| | | | | | | Stocks for your stocking this Christmas As it’s the season for sharing Ian Forrest, investment research analyst at The Share Centre, comments on five companies that ‘yule’ likely see prosper as a result of the festive season. 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 in quiet trade; IWG surges as it confirms bid approach London stocks edged higher early on Wednesday, with trade expected to be quiet during the lull between Christmas and New Year, although there was some M&A news to keep things interesting. At 0830 GMT, the FTSE 100 was 0.3% higher at 7,611.46, while the pound was up 0.1% against the dollar at 1.3391 and flat versus the euro at 1.1275. Supermarket retailers and heavily-weighted miners were the standout gainers, with Sainsburys, Tesco, Fresnillo, Antofagasta and BHP Billiton sitting at the top of the risers. FTSE 250 flexible office workspace provider IWG surged 23% as it noted recent press speculation and confirmed it has received an indicative proposal from funds managed by affiliates of Canada's Brookfield Asset Management and Onex Corporation regarding a possible cash offer for the company. Oil giant Royal Dutch Shell gushed higher after saying it expects the potential economic impact of the recently-enacted US tax reform legislation to be favourable to it and its US operations, mainly due to the future reduction in the US corporate income tax rate to 21% from 35%. Business-to-business information company Ascential was little changed after announcing the acquisition of e-commerce analytics group Clavis for up to $219m. Great Portland Estates nudged up as it exchanged contracts to sell 30 Broadwick Street to a client of Savills IM for a headline price of £190m, equating to £186m after deductions for tenant incentives. This is slightly ahead of the September 2017 book value, reflecting a headline net initial yield of 4% and a capital value of £2,015 per sq ft. 3i Infrastructure ticked up a touch as it agreed to spend £186m to take ownership of Wireless Infrastructure Group alongside its management. With little going on in equity or forex markets, Bitcoin provided some action. FXTM chief market strategist Hussein Sayed said: "After crashing by more than $8,000 from an all-time high, Bitcoin is up 3.5% at the time of writing. Although the recent plunge frightened many bitcoin fans, when looking at the relatively short history of bitcoin trading, the price action seems just normal. During 2017 the cryptocurrency crashed by 30% or more six times. Every fall was followed by huge price appreciation until it peaked on 17 December. "Whether the Bitcoin bull market is close to an end or just pausing for a short break, remains to be a wild question for 2018. I still believe that Bitcoin is in a bubble formation. However, there's no effective test to measure at which stage we are currently standing. For example, equity prices may be said in a bubble territory if investors are willing to pay much more for a stock than the intrinsic value which is justified by the discounted divided stream. Similarly, econometric tests may be run on bonds, commodities, currencies or any other asset to come up with a justified value. For Bitcoin, there isn't any fundamental basis to justify the price." |
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| | Market Movers FTSE 100 (UKX) 7,611.46 0.25%
FTSE 250 (MCX) 20,544.20 0.00%
techMARK (TASX) 3,529.01 0.00% FTSE 100 - Risers Sainsbury (J) (SBRY) 241.50p 1.47%
Tesco (TSCO) 209.65p 1.40%
Fresnillo (FRES) 1,367.00p 1.26%
Antofagasta (ANTO) 975.50p 1.19%
BHP Billiton (BLT) 1,480.50p 1.16%
Rio Tinto (RIO) 3,789.00p 1.13%
Randgold Resources Ltd. (RRS) 7,215.00p 1.12%
Glencore (GLEN) 379.95p 1.08%
Anglo American (AAL) 1,517.00p 1.07%
Smurfit Kappa Group (SKG) 2,480.00p 1.02% FTSE 100 - Fallers Sky (SKY) 999.50p -1.53%
TUI AG Reg Shs (DI) (TUI) 1,511.00p -1.37%
Micro Focus International (MCRO) 2,466.00p -1.32%
Coca-Cola HBC AG (CDI) (CCH) 2,348.00p -1.30%
Rolls-Royce Holdings (RR.) 850.25p -1.08%
Carnival (CCL) 4,855.00p -0.98%
Diageo (DGE) 2,665.00p -0.91%
easyJet (EZJ) 1,432.00p -0.90%
Imperial Brands (IMB) 3,103.00p -0.83%
Ferguson (FERG) 5,380.00p -0.83% FTSE 250 - Risers IWG (IWG) 246.98p 23.37%
Acacia Mining (ACA) 199.02p 4.80%
Daejan Holdings (DJAN) 6,053.80p 2.96%
Tullow Oil (TLW) 205.20p 2.50%
RHI Magnesita N.V. (DI) (RHIM) 3,995.00p 1.89%
Hochschild Mining (HOC) 257.70p 1.74%
Centamin (DI) (CEY) 154.84p 1.73%
Cairn Energy (CNE) 221.30p 1.70%
Petrofac Ltd. (PFC) 498.10p 1.61%
Millennium & Copthorne Hotels (MLC) 590.00p 1.55% FTSE 250 - Fallers SIG (SHI) 170.98p -2.63%
Ocado Group (OCDO) 355.20p -1.80%
Sirius Minerals (SXX) 23.21p -1.42%
Pets at Home Group (PETS) 173.80p -1.42%
Marshalls (MSLH) 433.83p -1.40%
Hastings Group Holdings (HSTG) 315.84p -1.30%
Halfords Group (HFD) 346.76p -1.12%
RIT Capital Partners (RCP) 1,954.00p -1.11%
Meggitt (MGGT) 484.70p -1.08% |
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| | Cryptocurrencies Report | | Top Cryptocurrencies | # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | | 1 |  | Bitcoin (BTC) | 277,602,321,100 | 15,965.97 | +1.53% |  | | 2 |  | Ethereum (ETH) | 75,920,584,151 | 759.73 | +1.04% |  | | 3 |  | Bitcoin Cash / BCC (BCH) | 50,999,322,563 | 2,857.52 | -2.66% |  | | 4 |  | Ripple (XRP) | 48,620,725,915 | 1.13 | +4.48% |  | | 5 |  | Litecoin (LTC) | 15,720,632,623 | 278.04 | -0.11% |  | See our full list of cryptocurrencies |
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Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks edge higher in quiet trading Stocks have started the session moving slightly higher in what is expected to be very quiet trading on account of the Christmas holidays. As of 0817 GMT, the benchmark Stoxx 600 was 0.15% or 0.58 points higher to 390.91, alongside gains of 0.40% to 13,124.56 for the German Dax and an advance of 0.35% to 5,382.47 on the French Cac-40. "A thin volume trading is a general theme across the markets. European stock markets are trading marginally higher. Most traders are away on their holiday and we do not expect much action in the markets, however, the general portfolio rebalancing trade would be the most common feature between now and the end of this year. "Markets are looking at the energy market and crude oil crossing the $60 mark has engaged some traders. We have not seen the oil prices crossing this mark in the past two years. A pipe blast in Libya is the major reason behind the move," said Naeem Aslam, chief market analyst at Think Markets UK. The economic calendar was light on Wednesday, with Spain's national office of statistics having reported a 2.9% year-on-year increase in retail sales for November (consensus: 0.8%). Later in the day, investors would be watching for readings on consumer confidence and pending home sales in the States at 1500 GMT. INSEE was also scheduled to publish its jobseekers figures for November at 1600 GMT. Some of the Continent's largest carmakers were in focus, after BMW and Dailer detailed the impact which tax cuts in the US were expected to have on their bottome line for 2017. The former estimated that net profits would be increased by between €950m and €1.55bn, while at Daimler the boost was seen reaching €1.7bn. |
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| | US Market Report | | US close: Apple drags despite buoyant readings on consumer spend Stocks slipped a little at the start of the holiday-shortened week as reports of poor demand for Apple's new iPhone X offset buoyant readings on consumer spend during the festive season. According to Mastercard SpendingPulse, retail sales in the States jumped by 4.9% from 1 November through to Christmas Eve, versus a rise of 3.7% in the same period one year ago, for their best showing since 2011. Be that as it may, by the closing bell the Dow Jones Industrials was down by 0.03% at 24,746.21, alongside a dip of 0.11% to 2,680.50 on the S&P 500 and a decline of 0.34% to 6,936.25 for the Nasdaq Composite. From a sector standpoint, the weakest areas of the market were: Computer hardware (-2.24%), Technology hardware (-1.40%), and Toys (-1.20%). In the corporate space, stock of Apple was in the spotlight on the heels of reports of tepid demand for the company's iPhoneX during the first quarter of its financial year. On a related note, Taiwan's Economic Daily reported that the manufacturer will slash its sales forecasts for the quarter from 50m units to just 30m units. Elsewhere, front month West Texas Intermediate crude oil futures jumped $1.57 to finish at $59.97 - near a two-and-a-half year high - following a report of an explosion in a pipeline feeding the Libyan oil terminal of As Sidra. Meanwhile, Hubbell Inc. announced its intention to buy Aclara Technologies, an infrastructure solutions provider, for $1.1bn in cash. Elsewhere, Mallinkrodt said it would purchase Sucampo Pharmaceuticals for $1.2bn, including debt. On the economic front, home price gains in the US accelerated to a 6.4% pace year-on-year, versus a 6.2% clip in the month before (Barclays: 6.1%), according to S&P CoreLogic Case-Shiller's 20-City home price index. Dow Jones - Risers Home Depot Inc. (HD) $190.36 1.21%
Wal-Mart Stores Inc. (WMT) $99.16 1.12%
Chevron Corp. (CVX) $125.99 0.93%
Procter & Gamble Co. (PG) $92.48 0.88%
International Business Machines Corp. (IBM) $152.83 0.88%
Visa Inc. (V) $112.99 0.52%
Coca-Cola Co. (KO) $45.79 0.46%
Caterpillar Inc. (CAT) $156.44 0.44%
Verizon Communications Inc. (VZ) $53.22 0.40%
3M Co. (MMM) $235.42 0.29% Dow Jones - Fallers Apple Inc. (AAPL) $170.57 -2.54%
Nike Inc. (NKE) $63.65 -1.73%
Intel Corp. (INTC) $46.08 -1.33%
Walt Disney Co. (DIS) $108.12 -1.32%
Goldman Sachs Group Inc. (GS) $257.72 -1.26%
Unitedhealth Group Inc. (UNH) $219.52 -0.94%
JP Morgan Chase & Co. (JPM) $107.01 -0.75%
Johnson & Johnson (JNJ) $140.08 -0.69%
Merck & Co. Inc. (MRK) $56.34 -0.46%
McDonald's Corp. (MCD) $171.28 -0.33% S&P 500 - Risers Kohls Corp. (KSS) $56.86 6.36%
Macy's Inc. (M) $26.85 5.01%
Hess Corp. (HES) $48.46 4.57%
SCANA Corp. (SCG) $39.07 4.55%
Murphy Oil Corp. (MUR) $31.98 4.54%
Transocean Ltd. (RIG) $10.63 4.22%
Devon Energy Corp. (DVN) $42.58 4.06%
Chesapeake Energy Corp. (CHK) $4.00 3.90%
L Brands Inc (LB) $62.94 3.90%
Newfield Exploration Co (NFX) $32.19 3.81% S&P 500 - Fallers Micron Technology Inc. (MU) $42.25 -4.24%
Southern Co. (SO) $48.05 -2.91%
Qorvo, Inc. (QRVO) $65.90 -2.64%
Apple Inc. (AAPL) $170.57 -2.54%
H&R Block Inc. (HRB) $26.06 -2.42%
Altaba Inc. (AABA) $69.86 -2.40%
Red Hat Inc. (RHT) $120.61 -2.05%
Applied Materials Inc. (AMAT) $51.05 -1.94%
Skyworks Solutions Inc. (SWKS) $95.20 -1.93%
Western Union Co. (WU) $18.88 -1.92% Nasdaq 100 - Risers Regeneron Pharmaceuticals Inc. (REGN) $387.43 1.69%
Liberty Global Plc Lilac Class A (LILA) $21.39 1.62%
Liberty Global Plc Lilac Class C (LILAK) $21.23 1.58%
Mercadolibre Inc. (MELI) $318.49 1.16%
Nvidia Corp. (NVDA) $197.44 1.11%
Sirius XM Holdings Inc (SIRI) $5.42 0.93%
O'Reilly Automotive Inc. (ORLY) $244.65 0.89%
Paychex Inc. (PAYX) $68.85 0.85%
Fiserv Inc. (FISV) $131.40 0.83%
Walgreens Boots Alliance, Inc. (WBA) $73.30 0.81% Nasdaq 100 - Fallers Micron Technology Inc. (MU) $42.25 -4.24%
Liberty Interactive Corporation - Series A Liberty Ventures (LVNTA) $55.96 -3.55%
Apple Inc. (AAPL) $170.57 -2.54%
Tesla Inc (TSLA) $317.29 -2.43%
Applied Materials Inc. (AMAT) $51.05 -1.94%
Skyworks Solutions Inc. (SWKS) $95.20 -1.93%
Ctrip.Com International Ltd. Ads (CTRP) $44.30 -1.88%
Twenty-First Century Fox Inc Class A (FOXA) $34.60 -1.82%
Liberty Interactive Corporation QVC Group (QVCA) $25.74 -1.68% |
| | 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. |
| | Newspaper Round Up | | Wednesday newspaper round-up: house prices, Boxing Day sales, Odey House price growth looks set to judder to a halt in 2018 or at best manage a small below-inflation rise, as the twin spectres of Brexit and rising interest rates put the brakes on the property market. Following what some have called a lacklustre year, homeowners and those looking to sell in the coming months have been told to expect an underwhelming and subdued 2018, with a number of leading commentators predicting UK house prices will either stay flat next year or perhaps rise by 1% or so. – Guardian Millions of Britons have enjoyed a last hurrah in the Boxing Day sales with determined shoppers camping out in the early hours to secure the best bargains although crowds were smaller than in previous years. Shoppers started queuing outside branches of high street chain Next at 12.30am while on Oxford Street, in London a crowd started forming outside Selfridges at 2.30am. However, retail experts said that overall shopper numbers were significantly down on 2016. ?" Guardian The parent company behind Scottish Power is preparing to join the race to merge smart-home technology and energy supply, which has accelerated to keep pace with electric vehicles. Spanish energy giant Iberdrola is testing systems that will allow customers to pay for electric vehicle charging at charge points across the country using the same utility account which pays for energy supplied to their homes. ?" Telegraph British craftsmanship outperforms German engineering when it comes to solving problems thrown up by building unique cars, according to Rolls-Royce's German chief executive. Tortsen Müller-Ötvös, who has headed the luxury car business since 2010, made the admission in a rare interview with the Telegraph as the company prepared to reveal its annual sales figures for 2017. "Rolls-Royce is the perfect mix of German engineering, German process and understanding in conjunction with British craftsmanship that brings the products up to perfection," he said. ?" Telegraph A thousand high-value manufacturing jobs are set to be lost in the Midlands because of the government's continuing failure to decide whether to support tidal lagoon marine power. Two of GE's British plants, at Rugby and at Stafford, had been designated to construct the underwater turbines and to provide the complex electrical power systems needed for the pioneering Swansea Bay tidal lagoon and similar marine energy projects around the coast of Britain. ?" The Times Profits and performance fees have plunged again at Odey Asset Management after poorly timed trades and investments pitched the firm into one of the worst years in its history. Profits more than halved from £44.23 million to £18.6 million in the year to April 5, according to the firm's accounts. This is sharply down from the £84 million of profits that the hedge fund, which was founded by the billionaire Crispin Odey, generated in 2015. ?" The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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