| MJAC CryptoCompare Blockchain Summit We are pleased to announce that the company behind the Amun ETP - the world's first crypto index ETP listed on a regulated stock exchange – is appearing at MJAC on November 30th. Hany Rashwan will present : The Blockchain Technology Behind The World's First Listed Crypto Index. Other companies also participating include: Coinbase, Coinfloor, Circle, CEDEX, Cumberland, NKB Group, BlockEx, 11:FS, Global Digital Finance, Atlas Neue, Ripple, Lendingblock, eToro, PowerSnooker, Melonport, Elation Capital, CoinShares, Cambrial, DLA Piper, Liquid by Quoine and more.... For tickets and a 30% discount Click Here Or use discount code ADVFN on https://mjac.io/ Hope to see you this Friday. | | | London open: Stocks nudge lower as Thomas Cook tanks on profit warning | | | | | London stocks nudged a touch lower in early trade on Tuesday, with Thomas Cook sharply lower after another profit warning and sterling under the cosh. At 0830 GMT, the FTSE 100 was down 0.1% to 7,032.51, while the pound was 0.7% weaker against the dollar at 1.2735 and 0.4% lower versus the euro at 1.1267 amid concerns about how Theresa May will get her Brexit deal through Parliament and after Donald Trump cautioned that the US could stop trading with the UK. Trump said the latest Brexit deal announced by Theresa May was a "great deal for the EU" but could mean that the US stops trading with the UK. In a speech outside the White House on Monday, the US President said: "I think we have to take a look at, seriously, whether or not the UK is allowed to trade. Because, you know, right now, if you look at the deal, they may not be able to trade with us." However, a Downing Street spokesperson later refuted the claims. "The stakes are high for Theresa May as she's embarking on a journey to secure the necessary support to get her Brexit deal through the Parliament," said Konstantinos Anthis, head of research at ADSS. "In the short term, cable is pointing lower as the odds of May getting the votes she needs are slim: the interim support lies at 1.2760 and a slide below that clears the path towards the 1.27 round figure." Meanwhile, Sino-US relations were in focus again after Trump renewed his China tariff threats ahead of the G20 meeting at the end of the week, though China's foreign ministry spokesman told reporters that on a phone call earlier this month Trump and president Xi Jinping had agreed to reach a "mutually beneficial" arrangement on trade. In corporate news, shares in FTSE 250 tour operator Thomas Cook were in freefall after it withdrew its dividend and cut its annual profits guidance for the third time this year. The company, having only just issued a second profit warning in September, said its final result was expected to be around £30m lower than previously guided due to a number of legacy and non-recurring charges. FTSE 100 peer TUI was also on the back foot. "The woe continues for shareholders, in what has been an awful year for Thomas Cook," said CMC Markets analyst Michael Hewson. "Before this morning’s announcement, the share price had already fallen 60% year to date and this announcement along with the news that the company was suspending the dividend has seen the shares plunge another 30%. "The decision to cut the dividend can’t have been taken lightly, however the lack of dividend is likely to be the least of shareholders' problems given how badly the shares have performed this year." Elsewhere, NMC Health was down nearly 8% after Jefferies downgraded the stock to 'underperform' from 'hold'. Amigo Holdings slipped even as the high interest lender reported a rise in revenue and profit in its first interim results since its IPO in July as customer numbers grew. Rathbone Brothers was in the red as it announced the departure of chief executive officer Philip Howell and said it has appointed Paul Stockton as his successor. On the upside, bakery chain Greggs surged as it said total sales in the eight weeks to 24 November were up 9% and lifted its 2018 profit forecast. Pennon gained as the utility posted a 2.9% rise in first-half pre-tax profit and a 3.1% increase in revenue and Hikma Pharmaceuticals was boosted by an upgrade to 'buy' from 'hold' at Jefferies. | | | | | Are you looking for a profitable trading strategy? Do you have 20 minutes a day to follow this strategy? Yes! Then you need to watch this session. In fact for the past 6 months this strategy has been averaging +1275 pips per month! Book A Free Place To Find Out More | | | | Top 10 FTSE 100 Risers| Sponsored by Interactive Investor | 
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| | | | | MJAC CryptoCompare Blockchain Summit We are pleased to announce that the company behind the Amun ETP - the world's first crypto index ETP listed on a regulated stock exchange – is appearing at MJAC on November 30th. Hany Rashwan will present : The Blockchain Technology Behind The World's First Listed Crypto Index. Other companies also participating include: Coinbase, Coinfloor, Circle, CEDEX, Cumberland, NKB Group, BlockEx, 11:FS, Global Digital Finance, Atlas Neue, Ripple, Lendingblock, eToro, PowerSnooker, Melonport, Elation Capital, CoinShares, Cambrial, DLA Piper, Liquid by Quoine and more.... For tickets and a 30% discount Click Here Or use discount code ADVFN on https://mjac.io/ Hope to see you this Friday. | | | US close: Markets higher after bumper sales weekend for retailers | | | | | Wall Street trading finished Monday in the green, as oil prices staged a timid bounce and stocks tried to recover from record-breaking losses over the Thanksgiving week. The Dow Jones Industrial Average ended the session up 1.46% at 24,640.24, the S&P 500 added 1.55% to 2,673.45, and the Nasdaq 100 was up 2.31% at 6,678.34. On the geopolitical front, market participants were keeping a keen eye on events surrounding this week's G20 meeting in Buenos Aires, where it's expected that Donald Trump and China's Xi Jinping will discuss trade. "Expectations remain low about a solution in the short term with the prospect that tariffs could well increase at the beginning of next year from the current 10% to an increased rate of 25%," said CMC Markets analyst Michael Hewson. "While deal expectations have been set to a low level, an agreement to not implement the proposed increased rate at the beginning of next year could be described as progress." Investors were also watching developments across the pond Theresa May's Brexit plan being signed off at the EU summit on Sunday and as Italian PM Matteo Salvini signalled over the weekend that the country may lower its contentious borrowing target. Energy-related shares were in focus as oil prices recovered after Friday's plunge and ahead of next week's OPEC meeting. However, despite the gains, Oanda analyst Craig Erlam pointed out the performance paled in comparison to the losses seen last week. "Trump has been publicly pressuring the group (OPEC) to let prices fall while praising Saudi Arabia for its role in the falls, something sceptics have tied to the President apparently turning a blind eye to the country’s role in the Khashoggi murder," said Erlam. "There is perhaps a belief that the Saudis will avoid taking measures to significantly raise prices next week in a bid to appease Trump, although I remain sceptical this will happen." Retailers were also in focus as data from Adobe Analytics showed that online sales hit a record $6.22bn on Black Friday, rising 24% from a year ago. "If this pattern extends into today’s Cyber Monday then the US economy could well sustain its decent performance over the last two quarters right into the end of the year," said Hewson. Amazon shares were up 5.28% after it revealed that customers were shopping at record levels, while Best Buy and Target were up 2.83% and 2.82%, respectively. In terms of data, improvements in employment-related indicators saw the Chicago Fed National Activity Index rise to 0.24 in October from the 0.14 recorded in September, according to the Federal Reserve Bank of Chicago. Meanwhile, the Dallas Fed revealed a slow in factory activity growth in Texas in November in its Manufacturing Outlook Survey, reporting that price and wage increases also eased during the month. According to the index, general business activity was 17.6 for November, sliding from 29.4 in October. | | | | | THE DOWNTURN MILLIONAIRE MASTERCLASS Master the skill to making money in a market crash... in less than 60 minutes ***Attendance is FREE for a limited time*** GO HERE TO GET YOUR TICKET NOW
Capital at risk. Results are not guaranteed. | | | Tuesday newspaper round-up: Brexit, Trump, Drax, City broker | | | | | President Donald Trump has warned Britain “may not be able to trade with the US” because of Theresa May’s Brexit deal in comments that could torpedo her hopes of winning Parliament’s backing. Mr Trump said the agreement Mrs May reached with Brussels on Sunday “sounds like a great deal for the EU” as he urged the Prime Minister to think again. - Telegraph Telling MPs they had a duty to listen to their constituents, Theresa May told the House of Common she was absolutely certain "there is not a better deal available”. In a blow to the prime minister’s hopes of attracting enough Labour MPs to get her deal through the Commons, one of the most prominent possible opposition rebels said he had decided to vote against Mrs May. - The Times Almost half of Theresa May’s cabinet have held talks to weigh up the possibility of backing a soft Brexit option as a plan B if parliament rejects the prime minister’s EU withdrawal deal. Four cabinet ministers have held meetings to discuss the “Norway plus” plan amid concerns at the top of government that May will struggle to muster enough votes to get her proposals through the Commons. - Guardian Theresa May last night agreed to go head-to-head with Jeremy Corbyn in a Brexit TV debate. Downing Street reversed its initial reluctance to expose the prime minister to a high-profile showdown with the Labour leader amid fears that refusing to take part could be seen as weak. - The Times America’s largest car manufacturer will cease production at seven factories and cut more than 14,000 jobs in a restructuring that has deeply angered President Trump. Mr Trump said he was “not happy” and had told Marry Barra, General Motors’ chief executive, that she should stop making cars in China and open a new plant in Ohio to replace the ones where the company is planning to end production. - The Times Liberum Capital could become the latest City broker to lose its independence as an Australian investment bank eyes a takeover that could value the company at £100 million. Macquarie has explored buying Liberum as more regulation and a slowdown in dealmaking have put pressure on brokers to merge to help to compete in a tough market. - The Times Despite the encouragement of politicians and regulators keen to promote competition, small energy providers have started dropping like flies. Six household suppliers have gone bust this year. The largest two, Extra Energy and Spark Energy, with almost 400,000 household customers between them, collapsed last week. - The Times Air pollution from roads causes at least €70bn (£62bn) in health damage every year in the European Union, according to a new report, with diesel fumes responsible for three-quarters of the harm. The research, commissioned by the European Public Health Alliance (EPHA), found the vast majority of the costs were borne by taxpayers through government-funded health services. But these costs could be reduced by 80% by 2030 if ambitious action were taken, the report concluded. - Guardian Britain’s first carbon capture project has kicked off at the Drax renewable energy plant in North Yorkshire, with the aim of retrieving one tonne of CO2 a day from the gases produced by the country's biggest power station. The pilot programme, which is also a first for Europe, is costing Drax £400,000. It will run for six months in collaboration with University of Leeds spin-out C-Capture, which has developed the technology to isolate carbon gases. - Telegraph An investment fund based in Switzerland is looking to rescue the UK’s only operating metals mine from liquidation, but talks have hit a snag over the cost of restoring the land after its working life has finished. Pala Investments, owned by billionaire Vladimir Iorich, is understood to be willing to pump £25m into the Drakelands tungsten mine in Devon after its owner Wolf Minerals went into liquidation last month. - Telegraph Supreme court judges appeared open to allowing customers to sue Apple for allegedly exploiting its market dominance to inflate the price of iPhone apps, dealing a blow that could wipe out a considerable revenue stream for the technology giant if it goes ahead. Lawyers denied that it overcharges consumers through its App Store during an hour-long hearing at the Supreme Court, California on Monday. - Telegraph Passengers on the new HS2 line could have Amazon parcels delivered to their seat under plans by a train manufacturer bidding for the contract. Bombardier Transportation, which is competing against four other companies to build the high-speed trains, said that it was developing technology to host click-and-collect services on board. - The Times A feud between two Russian oligarchs was fought out in the High Court yesterday, with claim and counterclaim of corruption, dirty tricks and the “armed takeover” of a business. More than 40 lawyers lined up in the commercial court in London for the contest between Oleg Deripaska, the aluminium tycoon facing sanctions in the US, and Vladimir Chernukhin, once a minister for President Putin. - The Times A $2.2 billion deal involving two leading mobile payment services could mean higher costs for customers, the competition watchdog has warned. Paypal, America’s largest digital payments company, said in May that it was acquiring iZettle, a Swedish start-up that provides mini credit card readers that turn smartphones and tablets into mobile payment registers. - The Times | |
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