| 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 rise on upbeat Wall St cues | | | | | London stocks rose in early trade on Friday, taking their cue from a late recovery on Wall Street. At 0820 GMT, the FTSE 100 was 0.8% higher at 6,637.26, while the pound was up 0.1% against the dollar at 1.2654 and 0.2% lower versus the euro at 1.1041. Mike van Dulken, head of research at Accendo Markets, said all the late reversal on Wall Street did was "add to what has become a surprisingly volatile end to the trading year, seemingly doing its best to compress 2018's moves into the space of just a few days". "Portfolio re-rebalancing and automated trading are still being blamed, along with a poor US consumer confidence data and bargain-hunting amid thin holiday volumes. That said head-scratching is widespread while all the same headwinds prevail; US government shutdown, US/China trade uncertainty, Brexit, monetary policy tightening, oil supply/demand, etc." Brexit was in focus after Labour Leader Jeremy Corbyn said the vote on the EU withdrawal agreement - due to happen in the week starting 14 January - must take place "as soon possible". Corbyn urged Prime Minister Theresa May to cut the Christmas recess short and recall Parliament so that MPs can vote on the deal. In an interview with the Independent, Corbyn said: "I want us to have a vote as soon as possible, that’s what I’ve been saying for the past two weeks, and if that means recalling parliament to have the vote let’s have it. "But it looks to me the government has once again reneged on that and tried to put it back another week." MPs are due back in the Commons on 7 January. Corporate news was thin on the ground. Bank of Georgia rallied as it said it had raised $35m in two separate deals to finance local businesses. The group said it had co-operated with the Green for Growth Fund to raise $25m to finance micro and small enterprises, large businesses and public entities. A second deal with the European Fund for Southeast Europe to raise $10m with a maturity of five years will support the working capital financing and investment needs of micro and small enterprises. Irish building materials seller CRH gained after saying it had completed the third phase of its €1bn share buyback programme, returning a further €100m to shareholders and taking the total since April to €800m. Outside the FTSE 350, Cambridge-based Xaar, which supplies industrial inkjet printheads, tumbled as it warned that revenue for 2018 will be below the previous year as trading in the three months to December has continued to be below its expectations. | | | | | MERRY CHRISTMAS For a limited time only we are offering a 2 week FREE Trial of our Trading Alerts. Register now | | | | Top 10 FTSE 100 Risers| Sponsored by Interactive Investor | 
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| | | | | 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 | | | Europe open: Shares start in upbeat mood after Wall St rally | | | | | December's roller-coaster ride for equities continued on Friday as European shares opened higher after another day of volatility on Wall Street. The Stoxx 600 started the day almost 0.6% higher, with all European bourses taking their lead from the US. London, Paris, Italy, Spain and Germany were all higher. US markets endured a day of swings, with shares lower at midday but finishing the day higher with the Dow up 1.13%, the S&P adding 0.85% and the Nasdaq 0.38%. The Dow staged a late rally to wipe out earlier losses and close 260 points higher on Thursday, following its 1,000 point surge in the previous session, its biggest one-day points gain ever, to help bounce back from the Street's worst-ever Christmas Eve performance earlier in the week. Adding to the upbeat tone was news that a US government delegation will head to Beijing in January to hold trade talks with Chinese officials. Investors have plenty on their plate to ponder, trade disputes between China and the US, higher American interest rates, the continuing government shutdown in Washington, Brexit and a slowing Chinese economy. Volumes remained thin with traders still on holiday and a dearth of corporate news. Endesa led the fallers as the stock went ex-dividend, while oil explorer Aker BP rose after the Norwegian Petroleum Directorate approved the company's request to drill two exploration wells in the southern Norwegian North Sea. | | | US close: Stocks close higher, erasing earlier losses | | | | | US stocks closed higher on Thursday, erasing sharp losses earlier in the session to continue solid gains recorded a day earlier despite concerns about Sino-US relations resurfacing. At the close, the Dow Jones Industrial Average was 1.14% higher at 23,138.69, while the S&P 500 was up 0.86% at 2,488.80 and the Nasdaq was 0.38% stronger at 6,579.49. The Dow staged a late rally to wipe out earlier losses and close 260 points higher on Thursday, following its 1,000 point surge in the previous session, its biggest one-day points gain ever, to help bounce back from the Street’s worst-ever Christmas Eve performance earlier in the week. Stocks in the US had rallied on the back of Mastercard data showing that sales during the holiday season rose the most in six years in 2018 and after Kevin Hassett, chairman of the White House Council of Economic Advisers, affirmed that Fed chairman Jerome Powell’s job was "100% safe". Adding to the upbeat tone was news that a US government delegation will head to Beijing in January to hold trade talks with Chinese officials. The positive mood was short-lived, however, with traders likely stepping in to book some profits. On the macro font, figures released by the Labor Department earlier showed the number of Americans filing for unemployment dipped a touch last week. US initial jobless claims fell by 1,000 from the previous week’s revised level to 216,000. The previous week's level was revised up by 3,000 to 217,000. Economists had pencilled in a level of 217,000. Meanwhile, the four-week moving average declined by 4,750 to 218,000. The previous week's average was revised up by 750 to 222,750. The four-week average is considered more reliable as it smooths out sharp fluctuations in the more volatile weekly figures, giving a more accurate picture of the health of the labour market. Elsewhere, West Texas Intermediate slipped 1.17% to $45.68 a barrel on Thursday and Brent Crude dropped 2.22% to $53.26. The USD dipped 0.16% against the GBP to 0.7903. In corporate news, Boston Scientific picked up 2.38% after analysts saw its takeover of Millipede as a good strategic fit for the firm, while Adept shares ticked ahead 0.68% despite being hit with a fine for dodging reporting guidelines by the SEC. | | | Friday newspaper round-up: Energy price hikes, house prices, Three | | | | | This year has proved the worst ever for the number of price rises energy suppliers have inflicted on consumers. Energy firms announced a total of 57 price increases in 2018 compared with 15 last year, according to new analysis. Some of the challenger firms upped tariffs as many as three times across the year and several of the big six that dominate the market raised them twice. Altogether, an average of £74 was added to annual dual fuel bills. – Guardian The seaside town of Ryde on the Isle of Wight, Smethwick in the West Midlands and Diss in Norfolk were the top towns for property growth in 2018, with prices up as much as 10% in a year when house price inflation across the UK fell to 1%. The biggest price fall was in Alnwick, Northumberland, best known for its castle used as a location in the Harry Potter films, where values dropped by 6.6%. Biggleswade in Bedfordshire, Nantwich in Cheshire and Eastleigh in Hampshire all recorded price falls of 5% or more. - Guardian Britons are switching jobs in record numbers, analysis of official figures shows, as the tight labour market helps workers secure higher pay. More than one in every 40 workers moved to a new job in the three months to September, amounting to 860,000 people giving up one position to take another role. - Telegraph One of Britain's largest mobile providers is facing growing pressure to review its links with Huawei after the UK defence secretary voiced "grave concerns" over use of the controversial Chinese company's equipment in the roll-out of 5G telecom networks across the UK, amid espionage fears. Three, a subsidiary of Hong Kong conglomerate Hutchison Holdings, signed a deal with Huawei in June to act as a key supplier for a £2bn project to build 5G networks in the UK. Hutchison is part of a sprawling international business empire controlled by Li Ka-Shing, Hong Kong's richest man. - Telegraph The government is considering new laws to protect consumers who lose money on items they have ordered when a business collapses. The move, led by Greg Clark, the business secretary, is intended to give shoppers greater peace of mind when buying products online, purchasing gift vouchers or participating in payment schemes such as Christmas savings clubs after a string of high street insolvencies that have left people out of pocket. - The Times | |
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