| | | 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 open: Stocks nudge up with retail in focus again; Sainsburys gains on update London stocks rose in early trade on Wednesday, with retailers in focus again following updates from Sainsbury’s, Ted Baker and Superdry, but gains were small after the top-flight index closed at a record high in the previous session and as investors looked to some key data releases. At 0850 GMT, the FTSE 100 was up 0.1% to 7,738.43, while the pound was 0.2% lower versus the greenback at 1.3519 and down 0.3% against the euro at 1.1314. On the data front, UK manufacturing and industrial production and the goods trade balance are due at 0930 GMT. CMC Markets analyst Michael Hewson said: "It's an important day for UK data today with the latest manufacturing and industrial production data for November due out later this morning. "Manufacturing has been a standout performer for the UK in Q4, if various independent surveys are to be believed, so it would be a surprise if today's ONS announcements don't confirm that picture. The consensus forecast is for a rise of 0.3% for both manufacturing and industrial production, while the latest trade balance data is expected to show a deficit of £1.5bn. Corporate news was all about the retailers again, with Sainsbury's up as it said that following a solid Christmas trading period and a better-than-expected contribution from Argos, full year profits are now likely to beat the current consensus forecast. Fashion retailer Ted Baker rallied as it hailed a "good" performance over the Christmas, with retail sales up 9%, and said full-year results should be in line with its expectations. Trendy fashion outlet Superdry went the other way, however, after saying underlying half year pre-tax profits rose 20.5% to £25.3m as online sales helped to boost revenue along with forex tailwinds. Housebuilder Taylor Wimpey was in the red as it said 2017 results would be in line with forecasts, and that it expects to achieve further growth and performance improvement in 2018. Paddy Power Betfair fell after it appointed Dan Taylor to the newly-create role of chief executive officer of Europe and Barni Evans as CEO of its Australian operations, Sportsbet. Big Yellow slipped as it revenues were up 8% in the third quarter, while LondonMetric fell even as it pocketed £5.8m from the sale of a B&Q warehouse in Hull through its joint venture with Universities Superannuation Scheme. Aerospace and defence engineer Senior advanced after saying a good performance in November and December and a benefit from US tax changes will see earnings come in higher than expected, while recruiter Pagegroup surged as it said it had a "record" year in 2017. Tullow Oil edged up after a positive trading statement, while Centamin rose after a better-than-expected production update. Marshalls was little changed after reporting an 8% jump a jump in full-year revenue and expressing confidence in meeting its 2017 expectations. OneSavings Bank was under the cosh after JC Flowers sold off a 10% stake in the company at 390p per share. IG and CMC Markets were down after the Financial Conduct Authority raised concerns again about marketing of CFDs to retail investors. In broker note action, Hikma Pharmaceuticals slumped after a downgrade to 'underperform' at Jefferies. RBS was boosted by an upgrade to 'overweight' at Morgan Stanley, Standard Chartered was up after an upgrade to 'neutral at Redburn and Metro Bank rose after an upgrade to 'neutral' at Citi. |
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| Market Movers FTSE 100 (UKX) 7,738.43 0.10% FTSE 250 (MCX) 20,810.84 -0.31% techMARK (TASX) 3,532.74 -0.23% FTSE 100 - Risers Micro Focus International (MCRO) 2,276.00p 3.41% Royal Bank of Scotland Group (RBS) 286.90p 2.28% HSBC Holdings (HSBA) 781.30p 1.96% 3i Group (III) 929.80p 1.20% United Utilities Group (UU.) 790.20p 1.02% Standard Chartered (STAN) 800.00p 0.91% BAE Systems (BA.) 576.80p 0.63% Royal Dutch Shell 'A' (RDSA) 2,549.00p 0.55% Royal Dutch Shell 'B' (RDSB) 2,585.50p 0.54% Relx plc (REL) 1,702.50p 0.53% FTSE 100 - Fallers Taylor Wimpey (TW.) 202.60p -2.87% Whitbread (WTB) 3,859.00p -2.13% Persimmon (PSN) 2,666.00p -1.80% Just Eat (JE.) 779.20p -1.74% Pearson (PSON) 725.40p -1.73% Barratt Developments (BDEV) 633.80p -1.37% Berkeley Group Holdings (The) (BKG) 4,186.00p -1.27% GKN (GKN) 325.40p -1.21% Paddy Power Betfair (PPB) 8,695.00p -1.19% Worldpay Group (WPG) 442.00p -1.14% FTSE 250 - Risers Pagegroup (PAGE) 502.00p 6.63% Ted Baker (TED) 2,974.00p 5.36% Metro Bank (MTRO) 3,692.00p 4.12% Senior (SNR) 278.80p 3.95% Centamin (DI) (CEY) 158.42p 2.77% Spire Healthcare Group (SPI) 257.20p 1.42% BGEO Group (BGEO) 3,720.00p 1.42% CLS Holdings (CLI) 245.06p 1.26% TI Fluid Systems (TIFS) 241.00p 1.09% Dignity (DTY) 1,852.00p 0.98% FTSE 250 - Fallers Hikma Pharmaceuticals (HIK) 1,003.50p -6.65% IG Group Holdings (IGG) 741.08p -4.87% OneSavings Bank (OSB) 397.00p -4.34% Serco Group (SRP) 98.00p -4.02% Superdry (SDRY) 1,992.14p -2.35% QinetiQ Group (QQ.) 222.60p -1.94% Hastings Group Holdings (HSTG) 306.80p -1.92% RDI Reit (RDI) 36.00p -1.77% Bovis Homes Group (BVS) 1,154.00p -1.66% |
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| US Market Report | US close: Stocks notch fresh records as investors eye earnings season All three of Wall Street's main indices notched record closes on Tuesday as investors looked ahead to the start of earnings season. The Dow Jones Industrial Average rose 0.4% to 25,385.80, while the S&P 500 and the Nasdaq closed up 0.1% at 2,751.29 and 7,163.58, respectively. In bond markets, the benchmark 10-year US Treasury note rose 6.2 basis points to 2.542%, hitting its highest level since March 2014. Oanda analyst Craig Erlam said: "Equity markets in the US are trading at record highs and with high expectations for earnings season already baked in, there may be an element of caution among investors who will be eagerly anticipating the first batch of results." In corporate news, retailer Target was on the front foot after it posted better-than-expected sales for November and December and bumped up its earnings outlook for this year, while e-commerce company Alibaba nudged up after founder Jack Ma said he would consider a Hong Kong listing. Medical-device maker Boston Scientific surged after well-received preliminary fourth-quarter and full-year results, while Illumina rallied as it announced a commercial agreement with Thermo Fisher Scientific. Bucking the trend, Intel shares fell after chief executive Brian Krzanich delivered a speech at CES late on Monday in which he outlined advances in virtual reality and other technologies, but failed to take any blame for the recent security flaws recently detected in its chips. Under Armour was out of favour after analysts at Susquehanna cut the stock to 'negative'. On the data front, the National Federation of Independent Businesses' index of small business optimism fell to 104.9 in December from 107.5 the month before, missing expectations for a reading of 108.4. Meanwhile, the Fed's JOLTS survey revealed that the number of job openings in the States reached a six-month low in November of 5.88m. Looking ahead to the rest of the week, investors were watching out for consumer price inflation and retail sales figures for December due out on Friday. "At a time when questions are being asked about whether the Federal Reserve should be pursuing such aggressive tightening, these numbers are very important in determining whether such a move is warranted or should be halted," said Erlam. Speaking on Tuesday, Minneapolis Fed chief Neel Kashkari reiterated his dovish policy bias, telling an audience the main concern at present was that inflation was going to continue being low. |
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| Newspaper Round Up | Wednesday newspaper round-up: World Bank, Brexit, Shell, Amazon Financial markets are complacent about the risks of sharply higher interest rates that could be triggered by better than expected growth in the global economy this year, the World Bank has warned. The Washington-based organisation said that much of the rich west was running at full capacity as a result of a broad-based upswing in activity, but were now vulnerable to a period of rising inflation that would prompt action from central banks. – Guardian Philip Hammond and David Davis have made a direct appeal to German business leaders to help them forge a Brexit deal to secure the future of Britain's financial services. The chancellor and Brexit secretary travel to Germany on Wednesday on a charm offensive they hope will shift the EU's implacable opposition to services being included in a final deal. ?" Guardian Billionaire industrialist Sanjeev Gupta's spending spree shows no sign of letting up, after his offer for the largest aluminium producer in Europe was accepted by Rio Tinto. According to sources, the deal, which was first reported by Metal Bulletin, could be announced as early as tomorrow, although this may be delayed should any unforeseen circumstances occur. ?" Telegraph The growth of Amazon's streaming service has hit a plateau, according to an independent study, putting the second series of its big budget car show The Grand Tour under pressure to spark new interest. A report from Barb, the industry-backed broadcasting data authority, said that in the third quarter of last year Amazon's streaming service stopped growing at just shy of 4m subscribers. The figures, based on a regular major survey of households, cover a period prior to the return of The Grand Tour in December. - Telegraph Staff at Royal Dutch Shell have been charged with the theft of industrial volumes of diesel from the company's biggest refinery after raids in Singapore last weekend. The Anglo-Dutch oil major confirmed that eight present or former employees of Shell Eastern Petroleum, its Singaporean subsidiary, were among eleven men charged in connection with the alleged theft from its Pulau Bukom site. ?" The Times Its bricks and mortar charity shops have been a feature of the high street for decades, but Oxfam has shown that it can move with the times and embrace the internet. Sales at the Oxfam online shop jumped by 33 per cent in the Christmas trading period, as shoppers looked for gifts that help to fight poverty. ?" The Times | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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