Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Monday, 23 July 2018 09:46:51 Monitor Quote Charts News CFD's Compare Brokers Free BB   10 Ways to Build Wealth after 50 When you retire, put your money to work. If you have a £250,000 portfolio, get ongoing updates and download "The Definitive Guide to Retirement Income" and learn ways to generate income in retirement. Learn more here Fisher Investments UK London open: Stocks in the red as airlines drop, Trump threatens Iran FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London stocks fell in early trade on Monday, with sentiment taking a knock once again from comments by US President Donald Trump and airlines lower after disappointing results from Ryanair. At 0845 BST, the FTSE 100 was 0.7% lower at 7,624.26, while the pound was up 0.2% against the dollar at 1.3147 and flat versus the euro at 1.1208. In a tweet to Hassan Rouhani late on Sunday, Trump warned the Iranian President to "never, ever threaten the US again". The tweet came after Rouhani reportedly cautioned that Americans "must understand that war with Iran is the mother of all wars and peace with Iran is the mother of all peace". Trump retaliated by tweeting: "Never, ever threaten the United States again or you will suffer consequences the likes of which few throughout history have ever suffered before. We are no longer a country that will stand for your demented words of violence and death. Be cautious!" Spreadex analyst Connor Campbell said: "As ever Donald Trump set the tone for what would have otherwise been a quiet start to the week on Sunday night, an all-caps rant from the unhinged President forcing the markets lower. "Following on from another testy G20 meeting highlighting the wealth of risks - chief among them the 'heightening trade and geopolitical tensions’, endangering economic growth - Trump saw it fit to provide the markets with a fresh example of what the international forum was talking about with his latest tweet-storm." Looking ahead to the rest of the week, European Commission President Jean-Claude Juncker is due to meet Trump at the White House on Wednesday. On the corporate front, airlines were under the cosh, with EasyJet and British Airways parents IAG the top fallers after budget carrier Ryanair posted a 20% drop in first-quarter pre-tax on the back of higher costs, lower fares and strikes. Ryanair was down nearly 6%. BHP Billiton nudged down after saying it would defend a class action by investors over the Samarco dam disaster of 2015 that killed 19 people. The claim, served in Australia, alleges BHP breached disclosure obligations and engaged in misleading and deceptive conduct. Shopping centre owner Hammerson dropped as it exchanged contracts for the sale of two retail parks for £164m to Capreon, while Ascential, formerly EMAP, retreated after the release of its interim results. FDM Group fell despite reporting a 12% increase in first-half profit as it invested in expanding its more profitable "Mountie" IT consultancy operation. Anglo American slipped as Anglo American Platinum upped its stake in the Mototolo joint venture project after buying out Glencore's 39% share. Paragon Banking Group ticked higher after saying it was on track to deliver expected year-end results, while IWG edged up after saying that its suitors - TDR Capital, Terra Firma and Starwood - have been given more time to make an offer for the serviced office group, as Prime Opportunities dropped out of the race. In broker note action, Hargreaves Lansdown retreated after a downgrade to 'underperform' at Jefferies, while Elementis was hit by a downgrade to 'neutral' from 'buy' at Bank of America Merrill Lynch. Invest in the revolutionary combustion technology that’s reducing emissions and cutting costs – with 400% Projected ROI by year 3 Find Out More Market Status   FTSE 100   change pct -0.55%   cur price 7,636.27   change -42.52   FTSE 250   change pct -0.45%   cur price 20,831.72   change -93.96   FTSE TechMARK   change pct -0.33%   cur price 3,582.11   change -11.78 Top 10 FTSE 100 Risers #   Name Change Pct Change Cur Price 1 BT Group +1.25% +2.75 222.20 2 Babcock International Group +0.71% +5.20 733.80 3 WPP Plc +0.52% +6.00 1,161.00 4 Merlin Entertainments Plc +0.52% +2.10 406.40 5 Centrica +0.49% +0.75 153.35 6 GlaxoSmithKline +0.41% +6.40 1,556.20 7 Associated British Foods +0.29% +7.00 2,416.00 8 Severn Trent +0.26% +5.00 1,905.50 9 Marks & Spencer +0.10% +0.30 311.50 10 DCC Plc +0.07% +5.00 7,025.00 Top 10 FTSE 100 Fallers #   Name Change Pct Change Cur Price 1 Easyjet Plc -2.48% -40.00 1,575.00 2 Mediclinic International plc -1.89% -10.00 518.60 3 International Consolidated Airlines Group -1.86% -12.80 674.40 4 British American Tobacco -1.72% -68.00 3,892.00 5 NMC Health -1.64% -62.00 3,724.00 6 Imperial Brands -1.59% -46.50 2,869.50 7 Barratt Developments -1.54% -8.20 524.20 8 Mondi -1.47% -30.00 2,014.00 9 Persimmon -1.36% -34.00 2,470.00 10 Scottish Mortgage Investment Trust -1.35% -7.50 550.00 eToro Daily Update 20/07/2018 TradeYour capital is at riskBecome a Professional Trader on eToroNew ESMA regulations will come into effect on August 1st. If you wish to keep trading with high leverage and enjoy... Read More.. US close: Markets finish lower as Trump goes all-out on China trade US stocks finished just below the waterline on Friday, as Microsoft rallied on the back of strong results, while the dollar tumbled against its major rivals after President Trump ramped up his trade war rhetoric. The Dow Jones Industrial Average was off 0.03% at 25,058.12, the S&P 500 slipped 0.1% to 2,801.83, and the Nasdaq 100 fell 0.03% to 7,350.23. Meanwhile, the greenback fell across the board after it emerged that Trump had said in an interview with CNBC on Thursday that he was ready to impose tariffs on all $500bn of Chinese imports if China did not bow to US complaints about its trade policies. In the interview, Trump criticised the Federal Reserve's interest rate rises, made it clear he wants a weaker dollar and said he was "ready to go to 500" on Chinese imports. “The US currently plans to impose tariffs on imports from China worth $250bn, out of a total of just over $500bn last year, so this latest threat would represent a significant step up in its protectionist trade policies if enacted,” said analysts at Capital Economic. The US President also attacked the European Union and China over their currency weakness. Still, equities proved relatively resilient in the face of Trump's latest comments for much of the session. In corporate news, software giant Microsoft rallied 1.79% after the company's quarterly revenue and profit beat analysts' expectations late on Thursday. Fourth-quarter profit rose to $8.87bn or $1.14 a share, beating a forecast of $1.08 while sales rose 17% to $30.1bn versus expectations of $29.2bn. The solid performance was driven by an increase in sales for the group's flagship Azure clouding computing business and good growth for its productivity and business processes unit. Honeywell was also on the front foot, adding 3.79% after its quarterly profit came in ahead of expectations and the company lifted its 2018 earnings forecast. On the downside, General Electric retreated 4.44% after the company said profit dropped 30% in the second quarter on the back of weakness in its power division. Skechers USA shares tumbled 20.99% after the footwear company's second-quarter same-store sales and earnings missed expectations. Atlantic Advisory - Share Tips of the Year 2018 Download Our Latest Report Here Losses can exceed deposits Monday newspaper round-up: De La Rue, Tesco, Glaxo Smith Kline The hedge fund pushing for change at passport and banknote maker De La Rue has increased its stake and ramped-up pressure on the boss to overhaul the firm. Crystal Amber is now understood to control about 4 per cent of the British company, up from 3.1 per cent following a high volume of trades on Friday. The activist fund is calling on De La Rue's management to come up with a strategy that will prepare it for the future by focusing more on selling its technology. - The Daily Mail Tesco is set to launch a chain of discount shops to take on cut-price German retailers Aldi and Lidl at their own game. The supermarket giant has earmarked as many as 60 existing stores to transform into a low-price chain expected to operate under a new brand name. Sources speculated that the stores may be called Jack's - a reference to Tesco founder Jack Cohen - because an obscure Tesco subsidiary recently tried to register the name as a trademark. - The Daily Mail In a strategy update this week, Glaxo is expected to outline plans to focus on developing blockbuster cancer drugs as it rebuilds its portfolio in the medicines industry’s most lucrative market four years after it largely, and contentiously, exited the area via a multibillion-dollar asset swap with Novartis, a Swiss rival. Ms Walmsley will be joined at a presentation to the City on Wednesday by Hal Barron, Glaxo’s new chief scientific officer and head of research and development, who has been reviewing the drugs pipeline for the past six months. - The Times Theresa May will chair a cabinet meeting in the north-east of England as she starts a summer campaign intended to gain public support for her much-criticised Chequers Brexit plan. The visit on Monday is intended primarily to show the government’s ongoing support for the "northern powerhouse" concept, and May will confirm that up to £780m is being set aside for a pre-planned east coast mainline upgrade and that the is to go ahead. - The Guardian President Trump’s efforts to neutralise the nuclear threat posed by North Korea are in danger of running aground as the communist state cancels key meetings and returns to its belligerent rhetoric. [...] However, US diplomats have since made it known that their counterparts in Pyongyang have refused to engage in meaningful discussions. American intelligence officials have told The Washington Post that the North is working to conceal key aspects of its nuclear programme and that a missile-engine testing facility that Mr Trump said would be destroyed remains intact. - The Times Britain will "thrive" even if there is no Brexit deal, Dominic Raab has said, as his predecessor David Davis called on the Prime Minister to "reset" her Brexit plan and prepare a "reserve parachute" in case no agreement is reached. Mr Raab said there was "tremendous pressure" on the EU to secure a deal as he branded his counterparts "irresponsible" for failing to reassure British citizens living abroad about their rights after Brexit. - The Daily Telegraph A second investment fund has been set up in Ireland by the City firm co-founded by Jacob Rees-Mogg, after it warned earlier this year about the financial dangers of the sort of hard Brexit favoured by the Conservative MP. The fund, which is backed by $50m (£38m) in seed money from the Swedish national pension plan, was created to meet demand from international investors, according to Somerset Capital Management (SCM). - The Guardian   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. Add us to your address book Unsubscribe from ADVFN news bulletin 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