| | | | | 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 down as investors eye rate announcements London stocks edged lower in early trade on Thursday as investors digested a rate hike by the Federal Reserve and looked ahead to more policy decisions from the Bank of England and the European Central Bank. At 0830 GMT, the FTSE 100 was down 0.2% to 7,485.53, while the pound was up 0.1% versus the euro and the dollar at 1.1358 and 1.3430, respectively. On Wednesday, the Fed hiked rates by 25 basis points, as expected, marking the third increase this year. In addition, the US central bank projected three more rate hikes in each of 2018 and 2019. The BoE rate announcement is at 1200 GMT and the ECB policy announcement is at 1245 GMT. Threadneedle Street is widely expected to stand pat on interest rates after last month's increase and there will be no press conference following the announcement this time. CMC Markets analyst Michael Hewson said: "The UK central bank is unlikely to change its view of the UK economy so soon after last month's inflation report, but the rise in CPI inflation to 3.1% earlier this week does vindicate the concern of some policymakers about the prospect of inflation starting to become entrenched. Given recent PMI data there is a risk that we could see a couple more months of CPI at around the 3% level, though wages do appear to be showing some signs of starting to tick higher. The ECB is also expected to leave monetary policy unchanged, so investors will be eyeing President Mario Draghi's views on the eurozone economy. Oanda analyst Craig Erlam said: "With the ECB having only announced a taper to its quantitative easing program at the last meeting, it's extremely unlikely that further updates will come today and I doubt Draghi will make any promises regarding the end of bond buying from September. That said, with the economic recovery gathering momentum, Draghi is likely to be pushed on this and may offer small clues on the next steps, for example the timing of the first rate hike and how the central bank will approach raising rates and reducing its balance sheet." Ahead of the rate announcements, UK retail sales data is due at 0930 GMT, with economists expecting sales to have picked up a little in November to a 0.4% rise from 0.3% the month before. In corporate news, distribution and outsourcing group Bunzl slipped after saying it has been trading in line and expects full-year revenues to rise around 15% at actual exchange rates. Ocado was on the back foot after it reported strong but slightly slower sales growth in the fourth quarter as a lack of delivery drivers put the brakes on capacity, though previous falls in the online grocer's average basket size were arrested. Oilfield services group Petrofac was weaker despite saying in a pre-close update that trading was in line with expectations and that it has seen a recovery in new order intake in 2017. 888 Holdings lost ground after it said earnings before interest, taxes, depreciation and amortisation for the year to the end of December should be in line with market expectations. Sports Direct shares slumped after the company posted a 67% drop in first-half profit, with investors seemingly unconvinced by chief executive Mike Ashley's claims that the group's elevation strategy is delivering a "spectacular trading performance". Imperial Leather and Original Source owner PZ Cussons retreated as it warned that first-half operating profits will be around 10% lower than the previous period due to reduced margins in some business units in Europe and Africa. Outsourcer Capita tumbled after saying trading for the year to date was in line with expectations, but highlighting a challenging outlook for 2018, while Standard Chartered was hit by a downgrade to 'sell' at Investec. On the upside, BT Group rallied after an upgrade to 'buy' at UBS, while IMI advanced after agreeing to acquire Bimba, a manufacturer of pneumatic, hydraulic and electric motion solutions with an extensive distributor network principally servicing the North American industrial automation market. |
| | 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) 7,485.53 -0.15%
FTSE 250 (MCX) 19,984.24 -0.38%
techMARK (TASX) 3,479.41 0.01% FTSE 100 - Risers BT Group (BT.A) 273.95p 2.22%
Randgold Resources Ltd. (RRS) 6,910.00p 1.69%
Fresnillo (FRES) 1,314.00p 1.00%
Shire Plc (SHP) 3,713.50p 0.98%
Smurfit Kappa Group (SKG) 2,356.00p 0.81%
Centrica (CNA) 140.60p 0.79%
Anglo American (AAL) 1,398.00p 0.61%
NMC Health (NMC) 2,915.00p 0.52%
Berkeley Group Holdings (The) (BKG) 4,139.00p 0.44%
British Land Company (BLND) 664.00p 0.38% FTSE 100 - Fallers Standard Chartered (STAN) 758.60p -1.99%
Worldpay Group (WPG) 423.50p -1.65%
Morrison (Wm) Supermarkets (MRW) 211.30p -1.49%
HSBC Holdings (HSBA) 757.50p -1.47%
Carnival (CCL) 4,782.00p -1.36%
WPP (WPP) 1,348.00p -1.10%
Sainsbury (J) (SBRY) 235.50p -1.09%
Lloyds Banking Group (LLOY) 66.63p -1.08%
G4S (GFS) 248.90p -1.07%
Barclays (BARC) 201.70p -1.03% FTSE 250 - Risers Inmarsat (ISAT) 452.20p 2.56%
Hochschild Mining (HOC) 238.30p 2.23%
Centamin (DI) (CEY) 144.58p 1.96%
IP Group (IPO) 145.40p 1.54%
Sirius Minerals (SXX) 23.70p 1.28%
Vectura Group (VEC) 105.20p 1.25%
Polar Capital Technology Trust (PCT) 1,127.89p 1.25%
IMI (IMI) 1,267.00p 1.20%
Domino's Pizza Group (DOM) 326.10p 1.18%
Countryside Properties (CSP) 345.70p 1.05% FTSE 250 - Fallers Capita (CPI) 428.54p -8.02%
PZ Cussons (PZC) 311.90p -4.85%
Sports Direct International (SPD) 365.80p -4.59%
Marston's (MARS) 114.00p -3.55%
Bovis Homes Group (BVS) 1,118.00p -1.93%
888 Holdings (888) 272.40p -1.73%
Spectris (SXS) 2,463.00p -1.72%
Travis Perkins (TPK) 1,540.00p -1.60%
Mitchells & Butlers (MAB) 262.70p -1.57% |
| | Join a Q&A with eToro's top popular investor, Jaynemesis! | | Understand how he made over 200% returns trading cryptocurrencies this year. @ 3pm GMT on Friday, 8th December.
|
| | UK Event Calendar | | Thursday December 14 INTERIMS
F&C Global Smaller Companies, Omega Diagnostics Group, ReNeuron Group, Sports Direct International, Tungsten Corporation INTERIM DIVIDEND PAYMENT DATE
Vedanta Resources INTERIM EX-DIVIDEND DATE
3i Group, BCA Marketplace, Bonmarche Holdings, Brown (N.) Group, Charles Stanley Group, Circle Property , Clipper Logistics , Lazard World Trust Fund, Michelmersh Brick Holdings, Northgate, Severfield, Sirius Real Estate Ltd., Speedy Hire, Tatton Asset Management , Telford Homes, Vianet Group QUARTERLY PAYMENT DATE
Brunner Inv Trust, UIL Limited (DI) QUARTERLY EX-DIVIDEND DATE
Assura , Funding Circle SME Income Fund, Mercantile Investment Trust (The), Real Estate Credit Investments Ltd, XP Power Ltd. (DI) INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Business Inventories (US) (15:00)
Continuing Claims (US) (13:30)
ECB Interest Rate (EU) (12:45)
Import and Export Price Indices (US) (13:30)
Retail Sales (US) (13:30) FINALS
Jersey Electricity 'A' Shares, Titon Holdings SPECIAL EX-DIVIDEND DATE
Ferrexpo, VinaLand Ltd EGMS
GVC Holdings AGMS
Pipehawk, Sareum Holdings, Upland Resources Limited (DI), Vernalis plc, VinaCapital Vietnam Opportunity Fund Ltd. TRADING ANNOUNCEMENTS
Bunzl, Centrica, Headlam Group, Ocado Group, Petrofac Ltd., Porvair, PZ Cussons UK ECONOMIC ANNOUNCEMENTS
BoE Interest Rate Decision (12:00)
Retail Sales (09:30)
RICS Housing Market Survey (00:01) FINAL DIVIDEND PAYMENT DATE
MJ Gleeson , Telefonica SA FINAL EX-DIVIDEND DATE
Aeorema Communications, Associated British Foods, Carr's Group, JPMorgan Chinese Inv Trust, Marston's, Mitchells & Butlers, Numis Corporation, Oxford Metrics
|
| | 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.
|
| | Cryptocurrencies Report | | Top Cryptocurrencies | # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | | 1 |  | Bitcoin (BTC) | 280,696,328,310
| 16,492.78 | +0.78% |  | | 2 |  | Ethereum (ETH) | 71,306,185,114 | 744.09 | +6.56% |  | | 3 |  | Bitcoin Cash / BCC (BCH) | 32,056,939,311 | 1,855.3 | +21.2% |  | | 4 |  | Ripple (XRP) | 21,686,095,807 | 0.531895 | +13.26% |  | | 5 |  | Litecoin (LTC) | 16,401,361,697 | 290.95 | -2.69% |  | See our full list of cryptocurrencies |
| | US Market Report | | US close: Stocks end on mixed note, despite Fed and tax cuts Stocks finished on a mixed note after two rate-setters dissented from the Federal Reserve's widely-expected decision to hike rates. Investors were apparently also unimpressed by reports that Republicans in the House and Senate had agreed on the final version of a proposal for tax cuts. By the close of trading in New York, the Dow Jones Industrial Average was 0.33% or 80.63 points higher to 24,585.43, albeit alongside a dip of 0.05% or 1.26 points to 2,662.85 on the S&P 500. In parallel, the Nasdaq Composite was ahead by 0.20% or 13.48 points to 6,875.80. Meanwhile, as of 2256 GMT the yield on the benchmark 10-year US Treasury note was down by six basis points to 2.34% and the US dollar spot index by 0.69% to 93.45. Predictably, weakness in the Greenback sparked buying in gold futures, with the February 2018 COMEX contract trading higher by 0.75% to $1,258/oz.. As expected, the Federal Open Market Committee decided to raise the range for the Fed funds rate by 25 basis points on Wednesday evening, to between 1.25% and 1.50%. Policymakers also stuck by their projections calling for three more interest rate hikes in 2018, as they bumped up their forecast for GDP growth next year, to 2.5%, on the expected passage of Republicans' tax cut plans, the details of which were now expected later in the week. However, two FOMC members, Chicago Fed chief Charles Evans and his opposite number in Minneapolis, Neel Kashkari, both dissented, instead casting their ballots in favour of no change in rates. "Despite factoring in the imminent fiscal stimulus into their GDP growth projections for 2018, however, officials still anticipate only three more rate hikes next year. In contrast, we suspect that a slightly stronger rebound in inflation next year will ultimately persuade the Fed to hike rate four times in 2018," said Paul Ashworth, chief economist at Capital Economics. Earlier in the session, the Department of Labor reported that the 'core' CPI rate advanced at a 0.1% month-on-month clip in November, leading to a one tenth of a percentage point slip in the year-on-year pace to 1.7% (consensus: 1.8%). Given rising short-term interest rates and estimates that the neutral real rate of interest was now quite lower than before the financial crisis, economists were understandably a tad more cautious in the wake of Wednesday's weaker than forecast reading on CPI. Thus, in a note sent to clients, Barclays's Blerina Uruci said: "After returning to positive prints briefly, monthly core goods prices decline again in November and the pace of increase in core services slowed. In the background, investors were also mulling news that Democrat Doug Jones won Alabama's Senate election on Tuesday night, defeating Republican Roy Moore, who was backed by Donald Trump. The victory for Jones will reduce the Republican Senate majority to 51-49 from 52-48, prompting fears that it will be harder for the Republicans to push through major overhauls such as tax reform. In corporate news, drug-maker Eli Lilly laid-out its sales guidance for the full-year 2018, predicting revenues would be in a range between $23.0bn and $23.5bn (consensus: $23.1bn). Shares of Amgen were also trading on the frontfoot, after it announced a 15% increase in its first quarter 2018 dividend. To the downside, stock in biotech group Proteostasis Therapeutics was weaker in pre-market trade after announcing late on Tuesday that it plans to sell 7m shares of its common stocks. Elsewhere, shares of ship builder Nordic American Tankers tumbled after saying it plans to sell $100m shares through a public offering. Dow Jones - Risers Caterpillar Inc. (CAT) $148.57 3.59%
Nike Inc. (NKE) $64.30 3.43%
Coca-Cola Co. (KO) $45.90 1.35%
Procter & Gamble Co. (PG) $90.88 1.15%
Wal-Mart Stores Inc. (WMT) $97.79 1.10%
3M Co. (MMM) $239.12 1.07%
Unitedhealth Group Inc. (UNH) $224.35 0.84%
McDonald's Corp. (MCD) $173.55 0.77%
Home Depot Inc. (HD) $183.03 0.68%
United Technologies Corp. (UTX) $124.30 0.66% Dow Jones - Fallers International Business Machines Corp. (IBM) $153.91 -1.81%
American Express Co. (AXP) $97.78 -1.59%
JP Morgan Chase & Co. (JPM) $105.51 -1.25%
General Electric Co. (GE) $17.76 -0.84%
Goldman Sachs Group Inc. (GS) $255.56 -0.82%
Travelers Company Inc. (TRV) $133.52 -0.59%
Verizon Communications Inc. (VZ) $52.89 -0.56%
Dowdupont Inc. (DWDP) $70.56 -0.32%
Merck & Co. Inc. (MRK) $56.91 -0.28%
Microsoft Corp. (MSFT) $85.35 -0.27% S&P 500 - Risers CenturyLink Inc. (CTL) $16.75 6.69%
Mattel Inc. (MAT) $15.59 6.63%
Freeport-McMoRan Inc (FCX) $16.32 3.88%
Hasbro Inc (HAS) $95.45 3.73%
Caterpillar Inc. (CAT) $148.57 3.59%
Nike Inc. (NKE) $64.30 3.43%
Newmont Mining Corp. (NEM) $35.75 3.35%
Vertex Pharmaceuticals Inc. (VRTX) $144.80 2.76%
Target Corp. (TGT) $62.67 2.70%
Adobe Systems Inc. (ADBE) $176.83 2.49% S&P 500 - Fallers Archer-Daniels-Midland Co. (ADM) $40.03 -4.12%
Twenty-First Century Fox Inc Class A (FOXA) $32.75 -3.96%
Ralph Lauren Corp (RL) $96.22 -3.91%
Newfield Exploration Co (NFX) $29.07 -3.87%
Twenty-First Century Fox Inc Class B (FOX) $32.34 -3.75%
Spectra Energy Corp. (SE) $12.73 -3.56%
F5 Networks Inc. (FFIV) $131.00 -3.31%
Transocean Ltd. (RIG) $9.82 -3.25%
Hess Corp. (HES) $44.10 -2.88%
Unum Group (UNM) $54.95 -2.59% Nasdaq 100 - Risers Mercadolibre Inc. (MELI) $318.94 8.07%
JD.com, Inc. (JD) $40.80 5.81%
NetEase Inc. Ads (NTES) $357.80 3.85%
Hasbro Inc (HAS) $95.45 3.73%
Incyte Corp. (INCY) $98.10 2.83%
Vertex Pharmaceuticals Inc. (VRTX) $144.80 2.76%
Adobe Systems Inc. (ADBE) $176.83 2.49%
Western Digital Corp. (WDC) $83.63 2.27%
Dentsply International Inc. (XRAY) $66.06 1.65%
Wynn Resorts Ltd. (WYNN) $164.85 1.56% Nasdaq 100 - Fallers Twenty-First Century Fox Inc Class A (FOXA) $32.75 -3.96%
Twenty-First Century Fox Inc Class B (FOX) $32.34 -3.75%
PACCAR Inc. (PCAR) $70.10 -2.52%
Nvidia Corp. (NVDA) $186.18 -2.44%
Comcast Corp. (CMCSA) $38.58 -2.35%
Electronic Arts Inc. (EA) $105.54 -1.97%
Shire Plc Ads (SHPG) $147.31 -1.41%
Dish Network Corp. (DISH) $48.99 -1.29%
Liberty Global plc Series C (LBTYK) $30.77 -1.16% |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Newspaper Round Up | | Thursday newspaper round-up: Brexit defeat, Ofwat, Russian gas, Heathrow Theresa May suffered her first Brexit defeat in the Commons last night as Tory “mutineers” ensured that MPs must approve the terms of Britain’s departure from the EU. The move prompted recriminations from Leave supporters who accused pro-Remain MPs of trying to delay or reverse the EU referendum result by creating the opportunity to reject the terms of withdrawal at a later date. - The Times The British government is making a last-minute diplomatic push to persuade the EU to publicly and explicitly state its willingness to hold talks on post-Brexit trade before March next year. A draft statement due to be signed off by EU leaders on Friday, along with comments from senior officials and diplomats in Brussels, suggest substantive talks can only start in spring, once the EU has published its own plan for the future. - Guardian The water regulator has promised the toughest clampdown on household bills since the industry was privatised 30 years ago. However, while shares in the listed water companies drifted toward two-year lows, having lost 20 per cent since the summer, prices may not fall by quite as much. Ofwat claimed the regime for setting water bills from the spring of 2020 will be the hardest yet for any privatised regulated utility in the country. - The Times Deutsche Börse, the German stock exchange operator, is to consider the launch of a bitcoin future on its Eurex derivative exchange. A spokesman for the Frankfurt-based exchange, said it will take "some time" before a final decision is made. - The Times The richest 0.1% of the world's population have increased their combined wealth by as much as the poorest 50% ?" or 3.8 billion people ?" since 1980, according to a report detailing the widening gap between the very rich and poor. The World Inequality Report, published on Thursday by French economist Thomas Piketty, warned that inequality had ballooned to "extreme levels" in some countries and said the problem would only get worse unless governments took coordinated action to increase taxes and prevent tax avoidance. - Guardian Britain has emerged as the unlikely first recipient of gas from a sanctioned Russian project after fears of a winter supply crisis drove prices close to five year highs. Russian President Vladimir Putin opened the £20bn Yamal project on Russia's northern coastline last week. Shortly after, British wholesale gas prices soared to four-year highs when a crucial North Sea pipeline was put out of action by a crack and a distribution hub in Austria was hit by an explosion. - Telegraph The projected returns on research and development for the world's leading pharmaceutical companies have fallen to their lowest level in eight years. The returns for the 12 leading companies, including Glaxosmithkline and Astrazeneca, are estimated to have dropped to 3.2 per cent this year, down from 10.1 per cent in 2010, according to an annual analysis by Deloitte. - The Times The public will be able to give feedback for the first time in more than three years on Heathrow's expansion as part of a consultation being launched by the airport next year. The 10-week public planning consultation, which starts on Jan 17 and will run until March 28, will allow the public to put forward their views on various factors of the expansion scheme. - Telegraph Controversial legislation that would have made it harder for journalists to expose wrongdoing by criminals and corrupt politicians was rebuffed last night, after senior peers spoke up in defence of press freedom. The "repressive" amendment to the Data Protection Bill would have had a "chilling effect" on the media by allowing the subjects of investigations to obstruct publication, the House of Lords heard. - The Times MPs have accused Boeing of risking the special relationship between Britain and the US with "spiteful" behaviour towards Bombardier that puts thousands of jobs at risk in Northern Ireland. Sir Michael Arthur, president of Boeing Europe, responded to the claims of MPs on the Northern Ireland affairs select committee yesterday by saying that Boeing had become a scapegoat. - The Times |
| | 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. | | | | 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