| The 12 Stocks of Christmas Who could rebound the most in December? The end of the year is an excellent time for traders; data going back over three decades notes that December often sees a stock market rally to cap the end of the trading year. This report looks at 12 Stock Picks for this year's Santa Rally to assess which of them have the best potential for recovery.78% of retail clients lose money, consider affordability. Download Here | | | London open: Stocks edge higher as investors eye inflation data, Fed | | | | | London stocks edged higher in early trade on Wednesday, taking their cue from a positive session on Wall Street as investors eyed key UK inflation and the latest policy announcement from the Federal Reserve. At 0850 GMT, the FTSE 100 was up 0.3% at 6,722.26, while the pound was up 0.2% against the dollar at 1.2663 and down 0.2% versus the euro at 1.1106. All eyes in the UK will be on inflation data coming later in the morning, Brexit developments in Westminster throughout the day but most of all on the Federal Reserve, which is due to give its monetary policy announcement after the London close. The market is pricing in a 72.3% probability of an interest rate hike. "However, the real concern for the market is what comes next," said analyst Jasper Lawler at London Capital Group. "With growing fears over the health of the global economy, the markets simply don’t think the US economy can handle higher rates. "Traders will be watching for dovish signs, such as the dropping of the phrase 'further gradual rate rises' from the statement and a softening of the dot plot from three hikes to at most two. In short, if the Fed must hike today, and they will struggle to justify not hiking on current US economic strength; then it will need to be a dovish hike to prevent the US equity markets dumping once more. The dollar has traded lower across the week in anticipation of a dovish hike." Back in the UK, the Office for National Statistics will publish November inflation numbers at 0930 GMT, where economists are expecting the headline figure to dip to 2.3% from 2.4%. The core CPI reading is tipped to decline to 1.8% from 1.9%. In company news, GlaxoSmithKline was sitting pretty at the top of the FTSE 100 after agreeing a deal with Pfizer to combine their consumer health businesses into a joint venture generating £10bn of annual sales, before spinning it off as a separately listed company within three years. GSK, which will have controlling stake of 68%, said the combination of the two businesses is expected to generate annual cost savings of £0.5bn by 2022 at a cash cost of £0.9bn and non-cash costs of £0.3bn. Sports betting and gaming group GVC Holdings followed close behind as the government’s £2 limit on fixed-odds betting terminals kicked in, meaning it avoids a £676m payment over its takeover of Ladbrokes Coral. Online gambling firm 888 Holdings rallied after saying it expects full-year adjusted EBITDA to be in line with expectations as the second half delivered further progress against the group's strategic objectives. 888 said it had continued its momentum in Sport, Casino and across regulated European markets. James Fisher & Sons edged up as it won a £30m contract with Daewoo Shipbuilding & Marine Engineering to design, build and deliver a deep search and rescue vehicle for the Korean navy, together with training and in-service support. The vehicle will be delivered in 2021. Elsewhere, energy-related shares got some respite following heavy falls on Tuesday, as oil prices steadied, having tanked the day before on reports that Russia was planning to increase output. | | | | | Interactive Investor – Commission-Free US & International Trading Offer 15 exchanges - £0 commission - 24 hours only – Starts 18th Dec at 10pm Click Here Terms apply Currency & Capital at risk. Fx charges apply | | | | Top 10 FTSE 100 Risers| Sponsored by Interactive Investor | 
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| | | | | MERRY CHRISTMAS For a limited time only we are offering a 2 week FREE Trial of our Trading Alerts. Register now | | | US close: Markets make small gains as oil prices plunge | | | | | Wall Street finished with some small wins on Tuesday, after a session of heavy losses the day before, as investors exercised caution ahead of Wednesday's Federal Reserve policy announcement. The Dow Jones Industrial Average added 0.35% to 23,675.64, the S&P 500 eked out gains of 0.01% to 2,546.16, and the Nasdaq 100 closed 0.67% higher at 6,491.52. Before the opening bell, there was concern for another red-tinted day after Asian stocks slumped following a speech by Chinese President Xi Jinping, which failed to boost sentiment. In an address to commemorate the 40th anniversary of China's economic reforms, Xi called for China to "stay the course" on its current path of reform and said "no one is in a position to dictate to the Chinese people what should or should not be done". However, market participants were left disappointed after Xi failed to mention any new reforms or stimulus. “There is a lot of pessimism in the markets right now and while the Fed - or more accurately, its chairman - may have been the trigger, I wonder whether they may be nothing more than a scapegoat, with his comments being the straw that broke the camel’s back,” said Oanda analyst Craig Erlam. “Powell has since dialled back - or clarified - his hawkish views on interest rates and yet, the sell-off continues.” Elsewhere, Donald Trump publicly called upon the Federal Reserve to refrain from upping interest rates during its two-day meeting that kicks off today. Trump took to Twitter to ensure the Fed would not make "yet another mistake". "I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake," said the President. "Also, don’t let the market become any more illiquid than it already is. Stop with the 50 B’s. Feel the market, don’t just go by meaningless numbers. Good luck!" Energy-related shares were feeling the pinch as oil prices tumbled, amid supply glut worries. Brent crude was last down 6.3% at $56.08 per barrel, and West Texas Intermediate slid 7.97% to $46.20. On the data front, US housing starts rose more than expected last month, according to data released by the Commerce Department on Tuesday. Housing starts were up 3.2% to a seasonally-adjusted annual rate of 1.256m from October's revised 1.217m. Analysts had pencilled in a level of 1.225m. On the year, however, housing starts were down 3.6% from November 2017's rate of 1.303m. Meanwhile, single-family housing starts fell 4.6% to 824,000 last month from October's revised 864,000. Building permits were up 5% from October's revised rate of 1.265m to 1.328m, and 0.4% above November 2017's level of 1.323m. Privately-owned housing completions nudged up 0.4% from October's revised 1.095m to 1.099m, but were down 3.9% on the year. In corporate news, software company Oracle lost some of its earlier gains, finishing 0.26% higher after better-than-expected third-quarter earnings late on Monday. Shares in Olive Garden parent Darden Restaurants gained 5.02% following the release of its second-quarter numbers. | | | | | 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 | | | Wednesday newspaper round-up: Brexit, Facebook, Sir Martin Sorrell, GlaxoSmithKline, Pfizer, Donald Trump | | | | | Theresa May is to start culling Tory manifesto commitments after her cabinet decided yesterday to accelerate planning for a no-deal Brexit. David Lidington, who is in effect the prime minister’s deputy, will start in “short order” to identify policies to be shelved to free resources for the no-deal, a senior figure said. - The Times Britain’s 'big five' business bodies have united to call on politicians to prevent Britain crashing out of the European Union without a trade deal next spring. They say UK business is “watching in horror” as political factions fight each other rather than work out what practical steps can be taken to limit the chaos they fear a disorderly exit from the trading bloc would cause. - Telegraph Sajid Javid is expected to publish a long-delayed white paper on Britain’s tough new immigration regime on Wednesday, as the prime minister seeks to build the case for her Brexit deal by pledging to “take back control of our borders”. - Guardian Facebook gave 150 companies access to hundreds of millions of users' data without their knowledge or consent. Records obtained by the New York Times reveal that the amount of data Cambridge Analytica received from a Facebook app paled in comparison to the access that was granted to the social media giant's biggest partners, including Amazon, Spotify, and Netflix. - Daily Mail Sir Martin Sorrell has been dragged into the fallout from the Grenfell Tower disaster through a lawsuit against Arconic, manufacturer of the cladding panels blamed for the rapid spread of the fire. The former chief executive of WPP, the advertising giant, was a director of Arconic. He and other individuals connected to the $10 billion engineering company are being sued in the US over allegations that they failed to disclose that the panels were unsafe. - The Times Drugs giants GlaxoSmithKline and Pfizer have agreed to merge their consumer healthcare divisions to create a business with combined sales of £9.8bn. British company Glaxo will own 68pc of the joint venture, while US firm Pfizer will own the remaining 32pc stake. - Telegraph Donald Trump has stepped up his pressure on America’s central bank to shelve plans for an expected increase in interest rates to prevent the bleakest December for Wall Street since the US was in the throes of the Great Depression. - Guardian Desperate stores are praying for a last-minute sales rush to save their Christmas - slashing prices in a bid to lure thrifty shoppers. Britons are expected to spend almost £3bn - both on the High Street and using online firms - on their final Christmas purchases during 'Frenzied Friday’ and 'Super Saturday’. - Daily Mail President Trump dissolved his personal charitable foundation yesterday after prosecutors said that it was mired in a “shocking pattern of illegality” that had been referred to the US tax authorities for further investigation. Despite the shutdown the Donald J Trump Foundation and its directors - Mr Trump and his three eldest children: Donald Jr, Ivanka and Eric Trump - continue to be investigated by New York prosecutors over the “wilful self-dealing” of its funds for the presidential campaign and other personal purposes. - The Times Charles Michel, the Belgian prime minister, resigned on Tuesday night after his government collapsed in the face of virulent opposition to his signing of a UN migration pact from his erstwhile coalition partners. Mr Michel lost the support of the Flemish nationalist N-VA, the largest party in his coalition, over the non-binding UN agreement, which opponents had claimed would open the door to greater migration. - Telegraph Barclays has been slapped with a $15m (£12m) fine by a New York regulator over attempts by chief executive Jes Staley and senior management to unmask a whistleblower. The New York state department of financial services said its investigation found “shortcomings in governance, controls and corporate culture relating to Barclays’ whistleblowing function”. - Guardian Investors are more pessimistic about the world economy than they have been at any point since the 2008 financial crisis, a survey of leading money managers found yesterday. Concerns about a slowdown, compounded by fears of an escalation of the US-China trade war, have prompted them to move into defensive assets and dump shares, a report by Bank of America Merrill Lynch (BAML) said. - The Times Lewis Hamilton, the Five-time Formula 1 champion, said he "chose the wrong words" when he referred to his hometown of Stevenage as "the slums" during Sunday's BBC Sports Personality of the Year show. The 33-year-old finished second in the public vote behind Tour de France winner Geraint Thomas and during a pre-vote interview he spoke about his background growing up in the Hertfordshire town. - Telegraph Google has been forced to explain to the New Zealand government why it breached the country’s strict suppression laws by naming the man charged with murdering British backpacker Grace Millane. The company said it had occurred by mistake, but stopped short of apologising for the blunder. Senior policy manager Ross Young told media Google had acted when it had been made aware of the court order, four days after it was issued. - Guardian | |
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