks were under pressure as metals prices fell, with Rio Tinto, Glencore, BHP Billiton, Anglo American and Antofagasta all in the red again. Precious metals miners Fresnillo and Randgold were among the top risers, however.

TalkTalk Telecom was on the back foot as it drummed up an impressive number of new customers in the first half of the year but at the expense of profits, which fell into the red and will be towards the lower end of its guided range for the full year.

Legal & General Group retreated after it said that its investment management arm has entered into an agreement to acquire Canvas, an established exchange traded fund platform, for an undisclosed amount.

Housebuilder Barratt Developments fell despite saying it has made a strong start to the year and remains confident of delivering a good performance in FY18.

Wizz Air flew lower after it signed a memorandum of understanding with Airbus relating to the purchase of a further 146 Airbus A320neo family aircraft.

Card Factory slipped after posting revenue growth but saying margins were under pressure, while Crest Nicholson was weaker despite posting a rise in full-year unit completions, as it warned that maintaining momentum through planning is a major challenge for the industry.

On the upside, precious metals miners Fresnillo was the standout gainer after an upgrade to 'buy' at HSBC.

AstraZeneca was trading up after it and its global biologics research and development arm, MedImmune, announced that the US Food and Drug Administration has approved Fasenra (benralizumab) for the add-on maintenance treatment of patients with severe asthma aged 12 years and older, and with an eosinophilic phenotype.

Cobham rose after saying that trading remains on track as it reiterated its full-year guidance and added that its strategic review is still ongoing.

Great Portland Estates advanced after reporting a 1% improvement in its portfolio valuation in its first half results, with the value of its developments rising 1.6% over the half-year.


The student accommodation market is one of the most lucrative investments available, and developments like X1 The Campus which are on the university campus and located within easy reach of Manchester city centre are proving to be incredibly popular.

Luxury apartments are available from £89,95 – enquire today!


Market Movers

FTSE 100 (UKX) 7,392.94 -0.29%
FTSE 250 (MCX) 19,762.51 -0.42%
techMARK (TASX) 3,438.88 0.32%

FTSE 100 - Risers

Fresnillo (FRES) 1,334.00p 3.98%
BT Group (BT.A) 247.05p 1.35%
Vodafone Group (VOD) 229.80p 1.21%
AstraZeneca (AZN) 5,015.00p 1.12%
Randgold Resources Ltd. (RRS) 7,060.00p 1.00%
Centrica (CNA) 166.60p 0.91%
Convatec Group (CTEC) 191.70p 0.89%
Rolls-Royce Holdings (RR.) 911.50p 0.77%
Tesco (TSCO) 189.10p 0.56%
Associated British Foods (ABF) 3,083.00p 0.49%

FTSE 100 - Fallers

Rio Tinto (RIO) 3,521.00p -1.98%
Glencore (GLEN) 347.85p -1.95%
3i Group (III) 912.00p -1.94%
Anglo American (AAL) 1,431.00p -1.65%
BHP Billiton (BLT) 1,365.00p -1.62%
Antofagasta (ANTO) 935.50p -1.42%
Standard Life Aberdeen (SLA) 408.80p -1.33%
Smurfit Kappa Group (SKG) 2,215.00p -1.29%
CRH (CRH) 2,631.00p -1.20%
Royal Dutch Shell 'A' (RDSA) 2,407.00p -1.13%

FTSE 250 - Risers

Cobham (COB) 130.30p 2.60%
Rank Group (RNK) 238.70p 2.40%
FDM Group (Holdings) (FDM) 970.00p 2.11%
Dairy Crest Group (DCG) 556.50p 2.02%
IP Group (IPO) 144.20p 1.84%
Inmarsat (ISAT) 508.00p 1.68%
Hochschild Mining (HOC) 236.50p 1.24%
Euromoney Institutional Investor (ERM) 1,120.00p 1.17%
Genus (GNS) 2,248.00p 1.03%
Ultra Electronics Holdings (ULE) 1,212.00p 1.00%

FTSE 250 - Fallers

TalkTalk Telecom Group (TALK) 159.40p -15.88%
Crest Nicholson Holdings (CRST) 494.00p -4.82%
Kaz Minerals (KAZ) 746.50p -3.43%
Evraz (EVR) 271.50p -3.21%
Ferrexpo (FXPO) 237.40p -3.10%
Tullow Oil (TLW) 176.70p -2.70%
Vedanta Resources (VED) 759.00p -2.69%
Cairn Energy (CNE) 205.20p -2.33%
Sophos Group (SOPH) 569.50p -2.32%


UK Event Calendar

Wednesday November 15

INTERIMS
Experian, Great Portland Estates, Helical, Premier Foods, TalkTalk Telecom Group

INTERIM DIVIDEND PAYMENT DATE
Anglo Pacific Group, Bristol & West 'A', Burford Capital , Curtis Banks Group, Sagicor Financial Corporation Limited (DI)

QUARTERLY PAYMENT DATE
Marsh & Mclennan Cos Inc.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (EU) (10:00)
Business Inventories (US) (14:00)
Consumer Price Index (US) (13:30)
Crude Oil Inventories (US) (15:30)
GDP (Preliminary) (EU) (10:00)
Retail Sales (US) (13:30)

FINALS
AB Dynamics, Avon Rubber, Fenner, Game Digital, Zambeef Products

SPECIAL DIVIDEND PAYMENT DATE
JPMorgan Mid Cap Inv Trust

EGMS
Ethernity Networks Ltd, Toro Limited

AGMS
Barratt Developments, Celtic, Hays, Henderson EuroTrust, Jupiter UK Growth Investment Trust, Pacific Horizon Inv Trust

TRADING ANNOUNCEMENTS
Barratt Developments, Blue Prism Group, Crest Nicholson Holdings

UK ECONOMIC ANNOUNCEMENTS
Claimant Count Rate (09:30)

FINAL DIVIDEND PAYMENT DATE
JPMorgan Mid Cap Inv Trust, Strategic Equity Capital


Prime Centrum

Specialists in UK Residential Property Investment with High Income
68% Return on Investment with UK Buy-to-Let Property

 Invest From £119,950
7% NET income Assured for 3 Years
15% Discount Below Market Comparables

Request More Information


US Market Report

US Close: Markets Lower As Investors Warned On Bull Market

Stocks again saw losses on Tuesday as some of Wall Street's most veteran investors sounded a cautious note on the outlook for the current bull market equities.

The Dow Jones Industrial Averagefinished down 0.13%, the S&P 500lost 0.23% to 2,578.87 and the Nasdaq 100 settled 0.36% lower at 6,293.64.

"Icarus is flying ever closer to the sun," Bank of America-Merrill Lynch's chief investment strategist said, pointing to signs of “irrational exuberance” among investors in the investment bank's latest global survey of fund managers.

“Investors' risk-taking has hit an all-time high,” noted Merrill’s Michael Hartnett.

“A record high percentage of investors say equities are overvalued yet cash levels are simultaneously falling, an indicator of irrational exuberance.”

According to the latest FMS average cash balances fell from 4.7% in October to 4.4% in November - their lowest level since October 2013 - as asset managers chased markets higher.

Tuesday also marked the last day of US President Donald's Trump's trip to Asia with investors watching out for any developments over the future of a tax reform deal too.

Still on the economic front, the rate of advance in US factory gate prices accelerated from 2.6% in September to 2.8% for November, against a consensus estimate for 2.5%.

Meanwhile, the NFIB's small business confidence gauge edged up from 103.0 for September to 103.8 last month, ahead consensus expectations for 104.0.

Chicago Fed President Charles Evans said earlier at the ECB conference in Frankfurt that a new approach to interest-rate setting may be needed to deal with new shocks.

Speaking later in the day at an economic breakfast Kentucky, St. Louis Fed President James Bullard said policy rates were just fine where they were, adding that inflation data year-to-date called into question whether consumer prices were "reliably returning to target".

In corporate news, Home Depot shares finished 1.4% higher after its quarterly same-store sales beat analysts' expectations, while shares of Buffalo Wild Wings rocketed 23.97% on the back of a report in the Wall Street Journal that a private equity firm had bid more than $2.3bn for the restaurant chain.

Going the other way, TJX Companies lost 3.88% after it reported worse than expected sales for the three months to September.

General Electric was also in focus, with shares in the industrial conglomerate changing hands 5.91% lower as analysts at RBC gave a 'thumbs-down' to the company's turnaround plans unveiled during the previous session.

Dow Jones - Risers

Home Depot Inc. (HD) $168.05 1.64%
Coca-Cola Co. (KO) $47.43 1.52%
United Technologies Corp. (UTX) $118.80 1.48%
Caterpillar Inc. (CAT) $137.54 0.74%
Visa Inc. (V) $111.95 0.52%
3M Co. (MMM) $229.33 0.49%
McDonald's Corp. (MCD) $168.15 0.44%
Travelers Company Inc. (TRV) $133.87 0.41%
International Business Machines Corp. (IBM) $148.89 0.33%
Cisco Systems Inc. (CSCO) $34.04 0.27%

Dow Jones - Fallers

General Electric Co. (GE) $17.90 -5.89%
Dowdupont Inc. (DWDP) $68.55 -2.68%
Apple Inc. (AAPL) $171.34 -1.51%
Walt Disney Co. (DIS) $103.18 -1.50%
Goldman Sachs Group Inc. (GS) $237.25 -1.26%
Verizon Communications Inc. (VZ) $44.22 -1.18%
Exxon Mobil Corp. (XOM) $82.24 -0.78%
JP Morgan Chase & Co. (JPM) $97.24 -0.60%
Unitedhealth Group Inc. (UNH) $211.71 -0.45%
Chevron Corp. (CVX) $116.92 -0.26%

S&P 500 - Risers

Advance Auto Parts (AAP) $95.72 16.33%
Mattel Inc. (MAT) $18.54 5.10%
Endo International Plc (ENDP) $6.99 4.48%
Juniper Networks Inc. (JNPR) $26.43 4.22%
Signet Jewelers Ltd (SIG) $72.46 4.20%
Western Digital Corp. (WDC) $91.58 3.55%
ConAgra Brands Inc (CAG) $35.87 2.93%
Bed Bath & Beyond Inc. (BBBY) $20.22 2.54%
Kohls Corp. (KSS) $42.16 2.48%
FirstEnergy Corp. (FE) $35.05 2.46%

S&P 500 - Fallers

Frontier Communications Co. (FTR) $6.46 -7.18%
Newfield Exploration Co (NFX) $29.80 -7.07%
Range Resources Corp. (RRC) $17.36 -6.62%
EQT Corp. (EQT) $60.60 -6.16%
CenturyLink Inc. (CTL) $14.40 -6.07%
General Electric Co. (GE) $17.90 -5.89%
Chesapeake Energy Corp. (CHK) $3.94 -5.06%
Diamond Offshore Drilling Inc. (DO) $15.79 -4.99%
CF Industries Holdings Inc. (CF) $35.52 -4.95%
Transocean Ltd. (RIG) $10.72 -4.72%

Nasdaq 100 - Risers

Vodafone Group Plc ADS (VOD) $30.48 5.65%
Western Digital Corp. (WDC) $91.58 3.55%
Marriott International - Class A (MAR) $123.06 2.22%
Expedia Inc. (EXPE) $122.09 1.50%
Liberty Global Plc Lilac Class C (LILAK) $22.06 1.29%
Liberty Interactive Corporation QVC Group (QVCA) $23.73 1.28%
Cintas Corp. (CTAS) $149.20 1.26%
Fiserv Inc. (FISV) $129.73 1.23%
Idexx Laboratories Inc. (IDXX) $149.54 1.18%
Mondelez International Inc. (MDLZ) $42.53 1.14%

Nasdaq 100 - Fallers

JD.com, Inc. (JD) $38.90 -5.90%
Discovery Communications Inc. Class A (DISCA) $16.28 -4.18%
Discovery Communications Inc. Class C (DISCK) $15.27 -4.14%
Alexion Pharmaceuticals Inc. (ALXN) $109.98 -3.06%
Sirius XM Holdings Inc (SIRI) $5.35 -2.73%
Ctrip.Com International Ltd. Ads (CTRP) $45.30 -2.54%
Hologic Inc. (HOLX) $39.62 -2.51%
Gilead Sciences Inc. (GILD) $71.15 -2.33%
Celgene Corp. (CELG) $98.86 -2.27%
Regeneron Pharmaceuticals Inc. (REGN) $384.80 -2.24%


Hargreaves Lansdown

Top of the stocks

Number of Deals Bought

Place EPIC Equity name %
1 SMT Scottish Mortgage Investment Trust 3.58
2 LLOY Lloyds Banking Group plc 2.85
3 GSK GlaxoSmithKline plc 2.41
4 SXX Sirius Minerals plc 1.18
5 BT.A BT Group plc 1.07
6 RCP RIT Capital Partners plc 1.07
7 NG. National Grid 0.98
8 BP. BP Plc 0.92
9 IQE IQE plc 0.87
10 XBT Provider AB 0.86

Number of Deals Sold

Place EPIC Equity name %
1 IQE IQE plc 2.23
2 LLOY Lloyds Banking Group plc 1.45
3 BP. BP Plc 1.16
4 BT.A BT Group plc 1.01
5 WPCT Woodford Patient Capital Trust PLC 0.98
6 FEVR Fevertree Drinks plc 0.96
7 TLW Tullow Oil plc 0.89
8 88E 88 Energy Ltd 0.87
9 UKOG UK Oil & Gas Investments plc 0.85
10 BOO Boohoo.com 0.83

Newspaper Round Up

Wednesday newspaper round-up: Public sector pay, trade unions, Brexit

Philip Hammond is facing renewed calls to unfreeze public sector pay, as fresh analysis suggests the cost to the Treasury would be cushioned by £2.5bn in additional tax revenues and benefits savings. A significant portion of funding required to lift the cap would be returned almost immediately to the Treasury, according to research from the Institute for Public Policy Research (IPPR) thinktank. – Guardian

Britain's trade unions have been warned they face increasing irrelevance without radical reform to attract new members in fast-growing sectors with large numbers of casual employees, such as the hospitality industry. The warning comes in a report from the leftwing thinktank the Fabian Society and the Community union, with analysis showing that the country's fastest-growing industries have the lowest levels of membership. - Guardian

UK business leaders would prefer to stick with EU rules on goods and services in order to preserve their current trading relationships. In a survey of more than 900 members of the Institute of Directors, 51pc of businesses wanted to keep the current levels of access to the single market, in order to maintain continuity with their current business plans. However, nearly a quarter would prefer to change regulations after leaving the EU even if it made trade between the UK and the single market more difficult. ?" Telegraph

The Treasury's carbon tax has propelled Britain into the top 10 of a global low-carbon electricity league table faster than any other country, igniting calls from the clean energy industry for the upcoming budget to keep the support in place. The fresh research shows that Britain has climbed from a 2012 ranking of 20th out of 33 industrialised countries to 7th on the low-carbon electricity league table. - Telegraph

Gocompare.com has received approaches for a £460 million takeover from the company behind Uswitch, its rival price comparison site. A report on Sky News flushed out statements from both Gocompare and ZPG, its suitor, which also owns Zoopla, the property search portal, as well as the money.co.uk website. ?" The Times

The UK will lose 63,000 dollar millionaires over the next five years as a result of Brexit, while the rest of the world creates eight million more, according to a survey of global wealth. Britain will be the only one of 23 big economies to suffer a fall in the number of millionaires, from 2.19 million to 2.13 million by 2022, Credit Suisse predicted in its annual Global Wealth Report. ?" The Times

 

To advertise in the Euro Markets Bulletin please contact advertise@advfn.com


 
 

To unsubscribe from this news bulletin or edit your mailing list settings click here.

Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961.

Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

No comments:

Post a Comment