| | | | | | | 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. | | |
| | London Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London open: Stocks climb despite pound strength; GDP data eyed London stocks rose in early trade on Friday despite a rallying pound, taking their cue from a record close on Wall Street as investors eyed UK and US economic growth figures. At 0840 GMT, the FTSE 100 was up 0.4% to 7,644.20, after the Dow Jones and S&P 500 notched further record closes overnight. In currency markets, the greenback got a brief respite from its slide late on Thursday after US President Donald Trump said in an interview at the World Economic Forum in Davos that he expects the currency to get "stronger and stronger", adding: "Our country is becoming so economically strong again and strong in other ways, too." These comments helped to reverse the slide sparked by US Treasury Secretary Steven Mnuchin's comments on Wednesday, when he said at Davos that a weaker dollar is good for trade. The rally was short-lived, however, and by early Friday the dollar was back on its knees. The pound was up 0.6% at $1.4230 as Bank of England governor Mark Carney said he could see a "conscious re-coupling" between the UK and the booming world economy. Carney, along with the European Central Bank's bond-buying chief Benoit Coeure and Bank of Japan governor Haruhiko Kuroda, will be addressing the World Economic Forum later on Friday. The BoE boss, speaking on BBC radio early on Friday, said the UK has been "a bit of an outlier" in underperforming the booming global economy due to a "Brexit effect in the short - term" as companies were uncertain about the future. He added: "There is the prospect this year, as there is greater clarity about the relationship with Europe and subsequently with the rest of the word, for a recoupling ?" if I can use that term borrowed from Gwyneth Paltrow - a conscious re-coupling of the UK economy with the global economy." The main focus on the day's data calendar will be the preliminary fourth-quarter GDP figures for the UK at 0930 GMT and the US at 1330 GMT. British GDP is forecast to have grown at a 0.4% quarter-on-quarter clip in the fourth quarter of 2017, according to the consensus, with year-on-year growth to slow to 1.4% from 1.7%. As for US, the market is looking for GDP growth to ease to 3.0% from 3.2%. Investors will also be looking ahead to a speech by Trump in Davos, during which he is expected to outline his 'America First' policy. Spreadex analyst Connor Campbell said: "There's quite a lot for the markets to deal with this Friday. Not only does Trump address the Alpine masses this afternoon, there's also the release of the first glimpse at the UK and US Q4 GDP readings, a pair of figures that may either break the dollar's back or give it a much-needed glimmer of hope. Currently it looks more likely to be the former: UK number is expected to come in at 0.4%, the same as in the third quarter, while the US figure is expected to slip from 3.2% to 3.0% at the annualised rate." In corporate news, AstraZeneca rose after saying it found a statistically significant improvement in eight out of nine lung patients as it tested its 'PT010' combination drug delivered with a pressurised metered-dose inhaler in late-stage clinical trials. Spectris edged down after announcing the acquisition of Concept Life Sciences from Equistone Partners Europe and company management for £163m, on a debt and cash-free basis and met from existing cash and bank facilities. HICL Infrastructure slipped as it updated the market on its operations following the collapse of Carillion earlier in the month, reporting that its priority is the continuation of services to public sector clients and the users of the facilities at the affected PPP projects. Sports betting and gaming group GVC Holdings slumped as it said it has made a provision of around €200m in its 2017 financial accounts after its Greek subsidiary received a €186.77m tax bill for 2010 and 2011. The company, which pointed out that it was one of a number of online gaming operators that had been hit with a Greek tax bill, said it plans to appeal the assessment. Ladbrokes Coral and Rank Group were also under pressure. Precious metals miners Randgold Resources and Fresnillo lost their shine as gold and silver prices fell. On the broker note front, Goldman Sachs made some changes to its stance on utility and water stocks, upgrading National Grid to 'neutral' and initiated coverage of Severn Trent, United Utilities and Pennon at 'sell' and 'neutral', respectively. Meanwhile, building materials group CRH was lifted to 'neutral' by Exane BNP Paribas. |
| | 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. |
| | Market Movers FTSE 100 (UKX) 7,644.20 0.37%
FTSE 250 (MCX) 20,543.40 0.11%
techMARK (TASX) 3,461.19 0.43% FTSE 100 - Risers National Grid (NG.) 806.97p 1.43%
London Stock Exchange Group (LSE) 3,987.00p 1.40%
easyJet (EZJ) 1,673.50p 1.36%
Shire Plc (SHP) 3,409.50p 1.35%
Rolls-Royce Holdings (RR.) 853.40p 1.11%
Relx plc (REL) 1,574.00p 1.09%
Lloyds Banking Group (LLOY) 72.01p 1.07%
Burberry Group (BRBY) 1,619.50p 1.06%
CRH (CRH) 2,711.00p 1.04%
AstraZeneca (AZN) 5,050.66p 1.04% FTSE 100 - Fallers Randgold Resources Ltd. (RRS) 7,134.00p -0.89%
Fresnillo (FRES) 1,359.50p -0.80%
Smurfit Kappa Group (SKG) 2,520.00p -0.79%
Smith & Nephew (SN.) 1,286.00p -0.58%
Antofagasta (ANTO) 944.20p -0.40%
HSBC Holdings (HSBA) 765.90p -0.33%
WPP (WPP) 1,297.50p -0.31%
BP (BP.) 515.40p -0.25%
Hargreaves Lansdown (HL.) 1,901.50p -0.24%
Rentokil Initial (RTO) 293.20p -0.20% FTSE 250 - Risers RHI Magnesita N.V. (DI) (RHIM) 4,585.85p 2.16%
Dechra Pharmaceuticals (DPH) 2,290.00p 1.96%
RPC Group (RPC) 798.00p 1.76%
Man Group (EMG) 217.00p 1.64%
Diploma (DPLM) 1,195.05p 1.45%
Thomas Cook Group (TCG) 129.20p 1.33%
FirstGroup (FGP) 107.50p 1.32%
IG Group Holdings (IGG) 794.00p 1.28%
Pets at Home Group (PETS) 184.30p 1.26%
Paragon Banking Group (PAG) 510.50p 1.19% FTSE 250 - Fallers GVC Holdings (GVC) 905.50p -4.48%
Ladbrokes Coral Group (LCL) 166.00p -3.60%
Tullow Oil (TLW) 220.11p -2.17%
Vedanta Resources (VED) 864.20p -2.13%
Kaz Minerals (KAZ) 836.20p -1.74%
Acacia Mining (ACA) 193.00p -1.61%
Ocado Group (OCDO) 510.80p -1.58%
Aggreko (AGK) 801.40p -1.57%
Hochschild Mining (HOC) 229.90p -1.54% |
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| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Stocks open higher ahead of Trump Davos speech European shares opened slightly higher as investors awaited US President Donald Trump's speech to the Davos summit and the pound rose against the euro after comments from UK central bank chief Mark Carney. The pan-European Stoxx 600 was up 0.76 points to 399.3 at 0838 GMT. The pound shot up on Friday morning as Carney said he could see a "conscious re-coupling" between the UK and the booming world economy and defended his gloomy Brexit predictions. Sterling spiked on Friday morning, and by 0745 GMT was up 0.7% against the dollar at 1.4261, notching up highs not seen since before the Brexit referendum. The pound was up 0.1% versus the euro at 1.1420. Trump, due to address the Davos talkfest of the business elite on Friday, was expected to promote the booming post tax cut US economy as a place to trade with in his address to delegates. In corporate news, Financial technology firm Temenos Group led the Stoxx 600 risers. The company has been the suject of takeover rumours in recent days. Luxury goods maker LVMH was also in the black after delivering better-than-expected sales growth in the fourth quarter as it sales in China provided a lift. The French company said sales rose 11% between October and December on a like-for-like basis. Sector peer Christian Dior rose in Sympathy, with the shares up 2.7% in early trade. Shares in sports betting and gaming group GVC Holdings fell sharply after the company said it had made a provision of around €200m in its 2017 financial accounts after its Greek subsidiary received a €186.77m tax bill for 2010 and 2011. |
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Top of the stocks Number of Deals Bought Number of Deals Sold |
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| | Cryptocurrencies Report | | Top Cryptocurrencies | # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | | 1 |  | Bitcoin (BTC) | 182,152,075,311 | 10,492 | -5.91% |  | | 2 |  | Ethereum (ETH) | 99,871,116,234 | 1,006 | -3.83% |  | | 3 |  | Ripple (XRP) | 46,213,473,025 | 1.14 | -12.58% |  | | 4 |  | Bitcoin Cash / BCC (BCH) | 26,393,964,411 | 1,510.7 | -7.23% |  | |
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| | US Market Report | | US close: Dow, S&P notch record closes but stocks end off highs as dollar firms The Dow and S&P 500 notched record closes on Thursday, underpinned by solid earnings releases, but stocks ended off their highs as comments from President Trump helped to breathe some life back into the dollar. The Dow Jones Industrial Average rose 0.5% to 26,392.79 and the S&P 500 closed up 0.1% at 2,839.25, but the Nasdaq fell 0.1% to 7,411.16. The dollar was 0.1% firmer versus the euro at the close of US markets and 0.7% higher against the pound after Trump said in an interview at the World Economic Forum in Davos that he expects the greenback to get "stronger and stronger", adding: "Our country is becoming so economically strong again and strong in other ways, too." These comments helped to reverse the slide sparked by US Treasury Secretary Steven Mnuchin's comments on Wednesday, when he said at Davos that a weaker dollar is good for trade. Investors were also mulling the latest policy announcement from the European Central Bank, which left interest rates and its forward guidance unchanged, pledging to keep its asset purchases running until inflationary pressures pick up. The ECB made no change in terms of language or guidance, holding back from recent indications that it was preparing to tweak up the pace of policy tightening after the euro's recent surge to a three-year high. The key refinancing rate was left unchanged at 0.00%, as economists expected, as were the deposit facility rate, marginal lending facility rate and asset purchase target at -0.4%, 0.25% and €30bn respectively. Remarks by ECB chief Mario Draghi had pushed the euro past $1.25 earlier in the day as he pointed to growing confidence that inflation will reach its 2% target and appeared more relaxed about the currency's recent appreciation than many market participants expected. In corporate news, defence group Northrop Grumman rose after it posted better-than-expected quarterly sales and lifted its dividend, while Biogen gained after its fourth-quarter revenues and guidance for 2018 surpassed expectations. Kroger rallied following reports that it and Chinese e-commerce company Alibaba have had early talks about working together, while Post-it maker 3M racked up healthy gains as investors welcomed better-than-expected fourth-quarter numbers and an upbeat outlook for this year. Mining company Freeport McMoran rose after a fourth-quarter earnings beat, while Celgene ended up after the biopharmaceutical group's fourth-quarter profit surpassed forecasts. On the downside, Southwest Airlines flew lower despite its fourth-quarter profit coming ahead of forecasts, while Union Pacific retreated after its fourth-quarter earnings per share came in just shy of expectations. Caterpillar fell back despite the heavy duty equipment maker's quarterly profit beating forecasts again and Newell Brands tumbled as the consumer goods group said it's exploring some strategic options that could cut its customer base by half. Figures out earlier from the Labor Department showed the number of Americans filing for unemployment benefits rose last week. US initial jobless claims increased by 17,000 from the previous week's revised average to 233,000 versus economists' expectations for an increase to 240,000 .The previous week's average was revised down by 4,000 to 216,000. Meanwhile, the four-week moving average fell by 3,500 from the previous week's average, which was revised down by 1,000 from by 244,500. Elsewhere, figures from the Commerce Department showed that US new home sales fell in December compared to the previous month. Purchases of newly built single-family homes fell by 9.3% to a seasonally-adjusted annual rate of 625,000, below the 679,000 expected. |
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| | Newspaper Round Up | | Friday newspaper round-up: cryptocurrencies, fracking, Brexit, GKN The Nobel prize-winning economist Robert Shiller has said bitcoin will not be a “permanent feature” of the financial world, as politicians indicated that a clampdown on cryptocurrencies was coming. Speaking at the World Economic Forum in Davos on Thursday, Shiller hailed bitcoin as a “really clever idea”. But although he was impressed with the technology behind it, he was concerned that it had “gone viral as a currency”. – Guardian Fracking companies must undergo financial health checks if they want to win a green light for their operations, the business secretary has said, as the industry faces another barrier to exploration in the UK. The decision comes after a Barclays-backed company hoping to be the first to frack in the UK for seven years suffered a blow when the business secretary, Greg Clark, said he was withholding consent because of the state of its accounts. ?" Guardian City veteran Dame Helena Morrissey is organising a rival event to raise funds for the charities that were forced to turn down donations from this year's scandal-hit Presidents Club dinner. Dame Helena, the head of personal investing at Legal & General Investment Management, said she was working with colleagues across the City to stage a dinner with a 50-50 gender split in attendance, as opposed to the all-male guest list at the Presidents Club. ?" Telegraph Theresa May has rebuked Philip Hammond after he triggered a furious Cabinet row after making a dramatic public call for a soft Brexit. The Chancellor used a speech in Davos, Switzerland, to say that there would only be "very modest" changes to relations between the EU and the UK after Brexit. ?" Telegraph Doubts are being raised about the scale of the shortfall in GKN's pension funds amid questions over whether it could become a "poison pill" in the £7.4 billion hostile takeover of the FTSE 100 engineering giant. Questions have been asked in the City about the relationship between GKN and trustees of its £4 billion retirement schemes, and it has now emerged that GKN directors believe that the schemes' deficits could be less than half the £1.1 billion that has been claimed. ?" The Times They're calling it the casual dining crunch. As soaring labour costs, business rates, rent and food inflation take an ever bigger bite out of restaurant takings, so more and more operators are resorting to painful restructurings to ensure they live to serve another meal. In the past two weeks alone, Byron, the posh burger chain beloved of George Osborne, and Jamie Oliver's Jamie's Italian brand have both resorted to company voluntary arrangements ?" an insolvency process ?" to keep themselves afloat, and all eyes are now on whether Prezzo, widely tipped as the next restructuring candidate, can make it through the crunch. ?" The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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