Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Wednesday, 14 February 2018 10:38:37 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 open: Stocks push higher on positive US cues; Galliford Try tumbles FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London equity markets rose in early trade on Wednesday, taking their cue from another positive close on Wall Street as investors looked ahead to key US inflation figures. At 0830 GMT, the FTSE 100 up 0.6% to 7,209.92, while the pound was down 0.1% against the dollar at 1.3881 and 0.2% lower versus the euro at 1.1226. CMC Markets analyst Michael Hewson said: "If investors were concerned about the rapid return of inflation yesterday’s market price action certainly didn’t reflect that, as European investors adopted a fairly low risk approach after two day days of gains with some modest profit taking. "US markets also opened on the back foot but gained confidence in the afternoon session on the back of comments from new Fed chair Jerome Powell who stated that the central bank would remain alert to any financial stability risks. This helped US markets finish the day in positive territory for the third day in succession though the gains were fairly modest in comparison to the previous few days." With no major UK data releases due, all eyes will be on the US, where the consumer price index for January is out at 1330 GMT, along with retail sales. Hewson said: "Today’s US CPI inflation report has taken on an importance all of its own in the wake of the recently strong wages numbers, never mind the fact that the Fed doesn’t even use CPI to target inflation. "Nonetheless this renewed focus on inflation, not only in the US but more globally has raised concerns that central banks may well be behind the curve when it comes to assessing the outlook for the next few months." In corporate news, Coca Cola HBC rallied as it reported full year earnings before interest and tax (EBIT) of €621m, a rise of 20% on net sales revenue of £6.5bn, up 4.9%. Sky and BT were both on the front foot as they picked up the rights to the Premier League for £4.46bn. Engineer GKN, which is currently fighting off a hostile bid from turnaround specialist Melrose Industries, was in the black after saying it is targeting a cash return of up to £2.5bn to shareholders over the next three years. The knock-on effects of Carillion's collapse were being felt, as Galliford Try tumbled after announcing a £150m capital raising to cover the impact. The announcement came alongside the firm's latest interims and a decision to pay out a dividend of 28p for the six months to 31 December, versus 32p in the first half of 2017. However, Serco advanced after saying it has signed a revised purchase agreement with Carillion's liquidators allowing it to buy some of the company's UK healthcare facilities management business for £29.7m, down from a previously agreed price of £47.7m. Sirius Minerals gained after entering into a design and build contract with shaft sinking and mining contractor DMC Mining Services for the construction of the four shafts required for its polyhalite project in North Yorkshire. Spirax-Sarco Engineering nudged up after it said chairman Bill Whiteley plans to retire from the board in May and will be succeeded by senior independent director Jamie Pike. CYBG was boosted by an upgrade to 'sector perform' at RBC Capital Markets, but Virgin Money was hit by a downgrade to 'underperform' by the same outfit. Aviva was higher after an upgrade to 'buy' at Goldman Sachs, while TalkTalk edged up after an upgrade to 'hold' at Societe Generale. Irn Bru maker AG Barr slid after JPMorgan cut the stock to 'underweight'. Atlantic Advisory - Share Tips of the Year 2018 Download Our Latest Report Here Losses can exceed deposits Market Movers FTSE 100 (UKX) 7,209.92 0.58% FTSE 250 (MCX) 19,399.47 0.41% techMARK (TASX) 3,256.23 0.38% FTSE 100 - Risers Sky (SKY) 1,095.00p 3.20% Coca-Cola HBC AG (CDI) (CCH) 2,296.00p 2.68% HSBC Holdings (HSBA) 749.10p 1.95% 3i Group (III) 903.00p 1.71% Aviva (AV.) 497.80p 1.61% Pearson (PSON) 663.40p 1.59% Old Mutual (OML) 235.90p 1.51% British American Tobacco (BATS) 4,447.00p 1.49% Evraz (EVR) 365.60p 1.39% GKN (GKN) 403.50p 1.38% FTSE 100 - Fallers TUI AG Reg Shs (DI) (TUI) 1,576.50p -2.32% Kingfisher (KGF) 355.40p -0.39% GlaxoSmithKline (GSK) 1,289.00p -0.15% BHP Billiton (BLT) 1,530.00p -0.10% National Grid (NG.) 736.20p -0.08% Smurfit Kappa Group (SKG) 2,476.00p -0.08% BP (BP.) 475.60p -0.07% BAE Systems (BA.) 569.40p -0.04% Compass Group (CPG) 1,517.00p -0.00% Royal Dutch Shell 'B' (RDSB) 2,308.00p 0.02% FTSE 250 - Risers IG Group Holdings (IGG) 804.50p 2.29% Genus (GNS) 2,320.00p 2.02% Sirius Minerals (SXX) 22.60p 1.99% Jupiter Fund Management (JUP) 544.80p 1.79% Hochschild Mining (HOC) 224.45p 1.65% Spirax-Sarco Engineering (SPX) 5,545.00p 1.65% TalkTalk Telecom Group (TALK) 108.00p 1.60% CYBG (CYBG) 306.40p 1.52% Dechra Pharmaceuticals (DPH) 2,284.00p 1.42% Moneysupermarket.com Group (MONY) 324.50p 1.41% FTSE 250 - Fallers Galliford Try (GFRD) 830.50p -15.90% Barr (A.G.) (BAG) 641.00p -2.88% Virgin Money Holdings (UK) (VM.) 264.10p -2.40% Balfour Beatty (BBY) 265.60p -2.28% F&C Commercial Property Trust Ltd. (FCPT) 140.15p -1.30% FDM Group (Holdings) (FDM) 871.00p -1.02% Kier Group (KIE) 1,079.00p -0.83% Capita (CPI) 182.00p -0.79% Sequoia Economic Infrastructure Income Fund Limited (SEQI)106.20p -0.75% BGEO Group (BGEO) 3,384.00p -0.70% 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 Cryptocurrencies Report Top Cryptocurrencies # Name Market Cap($) Price(%) Change Price Graph(3m) 1 Bitcoin (BTC) 150,304,096,458 8,799 +3.38% 2 Ethereum (ETH) 84,823,443,490 858.75 +2.27% 3 Ripple (XRP) 41,230,010,496 1.01 +2.97% 4 Bitcoin Cash / BCC (BCH) 21,622,442,130 1,250 +2.62% 5 Litecoin (LTC) 10,076,520,033 180.82 +13.64% 6 Cardano (ADA) 9,835,823,115 0.359982 +0.97% 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 US close: Markets manage to hold on to gains Wall Street indices managed to keep their head above water by the close on Tuesday, having opened on a downbeat note following two days of gains, as investors looked ahead to key inflation data that was set for release the next day. The Dow Jones Industrial Average finished up 0.16% at 24,640.45, the S&P 500 was ahead 0.26% at 2,662.94, and the Nasdaq 100 managed 0.46% of gains to close at 6,553.86. Headline CPI, which came in at up +2.2% in November but slipped back to 2.1% in December, was seen slipping again by economists to 2.0% for last month, but rising by 0.4% month-on-month. “We expect that core services prices rose around 0.25% month-on-month, with the monthly increase in rents cooling off slightly compared to previous months,” noted analysts at HSBC. “We expect that core goods prices were close to unchanged in m-o-m terms, with new and used vehicle prices holding relatively steady. “Meanwhile, we estimate the headline CPI increased 0.4% m-o-m in January, with average gasoline prices rising by around 5%.” HSBC said it expected the year-on-year headline CPI inflation rate to slow to 2.0%, down from 2.1% in December. Data released earlier in the day showed that small business optimism in the US improved more than expected in January. The index of small-business optimism from the National Federation of Independent Business printed at 106.9 last month, up from 104.9 in December beating expectations for a reading of 106.2. “Main Street is roaring,” commented NFIB president and chief executive officer Juanita Duggan. “Small business owners are not only reporting better profits, but they’re also ready to grow and expand. “The record level of enthusiasm for expansion follows a year of record-breaking optimism among small businesses.” The number of respondents saying ‘now is a good time to expand’ printed at 32%, marking the highest level in the history of the survey, which began in 1973. Fedspeak was also in focus, with Cleveland Fed president Loretta Mester telling an audience at the Dayton Area Chamber of Commerce in Ohio that the big moves seen in the stock market over the past 10 days were still "far away" from being large enough to risk causing any damage to the economy. "I expect the economy will work through this episode of market turbulence and I have not changed my outlook," she said. In a more conciliatory tone, she added: "Of course, this is my current view of monetary policy," Mester said. "If upside risks to growth come to pass, we may need to steepen the path a bit: if inflation surprises to the downside, we may need to go a bit slower." Traders were also keeping a close eye on Fed chairman Jerome Powell who said in his inauguration speech that the central bank would "remain alert" to any financial stability risks. In corporate news, AmerisourceBergen was up 9.3% following reports that transatlantic chemist giant Walgreens Boots Alliance had approached the company about a takeover. Walgreens Boots was itself down 0.25%. Amazon saw active trading – up 2.04% - following reports the retailer was planning to slash hundreds of jobs across its consumer business. General Motors dropped 1.43% after announcing its plans to close an auto plant in South Korea. PepsiCo quarterly sales were flat, hurt by falling demand in for its beverages across the US, although the soft drinks giant said it had ramped up cost-cutting efforts to protect its bottom line. Its stock eked out gains of 0.19%. Xerox shares dipped 2.6% after Darwin Deason, the document management company's third-largest shareholder, sued the firm, its current board members, former chief executive Ursula Burns and Japan's Fujifilm Holdings in an effort to block a deal that would see Fujifilm acquire a controlling stake in Xerox. Dow Jones - Risers Caterpillar Inc. (CAT) $153.95 3.19% Boeing Co. (BA) $343.19 3.10% American Express Co. (AXP) $94.53 3.10% Goldman Sachs Group Inc. (GS) $255.43 2.50% Dowdupont Inc. (DWDP) $70.72 1.83% Cisco Systems Inc. (CSCO) $41.23 1.55% Walmart Inc. (WMT) $100.98 1.44% Apple Inc. (AAPL) $164.34 1.00% Walt Disney Co. (DIS) $104.12 1.00% 3M Co. (MMM) $231.35 0.94% Dow Jones - Fallers General Electric Co. (GE) $14.67 -1.81% United Technologies Corp. (UTX) $125.81 -1.26% Merck & Co. Inc. (MRK) $54.90 -0.96% McDonald's Corp. (MCD) $162.40 -0.93% Intel Corp. (INTC) $44.46 -0.83% International Business Machines Corp. (IBM) $150.75 -0.46% Home Depot Inc. (HD) $183.70 -0.22% Johnson & Johnson (JNJ) $130.05 -0.21% Chevron Corp. (CVX) $113.35 -0.19% Nike Inc. (NKE) $65.89 -0.17% S&P 500 - Risers Csra Inc. (CSRA) $40.57 31.67% Under Armour Inc. Class A (UAA) $16.72 17.28% Dun & Bradstreet Corp. (DNB) $120.50 10.36% Amerisource Bergen Corp. (ABC) $97.79 9.62% CenturyLink Inc. (CTL) $17.21 7.70% TripAdvisor Inc. (TRIP) $39.88 5.75% CBRE Group Inc (CBG) $44.15 5.35% Avery Dennison Corp. (AVY) $116.90 4.86% Deere & Co. (DE) $161.30 4.11% CF Industries Holdings Inc. (CF) $39.00 3.67% S&P 500 - Fallers Henry Schein Inc. (HSIC) $67.39 -6.64% Mattel Inc. (MAT) $16.36 -5.76% Diamond Offshore Drilling Inc. (DO) $14.10 -5.37% Regeneron Pharmaceuticals Inc. (REGN) $324.57 -5.28% Patterson Companies Inc. (PDCO) $31.21 -5.19% Murphy Oil Corp. (MUR) $26.20 -3.96% Chesapeake Energy Corp. (CHK) $2.74 -3.86% GameStop Corp. (GME) $15.57 -3.65% Carmax Inc. (KMX) $63.39 -3.44% Mallinckrodt Plc Ordinary Shares (MNK) $15.95 -3.27% Nasdaq 100 - Risers Mercadolibre Inc. (MELI) $366.51 3.70% Tesla Inc (TSLA) $323.66 2.51% J.B. Hunt Transport Services Inc. (JBHT) $118.33 2.11% Amazon.Com Inc. (AMZN) $1,414.51 2.04% Nvidia Corp. (NVDA) $232.63 2.02% JD.com, Inc. (JD) $44.55 1.90% Sirius XM Holdings Inc (SIRI) $5.96 1.88% Symantec Corp. (SYMC) $26.58 1.84% Baidu Inc. (BIDU) $225.60 1.79% NetEase Inc. Ads (NTES) $300.11 1.77% Nasdaq 100 - Fallers Henry Schein Inc. (HSIC) $67.39 -6.64% Regeneron Pharmaceuticals Inc. (REGN) $324.57 -5.28% Microchip Technology Inc. (MCHP) $80.81 -2.66% Biomarin Pharmaceutical Inc. (BMRN) $81.57 -2.05% Take-Two Interactive Software Inc. (TTWO) $107.78 -1.96% Facebook Inc. (FB) $173.15 -1.85% Cadence Design Systems Inc. (CDNS) $37.90 -1.81% Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $206.79 -1.28% Alexion Pharmaceuticals Inc. (ALXN) $113.97 -1.26% O'Reilly Automotive Inc. (ORLY) $245.31 -1.18% 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. Wednesday newspaper round-up: RBS, Zuma, Putin MPs are planning to make an unprecedented use of their parliamentary powers to publish a report into the mistreatment of thousands of small and medium-sized companies by Royal Bank of Scotland. Nicky Morgan has asked the Treasury select committee, which she chairs, to support the release of the confidential document, having used parliamentary privilege to obtain it from the Financial Conduct Authority. - The Times The African National Congress has threatened to throw President Zuma to the “vultures” in parliament and suffer the indignity of being kicked out if he does not resign. "When you resist you leave us no choice but to let you fry in the vote of no confidence because it means you do not respect the organisation," Gwede Mantashe, the ANC chairman, said. - The Times For the first time in years, Vladimir Putin has cancelled several public appearances due to illness – prompting speculation about the long-term durability of a leader feted for his virility. On Monday, there was no visit to Sochi. Today, there was no discussion of microelectronics in the Kremlin. Tomorrow, the President will not make an appearance at the “Mentor 2018” forum in Moscow. And next week, he will not travel to the Russian Far East. - The Independent A man has been shot dead in a republican area of west Belfast.The victim was fatally injured in a shotgun blast at a house on the Poleglass estate. It is believed the man, who was in his 20s, was shot in the chest as he opened the door of the property at around 8pm, according to the Police Service of Northern Ireland. He is believed to have been shot in front of two children. - The Guardian Almost half of those who have taken out car finance deals - representing almost three million British drivers - don't know how much they've borrowed to fund their vehicles. That's just one of a number of astonishing claims from two new surveys that have raised fears of a financial crisis sparked by debt. Almost nine in 10 of people with existing finance arrangements admitted in the polls that they don't understand the small print in their contracts - including excess mileage fees that could send costs spiralling. - The Daily Mail Israeli police have recommended charging Benjamin Netanyahu with accepting bribes worth 1 million shekels (£200,000), dealing a potentially serious political blow to the long-serving Israeli prime minister. After more than a year of investigating, Israel’s police said there was enough evidence to prosecute Mr Netanyahu on allegations he accepted lavish gifts from wealthy businessmen and tried to negotiate a corrupt deal with a newspaper publisher. - The Daily Telegraph The world’s largest car hire firm is revving up plans for a blockbuster stock market float after another set of record profits. Profits jumped 13% to €677m (£600m) at LeasePlan, which has a fleet of 1.7m cars, and is 50 years old. The firm said it was benefiting from a “clear megatrend” in which increasing numbers of people are turning their back on car ownership, in favour of so-called "usership", or the sharing economy, as annual sales nudged €9.4bn. It has signed a deal with Uber to provide drivers with access to its fleet. - The Daily Telegraph   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