Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Monday, 12 February 2018 10:36:18 Monitor Quote Charts News CFD's Compare Brokers Free BB   Looking for early access to investment opportunities? Make your own informed investment decisions. Get the right tools and information at Master Investor Show 2018. Register for free today London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks in the black after Wall Street rally London stocks advanced in early trade on Monday following a positive session in Asia and a late bounce-back on Wall Street at the end of last week, although worries remained about rising inflation and higher interest rates. At 0840 GMT, the FTSE 100 was up 1.1% to 7,167.90, while the pound was up 0.1% against the dollar to 1.3842 and flat versus the euro at 1.1285. London Capital Group analyst Jasper Lawler said: “Calmer winds were blowing across markets on Monday after last week’s typhoon. The calm in European share markets follows a less volatile session in Asia." He added: "There has been a cross-asset rebound off the lows with stocks, crude oil and currencies like the pound and euro all seeing gains. Still, investors will be aware the calm probably won’t last. A lack of clear catalysts from the earnings or economic calendar on Monday could be a mixed blessing if a bout of irrational selling returns.” Market participants were mulling over the latest retail figures from Springboard/The British Retail Consortium, which showed footfall fell 1.6% in January, marking the worst outcome for the first month of the year since 2013, as customer numbers dropped 1.9%. In addition, data from Visa showed that consumer spending was down 1.2% last month, marking the first January drop in five years. On Tuesday, investors will be looking to the release of the latest UK inflation figures. In corporate news, Barclays was higher as investors shrugged off news that its core banking business was being charged by the Serious Fraud Office over its fundraising deal with Qatar at the height of the financial crisis, adding to the charge already brought against the parent holding company and four former executives. Wood Group rallied after saying it had won a new multi-million dollar, five-year contract to provide engineering and project management services on Saudi Aramco's Marjan oil field. FTSE 250 over-50s travel and insurance group Saga advanced after saying that it has signed a new reinsurance agreement with NewRe and Hannover Re and that trading continues to be in line with the guidance given in December 2017. Euromoney was up after saying it sold its Global Marketa Intelligence unit for $180.5m in cash to a consortium. Waste management company Renewi rose after saying that full-year trading would be in line with expectations following a positive second half. BGEO gained as it said its board has approved the demerger announced last July and that its investment business, Georgia Capital, plans to increase its stake in Bank of Georgia to 19.9%, up from the previously announced 9.9%. Acacia Mining slid as it scrapped its dividend and reported a drop in full-year earnings as it took a hit from an export ban by the Tanzanian government. In broker note action, BP was boosted by an upgrade to ‘buy’ at Societe Generale, while Victrex racked up strong gains after a double upgrade to ‘buy’ at Bank of America Merrill Lynch. Cineworld was higher after an upgrade to ‘buy’ at Peel Huntand Evraz gained on the back of an upgrade to ‘buy’ at Goldman Sachs. Moneysupermarket ticked down as it was cut to ‘sector perform’ by RBC Capital Markets, while RELX nudged lower after a downgrade to ‘equalweight’ at Barclays.   Market Movers FTSE 100 (UKX) 7,167.90 1.06% FTSE 250 (MCX) 19,412.59 1.02% techMARK (TASX) 3,250.94 0.74% FTSE 100 - Risers Evraz (EVR) 350.90p 5.34% NMC Health (NMC) 3,200.00p 2.89% Royal Bank of Scotland Group (RBS) 280.90p 2.33% Rio Tinto (RIO) 3,875.50p 2.30% Scottish Mortgage Inv Trust (SMT) 437.00p 2.10% Rolls-Royce Holdings (RR.) 830.40p 2.01% Legal & General Group (LGEN) 254.39p 1.96% Admiral Group (ADM) 1,888.00p 1.92% Ashtead Group (AHT) 1,999.50p 1.89% Standard Life Aberdeen (SLA) 392.50p 1.84% FTSE 100 - Fallers Just Eat (JE.) 803.40p -0.42% Relx plc (REL) 1,478.50p -0.24% Micro Focus International (MCRO) 2,003.00p -0.15% Diageo (DGE) 2,441.00p 0.14% Mediclinic International (MDC) 568.20p 0.21% Severn Trent (SVT) 1,824.40p 0.21% National Grid (NG.) 751.20p 0.23% Sky (SKY) 1,049.50p 0.24% Unilever (ULVR) 3,792.50p 0.25% Fresnillo (FRES) 1,242.00p 0.32% FTSE 250 - Risers Victrex plc (VCT) 2,534.00p 4.54% Kaz Minerals (KAZ) 789.20p 3.11% Fisher (James) & Sons (FSJ) 1,428.00p 3.03% Vedanta Resources (VED) 721.62p 2.88% Ashmore Group (ASHM) 397.60p 2.85% Vietnam Enterprise Investments (DI) (VEIL) 470.00p 2.62% Wizz Air Holdings (WIZZ) 3,292.00p 2.62% Saga (SAGA) 114.70p 2.59% Tullow Oil (TLW) 180.00p 2.59% Murray International Trust (MYI) 1,196.00p 2.57% FTSE 250 - Fallers Acacia Mining (ACA) 165.27p -3.86% Purecircle Limited (DI) (PURE) 419.50p -0.83% Ocado Group (OCDO) 460.00p -0.54% Babcock International Group (BAB) 643.40p -0.46% NewRiver REIT (NRR) 295.31p -0.40% Pennon Group (PNN) 647.20p -0.37% RHI Magnesita N.V. (DI) (RHIM) 4,225.00p -0.35% Moneysupermarket.com Group (MONY) 318.90p -0.34% Stobart Group Ltd. (STOB) 259.80p -0.27% Britvic (BVIC) 668.28p -0.26% Atlantic Advisory - Share Tips of the Year 2018 Download Our Latest Report Here Losses can exceed deposits Cryptocurrencies Report Top Cryptocurrencies # Name Market Cap($) Price(%) Change Price Graph(3m) 1 Bitcoin (BTC) 148,625,958,000 8,730.42 +11.12% 2 Ethereum (ETH) 84,998,910,899 860.99 +10.05% 3 Ripple (XRP) 42,720,942,725 1.05 +16.42% 4 Bitcoin Cash / BCC (BCH) 21,990,478,770 1,279 +7.27% 5 Cardano (ADA) 10,132,713,999 0.37586 +7.76% 6 Litecoin (LTC) 8,889,528,292 160.66 +13.28% Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 LLOY Lloyds Banking Group plc 2.67 2 SMT Scottish Mortgage Investment Trust 2.60 3 BP. BP Plc 2.52 4 GSK GlaxoSmithKline plc 1.96 5 LGEN Legal & General Group plc 1.77 6 RDSB Royal Dutch Shell Plc B Shares 1.53 7 CPI Capita plc 1.48 8 VOD Vodafone Group plc 1.45 9 SOPH Sophos Group plc 1.33 10 NG. National Grid 1.14 Number of Deals Sold Place EPIC Equity name % 1 SMT Scottish Mortgage Investment Trust 1.68 2 LLOY Lloyds Banking Group plc 1.57 3 IQE IQE plc 1.34 4 RMG Royal Mail PLC 1.21 5 CPI Capita plc 1.09 6 GSK GlaxoSmithKline plc 0.95 7 SOPH Sophos Group plc 0.92 8 RDSB Royal Dutch Shell Plc B Shares 0.80 9 PFC Petrofac 0.77 10 BOO Boohoo.com 0.76 US Market Report US close: Stocks end well off their intra-day lows Stocks finished in the black in another volatile session, albeit less so than on Thursday, with some traders looking out to the following week's release of consumer price data for January as a potentially key event. Analysts at both Deutsche Bank and Bank of America-Merrill Lynch noted the potential importance for financial markets of the next set of CPI figures due out on 14 February. In a research note sent to clients, the latter pointed out how: "Markets stop panicking when central banks start panicking...Fed has become "buyer of [volatility]" [...] markets stop panicking when central banks start panicking"...late-cycle crash/correction in 1987, 1998, 2016 all arrested by policy actions." 2,540 on the S&P 500 and 3.0% yields on the benchmark 10-year US Treasury would likely represent "good entry points in coming weeks", they added. Nonetheless, in a separate note they wrote: "Stress-testing the Fed: The US equity market is seemingly waking up to the idea that we are in a higher rate environment amid rising inflation and steady Fed hikes. "The equity market sell-off thus far does not alter our outlook for the US economy or monetary policy. However, if it turns into a sustained and broad-based deterioration of financial conditions, it would be a cause of concern." Against that backdrop, by the closing bell, the Dow Jones Industrial Average had receovered from its intraday lows of 23,373.22, and added 1.38% to 24,190.90, alongside 1.49% rise for the S&P 500 to 2,619.55 and an advance of 1.44% for the Nasdaq Composite to 6,874.49. Meanwhile, the Chicago Board of Options Exchange's VIX volatility index had retreated from an intra-day high of 41.06 and down by 13.15% at 29.06. On Thursday, stocks in the US tumbled again as worries about rising inflation and higher interest rates continued to plague investors. The Dow ended down 1,033 points, while the S&P 500 fell 101 points and the Nasdaq sank 275 points. Investors were also digesting news that US lawmakers voted to pass a two-year budget that will boost government spending by $300bn. The US government officially shut down for the second time this year earlier as Congress had failed to meet the midnight on Thursday deadline to vote on the new budget. However, with the measures now passed by both the Senate and the House, the shutdown could end before the working day begins. In corporate news, FedEx and UPS took a beating following reports that Amazon was preparing to launch a delivery service for businesses that would pit it against the two companies. Teva Pharmaceuticals stock dipped after it warned that 2018 results would be weaker-than-expected this year despite aggressive cost-cutting. Sharpie pens maker Newell Brands was also in focus, after saying that activist investors Starboard Value LP and Opportunity Master Fund were looking to nominate 10 directors to its board. Elsewhere, shares in GrubHub slid despite the company announcing a partnership with Yum Brands a day earlier. Dow Jones - Risers American Express Co. (AXP) $91.72 3.83% Microsoft Corp. (MSFT) $88.18 3.73% General Electric Co. (GE) $14.94 3.39% Intel Corp. (INTC) $43.95 2.81% Caterpillar Inc. (CAT) $149.23 2.21% Cisco Systems Inc. (CSCO) $39.53 1.96% Dowdupont Inc. (DWDP) $69.49 1.86% Walt Disney Co. (DIS) $103.09 1.72% Home Depot Inc. (HD) $184.12 1.60% International Business Machines Corp. (IBM) $149.51 1.30% Dow Jones - Fallers United Technologies Corp. (UTX) $125.03 -5.26% Travelers Company Inc. (TRV) $137.08 -3.56% 3M Co. (MMM) $225.20 -3.43% Walmart Inc. (WMT) $99.35 -3.38% Coca-Cola Co. (KO) $43.13 -3.21% McDonald's Corp. (MCD) $160.79 -2.96% Visa Inc. (V) $116.32 -2.78% JP Morgan Chase & Co. (JPM) $110.04 -2.51% Procter & Gamble Co. (PG) $79.95 -2.35% Pfizer Inc. (PFE) $34.16 -2.34% S&P 500 - Risers Mattel Inc. (MAT) $17.27 7.94% Nvidia Corp. (NVDA) $232.08 6.69% Dollar Tree Inc (DLTR) $107.62 5.95% Urban Outfitters Inc. (URBN) $34.24 5.78% Ameren Corp. (AEE) $55.42 5.38% Applied Materials Inc. (AMAT) $48.08 5.09% Kellogg Co. (K) $67.33 4.86% Essex Prty Trust Inc. (ESS) $228.34 4.43% Regeneron Pharmaceuticals Inc. (REGN) $335.85 4.27% Host Hotels & Resorts Inc. (HST) $19.52 4.11% S&P 500 - Fallers Expedia Inc. (EXPE) $104.00 -15.47% Teradata Corp. (TDC) $35.00 -12.72% Newfield Exploration Co (NFX) $25.98 -8.94% Murphy Oil Corp. (MUR) $26.33 -6.86% Mohawk Inds Inc. (MHK) $249.45 -6.80% Synchrony Financial (SYF) $35.04 -6.59% Schlumberger Ltd. (SLB) $65.19 -6.54% Owens-Illinois Inc. (OI) $21.08 -6.52% Pioneer Natural Resources Co. (PXD) $165.06 -6.33% Newell Brands Inc (NWL) $27.61 -6.28% Nasdaq 100 - Risers Nvidia Corp. (NVDA) $232.08 6.69% Dollar Tree Inc (DLTR) $107.62 5.95% Applied Materials Inc. (AMAT) $48.08 5.09% Take-Two Interactive Software Inc. (TTWO) $108.45 4.77% Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $218.55 4.52% Regeneron Pharmaceuticals Inc. (REGN) $335.85 4.27% Maxim Integrated Products Inc. (MXIM) $57.95 4.23% Xilinx Inc. (XLNX) $65.38 4.08% Align Technology Inc. (ALGN) $229.37 3.92% Alphabet Inc. Class A (GOOGL) $1,046.27 3.83% Nasdaq 100 - Fallers Expedia Inc. (EXPE) $104.00 -15.47% Mercadolibre Inc. (MELI) $335.86 -2.74% Hologic Inc. (HOLX) $37.75 -2.71% Priceline Group Inc (PCLN) $1,765.00 -2.27% Express Scripts Holding Co (ESRX) $71.71 -2.24% Biomarin Pharmaceutical Inc. (BMRN) $80.33 -2.23% Wynn Resorts Ltd. (WYNN) $166.22 -1.81% Ctrip.Com International Ltd. Ads (CTRP) $43.84 -1.77% Tesla Inc (TSLA) $310.42 -1.53% Mondelez International Inc. (MDLZ) $42.14 -1.27% Looking for early access to investment opportunities? Make your own informed investment decisions. Get the right tools and information at Master Investor Show 2018. Register for free today Newspaper Round-up Monday newspaper round-up: Aldi, Warren Evans, Tesco, Lloyds Discount grocer Aldi has taken over from upmarket rival Waitrose as Britain’s favourite supermarket according to an influential shopper survey. The fast-growing German discounter has impressed shoppers with the quality of its fresh and own-label food as well as its special offers, according to the annual best and worst supermarket satisfaction survey by Which?. – Guardian Staff at the ethical bedmaker Warren Evans will be hoping to learn more about their fate this week as administrators continue to seek a buyer for the London-based firm. The company, which employs 287 staff and has 14 showrooms across the capital and the south-east, appointed administrators Duff & Phelps late last week, despite claiming strong pre-Christmas sales. – Guardian A rumoured plan by Tesco, the supermarket giant, to create a low-cost store to rival Aldi and Lidl could prove as disastrous as Sainsbury’s attempt to revive Netto, the ditched discounter brand, City analysts have warned. An entry into the low-cost supermarket war would be “very late in the day” but Tesco could use the Booker deal to spearhead its attempt to fend off the German discounters, retail expert Nick Bubb said. – Telegraph The UK’s space industry has called on the Government to set up a national programme under its industrial strategy to boost business. Companies in Britain’s £14bn a year space industry are pushing hard for the programme to form a key plank of the sector deal, which could be announced as soon as next month. – Telegraph Fears over the economy have been laid bare by research which reveals that consumer spending has hit a five-year low. Household spending fell by 1.2 per cent in January compared with 12 months ago, according to research by Visa, the payments business. It is the first time that there has been a decline at this time of year since 2013. – The Times Lloyds Banking Group could be set to deliver a heavy blow to Standard Life Aberdeen by announcing the withdrawal of £100 billion of funds. It had agreed to keep the funds, controlled by its Scottish Widows insurance and investment unit, with the asset manager for six months after the merger of Standard Life and Aberdeen Asset Management was completed in August. That period ends on Wednesday. – The Times 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. 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