Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Tuesday, 02 June 2015 10:21:34 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: ADS Securities Trade on ADS MT4 Plus for FREE Financing on Equity and Index Trades Until June 30th Apply Now  London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks start lower with the focus on Greece Stocks have begun the morning lower following reports of a secret meeting between Greece's representatives from several of Greece's creditors to thrash out a common approach in negotiations with Greece. As of 08:52 the Footsie was lower by 2.5 points to 6,951.08 points. According to the Financial Times an emergency summit took place between German Chancellor Angela Merkel, French President Francois Hollande, the EU's Jean Claude Juncker, the IMF's Christine Lagarde and the ECB's Mario Draghi. "The lack of any other material news however, specifically around the key sticking points holding up progress, may well disappoint markets this morning," Deutsche Bank wrote in a research note e-mailed to clients. Tuesday's main talking points in the economic arena were expected to be the release of preliminary Eurozone consumer price figures for May and the latest US factory orders and vehicle sales data. Acting as a backdrop, overnight the Reserve Bank of India cut its main policy rate for the third time this year, by 25 basis points to reach 7.25%, despite increased expectations for a Fed rate hike later in 2015. As expected, the Reserve bank of Australia kept its cash rate unchanged at 2%. Data on US factory orders and new vehicle sales are due out later in the day. The dollar/yen reached 125 last night, for the first time since 2002. Strong dollar puts a spring in Wolseley's step Wolseley registered a sharp rise in quarterly profits boosted by favourable tailwinds form the currency market, although management expects a slight slowdown in sales. The heating and plumbing products distributor, which has a large exposure to the US market, reported a 16.6% increase in revenues for the third quarter of its fiscal year to reach £3,301m. HSBC is reportedly planning to cut thousands of jobs across its global workforce as it tries to reassure shareholders that its focus on costs remains undiminished after a series of reputational crises. According to Sky News, HSBC's chief executive Stuart Gulliver will set out a revised target for headcount at the investor day next week that will be implemented by the end of 2017. A class-action lawsuit in Canada has ruled that British American Tobacco and two other cigarette makers should pay a combined C$15.6bn (£8.2bn) to smokers in "moral and punitive damages", the largest legal award in Canadian history. Final results from online white good retailer AO World revealed a £2.9m loss before tax that was largely expected and said the although the UK market remained challenging it was taking market share. For the year to 31 March, the FTSE 250 company lifted revenues 24% to £476.7m, with website sales in the UK up 32.9% and total UK revenue up 22.3%. British Land is scheduled to launch a £350m senior, unsecured convertible bonds offering due 2020. The company plans to use the net proceeds to fund the £210m acquisition of One Sheldon Square, Paddington Central in April 2015, the £135m acquisition of Surrey Quays Leisure Park, Canada Water in March 2015 and to fund committed development spending. London-listed asset manager Henderson Group said on Tuesday that it has acquired Perennial Fixed Interest Partners Pty and Perennial Growth Management Pty from IOOF Holdings, which have combined assets under management of £5.5bn Is Now The Time To Buy Gold, Silver & Palladium? Receive Our Free Precious Metals Investor Guide Trio Click Here Market Movers techMARK 3,317.86 +0.18% FTSE 100 6,948.35 -0.08% FTSE 250 18,270.39 +0.28% FTSE 100 - Risers Wolseley (WOS) 4,154.00p +3.36% Intertek Group (ITRK) 2,554.00p +1.19% CRH (CRH) 1,824.00p +1.11% Antofagasta (ANTO) 751.00p +1.08% Ashtead Group (AHT) 1,162.00p +0.96% International Consolidated Airlines Group SA (CDI) (IAG) 565.00p +0.80% Carnival (CCL) 3,190.00p +0.76% Shire Plc (SHP) 5,650.00p +0.71% Anglo American (AAL) 1,009.00p +0.60% TUI AG Reg Shs (DI) (TUI) 1,164.00p +0.60% FTSE 100 - Fallers British American Tobacco (BATS) 3,530.00p -1.74% Imperial Tobacco Group (IMT) 3,264.00p -1.27% Standard Chartered (STAN) 1,017.50p -1.07% Sainsbury (J) (SBRY) 245.80p -0.89% Associated British Foods (ABF) 2,976.00p -0.83% Coca-Cola HBC AG (CDI) (CCH) 1,416.00p -0.70% Intu Properties (INTU) 331.60p -0.69% Old Mutual (OML) 217.00p -0.69% Tesco (TSCO) 208.45p -0.64% United Utilities Group (UU.) 992.50p -0.55% FTSE 250 - Risers Cairn Energy (CNE) 179.20p +4.19% Premier Oil (PMO) 160.20p +2.56% Daejan Holdings (DJAN) 5,735.00p +2.41% Rank Group (RNK) 210.70p +2.23% NMC Health (NMC) 779.50p +1.96% Enterprise Inns (ETI) 131.50p +1.78% Spirax-Sarco Engineering (SPX) 3,565.00p +1.71% Synergy Health (SYR) 1,844.00p +1.71% Ladbrokes (LAD) 121.10p +1.59% Melrose Industries (MRO) 269.40p +1.51% FTSE 250 - Fallers AO World (AO.) 168.00p -4.65% Infinis Energy (INFI) 179.00p -3.24% Foxtons Group (FOXT) 277.00p -2.64% Nostrum Oil & Gas (NOG) 542.50p -2.60% Amec Foster Wheeler (AMFW) 906.00p -1.58% Renishaw (RSW) 2,456.00p -1.44% Centamin (DI) (CEY) 68.60p -1.29% Jimmy Choo (CHOO) 170.00p -1.11% Card Factory (CARD) 371.00p -1.07% UK Event Calendar Tuesday 02 June INTERIMS RWS Holdings QUARTERLY EX-DIVIDEND DATE Schlumberger Ltd. INTERNATIONAL ECONOMIC ANNOUNCEMENTS Auto Sales (US) (15:00) Factory Orders (US) (15:00) Goods Orders (US) (15:00) International Reserves (EU) (11:00) Producer Price Index (EU) (10:00) Unemployment Rate (GER) (08:55) GMS Entu (UK) FINALS Acal, B.P. Marsh & Partners, First Derivatives, Fulcrum Utility Services Ltd. (DI), LondonMetric Property, OPG Power Ventures, Synergy Health AGMS Bagir Group Ltd. (DI), Gem Diamonds Ltd. (DI), OneSavings Bank, Safestay, Seplat Petroleum Development Company (DI), WANdisco TRADING ANNOUNCEMENTS Amec Foster Wheeler UK ECONOMIC ANNOUNCEMENTS Consumer Credit (09:30) M4 Money Supply (09:30) M4 Sterling Lending (09:30) Mortgage Approvals (09:30) PMI Construction (09:30) FINAL DIVIDEND PAYMENT DATE Dialight, London Stock Exchange Group Trade online for just £3.95* until 31 July Better price, Better tools,  Better platform,  Better trading - TD Direct Investing. Find out more You may not get back all the money you invest. *Terms apply Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks slip in tight range as worries about Greece persist European stocks nudged lower, giving up small early gains and trading in a tight range, with investors concerned about the lack of progress on Greece, as they looked to the release of eurozone inflation data. By 0855 BST, the benchmark Stoxx Europe 600 index and Germany's DAX were down 0.4%, while France's CAC 40 was 0.1% lower. An emergency meeting about Greece took place in Berlin on Monday night between key creditors, including International Monetary Fund chief Christine Lagarde, European Central Bank President Jean-Claude Juncker, French President Francois Hollande and German chancellor Angela Merkel. It was agreed that they would work with "real intensity" to reach a deal with Athens in the coming days, but overall, it would seem the talks did not yield anything substantial. "The focus today will continue to be once again on Greece," said Markus Huber, senior analyst at Peregrine & Black. "While no real progress is expected, comments by politicians still have the potential to rattle markets in the short - term. Furthermore, time might be running out for Greece but only few doubt that the Greek government won't repay the IMF this coming Friday, meaning negotiations could easily drag on for a few more weeks, keeping a majority of investors on the sidelines with increased uncertainty continuing for now." "The question will be just how long creditors will be willing to stay on the negotiation table without any real chance of progress making a 'take it or leave it offer' at some stage very likely," added Huber. As well as Greece, questions over the timing of an interest-rate hike by the Federal Reserve remained on investors' minds, particularly following Monday's strong US manufacturing report which has underpinned expectations that the Fed will begin raising rates this year. On the corporate front, Saint-Gobain was in focus after the company said it was reinforcing its presence in Vietnam by increasing its shareholding in Vinh Tuong Industrial Corp. Shares in Novartis edged higher after data showed that its secukinumab drug improves the signs and symptoms of AS disease activity through one year of treatment, confirming previous findings. In London, Wolseley added nearly 2% after it posted a 12.4% rise in quarterly revenue. HSBC was in the spotlight amid media reports that it is planning to cut thousands more jobs across its global workforce as it tries to reassure shareholders that its focus on costs remains undiminished after a series of reputational crises. Free Expert Signals & Exclusive Bonus It’s common knowledge that successful trading requires being connected to professional analysts. Sunbird FX is excited to offer you FREE market signals today with your registration, and exclusively for ADVFN users an added 30% start up bonus Click here to get started! US Market Report US close: Stocks edge higher after mixed economic data US stocks edged slightly higher on Monday, as investors digested a raft of mixed economic data The Dow Jones Industrial Average closed up 26.96 points to 18,037.64, while the S&P 500 and the Nasdaq gained four and 14 points respectively. Monday data US personal incomes increased at a 0.4% month-on-month in April, according data from the Department of Commerce showed, against expectations for a 0.3% increase. Spending as measured by personal consumption expenditures was flat in comparison with the prior month against consensus for a 0.1% increase. "We continue to expect consumer spending to bounce back and Tuesday's vehicle sales should confirm our view of sharply stronger consumption in May," analysts at Barclays said in a note. In year-on-year terms, the gauge for personal consumption expenditures advanced by just 0.1% against expectations for 0.2% rise, while the core rate for the PCE index edged lower to 1.2% from 1.3% in March. "We expect goods prices to be a very modest drag on PCE as the pass through from the lower imported inflation on goods prices seems to be more measured than initially expected," analysts at Barclays added. "This, coupled with continued strength from services prices, will likely keep underlying price pressures firm in the coming months, in our view." US construction spending jumped in April driven by large gains in both private and public sector outlays, as spending rose 2.2% month-on-month to reach $1.01trn, according to the Department of Commerce against expectations for a rise of 0.7%. Private sector construction spending rose 1.8% month-on-month hitting $725.2bn, while in the public sector it grew 3.3% to reach $280.9bn. Meanwhile, the Institute for Supply's Management manufacturing index exceeded expectations in May, rising 1.3% month-on-month to 52.8% last month, marginally higher than the 51.8% reading analysts had expected. Fed warning Stanley Fischer, the vice chairman of the Federal Reserve, said the US central bank should not rule out using monetary policy to fight financial instability. "Regulations have been strengthened and the bankers' backlash is both evident and making headway," Fischer said at the International Monetary Conference in Toronto. In company news, tech giant Intel shed 1.61% as it announced a $16.7bn deal to acquire semiconductor producer Altera, whose shares surged 5.79%. OM Group surged 28.26% after the diversified-industrial company agreed to be bought by units of private-equity firm Apollo Global Management LLC for $34 a share in cash. The dollar jumped 0.59% against the pound and 0.30% against the euro and 0.48% against the yen, while gold futures gained 0.02% to $1,190.00. Oil prices were mixed, with West Texas Intermediate gaining 0.03% to $60.32 a barrel, while Brent shed 0.85% to $65.01 a barrel. S&P 500 - Risers Humana Inc. (HUM) $215.01 +14.68% Altera Corp. (ALTR) $51.68 +5.79% Delta Airlines Inc. (DAL) $44.35 +3.33% Intuitive Surgical Inc. (ISRG) $502.18 +2.96% Bristol-Myers Squibb (BMY) $66.51 +2.96% Dollar Tree Inc (DLTR) $76.98 +2.65% Kansas City Southern (KSU) $92.52 +2.23% Intuit Inc. (INTU) $106.42 +2.17% Southwest Airlines Co. (LUV) $37.85 +2.16% CIGNA Corp. (CI) $143.86 +2.09% S&P 500 - Fallers Peabody Energy Corp. (BTU) $3.10 -8.28% Denbury Resources Inc. (DNR) $7.03 -4.61% Genworth Financial Inc. (GNW) $7.72 -2.77% Juniper Networks Inc. (JNPR) $27.06 -2.71% Broadcom Corp. (BRCM) $55.47 -2.44% Wynn Resorts Ltd. (WYNN) $98.29 -2.38% Mondelez International Inc. (MDLZ) $40.69 -2.16% Murphy Oil Corp. (MUR) $42.52 -2.16% United States Steel Corp. (X) $23.88 -2.13% Noble Corporation plc (NE) $16.40 -2.09% Dow Jones I.A - Risers E.I. du Pont de Nemours and Co. (DD) $71.64 +0.89% Microsoft Corp. (MSFT) $47.24 +0.81% Goldman Sachs Group Inc. (GS) $207.76 +0.76% Visa Inc. (V) $69.11 +0.63% Wal-Mart Stores Inc. (WMT) $74.71 +0.59% Procter & Gamble Co. (PG) $78.85 +0.59% Walt Disney Co. (DIS) $110.96 +0.53% Boeing Co. (BA) $141.25 +0.52% JP Morgan Chase & Co. (JPM) $66.08 +0.46% International Business Machines Corp. (IBM) $170.18 +0.31% Dow Jones I.A - Fallers Intel Corp. (INTC) $33.90 -1.61% Pfizer Inc. (PFE) $34.56 -0.55% Verizon Communications Inc. (VZ) $49.22 -0.44% Cisco Systems Inc. (CSCO) $29.18 -0.44% Chevron Corp. (CVX) $102.63 -0.36% American Express Co. (AXP) $79.47 -0.31% Unitedhealth Group Inc. (UNH) $119.86 -0.31% Merck & Co. Inc. (MRK) $60.75 -0.23% Johnson & Johnson (JNJ) $100.02 -0.12% United Technologies Corp. (UTX) $117.03 -0.12% Nasdaq 100 - Risers Altera Corp. (ALTR) $51.68 +5.79% Sba Communications Corp. (SBAC) $115.14 +2.98% Intuitive Surgical Inc. (ISRG) $502.18 +2.96% Dollar Tree Inc (DLTR) $76.98 +2.65% Intuit Inc. (INTU) $106.42 +2.17% Baidu Inc. (BIDU) $201.56 +2.11% eBay Inc. (EBAY) $62.56 +1.96% Xilinx Inc. (XLNX) $48.33 +1.92% Dish Network Corp. (DISH) $72.07 +1.81% Micron Technology Inc. (MU) $28.42 +1.75% Nasdaq 100 - Fallers Broadcom Corp. (BRCM) $55.47 -2.44% Wynn Resorts Ltd. (WYNN) $98.29 -2.38% Mondelez International Inc. (MDLZ) $40.69 -2.16% Intel Corp. (INTC) $33.90 -1.61% Akamai Technologies Inc. (AKAM) $75.23 -1.36% Express Scripts Holding Co (ESRX) $86.00 -1.31% Vimpelcom Ltd Ads (VIP) $6.13 -1.29% Vertex Pharmaceuticals Inc. (VRTX) $126.80 -1.16% Maxim Integrated Products Inc. (MXIM) $34.67 -1.14% Apply with ETX Capital Receive a welcome bonus on your first deposit up to 60% (T & C’s apply) Losses can exceed deposits Newspaper Round Up Tuesday newspaper round-up: Greece, British American Tobacco, HSBC Greek banks are at "five minutes to midnight", Germany's Bundesbank has warned, raising the prospect of capital controls to stem a haemorrhage of deposits if the government cannot strike a deal with creditors imminently. Andreas Dombret, an executive board member of the German central bank, urged negotiators to thrash out a deal before the Friday deadline for a €310m loan repayment to the International Monetary Fund. - The Times British American Tobacco has been ordered to pay CAD$10.5bn (£5.5bn) to nearly 1m smokers who claimed they were never warned about the health risks. A Canadian court found Imperial Tobacco Canada, which is owned by London-based BAT, Rothmans Benson & Hedges and JTI-MacDonald liable for moral and punitive damages. - The Daily Telegraph HSBC is poised to unveil plans to cut thousands more jobs in its international empire as the scandal-hit lender struggles to knock its business back into shape. The global giant, which is reeling from allegations it helped clients dodge tax in Swiss bank accounts, is expected to make the announcement at its investor day on June 9, Sky News reports. - The Daily Mail US dealmaking hit a monthly record in May, surpassing the highs seen during the peak of the dotcom bubble and the zenith of the debt boom that led to the 2008 crisis. The overall value of deals in US bound mergers and acquisitions activity amounted to $24.3bn in May compared to $226bn during the same month in 2007 and $213bn in January 2000. - Financial Times Downing Street has reaffirmed its commitment to spend 2% of GDP on defence in 2015-16 but come under fire for fudging the figures so it could spend £1bn less than 2% and still technically hit the target. - Financial Times   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

ADVFN Newsdesk - Markets on Track For Rebound on M&A news and Mixed Data

ADVFN  World Daily Markets Bulletin Daily world financial news Monday, 01 June 2015 11:30:34    Monitor Quote Charts News Toplists Forex Boards   Sponsored by: VectorVest How to Analyze Any Stock in 30 Seconds (or Less) BUY, SELL or HOLD? Knowing which stocks to buy can be tough. But armed with the right tools, you can easily separate the winners from the losers. Watch this short video to see how fast and easy it can be to analyze your stocks and manage your portfolio! Watch This Video  US Market NYSE AMEX Dow Jones Nasdaq Please click on the images to view our interactive charts The major U.S. index futures are pointing to a higher opening on Monday, with sentiment suggesting strength after the declines of the previous two sessions. An economic report released short while ago showed that personal income grew more than expected but personal spending unexpectedly stagnated. The dollar has turned mixed and commodities are weaker. A few M & A announcements of the day could also offer encouragement. The markets may also track the manufacturing activity data due to be released shortly after the markets open and a Fed speech due for the day. U.S. stocks ended mixed yet again in the week ended May 29th, with the Dow Industrials and the S&P 500 Index retreating, while the Nasdaq Composite moved to the upside. The markets reacted to mixed U.S. economic data even as Greek default worries remained an overhang on the markets. Last Tuesday, when the markets opened after the Memorial Day holiday on Monday, the major averages retreated sharply, weighed down by Greek debt worries and domestic rate hike concerns following the release of strong data on new home sales, consumer confidence and durable goods orders data. The major averages all fell over 1 percent each. Bargain hunting generated some strength on Wednesday, sending the major averages higher in the session. The Nasdaq Composite ended at a fresh closing high. The markets reversed course on Thursday, ending the session modestly lower, although off their worst levels of the day. Data showing a contraction in U.S. economic activity and weak regional manufacturing activity data pressured stocks on Friday and the major averages retreated moderately in the session. For the holiday-shortened week ended May 29th, the Dow Industrials and the S&P 500 Index fell 1.21 and 0.88 percent, respectively, while the Nasdaq Composite edged up 0.17 percent. Among the sectors, the Philadelphia Oil Service Sector Index fell 4.15 percent for the week, while the Dow Jones Transportation Average and the NYSE Arca Gold Bugs Index fell over 2 percent each. On the other hand, the Philadelphia Semiconductor Index rallied 3.50 percent. Cash In Every Week For Life With This One Simple Trick Most investors don't know this yet, but there is a simple trading technique where you can pocket cash every week.  On June 3rd, I am holding a special free live event where I will be showing you exactly how it works.  If you like money, and want some more of it, don't miss this event. Registration Is Free But Limited...Reserve Your Space Today US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts Jobs and private sector activity data are expected to be front and center in the unfolding week, even as doubts began to intensify regarding the strength of the domestic economic recovery. Traders are likely to focus on the Commerce Department’s personal income and spending for April, the results of separate manufacturing and non-manufacturing surveys for May by the Institute for Supply Management and Markit, ADP’s private payrolls data, the Labor Department’s non-farm payrolls report for May and the weekly jobless claims data. Some Fed speeches scheduled for the week and the Federal Reserve’s Beige Book may also draw the attention of the markets. The Commerce Department’s construction spending, trade balance and factory orders data, all for April, monthly auto sales for May, final first quarter productivity and costs data and the Federal Reserve’s consumer credit report for April round up the economic events of the week. While the U.S. Commerce Department released a report showing that personal income increased by slightly more than expected in April, the report also showed that personal spending unexpectedly came in flat. The report said personal income rose by 0.4 percent in April after coming in unchanged in March. Economists had expected income to climb by 0.3 percent. Meanwhile, the Commerce Department said personal spending came in unchanged in April following an upwardly revised 0.5 percent increase in March. Spending had been expected to edge up by 0.2 percent compared to the 0.4 percent increase originally reported for the previous month. Boston Federal Reserve Bank President Eric Rosengren is due to speak in Hartford, Connecticut, at 9:05 am ET. Final estimates of Markit’s U.S. manufacturing PMI are due at 9:45 am ET. The consensus estimate calls for a drop in the index to 53.8 in May from 54.1 in April. The Institute for Supply Management is scheduled to release the results of its manufacturing survey for May at 10 am ET. Economists expect the manufacturing PMI to edge up to 51.8 in May from 51.5 in April. In April, the manufacturing PMI was unchanged at 51.5, with 15 out of 18 manufacturing industries reporting growth. The new orders index climbed 1.7 points to 53.5 and the production index added 2.2 points to 56. On the other hand, the employment index slid 1.7 points to 48.3, retreating further into contraction territory. The Commerce Department will also release its construction spending report for April at 10 am ET. Economists expect construction spending to have increased 0.7 percent month-over-month. In March, construction spending fell by 0.6 percent month-over-month, resulting in an annual rate of growth of 2 percent. Spending on private construction fell 0.3 percent, with residential construction spending slipping 1.6 percent, while non-residential construction spending climbed 1 percent. Private construction spending was down 1.5 percent. Say "Goodbye" to 3D Printing Early investors in 3D printing stocks saw profits of 1,200% and higher. Now they've shifted their focus to a new technology -- one that could change everything for medicine, transportation, the energy markets, and more. We've found 3 stocks you can invest in to ride this trillion-dollar mega-trend... And one little-known way to play it that could change your net worth forever. Download the Free Report Here Stocks in Focus FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts Intel said it agreed to buy Altera Corp. for $54 per share in cash, valuing the company at about $16.7 bil. Integrated Silicon Solutions acknowledged the receipt of a revised unsolicited non-binding offer from Cypress Semiconductor to buy all if its outstanding common stock for $20.25 per share in cash. Ferrellgas Partners said that it agreed to acquire Dallas-based Bridger Logistics, LLC, a provider of integrated crude oil midstream services, for a purchase price of approximately $837.5 mil. Kratos Defense & Security Solutions Inc. said it agreed to sell the U.S. and U.K. operations of its Electronic Products Division or "EPD" to Ultra Electronics Holdings plc for $260 mil in cash to be paid at closing and the reimbursement of up to $5 mil for taxes incurred as part of the transaction, for a total of $265 mil in total gross cash proceeds, subject to certain working capital adjustments. Molina Healthcare said it expects adjusted earnings per share of $2.90 and reported earnings per share of $2.35. For fiscal 2015, the company expects total revenue of $14.3 bil. The guidance was above estimates. O’Reilly announced that its board has approved an additional $500 mil repurchase, raising the aggregate authorization under the program to $5.5 bil. Dollar Tree announced an agreement to sell 330 stores to Sycamore Partners, with the disposal contingent on the completion of its pending acquisition by Family Dollar Stores. The 21st Century's Industrial Revolution is Underway! Discover the shocking technology that's powering the next industrial revolution — and the 3 stocks that stand to benefit the most. Two of them have doubled since we first began covering this sector... and the other has more than TRIPLED. In this free report, we'll reveal all 3 stocks as well as one little-known way to play this trend that could change your net worth forever. Click Here to Download it Now. European Markets European stocks opened higher and saw a sharp climb in early trading only to give back their gains by early afternoon trading, as traders digest the developments on the Greek debt front and domestic manufacturing data. Following the release of the U.S. data, the averages have turned higher. In corporate news, Publicis Groupe announced the purchase of 94 percent of the share capital of Relaxnews for 9.58 euros per share. Lloyds Banking Group said the U.K. government has reduced its stake in the bank by 1 percentage point to 18.99 percent. On the economic front, revised estimates released by Markit Economics showed that the eurozone manufacturing sector continued to expand but at a slower than initially estimated pace in May. The final manufacturing PMI came in at 52.2, up from 52 in the previous month but down from the flash estimate of 52.3. The results of a survey by Markit Economics and the CIPS showed that manufacturing activity accelerated slightly in May. The manufacturing PMI rose to 52 in May from 51.8 in April. Economists expected a reading of 52.8 for the month. Be The Boss of Your Own Money.  Be Type E*.  Sign Up with E*TRADE Now. Asian markets USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts The Asian markets closed on a mixed note, tracking the weak lead from Wall Street last Friday and amid the release of mixed domestic data. The Chinese, Hong Kong, Japanese and Indian markets advanced, while the rest of the markets ended lower. The New Zealand and Singapore markets were closed for public holidays. Japan’s Nikkei 225 average languished below the unchanged line for much of the session before recovering in the final few minutes of trading. The index ended up 6.72 points or 0.03 percent at 20,570. Utility, resource, insurance, pharma, construction, financial and retail stocks gained ground, while export stocks came under selling pressure. Hong Kong’s Hang Seng Index ended at 27,597, up 172.97 points or 0.63 percent, and China’s Shanghai Composite Index closed 216.99 points or 4.71 percent higher at 4,829. Meanwhile, Australia’s All Ordinaries opened lower and declined steeply in early trading. After hitting the day’s low, the average recouped some of its losses over the remainder of the session yet closed down 40.90 points or 0.71 percent at 5,734. Most sectors retreated, with consumer staple, financial, industrial and IT stocks leading the slide. On the other hand, real estate and energy stocks saw slight strength. On the economic front, the final reading of Markit HSBC Chinese manufacturing PMI came in at 49.2 in May, final results of a survey showed. The reading represented an upward revision to the flash estimate of 49.1 but was down from 49.9 in April. Official data released by China’s National Bureau of Statistics showed that the manufacturing PMI rose 0.1 points to 50.2 in May, while economists expected a reading of 50.3. The non-manufacturing PMI edged down to 53.2 from 53.4. Meanwhile, final results of a survey by Markit Economics and JMMA confirmed that the manufacturing sector in Japan moved into expansion territory in May, with a PMI score of 50.9, up from 49.9 in April. A Ministry of Finance report showed that capital spending in Japan rose 7.3 percent sequentially in the first quarter, belying expectations for a 0.2 percent drop. Excluding software, capex rose 8.1 percent. Company profits edged up 0.4 percent, while company sales fell 0.5 percent. The Australian Bureau of Statistics reported that the total number of building permits fell 4.4 percent month-over-month in April, steeper than the 1.8 percent decline forecast by economists. Annually, building approvals rose a less than expected 16.3 percent. A separate report showed that company operating profits rose 0.2 percent sequentially in the first quarter compared to expectations for an unchanged reading. Inventories were up 0.4 percent, ahead of the 0.1 percent growth expected by economists. A survey by TD Securities and the Melbourne Institute showed that consumer prices in Australia are forecast to have risen 1.4 percent year-over-year in May, in line with expectations and unchanged from the forecast for the previous month. The results of a survey by the Australian Industry Group showed that the manufacturing sector in Australia moved into expansion territory in May. New Study Shows How to Turn $5,000 Into $6.5 Million Recently, a small not-for-profit "think tank" based in Kansas City, Missouri quietly published a new study... The study monitored the investment activity of 539 millionaires... They've been growing their money 3x - 4x faster than the stock market for more than 17 years... And in this new report, we'll show how you can do the same: Click here to Download it Now Currency and Commodities Markets Crude oil futures are receding $0.34 to $59.96 a barrel after rising $0.58 or 0.97 percent to $60.30 a barrel in the week ended May 29th. Last Tuesday, oil fell close to $1.70-a-barrel after ending the previous week little changed. The commodity retreated moderately on Wednesday. After rising modestly on Thursday, the commodity rallied strongly on Friday, rising over $2.50-a-barrel, as the dollar weakened. Gold futures, which fell $14.20 or 1.18 percent to $1,189.80 an ounce in the previous week, are currently slipping $0.50 to $1,189.30 an ounce. Among currencies, the U.S. dollar rose against the yen, with the buck adding 2.14 percent against the Japanese currency, helped by some strong data released earlier last week. The dollar also added 0.22 percent against the euro, with the latter regaining some ground in the wake of the weak U.S. data released last Friday. The U.S. dollar is currently at 123.92 yen and is valued at $1.0948 versus the euro.     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Monday, 01 June 2015 09:57:50 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan The Penny Share That's The Cream of The Crop Don't buy another share until you've read this... We've discovered a UK stock with explosive potenital 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: Ahead of US data, stocks pare gains on Greek worries Stocks pared strong early gains ahead of a raft of US economic data scheduled for release in the afternoon amid continued worries over the situation in Greece. As of 08:56 the FTSE 100 was higher by 24.21 points to 7,008.64. The top flight index snapped higher at the start of the session following the release of somewhat better than expected readings on China's manufacturing sector. The 'official' Chinese manufacturing sector purchasing managers' index increased to a reading of 50.2 from 50.1 in April, as expected. A similar survey from HSBC rose to 49.2, from 48.9 in the month before (consensus: 49.2). Julian Evans Pritchard at Capital Economics pointed out how both indices showed a rise in the employment and new orders components. "Overall, today's PMI readings add weight to our view that the economy is finally turning a corner. With more policy support likely in coming months we are optimistic that growth will begin to pick-up, at least over the short-run." A raft of economic data was scheduled for release later in the day Stateside. That included data on personal income and spending and the latest reading on the state of US manufacturing, courtesy of the ISM institute. Acting as a backdrop, investors were awaiting the latest US non-farm payrolls data due out on Friday, which were expected to be key in shaping expectations for Fed rate hikes this year. The outlook for Greece darkened on Sunday after the country's prime minister, Alexis Tsipras, accused bailout monitors of seeking to impose "harsh punishment" on Athens. That came as a €300m payment to the IMF, due on Friday, loomed closer. Drug giants announce latest cancer breakthroughs Shares in AstraZeneca rose 2.5% on Monday following positive takeaways from the annual meeting of the American Society of Clinical Oncology, during which the company presented preliminary data for one of its lung cancer drugs. UK Financial Investments, the state investment vehicle, has lowered its stake in Lloyds to 18.99% from the 19.93% it held on 12 May. That comes on the heels of continued market speculation regarding a sale of shares to the public with the aim of returning the lender wholly to private ownership - possibly as early as September. Investment bank Stifel Financial Corp is reportedly in advanced talks to acquire Barclays' US wealth management unit in a deal that could come as early as next week. Playtech has signed a deal to acquire Plus 500 at 400p per share in move described by the company as "transformational". The acquisition will be immediately enhancing. Defence and aerospace group Ultra Electronics Holdings has reached a deal to acquire the electronics products division of Kratos Defense and Security Solutions for $265m (£173.5m). Free guide to Charting from ADS-Securities London Learn how to use the charts and improve your trading with our FREE guide, covering types of charts, trend lines, ranges, support and resistance and technical analysis. Apply for an account and get FREE upgrade to MT4Plus and 0.5 spreads until 30th June on UK100. Apply today Your Capital is at Risk. Market Movers techMARK 3,317.27 +0.40% FTSE 100 6,982.06 -0.03% FTSE 250 18,176.91 +0.12% FTSE 100 - Risers Ashtead Group (AHT) 1,159.00p +3.48% AstraZeneca (AZN) 4,438.50p +1.51% Lloyds Banking Group (LLOY) 88.92p +1.31% St James's Place (STJ) 923.00p +1.26% Compass Group (CPG) 1,158.00p +1.22% Hikma Pharmaceuticals (HIK) 2,103.00p +1.20% Taylor Wimpey (TW.) 185.50p +1.09% Dixons Carphone  (DC.) 480.40p +1.05% Shire Plc (SHP) 5,690.00p +0.98% InterContinental Hotels Group (IHG) 2,768.00p +0.98% FTSE 100 - Fallers Glencore  (GLEN) 282.15p -2.01% Fresnillo (FRES) 745.00p -1.91% Weir Group (WEIR) 1,989.00p -1.73% Anglo American (AAL) 1,010.00p -1.56% Kingfisher (KGF) 365.20p -1.30% Associated British Foods (ABF) 2,989.00p -1.29% BHP Billiton (BLT) 1,362.50p -1.23% Standard Chartered (STAN) 1,034.50p -1.10% Randgold Resources Ltd. (RRS) 4,690.00p -0.95% Royal Dutch Shell 'B' (RDSB) 1,955.50p -0.91% FTSE 250 - Risers Renishaw (RSW) 2,465.00p +2.71% Cairn Energy (CNE) 174.00p +2.59% Fidelity China Special Situations  (FCSS) 174.00p +2.41% Greencore Group (GNC) 336.60p +2.25% Imagination Technologies Group (IMG) 224.10p +2.24% PayPoint (PAY) 966.50p +2.17% Synthomer (SYNT) 357.60p +2.14% Man Group (EMG) 182.10p +2.02% St. Modwen Properties (SMP) 452.50p +2.01% Allied Minds  (ALM) 626.50p +1.87% FTSE 250 - Fallers Playtech (PTEC) 803.00p -3.25% Soco International (SIA) 180.30p -2.54% Amec Foster Wheeler (AMFW) 926.50p -2.47% Kaz Minerals  (KAZ) 245.80p -2.31% Vedanta Resources (VED) 574.00p -2.21% Lonmin (LMI) 138.00p -2.13% Acacia Mining (ACA) 298.50p -2.10% Synergy Health (SYR) 1,787.00p -1.97% Premier Oil (PMO) 160.10p -1.90% Ocado Group (OCDO) 358.00p -1.78% FTSE TechMARK - Risers Sepura (SEPU) 167.00p +2.45% SDL (SDL) 413.00p +1.79% Innovation Group (TIG) 29.25p +1.74% Skyepharma (SKP) 289.25p +1.49% NCC Group (NCC) 214.25p +1.06% Consort Medical (CSRT) 965.00p +1.05% Ricardo (RCDO) 936.50p +0.70% RM (RM.) 146.00p +0.69% Oxford Biomedica (OXB) 10.00p +0.50% Spirent Communications (SPT) 89.75p +0.28% FTSE TechMARK - Fallers UCW Limited (UCW) A$0.01 -13.33% Sarossa  (SARS) 1.71p -4.20% Oxford Instruments (OXIG) 1,070.00p -1.65% Anite (AIE) 98.75p -0.50% Torotrak (TRK) 8.00p -0.31% Vectura Group (VEC) 177.50p -0.28% IShares Euro Gov Bond 7-10YR UCITS ETF (IEGM) € 201.14 -0.27% KCOM Group (KCOM) 96.25p -0.26% XP Power Ltd. (DI) (XPP) 1,660.00p -0.12% UK Event Calendar Monday 01 June INTERIM DIVIDEND PAYMENT DATE Smart (J) & Co. QUARTERLY PAYMENT DATE JPMorgan Claverhouse Inv Trust INTERNATIONAL ECONOMIC ANNOUNCEMENTS Construction Spending (US) (15:00) ISM Manufacturing (US) (15:00) ISM Prices Paid (US) (15:00) Personal Consumption Expenditures (US) (13:30) Personal Income (US) (13:30) Personal Spending (US) (13:30) PMI Manufacturing (EU) (09:00) PMI Manufacturing (GER) (08:55) Retail Sales (GER) (07:00) GMS Euromoney Institutional Investor, Imaginatik, MXC Capital FINALS Camco Clean Energy, Circle Oil, GB Group, Global Brands S.A ANNUAL REPORT Porta Communications AGMS Aeci 5 1/2% Prf, Billington Holdings, CPP Group, Fitbug Holdings, IGas Energy, Keywords Studios, Silence Therapeutics TRADING ANNOUNCEMENTS Jiasen International Holdings Ltd UK ECONOMIC ANNOUNCEMENTS PMI Manufacturing (09:30) FINAL DIVIDEND PAYMENT DATE Action Hotels, BAE Systems, Belvoir Lettings, North American Income Trust (The), Smart Metering Systems, Travis Perkins Trade online for just £3.95* until 31 July Better price, Better tools,  Better platform,  Better trading - TD Direct Investing. Find out more You may not get back all the money you invest. *Terms apply Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks led higher by pharmaceuticals as AstraZeneca, Roche gain European stocks rose in early trade, led by gains in the pharmaceuticals sector, although investors continued to keep an eye out for any headlines on Greece as the deadline for its debt repayment looms. By 0900 BST, the benchmark Stoxx Europe 600 index was up 0.8%, France's CAC 40 was 0.9% higher and Germany's DAX was up 0.4%. "European equities are starting the new trading week on a positive note showing hesitant signs of trying to stage an early rebound after Friday's hefty losses," said Markus Huber, senior analyst at Peregrine & Black. In terms of sectors, pharmaceuticals lent support. Shares in London-listed AstraZeneca rose 2.5%, topping the FTSE 100 leader board following a positive update on one of its lung cancer drugs. Meanwhile, Switzerland's Roche was also on the front foot after saying its investigational cancer immunotherapy atezolizumab was shown to shrink tumours in two-thirds of people with the most common type of lung cancer, when combined with chemotherapy. Despite the positive tone, concerns about Greece were never far from investors' minds as the country remains deadlocked in its negotiations with international creditors. It is due to pay back €300m in loans to the International Monetary Fund this Friday but it's struggling to reach a deal with the European Commission, the European Central Bank and the IMF to unblock vital funds due under its second bailout in 2012. "It has been suggested that Greece could take all four repayments due to the IMF in June, totaling €1.6 bn, and pay them at the end of the month, which the IMF has suggested it may be open to," said Craig Erlam, senior market analyst at Oanda. "While that would once again nudge the can down the road, I can't see what they would hope to achieve in a few more weeks that hasn't proved possible in four months." Erlam added: "The same differences still appear to be preventing a deal being done including proposed VAT changes, labour market and pension reform. These are the so-called red lines for Greece but it would appear a similar stance is being taken by the institutions and if a deal is going to happen, one of them needs to budge. The longer this goes on, the more we're going to have to prepare for a Greek default and everything that comes with it." Investors were also bracing for a busy week. As well as Greece's debt repayment deadline on Friday, market participants will eye rate announcements from the European Central Bank and the Bank of England, and the all-important non-farm payroll figures for May due out of the US. Is Now The Time To Buy Gold, Silver & Palladium? Receive Our Free Precious Metals Investor Guide Trio Click Here US Market Report US close: stocks end week on losses as data disappoints US stocks closed lower on Friday, as a raft of underwhelming data reports disappointed investors and revealed that the economy contracted in the first quarter for the second consecutive year. The main indexes finished the week on a slight loss, but gained on a monthly basis. At close, the Dow Jones Industrial Average was down points 115.11, while the S&P 500 and the Nasdaq lost 13.40 and 27.95 points respectively. Revised data showed US gross domestic product (GDP) shrank at an annualised pace of 0.7% in the first three months of the year. The preliminary estimate from the Department of Commerce was a contraction of 0.2%, while economists had been expecting a fall of 0.9%. However, analysts said the disappointing reading did not necessarily represent the bigger picture. "While the impact of declining investment in the energy sector and a deteriorating trade balance is still highly visible, the rest of the U.S. economy is probably doing OK," said Scott Anderson, chief economist of Bank of the West. US personal consumption grew at a 1.8% annualised rate in the first quarter, revised down from an initial estimate of 1.9%, falling short of the 2% gain analysts had expected. The Chicago Purchasing Managers' Index fell sharply in May, dropping from 52.3 in April to 46.2, missing analysts' expectations for a slight increase to 53. US consumer confidence fell to a six-month low in May, according to the University of Michigan Index, which fell to 90.7 in May compared with a final April level of 95.9. Analysts had expected a final May reading of 89.5, compared with a preliminary print of 88.6. Google traded lower as it announced Android Pay, a new mobile payment service set to directly compete with Apple Pay. Apple was also in the red on the news. Chip maker Altera Corp surged after Intel Corp revealed it was nearing a takeover deal. In international markets, European stocks declined as mounting Greek uncertainty threatened to dampened risk appetite. The Shanghai Composite closed slightly lower, in fallout from Thursday's 6.5% plummet. The dollar gained 0.11% higher against the yen, 0.18% against the pound and fell 0.32% against the euro, while gold futures rose 0.19% to $1,191. Oil prices advanced, as West Texas Intermediate gained 4.23% to $60.12 a barrel, while Brent climbed 4.46% to $65.37 a barrel. S&P 500 - Risers Humana Inc. (HUM) $213.22 +19.49% GameStop Corp. (GME) $43.66 +6.70% Altera Corp. (ALTR) $48.99 +4.31% Avago Technologies Ltd. (AVGO) $148.35 +4.19% CIGNA Corp. (CI) $140.68 +3.54% Eli Lilly and Company (LLY) $78.90 +3.26% Denbury Resources Inc. (DNR) $7.38 +3.15% Newfield Exploration Co (NFX) $37.81 +2.77% Discovery Communications Inc. Class A (DISCA) $33.94 +2.69% Anthem Inc (ANTM) $168.46 +2.58% S&P 500 - Fallers Bristol-Myers Squibb (BMY) $64.63 -6.54% Cablevision Systems Corp. (CVC) $24.53 -3.01% Freeport-McMoRan Inc (FCX) $19.67 -2.43% TJX Companies Inc. (TJX) $64.39 -2.40% PACCAR Inc. (PCAR) $63.63 -2.36% Fastenal Co. (FAST) $41.55 -2.36% Cummins Inc. (CMI) $136.06 -2.29% CenturyLink Inc. (CTL) $33.29 -2.26% Whole Foods Market Inc. (WFM) $41.29 -2.23% Ryder System Inc. (R) $91.62 -2.21% Dow Jones I.A - Risers Merck & Co. Inc. (MRK) $61.09 +2.33% Intel Corp. (INTC) $34.44 +1.25% Pfizer Inc. (PFE) $34.83 +1.15% Unitedhealth Group Inc. (UNH) $120.32 +0.59% Exxon Mobil Corp. (XOM) $85.20 +0.11% Cisco Systems Inc. (CSCO) $29.37 +0.07% Dow Jones I.A - Fallers Procter & Gamble Co. (PG) $78.42 -1.15% General Electric Co. (GE) $27.32 -1.12% Visa Inc. (V) $68.79 -1.11% Boeing Co. (BA) $140.77 -1.10% Goldman Sachs Group Inc. (GS) $206.27 -1.06% International Business Machines Corp. (IBM) $169.91 -1.05% Microsoft Corp. (MSFT) $46.97 -1.02% Apple Inc. (AAPL) $130.44 -1.02% Travelers Company Inc. (TRV) $101.21 -0.92% 3M Co. (MMM) $159.47 -0.87% Nasdaq 100 - Risers Altera Corp. (ALTR) $48.99 +4.31% Avago Technologies Ltd. (AVGO) $148.35 +4.19% Discovery Communications Inc. Class A (DISCA) $33.94 +2.69% Mondelez International Inc. (MDLZ) $41.46 +2.45% Charter Communications Inc. (CHTR) $178.93 +1.46% Nxp Semiconductors Nv (NXPI) $112.34 +1.40% Sirius XM Holdings Inc (SIRI) $3.85 +1.32% eBay Inc. (EBAY) $61.35 +1.30% Intel Corp. (INTC) $34.44 +1.25% Broadcom Corp. (BRCM) $56.88 +1.12% Nasdaq 100 - Fallers PACCAR Inc. (PCAR) $63.63 -2.36% Fastenal Co. (FAST) $41.55 -2.36% Whole Foods Market Inc. (WFM) $41.29 -2.23% Express Scripts Holding Co (ESRX) $87.34 -2.12% Wynn Resorts Ltd. (WYNN) $100.82 -2.11% Keurig Green Mountain Inc (GMCR) $86.37 -2.10% Activision Blizzard Inc. (ATVI) $25.26 -1.81% Western Digital Corp. (WDC) $97.47 -1.77% Expedia Inc. (EXPE) $107.43 -1.65% Wealth creation through asset backed investments... Take an alternative approach to investing with our latest high fixed return investment opportunity No annual fees, flexible investment periods and income paid quarterly Click here to find out more! Newspaper Round Up Monday newspaper round-up: Greece, Growth, Cancer Greece's chances of striking a deal to access a much-needed €7.2bn in rescue aid looked even bleaker yesterday after Alexis Tsipras, prime minister, accused bailout monitors of making "absurd" demands and seeking to impose "harsh punishment" on Athens. - Financial Times Growth, investment and recruitment at Britain's manufacturers have suffered a setback this year as the services sector continues to power ahead, raising fresh doubts about the country's long-awaited economic re-balancing. In a sign that Britain is returning to a two-speed economy, the EEF manufacturing body has cut its growth forecasts for the industry, just as the CBI celebrated "stellar" growth in the powerhouse services sector. - The Times Many terminally ill cancer sufferers will be "cured" of the disease by a ground-breaking class of drugs described last night as heralding a new era in treatment. A British trial brought "spectacular" results, with tumours shrinking or disappearing completely in half of inoperable skin cancer patients. - Financial Times British banks are combing through details of allegedly corrupt payments involving Fifa officials to assess whether they adhered to anti-money laundering and bribery rules. Barclays, Standard Chartered and HSBC are understood to be reviewing transactions worth hundreds of thousands of dollars, which were cited by US prosecutors last week as they indicted seven Fifa officials over bribery and corruption claims. - The Daily Telegraph Hundreds of thousands of small businesses are facing the threat of fines for failing to comply with new legislation requiring them to provide staff with a pension. From today, companies with fewer than 30 employees will start to be phased into the government's auto-enrolment scheme to ensure that people are saving for their retirement. - The Times   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE     To 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