Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Tuesday, 04 November 2014 10:02:14 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Rebuilding Society Lend to businesses and earn an average yield of 16% Get a £20 head start in this new financial market. Join Today London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: FTSE rises as earnings impress, but oil stocks fall The UK stock market opened tentatively on Tuesday, with declines in the energy sector offsetting some well-received results from blue chips Legal & General, Associated British Foods and Imperial Tobacco. The FTSE 100 was up 0.2% at 6,503 in early deals. However, upside was being limited by falls from a number of oil majors as the price of West Texas Intermediate (WTI) fell to a three-year low. Saudi Arabia lowered prices for crude exports to US customers ahead of US government data due out on Wednesday which is expected to show that stockpiles rose by 1.9m barrels last week. WTI futures were down as much as 2% at $77.20 a barrel on Tuesday, a level not seen since October 2011. After closing at its highest level in four weeks on Friday (6,546.47), the FTSE 100 fell 0.9% on Monday after manufacturing purchasing managers' indices (PMIs) from China and the Eurozone disappointed. "After the strong gains seen in equity markets at the end of last week it was probably inevitable that we got a little bit of a pull-back yesterday," said analyst Michael Hewson from CMC Markets UK. The focus of Wednesday's session is likely to be on the Markit/CIPS UK construction PMI due out at 09:30, which is predicted to have fallen to 63.5 in October from 64.2 in September. Nevertheless, this will still be the 12th straight month above 60. Oil stocks fall; L&G, AB Foods and Imperial impress Oil and gas producers Tullow Oil, Shell, BP, BG Group, Premier Oil and Ophir Energy were among the worst performers on Tuesday as stocks tracked oil prices lower. Oil services peers Hunting and Petrofac were also out of favour. Insurance and pensions group Legal & General rose after saying it racked up record annuity sales of £3.9bn in the first nine months of the year despite British government changes that have relaxed obligations on people to buy annuities to save for their retirement. Full-year earnings and dividends from Associated British Foods were up 6% on the prior year despite revenues falling 3%. Shares were higher early on after the company hailed a "magnificent" year for its Primark clothing chain where oeprating profits jumped 30%. Cigarette maker Imperial Tobacco was also higher as it hailed rising demand for key brands such as Davidoff, JPS and Lambert & Butler and said it it was boosting its annual dividend by 10% to 128.1p a share. Spirit Pub Company was in demand after British brewer and pub group Greene King made a firm £773.6m takeover bid, upping the pressure on rival suitor C&C. Market Movers techMARK 2,774.16 +0.30% FTSE 100 6,503.33 +0.24% FTSE 250 15,501.51 +0.31% FTSE 100 - Risers Schroders (SDR) 2,454.00p +2.68% Randgold Resources Ltd. (RRS) 3,797.00p +2.62% TUI Travel (TT.) 415.50p +2.34% Legal & General Group (LGEN) 235.50p +2.12% Imperial Tobacco Group (IMT) 2,722.00p +2.06% Standard Chartered (STAN) 959.40p +1.91% Ashtead Group (AHT) 1,050.00p +1.65% Mondi (MNDI) 1,060.00p +1.53% Standard Life (SL.) 390.90p +1.51% Fresnillo (FRES) 705.50p +1.51% FTSE 100 - Fallers Tullow Oil (TLW) 475.20p -1.68% Royal Dutch Shell 'B' (RDSB) 2,246.00p -1.58% Aggreko (AGK) 1,496.00p -1.58% Petrofac Ltd. (PFC) 1,066.00p -1.30% Royal Dutch Shell 'A' (RDSA) 2,169.50p -1.21% Experian (EXPN) 920.00p -1.13% BG Group (BG.) 1,024.50p -1.11% BP (BP.) 438.80p -1.10% BAE Systems (BA.) 454.70p -0.66% Burberry Group (BRBY) 1,503.00p -0.40% FTSE 250 - Risers Man Group (EMG) 128.30p +3.97% Homeserve (HSV) 353.30p +3.49% Centamin (DI) (CEY) 53.65p +2.68% Morgan Advanced Materials (MGAM) 290.50p +2.22% Thomas Cook Group (TCG) 127.70p +2.08% African Barrick Gold (ABG) 212.10p +1.97% Investec (INVP) 574.50p +1.68% Lonmin (LMI) 176.10p +1.67% NMC Health (NMC) 495.00p +1.58% Stagecoach Group (SGC) 383.10p +1.56% FTSE 250 - Fallers Hunting (HTG) 707.00p -3.55% Jardine Lloyd Thompson Group (JLT) 911.00p -3.09% Nostrum Oil & Gas (NOG) 650.00p -2.99% Greene King (GNK) 784.50p -2.97% Afren (AFR) 73.10p -2.73% Premier Oil (PMO) 250.10p -2.53% Regus (RGU) 190.60p -2.26% Amec (AMEC) 1,033.00p -2.18% Ophir Energy (OPHR) 186.00p -2.05% Why is now such a good time to invest in US property? Castle Keep are now offering their expertise as US property fund managers to help private investors avoid the pitfalls of investing in an unfamiliar market. Find out for yourself and download their FREE US property investment guide UK Event Calendar INTERIMS Advanced Computer Software Group, DCC INTERIM DIVIDEND PAYMENT DATE M. P. Evans Group INTERNATIONAL ECONOMIC ANNOUNCEMENTS Balance of Trade (US) (13:30) Factory Orders (US) (15:00) Goods Orders (US) (15:00) Producer Price Index (EU) (10:00) Q3 Alpha Bank GDR (Reg S) USD, Banco Santander S.A. (CDI) GMS NextEnergy Solar Fund Limited Red FINALS Associated British Foods, Imperial Tobacco Group ANNUAL REPORT Victoria Oil & Gas IMSS 888 Holdings, Jardine Lloyd Thompson Group, Legal & General Group, Persimmon, PPHE Hotel Group Ltd, Unite Group EGMS Powerflute Oyj (DI), Societatea Nationala De Gaze Naturale Romgaz S.A. GDR (Reg S) AGMS Akers Biosciences, Inc. , DX (Group), JPMorgan Global Convertibles Income Fund Ltd, Mobile Streams, Monitise, Premaitha Health TRADING ANNOUNCEMENTS Stock Spirits Group   UK & Europe Step Down Autocall 2 SG16 is a 6 year investment linked to the FTSE 100 and Euro Stoxx 50 Indices, which aims to generate a gross return of 10% per year (not compounded), and return your initial investment at Maturity, if not before See for yourself, here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks rise as ECB policy decision looms Stocks in the euro-area rose as European Central Bank (ECB) official Benoit Coeure warned the bloc risks a delayed recovery if governments fail to implement structural reforms. Couere on Tuesday said that the Eurozone may lose economic momentum unless governments match the ECB's monetary stimulus with policies to boost growth. "Unless an adequate mix of monetary, fiscal and structural policies is in place to create confidence and sustain private consumption and investment, we once again run the risk of a self-fulfilling loss of momentum and a delayed recovery," he said. His remarks come ahead of the ECB's meeting on Thursday when it is expected to keep monetary policy unchanged. With the ECB announcement fast approaching, markets will be keeping a close eye on euro-area economic forecasts from the European Commission on Tuesday. "For the most part, expectations are low following a somewhat dire 12 months which have seen no country immune to the downturn, as personified by negative growth in Germany," said Alpari UK analyst Joshua Mahony. "In the past, economic forecasts have been used to determine who is in need of austerity measures, and to what extent. However, with growth floundering and Draghi's actions seemingly blunt in impact, we are now seeing a shift towards encouraging more fiscal expansion and a less fiscally responsible stance." Also on the economic calendar Tuesday will be the release of UK construction figures, US trade data and US factory orders. DSM, Hugo Boss DSM gained after the vitamin maker reporting quarterly results that exceeded analysts' expectations. Hugo Boss AG declined after the fashion house lowering its 2014 sales outlook. L'Oreal SA slumped after the cosmetics maker posted a rise in third-quarter sales that missed estimates. The euro rose 0.22% to $1.2510. 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: Markets fluctuate as energy stocks fall US stocks fluctuated on Monday, as energy companies dropped with the price of oil after Saudi Arabia said it will cut prices of crude sent to the US. The Dow Jones Industrial Average closed 24.28 points down to 17,366.24, while the S&P 500 lost 0.24 points to 2,017.81 and the Nasdaq ended the day 11.07 points up to 4,169.28. The S&P 500 and the Dow Jones Industrial average surged on Friday to all-time closing highs of 2,018 and 17,391 respectively, with investors buoyed by an unexpected increase to Japan's monetary-easing programme. Manufacturing data released on Monday strengthened the belief that the US economy can sustain a withdrawal in central-bank stimulus. The Institute for Supply Management's factory index increased to 59 in October, matching August as the highest since March 2011, after 56.6 the prior month. "The S&P 500 was looking a little exposed at all-time highs having skyrocketed higher on Friday [...] but disappointing Chinese and European manufacturing data now look set to bring stocks back down to earth on Monday," said Jasper Lawler, analyst at CMC Markets. The government's official Chinese manufacturing purchasing managers' index (PMI) unexpectedly declined from 51.1 to a five-month low of 50.8, while the non-manufacturing PMI fell from 54 to a nine-month low of 53.8. Meanwhile, the final reading of Markit's Eurozone manufacturing PMI for October was revised to 50.6, up from 50.3 in September but down from the initial estimate of 50.7. In corporate news, Sapient surged 42.03% after French advertising group Publicis SA announced a $3.7bn all-cash deal to buy the US firm. Geron soared 25.56% after the US Food and Drug Administration removed its hold on the pharmaceutical firm's new drug research application for imetelstat, which is focused on myeloid malignancies. Covance rose 25.87% after Laboratory Corp. of America Holdings announced it would buy the firm in a $5.6bn cash and stock deal, while Gopro shares climbed 9.36% following positive results at the end of last week. American Realty Capital Properties tumbled 11.50% following news that the Federal Bureau of Investigation has opened a criminal probe into accounting errors at the real estate investment trust. The yield on the 10-year US Treasury note was stable at 2.34%, while the 30-year note was unchanged at 3.06 and the five-year Treasuries advanced two basis points to 1.63. Gold futures slid back slightly to $1,167.10, while West Texas intermediate and Brent crude dropped, ending the day at just over $78 and just over $84 respectively. The dollar dropped back against the pound but rose against the yen and the euro. S&P 500 - Risers Tesoro Corp. (TSO) $73.29 +2.63% Western Digital Corp. (WDC) $100.75 +2.42% Southwest Airlines Co. (LUV) $35.31 +2.41% Seagate Technology Plc (STX) $64.17 +2.13% Newell Rubbermaid Inc. (NWL) $34.04 +2.13% Actavis plc (ACT) $247.50 +2.12% Avon Products Inc. (AVP) $10.62 +2.12% Newmont Mining Corp. (NEM) $19.12 +1.92% General Growth Properties Inc. (GGP) $26.40 +1.89% Simon Property Group Inc. (SPG) $182.42 +1.79% S&P 500 - Fallers Agilent Technologies Inc. (A) $40.84 -26.11% Diamond Offshore Drilling Inc. (DO) $34.72 -7.93% Laboratory Corporation of America Holdings (LH) $101.23 -7.37% TripAdvisor Inc. (TRIP) $85.21 -3.89% QEP Resources Inc (QEP) $24.22 -3.39% Transocean Ltd. (RIG) $28.87 -3.22% Noble Energy Inc. (NBL) $55.87 -3.05% Noble Corporation plc (NE) $20.31 -2.92% Helmerich & Payne Inc. (HP) $84.29 -2.91% Newfield Exploration Co (NFX) $31.69 -2.82% Dow Jones I.A - Risers Merck & Co. Inc. (MRK) $58.92 +1.69% Microsoft Corp. (MSFT) $47.44 +1.04% American Express Co. (AXP) $90.85 +1.00% Boeing Co. (BA) $126.03 +0.90% Intel Corp. (INTC) $34.31 +0.88% Pfizer Inc. (PFE) $30.19 +0.80% JP Morgan Chase & Co. (JPM) $60.88 +0.66% Nike Inc. (NKE) $93.45 +0.52% Goldman Sachs Group Inc. (GS) $190.83 +0.44% Cisco Systems Inc. (CSCO) $24.57 +0.41% Dow Jones I.A - Fallers Chevron Corp. (CVX) $116.78 -2.64% Exxon Mobil Corp. (XOM) $95.26 -1.50% Home Depot Inc. (HD) $96.09 -1.47% Caterpillar Inc. (CAT) $100.22 -1.17% Travelers Company Inc. (TRV) $99.95 -0.84% United Technologies Corp. (UTX) $106.30 -0.65% General Electric Co. (GE) $25.70 -0.43% E.I. du Pont de Nemours and Co. (DD) $68.88 -0.39% 3M Co. (MMM) $153.30 -0.31% Johnson & Johnson (JNJ) $107.46 -0.30% Nasdaq 100 - Risers Western Digital Corp. (WDC) $100.75 +2.42% Seagate Technology Plc (STX) $64.17 +2.13% Charter Communications Inc. (CHTR) $161.69 +2.08% Nvidia Corp. (NVDA) $19.88 +1.74% Activision Blizzard Inc. (ATVI) $20.30 +1.73% Whole Foods Market Inc. (WFM) $39.95 +1.58% Symantec Corp. (SYMC) $25.20 +1.53% Sirius XM Holdings Inc (SIRI) $3.48 +1.46% Staples Inc. (SPLS) $12.85 +1.34% Apple Inc. (AAPL) $109.40 +1.30% Nasdaq 100 - Fallers TripAdvisor Inc. (TRIP) $85.21 -3.89% Gilead Sciences Inc. (GILD) $109.98 -1.80% Facebook Inc. (FB) $73.88 -1.48% Netflix Inc. (NFLX) $388.41 -1.11% Baidu Inc. (BIDU) $236.47 -0.96% Akamai Technologies Inc. (AKAM) $59.72 -0.96% CH Robinson Worldwide Inc (CHRW) $68.68 -0.77% Check Point Software Technologies Ltd. (CHKP) $73.70 -0.74% Google Inc. (GOOGL) $563.77 -0.72% 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.  Broker Tips Broker tips: HSBC, RBS, Wm Morrison, Rolls-Royce, Just Eat Hargreaves Lansdown Stockbrokers has hailed a "strong operating quarter" for HSBC, but has said that analysts covering the stock remain on the fence due to regulatory issues. "Unfortunately, the provisions cannot be ignored and the ongoing costs of PPI and the forex investigations are also joined by an additional US booking. General cost inflation is another drag on the numbers whilst the company's exposure to the emerging markets is occasionally of concern," Hargreaves said. Investec has downgraded its recommendation for Royal Bank of Scotland from 'hold' to 'sell' despite Friday's well-received third-quarter results, saying that the earnings and returns outlook for the bank is still weak. "It is true that RBS is (by far) the top performing UK bank year-to-date. However it has regularly offered clear (short-term) selling opportunities throughout the year and we believe the strength of Friday's euphoria has just presented another one," Gordon said. Current trading conditions at Wm Morrison are a "worry to our minds", according to analysts at Shore Capital who repeated their 'hold' rating on the stock ahead of the supermarket chain's third-quarter update this week. "We expect Morrison's to continue to report trading that is a little short of grim," said analysts Clive Black and Darren Shirley, adding that the firm is now entering a "critical quarter". Canaccord Genuity has lowered its recommendation and slashed its target for Rolls-Royce, saying it sees "trouble ahead" for the engine maker as some divisions enter a period of slower growth. The broker said it has "tempered our expectations for group earnings progression" after Rolls-Royce downgraded its 2014 and 2015 growth guidance last month. As such, the stock is now rated 'hold' (previously 'buy') and the target has been cut from 1,200p to just 850p. Online takeaway food marketplace Just Eat is growing at an impressive rate, but Peel Hunt reiterated its 'hold' recommendation for the stock on Monday on the back of the company's long-term outlook.   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 Monday, 03 November 2014 17:41:23 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Rebuilding Society Lend to businesses and earn an average yield of 16% Get a £20 head start in this new financial market. Join Today London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Weak Eurozone manufacturing data drag shares lower Weak European manufacturing data dragged London shares lower on Monday despite a rise in the sector’s fortunes in the UK. The Eurozone Markit manufacturing purchasing managers' index (PMI) for October fell to 50.6 from 50.7 previously with both Germany and Italy declining while France improved slightly. British manufacturing PMI broke its recent run of falls, jumping to 53.2 in October from a 17-month low of 51.5 in September, but the recovery was based largely on domestic demand. Although growth of incoming new business accelerated to a three-month high during the month, led by solid gains in new work from domestic clients, new export orders fell for the second straight month. Economists at Capital Economics said: “October’s Markit/CIPS manufacturing survey provided some tentative signs that the sector’s recovery regained some momentum at the beginning of the fourth quarter. However, it will remain up to the services sector to drive overall growth in the near term.” Downbeat corporate news from banks also had an impact on the FTSE 100 Index, which closed 58.5 points adrift at 6487.97. Banks dragged the Footsie lower after a small increase in third quarter profits at HSBC missed City expectations. David Madden at spread-betting firm IG said fines for alleged FX manipulation and more provisions for apparent mis-selling of PPI "goes to show that Europe’s largest bank isn’t without its flaws.” Shares in HSBC dropped 11.6p to 627.9p, Royal Bank of Scotland lost 7.8p to 380.2p and Barclays was off 3.8p at 237p. At the other end of the scale, airlines were leading the risers after good news from Ryanair, which raised its annual profit guidance significantly. Easyjet led the gains with a 40p lift to 1540p, TUI Travel was up 7.4p at 406p and BA and Iberia owner IAG flew higher by 5.1p to 414.3p. Supermarkets were having a good day after a wave of bad news in the last few weeks, with Morrisons up 0.3p to 155.1p ahead of its update on Thursday. Tesco gained 0.15p to 173.75p, but Sainsbury’s backtracked 0.9p to 244.6p. But other retailers were on the slide including Primark owner Associated British Foods, which reports annual results on Tuesday. ABF’s shares were 83p down at 2671p, B&Q and Brico Depot owner Kingfisher reversed 7p to 295.5p and Dixons Carphone dipped 6.3p to 388.9p. Why is now such a good time to invest in US property? Castle Keep are now offering their expertise as US property fund managers to help private investors avoid the pitfalls of investing in an unfamiliar market. Find out for yourself and download their FREE US property investment guide Market Movers techMARK 2,765.74 -0.47% FTSE 100 6,487.97 -0.89% FTSE 250 15,453.15 -0.31% FTSE 100 - Risers easyJet (EZJ) 1,540.00p +2.67% Petrofac Ltd. (PFC) 1,080.00p +1.89% TUI Travel (TT.) 406.00p +1.86% InterContinental Hotels Group (IHG) 2,405.00p +1.52% International Consolidated Airlines Group SA (CDI) (IAG) 414.30p +1.25% WPP (WPP) 1,233.00p +1.23% Carnival (CCL) 2,516.00p +1.13% ITV (ITV) 204.60p +0.79% Hargreaves Lansdown (HL.) 1,000.00p +0.65% ARM Holdings (ARM) 880.50p +0.63% FTSE 100 - Fallers Associated British Foods (ABF) 2,671.00p -3.01% Kingfisher (KGF) 295.50p -2.31% Centrica (CNA) 295.50p -2.31% Standard Life (SL.) 385.10p -2.18% United Utilities Group (UU.) 837.00p -2.05% Royal Bank of Scotland Group (RBS) 380.20p -2.01% SSE (SSE) 1,567.00p -2.00% Weir Group (WEIR) 2,241.00p -1.84% 3i Group (III) 389.70p -1.81% HSBC Holdings (HSBA) 627.90p -1.81% FTSE 250 - Risers Ocado Group (OCDO) 274.30p +10.29% Bwin party Digital Entertainment (BPTY) 97.70p +8.98% AO World (AO.) 180.20p +8.62% Serco Group (SRP) 309.00p +3.80% Kaz Minerals (KAZ) 238.80p +3.74% Betfair Group (BET) 1,253.00p +3.55% Polymetal International (POLY) 530.50p +3.01% Hochschild Mining (HOC) 101.90p +2.98% Ophir Energy (OPHR) 189.90p +2.48% Cairn Energy (CNE) 148.30p +2.21% FTSE 250 - Fallers Just Retirement Group (JRG) 126.00p -5.26% Supergroup (SGP) 803.50p -3.19% Berendsen (BRSN) 980.50p -2.92% Alent (ALNT) 328.60p -2.78% Aveva Group (AVV) 1,494.00p -2.73% Afren (AFR) 75.15p -2.72% Telecom Plus (TEP) 1,374.00p -2.69% COLT Group SA (COLT) 134.50p -2.54% Stagecoach Group (SGC) 377.20p -2.53% International Personal Finance (IPF) 473.90p -2.45% FTSE TechMARK - Risers Puricore (PURI) 31.00p +6.90% Torotrak (TRK) 14.25p +3.64% Promethean World (PRW) 28.38p +3.18% Oxford Biomedica (OXB) 4.08p +1.24% Kofax Limited (DI) (KFX) 394.12p +0.96% RM (RM.) 146.38p +0.95% Consort Medical (CSRT) 721.50p +0.21% FTSE TechMARK - Fallers Optos (OPTS) 227.00p -3.40% Ricardo (RCDO) 646.00p -2.12% NCC Group (NCC) 193.00p -2.03% Skyepharma (SKP) 343.75p -1.93% XP Power Ltd. (DI) (XPP) 1,396.00p -1.62% Vectura Group (VEC) 116.75p -1.48% Anite (AIE) 86.00p -1.43% Dialight (DIA) 851.50p -0.99% Innovation Group (TIG) 26.75p -0.93% SDL (SDL) 390.00p -0.89% UK & Europe Step Down Autocall 2 SG16 is a 6 year investment linked to the FTSE 100 and Euro Stoxx 50 Indices, which aims to generate a gross return of 10% per year (not compounded), and return your initial investment at Maturity, if not before See for yourself, here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks little changed amid batch of manufacturing PMIs European stocks were mixed as investors weighed manufacturing data in China and the Eurozone. HSBC’s Chinese manufacturing purchasing managers’ index (PMI) was confirmed at 50.4 in October, as expected. A reading above 50 signals expansion. China’s non-manufacturing PMI fell to 53.8 in October from 54 a month earlier. The Eurozone PMI was revised lower to 50.6 from 50.7, surprising analysts who predicted an unchanged reading. The UK and the US will also see the release of manufacturing PMIs on Monday. European Central Bank (ECB) officials Carlos Costa, Vitor Constancio, Daniele Nouy and Ewald Nowotny are due to speak later, while Federal Reserve officials Charles Evans and Richard Fisher will also make remarks. Increased M&A activity Portugal Telecom SA rallied after Altice SA offered to buy some assets from Oi SA. Ryanair Holdings gained after raising its full-year profit forecast. Publicis Groupe declined after agreeing to buy Sapient Corp. for $3.7bn. The euro fell 0.22% to $1.2498. Brent crude futures dropped 0.50% to $85.43 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 largely unchanged after Friday's record US were largely unchanged on Monday, as investors awaited several key economic reports on manufacturing and weighed global growth prospects. Just before 10:00 in New York, the Dow Jones Industrial Average was 2.66 points down to 17,387.86, while the S&P 500 lost 0.23 points to 2,017.82 and the Nasdaq was 2.71 points up to 4,160.92. The S&P 500 and the Dow Jones Industrial average surged on Friday to all-time closing highs of 2,018 and 17,391 respectively, with investors buoyed by an unexpected increase to Japan's monetary-easing programme. "The S&P 500 was looking a little exposed at all-time highs having skyrocketed higher on Friday [...] but disappointing Chinese and European manufacturing data now look set to bring stocks back down to earth on Monday," said Jasper Lawler, analyst at CMC Markets. The government's official Chinese manufacturing purchasing managers' index (PMI) unexpectedly declined from 51.1 to a five-month low of 50.8, while the non-manufacturing PMI fell from 54 to a nine-month low of 53.8. Meanwhile, the final reading of Markit's Eurozone manufacturing PMI for October was revised to 50.6, up from 50.3 in September but down from the initial estimate of 50.7. In corporate news, Sapient surged after French advertising group Publicis SA announced a $3.7bn all-cash deal to buy the US firm. Geron soared after the US Food and Drug Administration removed its hold on the pharmaceutical firm's new drug research application for imetelstat, which is focused on myeloid malignancies. Covance rose sharply after Laboratory Corp. of America Holdings announced it would buy the firm in a $5.6bn cash and stock deal. American Realty Capital Properties tumbled following news that the Federal Bureau of Investigation has opened a criminal probe into accounting errors at the real estate investment trust. The yield on the 10-year US Treasury note was stable at 2.34%, while the 30-year note was unchanged at 3.06 and the five-year Treasuries advanced one basis point to 1.62. Gold futures slid back slightly to $1,169.90, while West Texas intermediate and Brent crude were largely unchanged, trading at just over $80.5 and just under $86 respectively. The Share Centre Trade Online – Just £7.50 Per Deal Fix Your Dealing Commission Now Simply Easier (Capital at Risk) Broker Tips Broker tips: HSBC, RBS, Wm Morrison, Rolls-Royce, Just Eat Hargreaves Lansdown Stockbrokers has hailed a "strong operating quarter" for HSBC, but has said that analysts covering the stock remain on the fence due to regulatory issues. "Unfortunately, the provisions cannot be ignored and the ongoing costs of PPI and the forex investigations are also joined by an additional US booking. General cost inflation is another drag on the numbers whilst the company's exposure to the emerging markets is occasionally of concern," Hargreaves said. Investec has downgraded its recommendation for Royal Bank of Scotland from 'hold' to 'sell' despite Friday's well-received third-quarter results, saying that the earnings and returns outlook for the bank is still weak. "It is true that RBS is (by far) the top performing UK bank year-to-date. However it has regularly offered clear (short-term) selling opportunities throughout the year and we believe the strength of Friday's euphoria has just presented another one," Gordon said. Current trading conditions at Wm Morrison are a "worry to our minds", according to analysts at Shore Capital who repeated their 'hold' rating on the stock ahead of the supermarket chain's third-quarter update this week. "We expect Morrison's to continue to report trading that is a little short of grim," said analysts Clive Black and Darren Shirley, adding that the firm is now entering a "critical quarter". Canaccord Genuity has lowered its recommendation and slashed its target for Rolls-Royce, saying it sees "trouble ahead" for the engine maker as some divisions enter a period of slower growth. The broker said it has "tempered our expectations for group earnings progression" after Rolls-Royce downgraded its 2014 and 2015 growth guidance last month. As such, the stock is now rated 'hold' (previously 'buy') and the target has been cut from 1,200p to just 850p. Online takeaway food marketplace Just Eat is growing at an impressive rate, but Peel Hunt reiterated its 'hold' recommendation for the stock on Monday on the back of the company's long-term outlook.   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 Monday, 03 November 2014 09:52:36 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Trendsignal Your complimentary trading guide Make a consistent income with this simple trading strategy. For your free guide click here. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: UK stocks fluctuate at four-week high on China data, HSBC results UK stocks opened cautiously on Monday, with upside limited by disappointing economic data from China and poorly-received results from HSBC after the banking group reported a drop in underlying third-quarter profits. The FTSE 100 was 0.1% higher at 6,554 in early deals, after having closed Friday's session at 6,546.47, its best finish since 6 October. According to Mike van Dulken, head of research at Accendo Markets, the FTSE 100 "remains above the breakout level of 6,500 which should serve as support for any weakness". Separate surveys on China's manufacturing activity released over recent days have added to worries about a slowdown in growth in October. The government's official China manufacturing purchasing managers' index (PMI) unexpectedly declined from 51.1 to a five-month low of 50.8, while the final estimate of HSBC's own survey showed that growth - as measured by figures over 50 - was subdued at 50.4, unchanged from the flash reading last week. Economist Julian Evans-Pritchard from Capital Economics said that the data "is consistent with cooling domestic demand and a further slowdown in growth going into the fourth quarter". Meanwhile, the official China non-manufacturing PMI also fell from 54 to 53.8 last month, its lowest since February. Data from elsewhere is also likely to be closely watched on Monday; the Markit Eurozone and UK manufacturing PMIs are due out in morning trade, while the ISM US manufacturing index is scheduled for release in the afternoon. HSBC disappoints, airlines rise HSBC's share price slipped after the company reported a 12% drop in underlying pre-tax profit in the third quarter to $4.41bn on the back of a number of "significant items". These included customer redress for mis-sold PPI, a charge for a US housing probe and provisions for an investigation into alleged currency-rate rigging. Reported revenues were 5% higher at $15.8bn, but broadly unchanged on an underlying basis. Airline stocks were performing well in early trading after Irish low-cost carrier Ryanair lifted its annual profit guidance by nearly 20% after a jump in winter bookings. Easyjet and IAG were also in demand. Mining stocks were mostly weaker with Fresnillo, Glencore, Angofagasta and Rio Tinto among the worst performers as investors reacted to the disappointing data from China. Glencore was also being affected by a ratings downgrade from Nomura to 'reduce'. Anglo American, however, edged higher after it was reported over the weekend that X2 Resources had made a bid for Anglo's Chilean copper mines, Brazilian nickel mines and some coal projects. X2 Resources is run by Mick Davis, the former boss of Xstrata. Market Movers techMARK 2,785.29 +0.23% FTSE 100 6,553.69 +0.11% FTSE 250 15,532.69 +0.20% FTSE 100 - Risers easyJet (EZJ) 1,538.00p +2.53% Petrofac Ltd. (PFC) 1,084.00p +2.26% Standard Chartered (STAN) 955.40p +1.68% Tullow Oil (TLW) 492.80p +1.44% ITV (ITV) 205.60p +1.28% International Consolidated Airlines Group SA (CDI) (IAG) 414.30p +1.25% Morrison (Wm) Supermarkets (MRW) 156.70p +1.23% Intertek Group (ITRK) 2,751.00p +1.07% Meggitt (MGGT) 455.80p +1.04% Rolls-Royce Holdings (RR.) 851.50p +1.01% FTSE 100 - Fallers Royal Bank of Scotland Group (RBS) 382.70p -1.37% Royal Mail (RMG) 435.70p -1.25% United Utilities Group (UU.) 845.00p -1.11% Centrica (CNA) 299.40p -1.02% G4S (GFS) 253.10p -0.94% SSE (SSE) 1,585.00p -0.88% National Grid (NG.) 918.00p -0.86% Lloyds Banking Group (LLOY) 76.50p -0.82% Severn Trent (SVT) 1,980.00p -0.80% Burberry Group (BRBY) 1,520.00p -0.72% FTSE 250 - Risers Ferrexpo (FXPO) 87.25p +3.68% Centamin (DI) (CEY) 52.85p +3.22% EnQuest (ENQ) 71.55p +3.10% Just Eat (JE.) 315.60p +2.60% Cairn Energy (CNE) 148.80p +2.55% Betfair Group (BET) 1,240.00p +2.48% Bwin party Digital Entertainment (BPTY) 91.70p +2.29% Riverstone Energy Limited (RSE) 857.00p +2.27% Ophir Energy (OPHR) 189.50p +2.27% Vedanta Resources (VED) 840.50p +2.25% FTSE 250 - Fallers Aveva Group (AVV) 1,480.00p -3.65% Fidessa Group (FDSA) 2,285.00p -2.39% Alent (ALNT) 330.00p -2.37% Infinis Energy (INFI) 211.00p -2.22% Saga (SAGA) 164.50p -2.02% Spire Healthcare Group (SPI) 275.50p -1.61% Entertainment One Limited (ETO) 308.70p -1.44% Computacenter (CCC) 611.00p -1.37% Telecity Group (TCY) 760.50p -1.30% Why is now such a good time to invest in US property? 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Find out for yourself and download their FREE US property investment guide UK Event Calendar INTERIMS Sacoil Holdings (DI) INTERIM DIVIDEND PAYMENT DATE Fisher (James) & Sons, Inspired Energy, Journey Group, Mears Group, Safestyle UK QUARTERLY PAYMENT DATE Verizon Communications INTERNATIONAL ECONOMIC ANNOUNCEMENTS Auto Sales (US) (15:00) Construction Spending (US) (15:00) ISM Manufacturing (US) (15:00) ISM Prices Paid (US) (15:00) PMI Manufacturing (EU) (09:00) GMS Hibernia Reit IMSS HSBC Holdings, Telecity Group SPECIAL DIVIDEND PAYMENT DATE GVC Holdings EGMS New World Resources A Shares AGMS Plutus PowerGen FINAL DIVIDEND PAYMENT DATE CPL Resources, Smith (DS), WYG   UK & Europe Step Down Autocall 2 SG16 is a 6 year investment linked to the FTSE 100 and Euro Stoxx 50 Indices, which aims to generate a gross return of 10% per year (not compounded), and return your initial investment at Maturity, if not before See for yourself, here Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks little changed amid batch of manufacturing PMIs European stocks were mixed as investors weighed manufacturing data in China and the Eurozone. HSBC’s Chinese manufacturing purchasing managers’ index (PMI) was confirmed at 50.4 in October, as expected. A reading above 50 signals expansion. China’s non-manufacturing PMI fell to 53.8 in October from 54 a month earlier. The Eurozone PMI was revised lower to 50.6 from 50.7, surprising analysts who predicted an unchanged reading. The UK and the US will also see the release of manufacturing PMIs on Monday. European Central Bank (ECB) officials Carlos Costa, Vitor Constancio, Daniele Nouy and Ewald Nowotny are due to speak later, while Federal Reserve officials Charles Evans and Richard Fisher will also make remarks. Increased M&A activity Portugal Telecom SA rallied after Altice SA offered to buy some assets from Oi SA. Ryanair Holdings gained after raising its full-year profit forecast. Publicis Groupe declined after agreeing to buy Sapient Corp. for $3.7bn. The euro fell 0.22% to $1.2498. Brent crude futures dropped 0.50% to $85.43 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: Markets soar amid BoJ stimulus US stocks soared on Friday, as the Dow Jones Industrials hit a new all-time intra-day record, with investors buoyed by an unexpected boost to stimulus from the Bank of Japan. The Dow Jones Industrial Average closed points 195.10 up to 17,390.52, while the S&P 500 rose 23.40 points to 2,018.05 and the Nasdaq was 57.57 points higher to 4,158.21. Japan's Government Pension Investment Fund announced it will put half of its holdings in local and foreign stocks, doubling previous levels, and invest in alternative assets. The Bank of Japan raised its annual target for monetary expansion to 80trn yen ($724bn) from 70trn yen. The US employment cost index (ECI) was stronger than expected and rose 0.7% from the previous three months in the third quarter, exceeding analysts' consensus of 0.5%, while the year-on-year increase came in at 2.2%. Growth in wages and salaries printed at 0.8%, continuing the steady upward trend in place since the first quarter, when wages and salaries only increased 0.3% from the previous three months. "Government sector employment costs are growing at a slightly slower, but still solid pace of 0.5% quarter-on-quarter and 2.1% year-on-year," Barclays analysts said in a note. "We continue to expect wage growth to rise gradually this year, reflecting continued improvement in the labour market and a reduction in labour market slack." US personal spending fell 0.2% in nominal terms in September, lower than analysts' expectations of 0.1%. The personal consumption expenditures (PCE) price index rose 0.1% month-on-month on both overall and core measures, leaving the two parameters up 1.4% and 1.5% year-on-year, respectively. In corporate news, Linkedin rose 12.84% after better-than-expected sales, while Gopro soared 12.97% after its prediction for fourth-quarter profit surpassed analysts' projections. Starbucks slid 2.28% after announcing later on Thursday that its fourth quarter revenue missed estimates, while Apple opened at an-all time high of $108.01. Gold futures slid to $1,172.80, a level not seen since 2010, as the dollar surged forward following a surprise stimulus move from the Bank of Japan. The greenback gained over 2.5 percentage points on the yen and it also registered smaller gains against the euro and the pound. West Texas intermediate and Brent crude both fell, trading at just over $80 and just under $86 a barrel respectively. The yield on the 10-year US Treasury note rose three basis points to 2.33%, while the yield on the 30-year note advanced one basis point to 3.06 and the five-year Treasuries rose three basis points to 1.61. S&P 500 - Risers Eastman Chemical Co. (EMN) $80.78 +6.61% PPG Industries Inc. (PPG) $203.69 +5.90% Analog Devices Inc. (ADI) $49.62 +5.57% EQT Corp. (EQT) $94.04 +5.56% Expedia Inc. (EXPE) $84.97 +5.25% Priceline Group Inc (PCLN) $1,206.21 +5.20% First Solar Inc. (FSLR) $58.90 +4.99% Microchip Technology Inc. (MCHP) $43.11 +4.92% Borg Warner Inc. (BWA) $57.02 +4.87% Tesoro Corp. (TSO) $71.41 +4.86% S&P 500 - Fallers Newmont Mining Corp. (NEM) $18.76 -7.72% Crown Castle International (CCI) $78.12 -6.15% Newell Rubbermaid Inc. (NWL) $33.33 -4.64% Mead Johnson Nutrition Co. (MJN) $99.31 -4.11% Republic Services Inc. (RSG) $38.40 -3.52% Diamond Offshore Drilling Inc. (DO) $37.71 -2.43% Starbucks Corp. (SBUX) $75.56 -2.28% Gilead Sciences Inc. (GILD) $112.00 -1.94% Discovery Communications Inc. Class A (DISCA) $35.35 -1.64% American Tower Corp (Reit) (AMT) $97.50 -1.42% Dow Jones I.A - Risers Intel Corp. (INTC) $33.99 +4.33% Exxon Mobil Corp. (XOM) $96.71 +2.39% Chevron Corp. (CVX) $119.95 +2.35% E.I. du Pont de Nemours and Co. (DD) $69.15 +2.20% Visa Inc. (V) $241.43 +2.02% Microsoft Corp. (MSFT) $46.95 +1.95% JP Morgan Chase & Co. (JPM) $60.48 +1.84% Cisco Systems Inc. (CSCO) $24.47 +1.62% Goldman Sachs Group Inc. (GS) $189.99 +1.62% American Express Co. (AXP) $89.95 +1.36% Dow Jones I.A - Fallers Wal-Mart Stores Inc. (WMT) $76.27 -0.24% Nike Inc. (NKE) $92.97 -0.03% Nasdaq 100 - Risers Analog Devices Inc. (ADI) $49.62 +5.57% Expedia Inc. (EXPE) $84.97 +5.25% Priceline Group Inc (PCLN) $1,206.21 +5.20% Nxp Semiconductors Nv (NXPI) $68.66 +4.97% Avago Technologies Ltd. (AVGO) $86.25 +4.69% Nvidia Corp. (NVDA) $19.54 +4.55% Texas Instruments Inc (TXN) $49.66 +4.48% Seagate Technology Plc (STX) $62.83 +4.46% Intel Corp. (INTC) $33.99 +4.33% Sandisk Corp. (SNDK) $94.14 +4.24% Nasdaq 100 - Fallers Starbucks Corp. (SBUX) $75.56 -2.28% Gilead Sciences Inc. (GILD) $112.00 -1.94% Sba Communications Corp. (SBAC) $112.33 -1.81% Discovery Communications Inc. Class A (DISCA) $35.35 -1.64% Alexion Pharmaceuticals Inc. (ALXN) $191.36 -0.81% Illumina Inc. (ILMN) $192.51 -0.47% Twenty-First Century Fox Inc Class A (FOXA) $34.48 -0.23% Henry Schein Inc. (HSIC) $119.97 -0.20% Ross Stores Inc. (ROST) $80.72 -0.14% The Share Centre Trade Online – Just £7.50 Per Deal Fix Your Dealing Commission Now Simply Easier (Capital at Risk) Newspaper Round Up Monday newspaper round-up: Tesco, Boardroom diversity, Britain in the EU... Sir Terry Leahy, the former boss of Tesco, told analysts in a private call last week that the supermarket group had forgotten its sense of purpose before running into trouble, reports The Times. He said Tesco had "focused too much on what it isn't, rather than remembering what it is and working with that". Vince Cable, the UK business secretary, is planning to reduce the increase the ethnic diversity in boardrooms of the country's largest companies, writes The Guardian. The target, welcomed by the Institute of Directors and expected to be announced next month, aims to have one in five directors of FTSE 100 firms come from an ethnic minority within five years. Angela Merkel is said to have warned David Cameron that any attempt to restrict immigration from EU nations will lead to Germany withdrawing its support for efforts to keep Britain as a member state, the Financial Times reports. A survey by the Confederation of British Industry (CBI) has found that 96% of business leaders believe political uncertainty is discouraging investment on infrastructure in Britain, says The Guardian. The CBI has called for politicians to make big decisions on infrastructure that go beyond the five-year electoral cycle. The Financial Times says that RBS has signed a "poacher-turned-gamekeeper" agreement to advise the City of London Police on financial crime, which may come to a surprise to many given the bank's unresolved litigation issues. Employment law rulings due out this week could claims that employees have been underpaid for annual statutory leave for years, according to The Times. The rulings could land businesses bills of billions of pounds and could force them to lift holiday pay by including a calculation on voluntary overtime and commissions, the paper said. French ad giant Publicis is to spend $3.7bn in cash on US consultancy firm Sapient as it expends in the higher-tech side of the marketing and consultancy industry, the Financial Times reports.   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