ADVFN Newsdesk - Sentiment Fidgety Amid Valuation Worries and Uncertainties

ADVFN  World Daily Markets Bulletin Daily world financial news Thursday, 28 May 2015 09:19:56    Monitor Quote Charts News Toplists Forex Boards   Sponsored by: VectorVest How to Analyze Any Stock in 30 Seconds (or Less) BUY, SELL or HOLD? Knowing which stocks to buy can be tough. But armed with the right tools, you can easily separate the winners from the losers. Watch this short video to see how fast and easy it can be to analyze your stocks and manage your portfolio! Watch This Video  US Market NYSE AMEX Dow Jones Nasdaq Please click on the images to view our interactive charts The major U.S. index futures are pointing to a lower opening on Thursday, with sentiment reflecting apprehensions among traders concerning the overbought levels of the markets amid the uncertainties surrounding the domestic economic and monetary policy environment and overseas risks. An economic report released short while ago showed that jobless claims unexpectedly rose. The dollar is firming up despite the lukewarm data and commodities are mostly lower. The domestic markets may also draw inspiration from the pending home sales data due after the markets open and a Fed speech scheduled for the day. U.S. stocks advanced strongly on Wednesday amid bargain hunting even as the dollar firmed up on rate hike fears, with the Nasdaq Composite closing at a fresh record high. The major averages opened higher and advanced sharply in the afternoon before beginning a steady climb for the rest of the session. The Dow Industrials added 121.45 points or 0.67 percent before closing at 18,163 and the S&P 500 Index ended up 19.28 points or 0.92 percent at 2,124, while the Nasdaq Composite Index ended at 5,107, up 73.84 points or 1.47 percent. Twenty-six of the thirty Dow components advanced in the session, while the remaining four stocks retreated. Apple, Goldman Sachs, IBM, Home Depot, Microsoft and Visa were among the biggest gainers of the session. Among the sectors, transportation, biotechnology, retail, semiconductor, computer hardware and financial stocks saw significant strength on the day. Sell These 7 Stocks Insiders are Dumping Warning signs are everywhere. Insider selling is at all-time highs, and the last time sentiment was this negative was in 2007, just before the stock market crashed. The 7 stocks on my list have particularly troubling red flags and stand to get hit the hardest.  If you own any of these 7 dangerous stocks, you must sell now! Click here to see the full list - free access until midnight. US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts After reporting a modest increase in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a showing another uptick in initial jobless claims in the week ended May 23rd. The report said initial jobless claims edged up to 282,000, an increase of 7,000 from the previous week's revised level of 275,000. The continued increase came as a surprise to economists, who had expected jobless claims to dip to 270,000 from the 274,000 originally reported for the previous week. The National Association of Realtors is due to release its pending home sales index for April at 10 am ET. The consensus estimates call for a 0.8 percent month-over-month increase in pending home sales in April. In March, the pending home sales index climbed a better than expected 1.1 percent month-over-month. Pending home sales rose strongly in the South and the West. The Energy Information Administration will release its weekly petroleum status report for the week ended May 22nd at 11 am ET, a day later than the customary release day due to Monday's holiday. Crude oil stockpiles fell by 2.7 million barrels to 482.2 million barrels in the week ended May 15th. Despite the drop, inventories were at the highest level for this time of the year in at least the last 80 years. Gasoline inventories fell by 2.8 million barrels but were above the upper limit of the average range. Distillate stockpiles also declined by 0.5 million barrels and were in the lower half of the average range for this time of the year. Refinery capacity utilization averaged 92 percent over the four weeks ended May 15th compared to 91.7 percent over the four weeks ended May 8th. The Treasury Department is due to announce the results of its auction of 7-year notes at 1 pm ET. Minneapolis Federal Reserve Bank President Narayana Kocherlakota is scheduled to speak on monetary policy in Helena, Montana, at 2:45 pm ET. Say "Goodbye" to 3D Printing Early investors in 3D printing stocks saw profits of 1,200% and higher. Now they've shifted their focus to a new technology -- one that could change everything for medicine, transportation, the energy markets, and more. We've found 3 stocks you can invest in to ride this trillion-dollar mega-trend... And one little-known way to play it that could change your net worth forever. Download the Free Report Here Stocks in Focus FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts Costco reported better than expected third quarter earnings, while its revenues missed estimates. Comparable store sales fell 1 percent, although comparable store sales at its U.S. stores were up 1 percent. Semtech reported below-consensus adjusted earnings and revenues for its first quarter. The company's earnings and revenue guidance for the second quarter was also weak. Copart's third quarter earnings beat estimates, but its revenues came in below expectations. CA Technologies signed an agreement to buy Rally Software (RALY) for $19.50 per share or $480 million, net of cash required. Deckers Outdoor, Gamestop and Pacific Sunwear are among the companies due to release their quarterly results after the close of trading. Avago Technologies announced that it has agreed to acquire Broadcom in $37 billion transaction. Abercrombie & Fitch Co. reported a net loss that widened from the year-ago quarter. Net sales decreased 14 percent and missed the consensus estimate, driven by a comparable sales decline of 8 percent and an adverse effect from changes in foreign currency exchange rates of 6 percent. Meanwhile, the company forecast continued sequential comparable sales improvement into the second quarter and the second half of the fiscal year. The 21st Century's Industrial Revolution is Underway! Discover the shocking technology that's powering the next industrial revolution — and the 3 stocks that stand to benefit the most. Two of them have doubled since we first began covering this sector... and the other has more than TRIPLED. In this free report, we'll reveal all 3 stocks as well as one little-known way to play this trend that could change your net worth forever. Click Here to Download it Now. European Markets European stocks opened lower but recouped some of the losses over the course of the morning. The averages are still trading on a mixed note. Officials from both sides suggest that Greece will remain part of the eurozone and an amicable agreement could be clinched to avoid a default. The outcome of the meeting of G7 nations in Dresden today and tomorrow could shed more light on how Greece's international creditors seek to end the impasse. In corporate news, Tate & Lyle reported lower profits for its fiscal year and also said it expects flat adjusted earnings and dividends for the current fiscal year. On the economic front, revised estimates released by the U.K. Office for National Statistics showed that the U.K. GDP rose at an unrevised rate of 0.3 percent in the first quarter, slower than the 0.6 percent increase in the fourth quarter of 2014. German import prices continued to decline, albeit at a slower rate in April, according to a report released by the German Federal Statistical Office. Imports fell 0.6 percent year-over-year in April compared to expectations for a 0.7 percent drop. In March, import prices were down 1.4 percent. Import prices were up 0.6 percent from the previous month, slower than the 1 percent increase in March. At the same time, annual export price growth quickened to 1.6 percent from 1.4 percent. The results of a survey by the European Commission showed that economic confidence in the eurozone remained stable in May, belying expectations for a small drop. At the same time, consumer confidence weakened in line with estimates. Industrial confidence improved slightly from depressed levels. Be The Boss of Your Own Money.  Be Type E*.  Sign Up with E*TRADE Now. Asian markets USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts The Asian markets ended on mixed note, with the Chinese and Hong Kong markets retreating sharply after recent gains, while most other major markets traded on a lackluster note. After a positive start, Australia's All Ordinaries pulled back in early trading. Although the average cut its losses over the remainder of the session, it ended down 5.50 points or 0.11 percent at 5,718. Most sectors retreated, led by telecom, material and industrial stocks. At the same time, consumer staple and utility stocks found some strength. China's Shanghai Composite Index slumped 321.45 points or 6.50 percent before closing at 4,620 and Hong Kong's Hang Seng Index ended 626.90 points or 2.23 percent lower at 27,454. The sell-off was seen as a reaction to announcements by several brokers concerning tightening requirements on margin financing ahead of the IPO flux next week. Meanwhile, buoyed by a weaker yen, which fell to its lowest level in 12 years against the dollar, Japan's Nikkei 225 Index ended up 67.44 points or 0.33 percent at 20,540. However, the index ended well off its intra-day high of 20,655. Financial and export stocks were among the biggest gainers of the session, while utility and telecom stocks lost ground. On the economic front, a report released by Japan's Ministry of Economy, Trade and Industry showed that retail sales rose 5 percent year-over-year in April, missing forecasts for a 5.5 percent increase. On a monthly basis, retail sales increased a less than expected 0.4 percent. The Australian Bureau of Statistics reported that private capital spending in Australia fell 4.4 percent sequentially in the first quarter, steeper than the 2.2 percent drop forecast by economists. On a year-over-year basis, private capital spending fell by 5.3 percent. New Study Shows How to Turn $5,000 Into $6.5 Million Recently, a small not-for-profit "think tank" based in Kansas City, Missouri quietly published a new study... The study monitored the investment activity of 539 millionaires... They've been growing their money 3x - 4x faster than the stock market for more than 17 years... And in this new report, we'll show how you can do the same: Click here to Download it Now Currency and Commodities Markets Crude oil futures are slipping $0.16 to $57.35 a barrel after retreating $0.52 to $57.51 a barrel on Wednesday. The most actively traded gold futures for August delivery, which fell $1.30 to $1,186.50 an ounce in the previous session, are currently inching up $0.80 to $1,186.40 an ounce. Among currencies, the U.S. dollar is trading at 124.27 yen compared to the 123.66 yen it fetched at the close of New York trading on Wednesday. Against the euro, the dollar is valued at $1.0878 compared to yesterday's $1.0904.     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 Thursday, 28 May 2015 09:57:54 Monitor Quote Charts News CFD's Spreadbetting Free BB   Sponsored by: Galvan The Penny Share That's The Cream of The Crop Don't buy another share until you've read this... We've discovered a UK stock with explosive potenital 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: Markets retreat on Greek uncertainty Stocks opened in the red on Thursday as investors took profits following a surge the day before, with renewed uncertainty in Greece hitting sentiment. The FTSE 100 was down 0.22% at 7,017.70 early on. Reports of a imminent Greek debt deal hitting the wires spurred buying on Wednesday, sending the index up 1.2% to close at 7,033.33. "Of course, whether you believe progress has actually been made depends entirely on which officials you choose to listen to, which does confuse matters somewhat," according to Oanda analyst Craig Erlam. In fact, German Finance Minister Wolfgang Schaeuble actually said in an interview with ARD television that "negotiations between the three institutions and the Greek government still haven't come very far". He said he is "always a bit surprised" when Greece says an agreement is near. Things are expected to pick up on the economic data calendar after a quiet session on Wednesday, with data due out on UK GDP, UK mortgage loans, Eurozone confidence, US initial jobless claims and US pending homes. The revision of UK GDP figures for the first quarter out at 09:30 are expected to be revised up to show growth of 0.4% from the initial estimate of 0.3%. The first reading followed 0.6% growth in the fourth quarter of 2014 and marked the lowest level of expansion since the end of 2012. Sports Direct, Kingfisher and ARM rise High street sports retailer Sports Direct was a high riser after it lifted its guidance for annual profits due to "continued and prudent depreciation policy and lower interest charges". B&Q and Screwfix owner Kingfisher also impressed after making a "solid" start to the year under new French chief executive V?ronique Laury, with like-for-like sales up 0.8% in the first quarter. Chip designer ARM Holdings was in demand as M&A activity continued across the sector after reports that Broadcom could be snapped up by Avago Technologies in a $35bn deal. Mining stocks were mostly lower, including Anglo American, BHP Billiton and Glencore. Concerns about China may have also been weighing on shares after HSBC downgraded its Chinese GDP growth forecast for 2015 from 7.3% to 7.1%. Payment solutions group Paypoint gained after saying its retail networks performed well during the full year, with revenues and profits rising. Synergy Health extended losses as hopes over the proposed takeover by US outfit Steris Corp continued to fade on rumours that the FTC will move to block the deal. Shares in Tate & Lyle slid after the sweeteners and food ingredients group said that full-year pre-tax profit dropped 30% as it continues to restructure its business. Free guide to Charting from ADS-Securities London Learn how to use the charts and improve your trading with our FREE guide, covering types of charts, trend lines, ranges, support and resistance and technical analysis. Apply for an account and get FREE upgrade to MT4Plus and 0.5 spreads until 31st May on UK100. Apply today Your Capital is at Risk. Market Movers techMARK 3,323.24 +0.01% FTSE 100 7,017.70 -0.22% FTSE 250 18,206.56 -0.17% FTSE 100 - Risers Sports Direct International (SPD) 687.00p +4.33% Kingfisher (KGF) 378.30p +3.14% ARM Holdings (ARM) 1,162.00p +2.02% TUI AG Reg Shs (DI) (TUI) 1,194.00p +1.79% Reed Elsevier (REL) 1,114.00p +1.36% Persimmon (PSN) 1,983.00p +1.28% Dixons Carphone (DC.) 469.50p +1.12% InterContinental Hotels Group (IHG) 2,801.00p +1.08% Direct Line Insurance Group (DLG) 334.20p +0.97% United Utilities Group (UU.) 1,004.00p +0.96% FTSE 100 - Fallers Anglo American (AAL) 1,017.00p -2.26% Intertek Group (ITRK) 2,521.00p -2.14% Marks & Spencer Group (MKS) 586.00p -1.76% Glencore (GLEN) 282.55p -1.46% Fresnillo (FRES) 733.00p -1.41% BHP Billiton (BLT) 1,361.50p -1.27% Rio Tinto (RIO) 2,845.00p -1.25% RSA Insurance Group (RSA) 430.80p -1.24% HSBC Holdings (HSBA) 617.90p -1.18% Antofagasta (ANTO) 754.00p -0.98% FTSE 250 - Risers PayPoint (PAY) 921.50p +4.95% Infinis Energy (INFI) 185.00p +3.35% Rank Group (RNK) 207.20p +2.57% Zoopla Property Group (WI) (ZPLA) 245.50p +2.29% Inmarsat (ISAT) 1,006.00p +2.08% Daejan Holdings (DJAN) 5,665.00p +1.61% Brewin Dolphin Holdings (BRW) 319.50p +1.40% Computacenter (CCC) 740.00p +1.37% Just Eat (JE.) 473.40p +1.28% Tullett Prebon (TLPR) 398.60p +1.17% FTSE 250 - Fallers Soco International (SIA) 180.50p -5.50% Amec Foster Wheeler (AMFW) 935.00p -4.35% Synergy Health (SYR) 1,746.00p -4.17% Fidelity China Special Situations (FCSS) 166.90p -4.08% Vedanta Resources (VED) 587.50p -3.61% Tate & Lyle (TATE) 579.50p -3.34% Cable & Wireless Communications (CWC) 66.80p -2.91% ICAP (IAP) 553.00p -2.30% Marston's (MARS) 169.10p -1.86% UK Event Calendar Thursday 28 May INTERIMS Lakehouse INTERIM DIVIDEND PAYMENT DATE Wetherspoon (J.D.) INTERIM EX-DIVIDEND DATE Avingtrans, Baronsmead VCT, Baronsmead VCT 2, Bellway, Britvic, Focusrite, Henderson European Focus Trust, Impax Asset Management Group, Keystone Inv Trust, Marston's, Matchtech Group, Titon Holdings, Town Centre Securities, Zoopla Property Group (WI) QUARTERLY EX-DIVIDEND DATE Canadian General Investments Ltd., HICL Infrastructure Company Ltd, Imperial Tobacco Group, Premier Energy & Water Trust INTERNATIONAL ECONOMIC ANNOUNCEMENTS Business Climate Indicator (EU) (10:00) Continuing Claims (US) (13:30) Crude Oil Inventories (US) (15:30) Economic Sentiment Indicator (EU) (10:00) Initial Jobless Claims (US) (13:30) Pending Homes Sales (US) (15:00) GMS Global Investment House K.P.S.C. GDR (Reg S) FINALS Gable Holdings Inc., Helical Bar, Infinis Energy, PayPoint, Porta Communications , Tate & Lyle SPECIAL DIVIDEND PAYMENT DATE Amlin SPECIAL EX-DIVIDEND PAYMENT DATE Graphite Enterprise Trust, Premier Energy & Water Trust AGMS Access Intelligence, Action Hotels, Alba Mineral Resources, Allied Minds , Berkeley Mineral Resources, Centralnic Group , Electric Word, F&C Commercial Property Trust Ltd., Fair Oaks Income Fund Limited , Foresight VCT, Foresight VCT Infrastructure Shares, Foresight VCT Planned Exit Shares, Galasys, Kenmare Resources, Metminco Ltd., Mincon Group , Netplay TV, North American Income Trust (The), Northbridge Industrial Services, Octopus AIM VCT 2, Powerflute Oyj (DI), Schroder Income Growth Fund, Smart Metering Systems, Teathers Financial , Toumaz Limited, Trap Oil Group, Travis Perkins TRADING ANNOUNCEMENTS IG Group Holdings, IG Group Holdings UK ECONOMIC ANNOUNCEMENTS BBA Mortgage Lending Figures (09:30) GDP (output, income & expenditure) (09:30) Index of Services (09:30) FINAL DIVIDEND PAYMENT DATE Amlin, Capita, Cenkos Securities, Croda International, Informa, Intu Properties, Polypipe Group , Servelec Group , SQS Software Quality Systems AG FINAL EX-DIVIDEND DATE Alkane Energy, Amec Foster Wheeler, Andrews Sykes Group, Cable & Wireless Communications, Capital & Counties Properties , Central Asia Metals, DCC, Dignity, Dillistone Group, Frenkel Topping Group, Graphite Enterprise Trust, Great Portland Estates, Hill & Smith Holdings, Hilton Food Group, Huntsworth, Inchcape, Kakuzi Ltd., Manx Telecom , Marks & Spencer Group, Maven Income & Growth 2 VCT, Menzies(John), Michelmersh Brick Holdings, Mincon Group , NMC Health, Pacific Assets Trust, Premier Farnell, Soco International, Spectris, Stobart Group Ltd., Tandem Group, Tarsus Group, TLA Worldwide , UTV Media, Whitbread Q1 Alpha Bank GDR (Reg S) USD, Public Power GDR SA (Reg S), Signet Jewelers Ltd. Trade online for just £3.95* until 31 July Better price, Better tools,  Better platform,  Better trading - TD Direct Investing. Find out more You may not get back all the money you invest. *Terms apply Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks slip back as optimism over Greece deal is quashed European stocks slipped into the red in early trading, giving back some of the gains from the previous session as optimism about a possible deal between Greece and its creditors waned amid conflicting headlines. By 0915 BST, the benchmark Stoxx Europe 600 index and Germany's DAX were both down 0.5%, while France's CAC was 0.7% weaker. Stocks racked up healthy gains on Tuesday after a Greek official said that the country had started to draw up a staff-level agreement with its creditors that would include a low target for the primary surplus in the first year and no recessionary measures. It was also said that the agreement would include a long-term solution on Greek debt and secure the country's bank deposits. However, European Central Bank policymaker Ewald Nowotny played down the Greek government's optimism that a deal is near and said it was still not possible to accept Greece's bonds as security for central bank credit. "For us, it is quite clear that we have certain conditions to be met. The one condition is ... whether we can accept for instance Greek assets, Greek bonds, as collateral. The answer is, for the time being: No," Nowotny told CNBC television. German Finance Minister Wolfgang Schaeuble, meanwhile, made it clear that he did not share Athens' view on the matter either. "We've been hearing a lot of positive news from Greece - and that's good - but in essence, the negotiations have not progressed much," he told Germany's ARD television. "Whether you believe progress has actually been made depends entirely on which officials you choose to listen to, which does confuse matters somewhat," said Craig Erlam, senior market analyst at Oanda. "While many people were sceptical yesterday when a Greek official claimed that creditors had started crafting a staff level accord, markets did respond very positively to the reports with stock markets surging shortly after the remarks. People became increasingly skeptical when the details of the agreement were released and appeared very favourably for Greece including debt relief, no wage or pension cuts and an investment package," he added. In corporate news, International Consolidated Airlines Group said on Thursday that its €2.55 per share takeover offer for Aer Lingus is final and won't be increased. Shares in Tate & Lyle slid after the company posted a 30% drop in full-year pre-tax profit and said it expects earnings and dividends to be flat this year. Europe's biggest home improvement retailer, Kingfisher, rose 3% after it reported a rise in first-quarter profit thanks to a strong performance at Screwfix. In terms of sectors, miners were under pressure as commodity prices took a hit from the stronger dollar. When the dollar strengthens, it depresses commodities priced in the greenback as they become more expensive for other currency holders. The G-7 meeting in Dresden will continue on Thursday, as leaders of the seven wealthiest nations discuss the health of the global economy, financial regulations and of course, Greece. Apply with ETX Capital Receive a welcome bonus on your first deposit up to 60% (T & C’s apply) Losses can exceed deposits US Market Report US close: tech sector leads rebound, Nasdaq at record high US stocks closed higher on Wednesday, eradicating most of the previous session's losses. At close, the Dow Jones Industrial Average was up 121.45 points, while the S&P 500 gained 19.28 points and the Nasdaq 73.84 points, marking a record high. Sector-wise, technology stocks and retailers provided the biggest lift. The dollar reversed early losses to gain 0.52% against the yen, 0.24% against the pound and 0.28% against the euro. The US 10 year Treasury yield traded close to 2.15%, up slightly from the 2.14% seen late on Tuesday. Weekly mortagage applications fell 1.6% for the week ended 22 May, as refinancing was hampered by higher rates. "Rates have made several attempts to move lower after spiking in early May, but each time they've quickly run out momentum," noted Matthew Graham of Mortgage News Daily. "Underlying market conditions are once again signaling a bounce attempt is underway, but it's not safe to plan on the good times continuing until/unless we see several days in the near future with even stronger improvements," he added. Earnings were under investor scrutiny given the absence of major economic data. Jeweller and specialty retailer Tiffany & Co surged after sales and profit fell less than expected. Fellow retailers Fossil Group and Coach Inc were also in the red. Hormel Foods gained after announcing late on Tuesday it will buy Applegate Farms for approximately $775m. Luxury lifestyle group Michael Kors tumbled after its fourth quarter sales and revenue missed estimates, while cloud software company Workday slumped after saying late on Tuesday that its first quarter loss widened. In international markets, European stocks rebounded from Tuesday's selloff, buoyed by news that Greece may have reached a deal with its creditors, while Asia closed mixed. Gold futures slipped 0.11% to $1186.50 an ounce, while crude-oil futures declined 0.69% to $57.63 a barrel. S&P 500 - Risers Broadcom Corp. (BRCM) $57.13 +21.40% Tiffany & Co. (TIF) $94.54 +10.55% Avago Technologies Ltd. (AVGO) $141.49 +7.76% Frontier Communications Co. (FTR) $5.29 +7.52% Nvidia Corp. (NVDA) $21.84 +5.35% Vertex Pharmaceuticals Inc. (VRTX) $127.80 +4.22% Sandisk Corp. (SNDK) $69.01 +3.95% Viacom Inc. Class B (VIAB) $68.35 +3.65% CBS Corp. (CBS) $62.65 +3.25% Hormel Foods Corp. (HRL) $58.43 +3.21% S&P 500 - Fallers Fossil Group Inc (FOSL) $70.75 -6.50% Coach Inc. (COH) $35.35 -3.31% Avon Products Inc. (AVP) $6.70 -2.62% Cablevision Systems Corp. (CVC) $25.32 -2.09% Noble Energy Inc. (NBL) $43.32 -1.88% GameStop Corp. (GME) $39.45 -1.82% Chipotle Mexican Grill Inc. (CMG) $612.70 -1.52% Integrys Energy Group Inc. (TEG) $71.97 -1.32% Keurig Green Mountain Inc (GMCR) $88.68 -1.31% ONEOK Inc. (OKE) $43.10 -1.26% Dow Jones I.A - Risers Microsoft Corp. (MSFT) $47.61 +2.19% Apple Inc. (AAPL) $132.04 +1.87% Intel Corp. (INTC) $33.72 +1.86% Visa Inc. (V) $69.49 +1.39% Goldman Sachs Group Inc. (GS) $209.12 +1.33% Cisco Systems Inc. (CSCO) $29.31 +1.24% International Business Machines Corp. (IBM) $172.07 +1.14% JP Morgan Chase & Co. (JPM) $66.47 +1.13% Home Depot Inc. (HD) $112.11 +1.06% Unitedhealth Group Inc. (UNH) $119.43 +1.01% Dow Jones I.A - Fallers Nike Inc. (NKE) $102.83 -0.57% Exxon Mobil Corp. (XOM) $85.10 -0.29% Chevron Corp. (CVX) $103.06 -0.22% American Express Co. (AXP) $80.13 -0.08% General Electric Co. (GE) $27.52 -0.00% Nasdaq 100 - Risers Broadcom Corp. (BRCM) $57.13 +21.40% Avago Technologies Ltd. (AVGO) $141.49 +7.76% Nvidia Corp. (NVDA) $21.84 +5.35% Vertex Pharmaceuticals Inc. (VRTX) $127.80 +4.22% Sandisk Corp. (SNDK) $69.01 +3.95% Viacom Inc. Class B (VIAB) $68.35 +3.65% Nxp Semiconductors Nv (NXPI) $110.68 +3.45% Micron Technology Inc. (MU) $28.13 +2.96% KLA-Tencor Corp. (KLAC) $59.97 +2.95% Texas Instruments Inc (TXN) $55.98 +2.60% Nasdaq 100 - Fallers Check Point Software Technologies Ltd. (CHKP) $83.81 -2.30% Keurig Green Mountain Inc (GMCR) $88.68 -1.31% Charter Communications Inc. (CHTR) $178.25 -0.85% Kraft Foods Group, Inc. (KRFT) $84.33 -0.79% Wynn Resorts Ltd. (WYNN) $103.55 -0.55% Sba Communications Corp. (SBAC) $112.74 -0.17% O'Reilly Automotive Inc. (ORLY) $222.56 -0.12% F5 Networks Inc. (FFIV) $125.96 -0.10% Wealth creation through asset backed investments... Take an alternative approach to investing with our latest high fixed return investment opportunity No annual fees, flexible investment periods and income paid quarterly Click here to find out more! Newspaper Round Up Thursday newspaper round-up: Broadcom, Thomas Cook, Bank of England According to The Wall Street Journal, chipmaker Broadcom is in "advanced talks" to be taken over by peer Avago Technologies in a deal worth $35m. Thomas Cook's former boss Harriet Green, who left the travel group in November, is to donate one third of her multimillion-pound share payout to a charity chosen by the parents of two children who died in a holiday resort in Corfu, The Times said. The Bank of England's former chief currency dealer, Martin Mallett, had reportedly been sent emails that "played a key role in the rigging of lending rates between banks", writes The Guardian. McDonald's is to stop reporting monthly sales figures from July as the fast-food chain continues its turnaround, writes The Wall Street Journal. US Treasury Secretary Jack Lew has said that a "blow-up" of the Greek debt crisis could cause financial reverberations across the world, writes The Times. Stocks in Japan were on track to notch their longest winning streak since the 1980s on Thursday as the yen fell to its lowest against the dollar since 2002, writes the Financial Times. The Nikkei was rising for the 10th straight day. Moves by Samsung to increase heir apparent Jay Y Lee's stake in the group "underscore corporate-governance concerns that critics say continue to plague South Korea", writes The Wall Street Journal. Tesco has been relegated out of the top 100 brand value league, according to research agency Millward Brown, following a tough year, The Guardian reports. It was ranked as the 17th most valuable global brand just five years ago. "Norway's $916bn oil fund will consider pulling billions of dollars of investments out of coal in a move that threatens European utilities using the fossil fuel to generate power," the Financial Times said.   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 unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

ADVFN Newsdesk - Markets Bank on Bargain Hunting to Stage a Rebound

ADVFN  World Daily Markets Bulletin Daily world financial news Wednesday, 27 May 2015 10:14:57    Monitor Quote Charts News Toplists Forex Boards   Sponsored by: VectorVest How to Analyze Any Stock in 30 Seconds (or Less) BUY, SELL or HOLD? Knowing which stocks to buy can be tough. But armed with the right tools, you can easily separate the winners from the losers. Watch this short video to see how fast and easy it can be to analyze your stocks and manage your portfolio! Watch This Video  US Market NYSE AMEX Dow Jones Nasdaq Please click on the images to view our interactive charts The major U.S. index futures are pointing to a higher opening on Wednesday, with sentiment reflecting a slight reversal following yesterday's steep retreat. After turning mixed earlier in the day, the dollar is on its way back to the upside. Commodities are extending their slide. Meanwhile, the European markets are seeing strength, courtesy a positive German consumer climate reading and abating concerns regarding Greece that have set in motion a wave of bargain hunting. Given the limited domestic trading cues for the session, markets could brace for an uneventful session unless bargain hunting supports them. U.S. stocks retreated sharply on Tuesday amid domestic rate hike worries and Greek concerns. The major averages opened lower and fell steadily until the mid-session, as traders digested a slew of domestic economic data. Thereafter, the averages moved roughly sideways before ending notably lower. The Dow Industrials ended down 190.48 points or 1.04 percent at 18,042, the S&P 500 Index closed 21.86 points or 1.03 percent lower at 2,104 and the Nasdaq Composite ended at 5,033, down 56.61 points or 1.11 percent. All thirty of the Dow components ended the session lower, with Apple (AAPL), Visa (V), United Technologies (UTX) and Chevron (CVX) among the biggest decliners. Among the sectors, transportation, resource, semiconductor and retail stocks came under intense selling pressure. On the economic front, the Commerce Department reported that durable goods orders fell 0.5 percent month-over-month in April following an upwardly revised 5.1 percent increase in March. The headline number was dragged down by transportation orders, which fell 2.5 percent. Excluding transportation, orders were up 0.5 percent. Non-defense capital goods orders, excluding aircraft and parts, were up 1 percent. A separate report showed that new home sales came in at a seasonally adjusted annual rate of 517,000 unit in April, up 6.8 percent from the previous month. The previous month's sales were upwardly revised to 484,000. Inventories measured in terms of months of supply fell to 4.8 months from 5.1 months. The median price of a new home rose 4.1 percent month-over-month and was 8.3 percent higher from the previous year. The Conference Board reported that its consumer confidence index rose to 95.4 in May from 94.3 in April, while economists had expected a reading of 95.1. The present situation index rose to 108.1 from 105.1, but the expectations index edged down to 86.9 from 87.1. The flash estimate of Markit's service sector PMI for the U.S. came in at 56.4 in May, roughly in line with the consensus estimate of 56.5 but down 57.8 in April. The results of two separate house price surveys released yesterday came in mixed. The S&P/Case- Shiller house price index rose a seasonally adjusted 1 percent month-over-month in March, ahead of the 0.9 percent increase expected by economists and the 0.9 percent increase in February. Annually, house prices were up an unadjusted 5 percent, the same as in the previous month but better than the 4.6 percent increase expected by economists. At the same time, the Federal Housing Finance Agency's house price index rose a less than expected 0.3 percent month-over-month. Sell These 7 Stocks Insiders are Dumping Warning signs are everywhere. Insider selling is at all-time highs, and the last time sentiment was this negative was in 2007, just before the stock market crashed. The 7 stocks on my list have particularly troubling red flags and stand to get hit the hardest.  If you own any of these 7 dangerous stocks, you must sell now! Click here to see the full list - free access until midnight. US Economic Reports CADUSD Oil Gold Allbanc Please click on the images to view our interactive charts US stock futures pointed to a slight rebound on Wednesday, as commodities staged a timid recovery. The Dow Jones Industrial Average was expected to open up 15 points, while the S&P 500 and the Nasdaq were set to begin the session two and three points higher respectively. Wall Street recorded a sharp selloff on Tuesday, with stocks and oil prices plunging, while the dollar continued to surge ahead. On Wednesday, the greenback reverses early losses to gain 0.49% against the yen, although it was broadly flat against both pound and euro. "Barring a change in Fed stance, I think the longer term trend in the dollar will now resume and we remain on course for euro and dollar to achieve parity in the fourth quarter," said Oanda's senior market analyst Craig Erlam. Oil prices edged slightly higher, with West Texas Intermediate climbing 0.46% higher to $58.30 a barrel, while Brent crude gained 0.20% to $63.85 a barrel. On Friday, the dollar rallied after comments from the Federal Reserve chairwoman, Janet Yellen, fuelled speculation that an interest rate hike this year might still be possible. However, Stanley Fischer, the Fed's vice president, said on Tuesday that the Fed will be wary of global growth when deciding its own monetary policy. "The US is edging towards an interest rate hike while over two dozen central banks around the world have cut rates, and this gives the doves in the Fed more wiggle room," said David Madden, IG's market analyst. In company news, property development group Toll Brothers edged 0.43% higher in pre-market trading after saying early on Wednesday that its second quarter earnings rose 4%. Jeweller and specialty retailer Tiffany & Co surged 6.40% ahead of the bell after reporting better-than-expected results and outlook. Luxury lifestyle group Michael Kors tumbled 9.72% ahead of the bell after its fourth quarter sales and revenue missed estimates, while Hormel Foods gained 4.66% after announcing late on Tuesday it will buy Applegate Farms for approximately $775m. Elsewhere, European stocks gained ground after Tuesday's selloff and Asia markets closed mixed, while there were no major economic releases ahead. 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The deal is expected to close within 60 days. Applegate generated sales of $340 million in 2015. The deal is expected to be neutral to Hormel's earnings in 2015 and accretive by 7-8 cents per share in 2016. Tiffany reported better than expected first quarter results. The company also said it expects minimal earnings per share growth in fiscal year 2015. Toll Brothers' second quarter earnings beat estimates, while its revenues were below expectations. Chico's FAS reported in line earnings per share for the first quarter, while its net sales missed estimates. The 21st Century's Industrial Revolution is Underway! Discover the shocking technology that's powering the next industrial revolution — and the 3 stocks that stand to benefit the most. Two of them have doubled since we first began covering this sector... and the other has more than TRIPLED. In this free report, we'll reveal all 3 stocks as well as one little-known way to play this trend that could change your net worth forever. Click Here to Download it Now. European Markets European stocks started on a firm note but have given back of their gains in early trading. The major averages in the region are currently higher. In corporate news, Dutch supermarket chain Ahold reported an underlying profit for the first quarter that trailed estimates despite sales rising strongly, aided by currency translation gains. A report from GfK indicated German consumer sentiment is poised to improve to its highest level in more than thirteen years in June, as strong domestic demand and low inflation boost growth prospects. The forward-looking consumer sentiment indictor compiled based on GfK's survey rose unexpectedly to 10.2 in June from 10.1 in May. This was the highest score since October 2001. Economists had forecast the indicator to fall slightly to 10.0 in June. Be The Boss of Your Own Money.  Be Type E*.  Sign Up with E*TRADE Now. Asian markets USDCAD USDEUR USDGBP USDJPY Please click on the images to view our interactive charts The major Asian markets ended mostly lower, although the Japanese, Chinese and Taiwanese markets advanced. The weakness in most markets came as the negative close on Wall Street overnight and fears of an early rate hike in the U.S. generated negative sentiment. Australia's All Ordinaries opened lower and fell further in the morning. Thereafter, the average moved roughly sideways at lower levels before ending down 46.20 points or 0.80 percent at 5,724. The market witnessed broad based weakness, with consumer staple, energy, healthcare, telecom and utility stocks coming under intense selling pressure. At the same time, IT stocks bucked the downtrend. Hong Kong's Hang Seng Index fell 168.65 points or 0.60 percent before ending at 28,081, while China's Shanghai Composite Index extended its run up and settled up 30.82 points or 0.63 percent at a fresh 7-year high of 4,942. The Japanese market drew strength from the yen's weakness, as the dollar traded above the 123 yen level in the Asian session. The Nikkei 225 Index languished mostly below the unchanged line until late afternoon trading. After recovering and holding above the unchanged line till late trading, the index saw some volatility before ending up 35.10 points or 0.17 percent at 20,473. Export stocks ended mostly to the upside and financial stocks also saw strength. On the other hand, energy, utility and real estate stocks declined. On the economic front, the minutes of the Bank of Japan's April 30th Monetary Policy Board meeting showed that members opine that the current monetary policy stance is appropriate. The bank noted that the underlying inflation trend was improving even as there was some debate about achieving the 2 percent inflation target. A report released by Westpac Bank and the Melbourne Institute showed that a leading economic indicators index for Australia rose 0.11 percent month-over-month to 98.17 in April, reversing some of the 0.3 percent drop in March. The value of construction work done in Australia fell 2.4 percent sequentially in the first quarter, according to a report released by the Australian Bureau of Statistics. Economists expected a more modest 1.4 percent drop. Meanwhile, the Chinese National Bureau of Statistics reported that profits of Chinese industrial enterprises rose for the first time in 6 months in April. Industrial profits rose 2.6 percent year-over-year following a 0.4 percent drop in March. New Study Shows How to Turn $5,000 Into $6.5 Million Recently, a small not-for-profit "think tank" based in Kansas City, Missouri quietly published a new study... The study monitored the investment activity of 539 millionaires... They've been growing their money 3x - 4x faster than the stock market for more than 17 years... And in this new report, we'll show how you can do the same: Click here to Download it Now Currency and Commodities Markets Crude oil futures are slipping $0.13 to $57.90 a barrel after tumbling $1.69 to $58.03 a barrel on Tuesday. Meanwhile, an ounce of gold is currently-trading at $1,185.60, down $1.30 from the previous session's close of $1,186.90. On Tuesday, gold fell $17.10. On the currency front, the U.S. dollar is trading at 123.71 yen compared to the 123.10 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.0848 compared to yesterday's $1.0873.     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. 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