Morning Euro Markets Bulletin

ADVFN III Morning Euro Markets Bulletin Daily world financial news Wednesday, 30 October 2013 09:59:29 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Capital Spreads Straight talking from Capital Spreads Enjoy tight spreads, 3500+ financial markets to trade and superb client service. Losses can exceed deposits. Find out more. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Next leads FTSE 100 higher - Next shares charge higher after Q3 impresses - Tesco and Sainsbury go to court - All eyes on Fed meeting techMARK 2,659.40 +0.13% FTSE 100 6,805.38 +0.45% FTSE 250 15,560.62 +0.16% The FTSE moved higher in early trade today, tracking gains seen in the US overnight ahead of the Federal Reserve policy announcement due this evening. The gains were led by retailer Next, which impressed with its third quarter results, while a contract win by Petrofac also pleased the market. The UK Treasury is reportedly considering the possibility of capping pension fund fees to ensure there is no exploitation of its auto-enrolement system, it was reported this morning. Meanwhile, two of the Big Four supermarkets, Sainsbury and Tesco, are going head-to-head in a court battle over the latter's Price Promise campaign. Merlin Entertainment, the owner of attractions such as Madame Tussauds, Legoland, and Thorpe Park, has been valued at between £2.8bn and £3.3bn ahead of its stock market floatation. The stock is expected to begin trading on November 12th. Investors keep close eye on action in US The Fed is expected to announce that it will maintain its $85bn in monthly asset purchases and keep the interest rate at 0.25% after the two-day meeting wraps. The market does not see the central bank tapering stimulus until March 2014 after a 16-day government shutdown earlier this month took at least $24bn out of the economy ... The majority of economists surveyed so far believe that the Fed will resist tapering until March 2014 earliest,” said Spreadex Trader Max Cohen. Acting as a backdrop to these events will be the release of inflation figures for September. The US consumer price index is expected to fall to 1.2% year-on-year last month from 1.5% in August. Meanwhile, in Germany, the CPI for October is tipped to remain unchanged at 1.4% year-on-year. Next impressed with increase in Q3 sales High Street clothing and homeware retailer Next topped the leader board after it reported an increase in third quarter sales, despite ongoing trading volatility, as it upwardly revised its earnings forecasts for the full year. Next Brand sales in the third quarter rose 4.3% after Next Directory jumped 10.7% and Next Retail rose 0.4%. Banking group Barclays posted a strong rise in its nine-month pre-tax profits from £962m to £2.85bn, while its mis-sold personal protection insurance pay-outs were steady at £3.95bn. Oilfield service provider Petrofac was also higher after it won a share of a $650m contract to provide engineering, procurement and construction services for the Algerian government. The group is leading a partnership with Italian contractor Bonatti to provide a 32-month contract to extend the life of the Alrar gas field in south east Algeria for Sonatrach, the Algerian state-owned resources company. Meanwhile, sales slowed in constant currencies at Pearson in the third quarter but the publisher remained on track to hit its full year earnings targets. Although the Financial Times owner saw 4% sales growth in the first nine months at constant currencies, down from 5% in the first half of the year, but on an underlying basis it remained at 2%. Standard Life shares declined despite the fund manager reporting "good progress" in the first nine months of the year, in which it delivered "substantial growth in net flows, assets and fee based revenue". Group assets under administration increased by 9% to £237.6bn, while fee-based revenue increased by 15% to £1,059m. Standard Chartered shares were also retreating, with investors profit-taking one day after the company reported a slight increase in operating profit for the year-to-date due to tight cost controls. In a trading update for the nine months ended September 30th, the financial services company said it delivered a strong performance despite an uncertain market environment. 40% Returns from unusual but proven industry Download our FREE Full Industry Review here. FTSE 100 - Risers Next (NXT) 5,535.00p +6.34% Petrofac Ltd. (PFC) 1,525.00p +3.88% Barclays (BARC) 273.50p +2.80% Experian (EXPN) 1,257.00p +2.20% Marks & Spencer Group (MKS) 496.10p +2.16% BP (BP.) 487.10p +2.01% easyJet (EZJ) 1,334.00p +1.75% Kingfisher (KGF) 381.10p +1.60% Tullow Oil (TLW) 951.00p +1.60% GKN (GKN) 368.50p +1.40% FTSE 100 - Fallers Pearson (PSON) 1,322.00p -3.15% Standard Life (SL.) 361.40p -2.11% RSA Insurance Group (RSA) 127.30p -1.16% Standard Chartered (STAN) 1,526.50p -1.10% British Land Co (BLND) 627.00p -0.79% Land Securities Group (LAND) 992.50p -0.65% Fresnillo (FRES) 1,014.00p -0.49% SABMiller (SAB) 3,276.00p -0.33% Coca-Cola HBC AG (CDI) (CCH) 1,792.00p -0.33% Johnson Matthey (JMAT) 2,985.00p -0.27% FTSE 250 - Risers African Barrick Gold (ABG) 184.00p +8.17% Thomas Cook Group (TCG) 142.60p +3.03% Debenhams (DEB) 101.30p +2.32% Ocado Group (OCDO) 439.60p +2.11% Menzies(John) (MNZS) 806.50p +1.96% ICAP (IAP) 381.80p +1.81% Dunelm Group (DNLM) 890.00p +1.54% Afren (AFR) 148.80p +1.50% Paragon Group Of Companies (PAG) 335.10p +1.48% Inchcape (INCH) 643.00p +1.42% FTSE 250 - Fallers Morgan Advance Materials (MGAM) 285.50p -4.83% IP Group (IPO) 149.20p -3.12% Carpetright (CPR) 610.50p -2.94% Go-Ahead Group (GOG) 1,690.00p -2.76% KCOM Group (KCOM) 98.65p -2.71% Synthomer (SYNT) 246.80p -2.18% Xaar (XAR) 800.50p -2.14% Countrywide (CWD) 559.00p -1.93% Perform Group (PER) 550.00p -1.61% Provident Financial (PFG) 1,572.00p -1.50% FTSE TechMARK - Risers Puricore (PURI) 48.00p +2.13% SDL (SDL) 258.00p +1.08% Wolfson Microelectronics (WLF) 143.50p +0.70% Anite (AIE) 88.75p +0.28% Vectura Group (VEC) 112.00p +0.22% IShares Euro Gov Bond 7-10YR UCITS ETF (IEGM) € 179.20 +0.17% FTSE TechMARK - Fallers XP Power Ltd. (DI) (XPP) 1,560.00p -2.80% Vislink (VLK) 49.25p -1.75% Kofax (KFX) 371.25p -1.00% NCC Group (NCC) 160.75p -0.62% Ricardo (RCDO) 598.88p -0.44% Microgen (MCGN) 127.00p -0.39% UK Event Calendar INTERIMS Advanced Computer Software Group, C&C Group INTERIM DIVIDEND PAYMENT DATE Amiad Water Systems Ltd, Ashley (Laura) Holding INTERIM EX-DIVIDEND DATE APR Energy, BlackRock Smaller Companies Trust, Blackstar Group SE (DI), Bloomsbury Publishing, Booker Group, Development Securities, Energy Technique, Hilton Food Group, ITV, Lombard Risk Management, Lookers, M&C Saatchi, Moss Bros Group, Provident Financial QUARTERLY PAYMENT DATE Dow Chemical Co QUARTERLY EX-DIVIDEND DATE JPMorgan Claverhouse Inv Trust INTERNATIONAL ECONOMIC ANNOUNCEMENTS Business Climate Indicator (EU) (10:00) US ADP employment report (12:15) Consumer Price Index (US) (12:30) Crude Oil Inventories (US) (14:30) Economic Sentiment Indicator (EU) (10:00) FOMC Interest Rate (US) (16:15) GDP (Advance) (US) (12:30) MBA Mortgage Applications (US) (11:00) PMI Retail (EU) (09:00) PMI Retail (GER) (08:55) Unemployment Rate (GER) (08:55) Speech ECBs Constancio (EZ)(08:05) Speech ECB's Asmussen (EZ) (19:00) Q3 First Quantum Minerals Ltd., Hrvatske Telekom D.D GDR (Reg S), Ooredoo Q.S.C. GDR (Reg S), Volkswagen AG GMS Sula Iron & Gold IMSS Standard Life SPECIAL EX-DIVIDEND PAYMENT DATE Aberdeen Asian Smaller Companies Inv Trust, Fresnillo EGMS Emblaze Ltd., OJSC Megafon GDR (Reg S) AGMS Ashmore Group, Downing Absolute Income VCT 1, Downing Absolute Income VCT 1 'C' Shares , Greatland Gold, Hermes Pacific Investments TRADING ANNOUNCEMENTS Standard Life FINAL DIVIDEND PAYMENT DATE Alumasc Group, Haynes Publishing Group, Produce Investment FINAL EX-DIVIDEND DATE Aberdeen Asian Smaller Companies Inv Trust, AIREA, Avingtrans, BlackRock Greater Europe Inv Trust, El Oro Ltd, Go-Ahead Group, IndigoVision Group, Plexus Holdings, Ricardo, Sabien Technology Group Which fine wine had an ROI of over 300 per cent... Download your Complimentary Fine Wine Investment Guide.  Click Here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks rise before Fed policy decision - Fed announces policy decision - US jobs report - US and German CPI FTSE 100: 0.42% DAX: 0.23% CAC 40: 0.41% FTSE MIB: 0.40% IBEX 35: 0.21% Stoxx 600: 0.36% European equities advanced before the release of a US payrolls report and the Federal Reserve’s monetary policy announcement. In Germany, the CPI for October is tipped to remain unchanged at 1.4% year-on-year. Barclays gains after third quarter Barclays advanced after reporting a rise in statutory pre-tax profit in the third quarter. Luxottica jumped after the world's biggest premium eyewear maker said it was working on a new licence deal and expects to match an 8% third-quarter rise in net profit for the next three months. Statoil rallied after Norway's biggest energy company posted a 2% rise in third quarter profit as oil production increased. Other asset classes mixed The euro rose 0.02% to $1.3748. Brent crude futures fell $0.028 to 108.970. NEW Trading Strategy - Currently running at 70% success rate Earn a tax free income trading, from just 20 minutes a day – no experience needed.  Our powerful trading software will help you decide when to enter trades and how to maximise profits. Register for a FREE brochure and trading guide, Click Here.  US Market Report US close: Stocks grind higher heading into month-end - Weak economic data - Two-day FOMC meeting starts - Stocks keep grind higher into month-end Dow Jones Industrials: 0.71% Nasdaq Composite: 0.30% SP 500: 0.56% US stock benchmarks rose before the Federal Reserve policy announcement due on Wednesday evening despite another batch of weak economic figures. The Fed is expected to announce that it will maintain its $85bn in monthly asset purchases and keep the interest rate at 0.25% after the two-day meeting wraps. The market does not see the central bank tapering stimulus until March 2014 after a 16-day government shutdown earlier this month took at least $24bn out of the economy. Meanwhile, retail sales declined 0.1% last month compared to August, when it rose 0.2%. Economists expected the report to show that they remained little changed. "September’s retail sales figures suggest that consumption growth gained momentum at the end of the third quarter," said Capital Economics. "And the government shut-down is unlikely to have changed the picture too much at the start of the fourth quarter." Weak economic data The US Conference Board's consumer confidence gauge for the month of October has printed at 71.2, well below last month's reading of 80.2. The consensus estimate had been for reading of 75.0. The present situation index decreased to 70.7 from 73.5, Retail sales volumes dropped by 0.1 % cent month-on-month in September, to reach 402,624bn dollars, according to the most recent data from the US Census bureau. The consensus estimate was for an increase of 0.1%. US producer prices slipped by 0.1% month-on-month 0.3% year-on-year in September, according to the latest figures available from the Bureau of Labour Statistics Consensus: 0.2% . Data on Monday fuelled concern that growth in the world’s biggest economy eased in the weeks before the government shut-down. Factory output rose 0.1% in September after a revised 0.5% increase in August as the partial government shut-down halted manufacturing. Economists had forecast a 0.3% jump. Turning to the earnings session, Pfizer Inc. reported better than forecast adjusted third quarter earnings per share figures of 58 US cents, versus the 56 expected by analysts. Furthermore, the company raised the bottom-end of its full-year EPS guidance, to between $2.15 and $2.20, while at the same time modestly lowering its earnings expectations. The latest results out of the likes of Cummins and Lyondell Basell undershot expectations. By industry groups it was real estate service firms (4.58%) and Electronic office equipment (2.34%) companies which did best. Other asset classes react to weaker economic data West Texas crude oil futures ended the day down by 0.46% at $97.75/barrel. US 10-year bond yields are down by 3 basis points at 2.48%. S&P 500 - Risers Sears Holdings Corp. (SHLD) $62.09 +11.75% United States Steel Corp. (X) $25.47 +8.75% Pitney Bowes Inc. (PBI) $20.77 +7.95% Actavis plc (ACT) $154.27 +5.77% TripAdvisor Inc. (TRIP) $82.26 +5.75% Harris Corp. (HRS) $62.76 +5.66% Johnson Controls Inc. (JCI) $45.05 +5.21% Fidelity National Information Services Inc. (FIS) $49.27 +4.96% Micron Technology Inc. (MU) $17.50 +4.64% Netflix Inc. (NFLX) $327.30 +4.24% S&P 500 - Fallers MeadWestvaco Corp. (MWV) $35.13 -9.39% Plum Creek Timber Co. (PCL) $46.37 -6.57% Goodyear Tire & Rubber Co. (GT) $20.76 -5.85% Cummins Inc. (CMI) $127.90 -5.20% Edwards Lifesciences Corp. (EW) $69.86 -4.61% Seagate Technology Plc (STX) $48.25 -3.21% Jabil Circuit Inc. (JBL) $21.98 -3.04% Entergy Corp. (ETR) $66.06 -3.01% Electronic Arts Inc. (EA) $24.13 -2.82% PACCAR Inc. (PCAR) $56.63 -2.71% Dow Jones I.A - Risers International Business Machines Corp. (IBM) $182.12 +2.69% AT&T Inc. (T) $36.27 +1.97% Home Depot Inc. (HD) $77.50 +1.89% Pfizer Inc. (PFE) $31.25 +1.66% Procter & Gamble Co. (PG) $82.46 +1.43% Cisco Systems Inc. (CSCO) $22.83 +1.22% American Express Co. (AXP) $83.66 +1.09% Verizon Communications Inc. (VZ) $51.09 +1.03% Johnson & Johnson (JNJ) $93.14 +0.81% Exxon Mobil Corp. (XOM) $88.93 +0.79% Dow Jones I.A - Fallers Caterpillar Inc. (CAT) $84.07 -0.25% Boeing Co. (BA) $129.66 -0.17% Microsoft Corp. (MSFT) $35.52 -0.14% E.I. du Pont de Nemours and Co. (DD) $61.48 -0.13% Walt Disney Co. (DIS) $68.92 -0.12% Wal-Mart Stores Inc. (WMT) $77.06 -0.10% Nasdaq 100 - Risers Sears Holdings Corp. (SHLD) $62.09 +11.75% Micron Technology Inc. (MU) $17.50 +4.64% Netflix Inc. (NFLX) $327.30 +4.24% Analog Devices Inc. (ADI) $49.17 +3.56% Baidu Inc. (BIDU) $159.41 +3.43% Linear Technology Corp. (LLTC) $40.89 +2.82% eBay Inc. (EBAY) $53.34 +2.64% Yahoo! Inc. (YHOO) $33.17 +2.53% Broadcom Corp. (BRCM) $27.66 +2.31% Microchip Technology Inc. (MCHP) $40.29 +2.25% Nasdaq 100 - Fallers Activision Blizzard Inc. (ATVI) $16.59 -4.10% Seagate Technology Plc (STX) $48.25 -3.21% Randgold Resources Ltd. Ads (GOLD) $76.01 -2.78% PACCAR Inc. (PCAR) $56.63 -2.71% Apple Inc. (AAPL) $516.68 -2.49% Vertex Pharmaceuticals Inc. (VRTX) $76.09 -2.24% Liberty Global plc Series A (LBTYA) $79.71 -1.74% Facebook Inc. (FB) $49.40 -1.66% Regeneron Pharmaceuticals Inc. (REGN) $298.53 -1.46% Nuance Communications Inc. (NUAN) $16.04 -1.16% Magnetic FTSE Service Tired of Struggling Away Alone Trying to Make Trading Profits? Why Not Just Follow Me? I Aim to Make 1,000 Points For my Subscribers in The Next 12 Months. To join us click here Wednesday newspaper round-up Royal Mail, Barclays, UK energy The postal network is heading for an even more debilitating shutdown on Monday after 5,500 staff in the Post Office said that they were to follow 115,000 of their former co-workers at the Royal Mail out on strike. In what looks set to turn into a day of co-ordinated national industrial action, 32,000 members of the Fire Brigades Union are also planning to strike on Monday. The FBU is also striking on Friday. Tens of thousands of lecturers and further education non-academic staff are planning walkouts tomorrow, The Times writes. Barclays faces a demand to pay as much as $700m to a US hedge fund after losing a crucial appeal in a five-year legal battle that revives questions over the bank’s strategy during the financial crisis. In a judgement on Thursday, the New York supreme court of appeals overturned an earlier legal ruling in Barclays’ favour and found the bank liable for breach of contract over a vast credit derivatives transaction with Connecticut-based Black Diamond Capital, the Financial Times reports. The head of one of Britain’s biggest energy companies said the UK’s energy sector should be investigated by the competition authorities, acknowledging that the big six were “no longer trusted” by the British public. Tony Cocker, Chief Executive of Eon UK, was one of eight company bosses grilled during Tuesday’s marathon four-hour energy select committee hearing, called to address a wave of price rises that have fuelled a political row about the cost of living, the Financial Times reports. Thomson Reuters is to cut an additional 3,000 jobs in response to lower demand from banks for financial information. About 5% of the news and data provider’s workforce of 60,000 will go as part of the latest cost-saving measure. The brunt of the losses will be borne by the financial and risk division, which provides data and analysis to banks and other financial firms, according to The Times. Tata Steel is cutting almost 500 jobs in Scunthorpe, Cumbria and Teeside, blaming a slump in demand across the European construction industry and the cost of green levies. Announcing the cuts, the company and its biggest union called on the government to do more to support the steel sector by helping with exports and encouraging use of UK steel in building projects, The Guardian writes. Martin Wheatley, the head of the Financial Conduct Authority, will tell a conference that existing rules on how fund managers spend their clients’ cash are failing to bite effectively and are likely to be tightened. The broader system of fund management charges also lacks transparency and wider reform may be needed to impose discipline on the costs the £5.4tn sector passes on to clients, he will warn in a speech in London, The Financial Times says.   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

Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Tuesday, 29 October 2013 17:26:48 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Capital Spreads Straight talking from Capital Spreads Enjoy tight spreads, 3500+ financial markets to trade and superb client service. Losses can exceed deposits. Find out more. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: FTSE hits five-month high - FTSE hits five-month high - BP drives index higher after impressing with Q3 - Gold price drags miners lower techMARK 2,656.00 +0.58% FTSE 100 6,774.73 +0.73% FTSE 250 15,535.51 +0.69% The FTSE made strong gains throughout today's session, ending the day 49 points higher, driven by BP's performance and gains across the pond. That said, the gains were modest as US investors were still cautious ahead of the Federal Reserve's two-day policy meeting which will see it announce its decision on whether to alter its monetary policy. Data from the US showed that consumer confidence fell in October, although this was largely attributed to the shutdown of the government earlier this month. The Commerce Department revealed that September retail sales declined by 0.1%, driven by a fall in auto purchases. Furthermore, the producer price index also fell last month, dropping a seasonally adjusted 0.1%. Back on this side of the Atlantic, UK mortgage approvals have hit a high, totalling 66,735 in September - a level not seen since February 2008. The Bank of England also revealed that the effective interest rate on new mortgage lending dropped to a record low at 3.3% - the lowest level since records began in 2004. As energy firms today faced tough questioning from MPs, a damning report was released, calling for "greater fairness in terms of costs charged to energy consumers" and suggests bills could be £70 cheaper if competition between companies was increased. Will Straw, an associate director of IPPR, which issued the report, said: "The key question for the Big Six is why profits of 5-6% are acceptable in a competitive market. In 1998, as the market was liberalised, the regulator believed 1.5% was an adequate margin for energy suppliers. Profits in other sectors like supermarkets are as low as 2%." BP shines after Q3 update, Fresnillo hit by gold price BP shares were firmly in the top spot today following a positive quarterly update from the oil giant. The group has raised its dividend 5.6% to 9.5 cents a share after third quarter earnings fell less than expected. Profit adjusted for one-time items and inventory changes declined to $3.7bn from $5bn a year earlier, beating the $3.4bn forecast. Housebuilders were performing well after it was reported that the number of new mortgage approvals rose to 66,700 in September, up from 63,400 in the month before (consensus: 66,000). Precious metal miner Fresnillo fell into the bottom spot on the FTSE after the International Monetary Fund (IMF) released data showing that Russian gold reserves fell in September, something that hadn't happened for a year, pushing the gold price down. Tullow Oil declined after it revealed that the Wisting Alternative well, offshore Norway, had reached total depth and although oil shows had been encountered, the reservoir rock was of poor quality. As such, it will be plugged and abandoned. Close behind was Lloyds Banking Group, which swung to a pre-tax profit of £1.7bn in the first nine months of the year from a loss of £607m in the same period in 2012, but saw a £750m increase in its PPI bill, pushing shares firmly lower. Altogether, the company has paid £8bn in relation to PPI. Randgold Resources was retreating one day after shares rose strongly on reports of plans for further exploration in Cote d'Ivoire, also hit by the above IMF report. Temporary power group Aggreko retreated a day after it said it expected full year profits to be in line with market expectations despite the absence of a one-off lift from the London Olympics. It yesterday occupied the top spot on the FTSE. 40% Returns from unusual but proven industry Download our FREE Full Industry Review here. FTSE 100 - Risers BP (BP.) 477.50p +5.62% Persimmon (PSN) 1,255.00p +2.53% Admiral Group (ADM) 1,270.00p +2.42% Marks & Spencer Group (MKS) 485.60p +2.23% BT Group (BT.A) 369.40p +2.13% Antofagasta (ANTO) 888.50p +2.13% Associated British Foods (ABF) 2,196.00p +2.00% ARM Holdings (ARM) 991.00p +1.95% Capita (CPI) 988.50p +1.91% International Consolidated Airlines Group SA (CDI) (IAG) 352.00p +1.85% FTSE 100 - Fallers Fresnillo (FRES) 1,019.00p -2.21% Tullow Oil (TLW) 936.00p -2.19% Lloyds Banking Group (LLOY) 78.01p -2.02% Randgold Resources Ltd. (RRS) 4,762.00p -1.83% Aggreko (AGK) 1,584.00p -1.49% Shire Plc (SHP) 2,773.00p -1.46% Coca-Cola HBC AG (CDI) (CCH) 1,798.00p -1.37% Aberdeen Asset Management (ADN) 448.30p -1.28% Royal Bank of Scotland Group (RBS) 364.80p -1.00% Compass Group (CPG) 896.50p -0.77% FTSE 250 - Risers Ocado Group (OCDO) 430.50p +6.06% Barr (A.G.) (BAG) 528.00p +5.18% COLT Group SA (COLT) 126.00p +4.56% Bovis Homes Group (BVS) 790.00p +4.02% ITE Group (ITE) 319.00p +3.94% Redrow (RDW) 263.90p +3.57% Entertainment One Limited (ETO) 245.00p +3.55% Brown (N.) Group (BWNG) 527.50p +3.43% NMC Health (NMC) 367.00p +3.38% Workspace Group (WKP) 498.00p +3.34% FTSE 250 - Fallers Kenmare Resources (KMR) 21.10p -4.09% Hochschild Mining (HOC) 167.50p -3.79% Essar Energy (ESSR) 117.90p -2.80% Evraz (EVR) 122.60p -2.54% EnQuest (ENQ) 132.30p -2.43% International Personal Finance (IPF) 595.00p -2.06% Playtech (PTEC) 745.50p -1.97% BH Macro Ltd. EUR Shares (BHME) € 19.66 -1.95% Elementis (ELM) 262.60p -1.65% F&C Asset Management (FCAM) 103.30p -1.62% FTSE TechMARK - Risers Phoenix IT Group (PNX) 150.50p +3.79% Skyepharma (SKP) 95.50p +3.24% Vislink (VLK) 50.12p +2.82% Ricardo (RCDO) 601.50p +2.12% Promethean World (PRW) 19.50p +1.96% NCC Group (NCC) 161.75p +1.73% Ark Therapeutics Group (AKT) 0.36p +1.39% Kofax (KFX) 375.00p +1.35% Anite (AIE) 88.50p +1.14% Torotrak (TRK) 27.62p +0.91% FTSE TechMARK - Fallers Puricore (PURI) 47.00p -6.93% Wolfson Microelectronics (WLF) 142.50p -2.73% RM (RM.) 115.00p -2.13% Gresham Computing (GHT) 126.00p -1.56% Vectura Group (VEC) 111.75p -1.11% Consort Medical (CSRT) 881.50p -0.96% Optos (OPTS) 157.00p -0.79% Which fine wine had an ROI of over 300 per cent... Download your Complimentary Fine Wine Investment Guide.  Click Here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks rise as Fed begins policy meeting - Fed begins policy meeting - US retail sales fall - US consumer confidence slumps - Bank of Italy addresses nation's growth FTSE 100: 0.75% DAX: 0.44% CAC 40: 0.59% FTSE MIB: 2.27% IBEX 35: 1.34% Stoxx 600: 0.39% European stocks finished higher on Tuesday as the Federal Reserve started its two-day policy meeting. The Fed is expected to announce that it will maintain its $85bn in monthly asset purchases and keep the interest rate at 0.25% after the meeting wraps up tomorrow. The market does not see the central bank tapering stimulus until March 2014 after a 16-day government shutdown earlier this month took at least $24bn out of the economy. Meanwhile, retail sales declined 0.1% last month compared to August, when it rose 0.2%. Economists expected the report to show that they remained little changed. "September's retail sales figures suggest that consumption growth gained momentum at the end of the third quarter," said Capital Economics. "And the government shut-down is unlikely to have changed the picture too much at the start of the fourth quarter." US consumer confidence slumped in October by the most since August 2011 due to the government shutdown and debt ceiling negotiations. The index for consumer sentiment fell to 71.2 in October from a revised 80.2 last month. Economists had predicted a decline to 75. French Statistics Institute - INSEE's - business confidence gauge for the month of October has come in at 85.0, versus economists forecasts for a reading of 86.0 and last month's print of 85.0. Bank of Italy on nation's growth Bank of Italy Director General, Luigi Signorini, has said the central bank expects growth will be worse this year and next than the government predicted last month. Signorini said the central bank's July forecasts for gross domestic product (GDP) to drop 1.9% this year and expand 0.7% in 2014 have been confirmed by subsequent data. His remarks come after European Central Bank Executive Board member Joerg Asmussen said Italy will "critically determine the fate of the euro-area" and Fitch Ratings affirmed Italy's BBB+ rating with a negative outlook. Nokia, BP Nokia's shares rallied after the company reported that its third quarter loss narrowed thanks to job cuts and site closures. UBS slid as it said it probably won't be able to reach its profitability goal in 2015 after the Swiss regulator demanded the lender hold more capital for risks related to litigation. BP gained after raising its dividend 5.6% to 9.5 cents as it reported third quarter earnings. Deutsche Bank declined after reporting a fall in net income in the three months through September, missing analysts' estimates. It registered a 94% drop in third quarter income. Standard Chartered slumped after saying third-quarter revenue dropped due to weakness in its corporate-banking business. Europe's largest tiremaker Michelin & Cie fell as sales in the third quarter dropped, falling short of analysts' forecasts. Other asset classes slide The euro fell 0.26% to $1.3749. Brent crude futures dropped $0.772 to $108.770 per barrel on the ICE. NEW Trading Strategy - Currently running at 70% success rate Earn a tax free income trading, from just 20 minutes a day – no experience needed.  Our powerful trading software will help you decide when to enter trades and how to maximise profits. Register for a FREE brochure and trading guide, Click Here.  US Market Report US open: Stocks rise as Federal Reserve begins meeting US stock futures rose before the Federal Reserve kicked off its policy meeting and as retail sales fell unexpectedly. The Fed is expected to announce that it will maintain its $85bn in monthly asset purchases and keep the interest rate at 0.25% after the two-day meeting wraps up tomorrow. The market does not see the central bank tapering stimulus until March 2014 after a 16-day government shutdown earlier this month took at least $24bn out of the economy. Meanwhile, retail sales declined 0.1% last month compared to August, when it rose 0.2%. Economists expected the report to show that they remained little changed. "September’s retail sales figures suggest that consumption growth gained momentum at the end of the third quarter," said Capital Economics. "And the government shut-down is unlikely to have changed the picture too much at the start of the fourth quarter." Later today a report on US consumer confidence will be released. The index for consumer sentiment will drop to 75 in October from 79.7 in September, economists forecast. Data yesterday fuelled concern that growth in the world’s biggest economy eased in the weeks before the government shut-down. Factory output rose 0.1% in September after a revised 0.5% increase in August as the partial government shut-down halted manufacturing. Economists had forecast a 0.3% jump. Turning to the earnings session, Pfizer Inc. reported better than forecast adjusted third quarter earnings per share (EPS) figures of 58 US cents, versus the 56 expected by analysts. Furthermore, the company raised the bottom-end of its full-year EPS guidance, to between $2.15 and $2.20, while at the same time modestly lowering its earnings expectations. The latest results out of the likes of Cummins and Lyondell Basell undershot expectations. Magnetic FTSE Service Tired of Struggling Away Alone Trying to Make Trading Profits? Why Not Just Follow Me? I Aim to Make 1,000 Points For my Subscribers in The Next 12 Months. To join us click here Broker Tips Broker tips: Coca Cola Hellenic, BP, Regus Analysts at Nomura have downgraded their recommendation for shares of Coca Cola Hellenic as they believe that the positive technical impact of the company's inclusion in the FTSE indices has likely run its course. They now think the stock is more likely to trade in-line with fundamentals. In that regard, they highlight how Street expectations for a recovery in earnings "look high" and they now see risk of a de-rating. Thus, their current target of 1,500p now offers 17% downside to the share price. More specifically, they see a slower growth outlook for global beer over the medium-term and a slower volume growth trajectory for the company versus the good years (2004-2008). Nomura is also below market consensus when it comes to operating (EBIT) margins. Lastly, they add that on their estimated forward price-to-earnings multiple of 23.9 the firm's shares look expensive, given negative earnings and de-rating risk; hence their decision to cut their rating to reduce from neutral. Longer-term Coca Cola Hellenic holds a number of attractions, including strong market shares in key territories, a balanced portfolio mix (circa 70% sparkling, circa 30% still) and an opportunity for per capita consumption to rise as the macroeconomic environment improves. Regus seems to have a lot going for it, with its expansion plans running ahead of targets, the profitability at its new centres coming in ahead of its own hurdles and with management maintaining a tight control on overheads, such that its financial headroom was extended in the quarter. Nevertheless, Investec said, the greater than previously projected additions to its new centres, of between 420 and 400 instead of 350, will clearly have an impact on forecasts. Moreover, Investec has moved its estimated 2013 profit before tax (PBT) forecast to £83m from £99m, for a 16% decrease. Similarly, its projection for fiscal year 2014 stands at £133.5m, instead of £145m as up till now. Fiscal year 2015 PBT forecasts, on the other hand, have moved up to £188m from £183m. So as to reflect the additional capital investment, the net debt position moves to £80m (prev: £18m), although that is still very comfortable in terms of available headroom, the broker added. Thus, while Investec believes that "near term returns will be diluted by the increase in New Centre openings", the ability to go beyond peak earnings now looks more realistic, it went on to explain. However, the company's shares have had a strong run, hence the broker's decision to downgrade the stock to add from buy, albeit while maintaining its PE-based price target unchanged at 205p. Investec has reiterated a 'hold' rating on BP's shares after the oil-company reported its third quarter results. BP has raised its dividend 5.6% to 9.5 cents a share as earnings in the third quarter fell less than expected. Profit adjusted for one-time items and inventory changes declined to $3.7bn from $5bn a year earlier, beating the $3.4bn forecast. The company said it will sell a further $10bn of assets by the end of 2015 and give most of the proceeds to shareholders, favouring buybacks. BP has already sold $38bn of assets to pay for the Gulf of Mexico oil spill of 2010. "The stockmarket doesn't want the oil majors to spend money. Instead, investors want their cash back," according to Investec analyst Neill Morton. "And BP has obliged this morning, with an increase in the dividend, a new $10bn disposal programme (with proceeds going to share buybacks) and indicated flat capex in 2014. The bull case for 2014 is that operational gearing could surprise on the upside. The downside is that this could yet be overshadowed by the Macondo legal fallout. Hold retained."   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

Morning Euro Markets Bulletin

ADVFN III Morning Euro Markets Bulletin Daily world financial news Tuesday, 29 October 2013 09:34:57 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Capital Spreads Straight talking from Capital Spreads Enjoy tight spreads, 3500+ financial markets to trade and superb client service. Losses can exceed deposits. Find out more. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: FTSE driven higher by BP - FTSE opens higher than expected - Gains driven by BP after strong quarter - Insurance firms also provide a boost techMARK 2,645.08 +0.16% FTSE 100 6,758.68 +0.49% FTSE 250 15,458.32 +0.19% The FTSE 100 has so far made decent gains this morning, beating expectations of a flat start ahead of the release of important US and UK data, as BP helped drive oil stocks higher. Also providing a lift were insurance firms, particularly Admiral, after the St Jude storm appears to have caused less damage that had been feared. The UK's six biggest energy providers will today stand before a group of MPs to face criticism over recent price rises. Today's data releases includes mortgage approvals and consumer credit, as well as M4 money supply and sterling lending. Germany's consumer confidence figures will also be unveiled. GfK's forward-looking consumer sentiment indicator is pegged to climb to 7.2 in November from 7.1 the prior month. Strong focus on US data and Fed meeting Both retail sales and consumer confidence figures in the US will be released later today, with the former expected to remain little changed, while the latter is tipped to fall in October. The index for consumer sentiment will drop to 75 this month from 79.7 in September, economists forecast. Later on the Fed will kick off its two-day policy meeting and will announce its decision on whether to alter its monetary policy a day later. "Ever since the September meeting, investors have been left guessing when the Fed will first taper, with most guesses ranging from December to March," Craig Erlam, Market Analyst at Alpari, pointed out. "Unlike earlier this year, the Fed hasn't given clear guidance about when this will now happen and may use tomorrow's statement to provide it." BP in top spot after divi boost BP has raised its dividend 5.6% to 9.5 cents a share after third quarter earnings fell less than expected. Profit adjusted for one-time items and inventory changes declined to $3.7bn from $5bn a year earlier, beating $3.4bn forecast. Wood Group rose on the news it has secured a two-year contract extension from Shell UK to deliver integrated services to two gas plants in Scotland, continuing a previous contract awarded in 2007. The deal is the eighth North Sea contract extension awarded to the group in the past year. Meanwhile, leading the downside was Lloyds Banking Group, which swung to a pre-tax profit of £1.7bn in the first nine months of the year from a loss of £607m in the same period in 2012, but saw a £750m increase in its PPI bill, prompting shares firmly lower. Altogether, the company has paid £8bn in relation to PPI. Standard Chartered was also lower after it revealed it had cut around 2,000 jobs this year, with the trend set to continue. The firm reported a slight increase in operating profit for the year to date due to tight cost controls. In a trading update for the nine months ended September 30th, the financial services company said it delivered a resilient performance despite an uncertain macro environment. ITV shares were hit by a downgrade from Berenberg, which reduced its rating on the stock from 'hold' to 'sell', although increased its target from 91p to 155p. On the FTSE 250, transport group Stagecoach revealed trading had worsened in UK rail but improved in the US Megabus unit in the first 24 weeks of the year. Ahead of a meeting with analysts and on the day the East Coast franchise prospectus is released, the group said trading remained "satisfactory" and that there was "no significant change" to expected annual earnings. 40% Returns from unusual but proven industry Download our FREE Full Industry Review here. FTSE 100 - Risers BP (BP.) 474.15p +4.88% Admiral Group (ADM) 1,259.00p +1.53% GlaxoSmithKline (GSK) 1,644.50p +1.23% Royal Dutch Shell 'A' (RDSA) 2,162.50p +1.19% Royal Dutch Shell 'B' (RDSB) 2,265.50p +1.14% Persimmon (PSN) 1,238.00p +1.14% HSBC Holdings (HSBA) 689.90p +1.02% BAE Systems (BA.) 452.20p +1.01% Prudential (PRU) 1,275.00p +0.95% Petrofac Ltd. (PFC) 1,487.00p +0.95% FTSE 100 - Fallers Royal Bank of Scotland Group (RBS) 360.00p -2.31% Lloyds Banking Group (LLOY) 77.89p -2.17% Randgold Resources Ltd. (RRS) 4,766.00p -1.75% Coca-Cola HBC AG (CDI) (CCH) 1,796.00p -1.48% ARM Holdings (ARM) 958.50p -1.39% ITV (ITV) 189.40p -1.30% Standard Chartered (STAN) 1,514.50p -1.27% Aberdeen Asset Management (ADN) 448.50p -1.23% Tullow Oil (TLW) 949.50p -0.78% Fresnillo (FRES) 1,034.00p -0.77% FTSE 250 - Risers Barr (A.G.) (BAG) 523.00p +4.18% COLT Group SA (COLT) 125.30p +3.98% Thomas Cook Group (TCG) 141.60p +3.43% Bovis Homes Group (BVS) 780.00p +2.70% Petra Diamonds Ltd.(DI) (PDL) 115.70p +1.85% Centamin (DI) (CEY) 51.85p +1.67% Redrow (RDW) 259.00p +1.65% Chemring Group (CHG) 222.30p +1.51% Barratt Developments (BDEV) 336.80p +1.35% Telecom Plus (TEP) 1,562.00p +1.30% FTSE 250 - Fallers Regus (RGU) 196.50p -4.05% Domino Printing Sciences (DNO) 679.00p -2.02% Kenmare Resources (KMR) 21.58p -1.91% F&C Asset Management (FCAM) 103.10p -1.81% Hochschild Mining (HOC) 171.30p -1.61% PayPoint (PAY) 1,025.00p -1.44% AZ Electronic Materials SA (DI) (AZEM) 278.90p -1.10% Brown (N.) Group (BWNG) 504.50p -1.08% Provident Financial (PFG) 1,593.00p -1.06% Supergroup (SGP) 1,168.00p -1.02% FTSE TechMARK - Risers SDL (SDL) 258.25p +1.27% Ricardo (RCDO) 595.00p +1.02% Anite (AIE) 88.25p +0.86% RM (RM.) 118.00p +0.43% IShares Euro Gov Bond 7-10YR UCITS ETF (IEGM) € 178.82 +0.11% FTSE TechMARK - Fallers Consort Medical (CSRT) 880.00p -1.12% Wolfson Microelectronics (WLF) 145.00p -1.02% Vectura Group (VEC) 112.00p -0.89% E2V Technologies (E2V) 143.00p -0.69% Sepura (SEPU) 146.50p -0.34% UK Event Calendar Tuesday October 29 INTERIMS Braemar Shipping Services INTERIM DIVIDEND PAYMENT DATE Smith & Nephew, Standard Life INTERNATIONAL ECONOMIC ANNOUNCEMENTS Consumer Confidence (US) (14:00) GFK Consumer Confidence (GER) (07:00) Producer Price Index (US) (12:30) Retail sales (US) (12:30) S&P Case Shiller 2-city HPI (US) (13:00) Q3 BP, Wolfson Microelectronics FINALS Redefine International EGMS Air China Ltd., Datang International Power Generation Co Ltd. AGMS Clinigen Group, eXpansys, Ideagen, In-Deed Online, Indus Gas Ltd., Pacific Horizon Inv Trust, ViaLogy UK ECONOMIC ANNOUNCEMENTS Consumer Credit (09:30) M4 Money Supply (09:30) M4 Sterling Lending (09:30) Mortgage Approvals (09:30) FINAL DIVIDEND PAYMENT DATE Anite Which fine wine had an ROI of over 300 per cent... Download your Complimentary Fine Wine Investment Guide.  Click Here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks rise ahead of Federal Reserve meeting - Fed begins policy meeting - US and German consumer confidencedata out - US retail sales report ahead this afternoon FTSE 100: 0.37% DAX: 0.04% CAC 40: 0.27% FTSE MIB: 0.65% IBEX 35: 0.30% Stoxx 600: 0.09% European stocks opened higher before the Federal Reserve kicked off its two-day policy meeting. The Fed is expected to announce that it will maintain its $85bn in monthly asset purchases and keep the interest rate at 0.25% after the meeting wraps up tomorrow. Most economists predict the central bank will hold off on tapering stimulus until March 2014. "Ever since the September meeting, investors have been left guessing when the Fed will first taper, with most guesses ranging from December to March," Craig Erlam, Market Analyst at Alpari UK, pointed out. "Unlike earlier this year, the Fed hasn't given clear guidance about when this will now happen and may use tomorrow's statement to provide it." Acting as a backdrop is the release of US retail sales and consumer confidence figures today. US advanced retail sales for September are expected to remain little changed, according to consensus. Consumer confidence in the world's biggest economy, however, is tipped to fall in October. The index for consumer sentiment will drop to 75 this month from 79.7 in September, economists forecast. Germany's consumer confidence figures will also be unveiled. GfK's forward-looking consumer sentiment indicator is pegged to climb to 7.2 in November from 7.1 the prior month. French Statistics Institute - INSEE's - business confidence gauge for the month of October has come in at 85.0, versus economists forecasts for a reading of 86.0 and last month's print of 85.0. Standard Chartered, Deutsche Bank Standard Chartered slumped after saying third-quarter revenue dropped due to weakness in its corporate-banking business. Deutsche Bank declined after reporting a fall in net income in the three months through September, missing analysts' estimates. It registered a 94% drop in third quarter income. UBS slid as it said it probably won't be able to reach its profitability goal in 2015 after the Swiss regulator demanded the lender hold more capital for risks related to litigation. Europe's largest tiremaker Michelin & Cie fell as sales in the third quarter dropped, falling short of analysts' forecasts. Other asset classes fall The euro was down 0.07% to $1.3776. Brent crude futures dipped $0.238 to $109.350 per barrel on the ICE. NEW Trading Strategy - Currently running at 70% success rate Earn a tax free income trading, from just 20 minutes a day – no experience needed.  Our powerful trading software will help you decide when to enter trades and how to maximise profits. Register for a FREE brochure and trading guide, Click Here.  US Market Report US close: Apple shares dip after the close - Apple falls 1.22 per cent after close on lower margin forecasts - Philip Morris to price benchmark debt offering - $32bn two-year debt auction well received Dow Jones Industrials: -0.01% Nasdaq Composite: -0.09% SP 500: 0.13% A weaker-than-expected report on US factory production sent stocks in the world's biggest economy falling at the start on Monday, but they more or less managed to stage a comeback by the end of the session. That came on the back of the media hype which always precedes quarterly results out of Apple and Wednesday's US Federal Reserve policy meeting outcome. In the event Apple once again managed to beat analysts' forecasts, but its 37% gross margin forecast for the current quarter was lower than last year's 38.6%. Factory output rose 0.1% in September after a revised 0.5% increase in August as the partial government shut-down halted manufacturing. Economists had forecast a 0.3% jump. Total industrial production advanced 0.6% in September after a 0.4% gain a month earlier as higher temperatures drove up electricity use. The consensus estimate was for a gain of 0.4%. "September's US industrial production figures aren't as good as they look, but at least they suggest that the economy had some momentum ahead of October's government shut-down," according to Capital Economics. "Of course, October's figures are likely to be weak as the government shut-down probably reduced activity for some private producers. But beyond that, we expect a steady, albeit unspectacular, improvement in industrial production." Also weighing on sentiment initially was a surprise 5.6% month-on-month drop in the NAR's pending home sales index for September. An unchanged reading had been expected. Ironically, both data points only fed expectations that the US central bank was on hold for the foreseeable future. Economists expect the Fed will maintain its monthly $85bn stimulus programme and hold interest rates at 0.25%. A tapering of quantitative easing is not expected now until March 2014. "Usually, the prospect of Fed tapering is enough to move investors to the sidelines," said Craig Erlam, Market Analyst at Alpari UK. "However, on this occasion that has so far not been the case, which clearly highlights the fact that investors do not see this as a likely outcome on Wednesday." In company news, Tribune Co's shares rose following a Reuters report that said the media firm was launching a $4.1bn credit via a lender meeting on Thursday. JP Morgan will help lead the new credit, which backs Tribune's acquisition of Local TV and refinances existing Tribune debt. Merck & Co Inc slumped after reporting better-than-expected third-quarter earnings due to cost cuts but lower sales of its Januvia diabetes treatment. From a sector standpoint the best performance is now to be seen in the following industrial groups: Aluminum (2.83%), non-durable household goods (2.05%) and delivery services (1.95%). From a sector standpoint the best performance was put in by the following industrial groups: Aluminum (3.23%), Delivery services (1.55%) and Personal products (1.54%). Small rise in West Texas crude futures The 10-year government yield was little changed at the end of trading, at 2.52%. Front month West Texas crude futures fell by 23 cents to the $98.45/barrel mark on the NYMEX. S&P 500 - Risers J.C. Penney Co. Inc. (JCP) $7.39 +8.84% Bristol-Myers Squibb (BMY) $52.02 +6.66% CF Industries Holdings Inc. (CF) $218.36 +4.17% International Game Technology (IGT) $19.38 +3.75% Alcoa Inc. (AA) $9.56 +3.46% Teradata Corp. (TDC) $45.89 +3.19% Hershey Foods Corp. (HSY) $100.14 +3.12% Diamond Offshore Drilling Inc. (DO) $63.01 +2.84% T. Rowe Price Group Inc. (TROW) $77.78 +2.68% Cognizant Technology Solutions Corp. (CTSH) $88.84 +2.49% S&P 500 - Fallers Roper Industries Inc. (ROP) $124.26 -6.60% Edwards Lifesciences Corp. (EW) $73.24 -4.96% Netflix Inc. (NFLX) $314.00 -4.28% Merck & Co. Inc. (MRK) $45.35 -2.56% First Solar Inc. (FSLR) $51.48 -2.50% Charles Schwab Corp. (SCHW) $23.01 -2.33% Cliffs Natural Resources Inc. (CLF) $24.42 -2.28% Garmin Ltd. (GRMN) $47.80 -2.25% Eastman Chemical Co. (EMN) $76.26 -2.16% NRG Energy Inc. (NRG) $29.48 -2.09% Dow Jones I.A - Risers Procter & Gamble Co. (PG) $81.30 +1.62% Coca-Cola Co. (KO) $39.61 +1.49% Wal-Mart Stores Inc. (WMT) $77.14 +1.39% AT&T Inc. (T) $35.57 +1.08% General Electric Co. (GE) $26.09 +0.81% McDonald's Corp. (MCD) $95.37 +0.62% Travelers Company Inc. (TRV) $87.11 +0.55% Intel Corp. (INTC) $24.36 +0.52% Pfizer Inc. (PFE) $30.74 +0.42% Cisco Systems Inc. (CSCO) $22.55 +0.42% Dow Jones I.A - Fallers Merck & Co. Inc. (MRK) $45.35 -2.56% United Technologies Corp. (UTX) $105.99 -1.42% Boeing Co. (BA) $129.88 -1.00% Caterpillar Inc. (CAT) $84.28 -0.58% E.I. du Pont de Nemours and Co. (DD) $61.56 -0.55% Microsoft Corp. (MSFT) $35.57 -0.45% Goldman Sachs Group Inc. (GS) $161.45 -0.39% Walt Disney Co. (DIS) $69.00 -0.38% Verizon Communications Inc. (VZ) $50.57 -0.28% Nike Inc. (NKE) $75.51 -0.25% Nasdaq 100 - Risers Cognizant Technology Solutions Corp. (CTSH) $88.84 +2.49% Broadcom Corp. (BRCM) $27.03 +2.37% Texas Instruments Inc (TXN) $41.01 +1.94% F5 Networks Inc. (FFIV) $84.28 +1.90% Randgold Resources Ltd. Ads (GOLD) $78.18 +1.89% Linear Technology Corp. (LLTC) $39.77 +1.79% Intuitive Surgical Inc. (ISRG) $375.60 +1.75% Sandisk Corp. (SNDK) $70.22 +1.74% Amgen Inc. (AMGN) $118.33 +1.73% Express Scripts Holding Co (ESRX) $61.91 +1.69% Nasdaq 100 - Fallers Netflix Inc. (NFLX) $314.00 -4.28% Tesla Motors Inc (TSLA) $162.86 -4.01% Facebook Inc. (FB) $50.23 -3.31% Baidu Inc. (BIDU) $154.12 -3.29% Garmin Ltd. (GRMN) $47.80 -2.25% Maxim Integrated Products Inc. (MXIM) $29.55 -1.83% O'Reilly Automotive Inc. (ORLY) $123.71 -1.71% Starbucks Corp. (SBUX) $78.71 -1.56% Equinix Inc. (EQIX) $168.94 -1.52% Charter Communications Inc. (CHTR) $136.54 -1.47% Magnetic FTSE Service Tired of Struggling Away Alone Trying to Make Trading Profits? Why Not Just Follow Me? I Aim to Make 1,000 Points For my Subscribers in The Next 12 Months. To join us click here Newspaper Round Up Tuesday newspaper round-up: China, G4S, British businesses China's central bank has allayed fears of a cash crush by injecting money into the financial system for the first time in two weeks, but it has also steered interest rates to a higher level in a signal of mild monetary tightening. The People's Bank of China added Rmb13bn (2.1bn dollars) to the economy via open-market operations on Tuesday, having refrained from any liquidity injections since mid-October. It was a small amount, but was still seen as a clear indication that the central bank does not want a replay of the liquidity squeeze that rattled global markets in late June, according to the Financial Times. Ashley Almanza, the Chief Executive of G4S, is expected to resist any break-up of the world's biggest security company even as it tries to fight off further reputational damage over a South African prison and a failed £1.6bn bid for its cash solutions business. On Monday the company faced fresh allegations after the South African government said it was looking into claims that G4S staff at the Mangaung Correctional Centre south of Bloemfontein used punishments including electric shocks and forced injections to control inmates, the Financial Times reports. British businesses are recovering their confidence as shoppers and restaurant diners open their wallets to help drive the economic recovery. According to the latest Red Flag Alert research from business rescue and recovery firm Begbies Traynor financial distress among UK businesses is continuing to fall sustained by burgeoning consumer spending. It said that across all business sectors those firms experiencing "critical" financial problems reduced 2% from 3,001 in the second quarter of 2013 to 2,951 in the third quarter, the Daily Express writes. Britain will be the first country in the Western world to sell government debt that complies with the rules of Sharia, David Cameron will announce today. Speaking at a conference in London aimed at raising billions of pounds in trade with Muslim countries, the Prime Minister will reveal that the Treasury is working on plans to sell an Islamic bond worth 200m pounds. This would enable Sharia-compliant investors to buy gilts to fund government spending for the first time, The Times reports. House prices jumped almost £2,500 in September as the property market continued to regain its feet, Land Registry figures have shown. It reported a house prices in England and Wales rose 1.5% over the month, in further evidence that a fresh burst of confidence is taking hold of home buyers and sellers. But while there are fears of a new bubble being blown, property transactions remain a third down on the level seen in 2007 before the financial crisis hit and prices are up by only 3.4% annually, The Daily Mail writes. There is no snub, apparently. The Commons energy and climate change committee has summoned the big six energy companies to give evidence on Tuesday. The committee did not name individuals in its requests for representatives to give evidence. Only one is sending the top boss. The rest are sending divisional heads. The topic – energy prices – is an important one and the hearing has been sparked by the recent hikes, which will hit consumers hard at a time of heated political debate about how to rein in the big six, The Guardian says. Private jets operator Hangar8 has boosted its fleet of air ambulance aircraft in Africa on hopes of soaring demand from ex-pats, tourists and foreign investors. It is adding a new Bombardier Challenger to its African Aero Medical arm, which has seen revenues lift off by 300% in the last six months. It estimates that there are only 24 dedicated air ambulance aircraft in the continent. They carry out 15,000 aero medical evacuations a year, costing over £300m and accounting for 40% of the global total, the Daily Express says.   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