| | | | | 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 up as pound retreats, supermarkets rally on upgrades London equity markets edged higher in early trade on Tuesday, helped along by a weaker pound as hopes waned over Brexit talks, while supermarket stocks put in a solid performance and investors eyed the latest reading on the services sector. At 0825 GMT, the FTSE 100 was up 0.3% to 7,362.80, while the pound was down 0.5% against the dollar at 1.3416 and 0.4% lower versus the euro at 1.1312. Spreadex analyst Connor Campbell said: "The pound is looking a bit queasy after its latest ride on the Brexit rollercoaster, with sterling pulling back as the DUP forced Theresa May to dump her latest attempts at a deal with the EU. "The Tories are really taking a sticky tape and cardboard approach to government, patching over problems - i.e. bringing the DUP in to prop-up their parliamentary majority - with seemingly little-to-no foresight into what issues such solutions might cause in the future. So it should come as no surprise that, like so many other things in the past few months, the DUP deal has come to bite May in the behind, with the right-wing party scuppering an agreement on the Irish border - where Northern Ireland would be allowed to stay in the customs union and single market - that could have potentially unlocked trade talks between the UK and EU." Market participants were also digesting the latest services figures from China, where the Caixin purchasing managers' index rose to 51.9 in November from 51.2 the month before, comfortably surpassing expectations for a reading of 51.5. Markit's services PMI for the UK is due at 0930 GMT, while eurozone services PMI is at 0900 GMT. Supermarkets were the standout gainers, with Tesco and Morrisons boosted by upgrades from Goldman Sachs, and Sainsbury tagging along for the ride after the bank upped its price target on the stock but kept the rating at 'sell'. Goldman said margin pressure in the UK grocery market is easing, adding that while competitive intensity is still high, multiple data points suggest 2018 will see greater industry margin expansion than 2017. Housebuilders were also on the rise, with Persimmon and Taylor Wimpey lifted by upgrades to 'buy' at Canaccord Genuity, while Standard Chartered was higher on the back of an upgrade to 'overweight' at JPMorgan. Plumbing and heating products distributor Ferguson, formerly Wolseley, was in the black after saying said it was on track to meet annual profit expectations after strong growth in the US offset tough trading in the UK during the first quarter. Telecommunications giant Vodafone ticked higher after saying it has entered into a strategic alliance with SoftBank Corp, focussing on mobile services for enterprise customers. IG Group as it said it saw growth slow in the second quarter after a barnstorming first, though revenues were still higher and costs lower than the same period last year. Budget carrier Wizz Air flew higher as it reported 22% growth in passenger numbers for November, with load factor rising to 88.3% from 86.8%. Victrex racked up healthy gains after its full-year numbers, with the dividend ahead of expectations, while Wood Group nudged up as it won a multi-million dollar contract to support GlaxoSmithKline in Germany. On the downside, Provident Financial was under the cosh after it said its Moneybarn motor finance arm is being investigated by the financial watchdog, the second of the embattled sub-prime lender's businesses to be probed. Cineworld shares fell after it reached an agreement to buy US rival Regal Entertainment Group for $3.6bn (£2.7bn), creating the world's second largest cinema operator. |
| | 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) 7,362.80 0.32%
FTSE 250 (MCX) 19,948.28 0.06%
techMARK (TASX) 3,420.65 -0.14% FTSE 100 - Risers Tesco (TSCO) 201.80p 3.41%
Morrison (Wm) Supermarkets (MRW) 220.80p 3.18%
Sainsbury (J) (SBRY) 238.20p 2.28%
Persimmon (PSN) 2,623.00p 2.22%
Taylor Wimpey (TW.) 200.10p 1.94%
Standard Chartered (STAN) 740.00p 1.76%
Barratt Developments (BDEV) 616.81p 1.70%
Ferguson (FERG) 5,565.00p 1.55%
Old Mutual (OML) 198.30p 1.28%
Berkeley Group Holdings (The) (BKG) 3,902.26p 1.23% FTSE 100 - Fallers Antofagasta (ANTO) 881.50p -2.00%
Worldpay Group (WPG) 414.54p -1.70%
Glencore (GLEN) 336.15p -1.64%
Rio Tinto (RIO) 3,501.00p -1.10%
Shire Plc (SHP) 3,613.01p -0.92%
Anglo American (AAL) 1,373.50p -0.83%
Micro Focus International (MCRO) 2,438.00p -0.69%
AstraZeneca (AZN) 4,726.00p -0.40%
Pearson (PSON) 712.00p -0.35%
Land Securities Group (LAND) 931.00p -0.27% FTSE 250 - Risers Victrex plc (VCT) 2,505.00p 3.51%
IG Group Holdings (IGG) 669.82p 2.65%
Galliford Try (GFRD) 1,217.00p 2.44%
TBC Bank Group (TBCG) 1,638.00p 2.38%
Tullow Oil (TLW) 187.60p 2.35%
Clarkson (CKN) 2,880.00p 2.35%
Euromoney Institutional Investor (ERM) 1,150.00p 1.95%
Rank Group (RNK) 245.80p 1.95%
Ted Baker (TED) 2,652.00p 1.80%
Booker Group (BOK) 223.10p 1.78% FTSE 250 - Fallers IP Group (IPO) 148.10p -2.76%
Sports Direct International (SPD) 371.60p -1.85%
Vedanta Resources (VED) 665.00p -1.85%
Cairn Energy (CNE) 210.80p -1.82%
Ferrexpo (FXPO) 248.30p -1.35%
Cineworld Group (CINE) 539.50p -1.19%
Stagecoach Group (SGC) 180.56p -1.06%
Rotork (ROR) 261.00p -1.02%
Ocado Group (OCDO) 344.90p -1.00% |
| | 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 | | Tuesday December 05 INTERIMS
Collagen Solutions, Consort Medical, Gateley (Holdings) , IG Group Holdings, Iomart Group, Northgate, Tatton Asset Management , Vianet Group, WYG QUARTERLY EX-DIVIDEND DATE
Schlumberger Ltd. INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Balance of Trade (US) (13:30)
Gross Domestic Product (EU) (10:00)
ISM Non-Manufacturing (US) (15:00)
PMI Composite (EU) (09:00)
PMI Composite (GER) (08:55)
PMI Composite (US) (14:45)
PMI Services (EU) (09:00)
PMI Services (GER) (08:55)
PMI Services (US) (14:45)
Retail Sales (10:00) FINALS
JPMorgan Chinese Inv Trust, Victrex plc IMSS
Ferguson SPECIAL DIVIDEND PAYMENT DATE
Oxford Technology 2 VCT AGMS
London Finance & Investment Group TRADING ANNOUNCEMENTS
Allied Irish Banks , IG Group Holdings UK ECONOMIC ANNOUNCEMENTS
Halifax House Price Index (08:30)
PMI Services (09:30) FINAL DIVIDEND PAYMENT DATE
Produce Investments Q1
Ferguson
|
| | 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) | 196,711,541,040 | 11,632.56 | +0.33%
|  | | 2 |  | Ethereum (ETH) | 44,758,331,299 | 462.48 | -1.67% |  | | 3 |  | Bitcoin Cash / BCC (BCH) | 26,637,376,815 | 1,539.97 | -0.54%
|  | | 4 |  | Ripple (XRP) | 9,681,198,311 | 0.25296 | -1.27% |  | | 5 |  | IOTA (IOT) | 8,840,796,381 | 3.2 | +22.09% |  | See our full list of cryptocurrencies |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | US Market Report | | US close: Markets mixed as investors digest tax cut news Wall Street finished mixed at the end of the first session of the week, as investors welcomed news that Senate Republicans passed their proposed tax reform bill, although political concerns were still on some traders' minds. The Dow Jones Industrial Average finished ahead 0.24% at 24,290.05, while the S&P 500 lost 0.11% to 2,639.44 and the Nasdaq 100 was off 1.17% at 6,263.70. At the weekend, the US Senate voted 51 to 49 to pass a bill that will implement a slew of changes to the US tax code which will include a big cut in corporation tax. Analysts at Rabobank and Berenberg believed the lion's share of the boost to US GDP growth would arrive in 2018 and 2019, with the latter now predicting four interest rate hikes from the Federal Reserve in 2018 on the back of the proposed legislative changes. According to Berenberg's chief US economist, Mickey D.Levy, the proposed tax cuts would stoke an acceleration in the rate of business fixed investment to an annualised pace of roughly 6.6% over 2018-2019, from the average 3% clip it had sustained over the past five years. On the political front, late on 1 December ABC News was forced to publish a correction to an earlier report in which it claimed that ex-US national security adviser Michael Flynn might testify that he had been instructed to contact Russian officials during the US election campaign in 2016. Instead, he was reportedly asked to do so after the elections, during the so-called 'transition' period between administrations. "The fact that only half of the rally was reversed on Friday is likely a reflection of the fact that, despite ABC having corrected its earlier inflammatory report, Flynn's admission of guilt raises the prospect of the investigation moving toward President Trump's inner circle," Rabobank said. In corporate news, shares in General Cable surged 35.4% after it agreed to be bought by Italian cable maker Prysmian Group in a deal that valued the company at around $3bn including debt and other liabilities. Elsewhere, drugstore chain CVS Health inked a deal to buy health insurer Aetna in a transaction worth around $69bn. Shares in CVS closed down 4.54%, while Aetna stock finished the day off 1.4%. Hartford Financial Services Group was in focus, losing 1.6% after agreeing to sell its run-of-life and annuity businesses Talcott Resolution to a group of investors in a deal valued at $2.05bn. Dow Jones - Risers Walt Disney Co. (DIS) $110.22 4.72%
Home Depot Inc. (HD) $184.90 2.48%
Boeing Co. (BA) $277.98 2.43%
JP Morgan Chase & Co. (JPM) $106.94 2.06%
Merck & Co. Inc. (MRK) $56.22 1.72%
Verizon Communications Inc. (VZ) $51.72 1.63%
Dowdupont Inc. (DWDP) $72.13 1.58%
Procter & Gamble Co. (PG) $91.41 1.16%
Chevron Corp. (CVX) $120.86 1.11%
International Business Machines Corp. (IBM) $156.46 1.10% Dow Jones - Fallers Visa Inc. (V) $107.43 -4.58%
Microsoft Corp. (MSFT) $81.08 -3.77%
Unitedhealth Group Inc. (UNH) $221.50 -2.96%
3M Co. (MMM) $239.31 -1.60%
McDonald's Corp. (MCD) $170.64 -1.28%
United Technologies Corp. (UTX) $120.04 -1.16%
Pfizer Inc. (PFE) $36.06 -0.80%
Apple Inc. (AAPL) $169.80 -0.73%
Johnson & Johnson (JNJ) $138.93 -0.69%
Nike Inc. (NKE) $60.10 -0.53% S&P 500 - Risers Bed Bath & Beyond Inc. (BBBY) $24.40 8.83%
Frontier Communications Co. (FTR) $9.20 7.60%
Discovery Communications Inc. Class A (DISCA) $20.85 7.14%
O'Reilly Automotive Inc. (ORLY) $250.39 6.82%
Macy's Inc. (M) $25.81 6.66%
Gap Inc. (GPS) $34.09 6.60%
Discovery Communications Inc. Class C (DISCK) $19.52 6.09%
Express Scripts Holding Co (ESRX) $68.16 5.82%
Charles Schwab Corp. (SCHW) $51.55 5.66%
Patterson Companies Inc. (PDCO) $37.30 5.34% S&P 500 - Fallers Tenet Healthcare Corp. (THC) $13.10 -7.02%
Intuitive Surgical Inc. (ISRG) $369.95 -6.73%
Adobe Systems Inc. (ADBE) $168.44 -6.17%
Paypal Holdings Inc (PYPL) $70.97 -5.75%
Equinix, Inc. (EQIX) $442.28 -5.73%
Nvidia Corp. (NVDA) $186.66 -5.57%
Thermo Fisher Scientific Inc. (TMO) $181.88 -5.57%
Activision Blizzard Inc. (ATVI) $58.60 -5.42%
Illumina Inc. (ILMN) $213.45 -5.23%
Red Hat Inc. (RHT) $120.33 -5.09% Nasdaq 100 - Risers Discovery Communications Inc. Class A (DISCA) $20.85 7.14%
O'Reilly Automotive Inc. (ORLY) $250.39 6.82%
Discovery Communications Inc. Class C (DISCK) $19.52 6.09%
Express Scripts Holding Co (ESRX) $68.16 5.82%
Fastenal Co. (FAST) $54.88 5.17%
Comcast Corp. (CMCSA) $40.32 4.92%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $221.64 4.26%
Dollar Tree Inc (DLTR) $106.37 3.26%
Ross Stores Inc. (ROST) $78.01 3.01%
Twenty-First Century Fox Inc Class A (FOXA) $33.09 2.80% Nasdaq 100 - Fallers Align Technology Inc. (ALGN) $225.80 -11.13%
Intuitive Surgical Inc. (ISRG) $369.95 -6.73%
Adobe Systems Inc. (ADBE) $168.44 -6.17%
Paypal Holdings Inc (PYPL) $70.97 -5.75%
Nvidia Corp. (NVDA) $186.66 -5.57%
Activision Blizzard Inc. (ATVI) $58.60 -5.42%
Illumina Inc. (ILMN) $213.45 -5.23%
Micron Technology Inc. (MU) $39.90 -4.98%
Electronic Arts Inc. (EA) $100.83 -4.90% |
| | 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 | | Tuesday newspaper round-up: Housebuilders, LSE, RBS More than one in six people working on housebuilding sites across Britain come from other EU countries, rising to half of site workers in London, according to a new report. A survey of 37,000 housebuilding workers across Britain shows 17.7% are from the EU. More than half of those come from Romania, with 12% from Poland and almost 10% from Ireland. – Guardian Companies would not be forced to appoint workers to their boards and instead be allowed to choose how they intend to heed the views of employees, according to proposals to overhaul boardroom rules. The proposals, to be published on Tuesday, appear to confirm that Theresa May's pledge to put workers on boards ?" made during her campaign last year to become Conservative party leader ?" has been abandoned. ?" Guardian Hedge fund billionaire Sir Christopher Hohn is showing no signs of dialing back on his campaign to oust the London Stock Exchange's chairman, ignoring the board's plea for him to back down by issuing a scathing dossier. The Children's Investment Fund (TCI), which is run by Sir Christopher and owns 5pc of the exchange, has drawn up a 14-page document outlining why chairman Donald Brydon should go, ahead of a crucial shareholder vote on the matter. ?" Telegraph The pound's Brexit-induced weakness has helped London attract more visitors than any other European destination this year, despite a spate of terror attacks in the capital. The number of European visitors to London rose by 24pc this year, according to data from online travel agent eDreams, helping the city become the most visited destination in Europe. ?" Telegrapgh The Financial Conduct Authority decided not to publish a highly critical investigation into Royal Bank of Scotland's systematic mishandling of thousands of small and medium-sized companies because it feared being sued for "unfair treatment" by the bank. Despite acknowledging the public interest in issuing its full investigation into the bank's Global Restructuring Group, the FCA concluded that to do so would expose it to an "unacceptable risk of successful legal action by current/former RBS managers", internal board minutes seen by The Times show. ?" The Times It was staged amid a blizzard of price cuts and blanket advertising, but all those stores that had pinned their hopes on a Black Friday shopping bonanza have been left asking themselves: "Was it worth the effort?" The British Retail Consortium said yesterday that mass discounts meant to entice customers into parting with their increasingly limited cash had led to "meagre" sales growth last month. ?" The Times | | | | 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