| | | 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 flat as investors pause for breath after record highs London stocks were little changed in early trade on Tuesday, kicking the year off with a whimper rather than a bang after ending 2017 on a high. At 0830 GMT, the FTSE 100 was flat at 7,671.36, with investors likely pausing for breath after the index ended the year at record high of 7,687.77 on Friday, while the pound was up 0.1% against the euro at 1.1251 and 0.3% firmer versus the dollar at 1.3541. Upbeat data out of China failed to provide a boost, even to miners, which rallied strongly in the last week of 2017. China's Caixin manufacturing PMI came in ahead of expectations of 50.6 at 51.7 in December, up from 50.8 the month before. The UK manufacturing purchasing managers' index is due at 0930 GMT. Accendo Markets analyst Mike van Dulken pointed out that of all the countries due to release their manufacturing PMIs on Tuesday - Italy, France and Germany have data out - the UK is the only one expected to report a slowing print, retreating from a six-year highs, while this afternoon, the US reading is seen improving to its best level since 2015. "Although no speakers are scheduled today, central bankers are expected to reappear from the Christmas woodworks ahead of monetary policy updates later this month, while 2018 will see geopolitics continue to have a central driving role in equity markets, with Brexit, the Trump administration in the US and European elections (Italy) all expected to move markets," van Dulken said. In corporate news, Marks & Spencer was in the black after confirming the sale and franchise of its retail business in Hong Kong and Macau to its long-established franchise partner Al-Futtaim. BP was steady after saying it expects changes to US tax rates to trigger a charge of about $1.5bn (£1.1bn) before benefiting the company in the long run. The oil company said lower corporate taxes under President Trump's plan require it to revalue its deferred tax assets and liabilities. BP expects the $1.5bn one-off cash charge to affect its fourth-quarter income statement. British Airways and Iberia owner IAG nudged lower as it swooped to buy assets and invest in Niki, a former part of the collapsed Air Berlin group. IAG's Spanish budget arm, Vueling, will buy €20m of assets from the Austrian airline and provide up to €16.5m of liquidity to Niki, which will form part of a new, separately run Austrian subsidiary. Compass Group slipped as it confirmed the death of its chief executive, Richard Cousins, and four members of his family in a plane accident over the weekend, and said it has brought forward the appointment of his successor. The promotion of the catering group's European chief operating officer, Dominic Blakemore, as chief executive has been moved forward to 1 January from 1 April. BBA Aviation was on the back foot as it ended a seven-month search for a new chief executive by appointing internal candidate Mark Johnstone to run the company. Speciality chemicals company Synthomer ticked down after saying it has sold its Leuna site in Germany to Alberdingk Boley Gmbh for an undisclosed price. BT was the standout gainer after an upgrade to 'buy' from Bank of America Merrill Lynch, while ASOS edged higher after being raised to 'buy' from 'hold' at Deutsche Bank and GVC Holdings was lifted by an initiation at 'overweight' from Barclays. However, Carpetright slumped as it was cut to 'hold' from 'buy' at Deutsche Bank. |
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| Market Movers FTSE 100 (UKX) 7,671.36 0.00% FTSE 250 (MCX) 20,732.19 0.00% techMARK (TASX) 3,545.42 0.00% FTSE 100 - Risers Marks & Spencer Group (MKS) 319.80p 1.59% BT Group (BT.A) 275.80p 1.51% St James's Place (STJ) 1,244.00p 1.47% Centrica (CNA) 139.28p 1.44% Kingfisher (KGF) 340.90p 0.95% Berkeley Group Holdings (The) (BKG) 4,228.00p 0.74% Prudential (PRU) 1,919.50p 0.73% Lloyds Banking Group (LLOY) 68.56p 0.73% International Consolidated Airlines Group SA (CDI) (IAG) 654.80p 0.58% Severn Trent (SVT) 2,173.37p 0.53% FTSE 100 - Fallers Rio Tinto (RIO) 3,874.00p -1.73% BHP Billiton (BLT) 1,499.00p -1.54% Ashtead Group (AHT) 1,961.89p -1.51% Shire Plc (SHP) 3,851.50p -1.24% Worldpay Group (WPG) 420.80p -1.22% Antofagasta (ANTO) 993.00p -1.19% GKN (GKN) 315.60p -1.19% G4S (GFS) 263.90p -1.16% Rolls-Royce Holdings (RR.) 839.20p -0.92% Unilever (ULVR) 4,089.50p -0.87% FTSE 250 - Risers Stagecoach Group (SGC) 168.90p 2.55% Provident Financial (PFG) 920.00p 2.45% Capita (CPI) 410.20p 2.32% Brown (N.) Group (BWNG) 276.63p 2.19% SIG (SHI) 179.50p 1.87% Ferrexpo (FXPO) 298.10p 1.71% Sirius Minerals (SXX) 23.89p 1.67% Ted Baker (TED) 2,756.00p 1.66% Tullow Oil (TLW) 210.00p 1.65% Sophos Group (SOPH) 579.00p 1.58% FTSE 250 - Fallers Dairy Crest Group (DCG) 559.00p -3.04% Euromoney Institutional Investor (ERM) 1,273.60p -2.41% Drax Group (DRX) 264.40p -2.29% Barr (A.G.) (BAG) 653.00p -2.03% Marshalls (MSLH) 446.32p -1.89% RDI Reit (RDI) 36.15p -1.82% 888 Holdings (888) 277.00p -1.67% Indivior (INDV) 401.40p -1.67% Countryside Properties (CSP) 347.28p -1.62% |
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| Europe Market Report | | FTSE 100 | Euronext | Dax perf | CAC 40 | | | | | | Europe open: Stocks start the year in the red as miners, autos weigh European stocks kicked off the new year on a downbeat note on Tuesday, weighed by weakness in the auto sector following a rating downgrade of BMW and as miners retreated. At 1030 GMT, the Stoxx Europe 600 index was down 0.5% at 387.13, while Germany's DAX was 0.9% lower at 12,795.55 and France's CAC 40 was down 0.8% at 5,269.45. The Stoxx 600 basic resources index was off 1%, giving back some its recent gains. Falls in the resources sector came despite good news from China, where the Caixin manufacturing PMI came in ahead of expectations of 50.6 at 51.7 in December, up from 50.8 the month before. Meanwhile, the sub-index for autos and parts fell 2%, with BMW 2.7% weaker after a downgrade by Evercore. Elsewhere, British Airways and Iberia owner IAG flew higher as it swooped to buy assets and invest in Niki, a former part of the collapsed Air Berlin group. IAG's Spanish budget arm, Vueling, will buy €20m of assets from the Austrian airline and provide up to €16.5m of liquidity to Niki, which will form part of a new, separately run Austrian subsidiary. Data released earlier showed that activity in the eurozone manufacturing improved in December, as expected, ending 2017 with record-high growth. IHS Markit's final purchasing managers' index for the bloc rose to 60.6 from 60.1 in November, in line with the flash estimate and consensus expectations thanks to strong rates of expansion in output, new orders and employment pushed. This marked the best reading since the survey began in mid-1997. Chris Williamson, chief business economist at IHS Markit, said: "The eurozone manufacturing boom gained further momentum in December, rounding off the best year on record and setting the scene for a strong start to 2018. The final PMI was in line with the earlier flash number, confirming a record monthly improvement in business conditions at the end of 2017. Pantheon Macroeconomics said: "The headline PMI data continue to signal strong momentum in eurozone manufacturing and a solid boost to GDP growth in Q4. "Overall, activity in manufacturing is strong across the euro area's major economies. New orders and output are rising at a pace not seen since 2000, buoyed by momentum in both the domestic economy and foreign markets. The persistent in increase in new orders is stretching capacities, driving rising work backlogs and higher employment. On the supply side, input prices are rising and suppliers' delivery times are getting stretched, forcing firms to raise output prices." |
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| US Market Report | US close: Stocks buoyed by latest economic data Wall Street finished on a slightly higher note as investors sifted through a slew of data releases on an otherwise quiet day, with little in the way of corporate news and volumes thin ahead of the new year. At the close, the Dow Jones Industrial Average was up 0.16% to 24,812.71, with the S&P 500 ahead by 0.07% to 2,684.49 and the Nasdaq Composite up by 0.05% to 6,943.03. From a sector standpoint, the best performance was seen in the following industry groups: Aluminum (4.44%), Coal (3.25%) and Non-ferrous metals (3.10%). There was some good news on the data front, as the Chicago purchasing managers' index showed a rise to 67.6 this month - its highest since March 2011 - from 63.9 in November, versus expectations for a reading of 62. Elsewhere, data from the Labor Department showed the number of Americans filing for unemployment benefits was steady last week, according to data from the Labor Department. US initial jobless claims were unchanged from the previous week's unrevised average of 245,000. Economists had been expecting claims to drop to 240,000. Meanwhile, the four-week moving average came in at 237,750, up 1,750 from the previous week's unrevised average of 236,000. Meanwhile, preliminary figures from the Commerce Department revealed that America's shortfall on its foreign trade in goods widened last month, as import growth continued to outpace that in the country's exports. The goods deficit increased by 2.3% month-on-month to reach $69.7bn versus consensus expectations for $68.0bn. Import rose sharply, increasing by 2.7% to reach $203.4bn while exports were 2.9% higher to $133.7bn. Unsurprisingly given the time of year, corporate news was thin on the ground. Shares in trucking company JB Hunt fell after it issued fourth-quarter guidance that missed analysts' expectations. Dow Jones - Risers Unitedhealth Group Inc. (UNH) $222.68 1.07% Travelers Company Inc. (TRV) $135.66 0.66% International Business Machines Corp. (IBM) $154.01 0.59% American Express Co. (AXP) $99.70 0.58% Caterpillar Inc. (CAT) $158.45 0.57% JP Morgan Chase & Co. (JPM) $107.79 0.53% Merck & Co. Inc. (MRK) $56.59 0.46% United Technologies Corp. (UTX) $128.11 0.42% Visa Inc. (V) $114.35 0.29% Verizon Communications Inc. (VZ) $53.43 0.28% Dow Jones - Fallers Coca-Cola Co. (KO) $45.72 -0.46% Home Depot Inc. (HD) $189.78 -0.22% 3M Co. (MMM) $235.72 -0.20% General Electric Co. (GE) $17.36 -0.12% Procter & Gamble Co. (PG) $92.05 -0.03% Johnson & Johnson (JNJ) $140.50 -0.01% Nike Inc. (NKE) $62.94 -0.00% Microsoft Corp. (MSFT) $85.72 0.01% Chevron Corp. (CVX) $125.58 0.02% Cisco Systems Inc. (CSCO) $38.59 0.08% S&P 500 - Risers Southwestern Energy Co. (SWN) $5.77 5.49% Alcoa Corporation (AA) $54.14 4.44% Chesapeake Energy Corp. (CHK) $4.04 4.12% Range Resources Corp. (RRC) $17.60 3.83% EQT Corp. (EQT) $57.27 3.49% Netflix Inc. (NFLX) $192.71 3.47% Freeport-McMoRan Inc (FCX) $19.27 3.10% United States Steel Corp. (X) $35.74 2.06% Tenet Healthcare Corp. (THC) $15.19 1.88% Northern Trust Corp. (NTRS) $100.32 1.66% S&P 500 - Fallers Discovery Communications Inc. Class A (DISCA) $22.55 -2.17% Discovery Communications Inc. Class C (DISCK) $21.28 -2.12% Mallinckrodt Plc Ordinary Shares (MNK) $22.80 -2.06% Monster Beverage Corp (MNST) $62.92 -2.04% Mattel Inc. (MAT) $15.34 -1.79% Altria Group Inc. (MO) $71.27 -1.60% Micron Technology Inc. (MU) $41.81 -1.58% Csra Inc. (CSRA) $30.04 -1.44% Perrigo Company plc (PRGO) $87.27 -1.40% Kansas City Southern (KSU) $105.63 -1.39% Nasdaq 100 - Risers Netflix Inc. (NFLX) $192.71 3.47% Liberty Interactive Corporation - Series A Liberty Ventures (LVNTA) $55.01 1.72% Take-Two Interactive Software Inc. (TTWO) $109.59 1.66% Charter Communications Inc. (CHTR) $338.03 1.43% Idexx Laboratories Inc. (IDXX) $158.79 1.34% Tesla Inc (TSLA) $315.36 1.19% Liberty Global plc Series A (LBTYA) $35.75 0.99% Illumina Inc. (ILMN) $217.52 0.96% Starbucks Corp. (SBUX) $57.81 0.94% Xilinx Inc. (XLNX) $68.50 0.87% Nasdaq 100 - Fallers NetEase Inc. Ads (NTES) $349.95 -3.23% Monster Beverage Corp (MNST) $62.92 -2.04% Micron Technology Inc. (MU) $41.81 -1.58% JD.com, Inc. (JD) $41.63 -1.56% Baidu Inc. (BIDU) $234.74 -1.25% Liberty Global Plc Lilac Class A (LILA) $20.46 -1.21% Incyte Corp. (INCY) $95.38 -1.17% Liberty Global Plc Lilac Class C (LILAK) $20.26 -1.12% Mercadolibre Inc. (MELI) $315.57 -1.08% |
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