Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Thursday, 02 July 2015 09:44:55 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: ADS Securities FREE $100 No Deposit Required 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 open flat on uncertainty ahead of Greek referendum UK stocks opened broadly flat on Thursday morning as fading optimism about a Greek debt deal and an upcoming US jobs report gave investors reasons to be cautious. The FTSE 100 was down 0.07% at 6,603.96 early on. After showing signs of conceding ground on Wednesday and offering to meet most of the demands from last week's funding proposal, Greek Prime Minister Alexis Tsipras said the planned 5 July referendum on a bailout deal would still go ahead and reiterated his call on the public to vote 'no'. "Yesterday was a spectacular day for Alex Tsipras's political flip-flopping, in the morning appearing to have yielded to most of Greece's creditors' demands, only to turn around later and tell his people to tell the very same creditors to get stuffed and vote 'no' in Sunday's referendum," said dealer Jonathan Sudaria from London Capital Group. European leaders have now broken off talks about a new deal and said they would not hold more discussions until after the referendum. "The line appears to be that the creditors are happy to talk, either after the referendum, or straightaway if the referendum is called off," said CMC Markets analyst Michael Hewson. Looking ahead, the non-farm payrolls figure for June - scheduled one day earlier than normal due to national holidays Stateside on Friday for the weekend's Fourth of July celebrations - will be released at 13:30, along with a barrage of other labour-market data such as the unemployment rate, average hourly earnings, and weekly jobless claims. Analysts expect the Labor Department to report that 230,000 payrolls were added in the US economy last month, down sharply from the forecast-beating 280,000 that were registered for May, the highest since December 2014. The unemployment rate is estimated to tick down further to 5.4% from 5.5%. Ex-div stocks provide a drag A number of blue chips were trading in the red after going ex-dividend, including Compass, Babcock, British Land, Burberry, Coca-Cola HBC and Royal Mail. Dixons Carphone rose strongly after entering into an agreement with Sprint Corp to open and manage a significant number of Sprint-branded stores in the US. Housebuilder Persimmon underwhelmed with its first-half results despite revenues increasing by 12% thanks to higher selling prices and higher volumes of new home sales, aided by an increasingly competitive mortgage market. Chemicals company Synthomer fell after guiding to a lower operating profit in its Europe and North American division in the first half due to weak demand and increased prices for raw materials. Product testing outfit Intertek was trading with heavy losses after Jefferies lowered its stance on the shares to 'underperform' and cut its target from 2,400p to 2,100p. Outsourcer Serco was extending gains made on Wednesday following a strong first-half trading update, as Numis raised its rating on the stock to 'hold'. Market Movers techMARK 3,125.84 -0.09% FTSE 100 6,603.96 -0.07% FTSE 250 17,672.39 -0.25% FTSE 100 - Risers Dixons Carphone (DC.) 474.60p +3.44% Hammerson (HMSO) 632.00p +0.88% London Stock Exchange Group (LSE) 2,433.00p +0.70% AstraZeneca (AZN) 4,148.50p +0.68% Land Securities Group (LAND) 1,242.00p +0.65% United Utilities Group (UU.) 897.50p +0.62% Smiths Group (SMIN) 1,157.00p +0.61% Shire Plc (SHP) 5,240.00p +0.58% HSBC Holdings (HSBA) 574.20p +0.58% Intu Properties (INTU) 313.00p +0.51% FTSE 100 - Fallers Intertek Group (ITRK) 2,364.00p -3.98% Royal Mail (RMG) 502.00p -3.00% Ashtead Group (AHT) 1,073.00p -2.54% Babcock International Group (BAB) 1,069.00p -2.11% Burberry Group (BRBY) 1,559.00p -2.01% Coca-Cola HBC AG (CDI) (CCH) 1,353.00p -1.96% Weir Group (WEIR) 1,691.00p -1.63% ARM Holdings (ARM) 1,046.00p -1.60% G4S (GFS) 268.40p -1.47% Hargreaves Lansdown (HL.) 1,153.00p -1.37% FTSE 250 - Risers Serco Group (SRP) 126.50p +7.20% Entertainment One Limited (ETO) 370.40p +4.04% Betfair Group (BET) 2,501.00p +3.95% BTG (BTG) 650.50p +3.58% AA (AA.) 383.60p +3.48% Supergroup (SGP) 1,271.00p +3.42% Great Portland Estates (GPOR) 802.50p +3.41% Derwent London (DLN) 3,518.00p +3.41% WH Smith (SMWH) 1,579.00p +3.34% Hiscox Limited (CDI) (HSX) 866.00p +3.22% FTSE 250 - Fallers Hunting (HTG) 577.00p -5.41% Evraz (EVR) 117.70p -4.46% Zoopla Property Group (WI) (ZPLA) 266.00p -4.32% Lonmin (LMI) 107.10p -4.29% ICAP (IAP) 510.00p -3.68% Premier Oil (PMO) 144.30p -3.22% Fidessa Group (FDSA) 2,207.00p -2.99% Acacia Mining (ACA) 293.30p -2.85% Dairy Crest Group (DCG) 518.50p -2.63% UK Oil & Gas Investments Dear Subscriber, It’s the stock everyone’s talking about… UK Oil & Gas is a company rich with potential.         Set to go again? The shares are up 440.7% this year alone.*                 And more important news could be on the way. Download your Free Report now UK Event Calendar Thursday 02 July INTERIM EX-DIVIDEND DATE BBA Aviation 5% Cum Prf, Blackrock Income And Growth Investment Trust, Dunedin Smaller Companies Inv Trust, Electronic Data Processing, Paragon Group Of Companies QUARTERLY PAYMENT DATE Canaccord Genuity Group Inc. QUARTERLY EX-DIVIDEND DATE Alpha Real Trust Ltd., British Land Company, SQN Asset Finance Income Fund Limited INTERNATIONAL ECONOMIC ANNOUNCEMENTS Continuing Claims (US) (13:30) Factory Orders (US) (15:00) Goods Orders (US) (15:00) Initial Jobless Claims (US) (13:30) Non-Farm Payrolls (US) (13:30) Producer Price Index (EU) (10:00) Unemployment Rate (US) (13:30) GMS Ediston Property Investment Company SPECIAL EX-DIVIDEND PAYMENT DATE Octopus AIM VCT AGMS C&C Group, Electrical Geodesics Inc (Regs), Harvey Nash Group, Strategic Minerals TRADING ANNOUNCEMENTS Persimmon UK ECONOMIC ANNOUNCEMENTS PMI Construction (09:30) FINAL DIVIDEND PAYMENT DATE Amec Foster Wheeler, Bioquell, Brammer, Mears Group FINAL EX-DIVIDEND DATE Africa Opportunity Fund Limited, Aveva Group, Babcock International Group, Bisichi Mining, Braemar Shipping Services, British Smaller Companies VCT, Brown (N.) Group, Burberry Group, Charles Stanley Group, CML Microsystems, Coca-Cola HBC AG (CDI), Cranswick, Crawshaw Group, Dairy Crest Group, De La Rue, Dee Valley Group, Downing Planned Exit VCT 6, Downing Planned Exit VCT 7, Grafenia , GTS Chemical Holdings , Helical Bar, Homeserve, ICAP, Montanaro UK Smaller Companies Inv Trust, Northern Investors Co, Octopus AIM VCT, Octopus Apollo VCT, ProVen Growth & Income VCT, ProVen VCT, REA Holdings, Royal Mail, Shanks Group, Tate & Lyle, ULS Technology INVEST IN DUBAI WITH UP TO 10% GUARANTEED RENTAL YIELD Limited availability, initial investment discounted by 26%, rental returns averaging 8.28% guaranteed. For further information, click here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks nudge higher amid caution on Greece; US data eyed European stocks nudged higher in fairly quiet trading, with investors likely to be cautious until Sunday's Greek referendum, as they looked to the release of key US data later in the day. By 0850 BST, the benchmark Stoxx Europe 600 index was up 0.2 %, while France's CAC 40 and Germany's DAX were 0.3% higher. Spain's IBEX 35 and Italy's FTSE Mib had risen 0.3%. The euro, meanwhile, was up 0.4% against the greenback at $1.1100. "With Greek debt negotiations seemingly on hold until after Sunday's referendum markets have opened flat as investors adopt a wait and see approach. US jobs data will be in focus ahead of the extended weekend break in the States however it's unlikely this will have a significant impact on investor appetite in the current climate," said Andy McLevey, head of dealing at Interactive Investor. Late on Wednesday, Greek Prime Minister Alexis Tsipras delivered a television address in which he called on the country to reject the international bailout deal put forward by creditors, a day after Greece became the first developed economy to default on debt to the International Monetary Fund. A slew of economic data releases due out of the US was also contributing to the subdued tone on Thursday. US nonfarm payrolls and the unemployment rate are out at 1330 BST - a day early due to the public holiday on Friday - along with initial jobless claims. US industrial new orders are at 1500 BST. "Aside from watching (Greek) opinion polls the focus will switch to the rare phenomenon of Payrolls Thursday," said Societe Generale analysts. "With the soft patch behind the US economy and unemployment still falling, it would take weak data to prevent the rate hike cycle starting in September. Meanwhile the dollar has corrected enough that a September hike would be supportive." SocGen's economists forecast a "steady as she goes" 210,000 payrolls gains, with unemployment down to 5.4% from 5.5% and wage growth edging down to 2.2%. "That's a recipe for a quiet afternoon in FX but perhaps for a good one in equities." On the corporate front, shares in Spanish travel technology provider Amadeus IT Holding rose after the company said it has agreed to pay $830m for Accenture's Navitaire unit. In London, Lloyds Banking Group was in the black after announcing that the government has cut its stake in the bank to 15.9% from 16.87%, as it moves towards full privatisation. Worried About Retirement? Download Our Free Guide For Investors with £250K+ Portfolios. US Market Report US close: Stocks edge higher on strong economic data and hopes of Greek compromise US stocks extended gains on Wednesday, as a plethora of better-than-expected economic reports and hopes of concessions from Greek prime minister Alexis Tsipras kept investors' hopes alive. At close, the Dow Jones Industrial Average was 138 points higher at 17,758, while the S&P 500 was up 14 points to 2,077 and the Nasdaq gained 26 points to 5,013. Greece will hold a referendum on Sunday to vote on whether to accept its creditors' austerity demands. Tsipras reportedly sent a letter to the heads of the European Commission, International Monetary Fund and European Central Bank on Tuesday evening, saying that he would accept all the reforms of Greece's VAT system, with one change - the maintenance of a special 30% discount for Greek islands. "It's Greece every day all day, that certainly had an influence," said Mark Luschini, chief investment strategist at Janney Montgomery Scott. "There's some suspicion that perhaps a deal could be worked out even in advance of a referendum," he added. The Institute for Supply Management´s purchasing managers´ index for manufacturing rose to a reading of 53.5 - the highest since January - after a print of 52.8 in the prior month. Analysts had been anticipating a reading of 53.2. Construction spending increased by 0.8% month-on-month in May (consensus: 0.4%). Consultant ADP´s monthly estimate of private sector payrolls revealed a 237,000 person increase in June, higher than the 211,000 expected by economists. That followed a 203,000 print for the month before. In company news, AeroVironment surged more than 11% after the drone manufacturer reporter increased sales of its unmanned aircraft. Peabody Energy Corp plunged 19% after warning that it a wider-than-expected loss was on the horizon in the second quarter. Energy stocks Enso and Transocean Rig were in the red after OPEC decided not to cap production despite the ongoing supply glut. Elsewhere, Chinese shares rebounded from Monday's steep decline, while Japan's Nikkei edged 0.63% higher. Oil futures dipped more than 4% to a five-week low, after a government report revealing higher weekly crude supplies exacerbated oversupply concerns. Gold futures also inched lower, while the dollar gained against the euro, the yuan and the pound. S&P 500 - Risers Chubb Corp. (CB) $119.99 +26.12% Hartford Financial Services Group Inc. (HIG) $44.22 +6.37% Tesoro Corp. (TSO) $88.55 +4.90% Cincinnati Financial Corp. (CINF) $52.54 +4.70% Wynn Resorts Ltd. (WYNN) $103.07 +4.46% Cablevision Systems Corp. (CVC) $24.86 +3.84% Kraft Foods Group, Inc. (KRFT) $88.27 +3.68% Comcast Corp. (CMCSA) $62.25 +3.51% Valero Energy Corp. (VLO) $64.49 +3.04% Macerich Co (MAC) $76.77 +2.91% S&P 500 - Fallers Baxter International Inc. (BAX) $38.86 -44.43% Graham Holdings Co. (GHC) $683.92 -36.38% Peabody Energy Corp. (BTU) $1.78 -18.72% Masco Corp. (MAS) $23.77 -10.87% Denbury Resources Inc. (DNR) $5.84 -8.18% Chesapeake Energy Corp. (CHK) $10.55 -5.55% Rowan Companies plc (RDC) $20.03 -5.12% Joy Global Inc. (JOY) $34.40 -4.97% Nabors Industries Ltd. (NBR) $13.74 -4.78% FMC Technologies Inc. (FTI) $39.66 -4.41% Dow Jones I.A - Risers Travelers Company Inc. (TRV) $99.34 +2.77% Procter & Gamble Co. (PG) $79.72 +1.89% Boeing Co. (BA) $140.73 +1.45% Wal-Mart Stores Inc. (WMT) $71.89 +1.35% Nike Inc. (NKE) $109.43 +1.31% Merck & Co. Inc. (MRK) $57.63 +1.23% Unitedhealth Group Inc. (UNH) $123.46 +1.20% International Business Machines Corp. (IBM) $164.58 +1.18% Visa Inc. (V) $67.89 +1.13% Johnson & Johnson (JNJ) $98.54 +1.11% Dow Jones I.A - Fallers E.I. du Pont de Nemours and Co. (DD) $61.43 -3.90% Caterpillar Inc. (CAT) $83.95 -1.03% Exxon Mobil Corp. (XOM) $82.37 -1.00% Intel Corp. (INTC) $30.18 -0.77% Chevron Corp. (CVX) $96.03 -0.46% Cisco Systems Inc. (CSCO) $27.35 -0.40% United Technologies Corp. (UTX) $110.79 -0.13% Nasdaq 100 - Risers Wynn Resorts Ltd. (WYNN) $103.07 +4.46% Kraft Foods Group, Inc. (KRFT) $88.27 +3.68% Comcast Corp. (CMCSA) $62.25 +3.51% Mylan Inc. (MYL) $69.70 +2.71% Mattel Inc. (MAT) $26.34 +2.53% O'Reilly Automotive Inc. (ORLY) $230.98 +2.21% Vertex Pharmaceuticals Inc. (VRTX) $126.18 +2.19% Activision Blizzard Inc. (ATVI) $24.73 +2.15% Celgene Corp. (CELG) $118.22 +2.15% Avago Technologies Ltd. (AVGO) $135.50 +1.93% Nasdaq 100 - Fallers Sandisk Corp. (SNDK) $56.41 -3.11% Keurig Green Mountain Inc (GMCR) $74.70 -2.52% Expedia Inc. (EXPE) $107.19 -1.98% Citrix Systems Inc. (CTXS) $69.38 -1.11% Gilead Sciences Inc. (GILD) $116.00 -0.92% Intel Corp. (INTC) $30.18 -0.77% Regeneron Pharmaceuticals Inc. (REGN) $506.80 -0.65% Nxp Semiconductors Nv (NXPI) $97.63 -0.58% Cisco Systems Inc. (CSCO) $27.35 -0.40% Save Money on your Energy Bills ADVFN have partnered with the UK’s largest independent energy supplier First Utility to bring you lower energy bills: the average First Utility customer saves £229 per year on their energy. Click here to see how much you could save Newspaper Round Up Thursday newspaper round-up: Greece, Chinese margin rules, General Electric Michael Fuchs, a close ally of German Chancellor Angela Merkel, dismissed Greece's latest bailout proposal and said Germany would not "pour money" into a government that refused to change, The Telegraph reports. "China's securities regulator has moved to curb downward pressure on the country's tumbling stock market by relaxing collateral rules on margin loans, in a bid to prevent a vicious cycle of price falls and forced selling," the Financial Times writes. The Department of Justice is looking to block General Electric's proposed $3.3bn sale of its appliance business to Electrolux, according to The Wall Street Journal. Facebook is to trial sharing advertising revenues with video creators who publish on the social network, matching the revenue split offered by YouTube, writes the Financial Times. The bosses of government-controlled Fannie Mae and Freddie Mac are to receive annual salaries of $4m each after a ruling by the Federal Housing Finance Agency regulator, The Wall Street Journal writes. Their pay had previously been capped at $600,000. The US government is investigating possible collusion between US airlines to limit available seats, keeping ticket prices elevated, The Telegraph writes. Drinks giant Diageo has sold the Scottish golf resort, Gleneagles Hotel, to Ennismore which owns two Hoxton-branded hotels in London and another in Amsterdam, says The Guardian.   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE To advertise in the Euro Markets Bulletin please contact patrick@advfn.co.uk     To unsubscribe from this news bulletin or edit your mailing list settings click here. 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ADVFN Newsdesk - Developments on Greece, Strong Domestic Data Aid Sentiment

ADVFN  World Daily Markets Bulletin Daily world financial news Wednesday, 01 July 2015 10:17:26    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 sharply higher opening on Wednesday, with sentiment suggesting buoyancy amid signals that intent is shown by Greece to reach an amicable solution. Adding to the optimism, U.S. economic data has been strong, pointing to a strong recovery. The positive mood is despite the Chinese manufacturing data showing slackening activity. The dollar is higher in reaction to the U.S. private payrolls data that showed a strong pace of job addition by the private sector in the U.S. The domestic market may also track the results of the Institute for Supply Management's national manufacturing survey. U.S. stocks rebounded on Tuesday, helped by bargain hunting following the previous session's sharp retreat. The major averages opened higher but gave back their gains by mid-session, with the Dow Industrials and the S&P 500 Index briefly dipping below the unchanged line. Thereafter, the averages recovered and rose sharply in afternoon trading. Although the averages gave back some of their gains going into the close, they still ended firmly in the green. The Dow Industrials ended up 23.16 points or 0.13 percent at 17,620 and the S&P 500 Index closed 5.47 points or 0.27 percent higher at 2,063, while the Nasdaq Composite ended at 4,987, up 28.40 points or 0.57 percent. Notwithstanding the Dow's advance, the breadth was in the favor of the decliners, with sixteen of the thirty Dow components closing lower, while the remaining fourteen stocks advanced. Disney (DIS) and JP Morgan Chase (JPM) were among the biggest gainers of the session. Among the sectors, airline, biotechnology and brokerage stocks advanced notably in the session. On the economic front, the Conference Board reported that its consumer confidence index climbed to 101.4 in June from 94.6 in May, while economists had expected a reading of 97.4. The expectations index rose 8.2 points to 94.6 on an improving outlook for jobs, and the present situation index increased 4.5 points to 111.6. The results of MNI Indicators' survey of business activity in the Chicago region showed that activity contracted in June, although at a slower rate. The business barometer increased to 49.4 from 46.2 but remained below 50. The employment index slipped to its lowest levels since November 2009 and the order backlogs index declined to its lowest level since September 2009. On the other hand, the new orders index showed a notable increase, climbing back above 50. The S&P/ Case-Shiller house price survey showed that their 20 city-composite house price index rose 0.3 percent month-over-month in April, smaller than the 0.8 percent increase in March. House prices were up an unadjusted 4.9 percent year-over-year, slower than the 5.4 percent increase expected by economists. Discover Mark Cuban's Investing Secrets If you’ve ever watched ABC’s hit TV show, “Shark Tank,” and found yourself thinking:  “I wish I could invest in that company right now. I know I’d make a fortune. It’s a no-brainer!” Then read this message carefully, because it may be the most important wealth-building letter you’ve ever read US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts Automakers are scheduled to release their total vehicle sales for June. Economists expect auto sales to come in at a seasonally adjusted annual rate of 17.2 million units compared to a 17.8 million-unit rate in May. Private sector employment in the U.S. increased by more than expected in the month of June, according to a report released by payroll processor ADP. ADP said employment in the private sector jumped by 237,000 jobs in June following an upwardly revised increase of 203,000 jobs in May. Economists had expected an increase of about 220,000 jobs compared to the addition of 201,000 jobs originally reported for the previous month. The better than expected private sector job growth in the month of June was the strongest since an increase of 275,000 jobs last December. Markit is set to release the final manufacturing PMI data for the U.S. at 9:45 am ET. Economists expect a reading of 53.7 for June compared to 54 in May. The Institute for Supply Management is scheduled to release the results of its national manufacturing survey for June at 10 am ET. The consensus estimate calls for an increase in the index to 53.2 from 52.8 in May. Manufacturing activity expanded for the 29th consecutive month in May. The manufacturing PMI rose to 52.8 in May from 51.5 in April, while economists expected a more modest improvement to 51.8. Of the 18 manufacturing industries, 14 reported growth. The new orders index rose 2.3 points to 55.8 and the employment index increased 3.4 points to 51.7, while the production index slipped 1.5 points to 54.5. Around the same time, the Commerce Department is due to release its construction spending report for May. Economists expect construction spending to have increased by 0.5 percent month-over-month. Construction spending jumped 2.2 percent month-over-month in April, ahead of the 0.7 percent increase expected by economists. Spending on private construction rose 1.8 percent, with residential construction spending adding 0.6 percent and non-residential construction spending climbing 3.1 percent. Public construction spending was up 3.3 percent. The Energy Information Administration will release its weekly petroleum status report for the week ended June 26th at 10:30 am ET. Crude oil stockpiles fell by 4.9 million barrels to 463 million barrels in the week ended June 19th. Despite the drop, inventories were near levels not seen for this time of the year in at least the last 80 years. Meanwhile, gasoline inventories rose by 0.7 million barrels and were in the upper half of the average range. Distillate stockpiles climbed by 1.8 million barrels but remained in the lower half of the average range for this time of the year. Refinery capacity utilization averaged 93.7 percent over the four weeks ended June 19th compared to 93.6 percent over the four weeks ended June 12th. 4 Days, 4 Trades, +40% Average Returns! After years of develoment and testing , a lead stock options trader has develped a simple system that harnesses the power and leverage of options, yet is so easy to use anyone can do it. He'll show you step-by-step how he found and placed 4 trades, and in just 4 days they averaged +40% returns! See exactly how you can use this 10 minute strategy for yoursef by clicking here. Stocks in Focus FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts Insurers ACE (ACE) and Chubb Corp. (CB) said the Boards of directors of both companies have unanimously approved a definitive agreement for ACE to acquire Chubb in a cash and stock deal valued at $28.3 billion. General Mills (GIS) reported better than expected fourth quarter earnings, while its revenues missed estimates. The company adjusted earnings per share for the first quarter to grow in the mid-single digit rate and flat net sales growth in constant currency. Paychex (PAYX) reported better than expected fourth quarter results. Xerox (XRX) announced the completion of its previously announced sale of its IT Technology Outsourcing business to Atos, with the sale generating after tax proceeds of $850 million. Save on Electricity and Natural Gas Sign up with ADVFN Preferred Energy Partner Just Energy and start saving on your for electricity, natural gas, solar and green energy bills. Click Here. European Markets European stocks are limping back to normalcy after the Greek-induced sell-off. The major averages in the region opened higher and sustained the gains in early trading. With news emerging that Greece may agree to all bailout proposals, the averages launched into a strong rally and are currently notably higher. There was no escape from the inevitable, with Greece officially defaulting on its 1.6 billion euro payment to the IMF overnight. However, Greece did not go down with a whimper, as it made last bid efforts to get an extension to its international bailout and a 2-year funding and debt restructuring program. Meanwhile, the European Central Bank's Governing Council is set to meet later today to discuss Greece. German Chancellor Angela Merkel, however, has ruled out any discussion on Greece before the July 5th referendum. On the economic front, revised estimates released by Markit showed that the eurozone manufacturing PMI was unrevised at 52.5 in June compared to the May reading of 52.2. The PMI for France was upwardly revised to 50.7, while the German PMI was unrevised at 51.9. The results of a survey by Markit and the Chartered Institute of Procurement & Supply showed that the U.K. manufacturing PMI fell to 51.4 in June from 51.9 in May, trailing expectations for a reading of 52.5. 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 ended higher for the second straight session, heralding the third consecutive quarter with a positive showing, even as the roller-coaster ride of the Chinese market continued. The Shanghai Composite gave back over 5 percent after rising by around as much in the previous session. The Japanese market advanced as the yen was weaker in Asian trading. The market also received support from some domestic economic data. The Nikkei 225 Index opened higher and held mostly above the unchanged line for the rest of the session before ending moderately higher. At the close of trading, the index was up 93.59 points or 0.46 percent at 20,329. Financial, construction, real estate, retail and food stocks gained ground, while beverage, chemical, paper, steel, auto, and technology stocks moved to the downside. Australia's All Ordinaries Index also spent the better part of the session above the unchanged line before ending at the day's high. By virtue of its 54.80 point or 1.01 percent advance, the index ended at 5,506. A majority of stocks rose in the session, led by industrial and healthcare stocks. On the other hand, material stocks came under selling pressure. Hong Kong's Hang Seng Index added 283.05 points or 1.09 percent before closing at 26,250, while China's Shanghai Composite Index plummeted 223.52 points or 5.23 percent to 4,054. On the economic front, the results of the Bank of Japan's quarterly Tankan survey showed that sentiment among large manufacturers remained upbeat in the second quarter. The large manufacturers' index rose 3 points to 15, while economists estimated a score of 12. The outlook index also exceeded expectations. The survey also showed that large manufacturers expect to boost their spending by 9.3 percent compared to the 5.3 percent increase expected by economists. The final estimate of the Japanese manufacturing PMI for June released by Markit Economics and the JMMA came in at 50.1, upwardly revised from the flash estimate of 49.9 but down from 50.9 in May. Meanwhile, Markit's survey along with HSBC revealed that the Chinese manufacturing sector contracted at a slower rate in June. The manufacturing PMI rose to 49.4 from 49.2 in May, although it was down from the preliminary estimate of 49.6. Official data released by the Chinese National Bureau of Statistics showed that the manufacturing PMI remained at 50.2 in June, but it was below the consensus estimate of 50.4. The non-manufacturing index published by the bureau rose to 53.8 from 53.2. A report released by the Australian Bureau of Statistics showed that the total number of building approvals rose 2.4 percent month-over-month in May, ahead of the 1.2 percent increase expected by economists. Annually, permits rose a better than expected 17.6 percent. Meanwhile, the results of the survey by the Australian Industry Group showed that the manufacturing PMI for Australia fell to a 22-month low of 44.2 in June from 52.3 in May. 4 Days, 4 Trades, +40% Average Returns! After years of develoment and testing , a lead stock options trader has develped a simple system that harnesses the power and leverage of options, yet is so easy to use anyone can do it. He'll show you step-by-step how he found and placed 4 trades, and in just 4 days they averaged +40% returns! See exactly how you can use this 10 minute strategy for yoursef by clicking here. Currency and Commodities Markets Crude oil futures are sliding $0.68 to $58.79 a barrel after advancing $1.14 to $59.47 a barrel on Tuesday. Meanwhile, an ounce of gold is trading at $1,169, down $2.80 from the previous session's close of $1,171.80. On Tuesday, gold fell $7.20. On the currency front, the U.S. dollar is trading at 123.02 yen compared to the 122.50 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.1096 compared to yesterday's $1.1147.     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. 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Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Wednesday, 01 July 2015 10:05:46 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: ADS Securities FREE Financing on Equity and Index Trades Apply Now London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: FTSE rebounds after sell-off as Greece defaults UK stock markets advanced on Wednesday morning, bouncing back after a Greece-inspired sell-off pushed the FTSE 100 to a new five-month low the previous session. As expected, Greece defaulted on its €1.6bn repayment to the IMF on Tuesday night, with the institution officially declaring that Athens was "in arrears". It said that Greece can now only receive further funding from the global lender once the arrears are cleared. Nevertheless, after four days of losses, Wednesday morning saw the FTSE 100 was up 0.74% at 6,569.49 in early trading, after settling at 6,520.98 on Tuesday, its lowest close since 12 January. Dealer Jonathan Sudaria from London Capital Group said: "Now that the inevitable has occurred, it looks as though markets are taking solace in having some mild form of certainty. However, don't take todays start as a sign of a turn around, more the start of a consolidation period in the run up the referendum." Athens handed a last-minute proposal on Tuesday, requesting a new two-year bailout programme from the European Stability Mechanism to help pay €29.15bn in debt due between 2015 and 2017. Eurozone finance ministers held a teleconference call on Tuesday evening but dismissed Greece's offer, which was rumoured to contain no new concessions. Wednesday's session is likely to be busy in terms of macroeconomic data, with manufacturing purchasing managers' indices (PMIs) due out in China, the UK, Eurozone and US, along with the ADP US employment report and a barrage of other economic indicators Stateside. Overnight, the Chinese government's 'official' manufacturing PMI was unchanged at 50.2 in June, missing the 50.4 estimate, while the non-manufacturing PMI rose to 53.8 from 53.2. Airlines gain, Serco jumps Airline stocks such a Easyjet, IAG, Flybe, Dart and Ryanair were all performing well after an Airports Commission report declared that a third runway should be built at Heathrow. The Commission said the runway was "crucial for the UK's long-term prosperity". Profits in the first half of the year at outsourcer Serco were flat compared to the previous year but "a little better" than predicted, causing shares to surge 10% after the open. However, management have not altered their expectations for the full year. Pub group Greene King edged higher as it reported record retail revenue of £1bn in its full-year results, although profits leaked lower as a result of a decline in like-for-like sales and the impact of the disposal of 275 pubs to Hawthorn Leisure. Tullow Oil gained after taking action to "re-set" the business for the new oil price environment. The company also slightly increased its guidance for full-year production after enjoying strong West Africa oil production in the first half. UK Oil & Gas Investments Dear Subscriber, It’s the stock everyone’s talking about… UK Oil & Gas is a company rich with potential.         Set to go again? The shares are up 440.7% this year alone.*                 And more important news could be on the way. Download your Free Report now Market Movers techMARK 3,110.31 +0.88% FTSE 100 6,569.49 +0.74% FTSE 250 17,641.90 +0.63% FTSE 100 - Risers Standard Chartered (STAN) 1,039.00p +1.96% Sports Direct International (SPD) 732.00p +1.88% Inmarsat (ISAT) 932.50p +1.86% Sky (SKY) 1,056.00p +1.83% Merlin Entertainments (MERL) 434.80p +1.80% BHP Billiton (BLT) 1,270.00p +1.68% ARM Holdings (ARM) 1,054.00p +1.64% Weir Group (WEIR) 1,724.00p +1.59% St James's Place (STJ) 920.00p +1.55% Royal Bank of Scotland Group (RBS) 356.90p +1.54% FTSE 100 - Fallers Admiral Group (ADM) 1,376.00p -0.79% Antofagasta (ANTO) 685.50p -0.58% Tesco (TSCO) 211.35p -0.56% Severn Trent (SVT) 2,077.00p -0.19% Unilever (ULVR) 2,725.00p -0.18% Morrison (Wm) Supermarkets (MRW) 180.50p -0.17% Sainsbury (J) (SBRY) 264.90p -0.15% Centrica (CNA) 263.60p -0.08% FTSE 250 - Risers Serco Group (SRP) 130.00p +10.17% Betfair Group (BET) 2,485.00p +3.28% Just Eat (JE.) 418.80p +2.95% Enterprise Inns (ETI) 126.80p +2.26% Supergroup (SGP) 1,256.00p +2.20% Tullow Oil (TLW) 346.00p +1.85% Ladbrokes (LAD) 132.20p +1.85% Cineworld Group (CINE) 469.40p +1.84% Brewin Dolphin Holdings (BRW) 297.10p +1.78% Bellway (BWY) 2,414.00p +1.77% FTSE 250 - Fallers CLS Holdings (CLI) 1,800.00p -3.23% Daejan Holdings (DJAN) 5,750.00p -2.54% Computacenter (CCC) 757.50p -2.38% Euromoney Institutional Investor (ERM) 1,194.00p -1.89% Vectura Group (VEC) 176.10p -1.84% Rank Group (RNK) 216.50p -1.72% Nostrum Oil & Gas (NOG) 583.50p -1.52% Just Retirement Group (JRG) 170.90p -1.44% Thomas Cook Group (TCG) 134.90p -1.39% UK Event Calendar Wednesday 01 July INTERIM DIVIDEND PAYMENT DATE A&J Mucklow Group, Bellway QUARTERLY PAYMENT DATE Blackrock North American Income Trust , Total SA QUARTERLY EX-DIVIDEND DATE Torchmark Corp. INTERNATIONAL ECONOMIC ANNOUNCEMENTS Auto Sales (US) (15:00) Construction Spending (US) (15:00) Crude Oil Inventories (US) (15:30) ISM Manufacturing (US) (15:00) ISM Prices Paid (US) (15:00) MBA Mortgage Applications (US) (12:00) PMI Manufacturing (EU) (09:00) PMI Manufacturing (GER) (08:55) Retail Sales (GER) (07:00) GMS Churchill Mining FINALS Anite, Greene King, Koovs EGMS European Assets Trust NV (Regd) AGMS Home Retail Group, Kibo Mining, Renewable Energy Holdings, TechFinancials (DI) TRADING ANNOUNCEMENTS Tullow Oil UK ECONOMIC ANNOUNCEMENTS PMI Manufacturing (09:30) FINAL DIVIDEND PAYMENT DATE Bunzl, Cdialogues , Headlam Group, Rolls-Royce Holdings Worried About Retirement? Download Our Free Guide For Investors with £250K+ Portfolios. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks push higher despite Greek default European stocks rebounded from heavy losses the previous day, taking their cue from upbeat sessions in the US and Asia, as Greece became the first advanced economy to default on a loan with the International Monetary Fund. By 0910 BST, the benchmark Stoxx Europe 600 index was up 0.7%, Germany's DAX was 0.8% higher and France's CAC 40 was up 0.9%. In the periphery, Italy's FTSE Mib was 0.8% higher, while Spain's IBEX 35 was 0.5% firmer. In currency markets, the euro was just a touch lower against the dollar at $1.1109. Meanwhile, in bond markets, yields on 10-year Greek, Spanish and Italian government bonds were fairly steady, while the corresponding yield on the German Bund was also little changed. On Tuesday, Greece requested a last-minute bailout extension, which the fund said it would consider in due course. European finance ministers will meet again on Wednesday and the Eurogroup is due to hold another teleconference later on in the day to discuss the state of play. With banks and the Greek stock market shut, and Athens due to hold a referendum on Sunday on whether to accept creditors' bailout terms, investors will continue to look out for any news on the debt-ridden nation. "Whilst the missed payment puts Greece in arrears, the European Central Bank is likely to hold back from tightening Emergency Liquidity Assistance terms for Greek banks ahead of Sunday's planned referendum," said Rebecca O'Keeffe, head of investment at Interactive Investor. "Official reaction from the ECB governing council and IMF will be closely watched, but in the meantime, despite Greece being without a financial lifeline for the first time since 2010, markets appear to be taking it in their stride, with the euro largely unchanged and equities higher," she added. On the corporate front, Airbus rose after China's state aviation supplies holding company placed an order for dozens of wide-body jets in a multi-billion dollar deal. INVEST IN DUBAI WITH UP TO 10% GUARANTEED RENTAL YIELD Limited availability, initial investment discounted by 26%, rental returns averaging 8.28% guaranteed. For further information, click here. US Market Report US close: stocks inch higher as investors cross their fingers for Greek resolution US stocks inched higher on Tuesday, as markets hit the eye of the Greek financial storm, in the wake of steep sell-offs. At close, the Dow Jones Industrial Average was 21 points higher at 17,618, while the S&P 500 was up 5 points to 2,063 and the Nasdaq gained 28 points to 4,987. Early US gains, which were driven by reports that Athens may be considering a last-minute offer by European Commission chief Jean-Claude Juncker, were distinctly more modest by the closing bell, while European markets extended losses on the uncertainty. "Probably the market still has in the back of its mind the idea this is all a bit of a game and eventually they'll come with some sort of accommodation to avoid a worst-case scenario," said Darren Williams, senior economist at Alliance Bernstein. The Chicago PMI rose in June but fell short of expectations as it failed to cross the 50 threshold that signals expansion. The index rose from 46.2 last to 49.4 in June, the fourth month the gauge has fallen below the 50 level this year, against analysts' expectations calling for a 50.6 reading. Meanwhile, US consumer confidence beat forecast in June, according to figures released by The Conference Board on Tuesday. The index climbed to 101.4 in June from a downwardly revised 94.6 reading in May, exceeding economist forecast of 97.5. In company news, Wynn Resorts was on the up following comments from a Deutsche Bank that while there are no major improvements in Macau's gambling industry, the situation has stabilized. Pentair surged as the Wall Street Journal reported that activist-investment firm Trian Fund Management has taken a 7.2% stake in the valve-and-pump maker and is urging it to get bigger. Freeport-McMoRan extended Monday's losses, with gold prices suffering from waning safe-haven demand, as the dust from Greece's financial crisis began to settle. In Asian markets, Chinese shares rebounded from Monday's steep decline, while Japan's Nikkei edged 0.63% higher. Oil prices gained, while gold prices dipped. The dollar lost ground against the yuan, but was higher against the euro and the pound. S&P 500 - Risers Pentair plc (PNR) $68.75 +6.70% Wynn Resorts Ltd. (WYNN) $98.67 +5.05% Priceline Group Inc (PCLN) $1,151.37 +3.94% Newfield Exploration Co (NFX) $36.12 +3.67% Valero Energy Corp. (VLO) $62.59 +3.35% Monsanto Co. (MON) $106.59 +3.20% Flowserve Corp. (FLS) $52.66 +2.87% Marathon Petroleum Corporation (MPC) $52.31 +2.87% CF Industries Holdings Inc. (CF) $64.28 +2.75% Phillips 66 Common Stock (PSX) $80.56 +2.64% S&P 500 - Fallers TEGNA Inc (TGNA) $32.07 -13.70% Peabody Energy Corp. (BTU) $2.19 -12.75% Western Digital Corp. (WDC) $78.42 -4.32% Freeport-McMoRan Inc (FCX) $18.62 -3.92% Sysco Corp. (SYY) $36.10 -3.84% Zimmer Biomet Holdings Inc (ZBH) $109.23 -3.81% Sandisk Corp. (SNDK) $58.22 -3.27% Seagate Technology Plc (STX) $47.50 -3.10% Allegheny Technologies Inc. (ATI) $30.20 -2.49% NRG Energy Inc. (NRG) $22.88 -2.39% Dow Jones I.A - Risers Walt Disney Co. (DIS) $114.14 +0.96% JP Morgan Chase & Co. (JPM) $67.76 +0.83% Apple Inc. (AAPL) $125.43 +0.72% Unitedhealth Group Inc. (UNH) $122.00 +0.67% Visa Inc. (V) $67.13 +0.61% Goldman Sachs Group Inc. (GS) $208.79 +0.55% Travelers Company Inc. (TRV) $96.66 +0.54% Home Depot Inc. (HD) $111.13 +0.53% Exxon Mobil Corp. (XOM) $83.20 +0.46% E.I. du Pont de Nemours and Co. (DD) $63.92 +0.44% Dow Jones I.A - Fallers Wal-Mart Stores Inc. (WMT) $70.93 -0.69% Merck & Co. Inc. (MRK) $56.93 -0.63% Caterpillar Inc. (CAT) $84.82 -0.56% United Technologies Corp. (UTX) $110.93 -0.54% Microsoft Corp. (MSFT) $44.15 -0.50% Coca-Cola Co. (KO) $39.23 -0.43% McDonald's Corp. (MCD) $95.07 -0.39% Verizon Communications Inc. (VZ) $46.61 -0.34% Cisco Systems Inc. (CSCO) $27.46 -0.29% General Electric Co. (GE) $26.57 -0.26% Nasdaq 100 - Risers Wynn Resorts Ltd. (WYNN) $98.67 +5.05% Priceline Group Inc (PCLN) $1,151.37 +3.94% Tesla Motors Inc (TSLA) $268.26 +2.38% Expedia Inc. (EXPE) $109.35 +2.24% Illumina Inc. (ILMN) $218.36 +2.05% Biogen Inc (BIIB) $403.94 +1.95% Netflix Inc. (NFLX) $656.94 +1.75% Check Point Software Technologies Ltd. (CHKP) $79.55 +1.70% Alexion Pharmaceuticals Inc. (ALXN) $180.77 +1.69% Charter Communications Inc. (CHTR) $171.25 +1.61% Nasdaq 100 - Fallers Western Digital Corp. (WDC) $78.42 -4.32% Sandisk Corp. (SNDK) $58.22 -3.27% Seagate Technology Plc (STX) $47.50 -3.10% Activision Blizzard Inc. (ATVI) $24.21 -1.14% Whole Foods Market Inc. (WFM) $39.44 -0.84% Automatic Data Processing Inc. (ADP) $80.23 -0.84% Mattel Inc. (MAT) $25.69 -0.81% Baidu Inc. (BIDU) $199.08 -0.71% Autodesk Inc. (ADSK) $50.08 -0.66% Save Money on your Energy Bills ADVFN have partnered with the UK’s largest independent energy supplier First Utility to bring you lower energy bills: the average First Utility customer saves £229 per year on their energy. Click here to see how much you could save Newspaper Round Up Wednesday newspaper round-up: Greece, Ocado, Heathrow runway Greece has officially defaulted on its €1.6bn debt repayment to the IMF, making it the first ever developed economy not to pay back the IMF, The Telegraph reports. Ocado boss Tim Steiner has said the online grocer is in "advanced" and "very detailed" discussions with international retailers about selling the use of its technology, and is also mulling the future of its contract with Waitrose, according to The Telegraph. The Airports Commission has backed plans for a third runway at Heathrow airport, claiming that it could generate up to £147bn for the economy over 60 years and 70,000 new jobs by 2050, the Financial Times writes. The national park authority's planning committee has narrowly approved Sirius Minerals' £1.7bn plan to build the world's biggest potash mine in the North York Moors National Park, reports The Times. Thomas Cook has confirmed a controversial £5.6m share payout to its former boss, Harriet Green, one-third of which will be donated to charity, The Guardian reports. Fears of a new Ebola outbreak in Liberia were sparked on Tuesday after officials quarantined a neighbourhood near he capital city following the death of a 17-year-old boy, less than two months after the country was declared Ebola-free, reports The Wall Street Journal. Apple has lost its appeal against a 2013 ruling that said it played a "central role" in conspiring with publishers to raise ebook prices, says the 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 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