Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Wednesday, 01 November 2017 17:17:09 Monitor Quote Charts News CFD's Compare Brokers Free BB   Who pockets your portfolio's profits? You or your broker? Make sure you’re not paying too much for your portfolio’s account admin by choosing fixed over percentage-based fees. Capital at risk. Read more London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: FTSE despite positive manufacturing, BoE in focus for possible rate hike London stocks closed marginally lower on Wednesday even as the pound fell despite better-than-expected manufacturing data, which underpinned expectations of a rate hike tomorrow by the Bank of England. The top flight index slipped 0.07% or 5.12 points to 7,487.96, while the pound was down 0.13% versus the dollar to 1.3264, having hit 1.3321 after the manufacturing data came out, and 0.05% firmer against the euro at 1.1411, albeit down from an intraday high of 1.1450. Spreadex analyst Connor Campbell said: "October's PMI came in at 56.3 against the 55.8 forecast and the (revised) 56.0 seen in September. And though this didn't cause anything resembling a sterling surge, it did allow the currency to maintain its early gains." "It could be argued that this manufacturing beat gives the Bank of England hawks a bit more ammo heading into Thursday's rate vote," he added. With a PMI above 50 signalling growth, the manufacturing sector has been on the rise for 15 months in a row, according to Markit's figures. Economists said the survey will reassure the Bank of England that the economy is coping relatively well with the prospect of imminently higher interest rates. In a note to clients earlier, Craig Erlam at Oanda chipped in, "A growing number of policy makers now appear to be of the belief that last year's rate cut is no longer necessary and a return to the previous lower bound is warranted," adding, "Markets are heavily pricing in a rate hike tomorrow which may limit any upside in the pound in relation to this, with the accompanying commentary probably more important. With a split among policy makers being clear from recent commentary, a failure to hike tomorrow could trigger a sharp decline in the pound." Total new order intakes rose at a substantial rate during October, according to the survey compiler, bouncing back from a weak prior month to put the manufacturing sector on a solid footing for at the start of the fourth quarter of the year. In corporate news, Paddy Power Betfair rallied after it said trading was good in the third quarter, prompting the bookmaker to make a small upgrade to its annual profit guidance. AstraZeneca was in the black after mixed news. The pharmaceuticals giant said the US Food and Drug Administration has granted accelerated approval to Calquence (acalabrutinib) - a kinase inhibitor indicated for the treatment of adult patients with mantle cell lymphoma who have received at least one prior therapy. However, the company also announced disappointing results for an asthma therapy it has been developing. Irish packaging company Smurfit Kappa advanced as it posted a rise in third-quarter revenue and announced acquisitions in Greece and Russia to expand the group's footprint. Indivior surged after the company's monthly treatment of opioid use disorder was recommended for approval by an advisory body to the US drug regulator. Going the other way, Next was under the cosh after saying it continued to sustain declines in full price sales from its shops in the third quarter but thanks to strong online and catalogue growth the clothing retailer marched on towards its full year targets. Marks & Spencer and Primark owner Associated British Foods were also under pressure. Standard Chartered was in the red after its posted adjusted pre-tax profit of $814m for the third quarter and operating income of $3.59bn, versus estimates of $3.64bn. Retirement savings specialist Just Group ticked higher despite posting a drop in total sales for the third quarter. In broker note action, Pagegroup was boosted by an upgrade to 'buy' at Panmure Gordon, while G4S gained as Jefferies bumped it up to 'buy' and InterContinental Hotels was lifted by an upgrade to 'outperform' at Credit Suisse. Debenhams was hit by a downgrade to 'sell' at Liberum. 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Market Movers FTSE 100 (UKX) 7,487.96 -0.07% FTSE 250 (MCX) 20,350.84 0.61% techMARK (TASX) 3,543.70 0.49% FTSE 100 - Risers Paddy Power Betfair (PPB) 8,050.00p 4.48% Glencore (GLEN) 375.55p 3.46% Anglo American (AAL) 1,468.50p 3.42% BHP Billiton (BLT) 1,407.00p 3.27% Rio Tinto (RIO) 3,652.50p 2.93% Smurfit Kappa Group (SKG) 2,308.00p 2.85% AstraZeneca (AZN) 5,155.00p 2.44% Persimmon (PSN) 2,859.00p 2.03% Antofagasta (ANTO) 972.00p 1.83% Aviva (AV.) 514.00p 1.78% FTSE 100 - Fallers Next (NXT) 4,471.00p -9.14% Standard Chartered (STAN) 705.00p -6.05% Marks & Spencer Group (MKS) 329.60p -4.21% Admiral Group (ADM) 1,860.00p -3.33% Smith & Nephew (SN.) 1,378.00p -3.03% Sainsbury (J) (SBRY) 236.60p -2.43% Centrica (CNA) 165.80p -2.36% Reckitt Benckiser Group (RB.) 6,584.00p -2.24% Associated British Foods (ABF) 3,259.00p -2.19% Convatec Group (CTEC) 191.80p -2.09% FTSE 250 - Risers Indivior (INDV) 400.30p 7.72% Hochschild Mining (HOC) 232.70p 5.58% Elementis (ELM) 297.20p 4.54% Drax Group (DRX) 289.80p 4.32% Vedanta Resources (VED) 922.50p 3.89% Ferrexpo (FXPO) 263.70p 3.74% Polymetal International (POLY) 906.50p 3.66% Halma (HLMA) 1,223.00p 3.47% Cairn Energy (CNE) 218.60p 3.41% Bovis Homes Group (BVS) 1,213.00p 3.15% FTSE 250 - Fallers Card Factory (CARD) 304.40p -3.03% Ocado Group (OCDO) 279.90p -2.71% Dixons Carphone (DC.) 169.00p -2.54% Restaurant Group (RTN) 297.10p -2.17% Dunelm Group (DNLM) 717.00p -2.05% Hikma Pharmaceuticals (HIK) 1,144.00p -1.72% RPC Group (RPC) 927.50p -1.59% Serco Group (SRP) 114.80p -1.54% Intu Properties (INTU) 213.20p -1.30% The Top 10 Stocks for Q4 Our latest quarterly stocks report analyses the top and bottom 10 FTSE 100 performers of 2017 so far and looks at our Top Ten Stock Picks for Q4 including City broker consensus and their average target price for each stock. Losses can exceed deposits Download the report here US Market Report US open: Buying momentum spills over into November Wall Street has begun the new month with fresh gains ahead of the US central bank's policy announcement later in the day and various readings on the economy that some analysts said pointed to GDP growth in the vicinity of 3% in the final stretch of 2017. At 1507 GMT, the Dow Jones Industrial Average was up by 0.38% or 89.55 points at 23.465.38, alonsgide a 0.32% gain for the S&P 500 to 2,583.49 and an advance of 0.10% for the Nasdaq Composite to 6,733.58. From a sector standpoint, the biggest gains were to be seen in Gambling (3.24%), Industrial metals (2.84%) and Distillers (2.74%). In parallel, the yield on the benchmark 10-year US Treasury note was off by two basis points to 2.36%. The Fed interest rate decision was due at 1800 GMT, with no change expected. Market participants would also be turning their attention to President Trump's announcement, due Thursday, about who will replace Janet Yellen as the Fed Chair following reports that he is leaning towards Fed Governor Jerome Powell. Konstantinos Anthis at ADS Securities said: "Given that there will be no changes in policy today the focus will be on the forward guidance the Fed decides to provide investors with and with no press conference scheduled for November's meeting market participants will be eager to read what the accompanying statement has to offer. "The dollar has been on the rise recently and even though it pulled back at the start of the week the bias remains to the upside. Should the Fed's statement point towards further tightening this year and more hikes in 2018 the dollar should extend its gains albeit at a moderate pace as traders will want to wait until Friday's non-farm payrolls report to avoid any unpleasant surprises." Investors were also be keeping an eye out for Trump's tax reform bill, which was meant to be released on Wednesday but has been pushed back a day to resolve some issues. On the economic front, the widely-followed ISM manufacturing sector purchasing managers' index slipped a tad more than expected in October, printing at 58.7, which was down from 60.8 for the previous month (consensus: 59.1). Such a reading, Mickey Levy and Roiana Reid at Berenberg Capital Markets said, was consistent with 3% GDP growth in the last quarter of the year. Despite the slight miss, it was also at the 82bn percentile of all historical readings. Also to take note of, according to ADP/Moody's private sector payrolls rose by 235,000 in October (consensus: 190,000) helped in part by reconstruction efforts in the wake of the recent hurricanes on the Gulf Coast. In corporate news, auto manufacturers were in focus, with GM having posted a 2% drop in sales to 252,813 units alongside 13% fewer vehicles sold by Fiat, although Ford reported a 6.4% increase. Sector wide estimates for the month of October were due out later on Wednesday. Shares of US Steel were also in the spotlight, jumping in the wake of better-than-expected quarterly numbers out overnight which helped to quell concerns around the company on the back of rival AK Steel's latest set of figures published the day before. In particular, market participants took note of stronger than forecast guidance. Meanwhile, in the background, investors were eyeing the first move by the nation's retailers to position ahead of Black Friday, as the day after the Thanksgiving holiday - which 'officially' marks the start of the holiday shopping season - is called with Amazon.com and E-Bay unveiling their plans for this critical quarter. Stock of Clorox was also in the green after its fiscal first-quarter earnings beat analysts' estimates, while Estee Lauder shares were rocketing as the cosmetics maker's first-quarter financials surpassed analysts' forecasts. Allergan was holding higher too after the biotech concern posted third-quarter adjusted earnings per share of $4.15 versus consensus expectations of $4.04, while Molson Coors was in focus as the brewer reported third-quarter adjusted EPS in line with expectations and said full-year targets are unchanged. Still to come, earnings were due from Facebook and Tesla after the close, along with Kraft, Heinz and Qualcomm. Dow Jones - Risers Cisco Systems Inc. (CSCO) $34.74 1.71% Pfizer Inc. (PFE) $35.66 1.71% Walt Disney Co. (DIS) $99.32 1.54% Intel Corp. (INTC) $46.13 1.41% Merck & Co. Inc. (MRK) $55.54 0.81% Johnson & Johnson (JNJ) $140.48 0.77% Goldman Sachs Group Inc. (GS) $244.31 0.75% Wal-Mart Stores Inc. (WMT) $87.96 0.74% Travelers Company Inc. (TRV) $133.39 0.71% Visa Inc. (V) $110.67 0.63% Dow Jones - Fallers Apple Inc. (AAPL) $167.19 -1.09% General Electric Co. (GE) $20.11 -0.26% Boeing Co. (BA) $257.32 -0.26% Verizon Communications Inc. (VZ) $47.78 -0.19% Nike Inc. (NKE) $54.89 -0.18% Microsoft Corp. (MSFT) $83.15 -0.03% E.I. du Pont de Nemours and Co. (DD) $83.93 0.00% Unitedhealth Group Inc. (UNH) $210.26 0.02% International Business Machines Corp. (IBM) $154.13 0.05% Coca-Cola Co. (KO) $46.00 0.05% S&P 500 - Risers Estee Lauder Co. Inc. (EL) $122.17 9.26% United States Steel Corp. (X) $27.41 8.25% Verisk Analytics Inc. (VRSK) $90.47 6.37% Devon Energy Corp. (DVN) $39.09 5.93% Garmin Ltd. (GRMN) $59.44 5.00% Freeport-McMoRan Inc (FCX) $14.56 4.15% Mylan Inc. (MYL) $37.09 3.86% Southwestern Energy Co. (SWN) $5.76 3.69% Marathon Oil Corp. (MRO) $14.73 3.55% Murphy Oil Corp. (MUR) $27.58 3.10% S&P 500 - Fallers Frontier Communications Co. (FTR) $9.39 -22.46% Pitney Bowes Inc. (PBI) $11.48 -16.45% CenturyLink Inc. (CTL) $17.83 -6.11% Electronic Arts Inc. (EA) $113.05 -5.48% Cognizant Technology Solutions Corp. (CTSH) $71.84 -5.06% Zimmer Biomet Holdings Inc (ZBH) $115.94 -4.67% Under Armour Inc. Class A (UAA) $12.05 -3.75% Fiserv Inc. (FISV) $124.60 -3.73% Cerner Corp. (CERN) $65.01 -3.72% Hanesbrands Inc. (HBI) $21.75 -3.33% Nasdaq 100 - Risers Verisk Analytics Inc. (VRSK) $90.47 6.37% Mylan Inc. (MYL) $37.09 3.86% Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $208.68 3.41% Viacom Inc. Class B (VIAB) $24.73 2.91% Wynn Resorts Ltd. (WYNN) $151.56 2.76% Liberty Global Plc Lilac Class A (LILA) $22.29 2.62% Biogen Inc (BIIB) $319.08 2.38% QUALCOMM Inc. (QCOM) $52.22 2.37% Liberty Global Plc Lilac Class C (LILAK) $22.51 2.32% Liberty Global plc Series A (LBTYA) $31.48 2.04% Nasdaq 100 - Fallers Check Point Software Technologies Ltd. (CHKP) $105.27 -10.57% Electronic Arts Inc. (EA) $113.05 -5.48% Cognizant Technology Solutions Corp. (CTSH) $71.84 -5.06% Fiserv Inc. (FISV) $124.60 -3.73% Cerner Corp. (CERN) $65.01 -3.72% Tesla Inc (TSLA) $322.26 -2.80% NetEase Inc. Ads (NTES) $275.56 -2.26% Alexion Pharmaceuticals Inc. (ALXN) $117.07 -2.16% Idexx Laboratories Inc. (IDXX) $162.63 -2.13% Prime Centrum Specialists in UK Residential Property Investment with High Income 68% Return on Investment with UK Buy-to-Let Property  Invest From £119,950 7% NET income Assured for 3 Years 15% Discount Below Market Comparables Request More Information Broker Tips Broker tips: Debenhams, G4S, IHG Debenhams was under the cosh on Wednesday as Liberum downgraded its stance on the department store chain to 'sell' from 'hold' and cut the price target to 40p from 58p as it revisited the investment case following the group's prelims. "Looking past the low current rating (CY18E PER 8.4x), we focus on the fundamentals, which do not enthuse us," it said. The brokerage argued that ongoing structural challenges, a soft consumer environment, rising costs and increasing capex demands make for a difficult outlook. Liberum acknowledged management's ambition and the progress made so far with the 'Debenhams Redesigned' strategy. However, it highlighted long-term structural challenges which it reckons will demand increasing investment just to maintain - at best - market position. "Mid-market department stores are being squeezed by more premium players, specialists and online. We acknowledge the progress under the new CEO, but turning 13m sq. ft. into 'destination' space is tough. Material closures/right-sizing will take time." Security services company G4S was on the front foot on Wednesday as Jefferies upgraded the stock to 'buy' from 'hold' and lifted the price target to 330p from 270p. It noted that the shares have underperformed on the back of disappointing second-quarter organic revenue growth, but said momentum should recover in the first half of 2018, helped by improving emerging markets and US wage inflation. "A new Cash360 contract should contribute 1% to organic revenue growth from Q4; emerging markets momentum should improve over the next 12 months; US wage rate inflation has accelerated sharply; and the bid pipeline continues to edge higher," it said. Jefferies pointed out that according to the Bureau of Labor Statistics, security wage inflation has accelerated sharply to 10-15%. Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 GSK GlaxoSmithKline plc 6.09 2 GGP Greatland Gold Plc 3.69 3 BARC Barclays plc 2.32 4 LLOY Lloyds Banking Group plc 2.23 5 VAST Vast Resources plc 1.79 6 SXX Sirius Minerals plc 1.52 7 UKOG UK Oil & Gas Investments plc 1.14 8 BT.A BT Group plc 1.08 9 SMT Scottish Mortgage Investment Trust 1.04 10 ULVR Unilever plc 0.93 Number of Deals Sold Place EPIC Equity name % 1 LLOY Lloyds Banking Group plc 3.23 2 GGP Greatland Gold Plc 2.37 3 VAST Vast Resources plc 1.43 4 SXX Sirius Minerals plc 1.42 5 UKOG UK Oil & Gas Investments plc 1.06 6 GSK GlaxoSmithKline plc 0.93 7 GLEN Glencore plc 0.87 8 BDEV Barratt Developments plc 0.86 9 BOO Boohoo.com 0.86 10 BP. BP Plc 0.86   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. 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ADVFN Newsdesk - Overseas Strength May Carry Over To Wall Street

ADVFN  World Daily Markets Bulletin Daily world financial news Wednesday, 01 November 2017 12:50:25    Monitor Quote Charts News Toplists Forex Boards   Stock option alerts by Antivestor. Free Trial. Consistently beat the stock market with 1 trade a day. 68.2% Success rate, Daily stock selection, No payment details needed.  Try for free now.  US Market NYSE AMEX Dow Jones Nasdaq Please click on the images to view our interactive charts The major U.S. index futures are pointing to a higher opening on Wednesday, with stocks poised to add to the modest gains posted in the previous session. Early buying interest may be generated in reaction to strength in the overseas markets, which benefited from an increase in oil and metal prices. The upward momentum also comes following the release of a report from payroll processor ADP showing stronger than expected private sector job growth in the month of October. Nonetheless, trading activity may be somewhat subdued ahead of the Federal Reserve's monetary policy announcement this afternoon. The Fed is widely expected to keep interest rates unchanged, but traders will look to the accompanying statement for clues about the possibility of a rate hike in December. Following the modest pullback seen to start the week, stocks moved back to the upside during trading on Tuesday. While buying interest was somewhat subdued, the tech-heavy Nasdaq reached a new record closing high. The major averages all closed in positive territory, although the Nasdaq outperformed its counterparts. The Nasdaq climbed 28.71 points or 0.4 percent to 6,727.67, while the Dow inched up 28.50 points or 0.1 percent to 23,377.24 and the S&P 500 crept up 2.43 points or 0.1 percent to 2,575.26. The modest strength on Wall Street partly reflected a positive reaction to the latest batch of earnings news, with Kellogg (K) and Mondelez (MDLZ) posting notable gains after reporting better than expected third quarter results. Shares of Sony (SNE) also moved sharply higher after the consumer electronics giant reported strong second quarter profit growth and raised its full-year guidance. On the other hand, Under Armour (UAA) posted a steep loss after the athletic apparel maker reported better than expected third quarter earnings but slashed its full-year outlook. Overall trading activity was relatively light, however, with traders looking ahead to key economic data and earnings news in the coming days. The closely watched monthly jobs report due to be released on Friday is likely to be in focus, with employment expected to jump by 300,000 jobs in October. Reports on manufacturing and service sector activity, construction spending, and labor productivity and costs may also attract attention. On the earnings front, Apple (AAPL), Facebook (FB), DowDuPont (DWDP), Yum! Brands (YUM), and Starbucks (SBUX) are among the companies due to report their quarterly results later this week. Traders largely shrugged off a report from the Conference Board showing a substantial improvement in consumer confidence in the month of October. The Conference Board said its consumer confidence index jumped to 125.9 in October from an upwardly revised 120.6 in September. Economists had expected the index to inch up to 121.0 from the 119.8 originally reported for the previous month. With the much bigger than expected increase, the consumer confidence index reached its highest level since hitting 128.6 in December of 2000. Computer hardware stocks showed a significant move to the upside over the course of the trading day, driving the NYSE Arca Computer Hardware Index up by 2.2 percent. The index bounced further off the two-month closing lower set last Friday. Supercomputer maker Cray (CRAY) posted a standout gain after reporting third quarter results that beat analyst estimates on both the top and bottom lines. Notable strength also emerged among telecom stocks, with the NYSE Arca North American Telecom Index climbing by 1.3 percent. The gain by the index came after it ended the previous session at its lowest closing level in over eleven months. On the other hand, gold stocks came under pressure on the day, dragging the NYSE Arca Gold Bugs Index down by 1.6 percent. The weakness in the sector came amid a decrease by the price of gold. Bitcoin Blueprint See How the Secret “Bitcoin Blueprint” Could Have Generated $1.64 Million in 72 Hours. There are now over 831 different alternative currencies driving this RED-HOT market. Click here to find out how to turn $20 into an absolute fortune with cryptocurrencies. US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts After reporting a notable slowdown in U.S. private sector job growth in the previous month, payroll processor ADP released a report showing a bigger than expected increase in private sector employment in the month of October. ADP said private sector employment climbed by 235,000 jobs in October after rising by a downwardly revised 110,000 jobs in September. Economists had expected an increase of about 200,000 jobs compared to the addition of 135,000 jobs originally reported for the previous month. The bigger than expected increase came after private sector employment grew at its slowest rate in nearly a year in September. At 10 am ET, the Institute for Supply Management is scheduled to release its report on manufacturing activity in the month of October. The ISM's manufacturing index is expected to slip to 59.5 in October after climbing to a thirteen-year high of 60.8 in September, although a reading above 50 would still indicate growth. The Commerce Department is also due to release its report on construction spending in the month of September at 10 am ET. Construction spending is expected to come in unchanged. At 10:30 am ET, the Energy Information Administration is scheduled to release its report on oil inventories in the week ended October 27th. Crude oil inventories are expected to drop by 2.6 million barrels after edging up by 0.9 million barrels in the previous week. Following a two-day meeting, the Federal Reserve is scheduled to announce is latest monetary policy decision at 2 pm ET. Trump's Set to Send this $0.24 Stock Exploding Higher! Trump's Set to Send this $0.24 Stock Exploding Higher! Investors in this tiny company will love Trump for what he’s about to do. This entire situation will change after December 31. Click here for the details. Stocks In Focus Shares of Garmin (GRMN) are moving notably higher in pre-market trading after the GPS device maker reported better than expected third quarter results and raised its full-year guidance. Biopharmaceutical company Sucampo Pharmaceuticals (SCMP) is also likely to see early strength after reporting third quarter revenues that exceeded analyst estimates. Shares of Neos Therapeutics (NEOS) may also move to the upside after a report from Reuters said the drug maker will consider offers from other potential buyers after rejecting a fourth takeover offer by PDL Biopharma (PDLI). On the other hand, shares of Check Point Software (CHKP) may come under pressure after the security software company reported better than expected third quarter results but provided disappointing revenue guidance for the current quarter. Pizza chain Papa John's (PZZA) is also likely to move to the downside after lowering its full-year earnings growth forecast. Shares of Electronic Arts (EA) are also seeing pre-market weakness after the video game giant reported better than expected fiscal second quarter earnings but forecast third quarter results below estimates. Strategic Intelligence What’s the one money move that’s almost predestined to soar under Trump? It’s not a stock, a mutual fund or even real estate. Click here to find out what it is. Europe markets European stocks have moved mostly higher on Wednesday, with German shares leading the surge as traders returned to their desks after a bank holiday the previous day. Underlying sentiment remained supported as Catalonia worries eased and encouraging data from the U.S. and China stoked optimism about the global economy. Catalonia's ousted leader Carles Puigdemont has agreed to the snap election called by Spain's central government but said the fight for independence would go on. On a light day on the economic front, market participants awaited the outcome of the Federal Reserve's policy meeting later in the day for clues as to whether the U.S. central bank is on track to raise rates in December. While the German DAX Index has shot up by 1.9 percent, the French CAC 40 Index is up by 0.4 percent and the U.K.'s FTSE 100 Index is up by 0.2 percent. German automakers BMW, Daimler and Volkswagen have moved to the upside before publishing their U.S. car sales figures for October. Bayer has also advanced 1 amid reports the German pharmaceutical firm and Novartis are threatening legal action against twelve clinical commissioning groups in the north of England for plans to offer patients a cheap eye drug. Novartis shares have also risen. Finnish tire maker Nokian Tyres has rallied after its quarterly profit topped forecasts. AstraZeneca has also climbed in London on winning U.S. approval for a new drug to treat blood cancer. Likewise, Indivior shares have jumped as much as 11 percent after a FDA committee recommended approval for a new drug to treat opioid addiction. On the other hand, Danish pharmaceutical company Novo Nordisk has moved lower after warning that new U.S. legislation could impact business in its key market. Lender Standard Chartered has also slumped as higher expenses overshadowed a rise in its third quarter profit. Next Plc shares have plunged after a disappointing trading update, with sales figures missing forecasts. Discover the NUMBER 1 Trading Strategy You Need to Know During Uncertain Market Conditions. Consistent and safe returns up to 40% Download Free Training Material Asia markets USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts Asian stocks rose broadly on Wednesday as investors awaited the FOMC decision and a private survey signaled improvement in manufacturing operating conditions across China in October. Chinese shares rose marginally after the Caixin manufacturing Purchasing Managers' Index for October matched expectations. The PMI came in unchanged at 51.0 in October, remaining above 50 for the fifth consecutive month. The benchmark Shanghai Composite Index inched up 2.73 points or 0.1 percent to 3,396.07, while Hong Kong's Hang Seng Index jumped 348.52 points or 1.2 percent to 28,594.06. Japanese shares rallied sharply, with a weakening yen, solid manufacturing data and upbeat corporate earnings results boosting investor sentiment. Japan's manufacturing activity continued to expand strongly in October, underpinned by solid expansions in output, new orders and employment, survey data from IHS Markit showed. The Nikkei 225 Index surged up 408.47 points or 1.9 percent to a 21-year high of 22,420.08, while the broader Topix Index closed 1.2 percent higher at 1,786.71. Banks rose broadly, with Mitsubishi UFJ Financial, Mizuho Financial and Sumitomo Mitsui Financial rising around 1 percent each. Inpex rallied 2.4 percent after Brent oil prices jumped back above the $60 a barrel mark for the first time since July of 2015. A weaker yen boosted exporters, with Canon, Honda and Panasonic rising 1-4 percent. Sony soared 11.4 percent after reporting strong second-quarter profit growth and raising its full-year operating income forecast. Australian shares gained ground as Chinese steel futures rose and the latest survey from the Australian Industry Group revealed growth in the country's manufacturing sector for the thirteenth consecutive month in October. The benchmark S&P/ASX 200 Index rose 28.80 points or 0.5 percent to 5,937.80, while the broader All Ordinaries Index ended 29.10 points or 0.5 percent higher at 6,005.50. National Australia Bank gained 0.7 percent ahead of its earnings results due on Thursday, ANZ rose half a percent and Westpac added 0.6 percent. Mining heavyweights BHP Billiton and Rio Tinto rose 1.6 percent and 0.8 percent respectively. Energy stocks such as Woodside Petroleum and Santos climbed 1-2 percent after crude oil prices extended gains overnight. Meanwhile, Oil Search tumbled 3 percent after announcing it is buying oil blocks in Alaska for $400 million. Myer Holdings slumped 4.6 percent after the department store chain dropped its sales targets, citing challenging retail conditions. CSR plunged 5.5 percent despite the building products supplier posting a slight rise in first-half profit. Seoul stocks rallied to close at fresh record highs, led by technology shares. The benchmark Kospi jumped 33.04 points or 1.3 percent to finish at 2,556.47. You'll Need This Book How To Increase Your Social Security Benefits By As Much As $570 Per Month With One Single Word. Click here to learn more Commodity, Currency Markets Crude oil futures are climbing $0.58 to $54.96 a barrel after rising $0.23 to $54.38 a barrel on Tuesday. Gold futures, which slid $7.20 to $1,270.50 an ounce in the previous session, are advancing $6.10 to $1,276.60 an ounce. On the currency front, the U.S. dollar is trading at 114.19 yen compared to the 113.64 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.1617 compared to yesterday's $1.1588.     To unsubscribe from this news bulletin or edit your mailing list settings click here. 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Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Wednesday, 01 November 2017 10:29:12 Monitor Quote Charts News CFD's Compare Brokers Free BB   Who pockets your portfolio's profits? You or your broker? Make sure you’re not paying too much for your portfolio’s account admin by choosing fixed over percentage-based fees. Capital at risk. Read more London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks edge higher ahead of manufacturing data; Next bucks trend London stocks edged higher in early trade on Wednesday as investors sifted through corporate news ahead of some key manufacturing data, although retailer Next bucked the trend after disappointing third-quarter results. At 0830 BST, the FTSE 100 was up 0.4% to 7,523.91, while the pound was up 0.2% versus the euro at 1.1422 and 0.1% firmer against the dollar at 1.3301. Spreadex analyst Connor Campbell said: "Now the FTSE and the pound just need to withstand the morning's UK manufacturing PMI. After smashing forecasts in July and August, September saw the PMI post fairly sizeable miss; it's expected to have continued to cool in October, with analysts forecasting a slight dip from 55.9 to 55.8 month-on-month (though estimates haven't been anywhere near accurate for a while)." Markit's manufacturing PMI is at 0930 GMT, while the Federal Reserve's latest policy announcement is at 1800 GMT, although no change to rates is expected. As far as the UK is concerned, the Bank of England will make its policy announcement on Thursday amid expectations of the first rate hike since 2007. A survey released earlier by Nationwide earlier revealed that UK house price growth ticked up a little to a three month high in October. House prices increased 2.5% on the year versus 2.3% in September, beating analysts' expectations for a slowdown to 2.2%. On the month, prices were up 0.2%, in line with expectations but down from 0.4%. In corporate news, Next was under the cosh after saying it continued to sustain declines in full price sales from its shops in the third quarter but thanks to strong online and catalogue growth the clothing retailer marched on towards its full year targets. Marks & Spencer and Primark owner Associated British Foods were also under pressure. Standard Chartered was also in the red after it posted adjusted pre-tax profit of $814m for the third quarter and operating income of $3.59bn, versus estimates of $3.64bn, while Just Group ticked lower as it posted a drop in total sales for the third quarter. On the upside, Paddy Power Betfair rallied after it said trading was good in the third quarter, prompting the bookmaker to make a small upgrade to its annual profit guidance. AstraZeneca was in the black after mixed news. The pharmaceuticals giant said the US Food and Drug Administration has granted accelerated approval to Calquence (acalabrutinib) - a kinase inhibitor indicated for the treatment of adult patients with mantle cell lymphoma who have received at least one prior therapy. However, the company also announced disappointing results for an asthma therapy it has been developing. Old Mutual edged higher after announcing that the strategic minority shareholding to be retained in South African banking firm Nedbank Group, to underpin the ongoing commercial relationship between the companies, has been agreed at 19.9%. Irish packaging company Smurfit Kappa advanced as it posted a rise in third-quarter revenue and announced acquisitions in Greece and Russia to expand the group's footprint. Indivior surged after the company's long-lasting treatment of opioid use disorder was recommended for approval by the US drug regulator's advisory body. Halma gained ground as it completed the acquisition of Mini-Cam from Lloyds Development Capital and a group of private shareholders for an initial cash consideration of £62m. CLS Holdings advanced after completing the disposal of Centenary Court in Bradford to a private investor for £14.35m. In broker note action, Pagegroup was boosted by an upgrade to 'buy' at Panmure Gordon, while G4S gained as Jefferies bumped it up to 'buy' and InterContinental Hotels was lifted by an upgrade to 'outperform' at Credit Suisse. On the downside, Debenhams was hit by a downgrade to 'sell' at Liberum. The student accommodation market is one of the most lucrative investments available, and developments like X1 The Campus which are on the university campus and located within easy reach of Manchester city centre are proving to be incredibly popular. Luxury apartments are available from £89,95 – enquire today! Market Movers FTSE 100 (UKX) 7,525.40 0.43% FTSE 250 (MCX) 20,406.63 0.88% techMARK (TASX) 3,559.31 0.94% FTSE 100 - Risers G4S (GFS) 294.00p 4.63% Paddy Power Betfair (PPB) 7,980.00p 3.57% Anglo American (AAL) 1,469.00p 3.45% Antofagasta (ANTO) 978.50p 2.51% BHP Billiton (BLT) 1,396.50p 2.50% Glencore (GLEN) 371.30p 2.29% InterContinental Hotels Group (IHG) 4,253.00p 1.94% Smurfit Kappa Group (SKG) 2,285.00p 1.83% Rio Tinto (RIO) 3,612.50p 1.80% AstraZeneca (AZN) 5,114.00p 1.63% FTSE 100 - Fallers Next (NXT) 4,624.00p -6.04% Standard Chartered (STAN) 710.90p -5.26% Marks & Spencer Group (MKS) 331.10p -3.78% Associated British Foods (ABF) 3,251.00p -2.43% Centrica (CNA) 167.20p -1.53% Rolls-Royce Holdings (RR.) 962.00p -1.13% British Land Company (BLND) 595.00p -1.00% Sainsbury (J) (SBRY) 240.10p -0.99% Tesco (TSCO) 179.75p -0.91% Land Securities Group (LAND) 957.50p -0.88% FTSE 250 - Risers Indivior (INDV) 411.90p 10.84% Ferrexpo (FXPO) 268.90p 5.78% Vedanta Resources (VED) 930.00p 4.73% Evraz (EVR) 300.10p 4.02% Tullow Oil (TLW) 188.90p 3.79% Kaz Minerals (KAZ) 841.00p 3.44% Halma (HLMA) 1,220.00p 3.21% Cairn Energy (CNE) 217.70p 2.98% Fisher (James) & Sons (FSJ) 1,600.00p 2.83% Hunting (HTG) 537.50p 2.67% FTSE 250 - Fallers Rank Group (RNK) 234.70p -1.35% Supergroup (SGP) 1,833.00p -1.13% Provident Financial (PFG) 921.00p -1.13% Royal Mail (RMG) 370.40p -1.07% Booker Group (BOK) 199.40p -0.89% Spire Healthcare Group (SPI) 294.70p -0.77% Vietnam Enterprise Investments (DI) (VEIL) 392.10p -0.66% Coats Group (COA) 85.00p -0.64% Pershing Square Holdings Ltd NPV (PSH) 1,020.00p -0.58% The Top 10 Stocks for Q4 Our latest quarterly stocks report analyses the top and bottom 10 FTSE 100 performers of 2017 so far and looks at our Top Ten Stock Picks for Q4 including City broker consensus and their average target price for each stock. Losses can exceed deposits Download the report here UK Event Calendar Wednesday 01 November INTERIM DIVIDEND PAYMENT DATE Smith & Nephew, StatPro Group QUARTERLY PAYMENT DATE Mercantile Investment Trust (The) INTERNATIONAL ECONOMIC ANNOUNCEMENTS Construction Spending (US) (15:00) Crude Oil Inventories (US) (14:30) ISM Manufacturing (US) (14:00) ISM Prices Paid (US) (14:00) MBA Mortgage Applications (US) (11:00) Q3 Apax Global Alpha Limited , Smurfit Kappa Group IMSS Standard Chartered SPECIAL DIVIDEND PAYMENT DATE Next AGMS Greka Drilling Ltd (DI), South32 Limited (DI) , Stanley Gibbons Group, Thinksmart Limited (DI) TRADING ANNOUNCEMENTS Just Group, Millennium & Copthorne Hotels, Next, Paddy Power Betfair UK ECONOMIC ANNOUNCEMENTS BRC Shop Price Index (00:01) PMI Manufacturing (09:30) FINAL DIVIDEND PAYMENT DATE Smith (DS) Prime Centrum Specialists in UK Residential Property Investment with High Income 68% Return on Investment with UK Buy-to-Let Property  Invest From £119,950 7% NET income Assured for 3 Years 15% Discount Below Market Comparables Request More Information US Market Report US open: Wall Street set to finish October on a positive note Wall Street was trading slightly higher on the last day of October with investors digesting another slew of corporate results as the US central bank's two-day policy meeting got underway. Ahead of the Fed's rate announcement and alongside multiple strong readings on the economy, at 1515 GMT, the Dow Jones Industrial Average was ahead by 0.12% or 27.50 points at 23,375.93, while the S&P 500 was ahead by 0.14% or 3.70 points to 2,576.52 with the Nasdaq Composite 0.40% or 26.47 points firmer at 6,725.64. From a sector standpoint, the strongest performance was being seen in the following industry groups: Paper (2.03%), Food products (1.90%) and Forestry & Paper (1.68%). On the economic front, the Chicago NAPM's regional manufacturing purchasing managers' index shot higher in October to reach a reading of 66.2 (consensus: 60.0). Those figures came alongside the results of the Conference Board's latest consumer confidence survey which picked up to a level of 125.9 (consensus: 121.0) - its best print since December 2000. In corporate news, shares of healthcare insurer Aetna were slipping despite reporting third-quarter earnings that beat expectations and lifting its 2017 guidance, while snack maker Mondelez was on the front foot after it reported better-than-expected third-quarter profit late on Monday. IBM was also in the spotlight after the technology stalwart unveiled a $3.0bn share buyback programme. Chip-maker Micron Technology was one of the most wanted stocks, even on the back of already hefty gains year-to-date which had seen its shares almost double in value. Earlier on Tuesday, the company announced deals with two Chinese outfits, including Shenzhen Security and Protection Industry Association, to accelerate deployment of new products in Asia. Valeant Pharmaceuticals was on the up too after the company said it is on track to pay down more than $5bn in debt ahead of its previous 2018 goal. Going the other way, Under Armour was getting riddled by sell orders on the heels of lower-than-expected third-quarter revenue due to weaker North American demand and as the apparel retailer cut its full-year outlook. General Electric was also among the most traded issues on the NYSE, amid 'market chatter' referencing the conglomerate's expected 13 November meeting with investors. Pfizer stock was down even after its third-quarter profit figures failed to impress and the company raised its 2017 earnings outlook. Qualcomm shares were unloved following reports that Apple could ditch the company's components in next year's iPhones, while Archer Daniels was in focus after the agricultural commodities processor posted third-quarter earnings per share of 34 cents versus 58 cents a year ago. Hormel Foods found a bid after agreeing to buy salami maker Columbus Manufacturing for around $850m. Dow Jones - Risers Intel Corp. (INTC) $45.60 2.76% Apple Inc. (AAPL) $169.00 1.37% Travelers Company Inc. (TRV) $132.66 1.22% McDonald's Corp. (MCD) $167.32 1.17% United Technologies Corp. (UTX) $120.03 0.81% Chevron Corp. (CVX) $114.34 0.70% Boeing Co. (BA) $258.08 0.63% Goldman Sachs Group Inc. (GS) $242.63 0.38% Cisco Systems Inc. (CSCO) $34.13 0.26% International Business Machines Corp. (IBM) $153.72 0.03% Dow Jones - Fallers Merck & Co. Inc. (MRK) $55.44 -4.81% General Electric Co. (GE) $20.16 -3.03% Verizon Communications Inc. (VZ) $47.82 -2.15% Pfizer Inc. (PFE) $34.85 -2.10% Johnson & Johnson (JNJ) $139.29 -1.76% 3M Co. (MMM) $230.93 -1.62% Caterpillar Inc. (CAT) $135.70 -1.53% Nike Inc. (NKE) $55.22 -1.33% Unitedhealth Group Inc. (UNH) $209.94 -1.25% Home Depot Inc. (HD) $165.96 -0.83% S&P 500 - Risers Mosaic Company (MOS) $22.60 7.93% Endo International Plc (ENDP) $6.43 7.80% Micron Technology Inc. (MU) $44.35 6.49% Rockwell Automation Inc. (ROK) $200.75 6.34% Tenet Healthcare Corp. (THC) $14.20 6.21% CenturyLink Inc. (CTL) $18.49 5.75% Wynn Resorts Ltd. (WYNN) $149.28 5.71% LyondellBasell Industries (LYB) $104.65 5.70% Mondelez International Inc. (MDLZ) $41.51 5.62% Spectra Energy Corp. (SE) $14.74 5.21% S&P 500 - Fallers Under Armour Inc. Class A (UAA) $13.57 -15.40% Mattel Inc. (MAT) $14.24 -8.57% Mylan Inc. (MYL) $35.47 -7.24% QUALCOMM Inc. (QCOM) $50.97 -6.75% H&R Block Inc. (HRB) $24.77 -5.71% Archer-Daniels-Midland Co. (ADM) $40.62 -5.70% United States Steel Corp. (X) $24.99 -5.48% SCANA Corp. (SCG) $43.95 -5.48% Alexion Pharmaceuticals Inc. (ALXN) $121.11 -5.24% Macy's Inc. (M) $18.67 -5.21% Nasdaq 100 - Risers Micron Technology Inc. (MU) $44.35 6.49% Wynn Resorts Ltd. (WYNN) $149.28 5.71% Mondelez International Inc. (MDLZ) $41.51 5.62% Western Digital Corp. (WDC) $89.70 4.56% Baidu Inc. (BIDU) $243.62 3.05% Seagate Technology Plc (STX) $37.67 2.70% Intel Corp. (INTC) $45.51 2.58% Expedia Inc. (EXPE) $123.26 2.53% Skyworks Solutions Inc. (SWKS) $114.14 1.91% Cerner Corp. (CERN) $67.70 1.87% Nasdaq 100 - Fallers Mylan Inc. (MYL) $35.47 -7.24% QUALCOMM Inc. (QCOM) $50.97 -6.75% Alexion Pharmaceuticals Inc. (ALXN) $121.11 -5.24% Vertex Pharmaceuticals Inc. (VRTX) $144.25 -3.53% Hasbro Inc (HAS) $92.99 -2.60% Viacom Inc. Class B (VIAB) $23.78 -1.86% Discovery Communications Inc. Class A (DISCA) $18.72 -1.40% Discovery Communications Inc. Class C (DISCK) $17.69 -1.31% Idexx Laboratories Inc. (IDXX) $162.33 -1.27% Top of the stocks Number of Deals Bought Place EPIC Equity name % 1 GSK GlaxoSmithKline plc 6.09 2 GGP Greatland Gold Plc 3.69 3 BARC Barclays plc 2.32 4 LLOY Lloyds Banking Group plc 2.23 5 VAST Vast Resources plc 1.79 6 SXX Sirius Minerals plc 1.52 7 UKOG UK Oil & Gas Investments plc 1.14 8 BT.A BT Group plc 1.08 9 SMT Scottish Mortgage Investment Trust 1.04 10 ULVR Unilever plc 0.93 Number of Deals Sold Place EPIC Equity name % 1 LLOY Lloyds Banking Group plc 3.23 2 GGP Greatland Gold Plc 2.37 3 VAST Vast Resources plc 1.43 4 SXX Sirius Minerals plc 1.42 5 UKOG UK Oil & Gas Investments plc 1.06 6 GSK GlaxoSmithKline plc 0.93 7 GLEN Glencore plc 0.87 8 BDEV Barratt Developments plc 0.86 9 BOO Boohoo.com 0.86 10 BP. BP Plc 0.86 Newspaper Round Up Wednesday newspaper round-up: UK property market, North-South divide, Bitcoin The UK’s property market will take this week’s expected rise in interest rates in its stride, according to ratings agency Moody’s, but it warned that the outlook for the buy-to-let market has worsened significantly. The agency, which along with Standard & Poor’s was widely condemned for awarding triple-A ratings to sub-prime mortgage books before the 2008 financial crisis, said the British property market is more resilient than is widely believed. – Guardian Britain's north-south divide should be tackled by a government pledge in its new industrial strategy to provide every citizen with decent transport, schools, hospitals and digital access, an expert body says. The independent industrial strategy commission on Wednesday urged ministers to tackle Britain's regional imbalances by committing to universal basic infrastructure " a guaranteed standard for the whole of the UK. " Guardian Fast-growing fintech company MarketInvoice is launching a business lending service, after advancing over £1.6bn to UK firms through invoice finance over the past six years. Anil Stocker, chief executive and co-founder of MarketInvoice, told The Daily Telegraph that the firm wanted to lend over £100m to companies within two years. - Telegraph Britain's economy will grow only slowly for the foreseeable future as weak productivity dents the UK's prospects, a top economic think-tank has warned. Philip Hammond, the Chancellor, has only limited wiggle room in his November Budget as a result, because sluggish growth will be bad for tax revenues in the years to come. " Telegraph Manufacturers are demanding tougher controls over foreign takeovers after the acquisition of one of Britain's most promising technology companies. The EEF, which represents 20,000 companies, said that an independent panel should be established to consider the wider impact of takeovers, such as changes to supply chains and the loss of technological prowess, when deciding the potential benefits. " The Times Bitcoin surged past $6,400 for the first time yesterday as an American derivatives exchange announced plans to sell futures contracts for the digital currency. The plans, announced by CME Group, would allow investors to trade in bitcoin in the same way that they trade in gold, oil and other assets that use futures. " The Times   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