Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Friday, 23 February 2018 10:05:49 Monitor Quote Charts News CFD's Compare Brokers Free BB   Get Your FREE Weekly Bitcoin Newsletter From Guardian Stockbrokers Click Here To Subscribe For FREE Today All trading involves risk. Losses can exceed deposits. London open: Stocks edge down as RBS, IAG disappoint; Pearson bucks trend FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts Equity markets in London edged lower early trade on Friday, weighed down by disappointing results from RBS and IAG, although Pearson was a bright spot. At 0845 GMT, the FTSE 100 was down 0.2% to 7,235.75, while the pound was up 0.2% against the dollar at 1.3977 and 0.3% firmer versus the euro at 1.1351. Stocks had been called to open lower after the main indices on Wall Street ended off their highs. In corporate news, Royal Bank of Scotland was under the cosh even as it clambered back into the black in 2017 for the first time in a decade, as the taxpayer-owned bank took a hit in the fourth quarter from restructuring, litigation and conduct charges. Spreadex analyst Connor Campbell said: "It seems that investors were put off by the lack of clarity surrounding RBS’ settlement with the US Department of Justice - which was meant to be sorted last year - with the bank still in line for a potentially colossal fine. In regards to that, RBS set aside another £492m, taking its total US litigation kitty to £3.2bn." British Airways owner International Consolidated Airlines Group was also weaker as its reported 19% jump in full-year operating profit fell short of analysts’ expectations. Bookmaker William Hill fell after saying it swung to a £75m pre-tax loss in 2017 compared to a profit of £181m the year before. On the bright side, educational publisher Pearson was higher after saying it swung to a full-year pre-tax profit of £421m from a £2.5bn loss the year before. Standard Life Aberdeen rose after confirming the sale of its insurance arm to Phoenix for £3.2bn. Phoenix rallied on the news. Life insurer Aviva was in the black after saying it has sold two more life and pensions joint ventures in Spain for £178m in cash, while Rightmove gained as it reported a 10% jump in full-year operating profit as revenue and customer numbers grew. In broker note action, Barclays was reinstated at ‘buy’ at Cenkos Securities, while Lancashire was upgraded to ‘neutral’ at Credit Suisse. Moneysupermarket was cut to ‘hold’ at Canaccord, BAE Systems was downgraded to ‘underweight’ at JPMorgan and Petrofac was cut to ‘underweight’ Morgan Stanley. Market Movers FTSE 100 (UKX) 7,235.75 -0.23% FTSE 250 (MCX) 19,754.10 0.09% techMARK (TASX) 3,325.30 -0.22% FTSE 100 - Risers Pearson (PSON) 738.40p 4.77% BT Group (BT.A) 239.80p 3.21% Hammerson (HMSO) 474.00p 0.89% RSA Insurance Group (RSA) 637.40p 0.76% United Utilities Group (UU.) 668.80p 0.72% Severn Trent (SVT) 1,722.00p 0.70% Vodafone Group (VOD) 203.05p 0.59% Shire Plc (SHP) 3,055.00p 0.59% British American Tobacco (BATS) 4,377.00p 0.52% SEGRO (SGRO) 587.00p 0.48% FTSE 100 - Fallers Royal Bank of Scotland Group (RBS) 269.20p -4.54% International Consolidated Airlines Group SA (CDI) (IAG) 601.80p -3.34% BAE Systems (BA.) 574.20p -1.85% Micro Focus International (MCRO) 2,042.00p -1.21% easyJet (EZJ) 1,666.00p -1.10% BP (BP.) 469.70p -0.89% Rentokil Initial (RTO) 290.80p -0.89% Antofagasta (ANTO) 894.40p -0.86% Rolls-Royce Holdings (RR.) 832.40p -0.86% Fresnillo (FRES) 1,315.00p -0.83% FTSE 250 - Risers Phoenix Group Holdings (DI) (PHNX) 814.50p 7.24% TalkTalk Telecom Group (TALK) 99.87p 2.23% Hiscox Limited (DI) (HSX) 1,420.00p 2.16% BGEO Group (BGEO) 3,372.00p 1.93% Lancashire Holdings Limited (LRE) 583.50p 1.92% Spire Healthcare Group (SPI) 245.00p 1.66% CLS Holdings (CLI) 214.50p 1.66% Rank Group (RNK) 226.15p 1.64% Saga (SAGA) 118.90p 1.62% Rightmove (RMV) 4,377.00p 1.55% FTSE 250 - Fallers SIG (SHI) 144.40p -3.73% Cobham (COB) 120.25p -2.55% Grafton Group Units (GFTU) 783.00p -2.55% Man Group (EMG) 182.80p -2.01% Mitie Group (MTO) 159.70p -1.84% Rathbone Brothers (RAT) 2,700.00p -1.82% William Hill (WMH) 325.30p -1.75% Aveva Group (AVV) 2,896.00p -1.63% Travis Perkins (TPK) 1,410.00p -1.57% Petrofac Ltd. (PFC) 421.70p -1.43% Crypto Pizza Evening with Clem Chambers, CEO of Online Blockchain In May 2010, programmer Laszlo Hanyecz bought two pizzas from Papa Johns for 10,000 bitcoins. Had he kept the coins, as of today they would be worth a cool $86,000,000. Join us on Wednesday 14 March for a crypto pizza 'Bite' on Clem Chambers, the CEO of the first London-listed British blockchain company - Click Here To Register For Free  Market Analysis 23/02/2018 Today’s highlights: Fed minutes push global markets down Wall Street closes lower: A volatile session in the US yesterday, as leading indices started the day with sharp gains, but eventually closed lower. The trend reversal occurred following the release of minutes from the latest FOMC meeting, which showed the Fed could be planning more rate hikes. Despite the negative momentum, some stocks continued to show gains, such as Domino’s Pizza, which climbed more than 4% to reach a new all-time high. Asia follows Wall Street’s lead: Top indices in Asia, such as the Nikkei and China50, were seen lower this morning. Read More... US close: Solid jobs data sees markets rise Stocks rose across the board in the US on Thursday, after positive data on the labour market offset investor concerns surrounding potential interest rate hikes coming from the Federal Reserve's most recent meeting. The Dow Jones Industrial Average rose 0.66% to 24,962.48, the S&P 500 was ahead 0.1% at 2,703.96 and the Nasdaq 100eked out gains of 0.04% to 6,761.85. Released late on Wednesday, the latest Fed minutes revealed that officials at the central bank saw an increased economic growth outlook and a rise in inflation as justification to keep lifting rates gradually. "A majority of participants noted that a stronger outlook for economic growth raised the likelihood that further gradual policy firming would be appropriate," the minutes stated. Previously, the policy statement said that gradual increases in the federal funds rate were likely to be appropriate but the use of the word "further" this time was what seemed to rattle investors. Daiwa Capital Markets said that "further" could mean more increases than currently built into the dot plot, or it could mean more than the five changes that have occurred since late 2015. "In reading the minutes we did not get the sense that the Committee was attempting to signal a likely upward shift in the dot plot. “Rather, we viewed the wording change as a signal that officials were more confident that the economy would be performing well and that the Fed would remain active this year,” Daiwa noted. “To be sure, four tightenings are possible this year, especially with the budget agreement adding another dose of fiscal stimulus, but four shifts are not assured.” The broker stood by its forecast of three for now, but said this would quickly change if the economy shows signs of growing faster than 2.5%. In corporate news, shares in video streaming hardware maker Roku plunged 17.71% following a disappointing outlook late on Wednesday, while Cheesecake Factory gained 3.7% despite its quarterly revenue falling short of expectations. Elsewhere, Chesapeake Energy soared 21.67% after better-than-expected fourth-quarter earnings, and car rental giant Avis Budget Group picked up 13.45% on its own unexpectedly positive results. Ailing music streaming provider Pandora Media shed 7.19% after it posted a wider-than-expected adjusted net loss, despite stronger-than-expected quarterly revenue on Wednesday. Wayfair shares tumbled 22.72% after the online home goods retailer reported a wider-than-expected fourth-quarter loss. On the data front, initial US jobless claims fell by 7,000 to 222,000 in the seven days ended 17 February, beating analysts' estimates of 230,000 to come in at the second-lowest level since the end of the 2007-2009 recession. Dow Jones - Risers United Technologies Corp. (UTX) $133.58 3.41% Caterpillar Inc. (CAT) $158.86 2.35% 3M Co. (MMM) $235.82 1.65% Walmart Inc. (WMT) $92.80 1.37% Home Depot Inc. (HD) $185.47 1.32% Dowdupont Inc. (DWDP) $71.93 1.31% Exxon Mobil Corp. (XOM) $75.86 1.30% McDonald's Corp. (MCD) $160.65 1.27% Boeing Co. (BA) $355.92 1.04% General Electric Co. (GE) $14.62 0.90% Dow Jones - Fallers Cisco Systems Inc. (CSCO) $42.94 -0.85% Goldman Sachs Group Inc. (GS) $261.58 -0.75% Travelers Company Inc. (TRV) $137.66 -0.65% International Business Machines Corp. (IBM) $153.18 -0.51% Intel Corp. (INTC) $45.80 -0.30% Verizon Communications Inc. (VZ) $47.87 -0.19% JP Morgan Chase & Co. (JPM) $114.98 -0.18% American Express Co. (AXP) $97.36 -0.13% Pfizer Inc. (PFE) $35.74 -0.08% Visa Inc. (V) $120.38 -0.07% S&P 500 - Risers Chesapeake Energy Corp. (CHK) $3.20 21.21% SCANA Corp. (SCG) $39.96 9.97% Southwestern Energy Co. (SWN) $3.69 5.43% FMC Technologies Inc. (FTI) $30.54 4.98% Advance Auto Parts (AAP) $110.49 4.88% Diamond Offshore Drilling Inc. (DO) $14.60 4.58% Hess Corp. (HES) $47.07 4.00% Transocean Ltd. (RIG) $9.36 3.88% Murphy Oil Corp. (MUR) $26.12 3.73% Extra Space Storage (EXR) $84.53 3.66% S&P 500 - Fallers Stericycle Inc. (SRCL) $60.63 -19.06% Frontier Communications Co. (FTR) $8.06 -7.99% Apache Corp. (APA) $34.83 -6.32% Spectra Energy Corp. (SE) $11.99 -4.47% TEGNA Inc (TGNA) $13.60 -2.86% Amerisource Bergen Corp. (ABC) $97.12 -2.82% Navient Corporation (NAVI) $13.07 -2.68% Bed Bath & Beyond Inc. (BBBY) $21.63 -2.52% Keycorp (KEY) $20.53 -2.49% Garmin Ltd. (GRMN) $60.39 -2.38% Nasdaq 100 - Risers Tesla Inc (TSLA) $346.17 3.86% Align Technology Inc. (ALGN) $259.68 2.99% PACCAR Inc. (PCAR) $70.40 1.70% Fiserv Inc. (FISV) $142.11 1.66% Dish Network Corp. (DISH) $43.87 1.60% Paypal Holdings Inc (PYPL) $77.70 1.56% Expedia Inc. (EXPE) $104.53 1.50% Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $204.05 1.42% JD.com, Inc. (JD) $47.81 1.38% Dollar Tree Inc (DLTR) $107.00 1.24% Nasdaq 100 - Fallers Synopsys Inc. (SNPS) $84.38 -4.61% Alexion Pharmaceuticals Inc. (ALXN) $114.59 -2.14% QUALCOMM Inc. (QCOM) $62.18 -1.92% Hasbro Inc (HAS) $97.31 -1.78% DENTSPLY Sirona Inc. (XRAY) $57.11 -1.64% Gilead Sciences Inc. (GILD) $79.40 -1.60% Express Scripts Holding Co (ESRX) $74.72 -1.46% Wynn Resorts Ltd. (WYNN) $164.19 -1.30% Starbucks Corp. (SBUX) $55.40 -1.25% Cadence Design Systems Inc. (CDNS) $38.80 -1.17% Looking for early access to investment opportunities? Make your own informed investment decisions. Get the right tools and information at Master Investor Show 2018. Register for free today Cryptocurrencies Report Top Cryptocurrencies # Name Market Cap($) Price(%) Change Price Graph(3m) 1 Bitcoin (BTC) 170,513,783,930 10,112 +2.87% 2 Ethereum (ETH) 83,699,399,413 853.2 +6.27% 3 Ripple (XRP) 38,806,634,405 0.95461 +7.4% 4 Bitcoin Cash / BCC (BCH) 21,397,060,458 1,204.8 +0.06% 5 Litecoin (LTC) 11,073,412,107 205.71 +6.59% 6 Cardano (ADA) 8,768,664,891 0.317814 +1.64% Atlantic Advisory - Share Tips of the Year 2018 Download Our Latest Report Here Losses can exceed deposits Friday newspaper round-up: Tech taxes, Brexit, Snapchat, Carillion The Treasury is threatening digital companies such as Facebook and Google with a new tax, as it pushes for global agreement on a fairer system for ensuring digital businesses pay their way. The chancellor, Philip Hammond, is expected to use next month’s spring statement to announce the results of a consultation launched by the Treasury in November, on how to update the tax system to reflect the nature of online businesses. – Guardian Jeremy Corbyn could use a key Brexit speech on Monday to pave the way for Labour to inflict a Commons defeat on the government, by backing a rebel Tory amendment seeking to keep Britain in “a customs union”. With Theresa May expected to unveil her vision for departure from the EU next week, following eight hours of talks with key ministers at the prime minister’s Chequers country retreat, she now faces the prospect of Labour sabotaging the carefully choreographed process. – Guardian Evan Spiegel, the co-founder and chief executive of Snapchat, was awarded a $638m (£458m) payout for 2017, a sum which is likely to make him among the best paid US executives for the year. It comes after he received a $636.6m stock award when Snap went public last year, and despite him having slashed his salary down to $1 from $500,000 in March, around the time of the photo messaging app's initial public offering. – Telegraph Standard Life Aberdeen has pressed the firing gun on its search for a new chairman as Sir Gerry Grimstone prepares to step down from the group. Sir Gerry plans to leave the firm's board in the second half of 2019, one person said, triggering the search for his successor barely a year after the £11bn merger between Standard Life and Aberdeen Asset Management. – Telegraph Lazard, Morgan Stanley and the stockbroker Stifel have been drawn into the parliamentary investigation into the collapse of Carillion after it emerged that there could have been a false market in the shares for at least six weeks before the construction company’s blockbuster profit warning last summer. It also emerged yesterday that Carillion directors could yet be forced to use millions of pounds of their own money to plug the hole in its pension funds. – The Times One of the country’s leading private providers of public services has warned the government about its treatment of outsourcing contractors, telling ministers that without reform Whitehall officials might create another Carillion. Rupert Soames, chief executive of Serco, said in an unprecedented intervention that the government needed to commit to transparency and co-operation if private sector companies were to continue delivering services in cleaning, catering and maintaining public buildings. – 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. 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