Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Friday, 15 December 2017 10:03:25 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 flat amid worries over US tax bill passage London stocks were little changed in early trade on Friday amid worries about the passing of the US tax bill and as investors eyed the next phase of the Brexit saga. At 0830 GMT, the FTSE 100 was steady at 7,446.70, while the pound was down 0.1% against the euro at 1.1397 and flat versus the dollar 1.3431, with EU leaders expected to formally agree to start the next phase of Brexit negotiations later in the day. Spreadex analyst Connor Campbell said: "While the fact that it is almost a given at this point might dampen the sterling's enthusiasm, considering its rocky December form the currency shouldn't turn its nose up at any good news, however predictable." Meanwhile, investors were mulling the possibility that the highly anticipated tax plan being drafted in the US may be on the point of starting to unravel after Republican Florida senator Marco Rubio said on Thursday that he would not vote for the package without changes to some tax credits. "With only a slim majority it would appear that some senators might be starting to waver on some of the changes being proposed," said Michael Hewson, chief market analyst at CMC Markets. The Bank of England's quarterly bulletin is due at 1200 GMT while BoE chief economist Andy Haldane will make a speech at 1315 GMT. In corporate news, Standard Life Aberdeen ticked a touch higher after its first update since the merger was finalised, with outflows lessening year on year. Sky and BT were both in the black after reaching a deal to sell their channels on each other's platforms, while Segro was boosted by an upgrade to 'buy' from 'hold' at Liberum. Tritax Big Box edged up after the real estate investment trust agreed terms to extend the maturity on its existing loan facility with Landesbank Hessen-Thüringen Girozentrale. On the downside, Persimmon retreated after the housebuilder said chairman Nicholas Wrigley will retire following a dispute over an incentive scheme for executive pay. Aveva slipped as it said its £3bn agreed merger with Schneider Electric is expected to gain final regulatory approval by mid-February, though the industrial software group was disappointed by a UK tax ruling on the deal. 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) 7,446.70 -0.02% FTSE 250 (MCX) 19,989.28 -0.08% techMARK (TASX) 3,454.49 -0.38% FTSE 100 - Risers SEGRO (SGRO) 577.00p 1.58% Glencore (GLEN) 361.80p 1.25% SSE (SSE) 1,320.00p 0.84% WPP (WPP) 1,365.00p 0.81% BT Group (BT.A) 276.05p 0.80% Sky (SKY) 996.50p 0.66% Ferguson (FERG) 5,235.00p 0.58% Rolls-Royce Holdings (RR.) 827.50p 0.55% Worldpay Group (WPG) 431.20p 0.47% Bunzl (BNZL) 2,028.00p 0.45% FTSE 100 - Fallers Mediclinic International (MDC) 614.00p -1.21% Barclays (BARC) 200.60p -1.04% HSBC Holdings (HSBA) 749.30p -0.95% Standard Chartered (STAN) 752.60p -0.90% Next (NXT) 4,311.00p -0.78% Old Mutual (OML) 200.10p -0.74% Land Securities Group (LAND) 972.00p -0.66% Barratt Developments (BDEV) 626.00p -0.63% Royal Bank of Scotland Group (RBS) 276.20p -0.61% Kingfisher (KGF) 331.50p -0.60% FTSE 250 - Risers Caledonia Investments (CLDN) 2,775.00p 2.44% Kaz Minerals (KAZ) 770.50p 2.26% Ascential (ASCL) 369.40p 2.19% TBC Bank Group (TBCG) 1,680.00p 2.00% Genus (GNS) 2,424.00p 1.81% Sophos Group (SOPH) 542.00p 1.59% Rank Group (RNK) 248.90p 1.59% Vedanta Resources (VED) 698.50p 1.23% Perpetual Income & Growth Inv Trust (PLI) 377.70p 1.10% Saga (SAGA) 125.30p 1.05% FTSE 250 - Fallers Vectura Group (VEC) 108.18p -3.41% Mitie Group (MTO) 194.00p -2.76% Cobham (COB) 121.00p -2.73% Ocado Group (OCDO) 334.90p -2.53% Hochschild Mining (HOC) 223.40p -1.97% Dunelm Group (DNLM) 701.50p -1.96% Investec (INVP) 470.80p -1.49% Aggreko (AGK) 768.50p -1.47% Dixons Carphone (DC.) 187.30p -1.42% 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. Click here to tune in! US Market Report US close: Markets lower, Dow breaks winning streak Wall Street’s main indices gave up earlier gains to close lower on Thursday, as healthcare, materials and telecoms stocks dragged investor sentiment down late in the session. The Dow Jones Industrial Average finished down 0.31% at 24,508.66, the S&P 500 fell 0.41% to 2,652.01, and the Nasdaq Composite lost 0.3% to settle at 6,856.53. It was also the end of a five-day winning streak for the Dow, which had also closed at record levels for the previous four sessions. On the economic front, retail sales in the US rose 0.8% in November, as Americans splashed the cash and credit during the holiday shopping season. Jobless claims fell 11,000 in the last week, according to fresh data, with the US import prices reading also coming in, at a 0.7% increase for the month of November. Traders were initially buoyed as more details of the Republican tax plan filtered out, although concern on how quickly it could be passed - or if it would even make it to law at all - was still rife. Senator Marco Rubio said he would vote against the current proposals, according to media reports, adding he wanted to see further expansion of the federal child tax credit before reconsidering. "House and Senate budget conferees appear to have finalized some provisions of their legislation, but many elements, including how to pay for some of the latest changes, have not been settled," noted analysts at Oxford Economics. "Passing spending legislation for 2018 may prove to be more contentious than passing tax cuts. "Congress has to pass another stopgap budget measure by December 22, and the stage is being set for a confrontation between the House and Senate." In corporate news, 21st Century Fox was up 6.5% after Walt Disney confirmed it would buy the media conglomerate in a $52.4bn deal. Shares in Disney were ahead 2.8%. Teva Pharmaceuticals rocketed ahead 10% after it revealed fresh restructuring plans, including the axing of 14,000 jobs over the next two years. It was also cancelling 2017 bonuses and suspending dividends, effective immediately. Technology firms were also winners on Thursday, with Google parent Alphabet ahead 0.8% and Amazon.com up 0.9%, while Twitter strode ahead 4.3% by the end of the session. On the down side, Valeant Pharmaceuticals was off 11% after JP Morgan downgraded it to 'underweight' from 'neutral'. Sanderson Farms was 13% lower after the chicken producer issued weaker-than-expected numbers for the fourth quarter. Dow Jones - Risers Nike Inc. (NKE) $64.53 3.80% Walt Disney Co. (DIS) $110.57 2.75% Procter & Gamble Co. (PG) $91.03 1.28% Boeing Co. (BA) $293.93 0.70% 3M Co. (MMM) $238.09 0.64% McDonald's Corp. (MCD) $173.14 0.53% Wal-Mart Stores Inc. (WMT) $97.13 0.44% Coca-Cola Co. (KO) $46.03 0.28% Exxon Mobil Corp. (XOM) $82.95 0.23% United Technologies Corp. (UTX) $123.82 0.23% Dow Jones - Fallers JP Morgan Chase & Co. (JPM) $104.66 -2.05% Merck & Co. Inc. (MRK) $56.04 -1.86% Verizon Communications Inc. (VZ) $52.34 -1.60% Caterpillar Inc. (CAT) $146.24 -1.54% Travelers Company Inc. (TRV) $132.59 -1.32% Microsoft Corp. (MSFT) $84.69 -0.77% General Electric Co. (GE) $17.66 -0.68% Johnson & Johnson (JNJ) $141.72 -0.67% Cisco Systems Inc. (CSCO) $37.90 -0.66% American Express Co. (AXP) $97.17 -0.64% S&P 500 - Risers Twenty-First Century Fox Inc Class A (FOXA) $34.88 6.50% Twenty-First Century Fox Inc Class B (FOX) $34.22 5.81% Mattel Inc. (MAT) $16.24 4.17% Tiffany & Co. (TIF) $99.35 4.02% Nike Inc. (NKE) $64.53 3.80% Newmont Mining Corp. (NEM) $35.89 3.76% Tapestry Inc. (TPR) $42.83 3.16% Delta Airlines Inc. (DAL) $55.25 3.02% Walt Disney Co. (DIS) $110.57 2.75% Realty Income Corp. (O) $56.98 2.22% S&P 500 - Fallers Frontier Communications Co. (FTR) $8.69 -14.80% Spectra Energy Corp. (SE) $11.77 -10.77% Transocean Ltd. (RIG) $9.51 -6.35% Tenet Healthcare Corp. (THC) $14.06 -5.70% Newfield Exploration Co (NFX) $28.65 -5.32% XL Group Ltd (XL) $35.12 -5.18% Bed Bath & Beyond Inc. (BBBY) $22.46 -4.67% Southwestern Energy Co. (SWN) $5.29 -4.51% Quanta Services Inc. (PWR) $37.42 -4.29% Mallinckrodt Plc Ordinary Shares (MNK) $23.12 -3.95% Nasdaq 100 - Risers Twenty-First Century Fox Inc Class A (FOXA) $34.88 6.50% Twenty-First Century Fox Inc Class B (FOX) $34.22 5.81% Liberty Global plc Series C (LBTYK) $31.43 2.14% Liberty Global plc Series A (LBTYA) $32.33 1.99% Texas Instruments Inc (TXN) $100.25 1.41% Comcast Corp. (CMCSA) $39.12 1.40% Discovery Communications Inc. Class A (DISCA) $20.04 1.26% Mylan Inc. (MYL) $40.01 1.21% Expedia Inc. (EXPE) $119.90 1.14% Applied Materials Inc. (AMAT) $51.31 1.08% Nasdaq 100 - Fallers Gilead Sciences Inc. (GILD) $74.34 -2.93% Intuitive Surgical Inc. (ISRG) $360.56 -2.83% Incyte Corp. (INCY) $95.97 -2.17% Biogen Inc (BIIB) $323.55 -2.17% T-Mobile Us, Inc. (TMUS) $62.56 -1.99% Ross Stores Inc. (ROST) $75.51 -1.90% Walgreens Boots Alliance, Inc. (WBA) $70.36 -1.90% Idexx Laboratories Inc. (IDXX) $155.25 -1.86% Skyworks Solutions Inc. (SWKS) $94.09 -1.85% Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 XBT Provider AB 3.98 2 XBT Provider AB 2.61 3 SAGA Saga plc 2.47 4 LION Lionsgold Limited 1.79 5 GSK GlaxoSmithKline plc 1.73 6 SMT Scottish Mortgage Investment Trust 1.61 7 VRS Versarien plc 1.57 8 LLOY Lloyds Banking Group plc 1.48 9 PYC Physiomics plc 1.37 10 IQE IQE plc 1.37 Number of Deals Sold Place EPIC Equity name % 1 XBT Provider AB 3.03 2 LLOY Lloyds Banking Group plc 2.23 3 XBT Provider AB 1.76 4 LION Lionsgold Limited 1.45 5 PYC Physiomics plc 1.34 6 TSCO Tesco plc 1.23 7 SMT Scottish Mortgage Investment Trust 1.22 8 BOO Boohoo.com 1.19 9 GGP Greatland Gold Plc 1.05 10 VRS Versarien plc 1.04 Cryptocurrencies Report Top Cryptocurrencies # Name Market Cap($) Price(%) Change Price Graph(3m) 1 Bitcoin (BTC) 294,156,997,205 17,430.04 +5.92% 2 Ethereum (ETH) 63,831,539,354 650.93 -5.45% 3 Ripple (XRP) 30,457,684,157 0.752803 -12.45% 4 Bitcoin Cash / BCC (BCH) 29,028,047,786 1,687.56 -12.98% 5 Litecoin (LTC) 14,700,888,918 263.24 -4.25%   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. Newspaper Round Up Friday newspaper round-up: HS2, Airbus, Millennium & Copthorne The US’s top media regulator voted to end rules protecting an open internet on Thursday, a move critics warn will hand control of the future of the web to cable and telecoms companies. At a packed meeting of the Federal Communications Commission (FCC) in Washington, the watchdog’s commissioners voted three to two to dismantle the “net neutrality” rules that prevent internet service providers (ISPs) from charging websites more for delivering certain services or blocking others should they, for example, compete with services the cable company also offers. - Guardian Advertising MPs have called on the government to consider legal action against the former chief executive of the public body building the new high-speed rail network, over £1.76m in redundancy payments made in direct contravention of civil service rules. HS2 Ltd, which is overseeing the £55bn project, paid a total of £2.76m to 94 individuals, while the statutory redundancy terms should have kept the bill at £1m. - Guardian Airbus confirmed a top management shake-up on Friday, following weeks of turmoil at the European planemaker. Chief operating officer and plane-making chief Fabrice Bregier will step down in February 2018, while chief executive Tom Enders will not seek a new mandate when his term expires in 2019, the company said. ?" Telegraph More technology workers in the UK are coming from India, Australia and the US than from major EU countries, according to a study. Research from Tech City, the Government-backed organisation for the technology industry, found that the biggest sources of technology workers were from outside the single market, rather than from France and Spain. ?" Telegraph The attempt by a Singaporean tycoon to take Millennium & Copthorne Hotels private was cast into doubt yesterday after three of its biggest minority investors rejected a sweetened offer valuing the company at £2 billion. Kwek Leng Beng, its chairman and 65.2 per cent shareholder, had on Friday raised his offer from 552½p to 620p after investors including Aberdeen Standard, Fidelity International, International Value Advisers and MSD Partners had dismissed the earlier figure as "a low-ball offer". ?" 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. 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