| | | | | | | Momentum Investing 5 FTSE Stocks Currently on Momentum At its core, Momentum Investing is about understanding the psychology of the market and how traders tend to "rush" into certain stocks. The goal being to identify and profit from such bull rushes. This report delves into the concept and looks at 5 Stocks that have seen positive momentum in 2018. Losses can exceed deposits. Download Report | | |
| | London open: Stocks rise on positive Asian cues but housebuilders buck trend |  | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | London stocks rose in early trade on Wednesday, taking their cue from a positive session in Asia, although trade war fears were expected to continue to weigh on investors’ minds. At 0835 BST, the FTSE 100 was up 0.9% to 7,672.26, while the pound was flat against the euro at 1.1368 and 0.2% lower versus the dollar at 1.3154, as the EU withdrawal bill returns to the House of Commons. The government is seeking to defeat a challenge from Conservative party rebels who want to give MPs a “meaningful vote” in the event that Britain could leave the EU without a deal. This comes as a leaked draft of conclusions for next week’s European Council called for “member states and all stakeholders to step up their work on preparedness at all levels for all outcomes” - with other leaks from officials reported in the media that the talks are expected to fail. Spreadex analyst Connor Campbell said: "A combination of the ham-fisted way the government is going about Brexit, alongside June’s impending Bank of England meeting, is preventing the pound from ending its ugly losing streak. Really, the currency is in desperate need of a hint of hawkishness from Mark Carney and co. on Thursday - even just the tiniest morsel - if it is going to bounce back any time soon." As far as the trade spat between the US and China is concerned, London Capital Group analyst Jasper Lawler said "markets have been trading on the same piece of general trade war news for a while, as a result selling exhaustion has started to set in". He added: "Any fresh news of retaliation could see traders snatch risk back off the table quickly." On the data front, the CBI industrial trends survey for June is at 1100 BST. In corporate news, British Land rose after saying that 63% of the estimated rental value of properties were let or under offer across its total development pipeline, with 45% of ERV of committed developments across Broadgate in the City of London. Legal & General ticked higher as it said it expects its asset management division to increase profit by up to 10% a year in normal markets. LondonMetric Property advanced after announcing the acquisition of ten single-let properties for £55m from the ACT Foundation. Sports Direct edged up after saying it had disposed of its stake in US sportswear retailer Finish Line and taken a further 8.6% interest in US brand management company Iconix Brand Group. Sirius Minerals rallied after announcing a seven-year year supply deal which will see it sell POLY4, the fertilizer product from its Yorkshire mine, to Intercontinental Trade DMCC Dubai. On the downside, housebuilder Berkeley Group was in the red despite upping its profit guidance after reporting a 15% increase in annual profit, as its outlook was cautious. Other housebuilders also retreated, with Barratt, Taylor Wimpey, Bovis, Redrow and Bellway all weaker. In broker note action, British American Tobacco and Imperial Brands were started at 'buy’ by Liberum, while Peel Hunt hiked its price target on Ocado to 1,700p from 610p. BT was upgraded to 'buy’ at Jefferies, while Mediclinic was lifted to 'hold’ at HSBC. Wizz Air was boosted to 'outperform’ by Davy, but it cut EasyJet to 'neutral’. McCarthy & Stone was downgraded to 'hold’ at Jefferies after the housebuilder’s profit warning on Tuesday, while SSE was cut to 'sector perform’ by RBC Capital Markets and Auto Trader was pushed down to 'hold’ at Canaccord. |
| | Daily cryptocurrency Tracker 19.6.18: Bitcoin and Ethereum up by 4% | | The two largest digital coins by market cap spiked on Monday, leading a positive trend for the crypto market. The majority of the top 100 cryptocurrencies registered gains over... Read More.. |
| | Market Status | Top 10 FTSE 100 RisersTop 10 FTSE 100 Fallers |
| | Atlantic Advisory - Share Tips of the Year 2018 | | Download Our Latest Report Here Losses can exceed deposits |
| | US close: All main boards red as Trump blames China for ongoing trade spat | | Wall Street finished as it started, with losses across the board on Tuesday, as relations between the US and China took another dark turn. The Dow Jones Industrial Average was down 1.15% at 24,700.21, the S&P 500 lost 0.4% to 2,762.59, and the Nasdaq 100 was off 0.32% at 7,228.04. “There was no let up on Tuesday, the US open extending the disastrous trading that began on Monday,” said SpreadEx financial analyst Connor Campbell. “Plunging 400 points to hit a 2-week nadir, the Dow Jones was the latest index to display its abject terror at the trade war Donald Trump seems intent on provoking. “The Dow’s day was made worse by the strength of the dollar; though the greenback struggled against the yen, it stomped all over the euro and the pound, sending the single currency and sterling to 19 day and 7-month lows respectively.” On Monday, Donald Trump instructed his country's trade representative to identify a new $200bn-worth of goods on which to levy 10% tariffs. He also called for a separate list to be prepared detailing a further $200bn-worth of Chinese goods that could be targeted if Beijing responded with countermeasures of its own. The moves overnight followed Beijing's decision to retaliate for the duties on $50bn-worth of Chinese goods that Washington had announced last week. China's Ministry of Commerce responded immediately on Tuesday morning, describing the move as "extreme pressure and blackmail". Trump said in his statement that by retaliating with its own tariffs rather than altering its practices, China was "threatening US companies, workers, and farmers who have done nothing wrong". To make matters worse, the US Senate also passed an amendment to the Defence Bill 85-10 that included a measure to kill the recent deal Trump made to save Chinese technology company ZTE. The House of Representatives still needs to pass the amendment. On the data front, US housing starts rose more than expected in May, to a 10-year high, according to data released by the Commerce Department on Tuesday. Housing starts were up 5% from the revised April rate to a seasonally-adjusted annual rate of 1.35m, versus expectations for a smaller gain to 1.30m. The April rate was revised to 1.286m from 1.287m. Single-family housing starts were up 3.9% from April to a seasonally-adjusted rate of 936,000, while permits for new construction were 4.6% below the revised April rate at a 1.30m, versus expectations for a rate of 1.35m. In corporate news, electric car maker Tesla dropped 4.93% following a report that chief executive Elon Musk said an employee had attempted to sabotage the company in an email sent to employees on Sunday night. Elsewhere, Foundation Medicine shot up 28.46% after Switzerland's Roche said it will buy the remaining shares in the company it does not already own in a $2.4bn deal. |
| | 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: Brexit debate, euro budget, BoE, fracking | | Theresa May faces a nail-biting parliamentary clash with Conservative rebels on Wednesday as the government seeks to defeat an attempt to give MPs a “meaningful vote” before Britain could leave the EU without a deal. The EU withdrawal bill, the government’s flagship piece of Brexit legislation, returns to the House of Commons on Wednesday against a backdrop of increasing anxiety about the risk of negotiations with the EU27 failing to yield an agreement. - Guardian The eurozone’s two biggest economies, France and Germany, have agreed to set up a common budget for the currency bloc marking a major step towards greater integration. The move, long championed by France and backed by the world’s lender of last resort, the International Monetary Fund (IMF), was decided by the two countries’ leaders Emmanuel Macron and Angela Merkel after talks on Tuesday. The exact size and structure of the fund has not been agreed but is set to be introduced by 2021. - Telegraph A Labour government would task the Bank of England with improving Britain’s productivity growth under plans announced by John McDonnell today. The shadow chancellor will set out proposals for the party to sign an accord with the Bank at the start of a Labour government setting out how each will work to grow the UK’s output per hour. - The Times A leaked HBOS report into a fraud in the lender’s Reading office has raised allegations that senior bankers and auditors helped to cover up a £1 billion criminal scheme that affected hundreds of business customers. The five-year-old report written by a former HBOS manager alleged that executives at the lender were aware as far back as 2004 of a potential fraud in the turnaround unit that last year led to the convictions of six people, including two former employees of the lender. - The Times Billionaire Jim Ratcliffe’s petrochemicals giant Ineos has failed in its attempt to overturn Scotland's effective ban on shale gas fracking. After months of legal wrangling Court of Session judge Lord Pentland threw out the group’s call for a judicial review of Holyrood’s indefinite moratorium on hydraulic fracturing because ministers have not technically put a ban in place. - Telegraph The Chinese authorities have orchestrated an arms-length rescue for the giant aviation and investment group HNA, heading off a fresh liquidity crunch for one of the world’s biggest debtors. The move came as the People’s Bank of China (PBOC) announced that it was setting up a special “financial risk tracking unit” to monitor local and international conditions after a surge in the number of corporate defaults in the country. - Telegraph The money that Asian buyers are spending on office blocks in the City of London has reached a record high, as capital from Hong Kong and China pours into Britain. About £3.4 billion of Asian capital has been invested in City offices this year, according to Savills, the property consultancy. That is 70 per cent of the total volume and a record high for the first six months of a year. - The Times World Cup barbecues may be under threat as beers, fizzy drinks and meat producers warn of potential shortages caused by a lack of CO2. The British Retail Consortium has written to major retailers informing them that drinks and meat supplies could be affected as at least one UK gas supplier has had to ration orders, with an industry source saying Britvic was being affected. - Guardian MPs have been warned that the £12 billion merger of J Sainsbury and Asda could have “unintended consequences” that will hit British farmers and smaller suppliers hard. Lord Haskins, the former chairman of Northern Foods, said he believed that the tie-up could “inescapably and powerfully” affect vulnerable, independent producers. - The Times Sky News would be guaranteed at least £100m a year in funding for 15 years under new concessions agreed by 21st Century Fox to secure government approval for its attempted takeover of Sky. In a deal with Culture Secretary Matt Hancock, Sky News would be spun off and handed to Disney as part of a Murdoch takeover of Sky. - Telegraph More than a quarter of all construction workers in London are from the European Union, according to new figures. Across Britain, 10 per cent of the 2.2 million construction workers employed between 2014 and 2016 were non-British EU citizens or non-EU citizens. In London, 28 per cent of workers at building sites were from the EU. - The Times Dialog Semiconductor confirmed it is in talks to buy touchpad technology company Synaptics as it seeks to wean itself off Apple amid concerns the iPhone maker will ditch the company to produce its own power management chips in-house. Reading-based Dialog said it was proceeding with due diligence and "detailed discussions" in connection with the potential acquisition of Synaptics. - Telegraph A rogue employee who may have been working for Tesla’s enemies conducted “extensive” sabotage of the company’s operations, Elon Musk has claimed. In an email to employees, the co-founder of the electric car company said he had been “dismayed” to learn that a disgruntled staff member changed the code of Tesla’s IT systems and passed large amounts of highly sensitive data to unknown third parties. - The Times Canada will become the first G7 nation to legalise recreational marijuana this year, creating a multibillion dollar market and a tax haul estimated at C$400 million (£228 million). The law is expected to change by September after Justin Trudeau, the prime minister, said a ban was “not preventing young people from having easy access to cannabis” and added that a regulated market would “better protect communities and children”. - 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