Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Tuesday, 03 December 2013 17:37:56 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan 3 Superb Stocks to Buy BEFORE Christmas There is a small window of opportunity if you're quick! Click here for your FREE report. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: FTSE 100 hits seven-week low on taper fears - FTSE 100 at lowest level since October 14th - US jobs report in focus as taper speculation picks up - UK construction activity at six-year high techMARK 2,640.56 -0.50% FTSE 100 6,532.43 -0.95% FTSE 250 15,153.14 -1.18% The FTSE 100 finished around one per cent lower on Tuesday and at a seven-week low as weakness in the mining and financial sectors weighed heavily on London's benchmark index. Despite data earlier in the session showing an unexpected surge in UK construction activity last month, investors were beginning to scale back risk appetite ahead of a busy end to the week, full of central bank meetings and economic data from across the globe. Eyes remain firmly fixed on the US November jobs report due Friday with investors wary that a stronger-than-expected increase in non-farm payrolls could prompt the Federal Reserve to begin scaling back stimulus at its next meeting on December 17-18th. These fears were renewed yesterday after data showed that US manufacturing activity jumped to a two-and-a-half-year high last month. The FTSE 100 finished down 62.9 points at 6,532.43 this afternoon, its lowest level since October 14th when it closed at 6,507.65. "If the FTSE is going to maintain its 10-year record of rising over the month of December, it is going to do it the hard way: the index is down over 100 points in the first couple of days' trading," noted Market Analyst Alastair McCaig from IG. "The significant economic data due over the next few days has given those with a nervous disposition ample reason to flap, resulting in substantial sell-offs in almost all the major markets worldwide." Markets were relatively unfazed this morning by the UK construction purchasing managers' index (PMI) for November which smashed forecasts. The PMI unexpectedly surged to a six-year high of 62.6 last month, up from 59.4 in October and well ahead of the forecast for a slight fall to 59. Miners, financials drift lower It was a calmer day on the commodity markets today, though stocks in the mining sector were still reeling after a sell-off in metal prices on Monday. Randgold, Antofagasta, Vedanta Resources and Glencore Xstrata finished in the red. Rio Tinto pared losses but still finished lower after saying that it will cut capital spending significantly over the next two years. UBS was also providing some downwards pressure as it slashed target across the sector after making reductions in gold and silver forecasts for 2014 and 2015. Financial stocks were mostly lower with savings and investment group Old Mutual among the worst performers as JPMorgan Cazenove trimmed its target after adjusting for currency movements. Meanwhile, HSBC was hit by a downgrade from Nomura to 'neutral' with analyst Chintan Joshi saying that regulation is the "main headwind to the dividend story" at the bank. Retailers such as Next, Ted Baker and Sports Direct rose after the British Retail Consortium said that despite overall subdued sales growth in November clothing retailers had performed well. Next was being helped higher by Oriel Securities which upped its rating from 'hold' to 'buy'. Smith & Nephew gained after Morgan Stanley raised its rating to 'overweight', recommending investors to add exposure to the European healthcare equipment sector in 2014. Bookmaker William Hill was also in demand after UBS lifted the shares to 'buy', saying it is "well placed to benefit from the UK recovery". Shares in building materials supplier Travis Perkins slid lower as new Chief Executive John Carter made his first strategy presentation to institutional investors and City analysts. Carter said he expects "good growth" in all sectors, including General Merchanting, Plumbing and Heating, Contracts and Consumer, but the stock still finished down, along with sector peer CRH. NEW Trading Strategy - Currently running at 70% success rate Earn a tax free income trading, from just 20 minutes a day – no experience needed.  Our powerful trading software will help you decide when to enter trades and how to maximise profits. Register for a FREE brochure and trading guide, Click Here.  FTSE 100 - Risers Next (NXT) 5,515.00p +2.13% Smith & Nephew (SN.) 828.50p +1.91% William Hill (WMH) 387.10p +1.60% Tate & Lyle (TATE) 786.50p +0.83% Anglo American (AAL) 1,301.00p +0.62% SSE (SSE) 1,326.00p +0.45% Tesco (TSCO) 341.60p +0.21% United Utilities Group (UU.) 651.50p +0.15% Morrison (Wm) Supermarkets (MRW) 259.80p +0.12% Aberdeen Asset Management (ADN) 483.70p +0.10% FTSE 100 - Fallers CRH (CRH) 1,471.00p -4.42% Melrose Industries (MRO) 280.30p -3.58% Old Mutual (OML) 189.20p -3.57% Antofagasta (ANTO) 754.00p -3.40% Randgold Resources Ltd. (RRS) 4,017.00p -3.37% Travis Perkins (TPK) 1,723.00p -3.26% Wolseley (WOS) 3,186.00p -3.19% Mondi (MNDI) 942.50p -3.13% Burberry Group (BRBY) 1,480.00p -2.95% Resolution Ltd. (RSL) 330.70p -2.79% FTSE 250 - Risers Ted Baker (TED) 2,128.00p +4.93% Betfair Group (BET) 1,080.00p +4.85% Brewin Dolphin Holdings (BRW) 280.60p +3.54% NMC Health (NMC) 410.00p +3.14% Fisher (James) & Sons (FSJ) 1,162.00p +2.56% Homeserve (HSV) 264.70p +1.93% Fidessa Group (FDSA) 2,136.00p +1.91% Xaar (XAR) 1,025.00p +1.79% ITE Group (ITE) 299.80p +1.73% Daejan Holdings (DJAN) 4,389.00p +1.48% FTSE 250 - Fallers Hochschild Mining (HOC) 125.10p -8.89% African Barrick Gold (ABG) 152.60p -5.98% Essar Energy (ESSR) 74.85p -5.67% Carpetright (CPR) 540.00p -5.35% Centamin (DI) (CEY) 39.58p -4.83% Kazakhmys (KAZ) 213.50p -4.69% AZ Electronic Materials SA (DI) (AZEM) 263.50p -4.67% Perform Group (PER) 411.00p -4.64% Thomas Cook Group (TCG) 168.30p -3.99% Ladbrokes (LAD) 168.10p -3.61% Download your free Santa Rally report. Have you heard of the stock market phenomenon called the Santa Rally? The FTSE 100 has risen in 18 of the last 20 Decembers*. Download your free report showing a breaking down of what the average rise has been for the stocks within the FTSE over the month of December.  Losses can exceed deposits. * Past performance is no guarantee of the future Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks fall as US stimulus cut fears grow - Fed stimulus cut concerns grow - UK construction picks up - Spain's unemployment falls - Italy needs to rein in debt, says EU's Rehn FTSE 100: -0.95% DAX: -1.90% CAC 40: -2.65% FTSE MIB: -1.95% IBEX 35: -1.44% Stoxx 600: -1.53% European stocks ended Tuesday in the red as markets speculated on the timing of the stimulus tapering by the Federal Reserve. Better-than-expected economic data releases recently has fuelled speculation that the central bank will begin scaling back its monthly $85bn bond buying programme at its mid-December meeting. "Until recently, this had looked unlikely due to the unknown impacts of the US government shutdown on the economy and the mixed data seen in the months leading up to it, but now it looks well and truly back on the table," said Alpari analyst Craig Erlam. "The data we've seen for September recently has been surprisingly strong. If we see similar figures from the rest of the November figures, the FOMC may be tempted to test the water with a small reduction of around $10bn." A batch of US data out tomorrow and a non-farm payrolls report on Friday will be closely watched to gauge the health of the world's biggest economy that could prompt an earlier tapering than initially anticipated. UK construction rises more than expected The UK Markit/CIPS construction sector purchasing managers' index jumped to 62.6 from 59.4 in October, ahead of the consensus estimate for a reading of 59. A reading above 50 signals expansion. In Spain, the number of people registered as unemployed fell by 2,475 last month, the first decline for the month of November since the current system was introduced in 1997. Unemployment normally picks up in November as the tourism sector slows down after the summer. The consensus estimate was for an increase of 50,000 people. EU's Rehn warns Italy on debt reduction European Commission Vice-President and Commissioner for Monetary and Economic Affairs and the Euro Olli Rehn warned Italy today that the country was not doing enough to reduce debt. At approximately 134% of gross domestic product (GDP), Italy's public debt is far above the 60% European Union (EU) ceiling and second only to Greece. "Italy needs to follow a certain rate of debt reduction and it is not following it," he said in the interview. "The structural adjustment was supposed to be 0.5% of GDP and it is only 0.1%. That is why Italy has no room to maneuver," Rehn told Italian paper La Reppublica. Elsewhere in Europe former European Central Bank (ECB) member Jos Vials said that sluggish growth and low inflation in the Eurozone gives the monetary authority elbow room to take further monetary policy action. "In my opinion, the ECB could change rates even further in order to accelerate the European economic recovery," the former Eurozone monetary policymaker said in an interview published on Monday in the Polish newspaper Rzeczpospolita. Vials, who is current Financial Counsellor and Director of the Monetary and Capital Markets Department at the International Monetary Fund (IMF), noted that the economic situation gave the central bank leeway to pursue more stimulus. "Inflation is low, significantly below 2%, and the economy needs cheap money in order to recover. The recovery is very slow and unemployment remains at a dangerously high level," he explained. After cutting rates to a record low of 0.25% last month, the ECB's next monetary policy decision will be announced on Thursday. The consensus does not expect there to be another rate change after November's surprise cut. Orange slumps Orange dropped amid concern a price war in the French mobile market will extend to fourth-generation data services. Miners including Antofagasta, Fresnillo and Randgold edged lower with commodity prices fluctuating following a sell-off yesterday. ThyssenKrupp declined after raising 882.3m through a share sale. Sonova tumbled after Morgan Stanley downgraded the stock to 'equal weight' from 'overweight'. France's CAC 40 edged lower after Credit Suisse Group AG cut its rating on French stocks to 'underweight' from 'benchmark'. Euro strengthens against dollar The euro rose 0.43% to $1.3600. Brent crude futures increased $0.0571 to $112.090 per barrel, ICE data showed. The Share Centre: Trade online - Just £7.50 per deal. Sign up in minutes. Click here to find out more Capital at Risk Click Here US Market Report US open: Dow dips below 16,000 as taper speculation ramps up - Taper speculation ramps up ahead of jobs report - Dow trading near two-week low - Apple rises as UBS upgrades to 'buy' Dow Jones: -0.28% Nasdaq:-0.03% S&P 500: -0.13% Renewed fears about an impending taper of quantitative easing by the Federal Reserve pressured US markets lower on Tuesday morning for the third straight day. The Dow Jones Industrial Average slipped well below the psychologically important level of 16,000 in early trading in New York; it has not closed below this level since November 20th. Yesterday global manufacturing figures for November beat forecasts across the board, but a surprise pick-up in US manufacturing activity to a two-and-a-half-year high ramped up speculation regarding a withdrawal of stimulus. Markets are now turning towards the all-important jobs report on Friday to gauge the outlook on the economic recovery, given that it will be a key factor in the Fed's monetary policy decision at its meeting on December 17-18th. Consensus forecasts are pointing to a 183,000 increase in non-farm payrolls for November, below the 204,000 gain in October. The unemployment rate is expected to slip to 7.2% from 7.3%. "Continuing to drive sentiment this morning has been growing fears that the Fed will scale back its asset purchases when it meets in a couple of weeks time," said Market Analyst Craig Erlam from Alpari. "Until recently, this had looked unlikely due to the unknown impacts of the US government shutdown on the economy and the mixed data seen in the months leading up to it, but now it looks well and truly back on the table." Apple gains after UBS upgrade Tech giant Apple was limiting losses on the Nasdaq today with shares rising after an upgrade by UBS from 'neutral' to 'buy'. The bank raised its target for the stock from $540 to $650, saying that it "see[s] institutional money moving back into Apple in 2014". Cyber Monday sales rose, sending online shopping toward a single-day record as Amazon.com Inc. and EBay Inc. enticed consumers from brick-and-mortar stores. Krispy Kreme declined after the donut maker reported third-quarter revenue that missed analysts’ estimates. Yum slumped despite a surprise gain in same-store sales in China last month as promotions lured diners to its fried-chicken chain. KFC same-store sales in China gained in the first 10 days of the month, driven by a “Half Priced” bucket promotion. However, sales fell were down 8% in the last 20 days of November as the offer ended. EXCELSIOR Dow Service 72% winners! We have a 72% success rate on the Dow and you can sign up for just £47. Trading suggestions are spelt out with 100% clarity – easy and simple to use. We even guarantee to refund the £47 on request in the first month.  To join us click here. Broker Tips Broker tips: Old Mutual, Banks, Miners JPMorgan Cazenove has trimmed its target for savings and investment group Old Mutual from 228p to 223p. after adjusting for currency movements. However, the bank maintained its 'overweight' rating on the stock, highlighting attractive and improving returns from its emerging market life business. Barclays is the top pick in the UK banking sector, according to Nomura, which retained its 'buy' rating for the stock on Tuesday morning. The broker also kept a positive stance on Standard Chartered, but downgraded its rating for HSBC and reiterated its negative position on RBS. Lloyds, meanwhile, looks fairly valued, it said. UBS has slashed targets across the mining sector after downgrading its gold and silver price forecasts for 2014 and 2015. The bank said it now sees few positive catalysts for precious metal prices over the medium term, with the Federal Reserve expected to start tapering quantitative easing in January. Gold is losing its safe-haven demand and physical buying has its limits, it added. UBS cut its targets for the following stocks: Antofagasta, Aquarius Platinum, Fresnillo, Hochschild Mining, Kazakhmys, Lonmin and Rio Tinto.   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE To advertise in the Euro Markets Bulletin please contact patrick@advfn.co.uk     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

Morning Euro Markets Bulletin

ADVFN III Morning Euro Markets Bulletin Daily world financial news Tuesday, 03 December 2013 09:33:47 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan 3 Superb Stocks to Buy BEFORE Christmas There is a small window of opportunity if you're quick! Click here for your FREE report. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Mining stocks drag UK markets lower early on - Miners fall after steep drop in metal prices yesterday - Risk appetite scaled back ahead of US jobs report - HSBC downgraded by Nomura to 'neutral' techMARK 2,657.15 +0.13% FTSE 100 6,580.97 -0.22% FTSE 250 15,306.73 -0.18% Continued weakness in the mining sector dampened the FTSE 100 in London on Tuesday morning as investor risk appetite was being scaled back ahead of a number of risk events later this week. While things look rather busy on the macro agenda over the coming days - with plenty of economic data on tap and policy meetings in both the UK and Europe - the focus is likely to be on the all-important US jobs report due Friday, which could be a deciding factor in the Federal Reserve's impending taper of stimulus. Global manufacturing figures for November revealed yesterday beat forecasts across the board but an unexpected pick-up in US manufacturing activity to a two-and-a-half-year high was met with a mixed reaction from financial markets. "Obviously, the Fed is more focused on the labour market data specifically but, at the margin, this is more evidence is favour of an earlier taper," said analyst Amna Asaf from Capital Economics. Today's schedule looks relatively light but the purchasing managers' index (PMI) for the UK construction sector will be closely watched this morning. The PMI is expected to slip to 59 for November, from 59.4 the month before. Miners fall, HSBC hit by Nomura downgrade Mining stocks were once again out of favour today after some heavy falls on Monday following a sell-off across the commodities market which saw gold drop to a five-month low. While metals were broadly firmer this morning, the share prices of Antofagasta, Fresnillo, Vedanta, Randgold, Anglo American and BHP Billiton were registering losses early on. Rio Tinto was also in the red after saying that it will cut capital spending to $11bn in 2014 and to around $8bn in 2015, from the forecast $14bn to be spent this year. "Our results so far show we are taking decisive action, making tough decisions and advancing at pace," Chief Executive Sam Walsh is expected to say at an investor seminar today. Global banking group HSBC was in the red early on after analyst Chintan Joshi from Nomura downgraded the stock from 'buy' to 'neutral', saying that regulation is the "main headwind to the dividend story". RBS was named Nomura's "least preferred UK bank", weighing on the share price this morning. "We forecast downside from current levels", Joshi said. Heading the other way was BAE Systems after being upgraded to 'sector performer' by RBC Capital Markets and BG Group after Liberum Capital raised its rating to 'buy'. NEW Trading Strategy - Currently running at 70% success rate Earn a tax free income trading, from just 20 minutes a day – no experience needed.  Our powerful trading software will help you decide when to enter trades and how to maximise profits. Register for a FREE brochure and trading guide, Click Here.  FTSE 100 - Risers Next (NXT) 5,550.00p +2.78% Smith & Nephew (SN.) 835.00p +2.71% William Hill (WMH) 388.30p +1.92% United Utilities Group (UU.) 657.00p +1.00% Sports Direct International (SPD) 750.50p +0.94% Hargreaves Lansdown (HL.) 1,219.00p +0.58% Kingfisher (KGF) 371.70p +0.57% Aggreko (AGK) 1,596.00p +0.57% Lloyds Banking Group (LLOY) 78.99p +0.52% Bunzl (BNZL) 1,397.00p +0.43% FTSE 100 - Fallers Antofagasta (ANTO) 758.50p -2.82% Petrofac Ltd. (PFC) 1,213.00p -1.62% Aberdeen Asset Management (ADN) 476.00p -1.49% Tullow Oil (TLW) 853.50p -1.39% Admiral Group (ADM) 1,199.00p -1.32% Barclays (BARC) 266.70p -1.31% Weir Group (WEIR) 2,108.00p -1.26% Old Mutual (OML) 193.90p -1.17% Standard Life (SL.) 343.70p -1.15% CRH (CRH) 1,522.00p -1.10% FTSE 250 - Risers ITE Group (ITE) 310.40p +5.33% IP Group (IPO) 184.90p +2.67% Betfair Group (BET) 1,056.00p +2.52% Micro Focus International (MCRO) 833.50p +2.46% NMC Health (NMC) 404.90p +1.86% Rank Group (RNK) 141.40p +1.73% RPC Group (RPC) 512.50p +1.49% Ted Baker (TED) 2,054.00p +1.28% Keller Group (KLR) 1,038.00p +1.17% Ashtead Group (AHT) 695.50p +1.16% FTSE 250 - Fallers Hochschild Mining (HOC) 131.70p -4.08% Polymetal International (POLY) 489.70p -3.98% Centamin (DI) (CEY) 40.32p -3.05% Kazakhmys (KAZ) 218.90p -2.28% Investec (INVP) 414.70p -2.24% Evraz (EVR) 102.70p -2.10% Ferrexpo (FXPO) 170.30p -2.01% Inmarsat (ISAT) 673.00p -1.75% Intu Properties (INTU) 311.60p -1.67% UK Event Calendar Tuesday December 03 INTERIMS API Group, Betfair Group, Daisy Group, Greene King, Northgate, Park Group, Tricorn Group, Vianet Group INTERNATIONAL ECONOMIC ANNOUNCEMENTS Auto Sales (US) (15:00) Producer Price Index (EU) (10:00) FINALS Gooch & Housego, Infrastrata, ITE Group, Pressure Technologies IMSS Wolseley AGMS Aberdeen Asian Smaller Companies Inv Trust, Eruma UK ECONOMIC ANNOUNCEMENTS BRC Sales Monitor (00:01) PMI Construction (09:30) Download your free Santa Rally report. Have you heard of the stock market phenomenon called the Santa Rally? The FTSE 100 has risen in 18 of the last 20 Decembers*. Download your free report showing a breaking down of what the average rise has been for the stocks within the FTSE over the month of December.  Losses can exceed deposits. * Past performance is no guarantee of the future Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks mostly lower on US Fed tapering concerns - Strong US data fuels Fed tapering fears - ECB to introduce further easing, says Danske Bank - Cameron vows to back EU-China trade deal FTSE 100: -0.19% DAX: -0.12% CAC 40: -0.60% FTSE MIB: 0.12% IBEX 35: -0.23% Stoxx 600: -0.20% European equities were mostly lower as strong US data fuelled concerns about the prospect of a December tapering of monetary stimulus from the Federal Reserve. Yesterday's release of better-than-expected manufacturing data sent stocks sliding. The Institute for Supply Management (ISM) said its manufacturing sector purchasing managers' index (PMI) rose to 57.3 in November from 56.4 a month earlier, exceeding the 55.1 forecast and the 50 reading that signals expansion. Fed policymakers are turning to economic data to gauge the health of the world's biggest economy in deciding when to start scaling back its monthly $85bn bond buying programme. While most economists don't see a tapering until March 2014, the Fed has indicated that tapering could come as soon as its mid-December meeting as more robust US data suggests the country is recovering faster than expected. The pick-up in the economy comes despite the partial government shutdown in October. "The shutdown actually appears to have had absolutely no impact on the data that we've seen so far, which is good for the economy but bad for stock markets," said Alpari analyst Craig Erlam. "This is the problem with the current situation in the US. A deterioration in the data sends US indices to record highs while signs of improving economic conditions sends investors rushing for the exit." Investors will now wait for all-important US employment numbers on Friday. ECB monetary stimulus The European Central Bank (ECB) will introduce further monetary easing but its December meeting is too soon for such a move, according to Danske Bank Markets. The bank noted that while inflation rose to 0.9% in November from 0.7% in October, it is still well below the ECB's 2% target. Falling inflation prompted the central bank to cut its benchmark interest rate to 0.25% from 0.5% last month. "Inflation will still be top of the agenda and we expect Draghi to be dovish and signal that they are ready to act to ensure inflation expectations remain well anchored," Danske said of this month's upcoming meeting. "The need for more monetary stimulus is set to be reflected in the ECB's projections. The inflation forecast for 2014 is expected to be lowered to 1% and the first release of the 2015 inflation projection should remain far below the ECB's target." Dankse also expects the ECB to refrain from cutting rates further and instead introduce a new three-year long term refinancing operation (LTRO) in the first quarter, when data for the Asset Quality Review (AQR) has been collected. Meanwhile, UK Prime Minister David Cameron has vowed to back a multi-billion-dollar free trade deal between China and the European Union. During his three-day visit with about 100 business people, Cameron said Britain was open to Chinese investment and was well-placed to take advantage of its market liberalisation. His remarks are likely to irritate the European Commission which is said to be opposed to such a deal out of fear that it risks flooding the 28-nation bloc with cheap Chinese imports. ThyssenKrupp, Sonova ThyssenKrupp declined after a report obtained by Bloomberg News showed the steelmaker will sell 51m new shares at a price range between €17.05 and €17.15 each. Sonova slumped after Morgan Stanley downgraded the stock to 'equal weight' from 'overweight'. Miners including Antofagasta, Fresnillo and Vedanta Resources edged lower after the price of commodities dropped sharply yesterday with gold hitting a five-month low. Euro strengthens against dollar The euro rose 0.20% to $1.3569. West Texas Intermediate crude futures gained $2.06 to $111.680 per barrel on the ICE. The Share Centre: Trade online - Just £7.50 per deal. Sign up in minutes. Click here to find out more Capital at Risk Click Here US Market Report US close: Stocks fall on taper speculation, retail sales - Taper speculation increases after strong manufacturing figures - Black Friday retail sales disappoint - Shiller raises concerns about 'boom' on Wall Street Dow Jones: -0.48% Nasdaq: -0.37% S&P 500: -0.27% Heightened speculation about tapering and a disappointing outcome for retail sales over Black Friday pressure US stocks lower on Monday, with markets extending losses before the close. Stocks started the day lower as investors digested an unexpected pick-up in manufacturing activity to a two-and-a-half-year high in November, and what this means for monetary policy ahead of the Federal Reserve's next meeting on December 17-18th. "Obviously, the Fed is more focused on the labour market data specifically but, at the margin, this is more evidence is favour of an earlier taper," said analyst Amna Asaf from Capital Economics. The ISM's measure of US manufacturing unexpectedly increased to 57.3 in November from 56.4 the month before. Analysts were expecting a figure closer to 55.1. Meanwhile, the final reading of Markit's index on US manufacturing rose to 54.7 last month, from 56.4 in October and ahead of initial estimates. In other economic data, construction spending in the US rose by 0.8% over the month (consensus: 0.4%) in October but fell by 0.3% in the previous month (consensus: 0.5%). Black Friday, considered the start to the US holiday shopping season, saw its first drop in sales since 2009, according to a National Retail Federation survey conducted by Prosper Insights & Analytics over the holiday weekend. Total spending from Thanksgiving day last Thursday and through the weekend was estimated to have dropped by 2.9% to $57.4bn (£35bn). Average spending per shopper fell 3.9% to $407.02 (£247.92). Stocks were also being weighed down by comments from Nobel Prize for Economics laureate Robert Shiller, who raised concerns about an equity-market bubble on Wall Street. Speaking to Germany's Der Spiegel Sunday magazine, he said that the "boom" in the US stock market "makes me most worried […] because our economy is still weak and vulnerable". Retailers in focus in Black Friday aftermath A host of retailers were in the red after the weekend's sales figures disappointed, with Kohl's, Macy's, Urban Outfitters, JC Penney and Dollar General all registering losses. In contrast, internet retailers eBay and Amazon rallied as sentiment remains high ahead of 'Cyber Monday'. Online spending on Black Friday rose 15% to a record $1.2bn, according to ComScore Inc. US energy drink maker Monster Beverage advanced after JPMorgan raised its recommendation on the shares to 'overweight' from 'neutral'. 3M declined after analysts at Morgan Stanley downgraded their rating to 'underweight' following a strong run. Gold producer Newmont retreated as the price of the yellow metal dropped as much as 1.4%, the biggest fall in more than a week. Data-heavy week for markets Later in the week will be the release of reports on the US housing sector, consumer confidence and employment. However, Alastair Winter, Chief Economist at Daniel Stewart & Co, said that the November non-farm payrolls figures on Friday will be the "big number of the week". Anything close to October's surprise 204,000 jump is likely to "get pulses racing and equity prices falling" given the recent speculation surrounding an impending taper of quantitative easing. Fed policymakers have hinted that a scaling back of its $85bn per month in asset purchases could come as soon this month, but the majority economists expect a March 2014 start. S&P 500 - Risers Forest Laboratories Inc. (FRX) $56.32 +9.76% Marathon Petroleum Corporation (MPC) $87.41 +5.64% Phillips 66 Common Stock (PSX) $71.36 +2.51% Valero Energy Corp. (VLO) $46.83 +2.43% Dow Chemical Co. (DOW) $39.98 +2.36% Carmax Inc. (KMX) $51.51 +2.30% Hospira Inc. (HSP) $40.09 +1.98% H&R Block Inc. (HRB) $28.43 +1.94% Genworth Financial Inc. (GNW) $15.40 +1.92% Legg Mason Inc. (LM) $39.86 +1.92% S&P 500 - Fallers Ingersoll Rand Ltd. (IR) $55.56 -22.21% Sears Holdings Corp. (SHLD) $60.20 -5.24% 3M Co. (MMM) $127.68 -4.37% Newmont Mining Corp. (NEM) $23.83 -4.03% Graham Holdings Co. (GHC) $649.62 -3.55% Urban Outfitters Inc. (URBN) $37.66 -3.49% D. R. Horton Inc. (DHI) $19.33 -2.77% GameStop Corp. (GME) $46.97 -2.65% XL Group Plc (XL) $31.18 -2.53% United States Steel Corp. (X) $26.16 -2.42% Dow Jones I.A - Risers Microsoft Corp. (MSFT) $38.45 +0.84% Visa Inc. (V) $205.13 +0.82% Merck & Co. Inc. (MRK) $50.18 +0.70% E.I. du Pont de Nemours and Co. (DD) $61.74 +0.59% Walt Disney Co. (DIS) $70.91 +0.52% Goldman Sachs Group Inc. (GS) $169.72 +0.46% Pfizer Inc. (PFE) $31.83 +0.32% Wal-Mart Stores Inc. (WMT) $81.11 +0.12% Exxon Mobil Corp. (XOM) $93.52 +0.04% General Electric Co. (GE) $26.66 +0.00% Dow Jones I.A - Fallers 3M Co. (MMM) $127.68 -4.37% Travelers Company Inc. (TRV) $89.00 -1.92% International Business Machines Corp. (IBM) $177.48 -1.22% AT&T Inc. (T) $34.80 -1.16% Home Depot Inc. (HD) $79.77 -1.12% Procter & Gamble Co. (PG) $83.34 -1.04% McDonald's Corp. (MCD) $96.51 -0.88% Cisco Systems Inc. (CSCO) $21.09 -0.75% Verizon Communications Inc. (VZ) $49.26 -0.73% American Express Co. (AXP) $85.29 -0.59% Nasdaq 100 - Risers eBay Inc. (EBAY) $51.35 +1.64% Seagate Technology Plc (STX) $49.84 +1.63% Biogen Idec Inc. (BIIB) $294.84 +1.33% DIRECTV (DTV) $66.94 +1.26% Baidu Inc. (BIDU) $168.66 +1.25% Fastenal Co. (FAST) $47.11 +1.25% Broadcom Corp. (BRCM) $26.98 +1.09% Nuance Communications Inc. (NUAN) $13.66 +1.04% Fiserv Inc. (FISV) $111.00 +1.01% Green Mountain Coffee Roasters Inc. (GMCR) $68.06 +1.01% Nasdaq 100 - Fallers Sears Holdings Corp. (SHLD) $60.20 -5.24% Randgold Resources Ltd. Ads (GOLD) $67.29 -4.89% Tesla Motors Inc (TSLA) $124.17 -2.44% Ross Stores Inc. (ROST) $74.69 -2.31% Citrix Systems Inc. (CTXS) $58.17 -1.94% Charter Communications Inc. (CHTR) $132.65 -1.81% Expedia Inc. (EXPE) $62.61 -1.70% Fossil Group Inc (FOSL) $125.14 -1.67% Comcast Corp. (CMCSA) $49.12 -1.50% Catamaran Corp (CTRX) $44.99 -1.40% EXCELSIOR Dow Service – 72% winners! We have a 72% success rate on the Dow and you can sign up for just £47. Trading suggestions are spelt out with 100% clarity – easy and simple to use. We even guarantee to refund the £47 on request in the first month.  To join us click here. Newspaper Round Up Tuesday newspaper round-up: BP, China, Royal Bank of Scotland BP won a big victory in its battle to limit the cost of compensation for its 2010 oil spill in the Gulf of Mexico after an appeals court called for an injunction to suspend payments to businesses that had not suffered losses as a result of the disaster. A majority on a three-judge panel of the Fifth Circuit appeals court ruled that a lower district court should draw up an injunction "tailored so that those who experienced actual injury traceable to loss from the Deepwater Horizon accident continue to receive recovery, but those who did not do not receive their payments until this case is fully heard and decided". - Financial Times The US called on China to rescind its controversial new air defence zone procedures on Monday because of the risk of accidents, as vice-president Joe Biden began a likely tense week of meetings with leaders in northeast Asia. Raising the stakes in the diplomatic dispute over the new Chinese rules, the US state department warned Beijing that the confusion over the zone could endanger airline safety. It was unclear whether the US was calling on China to rescind the actual zone, or some of the procedures that Beijing said were required to be followed. - Financial Times Millions of NatWest and Royal Bank of Scotland debit cardholders were left high and dry last night after a technical glitch crashed payment systems on one of the busiest shopping days of the year. As high street and online customers tried to complete transactions on what retailers had called Cyber Monday, they were told that payment had been declined. - The Times Pension funds could be given as long as 20 years to get to grips with their ballooning deficits, it was claimed yesterday, as the Pensions Regulator outlined plans to relax the rules on funding. It unveiled a proposed new regime to enshrine the Government's requirement that defined-benefit pension fund trustees should take into account an employer's need to invest for sustainable growth when asking for shortfalls to be addressed. Experts said that, in effect, the regulator was giving employers more breathing space to close deficits. - The Times The Serious Fraud Office is examining allegations Royal Bank of Scotland drove some of Britain's best-known retailers including Peacocks, Clinton Cards and HMV into the wall. The taxpayer-controlled bank was accused in a Government-backed report last week of 'systematically' profiting from vulnerable, mainly small, business customers placed in a division called its Global Restructuring Group (GRG). The SFO is already considering a criminal investigation into the treatment of these small businesses. - The Daily Mail The government is coming under pressure from energy firms to make a second stage of cuts to green levies or face gas and electricity price rises in the months before the 2015 election. Ministers agreed to scale back the Energy Company Obligation (Eco) scheme that cuts the fuel usage of poor households, while funding another subsidy out of taxation, reducing average energy bills by £50.  - The Guardian   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE To advertise in the Euro Markets Bulletin please contact patrick@advfn.co.uk     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. 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Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Monday, 02 December 2013 17:38:39 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan 3 Superb Stocks to Buy BEFORE Christmas There is a small window of opportunity if you're quick! Click here for your FREE report. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Resource-heavy FTSE 100 falls as metals' prices slump - Taper speculation picks up ahead of non-farm payrolls - Global manufacturing figures beat forecasts - Miners sold off as metal prices fall - Supermarkets hit by competition fears techMARK 2,653.70 -0.76% FTSE 100 6,595.33 -0.83% FTSE 250 15,334.75 -0.85% London's FTSE 100 finished with moderate losses on Monday after some steep falls in the heavyweight mining sector as equities tracked the prices of metals lower. Precious metals peers Fresnillo and Randgold were among the worst performers by the close, as the price of gold dropped to its lowest since July on fears that the Federal Reserve will soon begin to scale back its stimulus programme. The concerns were prompted by a report from the Institute for Supply Management (ISM) which showed that US manufacturing activity accelerated in November at its quickest pace in over two years. "Obviously, the Fed is more focused on the labour market data specifically but, at the margin, this is more evidence in favour of an earlier taper," said Economic Amna Asaf from Capital Economics. The FTSE 100 closed 55.24 points lower at 6,595.33 this afternoon, down 0.83% on the day. It's set to be a busy week for financial markets with a barrage of data from across the globe due out as well as policy meetings at the Bank of England and European Central Bank. Figures from the UK, Eurozone and China today also showed that manufacturing activity was better than expected last month; however there was little reaction on markets as the focus remained firmly on the US with markets preparing for the all-important non-farm payrolls figures on Friday. "A busy week crammed with economic indicators and events warrants some hesitation," said Market Strategist Ishaq Siddiqi from ETX Capital. He said that the upcoming events have "left investors feeling less risky, waiting for these high profile events to take place before ramping up appetite for risk". Miners and supermarkets drop A 2.1% drop the price of gold to $1.224.60 an ounce prompted a sell-off in the gold mining sector today with Fresnillo, Randgold, African Barrick Gold and Polymetal falling sharply. Other miners including Anglo American, Vedanta and Kazakhmys also finished with heavy losses as metal prices across the board declined. Analysts at Citi described Anglo American as their least favoured name among the large-cap miners. Supermarkets were also under the weather today on fears of rising competition in the sector after discount supermarket Lidl announced plans to more than double the amount of stores it has in the UK. Sainsbury, Morrison and Tesco finished firmly lower with the latter also weighed down by a ratings cut from HSBC. Credit Suisse downgraded its recommendation for asset management group Aberdeen from 'outperform' to 'neutral' today, causing the stock to fall after the bank said it is now fairly valued. It said that the shares are now largely factoring in the potential earnings accretion from the recently announced deal to buy the Scottish Widows Investment Partnership (SWIP) business from Lloyds. Barclays Capital pushed High Street retailer Debenhams lower by shifting its rating from 'equal weight' to 'underweight', saying it sees 18% downside to the current share price. The bank raised concerns about "margin-erosive" sales online cannibalising store sales, and said that share buybacks will likely be postponed until 2016. Utility providers Centrica and SSE fell after the government announced changes to obligations that are paid through energy bills to offset the rising cost of living across the UK. Both companies said that they would pass on savings to customers, with bills set to rise by a smaller rate than initially estimated. Consumer products giant Unilever was unwanted after its Chief Executive Officer (CEO) Paul Polman was quoted as saying that the slowdown being seen in the emerging markets (EM) could "a few years". Banking group Lloyds gained after announcing that Lord Blackwell will succeed Sir Winfried Bischoff as Chairman as of April next year. On Friday Investec highlighted how under the proposed changes to FLS Lloyds would now be able to borrow at a 25 basis point spread (previously up to 150 basis points). Meanwhile, investment and wealth management firm Rathbone Brothers fell after the news that its long-running CEO Andy Pomfret is to retire next year. Advfn exclusive complimentary seminar – Tuesday 3rd December 6 – 8pm -  Whether you are looking to make a direct investment or to invest your pension fund, this free seminar will explain how you can enjoy double digit returns from property investment in London and the South. Click here to register FTSE 100 - Risers TUI Travel (TT.) 375.30p +2.18% Lloyds Banking Group (LLOY) 78.58p +1.52% Royal Bank of Scotland Group (RBS) 331.40p +1.28% Croda International (CRDA) 2,346.00p +0.95% Sports Direct International (SPD) 743.50p +0.68% Compass Group (CPG) 926.00p +0.54% Capita (CPI) 1,001.00p +0.40% International Consolidated Airlines Group SA (CDI) (IAG) 367.60p +0.35% InterContinental Hotels Group (IHG) 1,909.00p +0.32% Associated British Foods (ABF) 2,299.00p +0.26% FTSE 100 - Fallers Fresnillo (FRES) 760.00p -8.76% Randgold Resources Ltd. (RRS) 4,157.00p -4.35% Anglo American (AAL) 1,293.00p -4.15% Mondi (MNDI) 973.00p -3.18% Vedanta Resources (VED) 859.50p -2.88% Petrofac Ltd. (PFC) 1,233.00p -2.61% Sainsbury (J) (SBRY) 396.80p -2.60% Shire Plc (SHP) 2,709.00p -2.27% Morrison (Wm) Supermarkets (MRW) 259.50p -2.26% Admiral Group (ADM) 1,215.00p -2.25% FTSE 250 - Risers Enterprise Inns (ETI) 141.00p +2.17% Euromoney Institutional Investor (ERM) 1,265.00p +1.77% Greencore Group (GNC) 195.40p +1.51% Cranswick (CWK) 1,156.00p +1.31% Ted Baker (TED) 2,028.00p +1.30% Homeserve (HSV) 259.70p +1.21% Stagecoach Group (SGC) 369.80p +1.15% Greene King (GNK) 882.00p +1.15% RPC Group (RPC) 505.00p +1.00% Menzies(John) (MNZS) 784.50p +0.97% FTSE 250 - Fallers IP Group (IPO) 180.10p -6.20% Kazakhmys (KAZ) 224.00p -5.60% Rank Group (RNK) 139.00p -5.44% Carpetright (CPR) 570.50p -5.23% African Barrick Gold (ABG) 162.30p -5.14% Polymetal International (POLY) 510.00p -4.40% ITE Group (ITE) 294.70p -4.32% Essar Energy (ESSR) 79.35p -4.11% Halfords Group (HFD) 469.00p -3.97% Debenhams (DEB) 92.95p -3.93% 40% Returns from unusual but proven industry Download your FREE Investment Guide here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks fall after batch of manufacturing PMI reports - US manufacturing expands - Spanish manufacturing contracts - NFR: Thanksgiving weekend sales estimated to have dropped - UK and Eurozone manufacturing rises FTSE 100: -0.83% DAX: - 0.04% CAC 40: -0.22% FTSE MIB: -1.52% IBEX 35: -0.94% Stoxx 600: -0.33% European stocks declined as a pickup in US manufacturing activity fuelled concerns that the Federal Reserve will start tapering monetary stimulus at its next meeting. News out over the weekend regarding a drop in shop sales Stateside over the Thanskgiving weekend and mixed market commentary on Monday´s China manufacturing PMI probably also weighed on stocks. Furthermore, investors were likely positioning themselves ahead of Friday´s monthly US employment numbers. The Institute for Supply Management (ISM) said its manufacturing sector purchasing manager´s index (PMI) rose to 57.3 in November from 56.4 a month earlier, exceeding the 55.1 forecast and the 50 reading that signals expansion. Fed policymakers are turning to economic data to gauge the health of the world's biggest economy in deciding when to start scaling back its monthly $85bn bond buying programme. While most economists don't see a tapering until March 2014, the Fed has indicated that tapering could come as soon as its mid-December meeting. Meanwhile, and also proving a drag on markets, was disappointing Spanish manufacturing PMI figures which fell to 48.6 in November, the lowest since May, from 50.9 in October. Economists had predicted a reading of 51.1. The data offset upbeat PMIs in the UK and Europe. The Eurozone´s manufacturing PMI climbed to 51.6 in November from 51.5 in October, beating the forecast for the reading to remain unchanged. In the UK, the manufacturing PMI came in at 58.4, above the consensus reading of 56.2 and the previous month's revised 56.5. Debenhams, Enel Debenhams was lower after Barclays downgraded the shares to 'underweight' from 'overweight'. Enel SpA retreated after Deutsche Bank said that its estimates for earnings at the Italian utility show no growth for 2013 or 2014. Tesco dropped after HSBC downgraded the supermarket chain operator to 'neutral' to 'underweight' and cut the target for the shares from 400p to 340p, saying the company was unlikely to maintain current margin targets. L'Oreal advanced after the world's largest cosmetics maker said it will repurchase as much as €500m of shares. Deutsche Boerse AG gained after the exchange signed a deal with the Bank of China to promote Frankfurt as a centre for yuan trading in Europe. ThyssenKrupp declined after the German steelmaker agreed to sell its US plant to ArcelorMittal and Nippon Steel & Sumitomo Metal Corp. for $1.55bn. Euro weakens against dollar The euro fell 0.32% to $1.3548. Brent crude rose $0.282 to $110.000 per barrel on the ICE. Traders can turn £3k into £150k – Learn how Earn a tax free income trading, from just 20 minutes a day – no experience needed Our powerful trading software will help you decide when to enter trades and how to maximise profits. Register for a FREE brochure and trading guide, Click Here. US Market Report US manufacturing expanded in November at fastest pace this year The rate of expansion in US manufacturing accelerated in November to its fastest this year, according to the Institute for Supply Management (ISM). The institute's manufacturing sector purchasing manager´s index moved up to the 57-point mark from a reading of 56.4 in the month before. The consensus estimate had been for a small decline in the pace of growth to 55.5. The new orders sub-index increased to 63.6 from 60.6 in the month before, while the survey's production gauge rose to 62.8 from 60.8. The barometre for hiring improved to 56.5 from 53.2. On the basis of historical relationships, the average headline PMI reading for January through November (53.7%) corresponds to a 3.6% increase in real gross domestic product (GDP) on an annualized basis. EXCELSIOR Dow Service – 72% winners! We have a 72% success rate on the Dow and you can sign up for just £47. Trading suggestions are spelt out with 100% clarity – easy and simple to use. We even guarantee to refund the £47 on request in the first month.  To join us click here. Broker Tips Broker tips: Tesco, Aberdeen, Debenhams, Utilities Tesco's share price was firmly lower on Monday morning after analysts at HSBC downgraded their rating on the stock from 'neutral' to 'underweight'. "We believe a 5.2% UK operating margin is not sustainable, and that aiming for any margin is the wrong strategy. In our view, a margin fall in inevitable and a margin reset is necessary. We advocate Tesco slashing its margin to 2-3%." Credit Suisse has cut its recommendation for asset management group Aberdeen from 'outperform' to 'neutral', saying that the stock is now fairly valued. The bank said that the shares are now largely factoring in the potential 12% earnings accretion from the recently announced deal to buy the Scottish Widows Investment Partnership (SWIP) business from Lloyds. Analysts said they are now "generally less constructive on the underlying flow and margin dynamics". Barclays Capital has lowered its rating for High Street retailer Debenhams from 'equal weight' to 'underweight', saying it sees 18% downside to the current share price. The bank expects Debenhams to report a 12% fall in annual pre-tax profit in the year to August 2014 as "margin-erosive" sales online cannibalise store sales. Barclays also said that share buybacks are now likely to be postponed until 2016. Deutsche Bank has taken Centrica off its 'buy' list and retained a 'hold' recommendation for SSE, despite that the government's efforts over the weekend to address energy affordability. "Temporary relief on green costs would be welcome but group earnings growth for Centrica and SSE still requires higher prices in our view. We see further political battles over energy prices in the run up to the probable May 2015 UK general election," Deutsche Bank said.   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE To advertise in the Euro Markets Bulletin please contact patrick@advfn.co.uk     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

Morning Euro Markets Bulletin

ADVFN III Morning Euro Markets Bulletin Daily world financial news Monday, 02 December 2013 10:49:50 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan 3 Superb Stocks to Buy BEFORE Christmas There is a small window of opportunity if you're quick! Click here for your FREE report. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Markets fall ahead of data-heavy week - Markets drop ahead of key week for data - Chinese manufacturing beat forecasts in November - Utility companies pledge to pass on savings to customers techMARK 2,662.77 -0.42% FTSE 100 6,618.77 -0.48% FTSE 250 15,414.98 -0.33% UK stocks started December on a rather sour note, with markets sinking into the red on Monday morning as investors awaited some key economic data out later this week. It's a busy week on the macro agenda with several important indicators out from the States, including reports from the manufacturing, construction and housing sectors, as well as reading of consumer confidence and employment. "With Thanksgiving out of the way and 16.5 trading days to Christmas, it is decision time for investors: take profits; look for new opportunities; or stick it out until the New Year," said Alastair Winter, Chief Economist at Daniel Stewart & Co. With all the US economic data due in the coming days, Winter said that the November non-farm payrolls figures on Friday will be the "big number of the week". Anything close to October's surprise 204,000 jump likely to "get pulses racing and equity prices falling" given that it will increase speculation surrounding an impending taper of stimulus by the Federal Reserve. "Needless to say, the FOMC will be taking a rather broader approach and there is a bundle of other economic data in the pipeline before its meeting on December 17-18th," Winter said. "For the record, I doubt any of this data will be conclusive but on the other hand it does appear that a consensus is forming within the FOMC to that monthly purchases of $85bn are simply unsustainable, whatever the data may say." Stocks across Europe were trading lower on Monday morning despite better-than-expected economic figures from China, where the manufacturing sector continued its steady expansion in November. The official government purchasing managers' index (PMI) published by the National Bureau of Statistics (NBS) on Sunday managed to maintain a level of 51.4, despite expectations for a drop to 51.1. Readings over 50 imply an expansion in the sector. Meanwhile, the November PMI compiled by HSBC and Markit Economics dropped only slightly to 50.8 from October's reading of 50.9. Analysts had forecast a larger drop to 50.5. Energy companies in focus Both Centrica and SSE rose this morning after the government announced changes over the weekend to obligations that are paid through energy bills to offset the rising cost of living across the UK. Both utility providers said that they would pass on savings to customers, with bills set to rise by a smaller rate than initially estimated. SSE's share price was over 1% higher early on, while Centrica was being held by back a downgrade by Deutsche Bank to 'hold'. High Street retailer Debenhams was firmly lower this morning after Barclays Capital cut its rating on the stock to 'underweight', while AZ Electronic Materials was lifted by Deutsche Bank to 'buy'. Mining stocks were under pressure as commodity prices declined with precious metals peers Fresnillo and Randgold tracking gold and silver lower early on. Investment and wealth management firm Rathbone Brothers edged higher despite the news that its long-running Chief Executive Andy Pomfret is to retire next year. Advfn exclusive complimentary seminar – Tuesday 3rd December 6 – 8pm -  Whether you are looking to make a direct investment or to invest your pension fund, this free seminar will explain how you can enjoy double digit returns from property investment in London and the South. Click here to register FTSE 100 - Risers SSE (SSE) 1,339.00p +0.90% Lloyds Banking Group (LLOY) 78.04p +0.83% Experian (EXPN) 1,136.00p +0.80% Associated British Foods (ABF) 2,306.00p +0.57% Centrica (CNA) 339.80p +0.44% Wolseley (WOS) 3,304.00p +0.33% Barclays (BARC) 272.60p +0.33% Unilever (ULVR) 2,476.00p +0.28% Tate & Lyle (TATE) 787.00p +0.25% Compass Group (CPG) 922.50p +0.16% FTSE 100 - Fallers Fresnillo (FRES) 811.50p -2.58% Sainsbury (J) (SBRY) 397.70p -2.38% Randgold Resources Ltd. (RRS) 4,260.00p -1.98% CRH (CRH) 1,523.00p -1.93% Vedanta Resources (VED) 868.00p -1.92% Anglo American (AAL) 1,323.50p -1.89% Aberdeen Asset Management (ADN) 483.00p -1.89% Mondi (MNDI) 987.00p -1.79% Tesco (TSCO) 341.75p -1.78% Aggreko (AGK) 1,581.00p -1.50% FTSE 250 - Risers Synthomer (SYNT) 243.20p +5.10% NMC Health (NMC) 416.20p +2.19% Cranswick (CWK) 1,166.00p +2.19% Daejan Holdings (DJAN) 4,381.00p +1.84% Diploma (DPLM) 710.50p +1.50% Euromoney Institutional Investor (ERM) 1,261.00p +1.45% Genesis Emerging Markets Fund Ltd. (GSS) 528.00p +1.34% IP Group (IPO) 194.30p +1.20% esure Group (ESUR) 256.90p +1.14% BH Global Ltd. USD Shares (BHGU) 11.95 +1.10% FTSE 250 - Fallers Debenhams (DEB) 92.80p -4.08% African Barrick Gold (ABG) 166.10p -2.92% Computacenter (CCC) 655.50p -2.16% Henderson Group (HGG) 209.70p -2.15% COLT Group SA (COLT) 124.40p -2.05% Halfords Group (HFD) 479.10p -1.90% Evraz (EVR) 104.90p -1.87% Kazakhmys (KAZ) 233.00p -1.81% Man Group (EMG) 87.10p -1.80% 40% Returns from unusual but proven industry Download your FREE Investment Guide here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks decline before batch of economic data - US data released before Fed meeting - EU and UK manufacturing out - China's manufacturing activity expands - Cameron pushes China-EU trade deal FTSE 100: -0.48% DAX: -0.03% CAC 40: -0.46% FTSE MIB: -1.22% IBEX 35: -0.91% Stoxx 600: -0.20% European stocks slipped into the red as investors waited on a slate of US data to gauge the health of world's biggest economy ahead of the Federal Reserve's policy meeting this month. US Construction Spending, ISM Manufacturing, and ISM Prices Paid will be released after US markets open later today. It comes as Fed policymakers weigh whether the economy has picked up enough to begin scaling back its $85bn per month in asset purchases. The central bank has hinted that tapering could come as soon at its next meeting mid-December but most economists expect a March 2014 start. "As it stands, I think it's very unlikely that the Fed will scale back its asset purchases in a couple of weeks time," said Alpari analyst Craig Erlam. "While some areas of the economy have improved and the impact of the October government shutdown has been non-existent, the majority of the data has been fairly mixed." On the agenda for the UK today is the UK Manufacturing PMI. The index is expected to rise slightly to 56.1 from 56. A reading above 50 signals expansion. A report in Europe is expected to show manufacturing expanded in November. The final reading of Markit Economics's factory index rose to 51.5 in November from 51.3 in October, economists have forecast. Over the weekend was the release of HSBC's Chinese PMI for manufacturing, which beat expectations with a reading of 50.8 (October: 50.9), the second highest level recorded in the past eight months. A reading of 50.5 had been predicted. Hongbin Qu, Chief Economist of HSBC's Chinese division, said: "China's manufacturing sector kept relatively steady growth momentum in November, as the final manufacturing PMI was revised up from the flash reading on the back of faster new business gains." Elsewhere in the Asian nation today, UK Prime Minister David Cameron has called for a multi-billion-dollar free trade deal between Beijing and the European Union (EU). Cameron, who arrived in China on Monday for a three-day visit with about 100 business people, said he wanted to lay the ground for a deal between the block and the world's second largest economy despite tension surrounding his own country's membership in the EU. L'Oreal, Deutsche Boerse L'Oreal's shares advanced after the world's largest cosmetics maker said it will repurchase as much as €500m of shares. Deutsche Boerse AG gained after the exchange signed a deal with the Bank of China to promote Frankfurt as a centre for yuan trading in Europe. ThyssenKrupp declined after the German steelmaker agreed to sell its US plant to ArcelorMittal and Nippon Steel & Sumitomo Metal Corp. for $1.55bn. Actelion slumped after the biopharmaceutical company said Data Monitoring Committee has recommended terminating a study on an ulcer treatment. Other asset classes climb The euro rose 0.01% to $1.3591. Brent crude gained $0.643 to $110.400 per barrel on the ICE. Traders can turn £3k into £150k – Learn how Earn a tax free income trading, from just 20 minutes a day – no experience needed Our powerful trading software will help you decide when to enter trades and how to maximise profits. Register for a FREE brochure and trading guide, Click Here. EXCELSIOR Dow Service – 72% winners! We have a 72% success rate on the Dow and you can sign up for just £47. Trading suggestions are spelt out with 100% clarity – easy and simple to use. We even guarantee to refund the £47 on request in the first month.  To join us click here. Newspaper Round Up Monday newspaper round-up: China, Protectionism, RBS China's Premier, Li Keqiang today raised the prospect of China playing a major role in the construction of the HS2 high speed rail project in Britain. At a post-summit briefing in Beijing's Great Hall of the People, Mr Li was at pains to highlight the project as he spoke about Britain's expanding strategic relationship with the world's second biggest economy. - The Times Globalisation is in retreat. Countries are becoming less reliant on each other. They show a willingness to use currency manipulation as an economic tool. Surreptitious protectionism is being deployed. For the most part these developments are happening below the radar, which is why it has been possible to ignore them. That will not be the case this week when trade ministers from 159 countries meet in Bali in the hopes of salvaging something from 12 years of so far fruitless talks. - The Guardian The Royal Bank of Scotland is pressing ahead with plans to pay multi-million pound bonuses, despite the launch of a regulatory probe into its lending practices. Sources at RBS said the size of the bonus pool would not be affected by the decision of the Financial Conduct Authority (FCA) to investigate allegations that the bank had deliberately pushed companies into default. - The Daily Telegraph Britain is still the favourite tax regime of business but its lead over low-tax rivals such as Ireland, Luxembourg and Switzerland has narrowed amid tense debate over tax avoidance, according to a survey. Two-thirds of the UK's largest quoted companies said the media and political storm over avoidance was likely to deter investment in Britain, in a sign of nervousness about the risk of reputational damage and a change in government policy. - Financial Times New job vacancies in the City have jumped to their highest level for more than seven months in a sign that the recent increase in financial activity may be feeding through into job creation, a recruiter has reported. Astbury Marsden, a financial services specialist, said there were 2,500 new City vacancies in November, up 6% on the previous month and 38% on the same period last year. - Financial Times They may be soft, warm, extremely expensive and the winterwear of choice for Europe's sporty elite, but Moncler's shiny goosedown coats have never quite caught on in the UK. The entrepreneur behind the distinctive Italian puffa jackets is hoping to change all that, at least as far as the City is concerned. Remo Ruffini is seeking investors in Britain for an upcoming flotation on the Milan stock exchange that is likely to value Moncler at €2.4bn. - The Times   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE To advertise in the Euro Markets Bulletin please contact patrick@advfn.co.uk     To unsubscribe from this news bulletin or edit your mailing list settings click here. 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