Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Monday, 22 January 2018 18:13:23 Monitor Quote Charts News CFD's Compare Brokers Free BB   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: Sterling strength saps stocks London's top flight index sagged a little as France's Prime Minister, Emmanuel Macron held out the possibility of a bespoke trading arrangement for the UK after Brexit, boosting the value of the pound, and with bookmakers under the cosh amid speculation the government is planning a £2 maximum stake on betting machines. The FTSE 100 ended the session down by 0.20% at 7,715.44, while the pound was up 0.58% versus the dollar at 1.3944 and by another 0.50% against the euro at 1.1397. In parallel, the second-tier index edged up by 0.01% to 20,655.17. Nonetheless, in remarks made on The Andrew Marr Show, Macron added that "by definition" the future relationship between the UK and the EU would be weaker than it had been, given that the deepest possible relation was with both nations being member states of the European Union. "As you decided to leave, you cannot be part of the single market. But in function of the nature of the negotiation, you can have some deeper relations and some others. For instance, we have a deeper relation with Norway than the one we have with Canada," Macron said. The US government shutdown was also a big focus as a Sunday session of the Senate failed to yield any kind of agreement between the Democrats and Republicans, after lawmakers failed to agree on a spending bill by the deadline last Friday. With a vote to end the shutdown postponed until 1700 GMT on Monday, many federal government offices were forced to remain shut. Yet as Mickey Levy at Berenberg Capital Markets observed in a research note sent to clients, "temporary shutdowns have occurred numerous times in the past, most recently in 2013. Close observation suggests that they have little impact on trends in economic conditions, interest rates, the stock market, or even the US dollar. They also have little impact on the wide array of government operations." In corporate news, bookies William Hill and Ladbrokes Coral, and GVC Holdings were all sharply lower following reports over the weekend that the UK is set to announce a new £2 maximum stake on high stakes gaming machines. Defence contractor GKN fell. Having rejected a £7bn hostile bid from Melrose Industries last week, the engineer sought to highlight its potential as a standalone entity, lifted sales forecasts for its electric driveline business in 2020 to £275m from previous forecasts of £200m. Another engineer Smiths Group edged down as agreed to sell its John Crane's bearings business to private Austrian company Miba AG for an enterprise value of $35m. Construction contractor Kier Group declined after confirming it has taken over the HS2 and Highways England smart motorway projects from collapsed Carillion and announcing other contract wins. IMI was weaker after it said that Peter Spencer, the managing director of its IMI Hydronic Engineering, was leaving the group. On the upside, however, Ocado surged after signing its second major international customer less than two months after the first, with a contract to build a customer fulfilment centre for Canada's second largest supermarket group. Shire was on the front foot, boosted by news that French healthcare group Sanofi has agreed to buy US haemophilia specialist Bioverativ for $11.6bn. UAE-based private healthcare operator NMC Health was in the black after announcing two earnings-accretive acquisitions in the UAE and Kingdom of Saudi Arabia. FTSE 100 catering company Compass was higher after it said that changes to the US tax system will cut its effective tax rate from 26.5% to around 24%. Dixons Carphone rallied after it narrowed its full-year profit guidance and reported a 4% jump in year-on-year for the 10 weeks to 6 January, as it announced the appointment of Alex Baldock as its new chief executive. Computacenter was also in the black after saying 2017 adjusted pre-tax results are likely to beat analysts' expectations. The Top 10 Stocks for 2018 What does the year hold for these 10 blue chips? A look at some of the key themes in the coming 12-months, the key numbers from 2017, FTSE 100 companies that reached record highs… and those that fell to all-time lows, and our Top Stock Picks for 2018. Losses can exceed deposits. Get your copy Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 GGP Greatland Gold Plc 2.35 2 BOO Boohoo.com 1.90 3 XBT Provider AB 1.86 4 LGEN Legal & General Group plc 1.49 5 SXX Sirius Minerals plc 1.18 6 LION Lionsgold Limited 1.15 7 VRS Versarien plc 1.14 8 XBT Provider AB 1.12 9 DTY Dignity plc 1.11 10 PFG Provident Financial plc 1.08 Number of Deals Sold Place EPIC Equity name % 1 LLOY Lloyds Banking Group plc 2.33 2 GGP Greatland Gold Plc 2.26 3 XBT Provider AB 1.73 4 XBT Provider AB 1.27 5 GKN GKN plc 1.24 6 IQE IQE plc 1.20 7 Verizon Communications Inc 1.17 8 BOO Boohoo.com 1.02 9 PMO Premier Oil Plc 0.96 10 LION Lionsgold Limited 0.96 FatPROPHETS Successful stock recommendations since 2000 Fat Prophets is a stock market research house that specialises in assisting value based investors with buy, hold and sell recommendations Click Here Cryptocurrencies Report Top Cryptocurrencies # Name Market Cap($) Price(%) Change Price Graph(3m) 1 Bitcoin (BTC) 180,196,184,563 10,531.54 -8.34% 2 Ethereum (ETH) 95,190,528,476 973.82 -5.79% 3 Ripple (XRP) 47,810,687,883 1.2 -12.09% 4 Bitcoin Cash / BCC (BCH) 27,221,087,108 1,601.52 -9.49% Atlantic Advisory - Share Tips of the Year 2018 Download Our Latest Report Here Losses can exceed deposits US Market Report US open: Stocks mixed, investors wait on Senate vote on government shutdown Wall Street's main market gauges have begun the week trading on a slightly mixed note, following the US Senate's inability to avoid a federal government shutdown during the previous session. At 1617 GMT, the Dow Jones Industrial Average futures was drifting 0.16% or 16.52 points lower to 26,055.20, while the S&P 500 was ahead by 0.19% or 5.36 points to 2,815.66, while the Nasdaq Composite was up by 0.40% or 29.25 points to 7,365.63. From a sector standpoint, the best performing areas of the market were: Marine transportation (4.97%), Non-ferrous metals (2.81%) and Oil equipment (2.73%). The US government shutdown was the main focus as a Sunday session of the Senate failed to yield any kind of agreement between the Democrats and Republicans, after lawmakers failed to agree on a spending bill by the deadline last Friday. With a vote to the end the shutdown postponed until 1700 GMT on Monday, many federal government offices were set to remain shut. According to analysts at Bank of America-Merrill Lynch, a week-long shutdown held the potential to slice between one and three tenths of a percentage point from the first quarter's annualised rate of growth in gross domestic product. Nonetheless, for the most part, analysts appeared to be sanguine regarding the potential for mayhem. "Temporary shutdowns have occurred numerous times in the past, most recently in 2013. Close observation suggests that they have little impact on trends in economic conditions, interest rates, the stock market, or even the U.S. dollar. They also have little impact on the wide array of government operations. "In 2013 and 1995-1996, shutdowns lasted two weeks. Resolving this shutdown is complicated by the upcoming elections in November. With a third of the Senate's seats up for grabs and the whole of the House of Representatives, both parties seek to blame the other for the shutdown," Mickey Levy at Berenberg Capital Markets explained in a research note sent to clients. The economic calendar was light at the start of the week, with just the Federal Reserve bank of Chicago's national activity index due for release. In the event, it rose from a reading of 0.11 for November to 0.27 in December, having printed at 0.87 in October, its best reading since December 2006. Meanwhile, in corporate news, shares of Juno Therapeutics surge after agreeing to be bought by Celgene for around $9bn in cash. Validus was also trading on the front foot after news that insurance giant AIG was set to takeover the Bermudian reinsurance company for $5.56bn sending the stock running up by almost 50%. Also on the M&A front, news that Elliot Management Corp. was set to make a $2.5bn investment in First Energy Group sent shares in the company sharply higher. Going the other way, shares of contract chip manufacturer Sanmina Corp. plunged after management delivered a weaker than expected outlook alongside its fourth quarter results. Netflix is due to report earnings after the close. Dow Jones - Risers Verizon Communications Inc. (VZ) $52.78 1.68% Intel Corp. (INTC) $45.41 1.33% Goldman Sachs Group Inc. (GS) $259.49 1.32% Microsoft Corp. (MSFT) $91.06 1.17% Home Depot Inc. (HD) $202.52 0.59% Wal-Mart Stores Inc. (WMT) $104.89 0.57% Chevron Corp. (CVX) $132.03 0.56% Procter & Gamble Co. (PG) $91.57 0.54% Visa Inc. (V) $123.34 0.52% Cisco Systems Inc. (CSCO) $41.49 0.48% Dow Jones - Fallers Nike Inc. (NKE) $66.00 -1.80% General Electric Co. (GE) $16.03 -1.44% Apple Inc. (AAPL) $176.91 -0.87% 3M Co. (MMM) $246.43 -0.71% American Express Co. (AXP) $97.34 -0.70% United Technologies Corp. (UTX) $135.00 -0.66% Dowdupont Inc. (DWDP) $75.67 -0.45% Boeing Co. (BA) $336.64 -0.32% Caterpillar Inc. (CAT) $169.94 -0.28% Unitedhealth Group Inc. (UNH) $242.68 -0.28% S&P 500 - Risers FirstEnergy Corp. (FE) $33.18 12.86% Frontier Communications Co. (FTR) $8.46 8.88% Wynn Resorts Ltd. (WYNN) $188.78 5.09% Halliburton Co. (HAL) $55.59 4.87% TripAdvisor Inc. (TRIP) $36.75 3.67% Xerox Corp. (XRX) $32.49 3.57% XL Group Ltd (XL) $36.34 3.44% Tenet Healthcare Corp. (THC) $17.82 3.36% Wyndham Worldwide Corp. (WYN) $126.56 3.12% Devon Energy Corp. (DVN) $44.17 3.08% S&P 500 - Fallers Qorvo, Inc. (QRVO) $65.77 -3.85% Chipotle Mexican Grill Inc. (CMG) $331.59 -3.57% GameStop Corp. (GME) $17.58 -3.02% AutoZone Inc. (AZO) $773.53 -2.55% Symantec Corp. (SYMC) $26.77 -2.49% Darden Restaurants Inc. (DRI) $96.78 -2.28% Ball Corp (BLL) $37.90 -2.13% Invesco Ltd. (IVZ) $37.33 -2.08% Harris Corp. (HRS) $142.90 -2.05% W.W. Grainger Inc. (GWW) $225.63 -1.92% Nasdaq 100 - Risers Wynn Resorts Ltd. (WYNN) $188.78 5.09% eBay Inc. (EBAY) $39.44 2.63% Netflix Inc. (NFLX) $226.04 2.53% Dish Network Corp. (DISH) $46.08 1.81% Twenty-First Century Fox Inc Class B (FOX) $36.90 1.77% Tesla Inc (TSLA) $356.00 1.71% Twenty-First Century Fox Inc Class A (FOXA) $37.27 1.69% Alphabet Inc. Class A (GOOGL) $1,162.16 1.63% Shire Plc Ads (SHPG) $147.31 1.60% Alphabet Inc. Class C (GOOG) $1,155.26 1.56% Nasdaq 100 - Fallers Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $234.31 -4.02% JD.com, Inc. (JD) $44.81 -2.64% Symantec Corp. (SYMC) $26.77 -2.49% Ctrip.Com International Ltd. Ads (CTRP) $45.73 -2.39% Hasbro Inc (HAS) $91.08 -1.60% Baidu Inc. (BIDU) $252.26 -1.45% O'Reilly Automotive Inc. (ORLY) $269.12 -1.43% Skyworks Solutions Inc. (SWKS) $97.81 -1.40% Align Technology Inc. (ALGN) $265.88 -1.33% 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. Broker Tips Broker tips: Halfords, Fevertree Drinks, Easyjet Canaccord Genuity upped its stance on Halfords to 'buy' from 'hold' on Friday, lifting the price target to 436p from 370p following the company's third-quarter update a day earlier. The brokerage said that after six years of not really going anywhere, FY19 should see a return to positive momentum, with earnings per share growth of 14%, followed by 10% in FY20 and risks to the upside. "We take heart from Halfords' ability to drive Q3 like-for-like volume growth in bikes even as its prices go up 6-7% (versus the market up 10-15% and down on volumes). We think that this dynamic should lead to margin expansion in FY19E and beyond, even taking account of product mix."   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