| | | | | FCA Regulated Rockpool Investments LLP are offering 15% returns from investing in private companies | | We provide thorough due diligence, expertise and support including HMRC tax saving benefits. Find out more - Click Here | | |
| | London open: Stocks in the red as investors eye Fed minutes, US inflation |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London stocks fell in early trade on Wednesday as investors erred on the side of caution ahead of the release of the minutes from the latest Federal Reserve meeting, March inflation figures for the US and some key UK industrial and manufacturing data. At 0830 BST, the FTSE 100 was down 0.3% to 7,248.08, in spite of the strong gains on Wall Street overnight. The pound was up 0.5% against the euro at 1.1481 and 0.3% firmer to $1.4215 as the dollar suffered from trade war jitters. Analyst Michael Hewson at CMC Markets said the release of the latest Fed minutes will give investors an insight into policymakers' thinking about the glide path of rate rises this year and any concerns they might have about the recent narratives around trade policy. "We could also get further clarity as to whether four rate rises this year is something that merited a serious discussion between policymakers, as well as the thinking behind adding a rate rise to the 2019 dot plots," he said. As far as US inflation is concerned, the consumer price index is expected to have picked up to 2.4% in March from 2.2% a month earlier on an annualised basis, while core CPI is expected to have firmed to 2.1% from 1.8%. The figures are due at 1330 BST, while the Fed minutes are out at 1900 BST. There was no shortage of data due in the UK either, with industrial and manufacturing production at 0930 BST, along with the goods trade balance. Industrial production is expected to have risen 0.4% on the month in February, down from 1.3% in January, while manufacturing production is forecast to have expanded 0.2%. On an annualised basis, both are expected to show much better numbers of 2.9% and 3.3% respectively. In corporate news, Tesco was the standout gainer after it declared its first year-end dividend since 2014 as it reported a 28% rise in underlying operating profits thanks to improved margins and surging cash generation. Shopping mall owner Hammerson was up after saying it had received and rejected a second bid from French rival Klépierre. The revised offer, made on 9 April, was made at 635p a share, made up of 50% in new Klépierre shares and the rest in cash. Webuyanycar.com owner BCA Marketplace revved into a higher gear as it said full year trading was ahead of expectations with "strong profit growth and with a net debt position lower than market forecasts". Vedanta Resources gained as it posted a 3% jump in fourth-quarter average gross production. On the downside, retirement housebuilder McCarthy & Stone slumped after reporting a 52% decline in half-year pre-tax profit, while recruiter PageGroup retreated despite delivering record quarterly gross profit, as the UK was a sore spot. Budget airline EasyJet flew a little lower after saying on Tuesday that it had submitted a revised expression of interest for a restructured Alitalia as part of a consortium. In broker note action, Man Group and Hargreaves Lansdown were upgraded to 'buy' and 'hold', respectively, by Jefferies. Ophir Energy was lifted to 'overweight' at Barclays, while Premier Oil was upgraded to 'equal-weight'. Faroe Petroleum was cut to 'hold' at Panmure Gordon and to 'underweight' at Barclays. |
| | Q2's Top 10 Stock Picks | | What trading opportunities do the next 3 months hold? Our latest quarterly stocks report unveils our Top 10 Stock Picks for Q2 as well as a review of the key Q1 stories & preview of the coming quarter's pivotal events, and analysis of the best, and worst, FTSE share price performances year to date. Losses can exceed deposits. Download Report |
| | Market Status | Top 10 FTSE 100 RisersTop 10 FTSE 100 Fallers |
| | Daily cryptocurrency Tracker 11.4.18: Slight gains in crypto market | | The cryptocurrency market continues to rock back and forth, as 9 of the top 10 cryptos registered small gains over the past 24 hours. This is the third day in a row in which the... Read More.. |
| | Europe open: Geopolitical, trade concerns dampen sentiment |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  | | | | | | Stocks are holding lower, with traders apparently of a cautious bent due to the possibility of a military strike against Syria over coming days, amid multiple other concerns. Also possibly weighing on risk appetite was news out on Monday that some EU states were pushing for further sanctions on Iran, alongside headlines that the White House has affirmed its authority to fire special counsel Robert Mueller if necessary. It was against that backdrop that traders were keeping an eye out for any fresh movements out of Beijing or Washington on the global trade front. Thus, as of 1101 BST, the benchmark Stoxx 600 was dipping 0.36% or 1.38 points to 376.97, alongside a drop of 0.52% or 64.25 points to 12,333.94 and a decline of 0.41% or 21.75 points to 5,285.81. Commenting on the market action, Michael Hewson at CMC markets UK said: "The strange thing is that for all the warm words [from China's Xi Jinping], and President Trump's positive response to them, is that what President Xi actually said wasn't much different to previous speeches he has made in the past, which means that eventually these words will need to be turned into actions. "The easiest one to deliver is probably the reduction in tariffs on cars, but even that is likely to be difficult, particularly since further talks between the various parties aren't actually planned at the moment." Economic data out in the euro area on Wednesday was uninspiring, with ISTAT reporting that retail sales in the Mediterranean country fell by 0.5% month-on-month (consensus: 0.3%). Further north, in France, the country's central bank reported that its industrial confidence gauge slipped from a reading of 105.0 for February to 103.0 for March (consensus: 105.0). |
| | Crypto Currencies | | |
| | Atlantic Advisory - Share Tips of the Year 2018 | | Download Our Latest Report Here Losses can exceed deposits |
| | US close: Xi what a guy, say investors as Dow soars on China comments | | US stocks surged on Tuesday as investors cheered comments by China President Xi Jinping that appeared to take the heat of the trade spat with his US counterpart Donald Trump. At the closing bell the Dow Jones Industrial Average was up 1.79% to 24,408, the S&P 500 was 1.67% higher at 2,565 and the Nasdaq rose 2.07% to 7,094. In a speech at the Boao Forum for Asia, seen by many as Asia's Davos, President Xi - who made no reference to the trade row with the US - said he will "significantly lower" tariffs on car imports this year and ease restrictions on foreign ownership in the industry as soon as possible. He also said he would expand the protection of intellectual property. "The cold war and zero-sum mentality looks out of place in today’s world. Arrogance or only focusing one’s own interests will get nowhere. Only peaceful development and cooperation can truly bring win-win or all-win results,” he said. On the data front, the latest survey from the National Federation of Independent Business showed small business sentiment in the US deteriorated more than expected in March. The small business optimism index fell to 104.7 last month from 107.6 in February, missing expectations for a reading of 107.0 but still among the highest readings in survey history. For the first time since 1982, taxes received the fewest number of votes as the number one problem. NFIB president chief executive officer Juanita Duggan said: "It has been a remarkable 16 months for small business optimism." "This is the first time in 35 years where the fewest number of small business owners have told us that taxes are their number one business problem. They’ve been so optimistic that they feel confident enough to raise wages and invest in their business, which grows the economy." The next focus will be the release of the minutes from the Federal Reserve's March meeting on Wednesday, along with US inflation figures for the same month. In corporate news, shares of all thirty Dow components gained ground after trading began, led by Intel, Boeing, Exxon Mobil, Goldman Sachs and Caterpillar, all of whose shares were climbing more than 2.5%. Exxon and sector peer Chevron were boosted by rise in the crude oil price. Elsewhere, VeriFone Systems stock soared 52.03% after agreeing to a $3.4bn private equity acquisition by a group led by Francisco Partners and Tupperware Brands dropped 11.49% after cutting its first-quarter earnings guidance late on Monday. Procter & Gamble shares rose as the company increased its quarterly dividend to 71.72 cents a share. Shares in medical image products maker Analogic Corp fell as it announced a $1.1bn sale to private-equity firm Altaris Capital Partners. Facebook shares were down as chief executive Mark Zuckerberg testified in a joint hearing held by two Senate committees into the social media website and its handling of users' data. |
| | Paradigm Capital are introducing structured real estate assets comprising of fixed income opportunities and managed fund positions | | It is increasingly clear the time for tangible assets is looming. Head for portfolio consolidation as opposed to market speculation. Click to register |
| | Wednesday newspaper round-up: IMF warning, 21st Century Fox, EDF | | The head of the International Monetary Fund has warned of “darker clouds looming” for the global economy amid simmering trade tensions between the US and China, urging governments around the world to steer clear of protectionism or face negative consequences. Christine Lagarde said the current system for world trade was “in danger of being torn apart”, with the potential to upset the present global economic upswing and make consumers poorer. – Guardian The offices of Rupert Murdoch’s 21st Century Fox have been raided by officials from the European commission investigating a potential abuse of its dominant position in the broadcasting of major sports events. Following reports that the competition regulator had gained access to the company’s offices in Hammersmith, west London, a spokesman for the commission confirmed that a series of “unannounced inspections” had taken place at the offices of unnamed companies in several EU countries. - Guardian Competition watchdogs should investigate Google and Facebook’s dominance of the “dysfunctional and opaque” digital advertising market, according to a House of Lords investigation. The Lords communications committee called on the Competition and Markets Authority to launch a study of the sector after hearing complaints that a lack of transparency from digital firms and diminished choice make it hard for advertisers to gauge value for money. - Telegraph Greg Barker is facing pressure to resign as chair of the Russian aluminium giant owned by sanction-hit billionaire Oleg Deripaska. Two members of the EN+ board have already resigned in the wake of the sweeping sanctions against Russian companies, leaving only one other non-Russian board member aside from Lord Barker. - Telegraph A senior American official has warned that British banks will face “consequences” if they flout new sanctions against some of Russia’s wealthiest businessmen and biggest companies. In words that are likely to cause concern in the boardrooms of financial services groups, Sigal Mandelker, under-secretary of the Treasury for terrorism and financial intelligence, said that US authorities would be on the lookout for any breaches of their Russian sanctions. - The Times Plans by EDF to build new nuclear reactors in Britain came under fresh scrutiny yesterday after it admitted finding serious quality control failings that could affect the safety of a prototype project in France. The French state-controlled energy group, which is leading construction of the Hinkley Point C plant in Somerset, said that defects in the welding in pipework of the European pressurised reactor it is building at Flamanville in Normandy threatened to further delay the project and to increase its costs. - The Times | | | | To advertise in the Euro Markets Bulletin please contact advertise@advfn.com |
| | | | | | ADVFN Disclaimer Although we have sent you this email, ADVFN does not endorse any product or company nor is it responsible for the content of this news bulletin. We have not independently reviewed the information; claims or testimonials provided within the news bulletin and make no guarantee or warranty regarding its content. The opinions and recommendations expressed in this email are not those of ADVFN. |
| | | |
| Registered Office/Accounts Dept:
Suite 27, Essex Technology Centre,
The Gables, Fyfield Road, Ongar,
Essex, CM5 0GA. | | Support Tel: 0207 0700 961
Company registered in England and Wales:
Number 2374988
VAT No: GB 549 2130 49 | | | | | | | |
No comments:
Post a Comment