ADVFN Newsdesk - Traders May Cash In On Yesterday?s Gains Ahead Of Jobs Report

ADVFN  World Daily Markets Bulletin Daily world financial news Thursday, 06 October 2016 10:14:32    Monitor Quote Charts News Toplists Forex Boards   Stunning Gains - Beginners Guide To Options Not only has Chuck Hughes won 8 World Trading Championships (more than any other trader in history), but his trading accounts have consistently seen returns of OVER 300%! In his new course, Hughes Optioneering Beginners Guide to Stunning Profits, Chuck reveals a simple and easy, step-by-step plan to earn consistent profits safely trading options.   Get the course now for FREE 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 modestly lower opening on Thursday, with stocks likely to give back ground following the strength seen in the previous session. A pullback would extend recent choppy trading by the markets, as stocks have been unable to sustain any significant moves for the past month. Nonetheless, traders may remain on the sidelines ahead of the release of the Labor Department’s closely watched monthly employment report on Friday. After moving lower over the two previous sessions, stocks moved back to the upside during trading on Wednesday. The gains on the day extended the recent back-and-forth trend shown by the markets over the past few weeks. The major averages pulled back off their best levels going into the close but remained firmly positive. The Dow advanced 112.58 points or 0.6 percent to 18,281.03, the Nasdaq climbed 26.36 points or 0.5 percent to 5,316.02 and the S&P 500 rose 9.24 points or 0.4 percent to 2,159.73. The strength on Wall Street came following the release of a slew of U.S. economic data, including a report from the Institute for Supply Management showing a substantial acceleration in service sector growth in the month of September. The ISM said its non-manufacturing index surged up to 57.1 in September from 51.4 in August, with a reading above 50 indicating growth in the service sector. Economists had expected the index to rise to 52.9. With the much bigger than expected increase, the index rose to its highest level since reaching 58.3 last October.  A separate report from payroll processor ADP said private sector employment rose by 154,000 jobs in September after climbing by a downwardly revised 175,000 in August. Economists had expected employment to climb by about 170,000 jobs compared to the increase of 177,000 jobs originally reported for the previous month. The Commerce Department also released a pair of reports showing an unexpectedly wider trade deficit and an unexpected uptick in factory orders in August. My #1 Rule: Don't Buy Options The sad truth is that options buyers lose money on 7 of every 10 trades. They place high-risk trades, hoping for a big payout. But they lose – a LOT! That's why I don't buy options. Instead, I flip them on their head and do “this” with them. I make money 85% of the time! For a limited time, I'm guaranteeing you at least $67,548 per year in profitable options trades if you follow this easy step-by-step process. To learn my options secret, click here. US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts A day before the release of the closely watched monthly employment report, the Labor Department released a report showing an unexpected drop in first-time claims for U.S. unemployment benefits in the week ended October 1st. The report said initial jobless claims fell to 249,000, a decrease of 5,000 from the previous week's unrevised level of 254,000. The modest decline came as a surprise to economists, who had expected initial jobless claims to inch up to 256,000. With the unexpected decrease, jobless claims fell to their lowest level since hitting a more than four decade low in mid-April. The Treasury Department is due to announce the details of next week’s auctions of three-year and ten-year notes and thirty-year bonds at 11 am ET. It's Time to Sell - Don't let these 27 Big-Name Stocks Sink Your Portfolio! You simply can’t afford to own the wrong stocks in this market. Urgent FREE Report reveals the names of 27 stocks you should sell today. You will be shocked by some of the names that made this blacklist! It’s time to clean house and dump these stocks before it’s too late! You can even put that money back to work with a SPECIAL BONUS - the names of the top 3 stocks to buy today. Get their names plus details on all 27 stocks to sell now free. Click here for instant access   European Markets European stocks are seeing modest weakness, extending the pullback seen in the previous session. The French CAC 40 Index and the German DAX Index are down by 0.2 percent and 0.3 percent, respectively, although the U.K.’s FTSE 100 Index is just above the unchanged line. easyJet shares have fallen sharply after the low-cost airline revised down its annual profit forecast, citing adverse exchange rate movements and a testing trading environment. Medical equipment manufacturing company Smith & Nephew has also come under pressure following a downgrade from analysts at Deutsche Bank. Meanwhile, Deutsche Bank (DB) moved higher after reports emerged that the German government is pursuing discreet talks to help reach a solution to U.S. claims against the German bank over the sale of toxic mortgage bonds. On a relatively light day on the economic front, official data showed that German factory orders grew at a faster pace on robust domestic demand in August.  A measure of German construction activity also expanded at the fastest pace in four months in September. The Ultimate Guide to Trading Options Get 25 Secrets, Tips & Techniques used by the BEST Options Traders in the game! Get your FREE guide now! Includes 49 pages of incredible value. Get Your Free Copy Here Asian markets USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts Asian stocks rose broadly on Thursday, with an overnight rally in oil prices and positive economic data from the U.S. underpinning investor sentiment. However, the gains remained capped ahead of the U.S. jobs report due on Friday. Japanese shares extended gains for a fourth consecutive session, as the yen hit a one-month low against the dollar on U.S. rate hike expectations.  The Nikkei 225 Index gained 79.86 points or 0.47 percent to finish at 16,899.10, while the broader Topix index closed 0.45 percent higher at 1,353.93. Exporters Toyota Motor, Mazda and Hitachi posted notable gains after the dollar rallied against the yen. Banks Mitsubishi UFJ Financial, Mizuho Financial and Sumitomo Mitsui Financial rose about 1 percent each as yields on U.S. and German benchmark bonds eased from two two-week highs.  Fujitsu jumped 5.8 percent on a Nikkei report that Lenovo Group is in talks with the company to merge their personal-computer businesses. Energy stocks led the Australian market higher after crude oil prices climbed more than 2 percent overnight on data showing a decline in oil stockpiles. Australian Bureau of Statistics figures showing a narrowing trade deficit also offered some support.  The benchmark S&P/ASX 200 Index rose by 30.1 points or 0.55 percent to 5,483 and the broader All Ordinaries Index closed up 27.80 points or 0.50 percent at 5,564.80.  Australian Pharmaceutical Industries rallied 4.8 percent after the company raised its full-year profit outlook. Aged care group Estia Health fell over 3 percent after lowering its full-year earnings guidance. Meanwhile, the Chinese markets were closed for the National Day holiday, while Hong Kong's Hang Seng index climbed 164.19 points or 0.69 percent to 23,952.50. Receive 120 trades and expert market information...at no cost! With the nation’s top options newsletter, The Option Advisor, you’ll learn how to trade smarter and maximize your returns by utilizing Bernie Schaeffer’s 35 years of options trading experience. Each month you’ll receive 10 trades targeting triple-digit gains, as well as invaluable market insight and commentary. And if you Click Here now you’ll receive 12 months FREE! Currency and Commodities Markets Crude oil futures for November delivery are rising $0.40 to $50.23 a barrel after jumping $1.14 to $49.83 a barrel on Wednesday. Meanwhile, an ounce of gold for December delivery is trading currently at $1,261.80, down $6.80 from the previous session’s close of $1,268.60. On Wednesday, gold fell $1.10.  On the currency front, the U.S. dollar is trading at 103.88 yen compared to the 103.50 yen it fetched at the close of New York trading on Wednesday. Against the euro, the dollar is valued at $1.1180 compared to yesterday’s $1.1205.  New Report Reveals Secrets of High Yield Option Selling For High Net Worth Investors Only - Discover how you can target long term financial security by selling options to generate income and growth. Target outsized returns, gain real diversification and potentially excel in any kind of market by selling options in this tax friendly alternative investment. Free Report and DVD for qualified investors. Send Me My FREE Report Now      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 Thursday, 06 October 2016 11:07:00 Monitor Quote Charts News CFD's Compare Brokers Free BB   Can You Afford to Retire? Ready to retire? If you have a £250,000 portfolio, download the must-read guide for retirees called "The 15-Minute Retirement Plan." Click Here to Download Your Guide! Fisher Investments UK London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: London stocks were flat in early trade, with investors likely to be reluctant to make any bold moves as the focus shifts to Friday’s non-farm payrolls release. At 0910 BST, the FTSE 100 was down 0.1% to 7,024.38 points.  Meanwhile, oil prices slipped back as investors booked some profits after prices rallied overnight on the back of US Energy Information Administration data showing crude supplies fell by 3m barrels in the week ended 30 September, down for the fifth straight week. West Texas Intermediate was down 0.5% at $49.57 a barrel and Brent crude was off 0.5% at $51.61. Lee Wild, Head of Equity Strategy at stockbroker Interactive Investor, said: “Wall Street was up overnight, but Friday's monthly jobs data is the major focus for the rest of this week. Expect trouble if the number comes in below 150,000. For now, the banking sector is shoring up the FTSE 100, although the index is being kept in check by weaker miners and profit taking at Tesco.” In corporate news, BAE Systems was in the black after it reiterated its confidence about hitting full-year targets and supplied encouraging platitudes about ongoing long-term contracts, including the government's politically sensitive talks about the next defence export contract with Saudi Arabia. Furniture retailer DFS was on the front foot after it reported a rise in full-year profit as revenue grew and the company lifted its dividend. On the downside, low-cost carrier easyJet tanked after it warned that profits for the year would be hit by the weakening of the pound. Dunelm was also under the cosh after it posted a drop in first-quarter revenue due to unseasonably warm weather. Shares in SVG Capital retreated after it said it had agreed the terms of the sale of its investment portfolio to funds managed by Goldman Sachs and Canada Pension Plan Investment Board for £748m. There are no major UK data releases due, but US initial jobless claims are at 1330 BST. Q4 Top 10 Stock Picks Opportunities for short term traders and long term investors alike Moving into the final quarter of the year, a packed events calendar is going to create opportunities aplenty for investors, and we've highlighted the top 10 stocks we believe could outperform the market this quarter. Download Q4 Top 10 Stock Picks today Losses can exceed deposits UK Event Calendar Thursday October 06 INTERIMS Morses Club INTERIM DIVIDEND PAYMENT DATE 888 Holdings, Centaur Media, Churchill China, Crest Nicholson Holdings, HSS Hire Group INTERIM EX-DIVIDEND DATE AA , Air Partner, Andrews Sykes Group, Aquatic Foods Group , Ascential, Aviva, Balfour Beatty, Barr (A.G.), Bodycote, Burford Capital , Cello Group, Cenkos Securities, Central Asia Metals, Cobham, Ebiquity, Elecosoft, Fisher (James) & Sons, Hastings Group Holdings , Highland Gold Mining Ltd., ICG Enterprise Trust, IDOX, Johnson Service Group, Judges Scientific, Keywords Studios, Kingfisher, Learning Technologies Group , Menzies(John), Mortgage Advice Bureau (Holdings) , Netplay TV, Premier Technical Services Group , Rightmove, Saga , SIG, Smith & Nephew, StatPro Group, Synthomer, Travis Perkins, TT Electronics, Unite Group, WPP, XLMedia QUARTERLY EX-DIVIDEND DATE Albion Technology & General VCT, British Land Company, Fair Oaks Income Fund Limited , Investors Capital Trust 'A' Shares, Mercantile Investment Trust (The), Merchants Trust, Schroder Income Growth Fund, Torchmark Corp. INTERNATIONAL ECONOMIC ANNOUNCEMENTS Continuing Claims (US) (13:30) Initial Jobless Claims (US) (13:30) FINALS DFS Furniture IMSS Dunelm Group SPECIAL EX-DIVIDEND PAYMENT DATE JPMorgan Mid Cap Inv Trust, Photo-Me International AGMS Taptica International (DI) UK ECONOMIC ANNOUNCEMENTS Factory Orders (GER) (07:00) FINAL DIVIDEND PAYMENT DATE Diageo, PZ Cussons, South32 Limited (DI) FINAL EX-DIVIDEND DATE Abbey, Alumasc Group, Ashley (Laura) Holding, Begbies Traynor Group, Eckoh, HML Holdings, JPMorgan Mid Cap Inv Trust, Mid Wynd International Inv Trust, Murgitroyd Group, Photo-Me International, Produce Investments, Redde, Sky Think You Know The Markets? Prove It Put your trading knowledge to the test at City Index. We’ll be right behind you, with expert analysis and our award winning platforms. The rest is up to you. Losses can exceed deposits. Trade now Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: European stocks rose a little in early trade, taking their cue from a positive close on Wall Street. At 0910 BST, the benchmark Stoxx Europe 600 index was flat, while Germany’s DAX and France’s CAC 40 were up 0.2%. Meanwhile, oil prices slipped back as investors booked some profits after prices rallied overnight on the back of US Energy Information Administration data showing crude supplies fell by 3m barrels in the week ended 30 September, down for the fifth straight week. West Texas Intermediate was down 0.5% at $49.57 a barrel and Brent crude was 0.5% lower at $51.61. James Hughes, chief market analyst at GKFX, said: “Stocks have opened higher in Europe first thing this morning as firmer US data yesterday and strong oil prices have helped to keep the major equity markets testing the highs of the last few days. Add to this the fact that the pound is trying to rebound yet again from the falls of early this week , and the fact that gold has stabilised (for now) at the mid 60s and this means we could be in store for a session where traders take stock ahead of the key data tomorrow. "The calendar is looking a little quiet for today’s session, which may not be a bad thing ahead of tomorrow’s data, as many are still licking their wounds after a brutal start to the week. The headline of the day will be from the ECB as the meeting minutes are released where many will be looking for a hint as to plan for monetary poly from the ECB. The meeting minutes announcement comes after rumours of Mario Draghi mentioning a potential taper back of the QE program, which of course was quickly denied by the ECB.” The ECB minutes of the September meeting are out at 1230 BST. On the corporate front, Deutsche Bank rallied on reports that German officials have said the government was pursuing discreet talks with US authorities to help the lender secure a swift settlement over the mis-selling of mortgage-backed securities. The banking sector also got a boost from a note by Citigroup, which upped its recommendation on European banks to ‘overweight’ from ‘neutral’. Deal news also helped to lift the mood, with Osram Licht shares sharply higher on reports it has received a takeover offer from Chinese chipmaker Sanan Optoelectronics Co. On the downside, budget airline EasyJet tanked after warning that profits for the year would be hit by the weakening of the pound. IS Lloyds a Brexit Bargain? Get all the details now in this FREE Report  Lloyds shares have fallen around 40% from last year's high. Download your FREE special report now US Market Report US close: Stocks cockier as jobs stats help knock rate odds US stocks gained on Wednesday as oil prices rose and, amid a blizzard of data, lacklustre private payrolls jobs data made the chances of an interest rate hike by the Federal Reserve seem less likely. By the closing bell the Dow Jones Industrial Average added 0.6% to 18,281.03 points, the S&P 500 increased 0.43% to 2,159.73 points and the Nasdaq Composite climbed 0.5% to 5,316.02 points. Boosting energy stocks, oil prices were hovering back around the $50 mark after the Energy Information Administration revealed US weekly crude inventories fell by three million barrels last week to 499.7 million barrels. On Tuesday the American Petroleum Institute said crude inventories dropped 7.6 million barrels last week. West Texas Intermediate picked up 2.2% to $49.74 per barrel and Brent Crude was 1.9% higher at $51.95 per barrel. Earlier, private US employers added 154,000 jobs in September, according to payroll processor Automatic Data Processing and forecasting firm Moody's Analytics, missing expectations of 165,000. The previous month was revised down to 175,000 from the initial estimate of 175,000. The slowdown was driven by the services sector, which Barclays Research said was a concern and is a risk to its forecasts outlook for economic activity. "However, in this instance, the slowing in services growth, relative to recent trends, is concentrated in trade, transportation, and utilities," the bank added. "This series tends to be related to the pace of manufacturing activity in the US. As such, the slowdown in services is likely a manifestation of a still-weak manufacturing sector rather than a change in trend in the health of services sector more generally." The report comes ahead of Friday's hallowed non-farm payrolls, which is expected to show employers added 170,000 jobs in September. Wall Street was pricing in close to a 55% chance of Fed rate hike in December, according to a gauge of federal-funds futures calculated by CME Group. "I still don't think the Fed is going to move in November, but I think it does raise the odds for December," said David Kelly, chief global strategist at JPMorgan Funds. "The Fed doesn't want to look political and, to raise rates so close to the election, that would be a political act. I thought they should've raised rates in September because of that reason." Other data on the US service sector out on Wednesday showed a much greater rebound than was expected for September up to an 11-month high. The Institute for Supply Management's index of non-manufacturing activity rose to 57.1 from 51.4 in August, comfortably beating expectations for a reading of 53.0. This was the biggest ever one-month jump in the employment index and, economists said, pointed to better payrolls later in the quarter. Also, US factory orders grew by 0.2% month-on-month in August to $453.1bn, according to the Commerce Department. Economists had pencilled in a drop of 0.5%. Orders for durable goods were up 0.1% month-on-month to $227.3bn after rising 3.6% in July, beating estimates for no change. In company news, Twitter rallied amid speculation that the social media company could consider takeover bids this week, with some rumours citing Google. Chesapeake Energy, Chevron and Exxon advanced as the rise in oil prices boosted energy shares. Agribusiness giant Monsanto was on the front foot after reporting better-than-expected quarterly earnings. Goldman Sachs and the Canada Pension Plan Investment Board have bid to acquire the UK's SVG Capital, the London-listed private equity group said, only a day after it proposed winding down. Dow Jones - Risers Goldman Sachs Group Inc. (GS) $166.40 2.55% Caterpillar Inc. (CAT) $89.42 2.18% Boeing Co. (BA) $134.66 1.82% E.I. du Pont de Nemours and Co. (DD) $68.07 1.79% JP Morgan Chase & Co. (JPM) $67.69 1.64% Intel Corp. (INTC) $37.99 1.20% Chevron Corp. (CVX) $102.23 0.95% Exxon Mobil Corp. (XOM) $86.98 0.87% United Technologies Corp. (UTX) $102.23 0.81% Cisco Systems Inc. (CSCO) $31.59 0.77% Dow Jones - Fallers Verizon Communications Inc. (VZ) $50.27 -1.93% Home Depot Inc. (HD) $127.57 -0.48% Unitedhealth Group Inc. (UNH) $137.57 -0.41% Walt Disney Co. (DIS) $92.45 -0.15% Wal-Mart Stores Inc. (WMT) $71.67 -0.11% McDonald's Corp. (MCD) $113.38 -0.08% Coca-Cola Co. (KO) $41.80 -0.07% Nike Inc. (NKE) $52.12 -0.04% General Electric Co. (GE) $29.50 0.00% Apple Inc. (AAPL) $113.05 0.04% S&P 500 - Risers Chesapeake Energy Corp. (CHK) $6.80 6.75% Transocean Ltd. (RIG) $10.07 5.88% Endo International Plc (ENDP) $21.42 5.05% Signet Jewelers Ltd (SIG) $81.43 4.64% First Solar Inc. (FSLR) $39.74 4.00% Affiliated Mgrs Group (AMG) $152.81 3.89% Netflix Inc. (NFLX) $106.28 3.85% Borg Warner Inc. (BWA) $36.30 3.57% Cimarex Energy Co (XEC) $139.47 3.53% Gap Inc. (GPS) $22.53 3.44% S&P 500 - Fallers Salesforce.Com Inc. (CRM) $68.41 -5.80% Apartment Investment & Management Co. (AIV) $42.22 -3.96% Extra Space Storage (EXR) $74.13 -3.34% AvalonBay Communities Inc. (AVB) $167.09 -3.21% Iron Mountain Inc (New) (IRM) $34.27 -3.16% American Tower Corp (Reit) (AMT) $107.47 -2.87% Realty Income Corp. (O) $61.92 -2.78% Westrock Company (WRK) $46.54 -2.78% VF Corp. (VFC) $54.71 -2.63% Macerich Co (MAC) $76.30 -2.49% Nasdaq 100 - Risers Endo International Plc (ENDP) $21.42 5.05% Netflix Inc. (NFLX) $106.28 3.85% Illumina Inc. (ILMN) $186.17 2.73% Broadcom Limited (AVGO) $173.48 2.62% Autodesk Inc. (ADSK) $73.21 2.51% Akamai Technologies Inc. (AKAM) $55.98 2.45% TripAdvisor Inc. (TRIP) $65.87 2.25% Bed Bath & Beyond Inc. (BBBY) $44.80 1.82% Alexion Pharmaceuticals Inc. (ALXN) $125.51 1.70% Cognizant Technology Solutions Corp. (CTSH) $50.90 1.62% Nasdaq 100 - Fallers Sba Communications Corp. (SBAC) $109.05 -2.37% Dollar Tree Inc (DLTR) $75.12 -1.71% T-Mobile Us, Inc. (TMUS) $46.06 -1.47% Tesla Motors Inc (TSLA) $208.46 -1.40% eBay Inc. (EBAY) $32.15 -1.26% Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $235.60 -1.24% Regeneron Pharmaceuticals Inc. (REGN) $392.60 -1.16% Stericycle Inc. (SRCL) $76.58 -0.98% Kraft Heinz Co. (KHC) $87.38 -0.73% Discover a new way to trade with eToro Trade 1000s of markets independently, connect with millions of other traders and copy top performing traders move-for-move. Click Here Newspaper Round Up Thursday newspaper round-up: Whirlpool, Tesco, EY The government has ordered a major manufacturer to do more to reassure its customers and the wider public about the risks of allegedly dangerous tumble dryers, which have caused a series of fires across the UK, while promising a new working group on product recalls to improve the safety of all domestic white goods. The move came as manufacturer Whirlpool faced fresh calls to change its advice for consumers owning faulty tumble dryers and urgently take them out of use, after a London fire brigade report concluded that a faulty Indesit machine was the cause of a recent serious tower block blaze in Shepherd's Bush. - Guardian Deutsche Bank needs a convincing business case to attract investors, senior officials from the International Monetary Fund have said amid fears Germany's biggest bank will need to raise funds to avoid being crippled by a $14bn (£10.5bn) penalty from the US for a decade-old scandal. The officials from the IMF - which has described Deutsche as the world's riskiest bank - also denied suggestions that European banks were facing tougher punishments from the US authorities than domestic ones. - Guardian he head of BT's consumer business has launched a scathing attack on Sky, accusing his rival of "cynicism", "lies" and "sinking to a new low", after it emerged it cut its costs on broadband by choosing a slower network repair service. The decision by Sky was discovered by The Daily Telegraph in Ofcom documents. - Telegraph The UK's biggest pension fund manager has called on Britain's biggest companies to publish the difference between the pay of their top bosses and the wider workforce, and for annual bonuses to be capped at just two times salary. The radical measures are among a series of reforms Legal & General Investment Management has made as it steps up the charge against excessive boardroom pay. - Telegraph The man known as the king of the London insurance market was hundreds of millions of pounds richer last night after the sale of a Bermuda-based business. Endurance Speciality, which boasts a large presence at Lloyd's of London, has been bought by Sompo Holdings, a Japanese insurer, for $6.3 billion. - The Times Tesco's pension deficit has ballooned to £5.9 billion since the Brexit vote and quantitative easing, in a worrying sign for companies struggling to ensure that they meet defined-benefit promises. The country's largest grocer said that the collapse in bond yields since February meant that the shortfall in its fund, which has made retirement promises to 350,000 people, had widened from £2.6 billion six months earlier. - 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 advertise in the Euro Markets Bulletin please contact advertise@advfn.com     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Wednesday, 05 October 2016 17:40:21 Monitor Quote Charts News CFD's Compare Brokers Free BB   What Does Brexit Mean for the UK Economy? If you have a £250,000 portfolio, download the guide by Forbes columnist and money manager Ken Fisher's firm. It's called "The European Union at a Crossroads: Assessing Brexit." Click Here to Download Your Guide! Fisher Investments UK London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Stocks fall amid rumours ECB will wind down bond purchases London stocks fell on Wednesday amid speculation the European Central Bank may start winding down its bond purchases. Bloomberg reported on Tuesday that the ECB will probably gradually wind down its €80bn monthly bond purchase before ending its quantitative easing programme. "Rumours of exit plans being drawn up at the ECB highlight the growing feeling that Draghi & co are facing up to a exhaustion of monetary policy policies and effectiveness," said IG market analyst Joshua Mahony. Meanwhile, the pound recovered some ground against the dollar after hitting a 31-year low on Tuesday following Prime Minister Theresa May's announcement that formal Brexit negotiations would begin by March 2017. The pound rose 0.24% to 12759. Bank of England deputy governor Ben Broadbent said the central bank could raise interest rates if sterling fell sharply enough but so far its decline since the 23 June EU referendum had been "pretty orderly, actually". Speaking at a Wall Street Journal event in London, Broadbent said the drop in the pound reflected markets' longer-term judgements about Britain's economy. "Could the currency fall far enough, hard enough, fast enough to warrant a reversal of course, and some removal of monetary accommodation? The answer is yes, in principle. That has to be judged in the context of what it does to inflation," Broadbent said. On the data front, activity in the UK services sector grew more than expected in September. The final Markit/CIPS UK services purchasing managers' index fell to 52.6 from 52.9 in August, which was better than the 52.0 reading economists had been expecting and above the 50 mark that separates contraction from expansion. Markit's final eurozone composite output index printed at 52.6 in September, in line with the flash estimate but down from August's reading of 52.9. The final eurozone services business activity index came in at 52.2, a touch higher than the flash estimate of 52.1 but down from 52.8 in August. Eurozone retail sales dipped 0.1% from July, beating expectations of a 0.3% decline, Eurostat revealed. On the year, however, they were up 0.6%, missing forecasts of a 1.5% increase. In the US, private US employers added 154,000 jobs in September, according to payroll processor Automatic Data Processing and forecasting firm Moody's Analytics, missing expectations of 165,000. The previous month was revised down to 175,000 from the initial estimate of 175,000. The report comes ahead of Friday's all-important non-farm payrolls, which is expected to show employers added 170,000 jobs in September. A separate report showed the US service sector improved more than expected in September to a 11-month high. The Institute for Supply Management's index of non-manufacturing activity rose to 57.1 from 51.4 in August, comfortably beating expectations for a reading of 53.0. US factory orders grew by 0.2% month-on-month in August to $453.1bn, according to the Commerce Department. Economists had pencilled in a drop of 0.5%. Orders for durable goods were up 0.1% month-on-month to $227.3bn after rising 3.6% in July, beating estimates for no change. Meanwhile, oil prices rose after the Energy Information Administration revealed US weekly crude inventories fell by three million barrels last week to 499.7 million barrels. On Tuesday the American Petroleum Institute said crude inventories dropped 7.6 million barrels last week. Brent crude jumped 2.07% to $51.93 per barrel and West Texas Intermediate gained 2.2% to $49.83 per barrel at 1630 BST. In company news, Tesco shares jumped after the supermarket reported a 3.3% rise in group sales in the first quarter, including a pick-up in UK like-for-like sales growth, and chief executive Dave Lewis laid out ambitious plans for raising operating margins. Tesco led shares in fellow supermarkets Morrison Supermarkets and J Sainsbury higher. Severn Trent and United Utilities were under the cosh after RBC Capital Markets downgraded both stocks as it took a look at the UK water sector. The bank cut Severn Trent to 'underperform' from 'sector perform' on valuation grounds but lifted the price target to 2,300p from 2,200p. RBC downgraded United Utilities to 'underperform' from 'sector perform', also on valuation, noting 4% implied total return, but lifted the price target to 1,000 from 975p. Centamin gained as it reported a 6% increase in quarterly production to 148,674 ounces at its Sukari Gold Mine in Egypt. Motor insurance company Hastings Group was in the red after saying that a group of investors has agreed to sell 46.17m shares, or a 7% stake, at 216p per share. Q4 Top 10 Stock Picks Opportunities for short term traders and long term investors alike Moving into the final quarter of the year, a packed events calendar is going to create opportunities aplenty for investors, and we've highlighted the top 10 stocks we believe could outperform the market this quarter. Download Q4 Top 10 Stock Picks today Losses can exceed deposits Market Movers FTSE 100 (UKX) 7,036.45 -0.54% FTSE 250 (MCX) 18,200.52 -0.77% techMARK (TASX) 3,555.67 -0.66% FTSE 100 - Risers Tesco (TSCO) 207.10p 9.75% Marks & Spencer Group (MKS) 337.70p 2.68% Anglo American (AAL) 1,011.00p 2.50% Barclays (BARC) 172.45p 1.89% Standard Chartered (STAN) 661.40p 1.82% Antofagasta (ANTO) 539.50p 1.41% Prudential (PRU) 1,428.00p 1.38% easyJet (EZJ) 1,003.00p 1.31% Royal Dutch Shell 'B' (RDSB) 2,125.00p 1.31% Aviva (AV.) 453.40p 1.30% FTSE 100 - Fallers Polymetal International (POLY) 875.00p -5.71% United Utilities Group (UU.) 951.00p -4.37% Randgold Resources Ltd. (RRS) 7,040.00p -3.96% Intu Properties (INTU) 290.00p -3.59% Imperial Brands (IMB) 3,953.00p -3.35% Compass Group (CPG) 1,497.00p -3.29% British American Tobacco (BATS) 4,881.00p -3.19% Severn Trent (SVT) 2,417.00p -3.17% Land Securities Group (LAND) 1,022.00p -3.04% Fresnillo (FRES) 1,675.00p -2.84% FTSE 250 - Risers Aldermore Group (ALD) 186.90p 6.13% Electrocomponents (ECM) 364.20p 3.35% Hunting (HTG) 503.00p 3.31% OneSavings Bank (OSB) 292.30p 2.63% Spectris (SXS) 2,110.00p 2.63% Ascential (ASCL) 289.30p 2.30% Tullow Oil (TLW) 261.80p 2.11% JD Sports Fashion (JD.) 1,573.00p 2.08% DFS Furniture (DFS) 278.00p 2.06% Essentra (ESNT) 508.50p 2.01% FTSE 250 - Fallers Euromoney Institutional Investor (ERM) 1,090.00p -7.23% Hochschild Mining (HOC) 259.50p -6.32% PayPoint (PAY) 1,058.00p -4.94% Countrywide (CWD) 216.40p -3.52% Domino's Pizza Group (DOM) 367.50p -3.29% Pennon Group (PNN) 865.50p -3.13% Capital & Counties Properties (CAPC) 282.00p -3.09% Workspace Group (WKP) 687.50p -2.96% Big Yellow Group (BYG) 771.00p -2.90% Think You Know The Markets? Prove It Put your trading knowledge to the test at City Index. We’ll be right behind you, with expert analysis and our award winning platforms. The rest is up to you. Losses can exceed deposits. Trade now Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks lower amid ECB tightening fears European stocks fell on Wednesday amid growing concerns about possible monetary tightening by the European Central Bank. The benchmark Stoxx Europe 600 index was last down 0.49%, while Germany's DAX lost 0.29% and France's CAC 40 was off 0.22%. Meanwhile, oil prices were on the front foot after the American Petroleum Institute said on Tuesday that US crude inventories fell 7.6m barrels in the week ended 30 September, versus expectations for a 2m increase. West Texas Intermediate was up 2.11% at $49.74 a barrel and Brent crude was 1.91% firmer at $51.86. Investors got their first chance to react to a press report after the close on Tuesday that the European Central Bank was reaching a consensus to start tapering its asset-buying programme. According to Bloomberg, the ECB will start winding down the asset purchases ahead of the programme's end in March next year. The ECB later denied that the issue had been discussed. In addition, market participants were still digesting comments by Richmond Fed President Jeffrey Lacker who said on Tuesday that he would have voted in favour of an interest rate hike at the September policy meeting if he had been able to vote. "I would have dissented," Lacker told reporters in Charleston, West Virginia, where he gave a speech on the economic outlook. The Fed last month decided to keep rates at between 0.25% and 0.50% as it waits for further evidence of improvement in inflation and the economy. The central bank indicated that it expects one rate increase this year. Rebecca O'Keeffe, head of investment at stockbroker Interactive Investor, said: "European equity markets are on the back foot as concerns grow that central banks are going to pare back accommodative policy - with the ECB potentially tapering bond purchases and previously dovish Fed members ramping up expectations of an interest rate rise this year. "Both equity and bond market valuations have been founded on monetary support from global central banks and have arguably become hooked on quantitative easing and low interest rates. "The possibility of central banks returning to a more normal regime could see taper tantrums resume, volatility spike and investors flee." In corporate news, Tesco surged 9.75% after reporting much-improved sales and operating profits in the first half of the year, though its pension deficit has grown to a whopping £6bn due to lower bond yields. BHP Billiton pushed 0.12% higher as it talked up the opportunities within its petroleum business during an investor briefing. On the downside, Air Liquide fell 0.89% after saying it has begun exclusive talks to sell its scuba-diving equipment making unit Aqua Lung to Montagu Private Equity. On the data front, Markit's final eurozone composite output index printed at 52.6 in September, in line with the flash estimate but down from August's reading of 52.9. Meanwhile, the final eurozone services business activity index came in at 52.2, a touch higher than the flash estimate of 52.1 but down from 52.8 in August. In terms of sectors, output rose at manufacturers and service providers. The rate of expansion in manufacturing production ticked higher and remained above that for service sector business activity for the fourth straight month. Services output growth dipped to a 21-month low. Meanwhile, separate data from Eurostat showed retail sales dipped 0.1% from July, beating expectations of a 0.3% decline. On the year, however, they were up 0.6%, missing forecasts of a 1.5% increase. IS Lloyds a Brexit Bargain? Get all the details now in this FREE Report  Lloyds shares have fallen around 40% from last year's high. Download your FREE special report now US Market Report US open: Stocks rise as investors weigh private payrolls report US stocks gained on Wednesday as lacklustre private payrolls jobs data made the chances of an interest rate hike by the Federal Reserve seem less likely. At 1557 BST the Dow Jones Industrial Average rose 0.53% to 18,263.71 points, the S&P 500 increased 0.39% to 2,158.98 points and the Nasdaq jumped 0.52% to 27.35 points. At the same time oil prices rose after the Energy Information Administration revealed US weekly crude inventories fell by three million barrels last week to 499.7 million barrels. On Tuesday the American Petroleum Institute said crude inventories dropped 7.6 million barrels last week. West Texas Intermediate edged up 2.2% to $49.81 per barrel and Brent increased 2.07% to $51.95 per barrel. Meanwhile, private US employers added 154,000 jobs in September, according to payroll processor Automatic Data Processing and forecasting firm Moody's Analytics, missing expectations of 165,000. The previous month was revised down to 175,000 from the initial estimate of 175,000. The slowdown was driven by the services sector, which Barclays Research said is a "concern and is a risk to our outlook for economic activity". "However, in this instance, the slowing in services growth, relative to recent trends, is concentrated in trade, transportation, and utilities," the bank added. "This series tends to be related to the pace of manufacturing activity in the US. As such, the slowdown in services is likely a manifestation of a still-weak manufacturing sector rather than a change in trend in the health of services sector more generally." The report comes ahead of Friday's all-important non-farm payrolls, which is expected to show employers added 170,000 jobs in September. A separate report showed the US service sector improved more than expected in September to a 11-month high. The Institute for Supply Management's index of non-manufacturing activity rose to 57.1 from 51.4 in August, comfortably beating expectations for a reading of 53.0. US factory orders grew by 0.2% month-on-month in August to $453.1bn, according to the Commerce Department. Economists had pencilled in a drop of 0.5%. Orders for durable goods were up 0.1% month-on-month to $227.3bn after rising 3.6% in July, beating estimates for no change. In company news, Twitter rallied amid speculation that the social media company could consider takeover bids this week. Chesapeake Energy Corp. advanced as the rise in oil prices boosted energy shares. Agribusiness giant Monsanto Co. was on the front foot after reporting better-than-expected quarterly earnings. Discover a new way to trade with eToro Trade 1000s of markets independently, connect with millions of other traders and copy top performing traders move-for-move. Click Here Broker Tips Broker tips: Water utilities, Tesco, Henderson Severn Trent and United Utilities were under the cosh on Wednesday after RBC Capital Markets downgraded both stocks as it took a look at the UK water sector. The bank cut Severn Trent to 'underperform' from 'sector perform' on valuation grounds but lifted the price target to 2,300p from 2,200p. RBC said it has updated its return on regulated equity calculation and valuation approaches such that the target rises, but with -5% implied total return, it downgraded the rating. "We believe SVT will continue to be one of the better-held UK water stocks by investors. Its management presents SVT's investment case strongly and largely receives a positive feedback from those who have met them." RBC downgraded United Utilities to 'underperform' from 'sector perform', also on valuation, noting 4% implied total return, but lifted the price target to 1,000 from 975p. The Canadian bank said its ratings on both stocks reflect its view that their current trading valuation implies a total return that compares unfavourably to the rest of the European utilities sector. RBC highlighted a preference for outperform-ratedPennon, which it said offers a "one-stop shop for investors seeking exposure to various long-term themes, including water/waste, safety amidst Brexit, macro recovery (relative to SVT/UU), income-play, earnings growth and UK Water M&A." RBC lifted its price target for Pennon to 950p from 925p. Shore Capital reiterated a 'hold' rating and target of 189p on Tesco on Wednesday after the supermarket reported its first half results. The company reported group sales grew 3.3% to £24.4bn and UK like-for-like sales improved to a 0.6% increase from the 0.3% rise the same period a year earlier. However, its pension deficit soared to a whopping £5.9bn from £3.2bn, reflecting lower bond yields. Chief executive Dave Lewis also laid out his ambitious plans for growing profit margins. Lewis aims to lift group operating margin from its current 2.2% to 3.5-4.0% by the 2019/20 financial year, helped by cost cutting and a solid level of capital expenditure. "The results themselves represent demonstrable operational improvement from the business with cash sales and not just volumes now positive in the UK in particular alongside much needed margin accretion. We welcome this progress," said ShoreCap. "However, the operations in isolation do not characterise the Tesco investment thesis. The burden of broad level indebtedness and the corresponding high solvency ratios, continue to prevent us from taking a more positive view on the group's shares." Shorecap said it may upgrade its current pre-tax profit forecast for fiscal year 2017 of £682m. Further out, the broker predicts an earnings before interest and tax margin of 3.7% in 2020. "Indeed, whilst there may be some understandable excitement today on Tesco's new margin ambitions and the greater confidence of management, it is important to point out the back-end weighted nature of the plan, wholly consistent with our understanding of the business and investment thesis on the stock." Barclays reiterated an 'equal weight' rating on Henderson Group but raised its target to 270p from 215p on Wednesday after the investment firm agreed to buy US rival Janus Capital. The merger will create a combined portfolio of assets under management worth £320bn and the two firms will be renamed Janus Henderson Global Investments. The companies hope to cut costs of $110m per year within three years of closing from areas including IT and office space. "We believe investors were particularly excited about management's projection of double-digit accretion as well as the possible future benefits from lower group tax and incremental flows," Barclays said. "However, we believe the $110m cost synergies (16% of EBITDA or 7% of costs) are likely to come under more scrutiny given the complementary geography and products of the group." Barclays said it believes management need to provide more detail around the $110m of cost savings to convince the market since much emphasis was placed on complementary investment capabilities and distribution strength. "This is particularly true given that management specified the majority of the benefit would be realised inside 12 months but did not make it so obvious where back office or investment teams are to be rationalised."   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 advertise@advfn.com     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