Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Monday, 22 January 2018 10:33:47 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 open: Stocks flat amid US government shutdown; bookies drop London stocks were flat in early trade on Monday as investors mulled the US government shutdown and sifted through a raft of corporate news, with bookmakers under pressure. At 0840 GMT, the FTSE 100 was steady at 7,732.99, while the pound was up 0.3% versus the dollar at 1.3892 and 0.1% firmer against the euro at 1.1349. Spreadex analyst Connor Campbell said: "A barebones economic calendar, with only the start of the Davos meeting to tide investors over, led to a muted open this Monday. "It's an inauspicious start to what is actually a very packed week, one that not only brings the alpine political moving and shaking of the World Economic Forum, but an ECB get-together that the euro will be hoping builds on December's hawkish meeting minutes, the latest UK jobs report and, on Friday, the first glimpse at the UK and US Q4 GDP readings." 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 end the shutdown postponed until 1700 GMT on Monday, many federal government offices will remain shut. 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. GKN was a touch lower. 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 a previous forecasts of £200m. Going the other way, 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. Smiths Group edged up as it has agreed to sell its John Crane's Bearings business to private Austrian company Miba AG for an enterprise value of $35m. 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 was on the front foot 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. Kier Group advanced after saying it has taken over the HS2 and Highways England smart motorway projects from collapsed Carillion and announcing other contract wins. Computacenter also gained 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 Market Movers FTSE 100 (UKX) 7,732.99 0.03% FTSE 250 (MCX) 20,634.33 -0.09% techMARK (TASX) 3,520.24 0.11% FTSE 100 - Risers Shire Plc (SHP) 3,520.50p 1.72% NMC Health (NMC) 3,316.00p 1.10% Barclays (BARC) 202.25p 0.87% Marks & Spencer Group (MKS) 305.80p 0.59% Pearson (PSON) 692.00p 0.58% Burberry Group (BRBY) 1,605.50p 0.56% Compass Group (CPG) 1,535.50p 0.56% Kingfisher (KGF) 337.90p 0.54% TUI AG Reg Shs (DI) (TUI) 1,639.00p 0.46% BP (BP.) 512.00p 0.41% FTSE 100 - Fallers Relx plc (REL) 1,589.75p -3.45% Paddy Power Betfair (PPB) 8,235.00p -2.54% Carnival (CCL) 4,916.70p -1.17% Rentokil Initial (RTO) 313.10p -0.95% Micro Focus International (MCRO) 2,136.00p -0.84% Rolls-Royce Holdings (RR.) 885.60p -0.81% London Stock Exchange Group (LSE) 3,723.00p -0.75% Whitbread (WTB) 3,976.00p -0.72% BHP Billiton (BLT) 1,603.80p -0.62% HSBC Holdings (HSBA) 783.70p -0.60% FTSE 250 - Risers Ocado Group (OCDO) 453.10p 9.71% Indivior (INDV) 430.02p 7.24% Dignity (DTY) 1,000.00p 3.95% Aveva Group (AVV) 3,008.00p 3.65% Pagegroup (PAGE) 550.00p 3.38% Vietnam Enterprise Investments (DI) (VEIL) 485.00p 2.32% CLS Holdings (CLI) 239.50p 1.91% TI Fluid Systems (TIFS) 259.80p 1.88% Kier Group (KIE) 1,012.00p 1.81% Convatec Group (CTEC) 190.30p 1.76% FTSE 250 - Fallers William Hill (WMH) 292.00p -13.17% Ladbrokes Coral Group (LCL) 159.40p -12.63% GVC Holdings (GVC) 891.10p -5.00% IMI (IMI) 1,372.00p -2.49% CYBG (CYBG) 325.80p -2.46% Hochschild Mining (HOC) 240.50p -1.80% Cobham (COB) 133.20p -1.66% TalkTalk Telecom Group (TALK) 135.91p -1.38% Moneysupermarket.com Group (MONY) 340.90p -1.30% 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) 198,765,220,287 11,850.91 +3.15% 2 Ethereum (ETH) 104,487,366,736 1,085.47 +5.02% 3 Ripple (XRP) 54,041,104,221 1.4 +2.5% 4 Bitcoin Cash / BCC (BCH) 30,146,444,703 1,790.72 +1.2% Atlantic Advisory - Share Tips of the Year 2018 Download Our Latest Report Here Losses can exceed deposits US Market Report US close: Banks, bond yields continue pushing higher Wall Street's main market gauges finished higher, with investors apparently brushing off concerns about a possible government shutdown ahead of a key Senate vote. At the closing bell, the Dow Jones Industrial Average was higher by 0.21% or 53.91 points to 26,071.72, alongside a gain of 0.44% or 12.27 points in the S&P 500 to 2,810.30 and an advance of 0.55% or 40.33 points for the Nasdaq Composite to 7,336.38. From a sector standpoint, the best performing areas of the market were: Footwear (4.45%), Non-ferrous metals (2.89%), Tobacco (2.72%), Tires (2.42%) and Hotels (2.34%). Lenders shares also put in another solid performance, with the KBW index of banking stocks jumping 1.22% to 114.14, amid an advance in both two and 10-year Treasury note yields. Overnight, the House of Representatives had voted 230-197 to pass a one-month spending bill, but worries were that it could yet be derailed if there was enough opposition in the Senate. IG analyst Joshua Mahony said: "Tensions are rising amid a potential government shutdown in the US, with the senate failing to even schedule a vote, let alone pass a vote to stave off another shutdown. Despite a proposition from the House to provide a stopgap solution, there is clear opposition from the Democrats in the Senate, with the immigration policy DACA at the centre of the fight. With an agreement needed by midnight, there is a real possibility that we will see a shutdown, helping drive the US dollar lower once more." However, as Dr.Harm Bandholz at UniCredit Research pointed out, the impact on the economy would be "very limited" and while embarassing for the US, financial markets would likely not be perturbed by another display of Washington's dysfunctionality, said Dr.Bandholz. Significantly, recent poll results had revealed broad support among Americans for young immigrants under the aegis of the DACA programme, meaning Democrats were likely to be more than happy to play 'hardball' over the issue. Polls conducted by CBS and Quinnipiac over the last few days had shown 87% and 73% of Americans, respectively, in support of DACA. Economic news was light on the ground at the end of the week, with only a preliminary reading on US consumer confidence in January due out. In the event, the University of Michigan's headline consumer confidence index for January slipped from 95.9 at the end of December to 94.4 for the start of January. Economists had projected a reading of 97.0. Richard Curtin, the survey's chief economist, highlighted the persistent strength in survey measures of personal finances and buying plans. Nonetheless, "favorable levels of buying conditions for household durables have receded to preholiday levels in early January, largely due to less attractive pricing," he said. On the corporate front, IBM was under the cosh after reporting a fourth-quarter loss late on Thursday on the back of a one-off $5bn charge from the new US tax system. American Express was also in focus after posting its first quarterly loss in more than a quarter-century and saying it would suspend its share buybacks. Schlumberger was also seeing an active day after the oilfield services company's fourth-quarter adjusted profit and revenue beat analysts' expectations. Dow Jones - Risers Nike Inc. (NKE) $67.21 4.84% Goldman Sachs Group Inc. (GS) $256.12 2.05% Home Depot Inc. (HD) $201.33 1.51% Procter & Gamble Co. (PG) $91.07 0.99% United Technologies Corp. (UTX) $135.89 0.96% Caterpillar Inc. (CAT) $170.32 0.94% 3M Co. (MMM) $248.18 0.92% McDonald's Corp. (MCD) $176.12 0.89% Intel Corp. (INTC) $44.82 0.76% Verizon Communications Inc. (VZ) $51.91 0.70% Dow Jones - Fallers International Business Machines Corp. (IBM) $162.37 -3.99% General Electric Co. (GE) $16.26 -3.04% American Express Co. (AXP) $98.03 -1.83% Boeing Co. (BA) $337.73 -0.71% Apple Inc. (AAPL) $178.46 -0.45% Visa Inc. (V) $122.70 -0.33% Exxon Mobil Corp. (XOM) $87.14 -0.32% JP Morgan Chase & Co. (JPM) $113.01 -0.22% Chevron Corp. (CVX) $131.29 -0.22% Pfizer Inc. (PFE) $36.94 -0.14% S&P 500 - Risers Frontier Communications Co. (FTR) $7.77 7.77% Mattel Inc. (MAT) $16.14 5.98% Tenet Healthcare Corp. (THC) $17.24 5.90% Hanesbrands Inc. (HBI) $23.20 5.45% Nike Inc. (NKE) $67.21 4.84% AutoNation Inc. (AN) $58.93 4.43% Kohls Corp. (KSS) $67.54 4.15% Under Armour Inc. Class A (UAA) $14.20 3.72% Philip Morris International Inc. (PM) $108.92 3.66% Lowe's Companies Inc. (LOW) $104.95 3.54% S&P 500 - Fallers International Business Machines Corp. (IBM) $162.37 -3.99% CBS Corp. (CBS) $57.76 -3.75% McCormick & Co. (MKC) $99.19 -3.61% Endo International Plc (ENDP) $7.11 -3.27% Qorvo, Inc. (QRVO) $68.40 -3.25% General Electric Co. (GE) $16.26 -3.04% Skyworks Solutions Inc. (SWKS) $99.20 -3.02% Micron Technology Inc. (MU) $42.75 -2.82% Range Resources Corp. (RRC) $16.08 -2.37% Hess Corp. (HES) $52.61 -2.28% Nasdaq 100 - Risers Ross Stores Inc. (ROST) $83.76 2.58% Nvidia Corp. (NVDA) $230.11 2.53% O'Reilly Automotive Inc. (ORLY) $273.02 2.51% Autodesk Inc. (ADSK) $115.29 2.43% Sirius XM Holdings Inc (SIRI) $5.60 2.38% Wynn Resorts Ltd. (WYNN) $179.64 2.37% Hasbro Inc (HAS) $92.56 2.25% Marriott International - Class A (MAR) $144.07 2.08% Intuit Inc. (INTU) $167.74 2.03% Henry Schein Inc. (HSIC) $75.96 1.80% Nasdaq 100 - Fallers Skyworks Solutions Inc. (SWKS) $99.20 -3.02% Micron Technology Inc. (MU) $42.75 -2.82% Ctrip.Com International Ltd. Ads (CTRP) $46.85 -1.26% Broadcom Limited (AVGO) $266.39 -1.26% Analog Devices Inc. (ADI) $96.14 -1.13% CSX Corp. (CSX) $57.49 -0.96% Western Digital Corp. (WDC) $85.60 -0.93% Hologic Inc. (HOLX) $43.46 -0.89% Priceline Group Inc (PCLN) $1,910.21 -0.86% 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 Monday newspaper round-up: Carillion, EI Group, Softbank, Dignity The development charity Oxfam has called for action to tackle the growing gap between rich and poor as it launched a new report showing that 42 people hold as much wealth as the 3.7 billion who make up the poorest half of the world’s population. In a report published on Monday to coincide with the gathering of some of the world’s richest people at the World Economic Forum in Davos, Oxfam said billionaires had been created at a record rate of one every two days over the past 12 months, at a time when the bottom 50% of the world’s population had seen no increase in wealth. It added that 82% of the global wealth generated in 2017 went to the most wealthy 1%. – Guardian Labour has warned that the crown representatives who are supposed to police public sector suppliers such as the failed construction company Carillion face potential conflicts of interest, as its own research showed that several hold external directorships and one is a Tory donor. A dossier produced by the party showed that the former admiral Sir Robert Walmsley, who is responsible to the taxpayer for monitoring the outsourcing multinational Serco, also sits on the board as senior independent director of two defence contractors, Ultra Electronics and Cohort plc. ?" Guardian The UK's economic growth potential held firm in the first year following the Brexit vote and could climb the global rankings in the years ahead, thanks in part to backing for emerging technologies such as Artificial Intelligence (AI). The accountant KPMG's annual survey of global growth potential has ranked Britain 13th on its growth potential indicator, ahead of Germany which dropped two places to 14th place and France which failed to make the top 20 league table. ?" Telegraph One of the UK's largest pub companies is poised to launch a High Court challenge against the industry regulator, which could have major ramifications for thousands of tied tenants. EI Group, previously known as ­Enterprise Inns, has moved to try to overturn a decision against it by the Pubs Code Adjudicator, which ruled that a contract it has offered one of its tenants does not comply with new regulations. ?" Telegraph Bankers are scrambling to attract an $18 billion telecoms flotation to London amid hopes that the deal could generate a bonanza in advisory fees. Softbank Group, the Japanese technology conglomerate, is considering the sale of 30 per cent of the shares in Softbank Corp, a subsidiary that is Japan's third-biggest mobile phone operator, in an initial public offering. ?" The Times Bosses at Dignity sold millions of pounds of shares before the funeral provider issued a profit warning that halved the company's value. About £14 million of shares were sold in 16 transactions between March 2016 and September 2017, according to an analysis of management dealings. ?" 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