Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Thursday, 01 February 2018 09:33:02 Monitor Quote Charts News CFD's Compare Brokers Free BB   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 edge higher as investors eye manufacturing data London stocks edged higher in early trade on Thursday, taking their cue from a positive session on Wall Street as investors mulled over the latest policy announcement from the Federal Reserve and awaited key UK manufacturing data. At 0850 GMT, the FTSE 100 was up 0.2% to 7,548.31, while the pound was up 0.4% versus the dollar at 1.4247 and 0.3% firmer against the euro at 1.1462. On Wednesday, the Federal Reserve left interest rates unchanged, as expected, but forecast higher inflation this year, signalling a move on benchmark rates at its next meeting in March. In her final policy meeting, Fed Chair Janet Yellen and the rest of the Federal Open Market Committee voted unanimously to leave the benchmark federal funds rate in a range of 1.25%-1.5%. "Inflation on a 12-month basis is expected to move up this year and to stabilize around the FOMC's 2% objective over the medium term," the FOMC said in a statement. Lee Wild, head of equity strategy at Interactive Investor, said: "Janet Yellen kept US rates steady at her final meeting as Fed chair last night, but Trump's tax cuts and a combination of economic growth, increased investment, low unemployment and rising wages will drive inflation to the Fed's 2% target. That will put pressure on new chair Jerome Powell to hike rates faster than the market would like, possibly four times this year rather than the three already priced in. The first of those is odds-on for March." On the UK data front, Markit's manufacturing purchasing managers' index is at 0930 GMT. In the meantime, investors digested the latest survey from Nationwide, which showed British house prices grew more than expected in January. Prices were up 3.2% on an annual basis compared to a 2.6% jump in December and beating expectations for a 2.5% increase. On the month, house prices were up 0.6%, in line with December but ahead of expectations for a 0.2% rise. In corporate news, Unilever rose after hitting its full-year growth targets following a strong fourth quarter where sales accelerated in the final quarter of the year thanks to volume growth. 3i Group racked up healthy gains as its net asset value per share of 701p for the nine months to the end of December beat analysts' expectations. Nex Group surged after saying that changes to the US tax system will see its effective tax rate drop to between 22% and 24% next year from 26% to 28%, as it posted a 3% rise in third-quarter revenue. Food producer Cranswick was also in the black as it said both total and like-for-like revenue in the third quarter were up on the previous year. On the downside, Shell gushed lower despite better-than-expected fourth-quarter earnings, while Vodafone was in the red as it said it was on track to meet forecasts for annual profit after trading in line with expectations for the third quarter. RPC Group retreated even as it reported a 31% jump in third-quarter revenue, while building materials supplier SIG was under pressure after saying its 2016 profit was overstated after a whistleblower revealed irregularities in its accounts. In broker note action, Relx was hit by a downgrade from Exane BNP Paribas, while Inchcape was lower as Barclays initiated coverage of the stock at 'underweight'. Superdry gained on the back of an initiation at 'overweight' by JPMorgan. Leeds City Centre Apartments Invest in the UK’s number 1 property hotspot Priced from just £124,995  Fully managed, 6.5% NET yields Only 33 Units available, Expected to sell out within weeks Find Out More Market Movers FTSE 100 (UKX) 7,548.31 0.20% FTSE 250 (MCX) 20,329.58 0.42% techMARK (TASX) 3,431.68 0.12% FTSE 100 - Risers 3i Group (III) 950.00p 2.00% Evraz (EVR) 378.60p 1.86% Kingfisher (KGF) 352.20p 1.50% BT Group (BT.A) 259.00p 1.39% United Utilities Group (UU.) 748.20p 1.38%3i BP (BP.) 507.40p 1.26% International Consolidated Airlines Group SA (CDI) (IAG) 648.05p 1.23% GKN (GKN) 427.80p 1.18% SEGRO (SGRO) 587.80p 1.10% Sage Group (SGE) 757.40p 1.09% FTSE 100 - Fallers Royal Dutch Shell 'B' (RDSB) 2,458.00p -1.52% Royal Dutch Shell 'A' (RDSA) 2,426.50p -1.46% Relx plc (REL) 1,542.00p -1.03% NMC Health (NMC) 3,308.00p -0.90% Fresnillo (FRES) 1,333.00p -0.82% Vodafone Group (VOD) 223.10p -0.67% Shire Plc (SHP) 3,307.00p -0.62% Informa (INF) 692.00p -0.60% Burberry Group (BRBY) 1,569.50p -0.60% Randgold Resources Ltd. (RRS) 7,044.00p -0.59% FTSE 250 - Risers Nex Group (NXG) 642.00p 8.26% TalkTalk Telecom Group (TALK) 123.70p 3.95% Cranswick (CWK) 3,046.00p 3.68% Ocado Group (OCDO) 515.60p 2.38% Millennium & Copthorne Hotels (MLC) 547.00p 2.24% CLS Holdings (CLI) 240.50p 2.12% Brown (N.) Group (BWNG) 205.40p 2.09% Ferrexpo (FXPO) 297.50p 1.99% Derwent London (DLN) 2,980.00p 1.85% Hunting (HTG) 624.00p 1.79% FTSE 250 - Fallers Dignity (DTY) 782.00p -4.52% RPC Group (RPC) 823.80p -3.20% Dechra Pharmaceuticals (DPH) 2,329.50p -2.94% Victrex plc (VCT) 2,482.00p -2.74% Vectura Group (VEC) 94.70p -2.67% Mitie Group (MTO) 173.20p -2.26% Inchcape (INCH) 709.00p -2.14% SIG (SHI) 159.20p -2.09% TI Fluid Systems (TIFS) 256.80p -1.98% 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. Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 IQE IQE plc 2.45 2 SMT Scottish Mortgage Investment Trust 1.84 3 BOO Boohoo.com 1.33 4 FEVR Fevertree Drinks plc 1.31 5 NG. National Grid 1.30 6 LGEN Legal & General Group plc 1.21 7 LLOY Lloyds Banking Group plc 1.13 8 IMB Imperial Brands Group 1.09 9 SOPH Sophos Group plc 1.05 10 SXX Sirius Minerals plc 0.95 Number of Deals Sold Place EPIC Equity name % 1 IQE IQE plc 2.75 2 LLOY Lloyds Banking Group plc 2.52 3 BARC Barclays plc 1.33 4 NG. National Grid 1.13 5 GSK GlaxoSmithKline plc 0.95 6 FEVR Fevertree Drinks plc 0.91 7 EZJ easyJet plc 0.91 8 BOO Boohoo.com 0.88 9 SXX Sirius Minerals plc 0.77 10 PRSM Blue Prism plc 0.76 Lifetime Royalties & Uncapped Returns – Find Out How To Invest Now Your invitation to invest in one of the greatest stories ever told, from the Renaissance man of rock’n’roll. The Quiet One is a feature documentary following the highs and lows of Bill Wyman.20% initial ROI for investors with uncapped profit share & lifetime royalties. Save 30% tax with no CGT. 2-3 year exit strategy available. Download your free brochure now. Cryptocurrencies Report Top Cryptocurrencies # Name Market Cap($) Price(%) Change Price Graph(3m) 1 Bitcoin (BTC) 190,773,058,196 9,863 -3.83% 2 Ethereum (ETH) 116,198,773,627 1,104.4 -1.26% 3 Ripple (XRP) 51,937,181,375 1.08 -5.28% 4 Bitcoin Cash / BCC (BCH) 28,488,145,957 1,417.4 -5.24% Atlantic Advisory - Share Tips of the Year 2018 Download Our Latest Report Here Losses can exceed deposits US Market Report US close: Shares slightly higher as Fed signals rate rise US shares closed in positive territory on Wednesday as the Federal Reserve left interest rates unchanged, but forecast higher inflation this year, signalling a possible move on benchmark rates at its next meeting in March. The Dow Jones Industrial Average, having been more than 250 points higher, slipped lower after the Fed announcement but rebounded slightly before the close to finish 72 points higher at 26,149. The S&P 500 was up 1.38% to 2,823 points and the Nasdaq rose 9 points to 7,411. The Dow was lifted by better-than-expected earnings from Boeing. Healthcare stocks spent another day in the sick bay after Tuesday's announcement from Amazon, JP Morgan and Berkshire Hathaway that they were joining forces to provide employee sickness benefits at lower cost. In her final policy meeting, Fed Chair Janet Yellen and the rest of the Federal Open Market Committee voted unanimously to leave the benchmark federal funds rate in a range of 1.25%-1.5%. "Inflation on a 12-month basis is expected to move up this year and to stabilize around the FOMC's 2% objective over the medium term," the FOMC said in a statement. Boeing announced on Wednesday that it was on track to deliver as many as 815 new commercial aircraft in 2018, almost 7% over the industry-record 763 it manufactured a year earlier. The firm forecast an operating cash flow for its current trading year of nearly $15bn, compared to the $13.34bn it collected in 2017, boosting earnings per share to $4.80 from $2.47. Shares in AT&T rose as the company's final quarter numbers beat forecasts, reporting net attributable income of $19bn , or $3.08 a share, in the quarter, compared with $2.4bn, or 39 cents a share, a year earlier. Facebook shares fell in after-market trading despite posting better-than-expected fourth quarter earnings but chief executive Mark Zuckerberg said a decision to host fewer viral videos "to make sure people's time is well spent" cut user time on the social media platform by roughly 50 million hours daily. Microsoft fell as the software giant reported a quarterly loss due to the recent tax cuts introduced by President Donald Trump. The company made a second-quarter loss of 82 cents a share against a profit of 80 cents a year earlier, including a net charge of $13.8bn related to the tax cuts. Revenue rose to $28.92bn from $28.28bn. With the non-farm payrolls report due at the end of the week, all eyes were on the latest ADP employment report, which showed private sector employment in the US grew in January. Employers added 234,000 jobs, beating expectations for a 185,000 increase. Meanwhile, private payrolls gains for December were revised down to 242,000 from 250,000. Meanwhile, the Chicago purchasing managers' index slipped less than expected in January. The PMI fell to 65.7 from a revised 67.8 in December, beating expectations for a reading of 64.1. Elsewhere, data from the National Association of Realtors showed US pending home sales rose 0.5% in December to a reading of 110.1, marking their highest level since March and surpassing expectations of a 0.4% increase. Dow Jones - Risers Boeing Co. (BA) $354.59 4.04% Microsoft Corp. (MSFT) $94.92 2.35% Nike Inc. (NKE) $68.29 1.47% United Technologies Corp. (UTX) $138.09 1.16% Travelers Company Inc. (TRV) $149.69 0.65% Exxon Mobil Corp. (XOM) $87.33 0.64% Visa Inc. (V) $124.22 0.54% Coca-Cola Co. (KO) $47.67 0.53% Unitedhealth Group Inc. (UNH) $237.53 0.37% Verizon Communications Inc. (VZ) $54.08 0.33% Dow Jones - Fallers Johnson & Johnson (JNJ) $138.85 -3.36% Walt Disney Co. (DIS) $108.90 -2.37% Chevron Corp. (CVX) $125.51 -2.31% International Business Machines Corp. (IBM) $163.61 -1.91% Home Depot Inc. (HD) $201.05 -1.89% Cisco Systems Inc. (CSCO) $41.46 -1.87% Merck & Co. Inc. (MRK) $59.54 -1.83% Goldman Sachs Group Inc. (GS) $267.86 -1.70% Pfizer Inc. (PFE) $37.20 -1.59% Intel Corp. (INTC) $48.10 -1.41% S&P 500 - Risers Pitney Bowes Inc. (PBI) $14.31 13.35% Harris Corp. (HRS) $158.98 8.01% Electronic Arts Inc. (EA) $127.00 6.99% Xerox Corp. (XRX) $34.40 5.20% Micron Technology Inc. (MU) $43.76 5.03% Thermo Fisher Scientific Inc. (TMO) $224.13 4.27% Boeing Co. (BA) $354.59 4.04% Stericycle Inc. (SRCL) $75.36 4.00% Equinix, Inc. (EQIX) $455.34 3.59% Activision Blizzard Inc. (ATVI) $74.14 3.53% S&P 500 - Fallers Harley-Davidson Inc. (HOG) $48.31 -12.62% Chesapeake Energy Corp. (CHK) $3.52 -9.41% Corning Inc. (GLW) $31.26 -8.73% Juniper Networks Inc. (JNPR) $26.23 -7.92% AbbVie Inc (ABBV) $112.67 -7.88% CIGNA Corp. (CI) $210.18 -6.13% Franklin Resources Inc. (BEN) $42.49 -5.83% CVS Health Corp (CVS) $78.92 -5.63% TEGNA Inc (TGNA) $14.50 -5.54% Ameriprise Financial Inc. (AMP) $168.71 -4.93% Nasdaq 100 - Risers Take-Two Interactive Software Inc. (TTWO) $126.79 7.17% Electronic Arts Inc. (EA) $127.00 6.99% Micron Technology Inc. (MU) $43.76 5.03% Activision Blizzard Inc. (ATVI) $74.14 3.53% American Airlines Group (AAL) $54.25 3.16% Broadcom Limited (AVGO) $248.15 2.98% Symantec Corp. (SYMC) $27.25 2.37% Western Digital Corp. (WDC) $89.13 2.35% Microsoft Corp. (MSFT) $94.92 2.35% Automatic Data Processing Inc. (ADP) $123.61 2.32% Nasdaq 100 - Fallers Twenty-First Century Fox Inc Class A (FOXA) $36.92 -4.02% Gilead Sciences Inc. (GILD) $83.82 -3.97% Illumina Inc. (ILMN) $231.89 -3.85% Twenty-First Century Fox Inc Class B (FOX) $36.49 -3.67% Wynn Resorts Ltd. (WYNN) $165.50 -3.44% Regeneron Pharmaceuticals Inc. (REGN) $366.73 -3.43% Align Technology Inc. (ALGN) $261.46 -3.19% Netflix Inc. (NFLX) $270.00 -3.16% Henry Schein Inc. (HSIC) $75.76 -2.96% 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 Thursday newspaper round-up: Facebook, Capita, Amazon Facebook’s profits soared 61%, spurred by growth in mobile users at the end of last year, the company announced on Wednesday, as co-founder Mark Zuckerbergsaid 2017 had been one of the company’s more difficult years as a public company. Zuckerberg has vowed to fix the issues at the social network, including concerns it was used as a platform for Russian meddling in the US elections. Facebook was also criticised over censorship and the addictive qualities of social media. – Guardian The London borough dubbed the "easyCouncil" for its reputation as one of the most extreme local authorities in Britain for outsourcing public services is to examine how it would handle the fallout should Capita follow the fate of Carillion. Conservative-run Barnet council, where Capita has contracts worth almost half a billion pounds that run for a decade ?" including for services such as funerals and food inspections ?" voted late on Tuesday to look at contingency plans in the event that Capita ran into financial distress. - Guardian Amazon has emerged as a booming source of international sales for small British businesses, with exports from British sellers increasing by a quarter last year. Exports across the web retailing giant's global empire from UK sellers increased to £2.3bn last year, up from £1.8bn a year ago, the company said. On Wednesday it announced a scheme to boost international sales. ?" Telegraph Two powerful committees of MPs have launched separate inquiries into protections for small businesses in the wake of the RBS Global Restructuring Group (GRG) scandal and the collapse of outsourcing giant Carillion. The Treasury select committee said its inquiry would try to learn the lessons from GRG ?" a turnaround unit of taxpayer-controlled RBS that mistreated more than 90pc of struggling firms transferred into it between 2008 and 2013. ?" Telegraph Banks across the European Union will face their toughest stress test yet to ensure that they can withstand huge potential shocks, including the impact of Britain's exit from the bloc. The European Banking Authority, the watchdog for banks operating in the EU, unveiled the scenarios yesterday against which 48 of the largest banks across the 28-member bloc will be tested. The results are due to be published by November. ?" The Times One of Morgan Stanley's top executives has warned the government that without clarity on its Brexit plans before Easter, the investment bank will begin making decisions that could lead to jobs being relocated from Britain. Colm Kelleher, Morgan Stanley's president, said that there was a "huge chasm" between the British and European Union negotiating positions and he gave the government two months to make clear what it planned to do. ?" 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