Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Monday, 02 June 2014 17:31:49 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Accendo TSB IPO - Record breaking floatation Download your TSB IPO report now. Click Here Losses can exceed deposits. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Chinese data ensures positive finish, despite ISM miss - FTSE closes up 19.59 points at 6,864.10 - Chinese manufacturing sector improves - US ISM manufacturing gauge misses forecasts - German CPI surprise on the downside techMARK 2,822.41 +0.36% FTSE 100 6,864.10 +0.29% FTSE 250 16,084.40 +0.46% Lifted by positive manufacturing data from China, the FTSE 100 was able to end today's session higher, although gains were limited by misses on data elsewhere around the globe. The top tier index closed 19.59 points higher at 6,864.10. Mining stocks were buoyed by another jump in Chinese manufacturing activity, but investors were surprised by worse than expected German consumer price estimates, US ISM data and UK manufacturing. David Madden, Market Analyst at IG, said: "Although still in positive territory for the afternoon, the FTSE 100 has been pushed further away from its seemingly-unreachable 6,900 target after ISM data from the US came in worse than expected [...] "However, the FTSE 100 has clung on today thanks to the strenuous efforts of the mining sector, which continues to be buoyed by China optimism. Tomorrow's China PMI revision is not expected to contain any shocks, but this is evidently still a market that is worried about growth in that economy." Chinese manufacturing growth improves China's 'official' manufacturing sector purchasing managers' index (PMI) rose to 50.8 in May, up from 50.4 the month before, according to the National Bureau of Statistics and China Federation of Logistics and Purchasing. Growth came in at a five-month high and was slightly better than the 50.7 consensus forecast. Nevertheless, enthusiasm was tempered slightly by the news that Chinese house prices fell for the first time in nearly two years in May. In the UK, Markit's manufacturing PMI eased from 57.3 to 57 last month. However, this was expected by analysts and marked the 15th straight month of growth for the sector. Meanwhile, the final reading of May's Eurozone manufacturing PMI was revised down from 52.5 to 52.2. This compared to April's reading of 53.4 and surprised economists who had expected the initial estimate to remain unchanged. US ISM manufacturing gauge misses forecasts in May The Institute for Supply Management's (ISM) US manufacturing sector gauge for May rose to a reading of 60, from 54.9 in the month before. The consensus estimate had been for a print of 55.5. IG's Madden continued: "US indices turned red for the first time in five sessions, pushed back by the ISM reading. Most economists had been expecting a small increase that would tie in with the idea that the current quarter is a big improvement on the first quarter. "That idea has taken a knock today, although not seriously. However, the market does now appear to have entered a consolidation phase, with traders taking their cue from the ISM number to book gains and await developments from the European Central Bank and non-farms. Bond markets also remain quiet, as a 'wait and see' approach predominates." For their part, analysts at Barclays Research said: "We continue to expect that manufacturing activity growth will continue at a solid pace throughout the year." German CPI surprise on the downside The German consumer price index (CPI) is expected to decline by 0.1% month-on-month in May, according to a preliminary estimate from Germany's Federal Statistics Office. The consensus estimate had been for an increase of 0.2% over the month (1.1% on the year). Chinese PMI data drives miners higher The data out on Chinese manufacturing PMI drove mining stocks higher with Anglo American, Rio Tinto and Glencore all having made strong gains this afternoon. Shares in the latter two were also buoyed by the announcement Rio has completed the $1.02bn sale of its majority interest in the Clermont Mine in Australia, leaving buyer Glencore in charge. The disposal of the 50.1% stake, announced last October, "delivers good value for Rio Tinto's shareholders", the company said in a statement this morning. Housebuilder Barratt Developments rose after analysts at Goldman Sachs upgraded the company from 'neutral' to 'buy' after the stock's recent weakness. Meanwhile, nervousness ahead of Tesco's first-quarter results prompted some profit taking in supermarket shares on Monday, which were among the worst performers in afternoon trade. The negative trend of UK like-for-like (LFL) sales at Tesco is likely to have worsened in its first quarter, analysts at Oriel Securities said. Insurance stocks such as Standard Life were also out of favour after reports suggested that the pension industry in the UK could undergo yet more reforms after the annuities shake-up in March. Investors were reacting to speculation about a potential Dutch-style collective pension scheme, which would reduce risks for pensioners but could be less lucrative for providers. Unmissable opportunity with the world's largest resort hotelier.. Get 7% returns guaranteed for 4 years with one of the world's most exclusive destinations. Our unique opportunity in Cape Verde is one not to be missed! Register your details here to receive the FREE brochure FTSE 100 - Risers Coca-Cola HBC AG (CDI) (CCH) 1,418.00p +3.35% Royal Mail (RMG) 526.00p +2.73% Anglo American (AAL) 1,491.50p +2.33% Ashtead Group (AHT) 900.00p +2.21% Rolls-Royce Holdings (RR.) 1,063.00p +2.21% Hargreaves Lansdown (HL.) 1,245.00p +2.13% Rio Tinto (RIO) 3,120.00p +2.06% AstraZeneca (AZN) 4,370.50p +2.03% Shire Plc (SHP) 3,482.00p +1.99% International Consolidated Airlines Group SA (CDI) (IAG) 401.30p +1.96% FTSE 100 - Fallers Sainsbury (J) (SBRY) 339.10p -2.02% Smith & Nephew (SN.) 1,027.00p -1.82% Standard Life (SL.) 393.30p -1.68% Morrison (Wm) Supermarkets (MRW) 198.60p -1.54% Kingfisher (KGF) 386.50p -1.40% SABMiller (SAB) 3,275.50p -1.07% Tesco (TSCO) 300.55p -0.99% Imperial Tobacco Group (IMT) 2,669.00p -0.85% Diageo (DGE) 1,907.00p -0.63% Weir Group (WEIR) 2,604.00p -0.61% FTSE 250 - Risers PayPoint (PAY) 1,115.00p +5.69% Ophir Energy (OPHR) 268.30p +4.40% JD Sports Fashion (JD.) 1,672.00p +3.66% Entertainment One Limited (ETO) 307.70p +3.57% Moneysupermarket.com Group (MONY) 182.60p +3.16% NMC Health (NMC) 500.00p +3.09% Go-Ahead Group (GOG) 2,268.00p +3.09% Petra Diamonds Ltd.(DI) (PDL) 160.30p +2.95% Oxford Instruments (OXIG) 1,347.00p +2.90% Perform Group (PER) 285.00p +2.89% FTSE 250 - Fallers Xaar (XAR) 830.00p -3.94% Ocado Group (OCDO) 375.80p -2.82% Playtech (PTEC) 664.00p -2.78% Pace (PIC) 364.90p -2.75% Just Retirement Group (JRG) 148.80p -2.55% Close Brothers Group (CBG) 1,296.00p -2.34% Genus (GNS) 1,045.00p -2.34% Evraz (EVR) 102.40p -2.29% Senior (SNR) 289.90p -2.13% Redefine International (RDI) 57.95p -2.11% PROVEN 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.  Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks little changed after mixed factory reports - China manufacturing expands - Eurozone factory PMI revised down - US manufacturing slows - German inflation falls - Spain's King abdicates FTSE 100: 0.29% DAX: 0.07% CAC 40: -0.08% FTSE MIB: 0.77% IBEX 35: 0.27% Stoxx 600: 0.24% European stocks were little changed following the release of mixed manufacturing data in China, the Eurozone and the US. China's manufacturing purchasing managers' index (PMI) rose to 50.8 in May from 50.4 in April, according to official figures from the National Bureau of Statistics and China Federation of Logistics and Purchasing yesterday, the strongest figure since December. Economists had pencilled in a reading of 50.7. A reading above 50 signals expansion. In the Eurozone, Markit's manufacturing PMI was revised down to 52.2 in May from the flash estimate of 52.5, surprising analysts who expected the reading to remain unchanged. It compared to April's 53.4. The Institute for Supply Management's (ISM) said its manufacturing index for the US fell to 53.2 last month from 54.9 in April, missing analysts' expectations of 55.5. A separate release from Markit showed US manufacturing PMI climbed to 56.4 in May from 56.2 in April. Analysts had forecast the reading to remain unchanged. German inflation German inflation fell to 0.9% year-on-year in May from 1.3% the previous month, compared to the consensus forecast of 1.1%. The report comes a day ahead of Eurozone inflation data amid speculation over the European Central Bank (ECB) easing monetary policy at its Thursday meeting. Many economists predict new policy measures will be introduced this week by the ECB to address weak inflation and a stagnant recovery. European Central Bank (ECB) policymakers Yves Mersch, Daniele Nouy and Luis Linde were due to speak today ahead of the meeting. Berenberg Senior Economist Christian Schulz said it predicts the ECB will ease its stance and "keep the door wide open for further steps". Elsewhere in the euro-area making waves was news that Spain's constitutional monarch King Juan Carlos I will abdicate in favour of Crown Prince Philip, capping a nearly 40-year reign. Orion Oyj Orion Oyj gained after the Finnish drugmaker upgraded its profit forecast for 2014 because of an agreement with Bayer AG to jointly develop and sell a treatment for prostate cancer. A gauge of miners rallied, including Anglo American and Rio Tinto, following the upbeat Chinese PMI report. Det Norske Oljeselskap edged higher after agreeing to buy Marathon Oil Corp.'s Norwegian business for $2.7bn. STMicroelectronics slumped after Citigroup recommended selling shares in Europe's largest semiconductor maker. Air France-KLM Group edged higher after a report that the airline will start a €1bn cost-cutting programme in 2015. Lagardere SCA retreated as Societe Generale SA lowered the publisher of the Asterix series of books to 'hold' from 'buy'. The euro fell 0.22% to $1.3605. Brent crude futures dropped $0.330 to $109.050 per barrel, according to the ICE. Film Investment opportunity from the Executive Producer of The King's Speech An EIS opportunity from Mark Foligno, executive producer of ‘The King's Speech’ which grossed over £250m worldwide. The opportunity allows UK investors to offset considerable tax liabilities.  Click Here US Market Report US close: Dow, S&P at record highs despite weak data - Markets post meagre gains but finish at record highs - Consumer spending and confidence data miss forecasts - Google and GM in focus Dow Jones: 0.11% Nasdaq: -0.13% S&P 500: 0.18% US stocks finished broadly higher on Friday as traders shrugged off weak consumer spending and confidence figures to push indices to record highs. "The 'Sell in May' fans will have been disappointed with the month so far, and with the European Central Bank and non-farms next week most traders will head into the weekend confident that renewed volatility lies ahead," said Brenda Kelly, Chief Market Strategist at IG. The Dow Jones Industrial Average ended a rather subdued session just 0.1% higher, but finished at 16,717.17, ahead of the previous record set earlier in the month. The S&P 500, meanwhile, extended gains to close up 0.2% at a new all-time high of 1,923.57. The Nasdaq, however, fell 0.1% to 4,242.62. In economic data today, the Commerce Department revealed that consumer spending fell by a seasonally-adjusted 0.1% in April, below the 0.2% growth expected by analysts. This followed a upwardly-revised 1% gain the month before, the largest increase since 2009. Personal incomes increased by 0.3% last month as expected, following a 0.5% increase in March. April's increase was the smallest in 2014 so far. Meanwhile, the final reading of the University of Michigan consumer confidence index for May disappointed. The figure was revised up from 81.8 to 81.9, but came in short of the 82.5 expected and well below the 84.1 recorded in April. On a more positive note, regional manufacturing figures from Milwaukee and Chicago came in ahead of forecasts. The data comes as Federal Reserve President Kansas City Esther George said the central bank should begin raising interest rates soon after it winds down its bond buying programme in response to improving economic conditions. Google, GM in focus Google declined as the company moved to comply with the European Union court's ruling this month that backs the right of citizens to have their online information deleted. General Motors finished flat despite the automaker continuing to dominate headlines on the back of lawsuits associated with vehicle recalls. Lions Gate Entertainment dropped sharply after the film production company disappointed analysts with weaker-than-expected quarterly results. Profits fell 70% on revenues that were 8% lower. Retail chain Express was also a heavy faller after lowering its guidance for full-year earnings. Mining stocks were mostly lower on Friday amid falling metal prices and concerns over a slowdown in China. US Steel and Freeport-McMoRan Copper & Gold finished in the red. Still in the dark over active tax planning? Our planning experts can help you reduce your tax liability! Register here to quality for a FREE financial audit and hear about government approved allowances and existing opportunities available. Its politically correct tax planning for non-celebrities! Broker Tips Anglo Pacific: FinnCap places both its target prev.: 216p and its hold recommendation under review. Associated British Foods: Berenberg increases target from 2600p to 3060p, while maintaining its hold recommendation. Barr: Numis moves target from 612p to 624p retaining a hold recommendation. Bellway: Numis upgrades to buy with a target of 1810p. Breedon: Numis upgrades from add to buy with a target of 58p. Brooks Macdonald: Canaccord Genuity upgrades to buy with a target of 1865p. Dairy Crest: Credit Suisse lowers target from 465p to 450p and leaves its underperform rating unchanged. Fenner: N+1 Singer cuts target from 395p to 337p and stays with its hold recommendation. GKN: Goldman Sachs raises target from 330p to 404p, but still recommends selling. Halma: Investec cuts target from 715p to 700p retaining its buy recommendation. Hammerson: Liberum Capital moves target from 619p to 628p, while downgrading from buy to hold. Man Group: Panmure Gordon ups target from 100p to 125p and retains a buy recommendation. PayPoint: Numis increases target from 745p to 800p, while staying with its sell recommendation. Rathbone Brothers: Canaccord Genuity downgrades to hold with a target of 2160p. Renold: N+1 Singer moves target from 72p to 80p and keeps a buy recommendation. Royal Dutch Shell: UBS ups target from 2250p to 2300p reiterating a neutral rating. RWS Holdings: Numis reduces target from 1120p to 975p and keeps its add rating. Unilever: Berenberg raises target from 2700p to 2800p and retains a hold recommendation.   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

ADVFN Newsdesk - Traders Remain Hopeful Ahead of Manufacturing Data

ADVFN  World Daily Markets Bulletin Daily world financial news Monday, 02 June 2014 09:29:34    Monitor Quote Charts News Toplists Forex Boards   Sponsored by: VectorVest A Better Way to Make Money in the Stock Market Anybody can make money with the amazing Midas Touch Cherry-Picking System. Click here for VIDEO PRESENTATION US Market Shanghai Hang Seng NIKKEI ASX The major U.S. index futures are pointing to a higher opening on Monday, with sentiment reflecting cautious optimism among traders, as they await a couple of manufacturing readings. The early optimism is partly built on a manufacturing data from China that came in above expectations. With little domestic earnings catalysts to drive trading, the manufacturing readings could render some clarity to the economic outlook even as they await more market moving numbers scheduled to be released during the course of the week amid overbought fears. U.S. stocks advanced in the week ended May 30th, with mostly positive economic numbers helping the markets build on the previous week's gains. Last Tuesday, when the markets opened after Monday's public holiday, the major averages rose, helped by fairly robust durable goods orders and home prices data. The averages pulled back modestly on Wednesday following four straight sessions of gains, as a lack of major trading cues deprived the markets of any direction. Notwithstanding the release of mixed economic data, the averages rebounded on Thursday. After seeing weakness for much of the session in reaction to a report showing an unexpected decline in personal spending, the averages pared most of their losses and closed mixed on Friday. The Dow Industrials and the S&P 500 Index advanced, while the Nasdaq Composite ended modestly lower. For the week ended May 30th, The Dow Industrials ended up 0.67 percent, while the S&P 500 Index and the Nasdaq Composite Index added 1.21 percent and 1.36 percent, respectively. The Dow and the S&P 500 Index ended the week at new record closing highs. Among the sector indexes, The Dow Jones Utility Average gained 2.05 percent for the week, and the Philadelphia Semiconductor Index and the NYSE Arca Airline Index advanced 1.64 percent and 1.83 percent, respectively. The Dow Jones Transportation Average, the Philadelphia Oil Service Index, the NYSE Arca Biotechnology Index and the KBW Bank Index all ended up over 1 percent, while the NYSE Arca Gold Bugs Index fell 4.62 percent. Get to know Wocket - a next generation smart wallet Have all your credit cards, ID  and loyalty cards in one  biometrically secure device and card!  Advance order at www.wocketwallet.com Wocket is a product of NXT-ID Inc ( OTCQB:NXTD) : The payment industry is about to Change! US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts The unfolding week's economic calendar is heavy, with several first-tier economic reports due for the week. Notable among them are the Labor Department's non-farm payrolls report for May, ADP's private sector payrolls report for May, the results of the Institute for Supply Management's manufacturing and non-manufacturing surveys for May, Markit's final manufacturing and non-manufacturing readings for May, the weekly jobless claims report and the Federal Reserve's Beige Book. The Commerce Department's construction spending, trade balance and factory orders reports for April, auto sales for May, a revised first quarter productivity and costs report, the Federal Reserve's consumer credit report for April and some Fed speeches round up the economic events of the week. Markit is scheduled to release the final reading on its manufacturing purchasing managers' index for May at 9:45 am ET. Economists expect the index to be upwardly revised to 56.2 in May from 55.4 in April. The Institute for Supply Management is due to release the results of its manufacturing survey at 10 am ET. The consensus estimate calls for an increase in the manufacturing index to 55.5 in May from 54.9 in April. Manufacturing activity in the U.S. quickened in April. The headline manufacturing index rose 1.2 points to 54.9 in April. The new orders index was unchanged at 55.1, while the order backlogs index eased 2 points. The employment index rose to 54.7 from 51.1. The expansion was broad based, with seventeen of the eighteen industries surveyed reporting growth. Also at 10 am ET, The Commerce Department will release its construction spending report for April. Economists expect construction spending to have risen by 0.7 percent month-over-month. Construction spending rose 0.2 percent month-over-month in March. February spending was downwardly revised to show a 0.2 percent drop compared to the 0.1 percent growth estimated initially. Residential construction spending climbed 0.8 percent, while non-residential construction spending edged up by 0.2 percent. On the other hand, spending on public construction fell 0.6 percent. Retired Talk Show Host Reveals Shocking Secret "Almost anyone can collect income checks from the government," he says. "And it's all tax-free." Read More Stocks in Focus FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts Marathon Oil announced that it has entered into an agreement to sell its wholly owned subsidiary Marathon Oil Norge to Det Norske for $2.7 billion. The company expects net proceeds from the transaction of $2.1 billion, while it noted that the effective date of the transaction was January 1st, 2014. Garmin announced the appointment of Doug Boessen as its new chief financial officer and treasurer, with effect from July 31st, replacing Kevin Rauckman, who has held the post since 1999 and is leaving to pursue outside interest. Delta Air Lines said it has agreed to buy 15 A321 aircraft from airplane maker Airbus to be delivered beginning in 2018. The new order is to replace similar, less-efficient domestic aircraft that are being retired from its fleet. European Market After opening higher, European stocks have turned mixed, with the French CAC 40 Index trading lower amid some volatility, while the German DAX Index and the U.K.'s FTSE 100 Index are higher. In corporate news, Swiss pharma giant Roche announced a deal to buy Genia Technologies, a developer of DNA-sequencing technology, for an upfront payment of $125 million and up to $225 million in milestone-based payments. Bayer said it has struck a deal with Finland-based Orion to develop and commercialize prostate cancer drug. On the economic front, revised estimates released by Markit Economics showed that its European manufacturing purchasing managers' index declined to 52.5 in May, down from the flash estimate of 52.5 and the April reading of 53.4. The results of a separate survey by Markit and CIPS showed that U.K. manufacturing activity grew at a slower pace in May, with the corresponding purchasing managers' index slipping 0.3 points to 57 in May. The slowdown was in line with estimates. Data released by the Bank of England showed that mortgage approvals in the U.K. fell to a 9-month low of 62,918 in April from 66,563 in March. Economists expected a reading of 64,500. Meanwhile, the M4 money supply fell at a faster year-over-year rate of 0.6 percent. No platform or data fees with no trade minimums Trade free for 60 days + get up to $600 cash. Join TD Ameritrade Asian Markets USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts The Asian markets that were open for trading closed Monday's session higher, tracking the resilience shown by Wall Street stocks last Friday and positive Chinese manufacturing data. The Chinese, Hong Kong and Taiwanese markets were closed for public holidays. The Japanese market benefited from the weakness on the yen, which retreated in reaction to the rise in risk appetite. The Nikkei 225 average opened higher and advanced strongly in early trading before embarking on a steady climb. In the afternoon, the index consolidated before closing up 303.54 points or 2.07 percent at 14,936, its highest level in a little over a month. A majority of stocks advanced, with real estate and resource stocks leading the gains. Australia's All Ordinaries ignored some early weakness and climbed above the unchanged line in late morning trading. Thereafter, the index hovered in positive territory and ended 25.40 points or 0.46 percent higher at 5,499. Healthcare, financial and consumer staple stocks gained ground, while material and energy stocks moved to the downside. On the economic front, the results of a survey by Markit and HSBC showed that the Chinese manufacturing purchasing managers' index rose to 50.8 in May from 50.4 in April, exceeding the consensus estimate of 50.6 and signaling the fastest rate of expansion in five months. Meanwhile, the Australian Industry Group reported that its manufacturing purchasing managers' index rose to 49.2 in May from 44.8 in April. Notwithstanding the notable improvement suggested by the index, the reading below 50 continues to point to a contraction. A report released by the Australian Bureau of Statistics showed that the number of building approvals in Australia declined 5.6 percent month-over-month in April, belying expectations for a 2 percent increase. The results of a survey by TD Securities showed that annual inflation expectations in Australia rose to 2.9 percent in May from 2.8 percent in April. Capital spending in Japan jumped 7.1 percent quarter-over-quarter in the first quarter, according to a report released by Japan's Ministry of Finance. This represents a pick up in pace from the 4 percent increase in the previous quarter. Excluding software, capital spending was up a better than expected 8.3 percent. The gun debate reveals game-changing technology And provides proof that we could be at the exact tipping point to deliver monster-sized gains. Read more... Currency and Commodities Markets Crude Oil futures are slipping $0.02 to $102.69 a barrel after ending down $1.64 or 1.57 percent at $102.71 a barrel in the week ended May 30th. Last Tuesday, Oil retreated modestly following the previous week's over 2 percent advance. The commodity pulled back further on Wednesday, dropping close to $1.40-a-barrel amid the reduction in risk appetite. Oil rebounded by close to $1-a-barrel on Thursday despite the release of mixed economic data before pulling back moderately on Friday amid the release of weak personal spending data. Gold futures for August delivery, which fell $45.70 or 3.54 percent to $1,246 an ounce in the previous week, are currently moving down $0.90 to $1,245.10 an ounce. Among currencies, the U.S. dollar ended the week mixed against the yen and the euro. The dollar fell 0.17 percent against the yen before ending the week at 101.77 yen, while it added 0.07 percent against the euro to $1.3635. The euro's weakness against the greenback last week reflected expectations that the European Central Bank will ease monetary policy further at its June meeting. The U.S. dollar is currently at 102.16 yen and is valued at $1.3619 versus the euro.     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  Morning Euro Markets Bulletin Daily world financial news Monday, 02 June 2014 09:33:24 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Accendo TSB IPO - Record breaking floatation Download your TSB IPO report now. Click Here Losses can exceed deposits. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Chinese data gives UK mining stocks a boost - Miners lead gains early on - China manufacturing PMI rises, but house prices weaken - Busy week ahead with ECB and US jobs in focus techMARK 2,819.95 +0.27% FTSE 100 6,856.96 +0.18% FTSE 250 16,086.39 +0.48% Rising mining stocks helped UK equity markets to gain on Monday morning, as risk appetite was given a boost by improved manufacturing figures from China. London's FTSE 100 index was trading 0.2% higher at 6,857 early on. China's 'official' manufacturing sector purchasing managers' index (PMI) rose to 50.8 in May, up from 50.4 the month before, according to the National Bureau of Statistics and China Federation of Logistics and Purchasing. Growth in the manufacturing sector came in at a five-month high and was slightly better than the 50.7 consensus forecast. David White, a trader at Spreadex, said that the decent performance on Asian markets overnight reflected "renewed strength for equities, buoyed by official PMI figures that showed a greater expansion for China than expected". Nevertheless, enthusiasm was tempered slightly by the news that Chinese house prices fell for the first time in nearly two years in May. Average prices for new homes across 100 major Chinese cities decreased by 0.32% over the month to 10,978 yuan (£1,050) per square metre, the China Index Academy said. China's property sector accounts for 16% of gross domestic product. Monday is set to be a busy day for economic data with the manufacturing PMI, mortgage approvals and lending figures due out in the UK. German inflation numbers and manufacturing data from the States are also due out later on. Looking further out, investors are awaiting a pivotal policy decision from the European Central Bank on Thursday - with a number of stimulus measures on the cards - and the all-important change in US non-farm payrolls on Friday. Mining stocks rise Mining stocks such a Anglo American, Rio Tinto and Antofagasta were among the best performers this morning on renewed hopes for the Chinese economy. Rio announced this morning that it has completed the $1.02bn sale of its majority interest in the Clermont Mine in Australia, leaving buyer Glencore in charge. Housebuilder Barratt Developments was on the rise after analysts at Goldman Sachs upgraded the stock from 'neutral' to 'buy'. Property regeneration specialist St. Modwen Properties rose after saying strong momentum has continued with a growing pipeline of development opportunities. The outlook for the full year is unchanged, though profits in the first half were said to be significantly ahead of last year. Fund manager Man Group gained after Berenberg raised its rating on the shares from 'sell' to 'hold', saying that the"enormous" restructuring efforts of the last three years are set to pay off. Financial stocks were weak early on with insurers Standard Life, Friends Life, RSA and Aviva out of favour. Supermarket chains Tesco, J Sainsbury and WM Morrison also fell. Unmissable opportunity with the world's largest resort hotelier.. Get 7% returns guaranteed for 4 years with one of the world's most exclusive destinations. Our unique opportunity in Cape Verde is one not to be missed! Register your details here to receive the FREE brochure FTSE 100 - Risers Anglo American (AAL) 1,486.50p +1.99% Glencore (GLEN) 328.65p +1.64% Rio Tinto (RIO) 3,106.50p +1.62% Royal Mail (RMG) 520.00p +1.56% Barratt Developments (BDEV) 362.60p +1.51% Travis Perkins (TPK) 1,702.00p +1.13% BAE Systems (BA.) 427.90p +1.13% Johnson Matthey (JMAT) 3,248.00p +1.12% easyJet (EZJ) 1,547.00p +1.11% BHP Billiton (BLT) 1,888.50p +1.10% FTSE 100 - Fallers Standard Life (SL.) 391.00p -2.25% Sainsbury (J) (SBRY) 341.20p -1.42% Aviva (AV.) 519.50p -0.86% Friends Life Group Limited (FLG) 310.60p -0.86% Rexam (REX) 529.50p -0.81% Smith & Nephew (SN.) 1,038.00p -0.76% Tesco (TSCO) 301.35p -0.72% Royal Bank of Scotland Group (RBS) 344.50p -0.61% Morrison (Wm) Supermarkets (MRW) 200.50p -0.59% RSA Insurance Group (RSA) 477.40p -0.50% FTSE 250 - Risers African Barrick Gold (ABG) 223.90p +3.18% Serco Group (SRP) 383.00p +3.07% St. Modwen Properties (SMP) 378.50p +2.60% JD Sports Fashion (JD.) 1,649.00p +2.23% Ocado Group (OCDO) 395.20p +2.20% Restaurant Group (RTN) 610.00p +2.01% Man Group (EMG) 102.30p +1.99% Greencore Group (GNC) 297.00p +1.92% Fidelity European Values (FEV) 160.00p +1.91% Afren (AFR) 155.40p +1.83% FTSE 250 - Fallers Evraz (EVR) 102.70p -2.00% Redefine International (RDI) 58.05p -1.94% Perform Group (PER) 272.00p -1.81% Synthomer (SYNT) 258.80p -1.26% Hellermanntyton Group (HTY) 306.29p -1.20% Rathbone Brothers (RAT) 2,037.00p -1.16% Fenner (FENR) 346.90p -0.89% Supergroup (SGP) 1,158.00p -0.69% Euromoney Institutional Investor (ERM) 1,181.00p -0.67% UK Event Calendar Monday June 02 INTERIM DIVIDEND PAYMENT DATE Northern Venture Trust, Smart (J) & Co. QUARTERLY PAYMENT DATE JPMorgan Claverhouse Inv Trust QUARTERLY EX-DIVIDEND DATE Schlumberger Ltd., Total SA INTERNATIONAL ECONOMIC ANNOUNCEMENTS Construction Spending (US) (15:00) ISM Manufacturing (US) (15:00) ISM Prices Paid (US) (15:00) PMI Manufacturing (EU) (09:00) PMI Manufacturing (GER) (08:55) FINALS Atlantis Resources Limited (DI) AGMS Aeci 5 1/2% Prf, Anglo-Eastern Plantations, Billington Holdings, Global Brands S.A, Nighthawk Energy, Ruspetro UK ECONOMIC ANNOUNCEMENTS Consumer Credit (09:30) M4 Money Supply (09:30) M4 Sterling Lending (09:30) Mortgage Approvals (09:30) PMI Manufacturing (09:30) FINAL DIVIDEND PAYMENT DATE BAE Systems, Robinson Q1 OSJC Center for Cargo Container Traffic Transcontainer GDR (Reg S) PROVEN 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.  Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks mixed after global manufacturing data - Chinese manufacturing grows - Eurozone manufacturing - German inflation data due FTSE 100: 0.21% DAX: 0.25% CAC 40: -0.17% FTSE MIB: -0.03% IBEX 35: 0.37% Stoxx 600: 0.19% European stocks were little changed as investors weighed manufacturing data in China and the Eurozone. China's 'official' manufacturing purchasing managers' index (PMI) rose to 50.8 last month from 50.4 in April, slightly higher than the 50.7 that was predicted by analysts. It grew at the fastest pace since December and was above the 50 level that indicates expansion. The report signals that government stimulus to boost the slowing economy is working, lifting investor sentiment, according to Mike van Dulken, Head of Research at Accendo Markets. However, another release in China revealed house prices fell for the first time in nearly two years in May. Average prices for new homes across 100 major Chinese cities decreased by 0.32% over the month to 10,978 yuan (£1,050) per square metre, the China Index Academy (CIA) said. Separately, Markit's final reading for manufacturing PMI for the Eurozone in May was revised down to 52.2 in May from the flash estimate of 52.5, surprising analysts who expected the reading to remain unchanged. It compared to April's 53.4. Elsewhere in the euro-area, German inflation data will be released today. Economists expect consumer prices to rise by 1.1% year-on-year in May, down from 1.3% inflation the previous month. European Central Bank policymakers Yves Mersch, Daniele Nouy and Luis Linde will speak ahead of the monetary authority's meeting this Thursday. Many economists predict new policy measures will be introduced this week to address weak inflation and a stagnant recovery. In the US this afternoon, two separate reports on manufacturing will be released from Markit and ISM. Miners advance A gauge of miners rallied, including Anglo American, after data showed Chinese manufacturing activity expanded. Det Norske Oljeselskap ASA gained after agreeing to buy Marathon Oil Corp.'s Norwegian business for $2.7bn. Air France-KLM Group jumped after a report that the airline will start a €1bn cost-cutting programme in 2015. The euro fell 0.16% to $1.3613. Brent crude futures rose $0.137 to $109.560 per barrel, according to the ICE. Film Investment opportunity from the Executive Producer of The King's Speech An EIS opportunity from Mark Foligno, executive producer of ‘The King's Speech’ which grossed over £250m worldwide. The opportunity allows UK investors to offset considerable tax liabilities.  Click Here US Market Report US close: Dow, S&P at record highs despite weak data - Markets post meagre gains but finish at record highs - Consumer spending and confidence data miss forecasts - Google and GM in focus Dow Jones: 0.11% Nasdaq: -0.13% S&P 500: 0.18% US stocks finished broadly higher on Friday as traders shrugged off weak consumer spending and confidence figures to push indices to record highs. "The 'Sell in May' fans will have been disappointed with the month so far, and with the European Central Bank and non-farms next week most traders will head into the weekend confident that renewed volatility lies ahead," said Brenda Kelly, Chief Market Strategist at IG. The Dow Jones Industrial Average ended a rather subdued session just 0.1% higher, but finished at 16,717.17, ahead of the previous record set earlier in the month. The S&P 500, meanwhile, extended gains to close up 0.2% at a new all-time high of 1,923.57. The Nasdaq, however, fell 0.1% to 4,242.62. In economic data today, the Commerce Department revealed that consumer spending fell by a seasonally-adjusted 0.1% in April, below the 0.2% growth expected by analysts. This followed a upwardly-revised 1% gain the month before, the largest increase since 2009. Personal incomes increased by 0.3% last month as expected, following a 0.5% increase in March. April's increase was the smallest in 2014 so far. Meanwhile, the final reading of the University of Michigan consumer confidence index for May disappointed. The figure was revised up from 81.8 to 81.9, but came in short of the 82.5 expected and well below the 84.1 recorded in April. On a more positive note, regional manufacturing figures from Milwaukee and Chicago came in ahead of forecasts. The data comes as Federal Reserve President Kansas City Esther George said the central bank should begin raising interest rates soon after it winds down its bond buying programme in response to improving economic conditions. Google, GM in focus Google declined as the company moved to comply with the European Union court's ruling this month that backs the right of citizens to have their online information deleted. General Motors finished flat despite the automaker continuing to dominate headlines on the back of lawsuits associated with vehicle recalls. Lions Gate Entertainment dropped sharply after the film production company disappointed analysts with weaker-than-expected quarterly results. Profits fell 70% on revenues that were 8% lower. Retail chain Express was also a heavy faller after lowering its guidance for full-year earnings. Mining stocks were mostly lower on Friday amid falling metal prices and concerns over a slowdown in China. US Steel and Freeport-McMoRan Copper & Gold finished in the red. Still in the dark over active tax planning? Our planning experts can help you reduce your tax liability! Register here to quality for a FREE financial audit and hear about government approved allowances and existing opportunities available. Its politically correct tax planning for non-celebrities! Newspaper Round Up Monday newspaper round-up: Shire, China housing, IGas Shire has lined up a $5bn credit facility from banks led by Citigroup to finance a takeover offer for NPS Pharmaceuticals, an American developer of a new drug for sufferers of a debilitating bowel condition. An initial approach to NPS by Shire has been rebuffed, according to insiders. However, a former London hospital doctor with ties to both companies is acting as a go-between. NPS won regulatory approval for a drug to treat short bowel syndrome — a condition in which the intestine is too short to absorb nutrients, usually after surgery for digestive illnesses. – The Times Further fears that the Chinese economy is slowing have been raised by an index of house prices in the country's 100 biggest cities that recorded its first monthly drop for nearly two years. Concerns surrounding the Chinese property market, including speculation that prices in some provinces could collapse, have grown as housing inventories have soared and liquidity among smaller developers has evaporated. Chinese state media have been at pains to describe the property sector, which represents 16% of GDP and a quarter of all fixed-asset investment, as "too big to fail". – The Times Fracking will take place in the East Midlands next year for the first time, under plans from shale gas explorer IGas. Andrew Austin, IGas chief executive, told the Telegraph it was preparing to submit planning applications to drill and frack to test the flow of gas at two new locations, one either side of the Pennines. "It is our intention to have permits in place such that we can drill and flow test wells at two sites – one in the North West and one in the East Midlands – in 2015," he said. – The Daily Telegraph Takeover target AstraZeneca has received a much-needed boost from successful trials of new cancer drugs. Results from its treatment dubbed the 'great white hope' in the battle against lung cancer showed tumours shrinking or stabilising in 94% of cases. And a separate study found that a combination of two of Astra's drugs nearly doubled the length of time that certain ovarian cancer patients lived without their disease getting worse. - The Daily Mail Britain must seize the opportunity to reform the European Union in the wake of elections that exposed deep divisions within the 28-nation bloc, the head of the Confederation of Business Industry will say on Monday. John Cridland, the director-general of Britain's biggest business lobby group, will tell an audience of business leaders that the voter backlash in the European Parliamentary elections over sluggish growth, savage cuts and high unemployment has "focused the mind" of politicians. – The Daily Telegraph Saudi Arabia and the United Arab Emirates are thought to be readying a financial aid package of $20bn (£12bn) to boost Egypt's economy and support the incoming government of ex-Field Marshal Abdulfattah el-Sisi. The oil-rich Middle East powerhouse Arab nations, which combined account for more than a tenth of the world's supply of crude, have already held preliminary talks with authorities in Cairo to discuss how the line of funding will be structured, according to a report in the Arabic media over the weekend. – The Daily Telegraph Business leaders are not doing enough to protect their companies from the risks posed by major global events, the Institute of Directors (IoD) has warned. In a report published today, the IoD said the increasingly inter-connected world means that government debt crises, extreme weather events and social instability can have knock-on effects for British firms. – Scotsman   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