Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Wednesday, 02 September 2015 10:01:37 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan Is Lloyds About To Be Sold Off Cheaply? The last of the governement's stake in Lloyds is to be sold off. And this time, the 'little guy' can get involved. 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: Stocks recover from previous session's losses UK stocks recovered ground on Wednesday after a batch of weak manufacturing data sent stocks lower in the previous session. Poor factory reports in China, the UK, Europe and the US weakened sentiment on Tuesday. In particular, two separate figures showing a contraction in Chinese manufacturing fuelled concerns about the slowdown in the world's second largest economy. The data had pushed global stocks into the red but the Asian and UK markets bounced back on Wednesday. "Things are looking a bit better, if still nervy, this Wednesday morning, with the European indices posting sturdy gains as the day began," said Connor Campbell, financial analyst at Spreadex. "However, the fears over China are still looming above the markets like the sword of Damocles, meaning it is far too early to tell what the state of trading will be by the end of the day. The saving grace could be the two-day Chinese holiday that begins on Thursday, which in theory should provide a moment of respite for volatility-weary investors and therefore a chance to avoid the usual last minute panic in the minutes before the closing bell." Away from China, the focus will be on key economic data releases including Markit's UK construction purchasing managers' index at 0930 BST, the US private payrolls report at 1315 BST and US factory orders at 1500 BST. In company news, ASOS slumped after the founder of the online fashion retailer stepped down as chief executive after 15 years. Ashtead gained as the British industrial equipment hire company said it was on track to achieve its full-year expectations after reporting a strong first quarter. Tesco declined as the supermarket chain reportedly chose private equity firm MBK Partners as preferred bidder to buy its South Korean unit. Online gambling company GVC Holdings dropped as it said it could go hostile in the £1bn tug-of-war for Bwin.party Digital Entertainment if Bwin's board recommends a lower offer from 888 Holdings Plc, the Times reported. Royal Dutch Shell and BP shares were sitting lower as oil prices continued to slide with Brent crude down 1.7% to $48.72 per barrel and West Texas Intermediate down 2.4% to $44.34 at 0906 BST. 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Market Movers techMARK 3,062.60 +0.65% FTSE 100 6,074.15 +0.26% FTSE 250 16,891.83 +0.31% FTSE 100 - Risers Hikma Pharmaceuticals (HIK) 2,335.00p +4.94% Ashtead Group (AHT) 961.50p +4.85% Meggitt (MGGT) 501.00p +2.52% 3i Group (III) 469.90p +2.33% ARM Holdings (ARM) 931.50p +1.97% Intu Properties (INTU) 319.70p +1.49% AstraZeneca (AZN) 4,093.50p +1.49% Antofagasta (ANTO) 582.50p +1.39% Admiral Group (ADM) 1,537.00p +1.39% Capita (CPI) 1,212.00p +1.34% FTSE 100 - Fallers Royal Dutch Shell 'B' (RDSB) 1,625.00p -1.28% Royal Dutch Shell 'A' (RDSA) 1,619.00p -1.16% Sainsbury (J) (SBRY) 235.60p -0.97% BP (BP.) 346.80p -0.74% BG Group (BG.) 958.00p -0.72% Taylor Wimpey (TW.) 194.70p -0.66% Glencore (GLEN) 132.65p -0.64% Marks & Spencer Group (MKS) 502.50p -0.59% Persimmon (PSN) 2,030.00p -0.59% Fresnillo (FRES) 598.00p -0.58% FTSE 250 - Risers Redefine International (RDI) 53.75p +2.97% Electra Private Equity (ELTA) 3,275.00p +2.34% Fidelity China Special Situations (FCSS) 117.10p +2.27% Synergy Health (SYR) 1,624.00p +2.20% DCC (DCC) 4,894.00p +2.09% Indivior (INDV) 222.80p +1.97% Aggreko (AGK) 1,045.00p +1.85% Derwent London (DLN) 3,595.00p +1.58% SEGRO (SGRO) 420.40p +1.55% BTG (BTG) 631.50p +1.53% FTSE 250 - Fallers Halfords Group (HFD) 469.80p -7.88% Diploma (DPLM) 665.50p -6.99% Premier Oil (PMO) 99.00p -4.53% Evraz (EVR) 68.25p -3.74% Ophir Energy (OPHR) 94.95p -3.31% Clarkson (CKN) 2,265.00p -2.37% Just Retirement Group (JRG) 187.60p -2.04% Foxtons Group (FOXT) 236.10p -1.34% Debenhams (DEB) 74.00p -1.33% Tullow Oil (TLW) 215.80p -1.33% FTSE TechMARK - Risers Filtronic (FTC) 6.75p +8.00% Dialight (DIA) 654.00p +3.32% SDL (SDL) 376.00p +1.01% KCOM Group (KCOM) 96.50p +0.52% Spirent Communications (SPT) 78.25p +0.32% Oxford Instruments (OXIG) 842.50p +0.18% Oxford Biomedica (OXB) 7.71p +0.13% IShares Euro Gov Bond 7-10YR UCITS ETF (IEGM) € 198.97 +0.12% FTSE TechMARK - Fallers UCW Limited (UCW) A$0.01 -6.67% XP Power Ltd. (DI) (XPP) 1,577.00p -2.95% NCC Group (NCC) 236.50p -1.46% Consort Medical (CSRT) 940.00p -1.05% Skyepharma (SKP) 323.00p -0.23% UK Event Calendar Wednesday 02 September INTERIMS Biome Technologies, Concurrent Technologies, Fishing Republic , Johnson Service Group INTERIM DIVIDEND PAYMENT DATE Man Group INTERNATIONAL ECONOMIC ANNOUNCEMENTS Beige Book Fed Survey (US) (19:00) Factory Orders (US) (00:00) Goods Orders (US) (15:00) Producer Price Index (EU) (10:00) AGMS Aberdeen New Dawn Investment Trust, Ashtead Group, Lindsell Train Inv Trust, PCG Entertainment (DI), Severfield TRADING ANNOUNCEMENTS Diploma UK ECONOMIC ANNOUNCEMENTS PMI Construction (09:30) FINAL DIVIDEND PAYMENT DATE 1pm Q1 Ashtead Group PROVEN Trading Strategy - Made 7478 pips in 2014 and 5176 by April 2015. Earn a tax free income trading, from just 20 minutes a day.  Our simple to follow, rules based trading strategy will  tell you exactly when to buy and sell with confidence. Register for a FREE brochure and trading guide, Click Here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Equity markets recover from two days of losses European stocks rose in early trade, bouncing back from two consecutive days of losses on the back of worries about a slowdown in China. At 0900 BST, the benchmark Stoxx Europe 600 index and France's CAC 40 were up 0.6%, while Germany's DAX was 0.7% firmer. "Markets are calmer this morning, providing a slight reprieve for investors after the significant falls seen yesterday," said Rebecca O'Keeffe, head of investment at Interactive Investor. "However, although Chinese markets are closed for the rest of the week, investors still face a high degree of uncertainty over the coming days. Friday's US employment report could be crucial to the Federal Reserve's decision whether or not to hike rates at its September meeting." O'Keeffe added: "Despite recent market turbulence, the probability of a rate rise in September remains delicately poised at around 50%. Ahead of the long Labour Day weekend in the US, changes in this perceived probability could push the market violently in either direction. In corporate news, Alstom gained after a press report suggesting that General Electric is set to win European regulators' approval for its purchase of the French company's energy business. Swiss pharmaceutical company Novartis rose after announcing that it has formed a partnership with Amgen Inc to develop new drugs for Alzheimer's disease and migraines. Irish carrier Ryanair rallied after saying traffic grew 10% year-on-year to 10.4m customers, while the load factor, which measures how many seats were actually taken up on each flight, rose 2% to 95%. Retailer Tesco was in focus following media reports that it has chosen private equity firm MBK Partners as preferred bidder for its South Korean unit, Homeplus. Industrial equipment rental firm Ashtead added gains after reporting better-than-expected first quarter pre-tax profits. Open a new account & trade online for just £5.95 for your first 3 months Better platform, Better tools,  Better welcome,  Better trading - TD Direct Investing. Find out more You may not get back all the money you invest  US Market Report US close: Dow Jones plunges over 450 points on weak Chinese data US stocks sank on Tuesday, as disappointing economic data from China weighed on sentiment on Wall Street. The Dow Jones Industrial Average suffered its third-biggest drop in the year, closing down 469.68 points to 16,058.35, while the S&P 500 and the Nasdaq fell 58 and 132 points respectively. Chinese data disappoints The official Chinese manufacturing sector purchasing managers' index fell to a three-year low of 49.7 in August from a print of 50 the month before, while the Caixin China manufacturing PMI hit a six-and-a-half year low of 47.3. The Shanghai Composite ended down 1.2%, while the Hang Seng fell 2.2% and Japan's Nikkei slumped 3.8%. "Chinese markets have started the week just as the past three weeks have begun, with widespread selling and the expectation that the worst may not yet be over," said IG's market analyst Joshua Mahony. "There are precious few signs that China is beginning to recover, and while PBoC action can provide a temporary reprieve, we are yet to see any evidence that it is doing any good to the economy." Elsewhere, European equity markets slid on Tuesday, kicking the new month off on a downbeat note as weak Chinese manufacturing data compounded worries about a slowdown in the world's second-largest economy. The dollar edged 0.38% higher against the pound, but it tumbled 0.67% and 1.10% against the euro and the yen respectively, while gold futures climbed 0.59% to $1,139.20. Tuesday data The Institute for Supply Management revealed its manufacturing index declined from 52.7% to 51.1% in August, falling below the 52.2% reading analysts had expected. The sub-index monitoring new orders fell 4.8 points to 51.7%, the lowest since May 2013, while the employment gauge edged 1.5 points lower to 51.2%. "The export index lost 0.5 points to 46.5%, an indication of the tougher conditions faced by US firms that are exposed to foreign markets," said analysts at Barclays. "The weaker-than-expected headline reading and broad-based softness in the August manufacturing ISM suggest that the goods-producing sector is likely to remain subdued in the third quarter." Meanwhile, according to the Commerce Department, outlays for construction projects rose 0.7% in July to a seasonally adjusted rate of $1.08trn, the highest level since May 2008 and in line with expectations. June's gain was revised upwardly to show a 0.7% jump compared to the 0.1% increase that had originally been reported. In other economic news, the final Markit US PMI came in at 53.0 in August, slightly lower than the 53.8 figure reported in July. Oil stocks under pressure Oil prices sank, with West Texas Intermediate losing 9.02% to $45.13 a barrel, while Brent lost 9.95% to $49.25 a barrel. In company news, oil-related stocks were among the biggest fallers, with Chevron falling 3.46%, while Transocean lost 3.65% and Marathon Oil slid 2.54%. Meanwhile, chain discount Dollar Tree plunged 9.24% after its second quarter results missed estimates. S&P 500 - Risers Windstream Holdings Inc (WIN) $7.41 +3.06% Cablevision Systems Corp. (CVC) $25.67 +1.99% Sigma-Aldrich Corp. (SIAL) $139.45 +0.03% Delta Airlines Inc. (DAL) $43.78 +0.00% S&P 500 - Fallers Reynolds American Inc. (RAI) $40.83 -51.25% Peabody Energy Corp. (BTU) $2.21 -18.15% Denbury Resources Inc. (DNR) $3.64 -16.13% Avon Products Inc. (AVP) $4.74 -8.67% Dollar Tree Inc (DLTR) $69.65 -8.67% Freeport-McMoRan Inc (FCX) $9.76 -8.27% Murphy Oil Corp. (MUR) $28.50 -8.06% Joy Global Inc. (JOY) $22.30 -7.93% Netflix Inc. (NFLX) $105.93 -7.91% QEP Resources Inc (QEP) $13.05 -7.05% Dow Jones I.A - Risers Dow Jones I.A - Fallers Apple Inc. (AAPL) $107.89 -4.32% Exxon Mobil Corp. (XOM) $72.11 -4.16% JP Morgan Chase & Co. (JPM) $61.51 -4.04% Microsoft Corp. (MSFT) $41.82 -3.91% General Electric Co. (GE) $23.90 -3.69% American Express Co. (AXP) $74.01 -3.53% International Business Machines Corp. (IBM) $142.71 -3.50% Chevron Corp. (CVX) $78.22 -3.42% Goldman Sachs Group Inc. (GS) $182.16 -3.41% Visa Inc. (V) $69.13 -3.04% Nasdaq 100 - Risers Sigma-Aldrich Corp. (SIAL) $139.45 +0.03% Nasdaq 100 - Fallers Dollar Tree Inc (DLTR) $69.65 -8.67% Netflix Inc. (NFLX) $105.93 -7.91% Wynn Resorts Ltd. (WYNN) $71.00 -5.40% Avago Technologies Ltd. (AVGO) $119.37 -5.24% Linear Technology Corp. (LLTC) $38.46 -4.52% Apple Inc. (AAPL) $107.89 -4.32% Vimpelcom Ltd Ads (VIP) $4.47 -4.28% Maxim Integrated Products Inc. (MXIM) $32.23 -4.28% Tesla Motors Inc (TSLA) $238.63 -4.19% Successful Property Investng Find out how to build your own specialist buy-to-let property portfolio that gives you an income for life. Sign up to our newsletter. Click Here Newspaper Round Up Wednesday newspaper round-up: Tesco, crude oil, Poundland Tesco has named a consortium led by South Korean private equity firm MBK Partners as the preferred bidder for its business in the country, according to two people with knowledge of the situation. MBK now appears to have beaten off rival bids from US buyout firm KKR, which partnered with the local firm Affinity, and Carlyle Group write Simon Mundy and Jennifer Thompson. - Financial Times One of the biggest bears in the oil market has not been swayed by the snap rally that pushed the crude price up by more than 25 per cent in just three trading sessions. Pierre Andurand, the hedge fund manager who returned 51% before fees last year by betting against the oil price, told the Financial Times that the market had overreacted to signs of slowing US crude production and comments by OPEC. He believes prices will head lower again, possibly dropping below $30 a barrel. - Financial Times Morgan Stanley has issued a "full house" buy alert on international stock markets for the first time since early 2009, effectively calling the bottom of this summer's equity slump. The US investment bank said that all five of its market-timing signals are now flashing a buy signal as selling-fever reaches capitulation levels. - Telegraph More than half of owners of small and medium-sized businesses are using personal savings or remortgaging their homes to keep their firms financially healthy, a survey suggests. However, this means that 65% of UK small businesses expect to take on extra staff over the next two years, according to the report's authors. - Telegraph Millions of Tesco credit card holders will see their cash earnings halved overnight as a result of new European laws that have forced several high street lenders to withdraw cashback deals. Currently 2.8m people can save "Clubcard points" by using a Tesco credit card for daily spending, which can be redeemed in-store or at some restaurants and businesses. But from November, Tesco Bank will halve earnings on shopping outside its own supermarket, which pays 1p for every £4 spent. - Telegraph Poundland, which has built a near-£900m business from selling goods with a single price tag of £1, has started an online shopping service in a bid to deepen its appeal to bargain-conscious shoppers - with a delivery charge of £4. Launched on Tuesday, the website sells more than 2,000 items across Poundland's traditional range of food and drink, homeware, toys and stationery. - Guardian Central London Property Investment Paying 15% Per Annum Limited availability, serious investors only click here   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE To advertise in the Euro Markets Bulletin please contact patrick@advfn.co.uk     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

ADVFN Newsdesk - Traders Wary After Two Sessions of Strong Gains

ADVFN  World Daily Markets Bulletin Daily world financial news Tuesday, 01 September 2015 09:10:11    Monitor Quote Charts News Toplists Forex Boards   Easy-to-use Signal System Picks Stocks With 90% Accuracy Here are a few examples of stocks our system said to buy: - VCI shot up 233% soon after we said BUY - ETM shot up 953% soon after we said BUY Click Here To Try It Risk-Free For The Next 30 Days! 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 notably lower opening on Tuesday, with sentiment pointing to extreme negativity following the release of lackluster manufacturing data out of China. Chinese growth concerns, which have pushed the markets to the defensive, could intensify, given the ability of China to derail or prop up global growth due to it being the biggest consumer of resources. Commodities are also weaker, with oil down over $1-a-barrel, although the safe haven gold is finding some strength. The domestic markets may also focus on two domestic factory activity data due for the day after Europe reported slackening manufacturing growth. U.S. stocks retreated on Monday, as risk aversion continued to hold its sway over the markets amid the uncertain domestic interest rate outlook and Chinese growth concerns. However, a rally in energy stocks helped trim some of the losses. The major averages opened lower and fell further in early trading. Although the averages recouped most of their losses by the mid-session, they retreated steadily until late trading. After regaining some ground, the averages ended notably lower. The Dow Industrials fell 114.98 points or 0.69 percent before ending at 16,528 and the S&P 500 Index closed 16.69 points or 0.84 percent lower at 1,972, while the Nasdaq Composite ended at 4,777, down 51.82 points or 1.07 percent. Twenty-four of the thirty Dow components ended lower for the session, with Boeing (BA), Merck (MRK), United Technologies (UTX) and Visa (V) among the worst hit. Among the sectors, utility, biotechnology and gold stocks came under selling pressure, while energy stocks rallied. On the economic front, MNI Indicators' survey of business activity in the Chicago region showed that the business barometer unexpectedly declined to 54.4 in August from 54.7 in July, while economists expected a reading of 54.9. The inner details were bleak. Growth in new orders and production slowed and order backlogs fell further into contraction territory. Employment contracted for the fourth straight month. The Dallas Federal Reserve's manufacturing survey showed a further deterioration in activity levels, with the corresponding PMI slipping to -15.8 in August from -4.6 in July, while economists expected a reading of -2.5. Market Shrink Predicts Market Reversal dates in Advance What if you knew when the markets were going to reverse - weeks in advance? Market timing guru Wood Dorsey can tell you. His Sentiment Timing report makes that infomation available to retail investors.  Click here to get the date of the next market reversal Free US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts The nation's automakers are scheduled to release the monthly auto sales data for August. Economists expect total vehicle sales to come in at a seasonally adjusted annual rate of 17.3 million units compared to 17.6 million units in July. Markit is due to release the final results of its U.S. manufacturing PMI for August at 9:45 am ET. The consensus estimate calls for a reading of 53 for the month, down from 53.8 in July but up from the mid-month reading of 52.9. The Institute for Supply Management is scheduled to release its national manufacturing PMI for August at 10 am ET. Economists expect the index to edge up to 52.8 from 52.7 in July. Manufacturing activity slowed in July. The corresponding PMI slid to 52.7 in July from 53.5 in June, while economists expected a reading of 53.7. The order backlogs index fell 4.5 points to 42.5 and the employment index fell 1.5 points to 48. On the other hand, the new orders index rose about 0.5 points to 56.5 and the production index remained strong at 56, up 2 points. Of the 18 manufacturing industries surveyed, 11 reported growth in July. Also at 10 am ET, the Commerce Department is set to release its construction spending data for July. Economists expect construction spending growth of 0.8 percent month-over-month. Construction spending edged up 0.1 percent month-over-month in June compared to the upwardly revised 1.8 percent increase in May. Economists expected a 0.6 percent increase. Spending on private construction was down 0.5 percent, with non-residential construction spending falling 1.3 percent and acting as a drag. On the other hand, residential construction spending was up 0.4 percent. Public construction spending climbed 1.6 percent. Boston Federal Reserve Bank President Eric Rosengren is due to speak on the economic outlook in New York at 1:10 pm ET. 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 General Electric (GE) announced that it has completed the previously announced sale of its U.S. fleet service business to Element Financial in a deal valued at about $5 billion. Dollar Tree (DLTR) reported below-consensus earnings and revenues for its second quarter and the company's full year and third quarter revenue guidance was weak. Donaldson (DCI) reported better than expected fourth quarter adjusted earnings and sales and the company's full year 2016 guidance was lackluster. Cathay General Bancorp. (CATY) said its board has adopted a new stock repurchase program, authorizing the company to buy back up to 2 million shares of its common stock. Donaldson (DCI) announced the acquisition of 100 percent of the shares of Engineered Products Company. Bob Evans (BOBE), H&R Block (HRB) and Shoe Carnival (SCVL) are the important companies due to release their quarterly results after the close of trading. Confused by options but KNOW there's massive potential? If you're feeling that way...don't. I'll GIVE you the  Complete Guide To Understanding Options Trading. It'll give you the actionable strategies, understanding, and insight YOU need to become the options trader you know you can be...Get the FREE eBook HERE… European Markets European stocks are being sold off heavily, as Chinese concerns strangulate the markets. All three major averages in the region are down over 2 percent each. In corporate news, Rentokil announced that it agreed to acquire U.S.-based pest control company Steritech Group for $425 million in cash, subject to U.S. regulatory approval. On the economic front, final estimates released by Markit showed that growth in eurozone manufacturing activity slowed in August. The manufacturing PMI edged down to 52.3 from 52.4 in July. The flash estimate had called for a reading of 52.4. Growth in U.K. manufacturing activity also slowed in August, according to a report released by Markit and the Chartered Institute of Procurement & Supply. The manufacturing PMI declined to 51.5 in August from 51.9 in July. Meanwhile, a Bank of England report showed that mortgage approvals increased more than expected in July. Data released by the German Federal Statistics Office showed that the jobless rate remained unchanged at 4.7 percent in July. The number of unemployed people edged down during the month. The Federal Labor Agency reported that the German unemployment rate for August was unchanged at 6.4 percent, in line with expectations. The number of unemployed people fell by 7,000 in July, more than the 4,000 drop expected by economists. +$1 million Profit on Tesla...in TWO DAYS!? Simple...right place, time, strategy. But it was options he used to make a once in a lifetime trade. Today you've got a chance to learn the exact strategies that lead to a million-dollar trade. FREE! The Complete Guide To Understanding Options (Click here to receive a complimentary copy) Asian markets USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts The Asian markets fell across the board, as Chinese growth worries intensified following the release of lackluster manufacturing data. The Japanese market fell the most, as the yen rallied on risk aversion. The Australian, Hong Kong and Taiwanese markets also retreated sharply. An unchanged stance from the Reserve Bank of Australia did little to improve sentiment. The Japanese market opened lower and declined in early trading. After moving sideways in the mid-session, the Nikkei 225 Index fell steadily in the afternoon before ending down 724.79 points or 3.84 percent at 18,166. All of the index components ended lower. Australia's All Ordinaries Index showed indecisiveness in early trading but languished firmly in negative territory for the rest of the session. The index ended down 105 points or 2.01 percent at 5,117. The market witnessed an across the board sell-off. China's Shanghai Composite Index ended at 3,167, down 39.36 points or 1.23 percent, and Hong Kong's Hang Seng Index closed 485.15 points or 2.24 percent lower at 21,185. On the economic front, the revised estimate released by Markit showed that the Chinese manufacturing sector contracted by the most in 6 years in August. A separate report also showed that the service sector expanded at the slowest pace in the current 13-month growth sequence. The manufacturing PMI eased to 47.3 in August, down from 47.8 in July but up from the flash estimate of 47.1. The service sector PMI fell to 51.5 from 53.8 in July. Official data released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing showed that the manufacturing PMI fell 0.3 points to 49.7, thus entering contraction territory. Following the conclusion of the Monetary Policy Board meeting, the Reserve Bank of Australia announced its decision to leave rates unchanged at a record low of 2 percent for the fourth straight meeting. The bank stated that it would assess economic and financial conditions over the period ahead to decide on the future course of action. The Australian Bureau of Statistics reported that new building approvals rose 4.2 percent month-over-month in July, ahead of the 3 percent growth expected by economists. Annually, approvals were up by 13.4 percent. Meanwhile, a separate report showed that the icurrent account deficit in Australia came in wider than expected in the second quarter, as the trade deficit widened. A report released by the Japanese Ministry of Finance showed that capital spending rose 5.6 percent sequentially in the second quarter, slower than the 8.8 percent growth expected by economists. However, company profits surged up 23.8 percent in the quarter, notably better than the 2.2 percent growth expected by economists. Revised manufacturing PMI for Japan released by Markit and Nikkei showed that the manufacturing sector expanded less than initially estimated in August, although the rate of expansion outpaced the growth seen in the previous month. We have your book on hold... Best-selling author Jim Rickards has just released a new book called The Big Drop. Inside, it warns of a few critical dangers that every American should begin preparing for right now. However, this book is not available for sale. Instead, we're on a nationwide campaign to spread the book far and wide for FREE. Click here to learn how to claim a copy Currency and Commodities Markets Crude oil futures are declining $1.51 to $47.69 a barrel after jumping $3.98 to $49.20 a barrel on Monday. Meanwhile, an ounce of gold is currently-trading at $1,141.40, up $8.90 from the previous session's close of $1,132.50. On Monday, gold dropped $1.50. On the currency front, the U.S. dollar is trading at 120.83 yen compared to the 120.87 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is valued at $1.1270 compared to yesterday's $1.1211.     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 Tuesday, 01 September 2015 10:29:47 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan Is Lloyds About To Be Sold Off Cheaply? The last of the governement's stake in Lloyds is to be sold off. And this time, the 'little guy' can get involved. 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: Stocks open lower on weak Chinese manufacturing data UK stocks opened in the red on Tuesday after weak Chinese manufacturing data fuelled concerns about the world's second largest economy. The official purchasing managers' index for China manufacturing activity fell to 49.7 in August from the previous month's reading of 50. A figure below 50 signals a contraction in the sector while a level above that indicates expansion. The Caixan PMI was unexpectedly revised upwards to 47.3 in August from the previous estimate of 47.1 but the figure still revealed a contraction. "Concerns about Chinese growth as well as the prospect of a US rate rise have seen European markets come off their worst monthly performance since 2011, though that does have to be tempered somewhat by last week's strong rebound, as China cut rates further while senior Fed official and new York Fed President Bob Dudley suggested a September rate rise was now 'less compelling' than previously thought," said Michael Hewson, chief market analyst at CMC Markets UK. "Even the Atlanta Fed's Dennis Lockhart softened his earlier rhetoric about a September rate rise hinting he may be having second thoughts given recent market volatility." However, over the weekend Deputy Fed Chairman Stanley Fisher indicated that the central bank is looking to increase rates as soon as possible as there is good reason to suggest inflation would rise towards the 2% target. On an upbeat note for the markets, Monday data showed German retail sales rose 3.3% in July compared to a year ago, exceeding expectations for a 1.7% increase. Eurozone inflation remained unchanged at 0.2% year-on-year growth in August, Eurostat revealed on Monday, compared to forecasts of 0.1% but well below the European Central Bank's target of just below 2%. Turning to Tuesday's agenda, UK manufacturing PMI is due at 0930 BST while Eurozone jobs data will be released at 1000 BST. In the US, Markit's final estimate of manufacturing activity is out at 1445 BST, construction spending will be published at 1500 BST and ISM's manufacturing report comes at 1500 BST. Meanwhile, oil prices dropped nearly $2 a barrel shortly after Brent and West Texas Intermediate crude jumped more than 8% in the previous session. WTI had soared 27.5% by the end of three days of gains on the previous session, the biggest three-day increase in dollar terms since February 2011. The rally came after OPEC said the cartel was willing to talk to other producers to achieve reasonable oil prices. A downward revision of US output data by the US Energy Information Administration also boosted prices. At 0835 BST on Tuesday WTI was down 3% to $47.75 per barrel, while Brent fell 2.2% to $52.96. On the company front, Shire slumped as the company's chief executive vowed to cut $1bn of costs if a deal to buy Baxalta goes through. Astrazeneca was also lower as the company entered into a collaboration agreement with Valeant Pharmaceuticals International under which it will grant an exclusive licence for Valeant to develop and commercialise psoriasis drug brodalumab. Bwin.Party Digital Entertainment dropped following reports the gambling group received a revised proposal from 888 Holdings, which it is evaluating along with the offer received from GVC Holdings and said it intends to consult with its shareholders in the coming days before making a decision. Rentokil Initial gained as it reached an agreement to buy US-based The Steritech Group for $425m in cash to accelerate the growth of its pest control business. Inmarsat surged as the satellite telecoms group confirmed the successful launch into orbit of the I-5 F3 Global Xpress satellite. SG Market Master 2015 Build the ultimate virtual portfolio from our range of Short & Leverage ETPs without risking a penny for real and you could win prizes that money can’t buy: Rugby World Cup 2015 signed shirts, balls, and match day tickets with hotel accommodation. 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Market Movers techMARK 3,061.18 -1.23% FTSE 100 6,161.33 -1.39% FTSE 250 16,919.62 -1.09% FTSE 100 - Risers Inmarsat (ISAT) 994.50p +1.38% Admiral Group (ADM) 1,558.00p +0.52% Royal Dutch Shell 'A' (RDSA) 1,701.50p +0.38% TUI AG Reg Shs (DI) (TUI) 1,160.00p +0.35% Royal Dutch Shell 'B' (RDSB) 1,709.00p +0.15% RSA Insurance Group (RSA) 514.50p +0.10% FTSE 100 - Fallers Shire Plc (SHP) 4,860.00p -3.28% Old Mutual (OML) 194.00p -3.10% Persimmon (PSN) 2,043.00p -2.85% GKN (GKN) 283.80p -2.71% Mondi (MNDI) 1,439.00p -2.64% Burberry Group (BRBY) 1,374.00p -2.62% ARM Holdings (ARM) 909.50p -2.57% Dixons Carphone (DC.) 420.50p -2.53% Morrison (Wm) Supermarkets (MRW) 164.50p -2.37% Standard Chartered (STAN) 747.40p -2.30% FTSE 250 - Risers St. Modwen Properties (SMP) 458.20p +2.60% Restaurant Group (RTN) 679.50p +1.95% Cobham (COB) 286.80p +1.85% Nostrum Oil & Gas (NOG) 498.80p +1.82% Tullow Oil (TLW) 226.70p +1.57% Rentokil Initial (RTO) 150.40p +1.42% Redefine International (RDI) 53.50p +1.42% Lookers (LOOK) 164.00p +1.23% Vectura Group (VEC) 173.90p +1.10% Ophir Energy (OPHR) 97.90p +1.08% FTSE 250 - Fallers Rotork (ROR) 196.90p -5.83% Henderson Group (HGG) 246.00p -5.17% Indivior (INDV) 213.20p -4.61% Man Group (EMG) 154.30p -4.22% Acacia Mining (ACA) 232.00p -3.05% Grainger (GRI) 228.40p -3.01% Fidessa Group (FDSA) 1,822.00p -2.98% Virgin Money Holdings (UK) (VM.) 412.20p -2.92% RPC Group (RPC) 637.50p -2.89% FirstGroup (FGP) 105.90p -2.84% FTSE TechMARK - Risers UCW Limited (UCW) A$0.01 +7.14% Innovation Group (TIG) 39.50p +1.94% Sepura (SEPU) 170.00p +1.19% NCC Group (NCC) 232.25p +0.76% FTSE TechMARK - Fallers Oxford Biomedica (OXB) 7.70p -5.52% Sarossa (SARS) 1.76p -4.09% Skyepharma (SKP) 316.75p -2.61% SDL (SDL) 376.25p -1.70% Oxford Instruments (OXIG) 826.00p -1.67% E2V Technologies (E2V) 226.94p -1.55% Consort Medical (CSRT) 942.00p -0.69% KCOM Group (KCOM) 93.50p -0.53% Spirent Communications (SPT) 78.00p -0.32% PROVEN Trading Strategy - Made 7478 pips in 2014 and 5176 by April 2015. Earn a tax free income trading, from just 20 minutes a day.  Our simple to follow, rules based trading strategy will  tell you exactly when to buy and sell with confidence. Register for a FREE brochure and trading guide, Click Here. UK Event Calendar Tuesday 01 September INTERIMS Globaltrans Investment GDR (Reg S), Snoozebox Holdings, STM Group QUARTERLY PAYMENT DATE JPMorgan Claverhouse Inv Trust QUARTERLY EX-DIVIDEND DATE Schlumberger Ltd. INTERNATIONAL ECONOMIC ANNOUNCEMENTS Construction Spending (US) (15:00) ISM Manufacturing (US) (15:00) ISM Prices Paid (US) (15:00) PMI Manufacturing (EU) (09:00) Unemployment Rate (EU) (10:00) Unemployment Rate (GER) (08:55) GMS Guscio FINALS CAP-XX Limited EGMS B.S.D Crown Ltd (DI) AGMS Energy Assets Group, Redcentric, United Cacao Limited (DI) UK ECONOMIC ANNOUNCEMENTS Consumer Credit (09:30) M4 Money Supply (09:30) M4 Sterling Lending (09:30) Mortgage Approvals (09:30) PMI Manufacturing (09:30) FINAL DIVIDEND PAYMENT DATE Iomart Group Open a new account & trade online for just £5.95 for your first 3 months Better platform, Better tools,  Better welcome,  Better trading - TD Direct Investing. Find out more You may not get back all the money you invest  Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Equities drop following weak Chinese manufacturing data European stocks fell on Tuesday, kicking the new month off on a downbeat note as weak Chinese manufacturing data exacerbated concerns of a slowdown in the world's second-largest economy. At 0840 BST, the benchmark Stoxx Europe 600 index was down 1.6%, France's CAC 40 was 1.5% weaker and Germany's DAX was down 1.9%. In terms of sector, basic resources - which are highly dependent on demand from China - suffered heavy losses, with the Stoxx 600 sub-index down 1.9%. The official Chinese manufacturing sector purchasing managers' index fell to a three-year low of 49.7 in August from a print of 50 the month before, while the Caixin China manufacturing PMI hit a six-and-a-half year low of 47.3. "This first sub-50 official PMI reading in six months is consistent with the declining Caixin PMI and points to weakening growth momentum in August," said Nomura. "We expect policy to remain accommodative, with additional fiscal stimulus efforts in H2 to boost infrastructure investment and one more 50 basis points reserve requirement ratio cut in Q4." The Shanghai Composite index and the Hang Seng both fell 1.2%, while the Nikkei slumped 3.8%. Although the figures were pretty much in line with expectations, they merely served to compound worries that the Chinese economy is running out of steam. "Another batch of weak economic data out of China solidified fears that the production lines in China's factories are coming to a shuddering halt. With traders now completely losing faith in the once miraculous growth story of the Asian behemoth, it's a question of whether China has a slow contraction or does a swan dive off the economic cliff," said Jonathan Sudaria, night dealer at London Capital Group. On the corporate front, shares in Man Group slumped following a press report that the hedge fund manager's chairwoman Li Yifei has been taken into custody by Chinese authorities to assist with a police probe into market volatility. Successful Property Investng Find out how to build your own specialist buy-to-let property portfolio that gives you an income for life. Sign up to our newsletter. Click Here Newspaper Round Up Tuesday newspaper round-up: Living wage, China, North Sea Company bosses face tough new fines and disqualification under plans by David Cameron to force businesses to pay the national living wage. The prime minister says that the new, higher minimum wage, which will reach £9 an hour by the end of the decade, will work only if it is properly enforced. - The Times Investors have been warned not to "touch China with a barge pole" as a crackdown on people accused of spreading unhelpful market rumours hit the Shanghai market again and led European markets to their worst monthly performance in four years. Hugh Young, the veteran emerging markets guru who manages £30 billion of Asian equities at Aberdeen Asset Management, warned novice investors to steer clear as he predicted that the market turmoil could continue for "at least" a few more weeks. - The Times The North Sea's biggest gas field discovery in a decade has been approved for production by Britain's oil and gas authority, paving the way for a £3bn investment from Danish giant Maersk that could supply 5pc of UK consumption. The Culzean field is the largest to be approved since East Bray in 1990 and is expected to hold up to the equivalent of 300m barrels of oil, Maersk said on Monday. - The Daily Telegraph Plans to introduce a national living wage will lead to more job losses than official estimates suggest unless the Chancellor lightens the burden on business, the head of the Confederation of British Industry has warned. John Cridland, director-general of Britain's biggest business lobby group, described George Osborne's proposal in the Summer Budget for a big rise in the minimum wage as the biggest challenge facing UK companies. - The Daily Telegraph Economic growth in the UK picked up pace in the three months to August, with strong expectations by business for the next quarter, the CBI employers' body said in a report out today. However, the organisation said Britain faced some risks from the knock-on effect of the slowdown in China and other emerging markets, along with the resulting turbulence in stock markets. - Scotsman Central London Property Investment Paying 15% Per Annum Limited availability, serious investors only click here   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