Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Thursday, 08 February 2018 09:36:28 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 Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Super Thursday kicks off on back foot but Compass bucks trend London stocks fell in early trade on Thursday, taking their cue from a negative close on Wall Street as investors eyed the latest minutes, rate announcement and quarterly Inflation Report from the Bank of England at midday. AT 0830 GMT, the FTSE 100 was down 0.4% to 7,248.41, while the pound was up 0.1% against the euro at 1.1324 and 0.2% weaker versus the dollar at 1.3858. Neil Wilson, senior market analyst at ETX Capital,said: "The BoE is not about to change rates and a 9-0 vote of the MPC in favour of the status quo is expected, although perennial hawks McCafferty and Saunders arguably might go for an early hike. There is also a low chance that the BoE will significantly alter its GDP or CPI projections. "Nevertheless, it may well sound more upbeat on the economy and Brexit. The market may also discern some hawkishness if the report moves away from stressing downside risks to the economy. At present the market is pricing for a hike later in the year but this outlook could be a little too pessimistic and some think that this meeting, while offering no material change, could just move the needle a little bit forwards. The market is giving the Bank an evens chance of hiking in May - unless it’s incredibly bland and noncommittal, this week’s meeting ought to offer more clarity about whether the MPC will go in May or will wait until later in the year. No change is expected but this one could soften up the market for a hike in May.” Investors and homeowners were also digesting the latest survey from the Royal Institution of Chartered Surveyors, which showed that the balance of surveyors reporting that house prices have risen over the last three months held steady at +8% in December, slightly above consensus expectations for a drop to +5%. Meanwhile, the new buyer enquiries balance rose to -11% from -15% but remained in negative territory for the tenth consecutive month. On the corporate front, Sophos shares tumbled as the network security solutions provider reported a 19.6% drop in adjusted operating profit for the third quarter. TalkTalk tanked after saying it was looking to raise £200m in a placing to bolster its balance sheet and warning that full-year earnings before interest, tax, depreciation and amortisation would come in below the guidance given in November. Thomas Cook was in the red after it said it remained on track to meet full-year forecasts but warned that the market remains highly competitive. Qinetiq fell after saying it traded as expected in the third quarter and maintaining its expectations for its overall performance in 2018, while Tate & Lylelost ground despite saying that it is on track to deliver full-year adjusted pre-tax profit in line with guidance at constant currency. Ashmore was weaker as it posted a drop in half-year profit but a rise in assets under management. On the upside, Compass was the standout gainer after it served up a first quarter update showing improved revenue growth even though the catering group said UK cost pressures were "above average". Smith & Nephew edged higher after it reported a 17% rise in annual profit as the medical products company sold more knee implants and grew strongly in emerging markets. Roadside assistance and insurance group AAsurged after saying full-year trading EBITDA is expected to come in at £390m to £395m, in line with the guidance provided in September, while Beazley racked up solid gains after its full-year pre-tax profit beat analysts' expectations. GlaxoSmithKline advanced as ViiV Healthcare, the global specialist HIV company majority-owned by the group with Pfizer and Shionogi as shareholders, said it has filed patent infringement litigation against Gilead Sciences over bictegravir in the US and Canada. Bellway nudged up after saying that housing revenue for the six months to the end of January 2018 is expected to rise to around £1.3bn from £1.1bn in the same period a year ago amid strong demand. Market Movers FTSE 100 (UKX) 7,248.41 -0.43% FTSE 250 (MCX) 19,658.52 -0.17% techMARK (TASX) 3,288.86 -0.09% FTSE 100 - Risers Compass Group (CPG) 1,515.50p 5.46% WPP (WPP) 1,300.00p 3.05% RSA Insurance Group (RSA) 613.60p 1.72% GlaxoSmithKline (GSK) 1,300.20p 1.15% Direct Line Insurance Group (DLG) 375.20p 0.97% ITV (ITV) 169.00p 0.93% GKN (GKN) 414.10p 0.58% AstraZeneca (AZN) 4,816.00p 0.55% Admiral Group (ADM) 1,854.00p 0.54% Smurfit Kappa Group (SKG) 2,456.00p 0.49% FTSE 100 - Fallers Sage Group (SGE) 697.40p -2.32% BHP Billiton (BLT) 1,484.20p -1.85% BT Group (BT.A) 237.10p -1.74% easyJet (EZJ) 1,639.50p -1.62% Fresnillo (FRES) 1,230.00p -1.56% Rio Tinto (RIO) 3,820.00p -1.56% Scottish Mortgage Inv Trust (SMT) 443.31p -1.49% Randgold Resources Ltd. (RRS) 6,122.00p -1.48% Evraz (EVR) 349.70p -1.47% British American Tobacco (BATS) 4,581.00p -1.38% FTSE 250 - Risers AA (AA.) 144.11p 8.07% Beazley (BEZ) 561.00p 5.55% TBC Bank Group (TBCG) 1,630.00p 3.30% Lancashire Holdings Limited (LRE) 668.00p 2.85% Vectura Group (VEC) 82.95p 2.79% Dignity (DTY) 765.50p 2.27% Saga (SAGA) 119.00p 2.15% William Hill (WMH) 316.00p 2.03% McCarthy & Stone (MCS) 150.40p 1.83% Balfour Beatty (BBY) 273.80p 1.56% FTSE 250 - Fallers TalkTalk Telecom Group (TALK) 103.50p -13.53% Sophos Group (SOPH) 544.50p -12.39% Capital & Counties Properties (CAPC) 273.40p -2.15% RDI Reit (RDI) 34.50p -2.13% Tate & Lyle (TATE) 640.00p -2.05% Aberforth Smaller Companies Trust (ASL) 1,251.88p -2.04% Hill & Smith Holdings (HILS) 1,162.00p -1.94% Hochschild Mining (HOC) 211.10p -1.72% Petrofac Ltd. (PFC) 448.40p -1.65% Convatec Group (CTEC) 199.00p -1.49% 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 Cryptocurrencies Report Top Cryptocurrencies # Name Market Cap($) Price(%) Change Price Graph(3m) 1 Bitcoin (BTC) 138,709,815,798 8,200.1 +8.83% 2 Ethereum (ETH) 80,494,231,327 818.01 +9.26% 3 Ripple (XRP) 29,789,582,721 0.74611 +5.09% 4 Bitcoin Cash / BCC (BCH) 17,457,835,498 1,027.5 +8.54% 5 Cardano (ADA) 9,255,938,255 0.347282 +4.92% 6 Litecoin (LTC) 8,010,846,873 143.88 +4.78% 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 Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 CPI Capita plc 4.84 2 SMT Scottish Mortgage Investment Trust 2.07 3 RDSB Royal Dutch Shell Plc B Shares 1.35 4 LLOY Lloyds Banking Group plc 1.33 5 SXX Sirius Minerals plc 1.16 6 Amazon.com Inc. 1.16 7 IQE IQE plc 1.13 8 VOD Vodafone Group plc 1.11 9 BP. BP Plc 0.97 10 GSK GlaxoSmithKline plc 0.92 Number of Deals Sold Place EPIC Equity name % 1 LLOY Lloyds Banking Group plc 1.66 2 CPI Capita plc 1.48 3 IQE IQE plc 1.30 4 RMG Royal Mail PLC 1.22 5 XBT Provider AB 1.07 6 XBT Provider AB 0.97 7 GSK GlaxoSmithKline plc 0.96 8 SMT Scottish Mortgage Investment Trust 0.91 9 SXX Sirius Minerals plc 0.82 10 RDSB Royal Dutch Shell Plc B Shares 0.80 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. US Market Report US close: Markets finish red, Tesla beats on revenue and earnings Wall Street reversed earlier gains and the previous day's recovery on Wednesday, with wary traders sending the main indices into the red, while officials at the Federal Reserve appeared to be taking a 'hands-off' approach to the recent sell-off. The Dow Jones Industrial Average finished down 0.08% at 24,893.35, while the S&P 500 lost 0.5% to 2,681.66 and the Nasdaq 100 slid 1.26% to 6,582.02. Before the markets opened, head of the New York Fed William Dudley told an audience he did not believe the recent rout in stocks had implications for the wider economy - at least "not yet". Indeed, he described it as a "healthy" shake-out. "While we can’t tell what will happen next, the current course of events has mirrored previous market sell offs – brief panic, steady recovery and then a return to the longer-term rally. It is, after all, a bull market," said Chris Beauchamp at IG. On Tuesday, all three of the major indices managed to end in the black after a late rally, recovering from huge losses on Monday, when the Dow tanked 1,175 points in what appeared to be a technical correction. That was likely sparked by concerns that rising inflation might force the Federal Reserve to hike rates more than expected this year. As an aside, in a research note sent to clients Andrew Garthwaite at Credit Suisse told clients that the critical level of wage growth in the US for markets, from 3.25% to 3.50%, had not yet been reached. In January, US average hourly earnings advanced at a 2.9% clip year-on-year. In corporate news, Snapchat parent Snap Incrocketed 47.58% after the social networking platform posted better-than-expected quarterly earnings on Tuesday evening. Wynn Resorts was also higher, gaining 8.64% after Steve Wynn resigned from his roles as chief executive and chairman late on Tuesday, following allegations last month of sexual misconduct. Shares in Walt Disney reversed gains seen earlier in the session, finished down 1.33% after the company’s fourth-quarter earnings beat analysts' expectations, while Michael Kors rose 1.02% after the fashion brand's fiscal third-quarter earnings topped expectations and it lifted its full-year outlook. Toy-maker Hasbro was 8.83% higher, despite posting a surprise drop in quarterly revenue. Going the other way, health insurer Humana was down 1.57% after its fourth-quarter profit surpassed expectations while revenues fell short. Tesla was seeing some after-hours action, rising 1.96% by 2259 GMT, after beating both revenue and earnings estimates in its fourth quarter results released after the bell. The electric car maker said revenue was $3.29bn, with losses reaching $3.04 per share - both numbers beating consensus forecasts for $3.28bn and $3.12 per share. It had made headlines earlier in the week after its eccentric chairman and CEO Elon Musk blasted one of the company’s Roadster models into space, replete with dummy astronaut at the steering wheel, in a savvy marketing move using a rocket launched by one of his other companies, SpaceX. Tesla shares were up 3.3% at the closing bell, before its earnings were released. Dow Jones - Risers Boeing Co. (BA) $348.27 5.85% Home Depot Inc. (HD) $191.29 4.47% Dowdupont Inc. (DWDP) $70.60 4.07% Goldman Sachs Group Inc. (GS) $257.10 3.21% Chevron Corp. (CVX) $115.29 2.37% General Electric Co. (GE) $15.25 2.28% Caterpillar Inc. (CAT) $154.34 2.16% Walmart Inc. (WMT) $102.85 1.93% American Express Co. (AXP) $93.62 1.74% United Technologies Corp. (UTX) $131.97 1.66% Dow Jones - Fallers Apple Inc. (AAPL) $159.54 -2.14% Microsoft Corp. (MSFT) $89.61 -1.88% Exxon Mobil Corp. (XOM) $76.93 -1.76% Pfizer Inc. (PFE) $34.98 -0.85% Procter & Gamble Co. (PG) $81.84 -0.66% Johnson & Johnson (JNJ) $131.42 -0.35% Visa Inc. (V) $119.65 -0.27% Coca-Cola Co. (KO) $44.56 -0.25% 3M Co. (MMM) $233.19 -0.19% Walt Disney Co. (DIS) $104.76 0.06% S&P 500 - Risers XL Group Ltd (XL) $42.00 12.45% Hasbro Inc (HAS) $102.22 8.83% Wynn Resorts Ltd. (WYNN) $177.32 8.64% Ball Corp (BLL) $39.33 7.72% Gap Inc. (GPS) $32.62 6.74% Boeing Co. (BA) $348.27 5.85% Hanesbrands Inc. (HBI) $21.96 5.32% GameStop Corp. (GME) $16.47 5.24% H&R Block Inc. (HRB) $25.74 5.19% Ford Motor Co. (F) $10.76 5.08% S&P 500 - Fallers Microchip Technology Inc. (MCHP) $82.91 -9.80% Chipotle Mexican Grill Inc. (CMG) $272.21 -9.35% Southwestern Energy Co. (SWN) $3.60 -8.51% Chesapeake Energy Corp. (CHK) $2.88 -6.47% Marathon Oil Corp. (MRO) $16.33 -5.22% Devon Energy Corp. (DVN) $36.76 -4.89% Range Resources Corp. (RRC) $13.12 -4.86% Micron Technology Inc. (MU) $42.01 -4.26% FMC Technologies Inc. (FTI) $30.48 -4.24% Noble Energy Inc. (NBL) $27.08 -3.87% Nasdaq 100 - Risers Hasbro Inc (HAS) $102.22 8.83% Wynn Resorts Ltd. (WYNN) $177.32 8.64% Dish Network Corp. (DISH) $45.10 4.11% Cognizant Technology Solutions Corp. (CTSH)$76.52 3.55% Tesla Inc (TSLA) $345.00 3.30% Gilead Sciences Inc. (GILD) $82.76 2.96% T-Mobile Us, Inc. (TMUS) $62.06 1.99% Alexion Pharmaceuticals Inc. (ALXN) $117.15 1.95% Seagate Technology Plc (STX) $49.55 1.79% J.B. Hunt Transport Services Inc. (JBHT) $117.95 1.74% Nasdaq 100 - Fallers Microchip Technology Inc. (MCHP) $82.91 -9.80% Maxim Integrated Products Inc. (MXIM) $56.81 -4.50% Micron Technology Inc. (MU) $42.01 -4.26% Lam Research Corp. (LRCX) $171.63 -3.76% Texas Instruments Inc (TXN) $101.98 -3.67% Analog Devices Inc. (ADI) $85.35 -3.60% Asml Holdings N.V. (ASML) $187.15 -3.59% Ctrip.Com International Ltd. Ads (CTRP) $46.27 -3.22% Applied Materials Inc. (AMAT) $48.69 -3.10% Skyworks Solutions Inc. (SWKS) $101.35 -3.07% Atlantic Advisory - Share Tips of the Year 2018 Download Our Latest Report Here Losses can exceed deposits Broker Tips Thursday newspaper round-up: Brexit, Tesla, energy cap, RBS The boss of Britain’s biggest pharmaceutical company, GlaxoSmithKline, has urged the government to sign a two-year transition deal by April to ensure the industry can cope with the impact of Brexit. Emma Walmsley, GSK’s chief executive, said the tight deadline was key to giving businesses the clarity needed to invest. “The most important thing is that we get a transition period of at least two years, starting from March 2019, but … secured by April 2018, and we need to make sure that the negotiations that are ongoing are very clearly focused on patient safety and the continued supply of medicines to patients.” - Guardian The tech billionaire Elon Musk sent one of his Tesla electric cars into space yesterday, a day before the company that built it announced its biggest ever quarterly loss. Musk’s Tesla electric car and energy storage company lost $675.4m in the three months ending 31 December, the company announced on Thursday, compared with a loss of $121m for the same period last year. – Guardian Salaries are rising at the fastest pace since 2015 as companies facing a shortage of skilled workers have to pay more to hire new staff. Wages are struggling to rise in the wider economy but those who move jobs are attracting a premium, recruiters have found, adding to indicators that the sharp fall in unemployment in recent years is at last starting to feed through into earnings. – Telegraph The energy regulator’s plan to cap household tariffs threatens to strangle the retail market by slashing profit margins and limiting competition to within a range of just £29 a year on an average bill, say critics. The regulator laid out its plans to extend the so-called “safeguard tariff” from four million homes which use pre-pay meters to include another one million vulnerable customers who qualify for government help with their bills. – Telegraph MPs have ordered the Financial Conduct Authority to produce a contentious report into mistreatment of thousands of businesses by Royal Bank of Scotland by next week, after the regulator was criticised for “losing control” of the investigation. In an embarrassing blow for Andrew Bailey, the FCA chief executive who is a contender to be the next governor of the Bank of England, the Treasury select committee threatened to use its powers to compel publication of the regulatory inquiry into RBS’s Global Restructuring Group. – The Times Barclays has offered a concession to angry pension fund members, saying that its core British retail banking operation may be able to continue guaranteeing their retirement promises after all. In letters to present and former staff, Barclays said that it would keep its ringfencing plans “under review” and could seek to keep the UK retail bank as sponsor of its large scheme. – The Times 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.   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