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| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks rise as pound slips; central bank updates in focus London stocks rose in early trade on Monday, helped along by a weaker pound as investors looked ahead to a week of central bank updates. At 0840 GMT, the FTSE 100 was up 0.6% to 7,435.43, while the pound was down 0.2% versus the dollar at 1.3369 and 0.4% weaker against the euro at 1.1339. Spreadex analyst Connor Campbell said: "This week's economic calendar is a veritable Christmas feast, with updates from the Federal Reserve, Bank of England and ECB; the ominous trio of UK inflation, wage growth and retails sales; and the latest US CPI reading. Sadly none of that arrives today, with Monday the chilly calm before a snowstorm of data. "Thanks to Monday's meagre offerings, it seems the pound has been forced to mull over last week's 'Brexit breakthrough', with the weekend's papers full of potential issues. These include reports that a number of non-EU countries have voiced displeasure at the thought of the UK getting a special deal, and a potential disagreement between Ireland and David Davis after the latter claimed last Friday's agreement was a 'statement of intent' rather than something more concrete." In corporate news, Babcock was on the front foot after it said the adoption of new accounting rule IFRS 15 would not require a change in contract revenue or profit recognition. BAE Systems rallied as it announced a £5bn contract to supply Typhoon aircraft to the Qatari air force. Thread maker Coats rose after saying it has bought US specialist yarn manufacturer Patrick Yarn Mill for $21m with a further $4m on the table subject to performance targets. Investec advanced as it reassured investors that it has "immaterial exposure" to embattled Steinhoff International, the South African retail giant that caused alarm for its lenders after its shares fell 80% last week. Convatec was the standout gainer after an upgrade to 'overweight' by Morgan Stanley, while Inmarsat was hit by a downgrade to 'neutral' at Goldman Sachs. Whitbread was in the red after chief executive Alison Brittain told The Times that Costa and Premier Inn are not yet ready to stand alone, knocking the froth off recent excitement about a new activist investor. |
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| | Market Movers FTSE 100 (UKX) 7,435.43 0.56%
FTSE 250 (MCX) 20,007.44 0.07%
techMARK (TASX) 3,456.41 0.38% FTSE 100 - Risers Convatec Group (CTEC) 218.60p 4.00%
Babcock International Group (BAB) 678.00p 2.49%
HSBC Holdings (HSBA) 747.20p 1.91%
Shire Plc (SHP) 3,708.00p 1.64%
British American Tobacco (BATS) 5,008.00p 1.40%
BAE Systems (BA.) 564.00p 1.26%
Johnson Matthey (JMAT) 3,047.00p 1.16%
Standard Chartered (STAN) 767.95p 1.09%
Unilever (ULVR) 4,216.50p 0.84%
Mondi (MNDI) 1,707.00p 0.77% FTSE 100 - Fallers Whitbread (WTB) 3,926.00p -1.70%
Mediclinic International (MDC) 585.50p -1.60%
easyJet (EZJ) 1,441.00p -1.03%
BT Group (BT.A) 265.90p -0.78%
SSE (SSE) 1,318.00p -0.45%
Vodafone Group (VOD) 228.50p -0.39%
Imperial Brands (IMB) 3,073.00p -0.34%
Rentokil Initial (RTO) 311.80p -0.32%
Glencore (GLEN) 344.42p -0.31%
Direct Line Insurance Group (DLG) 358.30p -0.22% FTSE 250 - Risers Hochschild Mining (HOC) 229.20p 3.29%
Clarkson (CKN) 2,815.00p 2.89%
Centamin (DI) (CEY) 139.30p 2.35%
Renewi (RWI) 101.50p 1.91%
Fidelity China Special Situations (FCSS) 234.72p 1.83%
Sanne Group (SNN) 747.00p 1.77%
IP Group (IPO) 148.70p 1.64%
Investec (INVP) 468.80p 1.60%
Fisher (James) & Sons (FSJ) 1,600.00p 1.59%
NewRiver REIT (NRR) 321.03p 1.53% FTSE 250 - Fallers Inmarsat (ISAT) 473.70p -2.49%
TalkTalk Telecom Group (TALK) 150.90p -2.33%
Mitie Group (MTO) 195.80p -1.31%
Hikma Pharmaceuticals (HIK) 1,007.00p -1.27%
Equiniti Group (EQN) 298.03p -1.02%
Capita (CPI) 481.75p -0.89%
Big Yellow Group (BYG) 844.00p -0.88%
Ladbrokes Coral Group (LCL) 177.40p -0.67%
Smith (DS) (SMDS) 518.50p -0.67% |
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| | UK Event Calendar | | Monday December 11 INTERIMS
Marlowe, Photo-Me International, Polar Capital Holdings INTERIM DIVIDEND PAYMENT DATE
DCC FINALS
Hollywood Bowl Group, Local Shopping REIT EGMS
Global Ports Investments GDR (REG S) AGMS
Westmount Energy Ltd. FINAL DIVIDEND PAYMENT DATE
YouGov
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| | Cryptocurrencies Report | | Top Cryptocurrencies | # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | | 1 |  | Bitcoin (BTC) | 279,241,719,146 | 16,379.13 | +9.45% |  | | 2 |  | Ethereum (ETH) | 44,664,618,781 | 464.59 | +1.75% |  | | 3 |  | Bitcoin Cash / BCC (BCH) | 23,599,112,073 | 1,396.67 | +4.66% |  | | 4 |  | IOTA (IOT) | 11,867,955,016 | 4.21 | +4.53% |  | | 5 |  | Ripple (XRP) | 9,454,520,735 | 0.247228 | +3.98% |  | See our full list of cryptocurrencies |
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| | US Market Report | | US close: Dow Industrials, S&P 500 finish week at record highs The Dow Jones Industrials and S&P 500 finished the week at record highs with commodity stocks pacing gains on the back of strong Chinese trade data for the month of November, even as the latest monthly jobs report revealed wage growth fell short of forecasts once again. At the closing bell, the Dow Jones Industrial Average was up by 0.49% or 117.68 points to 24,329.16, alongside gains of 0.55% or 14.52 points to 2,651.50 for the S&P 500 and a rise of 0.40% or 27.24 points to 6,840.08 on the Nasdaq Composite. From a sector standpoint, the biggest gains were recorded in the following market groups: Coal (6.37%), Iron&Steel (2.48%), Drug Retailers (2.33%) and Industrial metals (2.02%). Stoking gains in the above segments, overnight China's Customs Administration reported much stronger than expected readings on the country's exports and imports for November, including an acceleration in the pace of commodity import volumes from a 0.9% year-on-year clip in October to 6.1% last month. In parallel, the yield on the benchmark 10-year US Treasury note was up by one basis point to 2.38%, with the US dollar spot index up by 0.11% to 93.901 but gold down by 0.21% to $1,250.50/oz. on COMEX - a near four-and-a-half month low. Helping to boost sentiment, the Department of Labor reported that US non-farm payrolls increased by 228,000 in November (consensus: 200,000), which was well above the roughly 90,000 monthly gain needed to keep up with new entrants into the jobs market, according to economists. However, average hourly earnings advanced at just a 2.5% year-on-year clip last month, undershooting projections calling for a gain of 2.7%. On the back of the data, Blerina Uruci and Pooja Sriram at Barclays Research told clients: "FOMC members view the longer run rate of UR as 4.6%, indicating that at current levels and given the continued solid increases in employment, the risk of a substantial undershooting of the Fed's long-run unemployment rate is rising. "In our view, this suggests that gradual normalization of monetary policy will likely continue next year even amid sub-target outturns on inflation." Also in economic news, the preliminary reading for the University of Michigan's consumer confidence index revealed a dip from 98.5 last month to 96.8 for December, as the expectations sub-index slipped from 88.9 to 84.6. In corporate news, gun-maker American Outdoor Brands was sharply lower after the company posted a large drop in third-quarter revenues and cut its forecast for annual earnings. Shares in food distributor United Natural Foods were a tad higher following the release of its first-quarter earnings the night before. Elsewhere, stock in Denali Therapeutics traded slightly lower after the company priced its stockmarket float at the midpoint of its proposed pricing range. MSG Networks ended after its Board having announced a $150m share buyback programme. GigCapital ended flat on the day of its stockmarket debut. Dow Jones - Risers Boeing Co. (BA) $285.90 2.74%
Caterpillar Inc. (CAT) $143.86 2.51%
Microsoft Corp. (MSFT) $84.16 2.02%
Goldman Sachs Group Inc. (GS) $250.35 1.79%
Unitedhealth Group Inc. (UNH) $223.91 1.71%
Merck & Co. Inc. (MRK) $55.57 1.46%
Home Depot Inc. (HD) $183.41 1.44%
Verizon Communications Inc. (VZ) $51.09 1.33%
JP Morgan Chase & Co. (JPM) $105.93 1.25%
Nike Inc. (NKE) $61.30 1.16% Dow Jones - Fallers Walt Disney Co. (DIS) $104.23 -1.17%
Coca-Cola Co. (KO) $45.31 -1.03%
3M Co. (MMM) $238.13 -0.90%
Dowdupont Inc. (DWDP) $70.73 -0.49%
Travelers Company Inc. (TRV) $133.75 -0.34%
Wal-Mart Stores Inc. (WMT) $96.55 -0.24%
Apple Inc. (AAPL) $169.37 0.03%
Exxon Mobil Corp. (XOM) $82.66 0.13%
McDonald's Corp. (MCD) $173.15 0.14%
Chevron Corp. (CVX) $119.92 0.26% S&P 500 - Risers CF Industries Holdings Inc. (CF) $39.26 7.41%
Alexion Pharmaceuticals Inc. (ALXN) $114.46 7.19%
Frontier Communications Co. (FTR) $9.75 6.56%
CenturyLink Inc. (CTL) $14.67 6.00%
Mallinckrodt Plc Ordinary Shares (MNK) $22.30 4.94%
Best Buy Co. Inc. (BBY) $63.79 4.63%
Edison International (EIX) $71.80 4.48%
United States Steel Corp. (X) $33.22 4.33%
Freeport-McMoRan Inc (FCX) $14.97 4.32%
Edwards Lifesciences Corp. (EW) $118.03 4.12% S&P 500 - Fallers H&R Block Inc. (HRB) $27.22 -6.11%
Ball Corp (BLL) $39.60 -2.94%
General Mills Inc. (GIS) $55.84 -2.73%
Twenty-First Century Fox Inc Class A (FOXA) $33.30 -2.57%
Campbell Soup Co. (CPB) $48.95 -2.47%
Chesapeake Energy Corp. (CHK) $3.68 -2.39%
Twenty-First Century Fox Inc Class B (FOX) $32.97 -2.37%
Mattel Inc. (MAT) $15.04 -2.27%
Autodesk Inc. (ADSK) $107.16 -2.24%
DaVita Inc (DVA) $67.71 -2.15% Nasdaq 100 - Risers Alexion Pharmaceuticals Inc. (ALXN) $114.46 7.19%
Western Digital Corp. (WDC) $81.47 3.98%
Vertex Pharmaceuticals Inc. (VRTX) $143.61 3.48%
Mylan Inc. (MYL) $38.67 3.48%
Celgene Corp. (CELG) $106.09 3.27%
Shire Plc Ads (SHPG) $148.00 3.24%
Walgreens Boots Alliance, Inc. (WBA) $71.55 2.79%
O'Reilly Automotive Inc. (ORLY) $251.07 2.54%
Hologic Inc. (HOLX) $42.69 2.42%
Seagate Technology Plc (STX) $40.49 2.30% Nasdaq 100 - Fallers Twenty-First Century Fox Inc Class A (FOXA) $33.30 -2.57%
Twenty-First Century Fox Inc Class B (FOX) $32.97 -2.37%
Autodesk Inc. (ADSK) $107.16 -2.24%
Ctrip.Com International Ltd. Ads (CTRP) $42.98 -1.78%
Applied Materials Inc. (AMAT) $51.43 -1.66%
Liberty Global plc Series C (LBTYK) $29.87 -1.58%
QUALCOMM Inc. (QCOM) $64.24 -1.52%
Broadcom Limited (AVGO) $259.91 -1.51%
Liberty Global plc Series A (LBTYA) $30.77 -1.50% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Monday newspaper round-up: Brexit, energy cap, fund charges, defence review Theresa May will insist that “nothing is agreed until everything is agreed” on the terms of Brexit after the Irish government claimed that last week's preliminary deal is binding. The Prime Minister will say in the House of Commons on Monday that although she is optimistic that a deep and special future deal can be agreed, last week's agreement is contingent on such an outcome. - Telegraph Theresa May's delicate Brexit compromise on Ireland was in danger of unravelling last night after the government's commitment to a deal was questioned in Dublin and Brussels. After David Davis described the deal as a "statement of intent" that was not legally enforceable, a senior Brussels source said that detailed negotiations on a future EU-UK relationship would only start once the withdrawal treaty, together with the financial settlement, had been completed. - The Times Government officials have admitted the plan to put a cap on standard energy prices could scupper growing competition in the energy market, unless the regulator keeps bills high enough to make it worthwhile for consumers to switch. Ministers have argued that the first intervention in energy pricing since privatisation is necessary after Ofgem's previous attempts to break up the "two-tier energy market" failed and its recent efforts will take too long to come into effect. - Telegraph …the price cap also risks damaging her government's hopes of installing millions more smart meters in homes, two of the UK's biggest energy companies have warned. Giving evidence before the business, energy and industrial strategy committee , British Gas owner Centrica said: "We believe the price cap will damage the rollout of smart meters and may reduce the total number of meters installed." - Guardian The academic appointed by regulators to force fund managers to be more transparent says that the industry is "arrogant and complacent" and estimates that it is taking £35 billion a year too much in hidden charges from pension funds. Chris Sier, chairman of the institutional disclosure working group, said that he was determined to expose costs that are never disclosed but seriously eat into retirement incomes or add to the expenses of employers running defined-benefit schemes. - The Times The Ministry of Defence is set to request a full defence review and £4 billion of emergency cash to avert deep cuts to the armed forces. It is preparing to ask Theresa May and Mark Sedwill, the national security adviser, if the defence element of a review of security capability can be elevated to a formal strategic defence review early next year, four sources said. - The Times Billions of pounds have been laundered through the City of London, despite Britain remaining one of the safest and cleanest places in the world to do business, the home secretary has said. Amber Rudd issued the warning as she announced plans for a new national economic crime centre, with the power to task the Serious Fraud Office to investigate the worst cases of fraud, money laundering and corruption. - Guardian The first-even bitcoin future began trading Sunday as the increasingly popular virtual currency made its debut on a major US exchange. The futures contract that expires in January rose from $15,460 to $16,000 in its first hours of trading on the Chicago Board Options Exchange. - Guardian A world expert in financial options has warned that those hoping to use futures contracts to bet against the spiralling price of bitcoin were doomed to lose money. Nassim Nicholas Taleb, an authority on derivative markets, said that there was "no way to short the bitcoin 'bubble' " properly. - The Times Britain's biggest businesses are warning the economy will remain in the slow lane, as uncertainty from Brexit puts their investment plans on ice despite progress with Brussels. The interjection by British Chambers of Commerce comes before a meeting of Bank of England's rate-setting committee this week. - Guardian One in eight workers are thinking about leaving their workplace pension schemes when contributions rise next April, according to research by Aviva. The insurance giant said that while only 4pc of people have definitely decided to opt out of their pension schemes next April, with half of people still planning to save into one, everyone else is on the fence. - Telegraph Labour is considering moving the Bank of England from its London home of more than 300 years to Birmingham if it wins the next general election. Consultants commissioned by John McDonnell, the shadow chancellor, have recommended moving "some functions" near to the National Investment Bank and Strategic Investment Board, organisations that the party intends to create in the country's second biggest city. - The Times The world's central banks and financial authorities should club together to "stress test" the entire global economy in order to spot potential crises before they strike, a former top policymaker has proposed. Regulators including the Bank of England, the Federal Reserve in the US and the European Central Bank already stress test the banks under their purview to see how the lenders could withstand recessions and to spot any problems building up in the system. - Telegraph The Government has been urged to focus on the aviation industry in its Brexit talks if the country is to avoid suffering a hit to trade and investment. The Independent Transport Commission think-tank, one of the country's leading research charities, has issued a report claiming a lack of support for the sector could lead to trade suffering once the UK leaves the EU. - Telegraph England languishes outside the world top ten for the proportion of waste recycled, behind several Asian nations and other parts of the UK, figures show. The recycling rate in England fell for the first time since records began between 2014 and 2015 and recovered by only 0.6 percentage points between 2015 and 2016. - The Times |
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