| | | | | | | 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 tumble after US and Asian bloodbath London stocks dived in early trade on Tuesday, taking their cue from a bloodbath on Wall Street and in Asia as investors fret that rising inflation will force the Fed to hike rates more than initially expected this year. At 0840 GMT, the FTSE 100 was down 2.2% to 7,176.56, while the pound was flat against the dollar at 1.3964 and down 0.4% versus the euro at 1.1248. On Monday, the Dow lost 4.6% or 1,175 points to 24,345.75, having fallen nearly 1,600 points intraday, while the S&P 500 ended down 4.1% at 2,648.94. The S&P and the Dow suffered their biggest declines since August 2011, while in Asia, it was a similar picture, with the Nikkei and Hang Seng both down more than 4.5%. US stocks had enjoyed record highs recently as investors welcomed President Donald Trump's tax overhaul, but a strong non-farm payrolls report last Friday, which showed the best US wage growth in eight-and-a-half years, prompted fears that the Fed may need to hike rates more than previously anticipated. Market commentators also suggested that automatic trades could have been behind the sharp move lower seen on Monday. With major indices now down more than 10% from their recent highs, equity markets are now in correction mode. James Hughes, chief market analyst at Axi Trader, said: "The question will be asked whether this is a market correction or a something more sinister for the global economy. A 1000+ fall will give people flash backs of 2007-2008, however economically we are not in the same position so I do not think that is a fear. So far, this is just a long awaited stock market correction, one that could have a lot further to go. When an asset flies higher in value so aggressively, the fall is always equally as quick." Naeem Aslam at Think Markets said the fact that there has been no panic buying of gold suggests this is "a healthy correction". "Under a real panic situation, we would have seen more than $40 move in a single day for the gold price," he said. With stocks mired in the red across the board, it didn't seem to matter too much whether individual company news flow was good or bad. Oil giant BP was weaker even as it reported a surge in profit to $2.1bn (£1.5bn) in the fourth quarter from $400m a year earlier as the oil company increased production. Underlying replacement cost profit for the three months to the end of December jumped as BP increased production at its upstream business. For the full year profit more than doubled to $6.2bn from $2.6bn. Hargreaves Lansdown was lower even as it said interim assets under administration rose 9% to £86.1bn and pre-tax profit was up 12%, and lifted its dividend by 17% to 10.1p per share. Ocado slumped as it posted strong sales growth from a "transformational" year, but also asked investors for extra cash as profits in 2018 will be hit by investment in new facilities. EasyJet flew lower after it reported an 8.7% jump in January traffic on Tuesday as the load factor ticked up, while Babcock International fell after saying that adjusted earnings for 2018 will be in line with management expectations, but revenue will fall short due to tough trading conditions. Stagecoach shares crashed after the UK transport minister said on Monday that the government could take over the company's running of the rail route between London and Edinburgh after it got its numbers wrong when bidding to run the franchise. Sanne Group retreated as it said it still expects to report underlying earnings per share in line with the board's expectations for the year. St Modwen Properties was on the back foot after posting a rise in full-year profit and announcing the retirement of chairman Bill Shannon. Softcat, a provider of IT infrastructure products and services, managed to rack up strong gains after saying results are expected to be "slightly exceed" of previous expectations for the full year. On the broker note front, LSE was upgraded to 'overweight' at JPMorgan, while Direct Line was lifted to 'overweight' at Barclays. |
| | Leeds City Centre Apartments | | Invest in the UK’s number 1 property hotspot Priced from just £124,995 Fully managed, 6.5% NET yields Only 33 Units available, Expected to sell out within weeks Find Out More |
| | Market Movers FTSE 100 (UKX) 7,176.56 -2.16%
FTSE 250 (MCX) 19,235.29 -2.31%
techMARK (TASX) 3,232.48 -2.28% FTSE 100 - Risers Randgold Resources Ltd. (RRS) 6,590.00p 1.01%
Sky (SKY) 1,050.50p 0.05%
Fresnillo (FRES) 1,305.50p -0.57%
Reckitt Benckiser Group (RB.) 6,466.00p -1.36%
British American Tobacco (BATS) 4,569.50p -1.36%
London Stock Exchange Group (LSE) 3,900.00p -1.39%
GKN (GKN) 403.20p -1.42%
Pearson (PSON) 680.20p -1.42%
Relx plc (REL) 1,473.00p -1.47%
BP (BP.) 474.80p -1.50% FTSE 100 - Fallers Scottish Mortgage Inv Trust (SMT) 419.70p -5.51%
NMC Health (NMC) 3,056.00p -4.74%
Mediclinic International (MDC) 562.20p -3.80%
Standard Life Aberdeen (SLA) 403.10p -3.40%
AstraZeneca (AZN) 4,721.00p -3.39%
Smiths Group (SMIN) 1,503.00p -3.34%
Ashtead Group (AHT) 1,968.00p -3.29%
Kingfisher (KGF) 345.90p -3.19%
Persimmon (PSN) 2,395.39p -3.02%
Glencore (GLEN) 375.30p -2.99% FTSE 250 - Risers TI Fluid Systems (TIFS) 262.00p 0.77%
Rank Group (RNK) 228.50p 0.44%
Softcat (SCT) 520.00p 0.39%
Aldermore Group (ALD) 311.60p 0.06%
NB Global Floating Rate Income Fund Ltd GBP (NBLS) 94.10p 0.00%
Greencoat UK Wind (UKW) 120.20p 0.00%
Syncona Limited NPV (SYNC) 204.50p 0.00%
HarbourVest Global Private Equity Limited A Shs (HVPE) 1,232.00p 0.00%
Scottish Inv Trust (SCIN) 829.00p 0.00%
Purecircle Limited (DI) (PURE) 421.00p 0.00% FTSE 250 - Fallers Stagecoach Group (SGC) 130.00p -10.53%
Polar Capital Technology Trust (PCT) 1,018.00p -6.95%
Ocado Group (OCDO) 459.10p -6.78%
Sirius Minerals (SXX) 21.44p -6.52%
Woodford Patient Capital Trust (WPCT) 72.95p -6.12%
Herald Investment Trust (HRI) 1,054.00p -5.47%
Sanne Group (SNN) 676.00p -5.45%
Man Group (EMG) 197.00p -5.24%
Vectura Group (VEC) 82.35p -5.18% |
| | 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 |
| | Europe Market Report |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Europe open: Continental bourses join in stockmarket blood-letting European bourses joined in the bout of stock market blood-letting globally following a violent correction overnight on Wall Street as expectations firm for central banks' policy normalisation to continue. The pan-European Stoxx 600 index was down 2.15% to 373.8 just before 0900 GMT, while the DAX was 2% lower at 12,430.57 as it recovered from initial losses of more than 3%. The CAC 40 in Paris was down 1.9% at 5,185.17, the FTSE MIB in Milan lost 1.7% to 22445.51. In a typical flight-to-safety move, the yield on the benchmark 10-year German bund fell by four basis points to 0.70%. Overnight, the Dow suffered its biggest points loss ever for a single session as it plunged 1,175 points to 24,345.75, having fallen nearly 1,600 points intraday, while the S&P 500 ended down 4.1% at 2,648.94. Meanwhile, the S&P and the Dow suffered their biggest declines since August 2011, while in Asia it was a similar picture overnight, with the Nikkei and Hang Seng both down more than 4.5%. Meanwhile, the VStoxx index of volatility for the Eurostoxx 50 index was jumping 24.02% to 23.38 points. Having enjoyed a succession of record highs last month as investors welcomed President Donald Trump's tax overhaul, recent signs of life in bond yields were followed by a strong non-farm payrolls report last Friday that prompted fears that the Federal Reserve's policymakers may need to hike rates by more than previously anticipated. "Following Friday's battering, the 1100-pt fall for the Dow yesterday means we're in correction mode," said analyst Neil Wilson at ETX Capital, with futures markets pointing to further losses for the Dow and the VIX volatility index leaping to 38 in what is its best month since 2008. "If investors look at underlying earnings growth and the fundamentals of the global economy, there is reason for optimism. However once this kind of stampede starts it's hard to stop," Wilson added. "So if the fundamentals are ok, then this looks like a technically driven selloff ?" therefore one that should not herald Armageddon. Plenty have noted that equities were jacked up by low rates and now need to readjust to higher rate world." Naeem Aslam at Think Markets said the fact that there has been no panic buying of gold suggests this is "a healthy correction". "Under a real panic situation, we would have seen more than $40 move in a single day for the gold price," he said, while pointing the finger at algorithm-based funds for the size of the market's falls. |
| | 
Top of the stocks Number of Deals Bought Number of Deals Sold |
| | Share Tips for 2018 | | The Share Centre’s investment research analyst Ian Forrest, comments on five equities, an investment trust as well as an ETF that our expert research team think could flourish in 2018. Read more. Capital at risk. |
| | Cryptocurrencies Report | | Top Cryptocurrencies | # | Name | Market Cap($) | Price(%) | Change | Price Graph(3m) | | 1 |  | Bitcoin (BTC) | 112,519,461,534 | 6,699.7 | -3.8% |  | | 2 |  | Ethereum (ETH) | 63,064,977,409 | 648.84 | -7.51% |  | | 3 |  | Ripple (XRP) | 25,558,175,060 | 0.64686 | -4.99% |  | | 4 |  | Bitcoin Cash / BCC (BCH) | 14,618,763,574 | 863.28 | -2.61% |  | | 5 |  | Cardano (ADA) | 7,739,982,441 | 0.291 | -8.2% |  | | 6 |  | Litecoin (LTC) | 6,516,943,063 | 118.91 | -5.47% |  | |
| | Atlantic Advisory - Share Tips of the Year 2018 | | Download Our Latest Report Here Losses can exceed deposits |
| | US Market Report | | US close: Dow loses 1,175 points, erases 2018 gains as stocks tumble The selloff in US stocks intensified on Monday, with the Dow falling nearly 1,600 points during the session and marking its biggest ever intraday drop, as investors fretted that the Federal Reserve will hike rates more than initially expected this year. The Dow Jones Industrial Average tumbled 4.6% or 1,175 points to 24,345.75 - off the day's lows but still erasing all of its gains for the year - while the S&P 500 ended down 4.1% or 113 points at 2,648.94 and the Nasdaq slid 3.8% or 273 points to 6,967.53. US stocks had enjoyed record highs recently as investors welcomed President Trump's tax overhaul, but a strong non-farm payrolls report last Friday, which showed the best US wage growth in eight-and-a-half years, has prompted fears that the Fed may need to hike rates more than previously expected this year. Market commentators also suggested that automatic trades could have been behind the sharp declines seen on Monday. Oanda analyst Craig Erlam pointed to the fact that the Dow suffered heavy losses in a very short period of time. "Naturally there are a lot of questions being asked about the role of automated trading in the collapse and I'm sure the discussion will happen over the coming days but the important thing is that markets have recovered from the initial shock. "With this being the second consecutive session in which we've had heavy selling, traders are looking for reasons for the decline and whether further downside is to come. Higher yields on the expectation that interest rates will rise faster than expected has been blamed until now and could be responsible for what will hopefully prove to be a brief and healthy correction." Meanwhile, Naeem Aslam at Think Markets said: "Looking at the market reaction, it appeared that something exploded on Wall Street because the Dow Jones was dropping like a rock and traders were feeling that nothing can stop that. In other words, it was a war, a war between machines. Algos triggered once again! The regulators need to address this issue because a drop like this is worse than anything on the street, we are talking about real companies with revenue streams. "The most interesting aspect was that we didn't see the mammoth move in gold and the reason for that is because it was the war of machines and this was not 1987- at least for now. The volatility index on the other hand exploded quickly and surpassed levels which we have not seen in years." With equity markets in free fall, Treasury prices rose across the board as investors looked for somewhere safe to park their cash. The yield on the 10-year Treasury note, which moves inversely to prices, dropped 5.8 basis points to 2.794%, having risen earlier in the day . On the data front, investors were digesting two readings on the US services sector. IHS Markit's flash manufacturing index fell to 53.3 from 53.7 in December, hitting a nine-month low but still above the 50.0 mark that separates contraction from expansion. Meanwhile, the composite PMI output index fell to 53.8 in January from 54.1 in December, with a slowdown in services offsetting an acceleration in output growth in the manufacturing sector. Elsewhere, the Institute for Supply Management's index of non-manufacturing activity rose to 59.9 from 56.0 in January, exceeding expectations for a reading of 56.7. The non-manufacturing business activity index rose to 59.8 from December's reading of 57.8. The new orders index printed at 62.7 from 54.5 in December and the employment index rose to 61.6 from 56.1, while the prices index edged up to 61.9 in January from 56.3 the month before. In corporate news, Bristol-Myers Squibb ended in the red despite posting better-than-expected fourth quarter earnings. Qualcomm ended the session sharply lower after Broadcom sweetened its offer for the company to $82 per share from $70 per share in November. Wells Fargo was under the cosh after it said Federal Reserve sanctions over its customer account scandals could dent profit by as much as $400m this year. Earnings are still due this week from General Motors, Walt Disney, Tesla and Twitter. |
| | 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. |
| | Newspaper Round Up | | Tuesday newspaper round-up: Retailers, Brexit, Carillion, London property prices Britain’s retailers battled through “tough” trading conditions in January as consumers preserved their cash for essential food shopping and shunned big ticket purchases. Non-food sales declined by 1.2% in the three months to the end of January with furniture sellers, shoe shops and high street clothing retailers recording their worst performance since 2009, according to British Retail Consortium (BRC) and KPMG data. – Guardian The head of Britain's financial watchdog has warned both sides in the Brexit talks that they will be risking mutually damaging instability unless they agree to a transition deal smoothing the UK's departure within the next two months. Andrew Bailey, chief executive of the Financial Conduct Authority, said City regulators needed time to sort out issues including the validity of derivatives contracts, clearing financial trades and cross-border flows of data. ?" Guardian Carillion's directors have been accused of ignoring concerns about the health of its pension scheme for at least five years in evidence published ahead of their appearance at a parliamentary select committee tomorrow. A paper prepared for the company's pension trustee board in 2012 by its advisors Gazelle Corporate Finance suggested that Carillion was more focussed on "repaying acquisition debt, a progressive dividend policy and equity payments into PPP projects" than paying into its pension scheme. ?" Telegraph Britain's largest car builder Jaguar Land Rover has blamed the cost of R&D and new model launches on a 25pc fall in pre-tax profits. Posting third-quarter numbers, the Coventry-based business said despite global vehicle sales rising 3.5pc to 154,447 during the three months to the end of December, pre-tax profits dropped from £255m last time round to £192m. JLR said revenues rose by 4.3pc during the quarter to £6.3bn. - Telegraph Britain has been told to follow the examples of France and the Netherlands and end the comedy of errors that is the government's strategy on infrastructure investment. The Institute for Government think tank says that infrastructure planning in the UK can be summed up by the Great Western rail fiasco, in which electric trains are running on unelectrified track, and the southeast airport expansion, which, after years of handwringing, has left no one any the wiser as to whether a new runway will be built at Heathrow or Gatwick, or at all. ?" The Times The number of homes sold in the most expensive postcodes of London fell by 3.6 per cent last year compared with 2016, reflecting a wider slowdown across much of the UK. Transactions fell in the "prime" areas of the capital's housing market, particularly for homes priced below £2 million, according to Lonres, a property data provider. ?" 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. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49 | |
No comments:
Post a Comment