Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Wednesday, 08 November 2017 11:22:35 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 edge higher as pound slips; M&S, SSE in the black London stocks edged higher in early trade on Wednesday, helped along by a weaker pound and some well-received releases from the likes of Marks & Spencer and SSE. At 0830 GMT, the FTSE 100 was up 0.3% to 7,533.61, while the pound was down 0.4% against the euro at 1.1316 and off 0.3% versus the dollar at 1.3133. Data released earlier showed China's imports rose 17.2% in October, while exports were up 6.9%, versus consensus expectations for a 16% jump and a 7.2% gain, respectively. CMC Markets analyst Michael Hewson said: "China is making a concerted effort to move towards a more service focused economy. That being said, their demand for minerals is still a major driver of commodity prices and mining companies." In UK corporate news, Marks & Spencer rose after it reported stronger first-half profits than expected and outlined some material shifts in the pace and direction of its five-year transformation plan, although chief finance officer Helen Weir has stepped down. Energy generation and supply company SSE was in the black as it confirmed plans to merge its domestic business in the UK with Npower to form a new energy company. Strong gains came despite the group reporting a 14% drop in adjusted pre-tax profits for the six months to September. Workspace advanced as it posted a jump in interim pre-tax profit and net rental income amid good customer demand. Tullow Oil gushed higher after it upped its full-year production guidance, while cyber security group Sophos gained ground as it raised its forecasts for new business. Wetherspoon was trading higher after it said like-for-like sales in the first 13 weeks of the financial year were up 6.1%, while Esure rallied as it bumped up its guidance for the full year following a record third quarter thanks to a strong performance in the motor division. OneSavings Bank was on the front foot as it reported 17% growth in its loan book for the first nine months of the year, driven primarily by its buy-to-let activities, and upgraded its loan book growth forecast. Going the other way, Persimmon was in the red despite saying that demand for its properties remained strong in the third quarter as the housebuilder benefited from the government's Help to Buy programme. Low-cost Hungarian airline Wizz Air flew lower despite lifting its profit outlook following record first-half results, with "robust" trading across all of the group's markets. In broker note action, Mondi was boosted by an upgrade to 'overweight' from 'equalweight' by Morgan Stanley, while Indivior was lifted by an upgrade to 'buy' at Citi. But AB Foods was hit as Goldman Sachs cut its stance on the Primark owner to 'neutral' from 'buy'. 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) 7,533.61 0.27% FTSE 250 (MCX) 20,322.01 0.07% techMARK (TASX) 3,520.98 0.01% FTSE 100 - Risers SSE (SSE) 1,451.00p 2.91% Imperial Brands (IMB) 3,170.00p 2.26% Mondi (MNDI) 1,834.00p 1.72% Burberry Group (BRBY) 2,002.00p 1.57% CRH (CRH) 2,728.00p 1.11% British American Tobacco (BATS) 4,974.50p 0.86% Unilever (ULVR) 4,255.00p 0.82% Micro Focus International (MCRO) 2,658.00p 0.76% Old Mutual (OML) 191.40p 0.74% Rio Tinto (RIO) 3,760.50p 0.72% FTSE 100 - Fallers Associated British Foods (ABF) 3,151.00p -2.08% NMC Health (NMC) 3,145.00p -1.69% Persimmon (PSN) 2,836.00p -1.32% G4S (GFS) 263.80p -1.01% Direct Line Insurance Group (DLG) 352.40p -0.98% London Stock Exchange Group (LSE) 3,747.00p -0.69% Royal Bank of Scotland Group (RBS) 274.50p -0.69% Barclays (BARC) 180.15p -0.66% Standard Life Aberdeen (SLA) 422.50p -0.66% Antofagasta (ANTO) 981.50p -0.66% FTSE 250 - Risers Indivior (INDV) 403.00p 5.83% Sophos Group (SOPH) 645.00p 4.96% OneSavings Bank (OSB) 416.90p 4.88% esure Group (ESUR) 268.70p 4.51% Workspace Group (WKP) 921.50p 1.71% Jardine Lloyd Thompson Group (JLT) 1,325.00p 1.69% Wetherspoon (J.D.) (JDW) 1,264.00p 1.61% Aveva Group (AVV) 2,598.00p 1.48% Nostrum Oil & Gas (NOG) 390.50p 1.48% Tullow Oil (TLW) 202.70p 1.45% FTSE 250 - Fallers Wizz Air Holdings (WIZZ) 3,050.00p -8.55% Rank Group (RNK) 228.90p -2.43% Dignity (DTY) 2,396.00p -2.20% Fidessa Group (FDSA) 2,228.00p -1.98% FDM Group (Holdings) (FDM) 955.00p -1.90% St. Modwen Properties (SMP) 388.00p -1.25% Ferrexpo (FXPO) 257.10p -1.12% William Hill (WMH) 269.10p -1.10% Electra Private Equity (ELTA) 960.00p -1.08% UK Event Calendar Wednesday November 08 INTERIMS JZ Capital Partners Ltd, Marks & Spencer Group, Schroder Real Estate Investment Trust Ltd, Sophos Group , SSE, Wizz Air Holdings , Workspace Group INTERIM DIVIDEND PAYMENT DATE STM Group INTERNATIONAL ECONOMIC ANNOUNCEMENTS Crude Oil Inventories (US) (15:30) MBA Mortgage Applications (US) (11:00) Q3 Bank Pekao SA GDS (Reg S) FINALS Tracsis EGMS Symphony Environmental Technologies AGMS Craneware, Haynes Publishing Group, InnovaDerma, Macau Property Opportunities Fund Ltd., Pathfinder Minerals , Picton Property Income Ltd, Ricardo, Strategic Equity Capital TRADING ANNOUNCEMENTS esure Group, Novae Group, OneSavings Bank, Persimmon, Tullow Oil, Wetherspoon (J.D.) UK ECONOMIC ANNOUNCEMENTS RICS Housing Market Survey (23:01) FINAL DIVIDEND PAYMENT DATE Begbies Traynor Group 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 Mixed As Tax Reform Timetable Confuses   Wall Street finished on a mixed note on Tuesday, amid conflicting reports on the likely timing and exact content of any White House tax reform proposal ahead of the anticipated Senate proposal later this week or early during the next one. The Dow Jones Industrial Averagefinished up 0.04% at 23,557.23, the S&P 500 fell 0.02% to 2,590.64, and the Nasdaq 100 ended the session 0.11% firmer at 6,320.78. "It's very unlikely that we get the bill passed before Thanksgiving,” noted Jim Reid at Deutsche Bank earlier in the day on the tax reform timetable. “Instead we might see something around the holiday season or possibly as late as early next year depending on how contentious it is. “So all in all expect this to rumble on for some time.” On the economic front, the Federal Reserve's job opening and labour turnover summary for September printed at 6.09m, topping consensus forecasts for 5.98m, while the IBD/TIPP economic optimism index jumped to a reading of 53.6 in October from 50.3 for September. In corporate news, Priceline and TripAdvisor were trading sharply lower, by 13.52% and 23.22% respectively, on the heels of their quarterly earnings updates delivered late on Monday. Stock in e-commerce crafts marketplace Etsy also slipped, falling 1.69%, despite having said on Monday that it had swung to a profit in the third quarter. Tech icon Apple was also in the headlines as the Cupertino, California-based giant issued $7.0bn of debt maturing in between two and 30 years to finance its share buybacks and dividend payouts. Its shares finished 0.32% higher. Dean Foods was going the other way, with stock in the company finishing 1.03% below the waterline after management lowered its outlook for full-year earnings per share by less than had been feared, to between 80 and 90 cents from a range of between 80 to 95 cents. Shares in Royal Caribbean Cruises sailed ahead 3.34% after the firm posted third quarter earnings per share of $3.4, ahead of consensus forecasts for $3.40. Meanwhile, investors were digesting reports that Walt Disney was in talks with 21st Century Fox over the sale of a large part of its operations, including its share of Sky. Disney shares finished 0.96% higher, while Fox added 1.09%. Dow Jones - Risers Dowdupont Inc. (DWDP) $71.14 1.28% Procter & Gamble Co. (PG) $86.94 1.08% Coca-Cola Co. (KO) $45.94 1.03% Walt Disney Co. (DIS) $101.61 0.96% Caterpillar Inc. (CAT) $138.81 0.80% Boeing Co. (BA) $266.05 0.78% McDonald's Corp. (MCD) $170.75 0.41% General Electric Co. (GE) $20.21 0.40% International Business Machines Corp. (IBM) $151.35 0.34% Apple Inc. (AAPL) $174.81 0.32% Dow Jones - Fallers JP Morgan Chase & Co. (JPM) $98.75 -2.01% Nike Inc. (NKE) $55.15 -1.59% Goldman Sachs Group Inc. (GS) $239.81 -1.51% American Express Co. (AXP) $95.36 -0.96% Merck & Co. Inc. (MRK) $55.59 -0.52% Home Depot Inc. (HD) $163.66 -0.34% Microsoft Corp. (MSFT) $84.27 -0.24% Exxon Mobil Corp. (XOM) $83.58 -0.20% 3M Co. (MMM) $229.83 -0.11% Cisco Systems Inc. (CSCO) $34.40 -0.03% S&P 500 - Risers GGP Inc (GGP) $22.20 16.78% Macerich Co (MAC) $58.76 8.43% Expeditors International Of Washington Inc. (EXPD) $62.04 7.91% Tenet Healthcare Corp. (THC) $13.21 4.43% CVS Health Corp (CVS) $68.95 3.22% Royal Caribbean Cr (RCL) $129.18 3.10% FMC Corp. (FMC) $93.02 2.80% Simon Property Group Inc. (SPG) $158.93 2.62% QUALCOMM Inc. (QCOM) $64.10 2.53% Viacom Inc. Class B (VIAB) $24.78 2.48% S&P 500 - Fallers Mallinckrodt Plc Ordinary Shares (MNK) $20.11 -35.50% TripAdvisor Inc. (TRIP) $30.35 -23.22% Priceline Group Inc (PCLN) $1,645.72 -13.52% CF Industries Holdings Inc. (CF) $36.86 -5.92% Endo International Plc (ENDP) $5.93 -4.97% Coca-Cola European Partners Limited (CCE) $37.90 -4.94% Kohls Corp. (KSS) $40.69 -4.53% Skyworks Solutions Inc. (SWKS) $111.19 -4.42% Microchip Technology Inc. (MCHP) $91.44 -4.11% GameStop Corp. (GME) $17.12 -4.04% Nasdaq 100 - Risers Walgreens Boots Alliance, Inc. (WBA) $67.92 3.00% Incyte Corp. (INCY) $108.14 2.57% QUALCOMM Inc. (QCOM) $64.10 2.53% Viacom Inc. Class B (VIAB) $24.78 2.48% Comcast Corp. (CMCSA) $36.39 2.39% JD.com, Inc. (JD) $39.79 2.00% Mondelez International Inc. (MDLZ) $41.21 1.95% KLA-Tencor Corp. (KLAC) $107.50 1.89% Micron Technology Inc. (MU) $43.95 1.62% Intuitive Surgical Inc. (ISRG) $391.04 1.61% Nasdaq 100 - Fallers Priceline Group Inc (PCLN) $1,645.72 -13.52% Skyworks Solutions Inc. (SWKS) $111.19 -4.42% Microchip Technology Inc. (MCHP) $91.44 -4.11% Liberty Interactive Corporation QVC Group (QVCA) $21.55 -3.10% Expedia Inc. (EXPE) $119.61 -2.74% Broadcom Limited (AVGO) $271.32 -2.23% American Airlines Group (AAL) $46.46 -2.21% Netflix Inc. (NFLX) $195.89 -2.12% Western Digital Corp. (WDC) $86.09 -2.00% Mylan Inc. (MYL) $36.67 -1.93%   Newspaper Round Up Wednesday newspaper round-up: Household finances, Sky News, Hobbs MPs have launched a formal inquiry into household finances, as personal debt hits levels unseen since the financial crisis. The Treasury select committee will examine the debt levels of UK households as well as whether consumers are saving adequately as Britain leaves the European Union. Problem debt and the treatment of low income families by banks will also form part of the inquiry. - Guardian Working families on low incomes will be among the biggest losers when the next recession hits, after their finances were weakened by welfare spending cuts in the wake of the 2008 financial crash. The Institute for Fiscal Studies, a leading tax and spending watchdog, said plans for a reduction in tax credits " which boost the incomes of low paid workers " will take a particularly large toll on households where one or more adults face cuts in hours or lower wages. " Guardian Sky has warned it could close down Sky News if it proves a sticking point with regulators in its £11.7bn takeover by Murdoch-owned 21st Century Fox. The threat to review the future of the news channel if a deal is blocked was made in a submission by Sky to the UK Competition and Markets Authority. The body is undertaking a six-month investigation into whether Fox's purchase of the remaining 61pc of Sky it does not already own would limit media plurality and affect broadcasting standards. " Telegraph Twitter is giving all of its users the ability to post 280-character tweets, double the length of the 140-character limit that has defined the social network since its inception. The company provoked a fierce backlash from its famously vocal user base when it started to test the change in September. " Telegraph The hotel company behind the Principal and De Vere brands has appointed advisers to look at a sale valuing the business at more than £1.2 billion. Starwood Capital Group, the American investment firm, is understood to have taken on UBS to advise it on strategic options for the Principal Hotel Company ranging from a refinancing to an outright disposal. " The Times The fashion among South African buyers for snapping up British retailers has reached Hobbs, the upmarket women's clothing chain favoured by the Duchess of Cambridge. The Foschini Group, already the owner of Hobbs' high street peers Phase Eight and Whistles, has bought the business from 3i, the listed private equity firm; 3i had bought Hobbs for £111 million in 2004 and was understood to have been marketing it for £80 million this year. " The Times Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 GSK GlaxoSmithKline plc 3.66 2 GGP Greatland Gold Plc 1.97 3 LLOY Lloyds Banking Group plc 1.70 4 UKOG UK Oil & Gas Investments plc 1.65 5 SMT Scottish Mortgage Investment Trust 1.50 6 BT.A BT Group plc 1.50 7 IQE IQE plc 1.48 8 XBT Provider AB 1.16 9 PTEC Playtech plc 1.12 10 AST Ascent Resources plc 1.02 Number of Deals Sold Place EPIC Equity name % 1 BP. BP Plc 1.88 2 FEVR Fevertree Drinks plc 1.75 3 IQE IQE plc 1.73 4 UKOG UK Oil & Gas Investments plc 1.69 5 LLOY Lloyds Banking Group plc 1.56 6 RDSB Royal Dutch Shell Plc B Shares 1.28 7 BT.A BT Group plc 1.27 8 GGP Greatland Gold Plc 1.26 9 GLEN Glencore plc 0.95 10 BOO Boohoo.com 0.93   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