| | | | | | | Share Tips for 2018 The Share Centre’s investment research analyst Ian Forrest, comments on five equities, an investment trust as well as an ETF that our expert research team think could flourish in 2018. Read more. Capital at risk. | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London close: Stocks dip as pound hits fresh post-Brexit vote high London stocks edged lower on Monday as the collapse of contractor Carillion and the potential repercussions among other listed firms in the sector weighed on investors' minds, even as the pound advanced to a fresh post-Brexit vote high. The FTSE 100 dipped by 0.12% or 9.50 to finish at 7,769.14, while the pound was up 0.56% against the dollar at 1.3810 albeit little changed in its cross against the single currency, trading up by 0.02% to 1.1253. David Cheetham, chief market analyst XTB, said sterling's gains versus the greenback are more down to weakness in the dollar than strength in the pound. "The greenback is coming under fire from all angles whilst the US celebrates a bank holiday in memory of Martin Luther King, with a trade-weighted US dollar index hitting its lowest level since 2014. "There's little by the way of fresh catalysts for the latest bout of weakness, with the drop seemingly more a continuation of the downtrend that has driven the buck for the best part of a year. A Trump bump remains clearly evident in the stock market with records tumbling with almost alarming regularity on the NYSE and Nasdaq, but the surge higher in the US dollar that occurred in the weeks following his election has well and truly reversed, with the USD index set for a ninth monthly decline since his inauguration." In corporate news, trading in the shares of Carillion was suspended after the company said it was going into liquidation. Balfour Beatty, Galliford Try and HICL Infrastructure were in the red due to their exposure. Balfour, which is in joint venture with Carillion on three projects, said the cash impact on the group is likely to be an outflow in the range of £35m to £45m this year. Meanwhile, Galliford, which is in JV with Carillion and Balfour on the Aberdeen Western Peripheral Route contract, said it expects to pay up to £40m to complete the JV. IG analyst Joshua Mahony said: "Carillion's filing for compulsory liquidation marks the end of a journey which has seen the firm's share price fall over 90% in six months. The decision by the UK government to award a whole host of notable contracts to a firm which had issued three back-to-back profit warnings is clearly coming back to haunt them, adding another headache for beleaguered Prime Minister Theresa May. The taxpayers are ultimately set to foot the bill for covering any costs arising from the firm's inability to continue delivering on those contracts." Rolls-Royce slipped as it confirmed recent press speculation that it might be looking to hive-off its l'Orange unit, but clarified that the strategic review now under way would have no impact on the rest of its Power Systems arm. On the upside, engineer GKN rallied following reports that private equity firm Carlyle is considering bidding for the company after it last week rejected a £7bn offer from Melrose Industries. Meanwhile, Melrose was a little weaker after saying it is beginning a series of shareholder meetings to discuss the proposal. Plumbing and heating company Ferguson gained as it said recent US tax cuts would provide a beneficial impact on the group's after tax earnings. FTSE 250 heat treatment supplier Bodycote surged after saying it now expects full year 2017 headline operating profit to be towards the upper end of market expectations as it announced that US tax changes should have a positive one-off impact. William Hill rose after saying it is undertaking a review of its Australian business, as it said 2017 adjusted profits were 11% than in the previous year, surpassing forecasts of £290m, while Acacia Mining shone after the release of its fourth-quarter production figures. In broker note action, Johnson Matthey was boosted by an upgrade to 'buy' at Berenberg, while Land Securities was lifted by an upgrade to 'overweight' by JPMorgan. Barclays rose on the back of an upgrade to 'buy' at Investec. |
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| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe close: Gains in single currency sap share price strength Stocks finished on a mixed note, as gains in the single currency sapped equity markets of their strength. By the closing bell, the benchmark Stoxx 600 had slipped by 0.17% or 0.66 points to 397.83, alongside a dip of 0.34% on the Dax to 13,200.51 and of 0.13% in the Cac-40 to 5,509.69. Meanwhile, euro/dollar was 0.70% ahead at 1.2285, a more than three-year high. The situation was better out on the periphery, with the Ibex 35 adding 0.05% to 10,467.20 and the FTSE Mibtel rising 0.49% to 23,543.55. In parallel, the yield on the benchmark 10-year bund was one basis point higher at 0.59%, just off its 2017 highs at 0.60%. To take note of, US markets were closed on Monday, in observance of the Martin Luther King Jr. holiday, meaning that many traders on this side of the Atlantic were likely also away from their desks, thus depleting trading volumes. Last Friday, the euro topped its 2017 high against the US dollar, at 1.2095, and moved past a key level of so-called technical resistance at 1.2170 on the back of optimism around the ability of Germany's main political parties to craft a grand coalition. In parallel, the US dollar spot index fell to a fresh 52-week low. Commenting on the interplay between moves in the euro and othe asset classes, analysts at Deutsche Bank said they expected euro area Purchasing Managers Indices to 'fade' as a result of the lagged impact of euro strength and as the inventory cycle turned less favourable. That, they explained, would be consistent with a "reversal" in recent moves by European stocks, banks and bond yields over coming weeks. On the other hand, should that "fade" not materialise then that would imply upside for the Stoxx 600 to around 420 towards the start of the second quarter and an increase in bund yields to 80 basis points by the end of the first quarter. Elsewhere on the economic front, Eurostat reported that the Eurozone's foreign trade surplus recovered from the €19.0bn seen in October to €22.5bn for November (consensus: €23.0bn) on the back of a sharp jump in German exports. No economic data was published in the States. On the corporate front, according to Sueddeutsche Zeitung, Airbus was in talks with German prosecutors to close a probe into the sale of Eurofighter jets to Austria. In a related sector, at the weekend Air France denied it had bid for failed carrier Alitalia. |
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Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Cryptocurrencies Report | | Top Cryptocurrencies | # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | | 1 |  | Bitcoin (BTC) | 236,781,129,309 | 13,823.24 | -2.17% |  | | 2 |  | Ethereum (ETH) | 128,163,707,832 | 1,304.21 | +0.58% |  | | 3 |  | Ripple (XRP) | 68,661,256,718 | 1.75 | -14.68% |  | | 4 |  | Bitcoin Cash / BCC (BCH) | 41,501,977,358 | 2,453.18 | -15.9% |  | |
| | Atlantic Advisory - Share Tips of the Year 2018 | | Download Our Latest Report Here Losses can exceed deposits |
| | US Market Report | | US open: Stocks continue to push higher as dollar slips back Wall Street's main market gauges are continuing to push higher, helped by another drop in the US dollar and as investors sift through earnings from the likes of JPMorgan and Wells Fargo. As of 1558 GMT, the Dow Jones Industrials Average was up by 0.72% or 183.66 to 25,758.35, alongside an advance of 0.42% or 11.63 points to 2,779.17 on the S&P 500 and a gain of 0.46% or 33.25 points in the Nasdaq Composite to 7,244.33. In parallel, the US dollar spot index was falling 0.62% to 91.28 and trading just off its 52-week low of 91.01, even as yields on 2-year Treasury notes topped the 2.0% mark for the first time since 2008 after the government reported a larger-than-expected 0.3% rise in 'core' consumer prices. That reading on the cost of living in the US came alongside a stronger-than-expected 0.4% month-on-month reading on December retail sales, which was also boosting sentiment. From a sector standpoint, the best performing areas of the market were: Coal (3.88%), Forestry&Paper (2.27%) and Oil Equipment services (2.09%). Dragging the dollar to a three-year low against the euro was news of a breakthrough in German coalition talks after Angela Merkel's conservative Christian Democratic Union bloc and the Social Democrats agreed to a blueprint for formal coalition negotiations. GKFX analyst David Morrison said investors were hopeful the US earnings season will provide yet more ammunition for another push higher. "The major indices continue to record fresh record closes on an almost daily basis now. The latest leg of the rally coming in the wake of Trump's tax reforms which passed through Congress last month. "[...] Traders continue to disregard warnings that the market is seriously overvalued while low volatility is disguising dangers inherent in the current frothy environment. Investors are still prepared to extend their exposure to stocks even as developed world central banks withdraw the monetary stimulus which boosted risk assets in the first place." On the corporate front, earnings season kicked off in style, with money manager BlackRock posting better-than-expected fourth-quarter profit. Shares of JPMorgan Chase were also active after its fourth-quarter earnings surpassed analysts' expectations, with earnings per share of $1.76 versus forecasts of $1.69. Wells Fargo also posted better-than-expected fourth quarter earnings per share of $1.16, but that was not enough to push the shares to a fresh 52-week high. Banking giants Goldman Sachs and Morgan Stanley were scheduled to release their latest earnings next week. Elsewhere, stock in Facebook was down after the company announced plans to prioritise meaningful social interaction over branded content. In a post on the site, chief executive Mark Zuckerberg said branded content was "crowding out the personal moments that lead us to connect more with each other". Dow Jones - Risers Boeing Co. (BA) $334.99 2.11%
Home Depot Inc. (HD) $197.80 1.60%
Merck & Co. Inc. (MRK) $58.50 1.56%
3M Co. (MMM) $245.60 1.36%
Microsoft Corp. (MSFT) $89.26 1.34%
Unitedhealth Group Inc. (UNH) $227.74 1.04%
Travelers Company Inc. (TRV) $133.71 1.04%
Wal-Mart Stores Inc. (WMT) $100.91 0.89%
Johnson & Johnson (JNJ) $145.92 0.78%
JP Morgan Chase & Co. (JPM) $111.56 0.65% Dow Jones - Fallers General Electric Co. (GE) $18.90 -0.63%
Procter & Gamble Co. (PG) $89.72 -0.48%
Intel Corp. (INTC) $43.31 -0.23%
Verizon Communications Inc. (VZ) $52.05 -0.12%
American Express Co. (AXP) $100.65 -0.08%
International Business Machines Corp. (IBM) $164.14 -0.04%
Dowdupont Inc. (DWDP) $75.21 -0.01%
McDonald's Corp. (MCD) $173.39 0.00%
Coca-Cola Co. (KO) $46.05 0.02%
Chevron Corp. (CVX) $132.72 0.11% S&P 500 - Risers Target Corp. (TGT) $76.52 3.41%
Kohls Corp. (KSS) $63.14 3.30%
Motorola Solutions Inc (MSI) $96.54 3.20%
Seagate Technology Plc (STX) $50.49 3.03%
Nordstrom Inc. (JWN) $51.51 2.84%
Blackrock Inc. (BLK) $552.57 2.72%
Dollar Tree Inc (DLTR) $113.98 2.36%
Gen Dynamics Corp. (GD) $210.25 2.31%
Gap Inc. (GPS) $33.94 2.27%
Frontier Communications Co. (FTR) $7.89 2.18% S&P 500 - Fallers GameStop Corp. (GME) $17.91 -10.28%
AFLAC Inc. (AFL) $85.70 -6.53%
First Solar Inc. (FSLR) $72.59 -4.82%
Pitney Bowes Inc. (PBI) $12.81 -4.15%
Facebook Inc. (FB) $180.43 -3.91%
Spectra Energy Corp. (SE) $13.78 -3.16%
Varian Medical Systems Inc. (VAR) $108.29 -2.91%
Amer Water Works (AWK) $82.29 -2.89%
Ventas Inc. (VTR) $54.89 -2.38%
Southwestern Energy Co. (SWN) $5.41 -2.08% Nasdaq 100 - Risers Seagate Technology Plc (STX) $50.73 3.52%
Dollar Tree Inc (DLTR) $114.09 2.46%
American Airlines Group (AAL) $57.78 2.42%
Amazon.Com Inc. (AMZN) $1,298.52 1.71%
Illumina Inc. (ILMN) $244.10 1.69%
Baidu Inc. (BIDU) $254.45 1.69%
Adobe Systems Inc. (ADBE) $192.10 1.68%
Ross Stores Inc. (ROST) $83.74 1.43%
Netflix Inc. (NFLX) $220.25 1.39%
Microsoft Corp. (MSFT) $89.29 1.37% Nasdaq 100 - Fallers Facebook Inc. (FB) $180.07 -4.10%
Comcast Corp. (CMCSA) $42.20 -0.94%
Shire Plc Ads (SHPG) $147.25 -0.78%
Vertex Pharmaceuticals Inc. (VRTX) $157.21 -0.75%
Intuitive Surgical Inc. (ISRG) $418.45 -0.69%
Tesla Inc (TSLA) $335.82 -0.63%
Cintas Corp. (CTAS) $161.18 -0.53%
QUALCOMM Inc. (QCOM) $65.16 -0.41%
Mylan Inc. (MYL) $46.52 -0.41% |
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| | Broker Tips | | Broker tips: GKN, G4S, Johnson Matthey Berenberg upped its price target on GKN to 455p from 365p on Monday, sticking with its 'buy' rating as it said it seems inevitable the engineer will end up being owned by Melrose Industries, after it rejected a £7bn bid last week. GKN said on Friday that it had rejected a bid proposal from Melrose and appointed Anne Stevens as chief executive, as it announced plans to separate its aerospace and automotive businesses. It said that the bid was "entirely opportunistic and that the terms fundamentally undervalue the company and its prospects". "The rejected 405p bid undervalues GKN, in our view, but we believe Melrose has scope to significantly increase its offer by the 9 February deadline," Berenberg said, also highlighting the potential of a counter-bid following press reports that private equity firm Carlyle might interested in making an offer. The bank is assuming Melrose will up its offer to 455p, which indicates a further 8% upside to the GKN share price. "Given that the deal structure allows significant participation in any upside that Melrose achieves, we believe GKN management will be hard pushed to reject such an offer." According to Berenberg, Melrose walking away is the least likely outcome. It said that previous transactions demonstrate that Melrose's management is financially disciplined and that it does not over-pay. | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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