Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Tuesday, 29 July 2014 10:04:44 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan 3 AIM stocks with potential for huge gains Discover 3 of the UK's most promising AIM stocks 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: GKN leads UK stocks higher, but upside limited - GKN, Next and Mondi impress with updates/results - St James's Place drops despite strong first half - West-Russia tensions rise as sanctions eyed - US data, Gaza in focus techMARK 2,780.14 +0.15% FTSE 100 6,806.28 +0.27% FTSE 250 15,662.90 +0.30% Strong gains from GKN, Next and Mondi helped UK markets higher on Tuesday morning, with stocks tracking gains in the US and Asia overnight. However, despite the positive start, dealer Jonathan Sudaria from Capital Spreads said that markets "aren't expected to make much headway as traders sit on the sidelines ahead of key US economic data but also today's European Union ambassadors meeting". The FTSE 100 was trading 0.3% higher at 6,806 in early trading Consumer confidence, house-price data, economic growth figures and a host of labour-market indicators will be in focus Stateside over the coming days, culminating with the all-important US non-farm payrolls report on Friday. Meanwhile, Thursday will see the latest policy decision from the Federal Reserve. Meanwhile, investors will also be keeping an eye on geopolitical tensions today with EU leaders set to approve fresh sanctions on Russia with measures likely to be imposed on banks and energy companies. "Like the prior tit for tat exchange of token sanctions between the West and Russia, traders are concerned about how Russia will react and what they deem will be appropriate retaliatory action," Sudaria said. Ongoing fighting between Israel and Hamas is also expected to cap gains today as investors continue to watch developments closely after blasts in Gaza City and Eshkol yesterday. Over 1,000 Palestinians have now been killed as a result of the violence. GKN, Next and Mondi provide a lift GKN rose strongly this morning after saying that a good performance by its car driveshaft business fuelled 6% higher profits at the automotive and aerospace engineer in the first half to £296m. However, a strong pound knocked saw sales fall 1%. Analysts celebrated a confident outlook from high street giant Next which lifted its sales and profit guidance for the full year after a strong first half. Packaging and paper group Mondi also said its bottom line is expected to beat forecasts this year, lifting the stock higher early on. Meanwhile, precious metal producers Randgold and Fresnillo were also on the rise this morning as gold and silver prices gained. Leading the fallers on the FTSE 100 was wealth manager St James's Place despite a seemingly strong first half as it hiked its interim dividend by 40% and posted record funds under management. Emerging-markets bank Standard Chartered was in demand this morning after JPMorgan Cazenove upgraded the stock from 'neutral' to 'overweight'. Oil major BP was volatile early on, but managed to register small gains. The company announced second-quarter profits 34% higher than the same period last year but said that further sanctions imposed on Russia "could have a material adverse impact" on its business and corporate relationships. FTSE 100 - Risers GKN (GKN) 362.20p +5.57% Next (NXT) 6,685.00p +2.53% Hammerson (HMSO) 610.00p +2.43% Randgold Resources Ltd. (RRS) 5,285.00p +2.22% Kingfisher (KGF) 301.40p +1.89% Mondi (MNDI) 1,080.00p +1.89% Standard Chartered (STAN) 1,244.50p +1.80% Fresnillo (FRES) 954.00p +1.49% Travis Perkins (TPK) 1,641.00p +1.30% Aggreko (AGK) 1,777.00p +1.14% FTSE 100 - Fallers St James's Place (STJ) 766.50p -2.97% Aberdeen Asset Management (ADN) 429.00p -1.38% Admiral Group (ADM) 1,468.00p -0.88% ITV (ITV) 204.40p -0.68% easyJet (EZJ) 1,336.00p -0.60% Royal Mail (RMG) 427.60p -0.56% Petrofac Ltd. (PFC) 1,121.00p -0.44% BG Group (BG.) 1,207.50p -0.37% Shire Plc (SHP) 4,924.00p -0.36% SABMiller (SAB) 3,318.50p -0.35% FTSE 250 - Risers JD Sports Fashion (JD.) 394.90p +2.31% Millennium & Copthorne Hotels (MLC) 585.00p +2.09% Thomas Cook Group (TCG) 120.00p +2.04% AL Noor Hospitals Group (ANH) 1,019.00p +1.95% Domino's Pizza Group (DOM) 553.00p +1.94% Elementis (ELM) 262.00p +1.79% Greencore Group (GNC) 278.80p +1.57% NMC Health (NMC) 462.00p +1.54% Rotork (ROR) 2,824.00p +1.47% Savills (SVS) 594.50p +1.45% FTSE 250 - Fallers Petra Diamonds Ltd.(DI) (PDL) 196.10p -9.46% Exova Group (EXO) 227.90p -5.04% PayPoint (PAY) 1,033.00p -1.62% Jardine Lloyd Thompson Group (JLT) 1,040.00p -1.52% Brit (BRIT) 244.30p -1.49% Fidelity China Special Situations (FCSS) 109.70p -1.08% Alent (ALNT) 350.00p -0.99% Informa (INF) 485.90p -0.96% Balfour Beatty (BBY) 250.70p -0.91% A New and Unique approach to Wine Investment... Our algorithm offers a unique relative-value assessment of wine investment, and has led to a demonstrable track record of significantly outperforming the market! Don't believe us? See for yourself, here UK Event Calendar Tuesday July 29 INTERIMS BP, Brammer, Circassia Pharmaceuticals, Domino's Pizza Group, Drax Group, GKN, Hutchison China Meditech Ltd, Informa, Jardine Lloyd Thompson Group, Marsh & Mclennan Cos Inc., Pace, St James's Place, Synectics, Tullett Prebon, Tyman INTERNATIONAL ECONOMIC ANNOUNCEMENTS Balance of Payments (GER) (07:00) Consumer Confidence (US) (15:00) Q2 BP, Marsh & Mclennan Cos Inc. FINALS PZ Cussons IMSS Greencore Group AGMS Acal, Byotrol, Halfords Group, Plastics Capital, Ventus 2 VCT, Ventus 2 VCT 'C' Shares, Ventus VCT, Vodafone Group TRADING ANNOUNCEMENTS Gem Diamonds Ltd. (DI), Next UK ECONOMIC ANNOUNCEMENTS Consumer Credit (09:30) M4 Money Supply (09:30) M4 Sterling Lending (09:30) Mortgage Approvals (09:30) FINAL DIVIDEND PAYMENT DATE Aurora Investment Trust, Coca-Cola HBC AG (CDI), Electrocomponents, Vertu Motors 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! Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks rise on back of gains in Asia - Japanese data mixed - UK mortgage approvals data to be released - US consumer confidence report due - FOMC policy decision looms FTSE 100: 0.29% DAX: 0.01% CAC 40: 0.03% FTSE MIB: 0.07% IBEX 35: 0.03% Stoxx 600: 0.09% European stocks rebounded from a two-day drop on the back of gains in Asia overnight. Japan's Nikkei jumped to a four-month high while China's Shanghai composite reached a seven-month high and Hong Kong's Hang Seng hit a near four-year high. Data in Japan last night was mixed with better-than-forecast household spending and small business confidence figures but an unexpected rise in the jobless rate. Today's agenda includes the release of UK mortgage approvals and US consumer confidence reports. Alpari UK analyst Craig Erlam said there was a "real lack of drivers to come today" with the economic calendar looking very bare. The pace is set to pick up tomorrow when the Federal Reserve announces its latest policy decision. The central bank is expected to slash a further $10bn off monthly bond purchases and to keep its interest rate unchanged. With a lack of data being released today, the focus is on the earnings session. BP provided a boost to the market after the oil producer reported a 34% jump in first half profit to $3.64bn that beat analysts' estimates. Ferrovial rallied after the Spanish construction company posted a drop in first half net income that exceeded forecasts. The firm also said it will spend up to €350m to purchase its own shares. The euro fell 0.02% to $1.3437. Brent crude futures rose 0.213% to $107.86 per barrel, according to the ICE. Swissquote offers CFD Trading, an efficient mean of trading indices, commodities and currencies. You can trade on the market whether you think it will go UP or Down! Think the DAX will go Down? Short the DAX… Try CFD Trading with a Free Practice Account losses can exceed your deposit. US Market Report US close: Mixed finish for stocks after housing, PMI data - Mixed finish for indices - Pending home sales weaker than expected - Services PMI beats expectations Dow Jones Industrials: 0.13% Nasdaq Composite: -0.11% S&P 500: 0.03% It was a turbulent session for US stock markets, which ultimately ended in a mixed fashion following the release of soft existing homes data and a raft of corporate news. The Dow Jones rose 22.02 points to end at 16,982.59, the Nasdaq closed down 4.66 at 4,444.91 and the S&P 500 inched 0.57 points higher at 1,978.91. In their first drop seen in four months, pending home sales fell 1.1% from a month earlier after rising 6% in May, according to the National Association of Realtors. Analysts had forecast a rise of 0.5%. Jasper Lawler, a Market Analyst at CMC Markets UK, said: "New Homes sales were a disappointment last week in what some saw as a resurgent US housing market; today's pending home sales suggest a more broad-based problem in the housing market recovery before it even go going again." For its part, Barclays Research believes the report "suggests the rebound in existing home sales following previous weather-related softness is complete, implying less momentum to sales in the third quarter". In more positive news for investors, Markit's purchasing managers' index for services in the US remained at 61 in July, beating analysts' estimates for a drop to 59.8. A reading above 50 indicates expansion in the industry. Meanwhile, the Dallas Fed's Manufacturing Activity gauge rose to 12.7 in July from 11.4 in June, falling short of expectations for an increase to 12.8. The data comes ahead of the Federal Reserve's latest policy announcement and the US monthly jobs report. "Quite often, the week of the jobs report can see traders sitting on the fence a little, unsure over what the events will mean for the US recovery and how it will be received by the markets," said Alpari UK analyst Craig Erlam. "We are fast approaching the point when I expect strong data to be greeted negatively on fears of an earlier rate hike from the Fed." M&A activity fails to provide boost An announcement from Dollar Tree of its intention to buy fellow retail chain Family Dollar Stores for $74.50 per share sent the latter almost 25% higher but did little to excite the wider market. Zillow recovered from an earlier fall to end higher following its announcement that it would buy rival real-estate website Trulia for $3.5bn in stock, sending shares in the latter higher. Meanwhile, the homes sales data pushed housing stocks lower. Herbalife fell ahead of the release of its latest earnings. Micron Tech was pushed lower following a round of profit taking which came after a 30% leap in the value of the shares in the last three months, helped by its most recent set of quarterly figure, which came in ahead of expectations. In other markets, crude oil futures ended 0.04% lower at $101.63 per barrel on the New York Marcantile Exchange. S&P 500 - Risers Family Dollar Stores Inc. (FDO) $75.74 +24.86% Roper Industries Inc. (ROP) $148.26 +3.85% Wynn Resorts Ltd. (WYNN) $210.97 +3.18% C.R. Bard Inc. (BCR) $153.13 +2.88% Alcoa Inc. (AA) $17.01 +2.72% American Electric Power Co. Inc. (AEP) $54.65 +2.69% Tyson Foods Inc. (TSN) $40.56 +2.58% Crown Castle International (CCI) $74.95 +2.38% First Solar Inc. (FSLR) $65.53 +2.31% Public Service Enterprise Group Inc. (PEG) $37.79 +2.30% S&P 500 - Fallers Micron Technology Inc. (MU) $31.98 -4.31% Cummins Inc. (CMI) $145.35 -3.20% Masco Corp. (MAS) $20.27 -3.01% Monster Beverage Corp (MNST) $65.00 -3.00% VeriSign Inc. (VRSN) $53.97 -2.91% Kansas City Southern (KSU) $111.03 -2.82% Allegion (ALLE) $53.57 -2.78% Electronic Arts Inc. (EA) $35.09 -2.64% Alexion Pharmaceuticals Inc. (ALXN) $162.74 -2.57% Walgreen Co. (WAG) $71.45 -2.51% Dow Jones I.A - Risers Unitedhealth Group Inc. (UNH) $85.75 +1.26% Exxon Mobil Corp. (XOM) $104.37 +1.15% Walt Disney Co. (DIS) $87.15 +1.07% Nike Inc. (NKE) $78.40 +0.87% International Business Machines Corp. (IBM) $195.78 +0.71% E.I. du Pont de Nemours and Co. (DD) $65.32 +0.60% Verizon Communications Inc. (VZ) $51.58 +0.59% Goldman Sachs Group Inc. (GS) $175.95 +0.31% AT&T Inc. (T) $35.65 +0.31% JP Morgan Chase & Co. (JPM) $59.19 +0.31% Dow Jones I.A - Fallers Microsoft Corp. (MSFT) $43.97 -1.19% Coca-Cola Co. (KO) $40.68 -0.78% General Electric Co. (GE) $25.59 -0.78% Caterpillar Inc. (CAT) $104.15 -0.67% Procter & Gamble Co. (PG) $79.26 -0.38% Wal-Mart Stores Inc. (WMT) $75.71 -0.34% Merck & Co. Inc. (MRK) $57.97 -0.31% Pfizer Inc. (PFE) $30.10 -0.30% Visa Inc. (V) $214.22 -0.26% Chevron Corp. (CVX) $133.24 -0.25% Nasdaq 100 - Risers Sba Communications Corp. (SBAC) $106.67 +3.34% Wynn Resorts Ltd. (WYNN) $210.97 +3.18% Maxim Integrated Products Inc. (MXIM) $30.25 +2.96% Citrix Systems Inc. (CTXS) $68.64 +1.89% Gilead Sciences Inc. (GILD) $91.46 +1.80% Activision Blizzard Inc. (ATVI) $23.37 +1.68% Western Digital Corp. (WDC) $100.81 +1.46% Apple Inc. (AAPL) $99.02 +1.38% Dollar Tree Inc (DLTR) $54.87 +1.20% Texas Instruments Inc (TXN) $47.35 +1.13% Nasdaq 100 - Fallers Micron Technology Inc. (MU) $31.98 -4.31% Monster Beverage Corp (MNST) $65.00 -3.00% Illumina Inc. (ILMN) $166.08 -2.89% Alexion Pharmaceuticals Inc. (ALXN) $162.74 -2.57% Mylan Inc. (MYL) $50.53 -2.34% Sirius XM Holdings Inc (SIRI) $3.38 -1.74% Altera Corp. (ALTR) $33.02 -1.37% Expeditors International Of Washington Inc. (EXPD) $44.86 -1.23% Microsoft Corp. (MSFT) $43.97 -1.19% Amazon.Com Inc. (AMZN) $320.41 -1.11% Invest in the fast growing Mobile App market! An tax efficient opportunity from Appbox Media to invest in an industry that grew 115% in 2013, and is expected to reach revenues of $63.5bn by 2017.  Investor Report, Click Here. Newspaper Round Up Tuesday newspaper round-up: Lloyds, Tesco, Tax inversion... Lloyds Banking Group has been accused of unlawful behaviour by the Bank of England after it emerged its traders had manipulated interest rates in order to cut fees for its emergency lifeline at the height of the financial crisis. [[...] The revelations unleashed an angry attack by Mark Carney, the Bank of England's governor, who said: "Such manipulation is highly reprehensible, clearly unlawful and may amount to criminal conduct on the part of the individuals involved." - The Guardian Fresh doubts over Philip Clarke's strategy at Tesco were raised yesterday after the surprise resignation of the founders of the Giraffe restaurant chain acquired by the supermarket last year for almost £50 million. Only a week after Mr Clarke's abrupt ousting as chief executive, the retail giant has parted company with Juliette and Russel Joffe, who said it had been "an incredibly emotional decision to step away from our business". The news led to further questioning of Mr Clarke's strategy of trying to turn some large Tesco Extra stores into retail destinations with high street names including Giraffe family restaurants, Harris + Hoole coffee shops and Euphorium bakeries. - The Times US politicans are to unveil proposals to block American companies from winning government contracts if they move their tax headquarters overseas, unless they can show they have substantial business in their new "host" country. The new legislation comes just days after President Barack Obama attacked US firms seeking to reduce their tax bills by buying European businesses as "corporate deserters" who show a lack of "economic patriotism". - The Telegraph Families setting off on summer holiday breaks have been given some welcome news in the form of supermarket petrol price cuts. Asda, Sainsbury's and Tesco are all reducing the cost of their petrol and diesel by 2p a litre from Tuesday. Asda's customers will pay no more than 126.7p a litre for petrol and 129.7p a litre for diesel, its lowest price since January 2011. Asda said the pound's increasing strength against the dollar had been the key driver of the cuts. - The Guardian Agents have been appointed to sell the "Gherkin" skyscraper in what will be one of the most closely watched property sales in the Square Mile for years. Savills and Deloitte Real Estate are expected to be confirmed this morning as the appointed sales advisers for the building, which collapsed into receivership in April when a group of banks, owed more than £500 million, lost patience with the owners. - The Times Sterling is "overvalued" and this may hamper efforts to rebalance the British economy, the International Monetary Fund has warned the Chancellor. In an otherwise-optimistic annual assessment of the UK economy, the IMF told George Osborne that the pound was 5pc to 10pc overvalued. This could hit exporters and take some of the steam out of the improving economy - the fastest growing among the world's largest countries, according to the fund. - The Telegraph Confidence that the coming months will be a good time to buy a home has slipped back to its lowest levels in at least three years amid growing concerns over spiralling property prices and the prospect of interest rates rising, according to a consumer survey. London and the South East were identified as the places where people were most likely to feel negative about buying a property in the next 12 months, while those living in Scotland and the North East were the most positive, according to Halifax's quarterly Housing Market Confidence tracker. - The Daily Mail   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

Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Friday, 25 July 2014 17:37:13 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan 3 AIM stocks with potential for huge gains Discover 3 of the UK's most promising AIM stocks 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 in red on geopolitical tensions, data - FTSE closes 29.91 lower at 6,791.55 - Geopolitical tensions, housing data weighs - UK Q2 GDP shows 0.8% growth techMARK 2,799.28 -0.81% FTSE 100 6,791.55 -0.44% FTSE 250 15,691.81 -0.36% UK stocks ended the final session of the week in the red as geopolitical tensions, housing data and and downgrade from the International Monetary Fund (IMF) all provided a drag to sentiment. The losses had been limited by a sturdy gross domestic product (GDP) figure out this morning and gains amongst the banking sector, but ongoing crises in the Middle East and Ukraine were this afternoon firmly back in focus. Dipping in the final minutes of trade, the FTSE 100 closed 29.91 points lower at 6,791.55. The European Union today reached a preliminary agreement on economic sanctions against Russia over the Ukraine crisis. Diplomats said the details are still being worked out following discussions that lasted all day yesterday and part of today. "Clearly businesses are suffering as a result of the weakening trade ties with Russia, which has had sanctions imposed on it by Europe and the US due to its involvement in the crisis in eastern Ukraine," said Craig Erlam, Market Analyst at Alpari UK. UK house prices slow in July House prices in Britain rose at the slowest pace in more than a year in July following the introduction of tougher mortgage rules, according to a Hometrack survey. Prices climbed 0.1% this month, easing from a 0.3% increase in June, signalling a cool down in the housing market. In other UK macro news, second quarter GDP grew at 0.8% in the second quarter as had been widely expected. The figure means the UK is now back at levels seen prior to the recession. Lewis Sturdy, a Dealer at Capital Spreads, said: "UK GDP figure this morning proved Britain's economy has finally returned to the size it was pre market crash of 2008. With output growing by 0.8% in the second quarter, economists will be feeling pretty happy about the situation. "Their attentions will now turn to the real wages figure, a number that Carney has stated will have to improve before interest rates go up. All is well and good having more of the population in work, but if the majority are part time or zero contract hours with a pay rise nowhere in sight, this does cause some concern. As for next week, keep an eye out for FOMC meeting as well as non-farm payrolls on Friday." Also providing a drag today was the IMF, which lowered its forecasts for global growth from the 3.7% figure given in April to 3.4%, attributing the change to events in Ukraine and Iraq. Over in the US, a report showed US durable goods orders rose 0.7% in June following a 1% drop a month earlier. It beat analysts' estimates for a 0.5% increase. RBS leads risers as BSkyB sinks RBS delivered a better-than-expected first half operating performance, but said no one at the 80% taxpayer-owned bank was "complacent about the challenges ahead". The results, which came a week earlier than scheduled, showed operating profit totalled £2.6bn, or £3.3bn excluding restructuring and litigation and conduct costs, compared with £1.59bn in the same period a year earlier. The gains were driven by more favourable credit conditions and good results from RBS Capital Resolution, and came despite a 6% decline in total income to £9.9bn. Barclays and Lloyds Banking Group were also higher on the news. Anglo American shares were higher on the back of its Chief Executive's confidence in the group's outlook. Pearson shares climbed despite the publishing group posting a fall in first half profit. It did, however, maintain its full-year profit forecasts, which may have come as a relief to some investors after a series of downbeat trading statements in recent times. Vodafone moved higher after the decline in its service revenue was lower than had been expected after the losses in Europe were partly offset by gains in African and India. Sainsbury rose after market sources yesterday suggested Qataris is poised to make another bid for the supermarket chain at 500p or more per share. Meanwhile, BSkyB was firmly in the bottom spot after it failed to impress with its decision to buy the entire stake of Sky Italia and a 57.4% interest in Sky Deutschland from Rupert Murdoch's 21st Century Fox. The group will pay £2.45bn for Sky Italia and £2.9bn for Sky Deutschland. The news overshadowed its annual results, in which it posted a 7% rise in adjusted revenue to £7.6bn. GlaxoSmithKline continued to fall one day after lowering its outlook after second quarter profits declined 12%. UBS reduced its target from 1,500p to 1,380p and downgraded the stock from neutral to sell. 12% income guaranteed ... Earn an average of 12% net per annum with this unique, low-entry housing development opportunity Download the fact sheet here for further information FTSE 100 - Risers Royal Bank of Scotland Group (RBS) 364.20p +10.77% Anglo American (AAL) 1,639.50p +3.44% Pearson (PSON) 1,132.00p +2.82% Vodafone Group (VOD) 202.05p +2.12% Barclays (BARC) 218.05p +1.66% Tullow Oil (TLW) 764.00p +1.19% Lloyds Banking Group (LLOY) 74.81p +1.16% Sainsbury (J) (SBRY) 320.20p +1.01% Randgold Resources Ltd. (RRS) 5,115.00p +0.99% Rolls-Royce Holdings (RR.) 1,053.00p +0.67% FTSE 100 - Fallers British Sky Broadcasting Group (BSY) 874.50p -5.46% GlaxoSmithKline (GSK) 1,423.00p -3.16% Petrofac Ltd. (PFC) 1,127.00p -2.17% Rexam (REX) 513.00p -2.01% GKN (GKN) 344.20p -1.99% Persimmon (PSN) 1,280.00p -1.99% British Land Co (BLND) 717.00p -1.92% Barratt Developments (BDEV) 364.30p -1.83% Admiral Group (ADM) 1,481.00p -1.73% Tesco (TSCO) 270.35p -1.62% FTSE 250 - Risers Balfour Beatty (BBY) 253.10p +9.05% Carillion (CLLN) 362.80p +7.18% Countrywide (CWD) 489.20p +5.18% Lonmin (LMI) 241.00p +4.92% Interserve (IRV) 648.00p +2.86% Renishaw (RSW) 1,899.00p +2.76% Just Retirement Group (JRG) 144.90p +2.40% African Barrick Gold (ABG) 259.80p +2.28% Regus (RGU) 180.10p +1.98% Cineworld Group (CINE) 329.40p +1.89% FTSE 250 - Fallers Spectris (SXS) 1,934.00p -7.69% Howden Joinery Group (HWDN) 347.50p -4.77% Cairn Energy (CNE) 177.30p -3.69% AO World (AO.) 212.10p -3.24% Kazakhmys (KAZ) 343.00p -3.11% Electrocomponents (ECM) 234.80p -2.65% Vesuvius (VSVS) 459.40p -2.59% BTG (BTG) 606.00p -2.57% Catlin Group Ltd. (CGL) 524.00p -2.06% Imagination Technologies Group (IMG) 196.60p -2.04% Earn 24% ROI per annum... Our low entry lucrative Oil Investment opportunity in USA could earn you 24% ROI per annum! Request your free Oil investment brochure here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks fall as German investor confidence dips - IMF cuts global forecast - German investor confidence falls - German consumer confidence rises - UK GDP grows in line with forecasts - US durable goods orders increase FTSE 100: -0.44% DAX: -1.53% CAC 40: -1.82% FTSE MIB: -0.90% IBEX: 0.25% Stoxx 600: -0.69% Most European stocks were in the red after a report showed German investor confidence fell and the International Monetary Fund (IMF) cut its forecast for world growth. A survey from the Ifo Institute showed German investor confidence fell more than expected in July. The business climate index dropped to 108 from 109.7 in June. Analysts had predicted a reading of 109.4. Separately, GfK's forward-looking survey on German sentiment in August increased to its highest level since December 2006. The index climbed to 9.0 from 8.9 the prior month, surprising analysts who had expected an unchanged result. The IMF lowered its global growth predictions, down from the 3.7% figure given in April to 3.4%, attributing the change to the crises in Ukraine and Iraq. The European Union (EU) today reached a preliminary agreement on economic sanctions against Russia over the Ukraine turmoil. Diplomats said the details are still being worked out following discussions that lasted all day yesterday and part of today, Reuters reported. "Clearly businesses are suffering as a result of the weakening trade ties with Russia, which has had sanctions imposed on it by Europe and the US due to its involvement in the crisis in eastern Ukraine," said Craig Erlam, Market Analyst at Alpari UK. The death toll in Gaza has passed 800 following more than two weeks of clashes between Israelis and Palestinians. Meanwhile, UK gross domestic product data for the second quarter grew by 0.8% quarter-on-quarter, the same as the prior three months, as expected by analysts. In the US, a report revealed durable goods orders rose 0.7% in June following a 1% drop a month earlier. It beat analysts' estimates for a 0.5% increase. BSkyB, RBS British Sky Broadcasting Group (BSkyB) slid after it offered to buy Sky Deutschland and Sky Italia from Rupert Murdoch's 21st Century Fox. Sky Deutschland's shares rose. Royal Bank of Scotland Group advanced after saying first-half profit probably almost doubled. Danone edged lower as the yoghurt maker said first half sales and profit fell short of projections. Louis Vuitton declined after the luxury-goods company posted first half profit that missed estimates, saying demand weakened in Asia. Air France-KLM Group gained after reporting second-quarter profit that beat market expectations. The euro fell 0.23% to $1.3433. Brent crude futures climbed 0.714% to $107.84 per barrel, according to the ICE. Swissquote offers CFD Trading, an efficient mean of trading indices, commodities and currencies. You can trade on the market whether you think it will go UP or Down! Think the DAX will go Down? Short the DAX… Try CFD Trading with a Free Practice Account losses can exceed your deposit. US Market Report US open: Stocks slide amid geopolitical woes US stocks declined as geopolitical tensions in the Middle East and Ukraine continued. The European Union (EU) today reached a preliminary agreement on economic sanctions against Russia over the Ukraine crisis. Diplomats said the details are still being worked out following discussions that lasted all day yesterday and part of today. The news comes amid accusations on Russia's involvement in the downing of a Malaysia Airlines plane last week. "Clearly businesses are suffering as a result of the weakening trade ties with Russia, which has had sanctions imposed on it by Europe and the US due to its involvement in the crisis in eastern Ukraine," said Craig Erlam, Market Analyst at Alpari UK. Meanwhile, the death toll in Gaza has passed 800 following more than two weeks of clashes between Israelis and Palestinians. US Secretary of State John Kerry pressed regional leaders to confirm a Gaza ceasefire today. A report today showed US durable goods orders rose 0.7% in June following a 1% drop a month earlier. It beat analysts' estimates for a 0.5% increase. Visa slides Visa slumped after the payments network cut its forecast for full-year revenue. Radio group Pandora Media was in the red early on after revealing increased losses. Amazon slumped after posting a second quarter loss that missed analysts' estimates. The 10-year yield fell two basis points to 2.48%. West Texas Intermediate crude futures dropped 0.140% to $106.92 per barrel, according to the ICE. 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.  Week ahead: Eyes on Barclays during frantic week An extremely busy week lies ahead, with a tumult of the largest companies on the London stock market announcing second-quarter and half-year results. The week begins quietly enough on Monday and Tuesday, with a Reckitt Benckiser expected to post lower profits on Monday due to forex movements, an interesting update expected from Trinity Mirror and good start expected from FTSE 250 insurer Hiscox. A rash of resources reports in the coming week begins with BP's second quarter results Tuesday followed on Wednesday with Drax and Tullow Oil, before Thursday sees BG Group, Centrica and Shell. Financial sectors see updates from Lloyds Banking, Man Group, Moneysupermarket.com and Schroders. There will be particular interest in Barclays, with these being the first results after the May strategy update and recent allegations regarding High frequency Trading activity in Barclays's dark pools. Analysts at Numis forecast first-half statutory profit before tax of £2,859m, which assumes a further £500m of PPI provisions. Adjusted PBT is forecast at £3,359m. Focus will be on three things in particular: investment banking revenues where an 8% decline is forecast in the second quarter; cost management, where 2014 guidance is for around £17bn operating costs; and thirdly Barclays non-core deleveraging, where the broker forecasts non-core losses of £476m for the period. Other results during the week worth watching out for are from AstraZeneca, BAE Systems, BT Group, British American Tobacco, Compass, Direct Line, ITV, Foxtons, PZ Cussons, Pace, Rentokil, Rolls-Royce, along with Taylor Wimpey, Travis Perkins and William Hill. Macro factors In the UK, analysts at Investec say they expect official Bank of England data to show the first increase in mortgage approvals for five months, following a steer from British Bankers' Association figures. "We also tend to the view that Friday's manufacturing PMI survey will remain in buoyant territory, helping to dispel fears that sterling's strength is clobbering the factory sector. Note too that Deputy BoE Governor Ben Broadbent speaks on Tuesday." Stateside there's plenty of macro data in the week as well as 142 S&P 500 companies due to report earnings as the season gets into full season. Wednesday will see the US Federal Reserve's FOMC make a short announcement about a further $10bn round of tapering to the level of monthly asset purchases will fall back to $25bn, with a short statement to accompany it. On Friday July's US jobs numbers are reported, with unemployment having fallen by almost 1.5 percentage points to 6.1% over the past year and short-term joblessness at its lowest level since early 2008. Fed Chair Janet Yellen recently warned that a relatively fast fall in unemployment would bring forward a hike in interest rates. A first estimates of second quarter GDP is also due, with the first quarter's 2.9% annualised drop expected to more than than reverse. Further data prints include the latest ADP employment survey and July's Institute for Supply Management index. Friday also sees official Chinese PMI figures.   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  Morning Euro Markets Bulletin Daily world financial news Thursday, 24 July 2014 09:59:02 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan 3 AIM stocks with potential for huge gains Discover 3 of the UK's most promising AIM stocks 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: UK stocks fall as Kingfisher, Easyjet and Unilever disappoint - Kingfisher, Easyjet, Unilever disappoint with earnings - Markets still cautious on Ukraine crisis - Economic data on tap, Chinese indicator improves techMARK 2,813.29 -0.36% FTSE 100 6,780.77 -0.26% FTSE 250 15,695.97 -0.19% UK stocks declined on Thursday as a negative reaction to results from Kingfisher, Easyjet and Unilever weighed on markets. After rising to its highest level in over two weeks, the FTSE 100 was down 0.3% at 6,781 in early trading. The index had settled at 6,798.15 on Wednesday, its highest close since July 7th. Jonathan Sudaria, a dealer from Capital Spreads, said that despite positive data from China overnight "sentiment still remains cautious" with the possibility of tougher economic sanctions on Russia. The European Commission meets today to discuss new potential measures on Russia. According to a proposal seen by the Financial Times, new sanctions could include the banning of all Europeans from purchasing new debt or stock issued by Russia's largest banks. Sudaria said: "Expectations are that they will stay true to form and do nothing; but there is always the possibility that international pressure may spur some surprise action with some teeth so traders remain cautious." After a relatively quiet start to the week in terms of economic data, investors will have plenty to digest today, including manufacturing purchasing managers' indices (PMI) from the Eurozone, UK retail sales, and housing and jobless claims figures from the US later on. Overnight, the HSBC China manufacturing PMI for July improved from 50.7 to 52, showing that growth had picked up faster than analysts' expectations (forecast: 51). Kingfisher, Easyjet, Unilever disappoint After a strong start to the year, DIY retailer Kingfisher's like-for-like sales reversed into the red in the second quarter with trading "slower than anticipated", leading the stock to sink nearly 7% early on. Budget airline Easyjet underwhelmed after confirming its full-year profit will rise at least 14%, in line with City forecasts. That came after it posted an 8.6% rise in third quarter revenue to £1,240m, driven by higher passenger numbers, an improved load factor and the timing of Easter. Consumer goods company Unilever also fell as it reported a lower-than-expected increase in second-quarter sales, blaming a deterioration in emerging markets and flat developed markets. Reed Elsevier was a bright spark after reporting that underlying trends remain strong, enabling the business publishing and information company to drive a 5% improvement in profits in the first half and complete two thirds of the £600m of share buybacks planned for the year. FTSE 100 - Risers Reed Elsevier (REL) 958.50p +2.08% Antofagasta (ANTO) 847.00p +1.56% HSBC Holdings (HSBA) 612.50p +0.86% London Stock Exchange Group (LSE) 1,931.00p +0.57% Barclays (BARC) 212.15p +0.57% Royal Bank of Scotland Group (RBS) 325.40p +0.56% Johnson Matthey (JMAT) 3,037.00p +0.50% Legal & General Group (LGEN) 236.60p +0.25% IMI (IMI) 1,447.00p +0.21% Smith & Nephew (SN.) 1,061.00p +0.19% FTSE 100 - Fallers Kingfisher (KGF) 312.60p -6.96% easyJet (EZJ) 1,346.00p -4.06% CRH (CRH) 1,424.00p -2.40% Randgold Resources Ltd. (RRS) 5,020.00p -1.76% ARM Holdings (ARM) 865.00p -1.76% Unilever (ULVR) 2,641.00p -1.57% Petrofac Ltd. (PFC) 1,180.00p -1.42% Fresnillo (FRES) 927.50p -1.38% Sports Direct International (SPD) 699.00p -1.34% Travis Perkins (TPK) 1,608.00p -1.23% FTSE 250 - Risers Howden Joinery Group (HWDN) 325.00p +4.30% Lancashire Holdings Limited (LRE) 630.00p +4.05% Inchcape (INCH) 661.00p +3.69% Kennedy Wilson Europe Real Estate (KWE) 1,089.00p +1.59% Xaar (XAR) 579.00p +1.49% Telecom Plus (TEP) 1,370.00p +1.41% Rathbone Brothers (RAT) 1,988.00p +1.17% NMC Health (NMC) 463.50p +1.09% Fidessa Group (FDSA) 2,179.00p +1.07% Fidelity China Special Situations (FCSS) 106.80p +0.95% FTSE 250 - Fallers Electrocomponents (ECM) 244.10p -5.46% Drax Group (DRX) 685.00p -3.52% CSR (CSR) 567.50p -2.66% Renishaw (RSW) 1,759.00p -2.33% Ladbrokes (LAD) 136.00p -2.23% Thomas Cook Group (TCG) 120.10p -1.80% William Hill (WMH) 347.80p -1.78% Kazakhmys (KAZ) 338.70p -1.77% Tate & Lyle (TATE) 651.00p -1.74% 12% income guaranteed ... Earn an average of 12% net per annum with this unique, low-entry housing development opportunity Download the fact sheet here for further information UK Event Calendar Thursday July 24 INTERIMS CSR, Hammerson, Howden Joinery Group, Lancashire Holdings Limited, Nichols, Rathbone Brothers, Reed Elsevier, Sagentia Group, Unilever INTERIM DIVIDEND PAYMENT DATE Octopus Titan VCT 1, Octopus Titan VCT 2, Octopus Titan VCT 3, Octopus Titan VCT 4 INTERNATIONAL ECONOMIC ANNOUNCEMENTS Continuing Claims (US) (13:30) Initial Jobless Claims (US) (13:30) New Homes Sales (US) (15:00) Q2 CSR, Lancashire Holdings Limited, Unilever GMS Cyprotex, Thorntons IMSS Britvic, easyJet, Electrocomponents, Halma, Marston's, Reed Elsevier, Tate & Lyle AGMS Amedeo Resources, Astar Minerals, Camper & Nicholsons Marina Investments Ltd., Capital Management & Investment, Cyprotex, De La Rue, Dee Valley Group, Dee Valley Group (Non-Voting), Electrocomponents, Energy Technique, F&C Global Smaller Companies, Fuller Smith & Turner, Halma, NB Distressed Debt Investment Fund Ltd., Personal Assets Trust, Phorm Corporation Ltd (DI), Record, Royal Mail, SABMiller, Securities Trust of Scotland, Tate & Lyle, Tau Capital, TP10 VCT , TP5 VCT, Triple Point Income VCT, Triple Point Income VCT, Triple Point Income VCT C, Triple Point VCT 2011, Vertu Motors TRADING ANNOUNCEMENTS Close Brothers Group, Kingfisher, SABMiller UK ECONOMIC ANNOUNCEMENTS Internet Retail Sales (09:30) Retail Sales (09:30) FINAL DIVIDEND PAYMENT DATE Big Yellow Group, DCC, Investec Structured Products Calculus VCT, Investec Structured Products Calculus VCT 'C' Shares, Octopus AIM VCT, PayPoint Invest in the fast growing Mobile App market! An tax efficient opportunity from Appbox Media to invest in an industry that grew 115% in 2013, and is expected to reach revenues of $63.5bn by 2017.  Investor Report, Click Here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks mixed after China, German factory data - Chinese manufacturing expands - German factory activity grows - UK retail sales report to be released - US jobless claims and new home sales data due FTSE 100: -0.29% DAX: -0.49% CAC 40: -0.38% FTSE MIB: 0.15% IBEX 35: 0.26% Stoxx 600: -0.21% European stocks were mixed as reports showed China and German manufacturing activity rose more than expected. HSBC/Markit's purchasing managers' index (PMI) for manufacturing in China climbed to 52 in July from 50.7 a month earlier, beating estimates for a reading of 51. A figure above 50 signals expansion. Markit/BME separately released its PMI for German manufacturing which increased to 52.9 this month from 52 in June, ahead of expectations of 51.9. "A lot has been said about the slowdown in the Eurozone recently, particularly in Germany which has been the most concerning thing as many don't believe we can see a strong recovery in the region without its strongest member leading the way," said Craig Erlam, analyst at Alpari UK. French manufacturing contracted in July at its fastest pace this year, according to Purchasing Managers Index (PMI) numbers that were worse than forecast. French manufacturing PMI shrank from 48.2 to 47.6 month-on-month, compared to consensus expectations of 48.0. This morning's agenda will also see the release of UK retail sales data for June which is forecast to show a 4.6% gain following a 4.7% increase in May. Later on, US reports on new home sales and initial jobless claims are due. The Federal Reserve is closely monitoring data to determine whether the economic recovery is strong enough to hike interest rates and scale back monthly bond purchases further. Unilever, Roche Unilever declined as the maker of Dove soap and Lipton tea reported a rise in second quarter revenue that fell short of analysts' estimates. Roche gained after largest maker of cancer drugs reiterated its forecast for revenue this year to increase by a low- to mid-single-digit percentage at constant exchange rates and earnings per share to rise faster than sales. BASF slumped after the world's biggest chemical maker reported second quarter earnings that missed market consensus. Nokia surged as the Finnish network-equipment maker posted second quarter earnings that beat forecasts. The euro rose 0.03% to $1.3468. Brent crude futures fell 0.195% to $107.82 per barrel, according to the ICE. Swissquote offers CFD Trading, an efficient mean of trading indices, commodities and currencies. You can trade on the market whether you think it will go UP or Down! Think the DAX will go Down? Short the DAX… Try CFD Trading with a Free Practice Account losses can exceed your deposit. US Market Report US close: S&P 500 hits new record as earnings impress Dow Jones: -0.16% Nasdaq: +0.40% S&P 500: +0.17% A wave of upbeat corporate earnings helped the S&P 500 to another all-time high on Wednesday evening, with the healthcare and technology sectors the standout performers. The S&P 500 finished just 0.2% higher but settled a new higher of 1,987.01, its 26th record of the year so far. The Nasdaq rose 0.4%, helped by Apple whose shares rose to their highest since 2012 after it impressed investors the previous day with better-than-expected earnings. Tech giant Microsoft also managed to beat forecasts on Tuesday. However, the Dow Jones Industrial Average finished 0.2% lower after Boeing underwhelmed with its quarterly results. Despite the record high for the S&P 500, gains were limited as investors continued to focus on the latest geopolitical developments in Ukraine, where two government fighter jets were shot down near the eastern border, close to the crash site of flight MH17. Ongoing heavy fighting in Gaza was also weighing on investor sentiment. Economic data was thin on the ground in the States today, with the only major indicator being the MBA mortgage applications survey which showed a 2.4% rise in the week ended July 18th, compared with a 3.6% fall the week before. Boeing Aeroplane manufacturer Boeing, the sixth-largest component on the Dow, erased earlier gains to finish in the red despite the company lifting its profit guidance for 2014. Analysts attributed the fall to costs associated with the KC-46A military tanker. Delta Airlines was flying higher after beating analysts' forecasts with its second-quarter profit on the back of strong domestic demand. Meanwhile, soft drinks giant PepsiCo advanced after surpassing estimates and lifting its full-year outlook. Biogen Idec and Intuitive Surgical led biotech stocks higher after the companies beat forecasts with their quarterly results. S&P 500 - Risers Intuitive Surgical Inc. (ISRG) $461.63 +17.71% Biogen Idec Inc. (BIIB) $337.60 +11.60% Robert Half International Inc. (RHI) $51.70 +7.26% Alexion Pharmaceuticals Inc. (ALXN) $173.08 +5.94% Celgene Corp. (CELG) $89.12 +4.47% Air Products & Chemicals Inc. (APD) $136.09 +4.42% Delta Airlines Inc. (DAL) $39.15 +3.90% Cerner Corp. (CERN) $55.98 +3.49% Apple Inc. (AAPL) $97.19 +3.46% Yahoo! Inc. (YHOO) $34.71 +3.30% S&P 500 - Fallers Xilinx Inc. (XLNX) $41.26 -14.31% Juniper Networks Inc. (JNPR) $22.43 -9.63% Electronic Arts Inc. (EA) $36.04 -6.19% Linear Technology Corp. (LLTC) $44.94 -5.73% Altera Corp. (ALTR) $33.59 -4.55% Allegheny Technologies Inc. (ATI) $41.88 -4.47% Applied Materials Inc. (AMAT) $21.90 -4.41% TE Connectivity Ltd (TEL) $62.32 -4.08% Analog Devices Inc. (ADI) $51.28 -4.08% Microchip Technology Inc. (MCHP) $47.11 -3.62% Dow Jones I.A - Risers Goldman Sachs Group Inc. (GS) $176.82 +1.03% Chevron Corp. (CVX) $133.88 +0.98% Exxon Mobil Corp. (XOM) $104.25 +0.69% E.I. du Pont de Nemours and Co. (DD) $65.37 +0.65% Home Depot Inc. (HD) $81.02 +0.60% JP Morgan Chase & Co. (JPM) $59.00 +0.56% Wal-Mart Stores Inc. (WMT) $76.99 +0.46% Nike Inc. (NKE) $77.37 +0.43% Travelers Company Inc. (TRV) $91.78 +0.16% Microsoft Corp. (MSFT) $44.87 +0.09% Dow Jones I.A - Fallers Boeing Co. (BA) $126.71 -2.34% Caterpillar Inc. (CAT) $108.38 -1.53% United Technologies Corp. (UTX) $109.73 -1.02% McDonald's Corp. (MCD) $95.35 -0.96% Coca-Cola Co. (KO) $40.81 -0.92% Intel Corp. (INTC) $34.50 -0.83% Cisco Systems Inc. (CSCO) $25.68 -0.66% Merck & Co. Inc. (MRK) $58.11 -0.55% General Electric Co. (GE) $25.91 -0.42% Pfizer Inc. (PFE) $30.39 -0.33% Nasdaq 100 - Risers Intuitive Surgical Inc. (ISRG) $461.63 +17.71% Biogen Idec Inc. (BIIB) $337.60 +11.60% Alexion Pharmaceuticals Inc. (ALXN) $173.08 +5.94% Celgene Corp. (CELG) $89.12 +4.47% Cerner Corp. (CERN) $55.98 +3.49% Apple Inc. (AAPL) $97.19 +3.46% Yahoo! Inc. (YHOO) $34.71 +3.30% TripAdvisor Inc. (TRIP) $107.36 +3.06% Check Point Software Technologies Ltd. (CHKP) $66.15 +3.01% Facebook Inc. (FB) $71.29 +2.92% Nasdaq 100 - Fallers Xilinx Inc. (XLNX) $41.26 -14.31% Linear Technology Corp. (LLTC) $44.94 -5.73% Altera Corp. (ALTR) $33.59 -4.55% Applied Materials Inc. (AMAT) $21.90 -4.41% Analog Devices Inc. (ADI) $51.28 -4.08% Maxim Integrated Products Inc. (MXIM) $32.98 -3.31% Nxp Semiconductors Nv (NXPI) $64.54 -2.58% Kraft Foods Group, Inc. (KRFT) $58.30 -2.56% Avago Technologies Ltd. (AVGO) $73.63 -2.37% Nvidia Corp. (NVDA) $18.08 -2.11% 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 Newspaper Round Up Thursday newspaper round-up: StanChart, Big Six, Centrica... The directors of Standard Chartered rushed out a statement last night, giving emphatic support to the chairman Sir John Peace and chief executive Peter Sands amid growing shareholder pressure for heads to roll at the embattled blue-chip bank. Institutional shareholders contacted by The Times said there was a widespread feeling that the leadership team needed refreshing after two profit warnings in seven months and pointed to Mr Sands as their preferred scalp. - The Times Britain's top competition watchdog will on Thursday set out a catalogue of concerns about the UK energy sector as it begins an 18-month investigation that could result in the Big Six suppliers being broken up. The Competition and Markets Authority will lay out the terms for the biggest ever inquiry into the UK energy market, after regulator Ofgem concluded that profits and prices were too high, leaving millions of households paying too much for their gas and electricity. - The Telegraph He was one of the three musketeers to the Sun King at BP. Now he is about to take on a job that will make him about as popular as Cardinal Richelieu. Centrica, the company best known as the owner of British Gas, is on the verge of appointing Iain Conn, the once young high-flyer and now senior director at BP, to become its chief executive. - The Times Britain will review its outstanding arms deals with Russia, David Cameron has pledged as the MPs called on the Government to clarify its position on weapons sales. The news came after a committee of MPs disclosed that more than 200 licences to sell British weapons to Russia are still in place. - The Telegraph The two week offensive in Gaza, which has led to the deaths of hundreds of Palestinian men, women and children in the crowded coastal enclave, could have seen war crimes committed by Israel, the UN's top human rights official has warned. The remarks from UN High Commissioner for Human Rights Navi Pillay in Geneva came a week after Israel escalated its Operation Protective Edge - launched with the stated purpose of halting Hamas rocket fire - from aerial bombardments into a ground campaign that has resulted in a sharp increase in Palestinian casualties. - The Independent Ukraine has accused rebels of shooting down two fighter jets on Wednesday close to where the Malaysia Airlines flight MH17 crashed, killing all 298 passengers on board. [...] A separate statement from Ukraine's Security Council on Wednesday said preliminary information suggested the missiles had been fired from Russia. Moscow has not responded to the claim. - The Independent   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