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| | London open: Stocks rise as investors shrug off US inflation data; miners gain |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | London stocks rose in early trade on Thursday, taking their cue from a positive session in the US, where investors shrugged off a rise in inflation, with miners lending support. At 0830 GMT, the FTSE 100 was up 0.3% to 7,234.86, while the pound was flat against the euro at 1.1242 and 0.3% firmer versus the dollar at 1.4043. The year-on-year headline US consumer price index for January showed a 2.1% gain, unchanged from December and above economists' expectations for a fall to 1.9%. Spreadex analyst Connor Campbell said: "Given that these gains are coming after the hawkish, and higher than forecast, inflation figures out of the UK and US, it appears that investors have become slightly more accepting of any impending increase in interest rates. Or, at the very least, they saw little in Tuesday’s and Wednesday’s data to speed up the schedules laid out by the Federal Reserve and Bank of England in the last few weeks." There are no major UK data releases, but in the US, NY Empire State manufacturing and jobless claims are at 1330 GMT, along with the Philadelphia Fed manufacturing index. Heavily-weighted miners put in a solid performance as copper prices gained, with Anglo American, BHP Billiton, Glencore and Rio Tinto all up. Elsewhere, RELX Group, the information and analytics formerly known as Reed Elsevier, was on the front foot as it lifted its final dividend 10%, pledged to repeat its £700m share buyback in 2018 and proposed a to merge its UK and Dutch parent companies in a further simplification of its corporate structure. AstraZeneca was also firmer after it and Merck & Co announced that the US Food and Drug Administration has granted Orphan Drug Designation (ODD) for selumetinib, a MEK 1/2 inhibitor, for the treatment of neurofibromatosis type 1 (NF1). Medical equipment maker ConvaTec rallied as it reported better-than-forecast 2017 organic revenue growth of 2.3% to £1.76bn. Bodycote surged after an upgrade to 'overweight' at JPMorgan andOld Mutual advanced as Renaissance Capital lifted the stock to 'buy'. On the downside, Standard Life Aberdeen was under the cosh as it said it was making an impairment charge of around £40m after Lloyds Bank announced it was withdrawing funds controlled by its Scottish Widows investment arm. Insurer Lancashire Holdings was trading sharply lower after saying it swung to a bigger-than-expected full-year loss as natural catastrophes took their toll. Indivior fell after it swung to a loss in the fourth quarter despite a rise in revenue, while GKN slipped after its chairman said the hostile bid from turnaround specialist Melrose Industries is "low price and high risk" and undervalues the group. AstraZeneca, Unilever, BP, Royal Dutch Shell and PZ Cussonswere lower as their stock went ex-dividend. Market Movers FTSE 100 (UKX) 7,234.86 0.29%
FTSE 250 (MCX) 19,547.06 0.51%
techMARK (TASX) 3,264.62 0.12% FTSE 100 - Risers Old Mutual (OML) 247.00p 3.17%
Anglo American (AAL) 1,742.40p 2.89%
Evraz (EVR) 383.40p 2.16%
BHP Billiton (BLT) 1,605.00p 1.93%
Glencore (GLEN) 389.30p 1.80%
Rio Tinto (RIO) 4,097.50p 1.78%
Mondi (MNDI) 1,820.50p 1.62%
London Stock Exchange Group (LSE) 4,034.00p 1.56%
Coca-Cola HBC AG (CDI) (CCH) 2,380.00p 1.54%
Scottish Mortgage Inv Trust (SMT) 449.74p 1.43% FTSE 100 - Fallers Standard Life Aberdeen (SLA) 369.00p -5.21%
AstraZeneca (AZN) 4,720.00p -2.28%
Unilever (ULVR) 3,760.50p -0.83%
Severn Trent (SVT) 1,719.00p -0.64%
United Utilities Group (UU.) 665.40p -0.57%
Fresnillo (FRES) 1,322.00p -0.56%
British American Tobacco (BATS) 4,417.00p -0.52%
Centrica (CNA) 126.80p -0.47%
Compass Group (CPG) 1,541.50p -0.45%
Reckitt Benckiser Group (RB.) 6,295.00p -0.44% FTSE 250 - Risers Bodycote (BOY) 928.50p 4.62%
Kaz Minerals (KAZ) 858.80p 4.35%
Convatec Group (CTEC) 205.52p 3.98%
Vectura Group (VEC) 78.90p 3.82%
Vedanta Resources (VED) 782.40p 3.79%
Sophos Group (SOPH) 507.50p 2.86%
Petrofac Ltd. (PFC) 423.85p 2.70%
Tullow Oil (TLW) 178.65p 2.67%
Provident Financial (PFG) 732.40p 2.55%
Wood Group (John) (WG.) 614.60p 2.43% FTSE 250 - Fallers Lancashire Holdings Limited (LRE) 621.00p -5.05%
Indivior (INDV) 392.80p -2.99%
Britvic (BVIC) 666.50p -2.13%
Pets at Home Group (PETS) 169.00p -1.46%
CLS Holdings (CLI) 231.00p -1.28%
Euromoney Institutional Investor (ERM) 1,140.00p -1.04%
The Renewables Infrastructure Group Limited (TRIG) 102.60p -0.97%
Tate & Lyle (TATE) 561.00p -0.95%
RHI Magnesita N.V. (DI) (RHIM) 4,290.00p -0.69%
UK Commercial Property Trust (UKCM) 86.61p -0.68% |
| | Atlantic Advisory - Share Tips of the Year 2018 | | Download Our Latest Report Here Losses can exceed deposits |
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Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Market Analysis 12/02/2018 Today’s highlights: Global markets seen higher - Wall Street gains continue: The Dow Jones, Nasdaq and S&P 500 all showed impressive gains yesterday. Both the Dow and S&P 500 have now erased all of their losses for 2018 and are positive for the year. The Nasdaq rose more than 1.8%, boosted by gains seen in big tech companies, such as Netflix, Amazon and Facebook.
- Asia seen higher: Following Wall Street’s lead, markets in the East were also trading higher this morning, as the Nikkei showed impressive gains of more than 1.2%. Markets in China are closed today, due to the celebration of the new lunar year.
- Volatility expected for USD: The Producer Price Index report is due in the US at 13:30 GMT, potentially impacting the greenback.
Read More... |
| | Cryptocurrencies Report | | Top Cryptocurrencies | # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | | 1 |  | Bitcoin (BTC) | 167,663,596,148 | 9,934.9 | +5.07% |  | | 2 |  | Ethereum (ETH) | 92,935,535,088 | 944 | +2.65% |  | | 3 |  | Ripple (XRP) | 45,221,823,552 | 1.13 | +0.36% |  | | 4 |  | Bitcoin Cash / BCC (BCH) | 23,580,106,340 | 1,378.5 | +1.73% |  | | 5 |  | Litecoin (LTC) | 12,806,414,860 | 232.03 | +9.37% |  | | 6 |  | Cardano (ADA) | 10,611,794,409 | 0.3946 | +0.41% |  | |
| | 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 finish Wednesday well into the green | Markets recorded another positive session on Wall Street on Wednesday, although there was some volatility after the release of the latest inflation figures. The Dow Jones Industrial Average finished ahead 1.03% at 24,893.49, the S&P 500 rose 1.34% at 2,698.63, and the Nasdaq 100was up 1.85% at 6,675.03. Wednesday's hotly-awaited CPI report revealed that the cost of living in the US held steady last month, buoyed by unusually large increases in clothing and medical care prices, with the former rising at their quickest pace since 1990. Consumer prices edged past economists' forecasts, despite much ballyhooed revisions to the government's seasonal adjustment factors which had been expected to contribute to a small decline in the rate of advance in prices. The rate of gains in headline consumer prices was at 2.1% year-on-year in January, according to the Bureau of Labor Statistics, against consensus forecasts for 2.0% - unchanged from the month before. At the 'core' level, CPI came in at 1.8% against consensus expectations for 1.7%, which was also the same as in the month before. When compared to December, CPI was 0.5% higher, led by a higher cost of gasoline at 5.7%, apparel at 0.8%, and medical care services at 0.6%. “The expectation is that there won’t be any nasty upside surprises from CPI this time round. The year-on-year comparison should be quite flattering due to a high reading for January 2017,” said Jim Reid at Deutsche Bank earlier in the week. Also out on Wednesday was the revelation that January retail sales fell 0.3%, well below the consensus forecast for growth of 0.2%. Sales excluding automobiles and the control measure were both unchanged, but also well below consensus of 0.5% and 0.4% growth, respectively. “We thought the consensus here was optimistic, given the softer Redbook chainstore sales numbers last month, but the core data are a bit weaker still than we expected,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics. “Note too that prior sales were revised down by a net 0.4%, which will subtract 0.2 percentage points from the headline Q4 GDP growth number. "The numbers were hit by a bigger drop in auto sales than was implied by the manufacturers' volume numbers, and a 2.4% plunge in sales of building materials, mean-reverting after their post-hurricane leap.” On the corporate front, Fossil Group rocketed ahead 87.72% after the watchmaker released better-than-expected earnings late on Tuesday. Elsewhere, Chipotle Mexican Grill saw a 15.35% bump after it said Brian Nicol, who was chief executive of Yum! Brandssubsidiary Taco Bell, will be its new CEO from March. Hilton Worldwide Holdings managed gains of 3.32% after its fourth-quarter profits outshone market expectations. Molson Coors Brewing added 6.27%, while Dr Pepper Snapplelost 0.9%. Dow Jones - Risers Nike Inc. (NKE) $67.96 3.17%
Goldman Sachs Group Inc. (GS) $262.58 2.76%
International Business Machines Corp. (IBM) $154.76 2.66%
Caterpillar Inc. (CAT) $158.06 2.66%
JP Morgan Chase & Co. (JPM) $115.03 2.31%
Visa Inc. (V) $120.83 2.10%
Cisco Systems Inc. (CSCO) $42.09 2.09%
Intel Corp. (INTC) $45.38 2.07%
Apple Inc. (AAPL) $167.37 1.84%
American Express Co. (AXP) $96.23 1.77% Dow Jones - Fallers McDonald's Corp. (MCD) $159.99 -1.48%
Verizon Communications Inc. (VZ) $49.51 -1.14%
Procter & Gamble Co. (PG) $80.69 -1.01%
Johnson & Johnson (JNJ) $129.73 -0.22%
Coca-Cola Co. (KO) $44.10 -0.20%
Merck & Co. Inc. (MRK) $54.90 -0.00%
Exxon Mobil Corp. (XOM) $76.46 0.21%
3M Co. (MMM) $232.00 0.28%
Chevron Corp. (CVX) $113.63 0.30%
Walt Disney Co. (DIS) $104.60 0.46% S&P 500 - Risers Chipotle Mexican Grill Inc. (CMG) $289.91 15.35%
Interpublic Group of Companies Inc. (IPG) $24.49 10.22%
Alexion Pharmaceuticals Inc. (ALXN) $123.20 8.10%
Freeport-McMoRan Inc (FCX) $19.12 7.42%
Endo International Plc (ENDP) $6.73 6.49%
Under Armour Inc. Class A (UAA) $17.77 6.35%
Molson Coors Brewing Co. Class B (TAP) $80.51 6.27%
Hanesbrands Inc. (HBI) $21.14 6.07%
Lam Research Corp. (LRCX) $183.01 6.06%
Hess Corp. (HES) $45.37 6.00% S&P 500 - Fallers Biogen Inc (BIIB) $296.08 -6.60%
HCP Inc. (HCP) $21.77 -4.52%
GGP Inc (GGP) $21.76 -2.64%
W.W. Grainger Inc. (GWW) $264.74 -2.44%
Southern Co. (SO) $43.58 -2.33%
Ventas Inc. (VTR) $49.62 -2.17%
Centerpoint Energy Inc. (CNP) $26.19 -2.17%
Duke Energy Corp. (DUK) $75.48 -2.08%
Vornado Realty Trust (VNO) $66.05 -2.05%
PG&E Corp. (PCG) $39.07 -1.88% Nasdaq 100 - Risers Alexion Pharmaceuticals Inc. (ALXN) $123.20 8.10%
Lam Research Corp. (LRCX) $183.01 6.06%
Align Technology Inc. (ALGN) $246.34 5.40%
Cintas Corp. (CTAS) $164.36 5.31%
JD.com, Inc. (JD) $46.86 5.19%
Applied Materials Inc. (AMAT) $51.96 4.86%
Baidu Inc. (BIDU) $235.89 4.56%
Nvidia Corp. (NVDA) $241.42 3.78%
Facebook Inc. (FB) $179.52 3.68%
Biomarin Pharmaceutical Inc. (BMRN) $84.54 3.64% Nasdaq 100 - Fallers Biogen Inc (BIIB) $296.08 -6.60%
Expedia Inc. (EXPE) $100.10 -1.63%
Take-Two Interactive Software Inc. (TTWO) $106.56 -1.13%
Fiserv Inc. (FISV) $138.40 -0.45%
Cerner Corp. (CERN) $62.22 -0.43%
Tesla Inc (TSLA) $322.31 -0.42%
Wynn Resorts Ltd. (WYNN) $164.16 -0.30%
Twenty-First Century Fox Inc Class A (FOXA) $36.55 -0.08%
Twenty-First Century Fox Inc Class B (FOX) $36.18 -0.03%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $206.76 -0.01% |
| | 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. |
| | Thursday newspaper round-up: Wages, sterling, Sky, food warning, Booker | Britain is set for a pay rise as the world economy lifts growth and falling migration makes it harder for companies to find cheap foreign labour. A report by the regional agents of the Bank of England suggests firms expect to give the average worker a 3.1 per cent pay rise in 2018, compared to 2.6 per cent last year, amid the strongest growth for a decade. - Daily Mail Sterling will plunge more than 15 per cent from current levels if Britain leaves the European Union in a disorderly fashion, the IMF has warned. In its annual Article IV assessment of the UK economy, the Bretton Woods institution said the pound was up to 15 per cent overvalued on fundamentals today but “should Brexit lead to a significant increase in trade barriers, the equilibrium exchange rate could be more depreciated than suggested here”. - The Times British businesses want to stay in the customs union and the single market after Brexit, according to a Harvard survey conducted by Ed Balls. The former shadow chancellor interviewed 80 small and medium-sized businesses in Britain about the type of deal they wanted and has published the findings in a report from the Harvard Kennedy School. - The Times The Goldman Sachs boss, Lloyd Blankfein, has added his voice to the chorus warning that Donald Trump’s $1.5tn tax cut and spending plans could lead to an overheated US economy. “The odds of a bad outcome have gone up,” Blankfein said, warning that over-stimulating an already healthy economy could prove “too much of a good thing”. - Guardian The Murdoch clan are under mounting pressure to increase their takeover bid for Sky in the wake of the pay-TV giant’s successful Premier League rights auction. Sky retained its status as the dominant Premier League broadcasterand slashed its annual bill by nearly £200m, prompting renewed calls for a more generous offer from 21st Century Fox. Eating factory-made food including cornflakes, pizza and chocolate bars every day increases the risk of cancer by a quarter, the first study of its kind suggests. Additives in ready meals, packaged snacks and shop-bought cakes may combine to trigger the disease, with scientists fearing cancer caused by highly processed food over and above the harmful effects of the sugar and fat it contains. - The Times An activist US hedge fund trying to push Tesco to pay more for Booker Group claims that a growing number of shareholders supports its position. Sandell Asset Management, which holds a 1.75 per cent position in Booker, said last week that it intended to vote against Tesco’s proposed £3.7 billion takeover of the cash-and-carry wholesaler. - The Times More than 50,000 British workers may be being cheated out of part of their pension each year, according to a scathing report by MPs who warned of another “major mis-selling scandal”. The work and pensions select committee accused regulators of “fiddling while Rome burns” after its investigation found that unscrupulous financial advisers, sometimes employing “vulture” intermediaries at factory gates, had persuaded steelworkers to transfer their final salary pension pots. - The Times City firms including Goldman Sachs, Invesco Perpetual and NFU Mutual have committed to signing up to a government-backed gender equality charter after being pressured to do so by the chairman of the Treasury select committee. Nicky Morgan, the Conservative MP, wrote to more than 30 finance firms urging them to sign up to the Women in Finance Charter – or explain why not. The charter commits firms to building a more gender balanced industry, including hiring more women in senior roles. - Telegraph A new company backed by a trio of City grandees has been launched, with plans to raise an initial £150m to fund promising entrepreneurs. The business, named Ansor Ltd, has signed up Martin Morgan, the former chief of Daily Mail and General Trust, David Weaver, ex-chairman of Jefferies, and Tom Boardman, the chairman of huge Swedish investment company Kinnevik. - Telegraph Faulty appliances such as washing machines, tumble dryers and fridge freezers are causing more than 60 house fires a week in the UK – a figure which has stayed “stubbornly high” in recent years – according to a Which? investigation. Government action to remove potentially dangerous electrical white goods from homes is falling “woefully short”, the consumer group warns, as it challenges ministers to explain how the fledgling Office for Product Safety and Standards will tackle the problem. - Guardian Attention deficit hyperactivity disorder, or ADHD, could be costing the UK billions of pounds a year, according to a new report. According to the thinktank Demos, ADHD is a major socio-economic burden. The costs to the nation of the disorder in adults who are unable to work or hold down a full-time job are high. - Guardian An independent US trade body on Wednesday said it rejected hefty duties on Bombardier's C-Series jets partly because Boeing lost no sales or revenue when Delta Air Lines ordered the aircraft in 2016 from the Canadian planemaker. The International Trade Commission (ITC) also said the 110-seat C-Series jets ordered by Delta and Boeing Co's smallest 737 MAX 7 plane do not compete, adding the sale to Delta did not come at the American planemaker's expense as it did not offer any new aircraft to the No 2 US carrier. - Telegraph Persimmon boss Jeff Fairburn has failed to subdue the anger felt by shareholders over a £110m payout despite promising to give a “substantial” amount to charity. Mr Fairburn said today that he planned to set up a charitable trust after facing criticism over his pay package, claiming that he was “misplaced” in believing the decision was a private matter. - Telegraph Jim Ratcliffe, the multibillionaire chemicals tycoon and Brexit supporter, has handed a contract to create a “British” successor to the Land Rover Defender to a company in Germany. His chemicals company Ineos had signed up more than 200 German engineers to create a new “world-class 4x4”, the idea for which he first conceived in a pub near Buckingham Palace. - Guardian | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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