Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Tuesday, 29 November 2016 09:14:01 Monitor Quote Charts News CFD's Compare Brokers Free BB   The Brexit Rollercoaster. Take your position for the trading ride of your life, at City Index. The Brexit effect means constant uncertainty. Will the pound be up or down? Are businesses feeling confident? At City Index you can trade FX from just 0.5 points. Seize the opportunity today. And hold on to your hat. Losses can exceed deposits. Trade now London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks edge lower as miners retreat Stocks in London edged lower in early trade, with mining issues pacing the decline amid falling metals prices, as investors continued to eye Wednesday's meeting of the Organization of Petroleum Exporting Countries. At 0830 GMT, the FTSE 100 was down 0.4% to 6,770.81. At the same time, oil prices retreated as non-OPEC Russia confirmed it will not attend the OPEC meeting in Vienna on Wednesday, although it said a meeting of the group and non-affiliated producers could take place at a later stage. West Texas Intermediate and Brent crude were down 1% to $46.53 and $47.78 a barrel, respectively. Spreadex's Connor Campbell said: "Bar the latest net lending to individuals reading (forecast to rise to ?4.8bn from ?4.7bn) the FTSE will likely struggle to find something as compelling as OPEC's machinations ahead of tomorrow's attempt at sealing an output cut deal. "Yesterday saw Brent crude sink towards $46 per barrel on to close around the $48 per barrel mark; this morning the black stuff has already looking a bit nervy, dipping half a percent, helping take 0.8% to 1% off BP and Shell in the process." In corporate news, BT Group edged lower after Ofcom ruled it must legally separate from its Openreach infrastructure arm due to its failure to satisfy the regulator's competition concerns. BT made a move late on Monday to try and prevent the enforced spin-off with the appointment of a former director of the telecoms regulator, Mike McTighe, as chairman of Opeanreach but this seems not to have proved sufficient. Merlin Entertainment was on the back foot after saying it expects to report "good profit growth" for the full year in line with expectations, revealing a strong Halloween for its resort parks but hinting at continued tougher trading at some other segments. FTSE 250 real estate investment trust Shaftesbury slipped after it posted a drop in profit for the year to the end of September but a rise in revenue, and expressed confidence in its outlook. On the upside, Countryside Properties gained ground as it reported a rise in full-year pre-tax profit and revenue and said 2016 was "another positive year" for the housebuilding sector. Pork and poultry producer Cranswick rallied after reporting a jump in first-half pre-tax profit and revenue. On the data front, UK net consumer credit and mortgage approvals are at 0930 GMT. In the US, the second release of third-quarter GDP is at 1330 GMT, while consumer confidence is at 1500 GMT. Complimentary Trading Guide - For Trading & Investing Are you looking for a simple to use, and rules based trading and investing strategy? Register for our Exclusive FREE guide, and learn our powerful “Sniper” strategy. This guide will show you: When to enter and exit trades The 3 rules you need to follow How to trade FX, Shares, Indices & Commodities Click here to Download your FREE trading and investing guide P.S. You will also receive our Chief Analyst’s post US Election market report. Market Movers FTSE 100 (UKX) 6,765.76 -0.50% FTSE 250 (MCX) 17,499.60 -0.11% techMARK (TASX) 3,267.98 -0.26% FTSE 100 - Risers Compass Group (CPG) 1,393.00p 0.94% Associated British Foods (ABF) 2,593.00p 0.82% Barratt Developments (BDEV) 468.40p 0.62% Centrica (CNA) 210.40p 0.48% Paddy Power Betfair (PPB) 8,480.00p 0.47% Barclays (BARC) 212.75p 0.40% Sky (SKY) 772.00p 0.39% Polymetal International (POLY) 772.50p 0.39% Micro Focus International (MCRO) 2,088.00p 0.34% Intu Properties (INTU) 269.70p 0.30% FTSE 100 - Fallers Antofagasta (ANTO) 703.50p -3.43% Marks & Spencer Group (MKS) 321.50p -2.58% Anglo American (AAL) 1,206.00p -2.51% BHP Billiton (BLT) 1,321.50p -2.44% Fresnillo (FRES) 1,248.00p -2.35% Rio Tinto (RIO) 3,067.00p -2.32% Direct Line Insurance Group (DLG) 346.00p -1.96% Glencore (GLEN) 279.80p -1.82% Royal Bank of Scotland Group (RBS) 193.20p -1.53% Randgold Resources Ltd. (RRS) 5,885.00p -1.34% FTSE 250 - Risers SSP Group (SSPG) 362.30p 6.00% Cranswick (CWK) 2,366.00p 3.54% Countryside Properties (CSP) 236.10p 2.65% OneSavings Bank (OSB) 328.50p 2.59% IP Group (IPO) 147.40p 2.43% PayPoint (PAY) 1,042.00p 2.36% Laird (LRD) 147.50p 1.86% Tate & Lyle (TATE) 694.00p 1.76% DFS Furniture (DFS) 216.40p 1.41% Morgan Advanced Materials (MGAM) 285.90p 1.38% FTSE 250 - Fallers Aberdeen Asset Management (ADN) 265.70p -3.31% Allied Minds (ALM) 359.20p -2.68% Centamin (DI) (CEY) 128.40p -2.43% Countrywide (CWD) 170.20p -2.30% Rank Group (RNK) 199.50p -2.21% Ashmore Group (ASHM) 278.70p -2.11% PZ Cussons (PZC) 302.10p -2.11% Auto Trader Group (AUTO) 395.70p -1.93% Brown (N.) Group (BWNG) 195.00p -1.81% UK Event Calendar Tuesday November 29 INTERIMS Acal, Chamberlin, Digital Barriers, Eckoh, GB Group, Hogg Robinson Group, IG Design Group, Motorpoint Group, Park Group, Torotrak, Versarien , VP INTERIM DIVIDEND PAYMENT DATE Panther Securities, Toyota Motor Corp. QUARTERLY EX-DIVIDEND DATE Canadian General Investments Ltd. INTERNATIONAL ECONOMIC ANNOUNCEMENTS Consumer Confidence (US) (15:00) Consumer Price Index (GER) (13:00) Personal Consumption Expenditures (US) (13:30) FINALS Countryside Properties, easyHotel, Gooch & Housego, ITE Group, Patisserie Holdings , Shaftesbury, SSP Group , Topps Tiles, Treatt AGMS Blancco Technology Group, CAP-XX Limited, City Natural Resources High Yield Trust, Mysale Group, Scotgold Resources (DI), Surface Transforms, Surface Transforms, Volta Finance Limited, Wolf Minerals Limited, Wolseley UK ECONOMIC ANNOUNCEMENTS Consumer Credit (09:30) M4 Money Supply (09:30) ADVFN CEO Interview Hurricane Energy Click here to find out more! Europe Market Report FTSE 100 Euronext Dax perf CAC 40 Europe open: Stocks waver, with basic resources under the cosh European stocks wavered in a tight range, with basic resources under pressure amid declining metals prices, as investors looked to Wednesday's meeting of the Organization of Petroleum Exporting Countries in Vienna. At 0845 GMT, the benchmark Stoxx Europe 600 index and Germany's DAX were down 0.3%, while France's CAC 40 was flat. At the same time, oil prices retreated as non-OPEC Russia confirmed it will not attend the OPEC meeting in Vienna on Wednesday, although it said a meeting of the group and non-affiliated producers could take place at a later stage. West Texas Intermediate and Brent crude were down 0.6% to $46.78 and $47.93 a barrel, respectively. David Morrison, senior market strategist at SpreadCo, said: "It's been a mixed start this morning for European equity markets but with a slightly negative tone. This follows on from last night's modest pull-back across US stock indices. "There's a feeling that the rally across risk assets is somewhat overdone and that a pull-back, or at least some consolidation, is in order. "In the meantime, all eyes are on the oil market which is proving particularly volatile. Crude is weaker in early trade. However, so far it has only given back a small proportion of yesterday's gains. Traders are busy positioning themselves for tomorrow's key OPEC meeting in Vienna. This is when the 14-member cartel attempts to agree production cuts. There are also hopes that non-OPEC producers such as Russia will also agree to curb output in order to support the oil price. However, everything appears to hinge on whether Saudi Arabia will agree to the exemption demanded by Iran." Basic resources were among the worst performers, with the Stoxx 600 sub-index for the sector down 1.9% as metals prices fell. In corporate news, Actelion surged following a report the Swiss biotech company was not actively considering selling itself but rather weighing a deal to link up with Johnson & Johnson. Deutsche Lufthansa was on the back foot after it lost a German court bid to prevent pilots from resuming strikes on Tuesday in a labour dispute that has caused thousands of flight cancellations this month. BT Group edged lower after Ofcom ruled it must legally separate from its Openreach infrastructure arm due to its failure to satisfy the regulator's competition concerns. BT made a move late on Monday to try and prevent the enforced spin-off with the appointment of a former director of the telecoms regulator, Mike McTighe, as chairman of Opeanreach but this seems not to have proved sufficient. Q4 Top 10 Stock Picks Moving into the final quarter of the year, a packed events calendar is going to create opportunities aplenty for investors, and we've highlighted the top 10 stocks we believe could outperform the market in Q4. Download this report today Losses can exceed deposits US Market Report US close: Stocks end in the red after recent winning streak US stocks ended lower on Monday, pulling back from the record highs hit last week, with oil prices firmly in focus ahead of a meeting of the Organization of the Petroleum Exporting Countries on Wednesday. The Dow Jones Industrial Average ended down 0.3%, the S&P 500 fell 0.5% and the Nasdaq closed 0.6% lower, easing back after the main indices closed higher for the third consecutive week last Friday as investors bet that Donald Trump's plans to boost infrastructure and loosen regulation would underpin the economy. Meanwhile, oil prices settled higher, bouncing back from the heavy losses suffered after Saudi Arabia said on Friday that it wouldn't meet with non-OPEC Russia ahead of the OPEC summit in Vienna as originally planned. The meeting was called off after Saudi Arabia, which is the world's largest oil producer, said it wouldn't attend unless there was "a clear decision from OPEC" on production cuts. West Texas Intermediate was up 1.8% at $46.90 a barrel and Brent crude was 1.7% firmer at $48.04, as investors eyed Wednesday's OPEC meeting, with sentiment getting a boost after Iraqi oil minister Jabar al-Luaibi said he was "optimistic" OPEC would reach an agreement that is acceptable to all this week. IG's Chris Beauchamp said: "It's only Monday but already we know how the week will go. Oil has been the main driver today, with the price of the commodity seeing plenty of ebb and flow depending on the latest headline crossing the wires. "Oil traders will need nerves of steel and vast reserves of sanity to weather the storm, but the impact of what comes out of OPEC's get-together this week is likely to be felt across a range of markets." In currency markets, the dollar mostly eased back against its rivals, taking a breather after hitting 13-year highs last week, as investors booked some profits ahead of a data-packed week. The greenback was 0.5% firmer against the pound, but flat versus the euro and 1% lower against the yen. In corporate news, Time Inc surged following reports the publisher has rejected a takeover bid from billionaire investor Edgar Bronfman Jr. Schlumberger nudged lower after the oil driller signed a preliminary deal to study an Iranian oil field, while bookseller Barnes & Noble was on the back foot after announcing a 15% discount on online orders as part of Cyber Monday. Samsung Electronics bucked the trend following reports it is considering splitting into two companies. S&P 500 - Risers Cognizant Technology Solutions Corp. (CTSH) $56.95 +6.95% NRG Energy Inc. (NRG) $11.55 +5.48% Newmont Mining Corp. (NEM) $33.45 +4.79% Public Service Enterprise Group Inc. (PEG) $42.80 +3.26% Consolidated Edison Inc. (ED) $72.65 +2.82% AES Corp. (AES) $11.94 +2.67% Wisconsin Energy Corp. (WEC) $58.04 +2.62% PPL Corp. (PPL) $34.15 +2.49% Exelon Corp. (EXC) $33.39 +2.49% PG&E Corp. (PCG) $60.74 +2.45% S&P 500 - Fallers H&R Block Inc. (HRB) $21.82 -9.01% Vulcan Materials Co. (VMC) $124.59 -5.66% Tenet Healthcare Corp. (THC) $15.41 -4.99% Pioneer Natural Resources Co. (PXD) $173.03 -4.86% Marathon Oil Corp. (MRO) $15.54 -4.55% Martin Marietta Mtrl (MLM) $216.32 -3.99% Chesapeake Energy Corp. (CHK) $6.34 -3.79% Devon Energy Corp. (DVN) $42.65 -3.57% Newfield Exploration Co (NFX) $39.83 -3.49% Urban Outfitters Inc. (URBN) $32.41 -3.43% Dow Jones I.A - Risers McDonald's Corp. (MCD) $121.82 +0.96% Verizon Communications Inc. (VZ) $51.12 +0.89% International Business Machines Corp. (IBM) $164.52 +0.85% Coca-Cola Co. (KO) $41.75 +0.53% Travelers Company Inc. (TRV) $113.81 +0.32% Intel Corp. (INTC) $35.51 +0.20% Walt Disney Co. (DIS) $98.97 +0.15% Microsoft Corp. (MSFT) $60.61 +0.13% Dow Jones I.A - Fallers Visa Inc. (V) $79.08 -1.31% American Express Co. (AXP) $72.13 -1.00% Nike Inc. (NKE) $51.01 -0.99% Caterpillar Inc. (CAT) $94.90 -0.95% Johnson & Johnson (JNJ) $113.13 -0.88% Exxon Mobil Corp. (XOM) $86.47 -0.75% Home Depot Inc. (HD) $130.64 -0.71% Merck & Co. Inc. (MRK) $61.80 -0.66% JP Morgan Chase & Co. (JPM) $78.32 -0.65% General Electric Co. (GE) $31.25 -0.60% Nasdaq 100 - Risers Cognizant Technology Solutions Corp. (CTSH) $56.95 +6.95% NetEase Inc. Ads (NTES) $231.78 +2.07% Baidu Inc. (BIDU) $167.00 +1.56% Yahoo! Inc. (YHOO) $41.45 +1.42% JD.com, Inc. (JD) $25.83 +1.14% Western Digital Corp. (WDC) $62.27 +1.10% Walgreens Boots Alliance, Inc. (WBA) $85.35 +1.09% Monster Beverage Corp (MNST) $45.29 +0.98% Alphabet Inc. Class C (GOOG) $768.24 +0.86% Seagate Technology Plc (STX) $39.37 +0.77% Nasdaq 100 - Fallers Mattel Inc. (MAT) $31.49 -2.81% Vodafone Group Plc ADS (VOD) $24.53 -2.62% Liberty Interactive Corporation - Series A Liberty Ventures (LVNTA) $39.01 -2.50% Incyte Corp. (INCY) $105.17 -2.38% Viacom Inc. Class B (VIAB) $36.79 -2.26% Regeneron Pharmaceuticals Inc. (REGN) $390.38 -1.95% TripAdvisor Inc. (TRIP) $50.18 -1.93% Liberty Interactive Corporation QVC Group (QVCA) $21.71 -1.81% Amazon.Com Inc. (AMZN) $766.77 -1.74% QUALCOMM Inc. (QCOM) $67.10 -1.74% Discover a new way to trade with eToro Trade 1000s of markets independently, connect with millions of other traders and copy top performing traders move-for-move. Click Here Newspaper Round Up Tuesday newspaper round-up: 'Have cake', South Korea, Rio Tinto, BP Britain's Brexit negotiating stance is to "have cake and eat it", according to handwritten notes mistakenly shown after a meeting between Tory MPs and senior figures in Whitehall yesterday. The EU negotiating team is "very French", and France itself is "likely to be the most difficult" over talks. The deal will not resemble that of Norway but could instead look like "Canada Plus". - The Times Mario Draghi, the president of the European Central Bank (ECB), has urged the British government to disclose more information about its plans to leave the EU. He told the European parliament's committee on economic and monetary affairs that the UK should address the uncertainty over how Brexit will play out. - Guardian South Korea's embattled President Park Geun-hye said on Tuesday that she is willing to relinquish power, asking parliament to come up with a way for stable regime change, amid growing calls for her resignation over a mounting corruption scandal that has riveted the nation. Ms Park said she would step down according to a schedule agreed by lawmakers to minimise a leadership vacuum. "I'll leave everything about my future to parliament including shortening my term," she said in a televised address. - Financial Times The UK is to ratify plans to create a patent court that will span the European Union, in a move that will spur speculation the Government is preparing for a soft Brexit with close ties to the EU. It had been widely expected that Britain would pull out of plans to create a single European patent system in the wake of the June vote to leave the EU; the new system will have to accept rulings issued by the European Court of Justice in Luxembourg. - Telegraph The US Securities and Exchange Commission is examining the timing of $3bn of impairment charges that Rio Tinto booked on a disastrous Mozambique coal deal, sources close to the company have confirmed. The Anglo-Australian miner was already facing scrutiny from US regulators when it contacted law enforcement authorities this month about a questionable payment made to a consultant operating in Guinea. - Financial Times The North Sea oil and gas industry is showing tentative signs of revival after energy giant BP announced it was buying new exploration interests and scaling up its drilling plans. Exploratory drilling has slumped globally as oil majors slash their spending following the oil price crash. The North Sea, as one of the highest cost regions, has been hard hit. - Telegraph Britain is exporting electricity to France for the first time in four years after safety concerns forced the closure of 12 French nuclear reactors. The turnaround in demand is helping to drive up prices in the UK and elsewhere, according to the Rseau de Transport d'Elctricit (RTE), the French grid operator. - The Times Amazon accounted for more than a quarter of all warehouse space rented in the UK this year, as the online giant continues to ramp up its operations. Such was Amazon's dominance in the market that it was behind 82pc of deals done with online retailers in 2016, research from property agency Savills has found. - Telegraph BT has appointed a former Ofcom director as the first chairman of its Openreach business in a bid to make the network division more independent and avoid being forced to spin it off. Mike McTighe, who spent eight years on the board of the communications industry regulator before stepping down last year, will join Openreach in January, BT announced last night. - Telegraph Philip Clarke, the former boss of Tesco, will not face any charges from the Serious Fraud Office over the accounting scandal at the retailer. The SFO is understood to have told Mr Clarke that there is "insufficient evidence to provide a realistic prospect of conviction" over his alleged role in the 263 million black hole discovered in Tesco's accounts in 2014. - The Times A management consultancy firm that provided experts to a government agency has been accused by MPs of "potential sharp practices" that resulted in the cancellation of a 19m government contract. PA Consulting was also blamed by a parliamentary committee on Monday of breaches of corporate governance after appearing to mislead the government agency UK Trade and Investment when providing trade specialists to attract overseas investors. - Guardian The number of first-time buyers purchasing homes in the UK reached a record high in October. The National Association of Estate Agents said that a third of sales registered at its members' branches were to first-time buyers, a 9 per cent rise from September and the highest figure since the association started compiling the data in 2000. - The Times   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE To advertise in the Euro Markets Bulletin please contact advertise@advfn.com     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

Evening Euro Markets Bulletin

ADVFN III Evening Euro Markets Bulletin Daily world financial news Monday, 28 November 2016 19:16:32 Monitor Quote Charts News CFD's Compare Brokers Free BB   The Brexit Rollercoaster. Take your position for the trading ride of your life, at City Index. The Brexit effect means constant uncertainty. Will the pound be up or down? Are businesses feeling confident? At City Index you can trade FX from just 0.5 points. Seize the opportunity today. And hold on to your hat. Losses can exceed deposits. Trade now London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: Banks weaken ahead of BoE stress tests Stocks in London fell on Monday, dragged lower by weakness in the banking sector, as investors continued to keep an eye on oil ahead of the Organization of Petroleum Exporting Countries meeting later in the week. At the closing bell, the FTSE 100 was down 0.6% or 41.28 points at 6,799.47. In terms of sectors, bank stocks were on the back foot ahead of the Bank of England's stress tests on Wednesday, with RBS, Lloyds, Barclays, HSBC and Standard Chartered all in the red. The Bank of England was scheduled to publish the results of its 2016 bank stress tests on Wednesday, alongside its biannual Financial Stability Report. Some lenders might be set to fail this year because the tests had been made harder, Samuel Tombs, chief UK economist at Pantheon Macroeconomics said. To take note of, recent market events such as the large drop in the value of Sterling since Brexit had not been taken into account, Tombs added. The 2016 edition of the BoE´s tests assessed whether lenders could survive a 10% drop in the UK´s gross domestic product when compared with the BoE´s own baseline forecasts, together with a jump in the unemployment rate to 9.5%. Sharp falls in Italian bank stocks - amid concerns the country's upcoming referendum on constitutional reform could precipitate the fall of Prime Minister Renzi's government - also weighed on UK peers. Meanwhile, crude oil futures had bounced back vigorously, with Brent crude up 2.64% to $48.52 a barrel. Prices had fallen sharply on Friday after Saudi Arabia said it wouldn't meet with non-OPEC Russia ahead of the cartel's summit in Vienna as originally planned. However, on Monday afternoon Iraqi oil minister Jabar Ali al-Luaibi said he was "optimistic" that OPEC would be able to reach a deal when it met on Wednesday. IG's Chris Beauchamp said: "It's hard to feel sorry for OPEC, since they always seem to be the authors of their own misery. Having studiously managed, against all expectations, to get their ducks in a row and agree to some outwardly-impressive production freezes, they have now apparently blown apart this tenuous consensus. "Rising oil prices thanks to the freeze have convinced some that the bad times are over, and that now they can go back to the good old days of arguing over market share. If they fail to come up with a new deal this week, OPEC will have, once again, snatched defeat from the jaws of victory." Elsewhere, JD Sports Fashion rallied as it acquired outdoor pursuits retail chain Go Outdoors for £128.3m from owners that include private equity group 3i. Antofagasta edged higher after agreeing to sell the Michilla mine to Chilean mining group Haldeman Mining Company for up to $52m following the closure of the mine at the end of last year. Aberdeen Asset Management retreated even after its annual results printed in line with expectations and the company maintained its dividend. Homewares retailer Dunelm ticked up after agreeing to buy the assets of the WS Group - which owns Worldstores, Achica and Kiddicare - for £8.5m. Capital & Counties Properties was also on the front foot as it said it is on track to hit its estimated rental value target of £100m at Covent Garden by December next year as leasing activity has been positive. Grainger advanced after agreeing to buy a private rented sector build-to-rent development in Bristol for £45.7m. On the downside, Tesco fell following a report in The Times that investigators are looking into whether Tesco Bank ignored a warning about a security flaw in its payment system that allowed fraudsters to steal millions of pounds from the accounts of thousands of its customers. Complimentary Trading Guide - For Trading & Investing Are you looking for a simple to use, and rules based trading and investing strategy? Register for our Exclusive FREE guide, and learn our powerful “Sniper” strategy. This guide will show you: When to enter and exit trades The 3 rules you need to follow How to trade FX, Shares, Indices & Commodities Click here to Download your FREE trading and investing guide P.S. You will also receive our Chief Analyst’s post US Election market report. Market Movers FTSE 100 (UKX) 6,799.47 -0.60% FTSE 250 (MCX) 17,518.34 -0.48% techMARK (TASX) 3,276.64 -0.80% FTSE 100 - Risers Randgold Resources Ltd. (RRS) 5,965.00p 4.28% Fresnillo (FRES) 1,278.00p 3.73% Polymetal International (POLY) 769.50p 3.22% Centrica (CNA) 209.00p 2.60% SSE (SSE) 1,495.00p 2.12% United Utilities Group (UU.) 907.50p 1.45% Bunzl (BNZL) 2,065.00p 1.13% Rolls-Royce Holdings (RR.) 672.50p 0.98% Intertek Group (ITRK) 3,250.00p 0.96% Severn Trent (SVT) 2,231.00p 0.90% FTSE 100 - Fallers Next (NXT) 4,820.00p -2.65% Royal Bank of Scotland Group (RBS) 196.20p -2.63% BT Group (BT.A) 350.30p -2.38% Sky (SKY) 769.00p -2.29% CRH (CRH) 2,658.00p -1.96% Burberry Group (BRBY) 1,408.00p -1.95% Paddy Power Betfair (PPB) 8,440.00p -1.92% Vodafone Group (VOD) 195.25p -1.86% Royal Dutch Shell 'B' (RDSB) 2,072.00p -1.85% Schroders (SDR) 2,819.00p -1.74% FTSE 250 - Risers Capital & Counties Properties (CAPC) 285.60p 8.06% JD Sports Fashion (JD.) 332.50p 4.10% AO World (AO.) 171.00p 3.64% CYBG (CYBG) 280.60p 3.28% Hochschild Mining (HOC) 215.50p 3.01% Thomas Cook Group (TCG) 82.35p 2.43% Marston's (MARS) 135.70p 2.26% Centamin (DI) (CEY) 131.90p 2.09% Lancashire Holdings Limited (LRE) 650.00p 1.96% Pennon Group (PNN) 833.00p 1.96% FTSE 250 - Fallers Man Group (EMG) 118.10p -4.60% Pets at Home Group (PETS) 213.40p -4.45% Evraz (EVR) 243.80p -4.16% Laird (LRD) 144.80p -4.11% Aberdeen Asset Management (ADN) 274.80p -3.95% International Personal Finance (IPF) 278.90p -3.69% Ashmore Group (ASHM) 284.70p -3.62% Halma (HLMA) 936.50p -3.45% Inmarsat (ISAT) 709.00p -3.41% ADVFN CEO Interview Hurricane Energy Click here to find out more! US Market Report US open: Stocks a little weaker as investors keep an eye on oil US stocks edged lower in early trade, pulling back from the record highs hit last week, with oil prices firmly in focus ahead of a meeting of the Organization of the Petroleum Exporting Countries on Wednesday. At 1525 GMT, the Dow Jones Industrial Average and the S&P 500 were both down 0.3%, while the Nasdaq was off 0.2%. Meanwhile, oil prices were higher, bouncing back from the heavy losses suffered after Saudi Arabia said on Friday that it wouldn't meet with non-OPEC Russia ahead of the OPEC summit in Vienna as originally planned. The meeting was called off after Saudi Arabia, which is the world's largest oil producer, said it wouldn't attend unless there was "a clear decision from OPEC" on production cuts. West Texas Intermediate and Brent crude were up 2.2% to $47.09 barrel and $48.28, respectively, as investors eyed Wednesday's OPEC meeting, with sentiment getting a boost after Iraqi oil minister Jabar al-Luaibi said he was "optimistic" OPEC would reach an agreement that is acceptable to all this week. CMC Markets said: "Overall, it looks like the Saudis are prepared to cut but want Russia, Iran and Iraq to cut as well not just freeze production. For the last several months Oil has been trading in a $40-50 range. Currently it's sitting near the middle but whether we end up with a deal or not could send oil to one end of the range or the other later in the week." In currency markets, the dollar mostly eased back against its rivals, taking a breather after hitting 13-year highs last week, as investors booked some profits ahead of a data-packed week. The greenback was 0.5% firmer against the pound, but flat versus the euro and 0.7% lower against the yen. In corporate news, Time Inc surged following reports the publisher has rejected a takeover bid from billionaire investor Edgar Bronfman Jr. Schlumberger was a touch weaker after the oil driller signed a preliminary deal to study an Iranian oil field, while bookseller Barnes & Noble was on the back foot after announcing a 15% discount on online orders as part of Cyber Monday. Samsung Electronics bucked the trend following reports it is considering splitting into two companies. There are no US data releases of note due on Monday. Q4 Top 10 Stock Picks Moving into the final quarter of the year, a packed events calendar is going to create opportunities aplenty for investors, and we've highlighted the top 10 stocks we believe could outperform the market in Q4. Download this report today Losses can exceed deposits Broker Tips Broker tips: Man Group, Restaurant Group, TalkTalk Man Group slumped as Exane BNP Paribas downgraded the stock to 'neutral' from 'outperform'. "We see scope for a slowdown in flows as a consequence of flagging performance at AHL and at GLG. Performance issues are also likely to impact the long term outlook for management fee margins." The bank said the continued sluggish fund performance, impacting the outlook for performance fees and fund flows, prompts material downgrades to its earnings expectations, adding that the amount of surplus capital for materially accretive deals is limited. Exane cut its earnings per share estimates for FY16 by 15% and for FY17 by 27% as it pointed to lower performance fees, negative performance contribution in the fourth quarter, softer Q4 flow expectations and the stronger US dollar. "We estimate that AHL Diversified is down -8.1% year-to-date, AHL Alpha -3.5% YTD and AHL Dimension - 3.9% YTD. "While the relative performance (second quartile) is still decent, this is a bleaker picture than at the half-year results when the same funds were up +5.4%, +0.6% and +0.1% respectively." Exane highlighted Man Group's acquisition of Aalto Invest and said that while it is a good, well-structured deal, there is limited near-term earnings contribution. Exane has a 120p price target on the stock. HSBC initiated coverage of Restaurant Group at 'reduce' with a 290p price target, saying there is a gap between the current share price and the likely pace of recovery at the company. The bank pointed out that Restaurant Group was one of the UK's most successful restaurant operators for almost a decade, but recent issues caused by pushing hard on prices, inconsistent service levels and a confused proposition have resulted in a series of profit warnings. "Now, with a new management team in place, a recovery plan is taking shape, although the path is likely to be bumpy given that the restaurant operator has experienced a breadth of issues, along with near term cost and competitive headwinds also working against them. "Given management's recovery plan, we expect the decline in like-for-like sales to ease over the next two years, though turning around the leisure estate will not be easy to do." The bank - whose forecasts are 20% lower than consensus - expects full-year 2017 pre-tax profit to struggle to match 2016 due to food price inflation, the national living wage, a weaker pound and rising competition. HSBC expects LFL sales to remain negative until 2018, recovering thereafter. "Several industry experts and consultants are even more cautious on the timeline to recovery as the competition command greater brand presence which could eat into Restaurant Group's lunch," it said. TalkTalk was under pressure as Citigroup cut its price target on the stock to 150p from 230p and kept the stock at 'neutral' saying it was still too risky. The bank said the fall in the target was due to cutting cash flow forecasts given lower earnings before interest, taxes, depreciation and amortisation and higher capex, and as it takes into account higher net debt coming into the forecast period. Citi said TalkTalk's first-half results showed net debt continuing to rise rapidly while revenue fell and shifted further into wholesale, undermining gross margin. It pointed out that the group was forced to add a £75m receivables purchase agreement to improve its facilities headroom but noted the majority of its credit arrangements expire within three years. "A lot now rests on its October consumer relaunch of more competitive plans for new customers alongside a chunky price rise for the base. We expect the dividend to halve year-on-year in FY18 and see downside risk to consensus." Discover a new way to trade with eToro Trade 1000s of markets independently, connect with millions of other traders and copy top performing traders move-for-move. Click Here   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE To advertise in the Euro Markets Bulletin please contact advertise@advfn.com     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49

Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Monday, 28 November 2016 09:45:00 Monitor Quote Charts News CFD's Compare Brokers Free BB   Think You Know The Markets? PROVE IT Put your trading knowledge to the test at City Index. Whatever’s happening out there, we’ll make sure you’re ready to seize the opportunity, with expert analysis and our award winning platforms. The rest is up to you. Losses can exceed deposits. Trade now London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks in the red as OPEC deal hopes fade Stocks in London fell in early trade as investors looked to a meeting of the Organization of the Petroleum Exporting Countries in Vienna on Wednesday amid doubts about whether the cartel will agree a deal to cut output. At 0825 GMT, the FTSE 100 was down 0.7% to 6,794.53. Meanwhile, oil prices were under pressure as Saudi Arabia said it won't meet with non-OPEC Russia ahead of the OPEC summit in Vienna as originally planned. Saudi Arabia, which is the world's largest oil producer, said on Friday that it wouldn't attend the meeting unless there was "a clear decision from OPEC" on production cuts. West Texas Intermediate was down 1% to $45.59 a barrel while Brent crude was 1% weaker at $46.78. Spreadex's Connor Campbell said: "With little on the economic agenda this Monday investors looked to the rest of the week for guidance this morning. "Chief of these more macro concerns was OPEC's meeting on Wednesday, the prospect of which has caused another near 1% slide from Brent Crude. That is because hopes for an output deal have once again sunk after Saudi Arabia pulled out of a meeting with non-OPEC members, with the country also suggesting that since it expects 'demand to recover in 2017' a cut may not be needed." Royal Dutch Shell was down 1.9% and BP shares dropped 1.4%. Elsewhere, JD Sports Fashion rallied as it acquired outdoor pursuits retail chain Go Outdoors for £128.3m from owners that include private equity group 3i. Antofagasta edged higher after agreeing to sell the Michilla mine to Chilean mining group Haldeman Mining Company for up to $52m following the closure of the mine at the end of last year. Aberdeen Asset Management was a high riser after its annual results came in in line with expectations and the company maintained its dividend. Homewares retailer Dunelm ticked up after agreeing to buy the assets of the WS Group - which owns Worldstores, Achica and Kiddicare - for £8.5m. Capital & Counties Properties was also on the front foot as it said it is on track to hit its estimated rental value target of £100m at Covent Garden by December next year as leasing activity has been positive. Grainger was little changed after agreeing to buy a private rented sector build-to-rent development in Bristol for £45.7m. On the downside, Tesco fell following a report in The Times that investigators are looking into whether Tesco Bank ignored a warning about a security flaw in its payment system that allowed fraudsters to steal millions of pounds from the accounts of thousands of its customers. Complimentary Trading Guide - For Trading & Investing Are you looking for a simple to use, and rules based trading and investing strategy? Register for our Exclusive FREE guide, and learn our powerful “Sniper” strategy. This guide will show you: When to enter and exit trades The 3 rules you need to follow How to trade FX, Shares, Indices & Commodities Click here to Download your FREE trading and investing guide P.S. You will also receive our Chief Analyst’s post US Election market report. Market Movers FTSE 100 (UKX) 6,802.56 -0.56% FTSE 250 (MCX) 17,555.47 -0.27% techMARK (TASX) 3,295.23 -0.24% FTSE 100 - Risers Fresnillo (FRES) 1,265.00p 2.68% Randgold Resources Ltd. (RRS) 5,815.00p 1.66% Polymetal International (POLY) 754.50p 1.21% Antofagasta (ANTO) 728.50p 0.83% Glencore (GLEN) 285.35p 0.72% Bunzl (BNZL) 2,051.00p 0.44% Rio Tinto (RIO) 3,125.00p 0.39% National Grid (NG.) 926.90p 0.38% Mondi (MNDI) 1,635.00p 0.31% Anglo American (AAL) 1,239.00p 0.28% FTSE 100 - Fallers Royal Bank of Scotland Group (RBS) 196.90p -2.28% Royal Dutch Shell 'B' (RDSB) 2,076.50p -1.63% Royal Dutch Shell 'A' (RDSA) 1,980.50p -1.52% Sky (SKY) 775.50p -1.46% BP (BP.) 448.60p -1.40% Standard Life (SL.) 341.30p -1.30% Barclays (BARC) 212.75p -1.28% Tesco (TSCO) 209.65p -1.20% Lloyds Banking Group (LLOY) 58.09p -1.16% Morrison (Wm) Supermarkets (MRW) 216.70p -1.14% FTSE 250 - Risers Aberdeen Asset Management (ADN) 298.10p 4.19% IP Group (IPO) 151.00p 2.30% Softcat (SCT) 304.50p 2.11% Centamin (DI) (CEY) 131.50p 2.02% NCC Group (NCC) 198.00p 1.96% CYBG (CYBG) 277.00p 1.95% Redefine International (RDI) 37.38p 1.85% Millennium & Copthorne Hotels (MLC) 436.40p 1.82% Rank Group (RNK) 206.50p 1.77% Ted Baker (TED) 2,634.00p 1.35% FTSE 250 - Fallers Man Group (EMG) 119.20p -3.72% Pets at Home Group (PETS) 215.00p -3.46% Halma (HLMA) 942.00p -2.89% Synthomer (SYNT) 349.10p -2.51% Tullow Oil (TLW) 266.00p -2.46% Amec Foster Wheeler (AMFW) 401.10p -2.10% TalkTalk Telecom Group (TALK) 152.90p -1.99% Stagecoach Group (SGC) 200.00p -1.96% Hunting (HTG) 510.00p -1.92% UK Event Calendar Monday November 28 INTERIMS D4T4 Solutions, Kainos Group , Trakm8 Holdings INTERIM DIVIDEND PAYMENT DATE Datatec Ltd. (DI), ITV INTERNATIONAL ECONOMIC ANNOUNCEMENTS Business Climate Indicator (EU) (10:00) Consumer Confidence (EU) (10:00) Economic Sentiment Indicator (EU) (10:00) Import Price Index (GER) (07:00) Industrial Confidence (EU) (10:00) M3 Money Supply (EU) (09:00) Q3 PJSC Centre For Cargo Container Traffic Transcontainer GDR (Reg S) AGMS Manchester & London Investment Trust, Petra Diamonds Ltd.(DI) TRADING ANNOUNCEMENTS Capital & Counties Properties FINAL DIVIDEND PAYMENT DATE El Oro Ltd, SCS Group ADVFN CEO Interview Hurricane Energy Click here to find out more! US Market Report US close: Gains for defensives send Wall Street to fresh record highs All four of Wall Street´s main stock market indices notched up fresh record highs in a shortened session following the Thanksgiving break, although it was defensive issues that paced the advance. The Dow Jones Industrial Average jumped 0.36% or 68.96 points to 19,152.14 points, the S&P 500 leapt 0.39% or 8.63 points to end at 2,213.35 points, and the Nasdaq Composite added 0.34% to 5,398.92 points, although the day´s dealings transpired amid very low trading volumes. The best performing industrial groups were: Water (2.48%), Gas distribution (1.82%) and Utilities (1.42%), even as benchmark 10-year US Tresury note yields nudged higher by one basis point to 2.36%, although they did close near their lows for the day. Connor Campbell, financial analyst at Spreadex, said: "weighed down by turkey, US investors couldn't really bring much to the table this Friday, bar another smashed ceiling for the Dow Jones. "The Dow now sits just under 19,150, a fresh record high that marks a 1,200 point rise since the day the election results were announced. "In, and of itself, that is astonishing, the fact it comes following the biggest political shock in decades and before a near certain rate hike from the Federal Reserve is something else entirely." In commodity markets, gold on Comex declined a further 0.53% to $1,186.10 per troy ounce. Oil prices went into reverse as uncertainty ticked up in the run-up to the 30 November OPEC meeting where the cartel is expected to agree on a production cut. Reuters reported that Saudi had told OPEC it would not attend a technical meeting with non-member producing countries scheduled for 28 November, indicating a more effective approach would be if the cartel´s members first reached an understanding among themselves. Brent crude was down 4.23% to $47.00 per barrel and West Texas Intermediate skidded 4.17% to $45.96. The US spot dollar index meanwhile fell back 0.27% to 101.42. Fed gets 'green light', Markit says On the data front, October wholesale inventories were estimated at an end-of-month seasonally adjusted level of $586.9bn, which was down 0.4% from September and fell 0.5% from October 2015. Analysts had expected a 0.3% rise. Markit's services purchasing managers' index slipped to 54.7 in November from 54.8 October. A reading above 50 indicates an expansion. Chris Williamson, chief business economist at IHS Markit, said: "The November PMI surveys provide the first snapshot of US business conditions in the wake of the surprise election result, and show a reassuring picture of sustained solid economic expansion and hiring. "With businesses in the vast service sector also showing improved confidence about the year ahead as election uncertainty cleared, the surveys give a clear green light for the Fed to hike interest rates in December." Switzerland on Healthcare giant´s Black Friday list As Black Friday got underway, shares in Amazon, Alibaba and Walmart jumped as half of sales are expected to occur online. Shares in Johnson & Johnson edged higher even after it confirmed it had made a takeover bid for Swiss drug maker Actelion. Dow Jones - Risers Cisco Systems Inc. (CSCO) $30.07 1.21% Coca-Cola Co. (KO) $41.53 1.00% Procter & Gamble Co. (PG) $83.46 0.94% Johnson & Johnson (JNJ) $114.13 0.94% E.I. du Pont de Nemours and Co. (DD) $70.97 0.93% Merck & Co. Inc. (MRK) $62.21 0.92% Verizon Communications Inc. (VZ) $50.67 0.88% Pfizer Inc. (PFE) $31.69 0.86% 3M Co. (MMM) $173.49 0.72% International Business Machines Corp. (IBM) $163.14 0.72% Dow Jones - Fallers Unitedhealth Group Inc. (UNH) $152.81 -0.48% Goldman Sachs Group Inc. (GS) $211.38 -0.44% Caterpillar Inc. (CAT) $95.81 -0.38% JP Morgan Chase & Co. (JPM) $78.83 -0.04% American Express Co. (AXP) $72.86 -0.03% Chevron Corp. (CVX) $111.00 0.00% Boeing Co. (BA) $150.04 0.20% Microsoft Corp. (MSFT) $60.53 0.22% Exxon Mobil Corp. (XOM) $87.12 0.23% Home Depot Inc. (HD) $131.57 0.27% S&P 500 - Risers First Solar Inc. (FSLR) $30.59 2.74% Cognizant Technology Solutions Corp. (CTSH) $53.25 2.68% Amer Water Works (AWK) $74.36 2.58% AES Corp. (AES) $11.63 2.56% NiSource Inc. (NI) $22.14 2.31% Rockwell Collins Inc. (COL) $92.96 2.27% CMS Energy Corp. (CMS) $40.60 2.22% HP Inc (HPQ) $15.18 2.08% Entergy Corp. (ETR) $69.53 2.07% FirstEnergy Corp. (FE) $32.14 2.06% S&P 500 - Fallers Marathon Oil Corp. (MRO) $16.28 -2.98% Diamond Offshore Drilling Inc. (DO) $16.87 -2.93% Gap Inc. (GPS) $25.57 -2.33% Urban Outfitters Inc. (URBN) $33.56 -2.20% FMC Technologies Inc. (FTI) $33.98 -2.10% Pioneer Natural Resources Co. (PXD) $181.87 -1.96% Anadarko Petroleum Corp. (APC) $63.75 -1.92% Cabot Oil & Gas Corp. (COG) $22.86 -1.89% Eastman Chemical Co. (EMN) $75.14 -1.87% Q4 Top 10 Stock Picks Moving into the final quarter of the year, a packed events calendar is going to create opportunities aplenty for investors, and we've highlighted the top 10 stocks we believe could outperform the market in Q4. Download this report today Losses can exceed deposits Newspaper Round Up Monday newspaper round-up: Carney, Polish workers, PPI, Tesco Mark Carney is set to warn Brussels that the European financial system faces a shock unless policymakers give institutions more time to adapt to trading arrangements after Brexit. In his capacity as vice-chairman of the European Systemic Risk Board (ESRB), Mr Carney is expected to stress to the European Commission and the heads of top EU financial services bodies next month that a transition agreement is in the interest of the EU as much as it is for the UK. - Telegraph The Bank of England is pushing ahead with plans for transitional arrangements after Brexit negotiations in an attempt to protect financial institutions from a cliff edge deal that could undermine their stability. Governor Mark Carney has met senior figures in the City to stress the need for a smooth path out of the European Union that maintains its stature and strong links with the continent. - Guardian Theresa May will launch a charm offensive in a bid to win Polish support in the forthcoming Brexit negotiations, as pressure grew to guarantee the status of migrant workers. Mrs May will host Polish prime minister Beata Szydło and other senior Polish politicians at a meeting in Downing Street on Monday that will focus on Brexit and defence co-operation, and seek to ease diplomatic tensions caused during the referendum. - Financial Times François Fillon won the French centre-right presidential nomination on Sunday, in a landslide vote that brings him closer to the presidency next year. The former prime minister's victory reveals a clear shift to the right among Republican party sympathisers, who seek a return to the right-wing tenets of law and order, and a break from past economic policies with a resolutely free market economic programme. - Financial Times The financial ombudsman has been forced to look again at the case of a man who complained that he had been mis-sold payment protection insurance, in what could open the floodgates to thousands more claims. William Edmunds had an initial complaint about PPI on his MBNA credit card rejected by the ombudsman, but legal action by a claims company acting for Mr Edmunds has forced the ombudsman to reconsider his case, which could lead to many more cases being reopened. - The Times The government may be preparing to increase the official state pension age to 70 for millions of people currently in their 20s, a former minister has claimed. Steve Webb said documents produced by the Department for Work and Pensions suggested a "more aggressive" timetable on state pension age (SPA) increases than previously planned was being prepared. - Guardian Investigators are looking into whether Tesco Bank ignored a warning about a security flaw in its payment system that allowed fraudsters to steal millions of pounds from the accounts of thousands of its customers. Officials at the Financial Conduct Authority and the National Crime Agency believe that Tesco might have failed to act on an industry-wide warning from Visa a year ago. - The Times Regulators have said that they expect to announce a final decision on the future of BT and Openreach within weeks. Ofcom has approached the European Commission to discuss how it could force BT to legally separate from its broadband infrastructure unit. - The Times Rolls-Royce faces fresh embarrassment after it admitted parts of its financial forecasts were wrong and it had to send out a correction. The blunders came in the engineering group's disastrous capital markets day two weeks ago which sent the shares plunging, and has seen Rolls draw criticism from City analysts. - Telegraph Britain's biggest bookmaker Ladbrokes Coral is planning an audacious multi-billion pound bid for Australia's largest betting company, Tabcorp. The British betting giant is understood to have appointed advisers within the last few weeks to work on the proposal. - Mail Small energy companies could face a struggle to make it through the winter after GB Energy Supply became the first domestic supplier go out of business in a decade. Household bills could rise, after what one energy boss said was "the first of many" casualties likely to hit the sector, reducing competition. - Telegraph Companies are to be forced to publish the difference in pay between their chief executives and average workers, Theresa May will announce this week. The prime minister will unveil a green paper on corporate reforms tomorrow which will also consider giving workers a direct say in the salaries of their bosses. Black Friday appears to have been the shopping bonanza that wasn't, with online sales growth falling significantly short of what experts had predicted. Purchasing online was up by a mere 6.7 per cent against the same day the previous year, compared with forecasts of a 25 per cent leap and an even more explosive rise of 31 per cent in 2015, according to figures from PCA Predict, which tracks online transactions for retailers. - The Times Train operators face having to redesign thousands of ticket machines as ministers move to stop commuters being ripped off by hugely complex pricing systems. Rail companies are likely to be ordered to highlight the lowest price for any journey. - The Times The result of a strike ballot among Southern train drivers is due to be announced, raising the threat of travel chaos in the run up to Christmas. Members of the drivers' union Aslef have been voting on whether to launch a campaign of industrial action in a dispute over driver-only trains. The union's executive will meet to discuss the outcome of the ballot, to be announced later on Monday, before deciding the next move. - Guardian The UK has seen a surge in demand for skilled technology visas in recent months in a boost to the British tech industry's demands for special treatment on immigration after the Brexit vote. Tech City UK, the government organisation that processes applications for the special visas, said applications had spiked since the referendum, and that it had received more than 200 applications since April. - Telegraph Almost two dozen of the world's biggest football clubs including Arsenal, Chelsea, Bayern Munich, Barcelona and Juventus have joined forces to launch a new social media network that aims to replicate the success of Facebook for football fans. Dugout.com, which has also signed partnerships with more than 150 players including Gareth Bale, Alexis Sanchez, Edinson Cavani, Joe Hart and Neymar, launches globally on Monday in eight languages. - Guardian Discover a new way to trade with eToro Trade 1000s of markets independently, connect with millions of other traders and copy top performing traders move-for-move. Click Here   New ADVFN Service - FREE Reports Get your free report on Isa's, Investment Trusts, Funds, Sipps Travel and Cars - FREE and Easy service CLICK HERE To advertise in the Euro Markets Bulletin please contact advertise@advfn.com     To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49