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| | London open: Stocks rise on positive Wall St cues, retail sales eyed |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | London stocks rose in early trade on Friday, tracking a fifth day of gains on Wall Street as investors put aside their worries about inflation and looked ahead to UK retail sales data. At 0825 GMT, the FTSE 100 was up 0.6% to 7,279.49, while the pound was up 0.2% to 1.4131 against the greenback and flat versus the euro at 1.1272. With little in the way of corporate news, investors will be watching out for the release of the latest UK retail sales figures for January at 0930 GMT. "Where Wall Street goes, other markets follow, and this bounce back from last week’s lows is no different," said Lee Wild, head of equity strategy at Interactive Investor. "Traders are quickly getting used to higher bond yields, higher inflation and another round of hikes in global interest rates that will follow, so much so that US stocks are recovering twice as fast as in London. Markets will remain volatile, for sure, but we’ve just found out that big investors can’t stay out of this market for long, and demand for equities typically picks up in the weeks before tax year-end." UK retail sales are a potential catalyst for the London index on Friday. Economists are looking for month-on-month retail sales growth of around 0.6% from January, excluding fuel, following the ugly 1.6% slump the month before. "The Bank of England will struggle to hike interest rates without an improvement in consumer spending, but that will come as an anticipated decline in the cost of living feeds through to more significant growth in real wages," Wild said. In company news, Segro rallied after taking the wraps off what it described as another strong set of financial, operating and portfolio performance metrics for the 2017 year, with a record level of development completions during the period, almost all of which have been leased. Balfour Beatty edged higher as it won a share of a huge contract to design and build an 'automated people mover' at Los Angeles International airport. Rio Tinto rose after saying it had been told by Mongolia to find a domestic power source for the $5.3bn expansion the Oyu Tolgoi mine by 2022. Croda was just a smidge higher as it agreed to buy AIM-listed crop enhancement developer Plant Impact for around £10m. On the downside, BGEO, formerly Bank of Georgia, fell despite posting an 8.1% jump in full-year profit. Temporary power supplier Aggreko was hit by a downgrade from Bank of America Merrill Lynch, but Restaurant Group was up after being lifted to 'hold' from 'reduce' at HSBC and Standard Life Aberdeen gained on the back of an upgrade to 'outperform' from 'market perform' by Bernstein. Evraz nudged up after an initiation at 'buy' from Deutsche Bank, while ConvaTec rallied after an upgrade at JPMorgan and LSE advanced after Societe Generale reinstated the stock at 'buy'. Market Movers FTSE 100 (UKX) 7,279.49 0.62%
FTSE 250 (MCX) 19,676.64 0.52%
techMARK (TASX) 3,312.97 0.58% FTSE 100 - Risers SEGRO (SGRO) 574.00p 3.39%
Standard Life Aberdeen (SLA) 365.60p 1.56%
Just Eat (JE.) 897.20p 1.49%
Micro Focus International (MCRO) 2,108.00p 1.49%
Centrica (CNA) 127.95p 1.23%
Royal Dutch Shell 'B' (RDSB) 2,303.50p 1.08%
Scottish Mortgage Inv Trust (SMT) 455.19p 1.06%
CRH (CRH) 2,515.00p 1.04%
Anglo American (AAL) 1,744.00p 1.04%
Antofagasta (ANTO) 941.80p 1.03% FTSE 100 - Fallers Mediclinic International (MDC) 576.40p -0.17%
Randgold Resources Ltd. (RRS) 6,438.83p -0.08%
GKN (GKN) 414.80p 0.00%
Smurfit Kappa Group (SKG) 2,554.00p 0.00%
Halma (HLMA) 1,212.00p 0.00%
Royal Bank of Scotland Group (RBS) 275.10p 0.00%
Morrison (Wm) Supermarkets (MRW) 217.70p 0.00%
G4S (GFS) 256.90p 0.00%
Paddy Power Betfair (PPB) 8,250.00p 0.00%
Schroders (SDR) 3,375.00p 0.00% FTSE 250 - Risers Inmarsat (ISAT) 441.85p 2.40%
Dairy Crest Group (DCG) 582.00p 1.93%
Petrofac Ltd. (PFC) 415.03p 1.87%
Wood Group (John) (WG.) 614.60p 1.86%
Ultra Electronics Holdings (ULE) 1,471.00p 1.80%
Hunting (HTG) 581.50p 1.75%
ZPG Plc (ZPG) 345.73p 1.75%
Tullow Oil (TLW) 176.10p 1.73%
Playtech (PTEC) 768.60p 1.72%
Ferrexpo (FXPO) 295.90p 1.72% FTSE 250 - Fallers Aggreko (AGK) 765.60p -2.77%
BGEO Group (BGEO) 3,325.60p -2.19%
Telecom Plus (TEP) 1,182.16p -1.32%
Ocado Group (OCDO) 480.95p -1.30%
Intu Properties (INTU) 205.30p -0.68%
Provident Financial (PFG) 688.00p -0.66%
OneSavings Bank (OSB) 389.40p -0.66%
Capital & Counties Properties (CAPC) 280.50p -0.60%
Galliford Try (GFRD) 855.00p -0.58%
Millennium & Copthorne Hotels (MLC) 530.20p -0.53% |
| | Atlantic Advisory - Share Tips of the Year 2018 | | Download Our Latest Report Here Losses can exceed deposits |
| | Europe open: Shares motor on back of Asia, Wall St, Renault results |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | European shares opened higher on Friday as Asia and Wall Street provided impetus along with solid corporate results in France. The pan-Europe Stoxx 600 index opened 0.53% higher at 376.51, while France's CAC-40 was up 1.1% at 5,222 points. All other major bourses were in the black. Asian shares rose for a fifth straight day on Friday as investors dipped their toes back in the water after heavy selling earlier this month, while Wall Street booked a hat-trick of rises for the week. “Traders are quickly getting used to higher bond yields, higher inflation and another round of hikes in global interest rates that will follow, so much so that US stocks are recovering twice as fast as in London,” said Lee Wild, head of equity strategy at interactive investor. “Markets will remain volatile, for sure, but we’ve just found out that big investors can’t stay out of this market for long, and demand for equities typically picks up in the weeks before tax year-end.” In corporate news, Renault shares were up as the company said 2017 net profit motored in 2017 due to higher volumes and market share and a one-off benefit from US tax cuts. EDF shares were up as the company said posted a rise in 2017 profits. Segro rose after The FTSE 100 firm said pre-tax profit was up 25.7% to £194.2m, which the board put down to its focus on customer and portfolio management delivering high customer retention rates, like-for-like rental growth and a low vacancy rate. Vivendi shares fell 3% despite reporting a massive jump in fourth quarter profits to €828m profits from €81m a year earlier. |
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Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Market Analysis 16/02/2018 Today’s highlights: Global markets continue to climb - Another day of wins on Wall Street: Markets in the US continued their positive momentum yesterday, as the Dow Jones and S&P 500 both closed more than 1.2% higher, and Nasdaq rose more than 1.5%. The Netflix stock had an impressive day yesterday, climbing 5.36%, joined by Apple and Boeing, both of which rose more than 3.3%. At the same time, the USD weakened against many of its major peers, nearing a three-year low.
- Asian markets higher: Following the gains seen on Wall Street, markets in the East were also on the rise, as the Nikkei and China50 indices both showed significant gains. Several markets in Asia are closed today, in observance of the new lunar year.
- Volatility expected for USD today: The monthly Building Permits report is due in the US at 13:30 GMT, potentially generating volatility for the greenback.
Read More... |
| | Cryptocurrencies Report | | Top Cryptocurrencies | # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | | 1 |  | Bitcoin (BTC) | 168,772,829,887 | 9,957.1 | -0.84% |  | | 2 |  | Ethereum (ETH) | 90,794,919,508 | 928.75 | +0.1% |  | | 3 |  | Ripple (XRP) | 43,869,374,039 | 1.09 | -1.98% |  | | 4 |  | Bitcoin Cash / BCC (BCH) | 25,603,940,125 | 1,488.5 | +9.64% |  | | 5 |  | Litecoin (LTC) | 11,884,249,298 | 213.2 | -4.08% |  | | 6 |  | Cardano (ADA) | 10,311,092,245 | 0.377 | -3.09% |  | |
| | 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 post another day of gains as producer prices accelerate | US stocks finished higher on Thursday after some unsteadiness earlier in the session, as investors eyed higher-than-expected inflation print from a day earlier and mixed jobs and producer prices data. The Dow Jones Industrial Average finished up 1.23% at 25,200.37, the S&P 500 added 1.21% to 2,731.20, and the Nasdaq 100 charged ahead 1.8% to 6,794.92. Wednesday's inflation data was still on traders' minds, as the consumer price index for January showed a 2.1% gain - above economists' expectations for a fall to 1.9%. On Thursday, the US producer price index accelerated to 0.4% in January from -0.1% the prior month according to the Labour Department, thanks to strong gains seen in the cost of gasoline and health care, hinting that inflation pressures were building up after staying flat throughout December. “Those hawkish numbers appear to have been enough to temper investors’ early enthusiasm, undermining the market’s recently displayed resilience,” noted Connor Campbell, financial analyst at SpreadEx. In other data, initial US jobless claims increased by 7,000 to 230,000 for the week ended 10 February, with the monthly average of claims rising 3,500 to 228,500, after touching a 45-year low last week. The number of people already collecting unemployment benefits expanded by 15,000 to 1.94 million, although that figure was still markedly down from the 2.4 million people receiving benefits in the same week a year earlier. The Federal Reserve Bank of Philadelphia reported an unexpectedly faster rate of growth was reported in regional manufacturing activity in the month of February. Its index for current manufacturing activity climbed to 25.8 in February from the 22.2 seen in January, despite economists projecting the index to drop to 21.1. The surprise increase by the headline index was partially due to a strong growth in new orders which surged up to 24.5 in February from the 10.1 posted back in January. Looking at the housing market, demand for new single-family homes held steady as the National Association of Home Builders' housing market index was flat at 72 for February. The NAHB/Wells Fargo housing market index revealed that the current single-family home sales index had dipped to 78 from 79, while the sales expectations index for the next six months rose to 80 from 78 and the traffic of prospective buyers index remained at 54. "Builders are excited about the pro-business political climate that will strengthen the housing market and support overall economic growth," NAHB Chairman Randy Noel said. "However, they need to manage supply-side construction hurdles, such as shortages of labour and lots and building material price increases." In corporate news, technology group Cisco Systems gained 4.73% after it reported its first rise in quarterly revenue in more than two years on Wednesday and struck an upbeat note on profit for the current quarter. TripAdvisor moved ahead 4.13%, giving up some earlier gains, after the online travel review portal’s quarterly earnings beat expectations late on Wednesday. Direct marketing cosmetics firm Avon Products picked up 11.98% as its fourth-quarter profit came in ahead of analysts' expectations, but sales fell a little short. E-commerce platform provider Shopify clawed back earlier losses, eking out gains of 0.15% in New York after posting a 71% jump in fourth-quarter revenue. Dow Jones - Risers Cisco Systems Inc. (CSCO) $44.08 4.73%
Nike Inc. (NKE) $68.29 3.67%
United Technologies Corp. (UTX) $130.01 3.37%
Boeing Co. (BA) $356.46 3.37%
Apple Inc. (AAPL) $172.99 3.36%
Visa Inc. (V) $122.31 3.35%
JP Morgan Chase & Co. (JPM) $115.53 2.74%
Walmart Inc. (WMT) $103.23 2.23%
Pfizer Inc. (PFE) $35.73 2.20%
Microsoft Corp. (MSFT) $92.66 2.04% Dow Jones - Fallers McDonald's Corp. (MCD) $160.78 -1.00%
Chevron Corp. (CVX) $112.53 -0.97%
Verizon Communications Inc. (VZ) $49.73 -0.68%
General Electric Co. (GE) $14.85 -0.34%
Unitedhealth Group Inc. (UNH) $226.05 -0.27%
Exxon Mobil Corp. (XOM) $76.21 -0.12%
Home Depot Inc. (HD) $185.23 0.29%
American Express Co. (AXP) $96.58 0.34%
Walt Disney Co. (DIS) $105.20 0.57%
Dowdupont Inc. (DWDP) $71.87 0.76% S&P 500 - Risers Interpublic Group of Companies Inc. (IPG) $25.08 12.87%
Under Armour Inc. Class A (UAA) $18.41 10.24%
EQT Corp. (EQT) $53.36 9.96%
CenturyLink Inc. (CTL) $19.13 8.82%
Frontier Communications Co. (FTR) $8.89 8.02%
Molson Coors Brewing Co. Class B (TAP) $81.74 7.98%
Zoetis Inc (ZTS) $78.50 7.18%
Range Resources Corp. (RRC) $13.63 7.07%
Spectra Energy Corp. (SE) $12.38 6.72%
Progressive Corp. (PGR) $56.79 6.71% S&P 500 - Fallers Equinix, Inc. (EQIX) $407.31 -6.54%
NetApp Inc. (NTAP) $57.67 -4.90%
Alliance Data Systems Corp. (ADS) $240.65 -3.76%
Omnicom Group Inc. (OMC) $77.29 -2.87%
Diamond Offshore Drilling Inc. (DO) $13.82 -2.74%
Marriott International - Class A (MAR) $141.29 -2.72%
Centene Corp. (CNC) $99.76 -2.32%
Devon Energy Corp. (DVN) $34.74 -2.31%
Patterson Companies Inc. (PDCO) $31.00 -2.08%
Halliburton Co. (HAL) $46.89 -2.05% Nasdaq 100 - Risers Netflix Inc. (NFLX) $280.27 5.36%
Baidu Inc. (BIDU) $248.20 5.22%
Cisco Systems Inc. (CSCO) $44.08 4.73%
Applied Materials Inc. (AMAT) $53.99 3.91%
Tesla Inc (TSLA) $334.07 3.65%
Cerner Corp. (CERN) $64.40 3.50%
Maxim Integrated Products Inc. (MXIM) $61.21 3.50%
Activision Blizzard Inc. (ATVI) $71.99 3.36%
Apple Inc. (AAPL) $172.99 3.36%
Intuit Inc. (INTU) $169.31 3.30% Nasdaq 100 - Fallers Liberty Global plc Series A (LBTYA) $34.05 -6.69%
Liberty Global plc Series C (LBTYK) $33.01 -5.47%
Incyte Corp. (INCY) $85.59 -2.93%
Marriott International - Class A (MAR) $141.29 -2.72%
QUALCOMM Inc. (QCOM) $65.28 -1.97%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $204.00 -1.33%
Express Scripts Holding Co (ESRX) $74.07 -1.15%
Liberty Interactive Corporation QVC Group (QVCA) $27.80 -0.61%
Alexion Pharmaceuticals Inc. (ALXN) $122.71 -0.40%
Gilead Sciences Inc. (GILD) $81.55 -0.33% |
| | 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. |
| | Friday newspaper round-up: Tesco, homes, Brexit, internet tax | One of the City’s most influential shareholder advisory groups has told investors in Booker Group to vote against a proposed £3.7 billion sale of the cash-and-carry business to Tesco. With just two weeks before a shareholder vote on the takeover, Institutional Shareholder Services (ISS) said that the recent uplift in Booker’s share price meant that Tesco “appears to be getting the better deal under the current terms”. - The Times More than 423,000 new homes in Britain have been granted planning permission but are still waiting to be built – despite the country suffering a chronic housing shortage. Councils are approving nine in every 10 planning applications, but sites are being left empty as developers fail to build quickly enough, and councils are unable to step in. - Telegraph A major business group has put forward a bespoke Brexit solution which it believes will protect manufacturers from customs chaos but also allow the UK to strike independent trade deals. The Institute of Directors, a trade body with a membership of 30,000 business leaders, has proposed a customs arrangement that would allow for easy trade in industrial products and some processed foods. - Telegraph Britain could raise new taxes on Amazon, Facebook and Apple to give every citizen under the age of 55 as much as £10,000 in a form of universal basic income (UBI), according to a study, helping to counter the growing risk of job losses from automation and artificial intelligence. The Royal Society of Arts is proposing that the government develop fresh taxes on tech firms, introduce wealth taxes, or borrow money from the financial markets to create a Norwegian-style sovereign wealth fund to pay for UBI. - Guardian Donald Trump is a strong supporter of a national tax on internet sales, Treasury Secretary Steve Mnuchin said, throwing significant weight behind calls to overhaul legislation on the issue. Speaking to the House Ways and Means Committee, Mr Mnuchin said the US president “does feel strongly” about introducing an online sales tax. - Telegraph The Government’s infrastructure tsar has slammed its bungling of the Crossrail 2 project and warned that Britain’s “historic weakness” in strategic infrastructure planning risks scuppering its post-Brexit growth. The first report from the National Infrastructure Commission (NIC) branded progress on South East England’s mega rail project “hugely disappointing” and also heaped criticism on the pace of progress for the Northern Powerhouse Rail and Heathrow expansion projects. - Telegraph The chances of a young adult on a middle income owning a home have more than halved in the past two decades. New research from the Institute for Fiscal Studies shows how an explosion in house prices above income growth has increasingly robbed the younger generation of the ability to buy their own home. - Guardian The top City firms Slaughter and May, Lazard and Morgan Stanley have been dragged into the parliamentary investigation into the collapse of Carillion and asked what fees they extracted from the business before its failure. The joint parliamentary inquiry has written to the firms in the wake of a claim by Carillion’s chairman, Philip Green, that they were involved “intimately” with the business in the last 12 to 18 months before its implosion. - The Times Atari has become the latest company to pivot to cryptocurrency, launching a digital coin in a bid to revive the gaming pioneer's fortunes. Atari, the creator of some of the most iconic video games consoles of the 1970s and 80s, is to launch "Atari Token", its own cryptocurrency. - Telegraph Shampoo, oven cleaner, deodorant and other household products are as significant a source of the most dangerous form of air pollution as cars, research has found. Scientists studying air pollution in Los Angeles found that up to half of particles known as volatile organic compounds (VOCs) came from domestic products, which also include paint, pesticides, bleach and perfumes. - The Times Burberry has struck a global partnership with Farfetch, the online luxury fashion platform, to help it access younger consumers. The British fashion house said that all its products, from trench coats to accessories, would be available online in 150 countries. Burberry, which was started in 1856, said that the deal would expand its distribution globally. - The Times More than 100 BBC presenters are facing tax bills that could run into hundreds of thousands of pounds after a former star lost her case against HMRC. Christa Ackroyd earned more than the Prime Minister as co-host of the regional Look North programme on BBC One. She was paid as a freelancer through a personal services company at the BBC's request, but HMRC ruled that she should have paid the same level of tax as a BBC employee. - Guardian Uber is seeking to take control of bus, bike and underground train networks as part of its goal to become the dominant source of urban transport. Commuters could travel seamlessly between locations using all forms of public and private transport if Uber expanded its technology, according to Dara Khosrowshahi, the taxi-hailing company’s chief executive. - The Times Google has made a move to bulk up its cloud business, by agreeing to buy Internet of Things software provider Xively. The internet search company is paying $50m (£35m) for Xively, currently a division of Boston-based web conferencing company LogMeIn. - Telegraph Kanye West has “amicably resolved” his $10 million lawsuit with Lloyd’s of London over cancelled tour dates. The tour had 21 dates left in November 2016 when the rap star pulled out of the remaining shows after falling ill. Lloyd’s alleged that West had used marijuana and refused to pay out, citing a clause in the contract about alcohol and drug use. - The Times American children who like a slice of processed cheese on their McDonald’s hamburger are in for a shock — the fast food giant is removing the cheeseburger from its Happy Meal menu. The company announced the move yesterday as part of a wider goal to cut calories, salt, saturated fat and sugar from the Happy Meal, which it launched in 1979. Chocolate milk is also off the menu from June this year. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
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