Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Thursday, 29 January 2015 10:11:15 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan Share Tips of the Year 2015 Discover the shares that look set to soar this year. Click here for your FREE report. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Shell leads oil stocks lower as markets react to Fed Heavy falls from Shell and other blue chips in the oil sector weighed heavily on UK stock markets on Thursday, as investors reacted to another plunge in crude prices and the Federal Reserve's outlook for interest rates. Shell said it would be cutting $15bn of potential spending over the next three years as its fourth-quarter results missed forecasts. Meanwhile, oil prices were trading near their lowest in nearly six years. London's FTSE 100 was down 0.8% at 6,773 early on, tracking late declines on Wall Street after a policy announcement from the Federal Open Market Committee (FOMC). The Fed painted an improved picture of the economy, changing its language about recent job gains from "solid" to "strong", and adjusting its view of the recovery from "moderate" to "solid". However, it said it would still "be patient in beginning to normalise the stance of monetary policy" and highlighted that it was watching global economic developments. The language was widely interpreted to mean that policymakers won't begin to hike rates from near-zero for at least another two FOMC meetings. Analysts at Danske Bank said the statement "raises the likelihood of a later hike than we currently anticipate (June 2015)". Brent crude was down 0.1% at $48.41 a barrel, extending losses after a sharp drop on Wednesday after US government data showed that crude inventories in the States rose by 8.87m barrels to 406.7m last week, the highest since the early 1980s. Shell curtails spending after weak Q4 Oil major Shell said it is looking to reduce costs and lower investment in 2015 in response to the collapse in crude prices, as it curtailed over $15bn of potential spending over the next three years. The comments came as the firm reported adjusted annual profit growth of 12% in the fourth quarter to $3.3bn, well below the consensus forecast of $4.2bn. Shell's shares were down over 3% early on, dragging others in the sector lower such as BP, BG Group, Tullow Oil, Afren and Soco International. News of a cut in spending by one of the biggest oil groups in the world was also weighing on stocks in the energy services and equipment sectors, such as Weir Group, Petrofac, Wood Group and Hunting. Banking stocks were also under pressure in London, with RBS, HSBC, Barclays, Lloyds and Standard Chartered all trading firmly in the red. Royal Mail declines after revealing that its chairman Donald Brydon will step down later this year. 25% rise in capital from day 1 Earn passive income with this fantastic UK based car park investment opportunity. Over 6 years a single unit is projected to generate £12,000 net income Click here to find out more Market Movers techMARK 3,073.24 -0.34% FTSE 100 6,772.57 -0.78% FTSE 250 16,322.76 -0.63% FTSE 100 - Risers easyJet (EZJ) 1,807.00p +2.26% Experian (EXPN) 1,203.00p +1.60% Diageo (DGE) 1,986.50p +1.25% Unilever (ULVR) 2,933.00p +1.24% Rolls-Royce Holdings (RR.) 888.00p +0.62% Imperial Tobacco Group (IMT) 3,108.00p +0.36% Smith & Nephew (SN.) 1,195.00p +0.34% Rio Tinto (RIO) 2,901.50p +0.24% Centrica (CNA) 288.30p +0.24% Aggreko (AGK) 1,534.00p +0.20% FTSE 100 - Fallers Weir Group (WEIR) 1,607.00p -4.17% Royal Dutch Shell 'B' (RDSB) 2,178.50p -3.09% Royal Dutch Shell 'A' (RDSA) 2,087.00p -3.09% BP (BP.) 420.40p -2.90% BG Group (BG.) 875.00p -2.54% Standard Chartered (STAN) 884.80p -2.23% Dixons Carphone (DC.) 419.50p -2.21% Randgold Resources Ltd. (RRS) 5,470.00p -2.06% Royal Bank of Scotland Group (RBS) 367.60p -1.95% 3i Group (III) 455.50p -1.85% FTSE 250 - Risers Jimmy Choo (CHOO) 177.20p +3.02% IP Group (IPO) 230.70p +2.08% Henderson Group (HGG) 240.00p +1.82% Nostrum Oil & Gas (NOG) 570.00p +1.79% De La Rue (DLAR) 520.50p +1.76% Infinis Energy (INFI) 190.00p +1.60% Synthomer (SYNT) 247.70p +1.18% Brit (BRIT) 260.90p +1.12% Card Factory (CARD) 270.00p +1.12% Ophir Energy (OPHR) 127.20p +1.03% FTSE 250 - Fallers Afren (AFR) 4.03p -14.26% Centamin (DI) (CEY) 65.45p -4.80% Kaz Minerals (KAZ) 185.10p -3.64% Soco International (SIA) 269.90p -3.61% Vedanta Resources (VED) 377.90p -3.00% Amec Foster Wheeler (AMFW) 808.00p -2.94% Euromoney Institutional Investor (ERM) 1,047.00p -2.88% Hunting (HTG) 402.90p -2.85% Evraz (EVR) 172.60p -2.82% UK Event Calendar Thursday 29 January INTERIMS Angle, CPL Resources, Filtronic, Hansard Global, Haynes Publishing Group, Kofax Limited (DI), Rank Group, Renishaw INTERIM DIVIDEND PAYMENT DATE Dairy Crest Group INTERIM EX-DIVIDEND DATE Anite, Blackstone/GSO Loan Financing Limited, Conviviality Retail , Downing One VCT , Fair Oaks Income Fund Limited , IG Group Holdings, NCC Group, Pennon Group, Puma High Income VCT , Puma Vct 8, Puma VCT 9, Puma Vct VII, red24, Zibao Metals Recycling Holdings QUARTERLY EX-DIVIDEND DATE Merchants Trust INTERNATIONAL ECONOMIC ANNOUNCEMENTS Business Climate Indicator (EU) (10:00) Continuing Claims (US) (13:30) Economic Sentiment Indicator (EU) (10:00) Initial Jobless Claims (US) (13:30) M3 Money Supply (EU) (09:00) Pending Homes Sales (US) (15:00) Q2 Kofax Limited (DI) Q4 Royal Dutch Shell 'A', Samsung Electronics Co Ltd (ATT) GDR (Reg S) FINALS Kcell Joint Stock Co GDR (Reg S), Royal Dutch Shell 'A', Skandinaviska Enskilda Banken IMSS Euromoney Institutional Investor, Great Portland Estates, PayPoint AGMS Baobab Resources, Boxhill Technologies , easyHotel, Edinburgh Worldwide Inv Trust, Euromoney Institutional Investor, ITE Group, JPMorgan Indian Investment Trust, Lonmin, Mitchells & Butlers, MXC Capital, Premier African Minerals Ltd, Redefine International UK ECONOMIC ANNOUNCEMENTS CBI Distributive Trades Surveys (11:00) FINAL DIVIDEND PAYMENT DATE WH Smith FINAL EX-DIVIDEND DATE Blackrock Frontiers Investment Trust, Cardiff Property, Fenner, Renew Holdings, RWS Holdings, Titon Holdings, Tracsis The UK Defensive Autocall (SG17) You could get a gross return of 7.5% per year, even if the FTSE 100 falls by 30% in 6 years. Capital is at risk. Find out how, click here. Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks slide on oil majors' results European stocks declined as a slew of energy companies fell on weak financial results. Royal Dutch Shell slumped as it said it will cut spending after reporting worse-than-forecast fourth-quarter profit. Vallourec SA edged lower after saying it will write down the value of assets by as much as €1.2bn. Repsol SA dropped after ending its buyback programme. Oil prices have fallen by almost 60% since June due in part to the boom in US shale production. Brent crude rose 0.14% to $48.54 per barrel in morning trade, according to the ICE. German unemployment German unemployment fell 9,000 in January, less than the 10,000 drop that was predicted. The jobless rate fell to 6.5% in January however, down from the 6.6% revised figure for December. Separately, a report on German consumer prices at 13:00 GMT is forecast to reveal a 0.1% drop in January after a 0.2% gain in December. The figures come amid concerns about the risk of deflation in the euro-area. The European Central Bank this month announced a major quantitative easing programme to help move inflation closer to its target of just below 2%. Another release is expected to show the Eurozone consumer confidence index fell slightly to 101.6 in January from 1007 in December. In other euro-news, the Italian parliament will begin voting for a new head of state on Thursday. The election of a new president to replace 89-year-old Giorgio Napolitano, who resigned this month, will begin at 2pm GMT. The euro rose 0.10% to $1.1298. Later on, the US sees the release of reports on initial jobless claims and pending home sales. The Federal Reserve last night decided to keep interest rates unchanged at 0.25%, saying it would not raise borrowing costs any earlier than June. In corporate news, Nokia Oyj slipped after saying that profitability is likely to fall this quarter. Swissquote offers CFD Trading, an efficient mean of trading indices, commodities and currencies. You can trade on the market whether you think it will go UP or Down! Think the DAX will go Down? Short the DAX… Try CFD Trading with a Free Practice Account losses can exceed your deposit. US Market Report US close: Markets decline after Fed statement as oil prices sink US stocks slid on Wednesday, after the Federal Reserve's policy-making committee reiterated it plans to remain patient and watch the data as it decides when to raise interest rates. The Dow Jones Industrial Average closed 195.84 points down at 17,191.37, while the S&P 500 and the Nasdaq ended the session down 1.35% and 0.93% respectively. As expected, the Fed maintained its stance on the interest rates, saying it "can be patient in beginning to normalise the stance of monetary policy". That language is widely interpreted as meaning that the Fed won't begin to hike rates from near-zero for at least another two Federal Open Market Committee meetings. "The bigger picture is still that stronger economic growth and lower unemployment will eventually put more upward pressure on prices and wages," analysts at Capital Economics said in a note. "Accordingly, we still expect a June lift-off, with the fed funds rate reaching a target of between 1.00% and 1.25% by end-2015 and 2.75% to 3.00% by end-2016. That implies a considerably more aggressive tightening that either Fed officials or the markets currently anticipate." Some experts went as far as suggesting they feared interest rates might not be raised in September, as inflation remains too low. "There are fears inflation is too low to even think about raising interest rates, but we still expect rates to rise in mid-2015 in line with the long-term strategy of Yellen and her Fed colleagues," said Dennis de Jong, managing director at UFX.com. In corporate news, Apple shares soared 6.13% after the company said late on Tuesday night that it had sold 74.5m iPhones in the first quarter and profit rose 38% to a record high. Boeing rose 5.40% after the company's fourth-quarter earnings beat forecasts, while US Steel surged 10.86% after the steel producer's earnings beat analysts' expectations. Abiomed Inc. jumped 29.17% after the medical device maker posted earnings that were much better of Wall Street estimates, while Yahoo! declined 3.08% after jumping as rising as much as 7% after the bell on Tuesday when it announced it intends to spin off its stake in Alibaba. Energy stocks suffered heavy losses as oil prices fell over 3%, with Denbury Resources and Cabot OIl & Gas Corp losing 9.38% and 4.88% respectively. Oil prices tumbled after a larger-than-expected increase in US crude supplies kept inventories at their highest level in 80 years. CrudeWest Texas Intermediate crude plunged 4.5% to $44.24 a barrel, while Brent shed over 2% and ended the session at $48.44 a barrel. Gold futures fell 0.5% to 1,284.70, while the dollar gained 0.2% against the pound and 0.7% against the euro but lost 0.3% against the yen. S&P 500 - Risers Electronic Arts Inc. (EA) $54.59 +12.77% United States Steel Corp. (X) $23.58 +10.86% Total System Services Inc. (TSS) $36.42 +6.43% Apple Inc. (AAPL) $115.31 +5.65% Boeing Co. (BA) $139.64 +5.40% TE Connectivity Ltd (TEL) $67.45 +4.36% Juniper Networks Inc. (JNPR) $22.65 +3.76% Western Digital Corp. (WDC) $99.83 +2.25% Mattel Inc. (MAT) $26.99 +1.81% Adt Corp (ADT) $34.38 +1.75% S&P 500 - Fallers Nabors Industries Ltd. (NBR) $10.49 -11.70% Denbury Resources Inc. (DNR) $6.47 -9.38% Hess Corp. (HES) $66.02 -7.81% National Oilwell Varco Inc. (NOV) $53.53 -7.23% Murphy Oil Corp. (MUR) $43.40 -7.23% Noble Corporation plc (NE) $15.98 -7.09% Pioneer Natural Resources Co. (PXD) $144.55 -6.81% Helmerich & Payne Inc. (HP) $59.67 -6.49% QEP Resources Inc (QEP) $19.54 -6.01% Devon Energy Corp. (DVN) $58.43 -5.91% Dow Jones I.A - Risers Boeing Co. (BA) $139.64 +5.40% Caterpillar Inc. (CAT) $80.01 +0.20% 3M Co. (MMM) $163.94 +0.19% Dow Jones I.A - Fallers Chevron Corp. (CVX) $103.71 -4.20% Microsoft Corp. (MSFT) $41.19 -3.45% Exxon Mobil Corp. (XOM) $87.95 -3.30% JP Morgan Chase & Co. (JPM) $54.75 -2.58% General Electric Co. (GE) $23.84 -2.21% E.I. du Pont de Nemours and Co. (DD) $71.71 -2.01% Pfizer Inc. (PFE) $31.95 -1.99% Goldman Sachs Group Inc. (GS) $173.05 -1.95% United Technologies Corp. (UTX) $116.92 -1.88% Visa Inc. (V) $246.36 -1.84% Nasdaq 100 - Risers Apple Inc. (AAPL) $115.31 +5.65% Western Digital Corp. (WDC) $99.83 +2.25% Mattel Inc. (MAT) $26.99 +1.81% Nxp Semiconductors Nv (NXPI) $79.13 +1.41% Activision Blizzard Inc. (ATVI) $20.67 +0.98% Seagate Technology Plc (STX) $57.53 +0.81% Facebook Inc. (FB) $76.24 +0.61% Monster Beverage Corp (MNST) $119.21 +0.34% Avago Technologies Ltd. (AVGO) $105.00 +0.20% O'Reilly Automotive Inc. (ORLY) $191.27 +0.16% Nasdaq 100 - Fallers Vimpelcom Ltd Ads (VIP) $3.44 -4.71% Charter Communications Inc. (CHTR) $150.60 -3.72% Microsoft Corp. (MSFT) $41.19 -3.45% Tesla Motors Inc (TSLA) $199.22 -3.28% Liberty Media Corporation - Class A (LMCA) $34.32 -3.24% Yahoo! Inc. (YHOO) $46.44 -3.23% Baidu Inc. (BIDU) $220.31 -3.17% Comcast Corp. (CMCSA) $54.59 -3.13% Autodesk Inc. (ADSK) $54.59 -2.78% PROVEN 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.  Newspaper Round Up Thursday newspaper round-up: Tesco, Mark Carney, McDonald's... Tesco chief executive Dave Lewis revealed the names of 43 Tesco stores that will be closed down in an attempt to reduce overheads, said the City A.M. The chain revealed it will close 30 convenience stores, including 18 express outlets and 12 inner-city Metro shops. The closures are spread across the UK and will occur 15 March and 4 April. Bank of England governor Mark Carney has attacked German austerity, according to The Times, by warning that unless wealthy states help poorer countries, the Eurozone may become trapped in "another lost decade". After the company recorded its first sales drop in 12 years, McDonald's has appointed a new chief executive. The Guardian said that Don Thompson will step down as president and chief executive on 1 March to be replaced by British businessman Steve Easterbrook. British defence secretary Michael Fallon has revealed the armed forces will sell-off its surplus land, barracks and equipment to boost front-line funds, The Telegraph reported. Greece's new left-wing prime minister Alexis Tsipras may take on the EU on Thursday in regard to its stance on Russia, according to The Times. It is believed Athens may threaten to veto when EU ministers gather in Brussels to discuss stiffening sanctions against Moscow, prompted by recent fighting in the eastern Ukraine. The Tories will have to slash the welfare budget a further £21bn post-election to keep up with the pensions bill, the Daily Mail reported on Thursday. According to The Independent, the British public was the second-most satisfied with the NHS it has ever been in 2014. The data revealed in a new survey indicated that high waiting times and more pressure on A&E services have done nothing to sway people's faith in the national health service. Former French president Nicolas Sarkozy uses tax-payer money to fund his office, car, security and even his dry-cleaning bills to the tune of €2.2 m each year, according to The Times. Outraged campaigners have claimed that Sarkozy and two other French presidents Valéry Giscard d'Estaing and Jacques Chirac cost France €6.2m every year. Hundreds of millions of pounds worth of British public funds have been passed on to an aid agency accused of paying international criminals according to a government spending watchdog, The Guardian wrote.   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 Wednesday, 28 January 2015 17:39:50 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan Share Tips of the Year 2015 Discover the shares that look set to soar this year. Click here for your FREE report. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Stocks erase losses to edge higher ahead of FOMC UK stocks ended slightly higher on Wednesday after a choppy session, though gains were modest ahead of the all-important Federal Reserve policy decision later that evening. London's FTSE 100, which was swinging between gains and losses for most of the day, finished up 0.2% at 6,826, bouncing off an intraday low of 6,777.08 reached in the morning. While experts do not predict any major changes to the language used in the Federal Open Market Committee policy statement due out at 19:00, they will be watching closely for hints on the timing of future rate hikes. The consensus of experts believe that the Fed will stick to it's guidance of the first rate hike since 2006 arriving in mid-2015. In December, the FOMC said it would be "patient in beginning to normalise [policy]" with Fed chair Janet Yellen explaining that "patient" meant a rate hike was unlikely "for at least the next couple of meetings". Concerns about Greece had weighed on stocks earlier in the day with equities in Athens down 9% in the aftermath of Sunday's general election. New prime minister Alexis Tsipras from the victorious anti-austerity Syriza party told his cabinet on Wednesday that he would move quickly to renegotiate terms of the bailout with Greece's creditors. He said he wanted to "radically change the way that policies and administration are conducted in this country". Experian and ARM provide a boost Credit-checking group Experian was in demand after unveiling an unexpected $600m share buyback and outlining plans to grow its dividend. ARM, the semiconductor firm whose chips are used in Apple's iPhones, was bolstered by the news that the California-based tech group sold 74.5m of the smartphones in three months to December. Apple's chief executive Tim Cook said that demand for the iPhone was "staggering". Supermarket chain Wm Morrison dropped after gloomy comments from Societe Generale, which rated the stock as a 'sell' as it offered the "weakest visibility" in the sector. Johnson Matthey declined after the chemicals outfit said full-year underlying profits would be only "slightly ahead" of last year. Accountancy software maker Sage slumped after first-quarter revenues rose 5.3%, shy of its full-year growth target of 6%. The purchase of British motorbike insurer Bennetts for £27m lifted the share price of over-50s services group Saga. Market Movers techMARK 3,078.83 +0.51% FTSE 100 6,825.94 +0.21% FTSE 250 16,425.73 +0.44%   The UK Defensive Autocall (SG17) You could get a gross return of 7.5% per year, even if the FTSE 100 falls by 30% in 6 years. Capital is at risk. Find out how, click here. FTSE 100 - Risers SABMiller (SAB) 3,594.50p +4.61% Capita (CPI) 1,118.00p +2.29% Anglo American (AAL) 1,115.00p +2.29% Dixons Carphone (DC.) 429.00p +2.29% SSE (SSE) 1,580.00p +2.27% Weir Group (WEIR) 1,677.00p +2.26% Reckitt Benckiser Group (RB.) 5,620.00p +1.90% Old Mutual (OML) 208.60p +1.86% Hammerson (HMSO) 696.50p +1.83% Legal & General Group (LGEN) 269.30p +1.78% FTSE 100 - Fallers Morrison (Wm) Supermarkets (MRW) 186.30p -6.15% Standard Chartered (STAN) 905.00p -3.90% Tullow Oil (TLW) 357.00p -3.54% Johnson Matthey (JMAT) 3,385.00p -3.20% Antofagasta (ANTO) 673.50p -2.88% Sainsbury (J) (SBRY) 262.90p -2.74% InterContinental Hotels Group (IHG) 2,657.00p -2.46% BG Group (BG.) 897.80p -2.36% BP (BP.) 432.95p -1.74% Royal Dutch Shell 'A' (RDSA) 2,153.50p -1.71% FTSE 250 - Risers Saga (SAGA) 185.00p +10.78% Game Digital (GMD) 285.00p +7.87% Crest Nicholson Holdings (CRST) 406.00p +6.93% Allied Minds (ALM) 440.20p +5.06% Intermediate Capital Group (ICP) 503.50p +4.68% Nostrum Oil & Gas (NOG) 560.00p +4.28% Spire Healthcare Group (SPI) 319.20p +4.08% Greencore Group (GNC) 303.00p +3.77% Daejan Holdings (DJAN) 5,545.00p +3.64% Redefine International (RDI) 55.00p +3.48% FTSE 250 - Fallers Afren (AFR) 4.70p -6.00% Vedanta Resources (VED) 389.60p -5.16% PayPoint (PAY) 879.50p -4.87% Booker Group (BOK) 152.60p -4.09% Jimmy Choo (CHOO) 172.00p -3.91% Petra Diamonds Ltd.(DI) (PDL) 163.00p -3.55% Rightmove (RMV) 2,371.00p -2.95% Supergroup (SGP) 949.00p -2.62% RPS Group (RPS) 188.30p -2.49% PROVEN 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.  Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe close: Stocks little changed ahead of FOMC rate decision European stocks were little changed ahead of the Federal Reserve's latest policy decision. The Federal Open Market Committee releases its policy statement after European markets close. The US central bank is expected to keep interest rates at 0.25% and reiterate plans for an increase mid-2015. The Fed has maintained the benchmark rate near zero since the 2008 financial crisis. In Europe, a report showed German consumer confidence rose more than expected. GfK's forward-looking sentiment index for Germany increased to 9.3 in February from 9 in January, beating the 9.1 that was estimated. "German consumers, just like most around the world, are receiving a massive boost to real spending power from cheap oil. As a result, consumer confidence is climbing to new highs," said Berenberg analyst Christian Schulz. "We expect German households' consumption to remain a pillar of growth in Germany and the Eurozone in 2015." Elsewhere in Europe, Greek stocks declined for a third day, led by banks, amid fears the newly-appointed Syriza-led coalition will challenge austerity measures imposed in the Mediterranean nation. Holger Schmieding, analyst at Berenberg said: "Greece matters. Europe would love to keep Greece in the euro and on the path to growth. Europe is happy to fund the process, but only if Greece keeps laying the foundations for sustained growth. Tough love means that help is conditional." ARM and Imagination rally on Apple results Chip designers ARM Holdings and Imagination Technologies Group gained after Apple reported better-than-expected quarterly profit on the back of strong demand for its iPhones. Nordea advanced after raising its 2014 dividend by 44% and reporting a rise in quarterly net income. Electrolux rose after Europe's biggest appliances maker posted a 20% gain in fourth-quarter operating profit. Anglo American was higher after reporting a rise in coal and iron-ore output in the fourth quarter. Johnson Matthey declined after saying third-quarter profit growth slowed and warned of the impact from depressed oil prices. The euro fell 0.33% to $1.1344. Swissquote offers CFD Trading, an efficient mean of trading indices, commodities and currencies. You can trade on the market whether you think it will go UP or Down! Think the DAX will go Down? Short the DAX… Try CFD Trading with a Free Practice Account losses can exceed your deposit. US Market Report US open: Stocks gain on Apple earnings, while investors await Fed's decision US stocks edged forward on Wednesday, as the Nasdaq reaped the benefits of strong earnings from Apple. Just after 10:00 in New York, the Dow Jones Industrial Average was up 72.12 points to 17,459.33 (+0.4%), while the S&P and the Nasdaq advanced 0.4% and 1% respectively. Wall Street endured a torrid time on Tuesday when US stocks registered their biggest drop in three weeks, dragged down by disappointing earnings and by a sharp decline in durable goods orders. Wednesday's major event is the announcement from the Federal Open Market Committee, due at 14:00 ET. The two-day meeting is unlikely to produce any significant changes to the Fed's statement, and analysts expect the first hike in short-term interest rates by September. "Fed hawks will argue that the extremely low level of interest rates across the curve is extremely unusual in an environment in which the labour market is tightening at its current pace," said Jane Foley, senior currency strategist at Rabobank. "We have maintained a call for some time that the Fed is unlikely to hike interest rates until the end of this year. If the Fed signal that it is willing to extend its patience on policy moves, than the dollar could soften." In corporate news, Apple jumped almost 8% after reporting late on Tuesday its quarterly profit rose 38%, as the company sold 74.5m iPhone units in the period. US Steel Corp jumped almost 10% after its earnings topped Wall Street's estimates, while Boeing rose 4% after its fourth quarter beat forecasts. Yahoo! gained over 3% on plans to spin off its stake in Alibaba into a separate, publicly traded company, while Abiomed surged almost 35% after the medical device maker posted earnings that were much better than Wall Street's estimates. On Wednesday, investors will focus on Facebook, as the social media giant is due to report after the close. "Investor nervousness over rising costs will need to be calmed by increasing advertising revenue, particularly from mobile," said CMC Markets analyst Jasper Lawler. "Consensus is for mobile to make up 67% of the $3.49bn total ad revenue, so anything above $2.45bn in mobile ad revenue should be bullish for the stock." Gold futures fell slightly to $1,285.10, while the dollar advanced marginally against the pound and the yen and gained over 0.5% against the euro. Earn an iPad Air 2 or Mini 3 Join Spreadex and trade the UK 100, EUR/USD, Wall St or GBP/USD markets to earn either an iPad Air 2 or iPad Mini 3.  Losses can exceed deposit. Click here for ull ts & cs. Broker Tips Broker tips: Experian, Balfour Beatty, Anglo American, Afren Broker Liberum reiterated its 'buy' rating on Experian after the information services firm announced an unexpected £394.7m buyback, which amounts to 5% of its stock. "Experian's sustainable superior cash generation remains a key strength," Liberum said. UBS has lifted its target for Balfour Beatty's shares from 200p to 235p, but maintained a 'neutral' stance on the infrastructure group. "It is rare that shares rally 10%+ after a profit warning but in Balfour Beatty's case the assumptions seems to be that the worst is now over and new management can eliminate what has been extremely poor performance in the UK. We are inclined to give the benefit of the doubt for now but see relatively limited value at the current share price level," the bank said. Broker Shore Capital said it expected a "negative market reaction" after mining giant Anglo American reported a decline in output in the fourth quarter. "Not really what we wanted to see, particularly given the general weakening in commodity prices," it said in a note on Wednesday. Broker Westhouse Securities has cut Afren from 'neutral' to 'sell' and slashed its target from 90p to just 2p, saying that the risk of owning shares in the struggling oil producers is too high.   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  Morning Euro Markets Bulletin Daily world financial news Wednesday, 28 January 2015 10:03:27 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan Share Tips of the Year 2015 Discover the shares that look set to soar this year. Click here for your FREE report. London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: UK stocks rise ahead of FOMC meeting Strong results from US blue chips Apple and Yahoo after the closing bell on Wall Street led to a higher open in London on Wednesday, as investors took an optimistic approach ahead of the Federal Reserve meeting. The FTSE 100 was up 0.2% at 6,827 in early deals. US markets finished with sharp losses on Tuesday after a barrage of disappointing corporate earnings and economic data, including figures which showed a 3.4% drop in durable goods orders. However, Apple's shares jumped after the close after the smartphone and tablet group reported a massive 30% year-on-year increase in quarterly sales to $74.6bn. It also posted a record quarterly net profit of $18bn. Meanwhile, results from Yahoo were also welcomed by investors in after-hours trade, along with the announcement that it will spin-off its $40bn stake in Chinese ecommerce firm Alibaba. As for Wednesday's session, with little economic data on tap the focus will be on the outcome of the Federal Open Market Committee (FOMC) meeting at 19:00 with investors waiting for hints about when the US central bank will begin to hike interest rates. With no press conference scheduled and no new projections expected, analysts at Danske Bank said the "focus will be on the tone of the statement". "We expect only small changes to the statement and most importantly we expect it to repeat that the FOMC can 'be patient in beginning to normalise the stance of monetary policy'," they said. Experian, Anglo and ARM rise Credit-checking firm Experian was a high riser ahead of an investor seminar on Wednesday, at which it is expected to outline strategic and capital framework plans to "deliver annual average growth in organic revenue in the mid-single digit range". The company also said it has the potential for "strong growth" in earnings per share. Mining giant Anglo American impressed by meeting forecasts with its fourth-quarter output results with improvements in iron ore, coal and platinum and declines in copper, nickel and diamonds. However, sectors peers Fresnillo and Antofagasta were both lower after production updates. Chip designer ARM Holdings was in positive territory after better-than-expected results from customer Apple showed strong demand for smartphones. Third-quarter sales rose at Johnson Matthey but shares slumped after the chemicals group's underlying profits growth slowed due to continuing issues with Anglo American Platinum. The FTSE 100 group, which said full-year targets remained in line with expectations, said the £10m of losses in commission income from Anglo American Platinum prevented underlying profit before tax from growing at double-digit rates. Business management software group Sage underwhelmed after saying it made a "solid start" to the new financial year and remains on track to hit its growth targets. Severn Trent fell after saying it has cut its dividend for next financial year after accepting the final determination from the water industry regulator, but plans a £100m share buy-back programme to reduce its gearing ratio. On the FTSE 250, oil producer Afren rebounded after a sharp plunge in its share price the previous session on the back of funding concerns. The UK Defensive Autocall (SG17) You could get a gross return of 7.5% per year, even if the FTSE 100 falls by 30% in 6 years. Capital is at risk. Find out how, click here. techMARK 3,075.75 +0.41% FTSE 100 6,827.32 +0.23% FTSE 250 16,417.22 +0.39% FTSE 100 - Risers Experian (EXPN) 1,205.00p +3.43% Weir Group (WEIR) 1,676.00p +2.20% ARM Holdings (ARM) 1,052.00p +2.04% Anglo American (AAL) 1,111.00p +1.93% Mondi (MNDI) 1,195.00p +1.79% SABMiller (SAB) 3,492.00p +1.63% GKN (GKN) 373.50p +1.22% Coca-Cola HBC AG (CDI) (CCH) 1,085.00p +1.02% Severn Trent (SVT) 2,172.00p +0.98% Capita (CPI) 1,103.00p +0.91% FTSE 100 - Fallers Johnson Matthey (JMAT) 3,308.00p -5.40% Antofagasta (ANTO) 671.50p -3.17% Morrison (Wm) Supermarkets (MRW) 193.30p -2.62% InterContinental Hotels Group (IHG) 2,670.00p -1.98% Sage Group (SGE) 475.60p -1.74% Tullow Oil (TLW) 364.80p -1.43% Standard Chartered (STAN) 931.20p -1.11% Royal Mail (RMG) 435.40p -1.09% Fresnillo (FRES) 900.50p -1.04% Randgold Resources Ltd. (RRS) 5,545.00p -0.89% FTSE 250 - Risers Afren (AFR) 7.00p +40.00% Serco Group (SRP) 161.70p +3.45% Petrofac Ltd. (PFC) 713.00p +3.33% Cranswick (CWK) 1,400.00p +3.17% Intermediate Capital Group (ICP) 495.00p +2.91% Fisher (James) & Sons (FSJ) 1,175.00p +2.89% Poundland Group (PLND) 348.60p +2.50% Barr (A.G.) (BAG) 645.00p +2.38% Crest Nicholson Holdings (CRST) 388.50p +2.32% Just Retirement Group (JRG) 138.70p +2.06% FTSE 250 - Fallers Zoopla Property Group (WI) (ZPLA) 182.60p -3.89% Jimmy Choo (CHOO) 175.00p -2.23% Rightmove (RMV) 2,392.00p -2.09% Beazley (BEZ) 285.10p -1.69% Vedanta Resources (VED) 405.70p -1.24% Booker Group (BOK) 157.20p -1.19% PZ Cussons (PZC) 313.80p -1.01% Carillion (CLLN) 338.10p -0.88% Northgate (NTG) 607.00p -0.82% UK Event Calendar Wednesday 28 January INTERIMS Ebiquity INTERIM DIVIDEND PAYMENT DATE Hibernia Reit INTERNATIONAL ECONOMIC ANNOUNCEMENTS Balance of Payments (GER) (07:00) Crude Oil Inventories (US) (15:30) FOMC Interest Rate (US) (19:00) GFK Consumer Confidence (GER) (07:00) MBA Mortgage Applications (US) (12:00) FINALS Staffline Group IMSS Intermediate Capital Group AGMS Alternative Networks, Artemis VCT, Imperial Tobacco Group, JPMorgan Asian Inv Trust, Renew Holdings, Schroder Asia Pacific Fund, Standard Life European Private Equity Trust TRADING ANNOUNCEMENTS Barr (A.G.) FINAL DIVIDEND PAYMENT DATE Diploma, Hargreave Hale AIM VCT 1 PROVEN 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.  Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks little changed as German consumer confidence improves European stocks were little changed as a report showed German consumer confidence rose more than expected in February. GfK's forward-looking sentiment index for Europe's biggest economy increased to 9.3 from 9 in January. "German consumers, just like most around the world, are receiving a massive boost to real spending power from cheap oil. As a result, consumer confidence is climbing to new highs," said Berenberg analyst Christian Schulz. "We expect German households' consumption to remain a pillar of growth in Germany and the Eurozone in 2015." In the US, the Federal Open Market Committee releases its policy statement after European markets close. The US central bank is expected to keep interest rates at 0.25% and reiterate plans for an increase mid-2015. The Fed has maintained the benchmark rate near zero since the 2008 financial crisis. On the company front, Nordea advanced after raising its 2014 dividend by 44% and reporting a rise in quarterly net income. Electrolux gained after Europe's biggest appliances maker posted a 20% gain in fourth-quarter operating profit. The euro fell 0.35% to $1.1341. Swissquote offers CFD Trading, an efficient mean of trading indices, commodities and currencies. You can trade on the market whether you think it will go UP or Down! Think the DAX will go Down? Short the DAX… Try CFD Trading with a Free Practice Account losses can exceed your deposit. US Market Report US close: Stocks sink amid poor durable goods data and disappointing earnings US stocks sank on Tuesday, suffering their biggest in drop in three weeks, after disappointing data on durable goods led to speculations that economic growth was slowing down. The Dow Jones Industrial Average closed points down at, while the S&P lost points closing at and the Nasdaq dropped to points. Orders for durable US good declined 3.4% in December, registering the fourth decline in the past five months and falling well below the expected 0.1% decline. According to figures released by the Commerce Department on Tuesday, durable goods orders for November were revised to show a 2.1% drop instead of a 0.9% drop. Meanwhile, US house prices rebounded by 0.2% in November, to lower the year-over-year gain to 4.3%, according to the S&P/Case-Shiller 20-city composite. The report released on Tuesday, showed that on a seasonally adjusted basis home prices advanced 0.7%. The consumer confidence index soared in January to a seven-year high of 102.9, while new-home sales rose 11.6% in December. "The surge in the conference board measure of consumer confidence to a seven-year high in January suggests that consumers started the year in a buoyant mood and that the decline in retail sales in December was nothing more than a blip," analysts at CMC Markets said in a note. In corporate news, Microsoft endured its worst day since July 2013, falling 9.37%, after JP Morgan cut the company to neutral from overweight. The tech giant's commercial sales fell below expectations late on Monday. "Microsoft had already set the stage for disappointment overnight after it offered a weaker outlook for its software business," said CMC Markets analyst Jasper Lawler. "It beat earnings estimates and announced a share buyback scheme of $30bn which is larger than previous years although perhaps not quite as aggressive as some had called for." American Airlines Group fell 5.07% after reporting fourth quarter earnings that beat analysts' expectations but reported its revenue per available seat mile, an important aviation industry gauge, fell 1%. Peabody Energy slid 6.45% after it cut its quarterly dividend and said it forecast a severe first quarter loss after posting a fourth quarter loss of $514.6m, while Procter & Gamble fell almost 3.45% after disappointing results. Caterpillar lost 7.18% after announcing a disappointing outlook for 2015 and reporting lower-than-expected earnings. Texas Instruments fell 0.15% despite reporting better-than-expected fourth quarter earnings on Monday night, while United Technologies 0.35% advanced after its fourth quarter earnings rose from $1.45bn to $1.47bn. Gold futures advanced by over 1% to $1,293.90, while the dollar fell over 0.7% against the pound, by 0.6% against the yen and by over 1.2% over against the euro. Oil prices rebounded strongly, with Brent crude and West Texas intermediate gaining over 2% to settle at $49.2 a barrel, while West Texas Intermediate rose almost 1.8% to end the day just under $46 a barrel. S&P 500 - Risers Diamond Offshore Drilling Inc. (DO) $34.28 +4.48% Nabors Industries Ltd. (NBR) $11.88 +4.12% Corning Inc. (GLW) $24.73 +3.43% Transocean Ltd. (RIG) $16.98 +2.97% ProLogis (PLD) $47.13 +2.79% Waters Corp. (WAT) $119.35 +2.79% Newmont Mining Corp. (NEM) $25.14 +2.65% Denbury Resources Inc. (DNR) $7.14 +2.59% TE Connectivity Ltd (TEL) $64.63 +2.33% Noble Corporation plc (NE) $17.20 +2.20% S&P 500 - Fallers Microsoft Corp. (MSFT) $42.66 -9.25% Caterpillar Inc. (CAT) $79.85 -7.18% Peabody Energy Corp. (BTU) $6.24 -6.45% Freeport-McMoRan Inc (FCX) $18.38 -6.03% Joy Global Inc. (JOY) $41.29 -5.32% Nvidia Corp. (NVDA) $19.63 -4.78% Intel Corp. (INTC) $34.19 -4.51% Micron Technology Inc. (MU) $29.65 -4.42% Cisco Systems Inc. (CSCO) $26.90 -3.83% Hewlett-Packard Co. (HPQ) $37.36 -3.81% Dow Jones I.A - Risers United Technologies Corp. (UTX) $119.16 +0.35% Dow Jones I.A - Fallers Microsoft Corp. (MSFT) $42.66 -9.25% Caterpillar Inc. (CAT) $79.85 -7.18% Intel Corp. (INTC) $34.19 -4.51% Cisco Systems Inc. (CSCO) $26.90 -3.83% Procter & Gamble Co. (PG) $86.49 -3.45% Goldman Sachs Group Inc. (GS) $176.49 -2.18% Visa Inc. (V) $250.99 -2.16% Nike Inc. (NKE) $94.50 -1.92% International Business Machines Corp. (IBM) $153.67 -1.72% Unitedhealth Group Inc. (UNH) $110.01 -1.43% Nasdaq 100 - Risers Netflix Inc. (NFLX) $454.17 +1.70% Dollar Tree Inc (DLTR) $71.32 +1.36% Xilinx Inc. (XLNX) $39.44 +1.17% Illumina Inc. (ILMN) $203.25 +0.78% Sba Communications Corp. (SBAC) $120.04 +0.76% Starbucks Corp. (SBUX) $88.34 +0.25% Staples Inc. (SPLS) $16.91 +0.24% Nasdaq 100 - Fallers Microsoft Corp. (MSFT) $42.66 -9.25% Vimpelcom Ltd Ads (VIP) $3.61 -5.00% Nvidia Corp. (NVDA) $19.63 -4.78% Intel Corp. (INTC) $34.19 -4.51% Micron Technology Inc. (MU) $29.65 -4.42% Cisco Systems Inc. (CSCO) $26.90 -3.83% Autodesk Inc. (ADSK) $56.15 -3.57% Apple Inc. (AAPL) $109.13 -3.51% Seagate Technology Plc (STX) $57.06 -3.38% Earn an iPad Air 2 or Mini 3 Join Spreadex and trade the UK 100, EUR/USD, Wall St or GBP/USD markets to earn either an iPad Air 2 or iPad Mini 3.  Losses can exceed deposit. Click here for ull ts & cs. Newspaper Round Up Wednesday newspaper round-up: NHS, Ed Miliband, Ebola... A drug worth £10m per patient will soon be available on the NHS after gaining approval, said The Times. The drug is called Eculizumab and will provide life-saving treatment for around 200 people a year with a rare kidney condition. The paper claimed that the drug will cost the NHS upwards of £82m each year. Ed Miliband could cost his party this year's election, according to a former Labour cabinet minister. Miliband has promised to protect the NHS in a "pale imitation" of Neil Kinnock's failed 1992 campaign that will prove a "fatal mistake", the former health secretary Alan Milburn argued in The Times. The Times wrote on Wednesday that a massive injection of foreign aid is needed by the three west African nations that have been ravaged by ebola, according to Oxfam. More than 8,000 people were killed during the outbreak, said the paper, and most of the victims were in Guinea, Liberia and Sierra Leone. The World Bank also noted that £1bn has already been drained from those nations' economies. An underhand political group led by billionaire pro-Republican brothers Charles and David Koch will spend $889m during next year's presidential election, according to The Times. The duo will raise the money from a pool of donors, the paper added, that share the Koch brothers' political inclinations. They have frowned upon healthcare reforms, minimum wage and various other government regulatory changes in the past. An independent bicycle store in north London has been put up for auction on eBay at a starting price of 99p, wrote The Evening Standard. Holloway Cycles has been owned by the same people for seven years who have been forced to close the shop after a sale fell through. A 12-month-long bidding war over a £3.4bn property has been launched to transform London's network of vacant underground stations into tourist hot-spots, penthouse apartments and new housing, according to The Telegraph. The move should cater to a growing population and boost the city's economy. Analysts have now claimed that the conflict in Syria and Iraq have overtaken the 1980s Soviet war in Afghanistan as the biggest jihad in modern times. They also said that the jihadist movement is splitting, according to The Times. More than 20,000 foreign fights have moved to the region, more than during any other war in a Muslim country since 1945.   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