Morning Euro Markets Bulletin

ADVFN  Morning Euro Markets Bulletin Daily world financial news Friday, 26 May 2017 10:14:41 Monitor Quote Charts News CFD's Compare Brokers Free BB   Want to learn more about the UK buy-to-let market? The UK property market is booming and there has never been a better time to invest in buy-to-let. Where are the best places to invest? What is the best type of investment property? What sort of returns are on offer? Download our free Buy-to-Let Guide today to get started! London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks flat, pound loses ground as Tory lead over Labour narrows London stocks were steady in early trade while the pound lost ground as the first poll since the Manchester bomb attack showed the Tory lead over Labour narrowing. The FTSE 100 was flat at 7,520.84, while the pound was down 0.5% versus the dollar and the euro at 1.2876 and 1.1487 respectively, as the latest YouGov/Times poll showed Labour has slashed the Conservatives' lead to just five points. Spreadex analyst Connor Campbell said: "Any growth managed by sterling since April has largely been predicated on the assumption that the Conservatives would secure a landslide victory. That this presently doesn't seem to be the case has helped further erode confidence in the currency's current position." Meanwhile, oil prices reversed heavy losses to trade higher, with West Texas Intermediate up 0.3% to $49.05 a barrel and Brent crude up 0.5% to $51.74. Prices had fallen sharply after the Opec meeting in Vienna resulted in a nine-month extension of the previously agreed 1.8m barrel-a-day production cut. CMC Markets analyst Michael Hewson said; "The rise in oil prices that we'd seen this month in the lead up to this week's OPEC meeting came to an abrupt and shuddering halt yesterday in the wake of the expected announcement that members, as well as non OPEC members, had agreed to extend the cuts agreed in November last year for another 9 months, until March 2018. "The resultant market sell-off shouldn't really have been too much of a surprise given that having delivered on expectations, markets didn't really have anywhere else to go." In corporate news, Informa was the top riser after it reiterated its full-year expectations and said first-quarter trading in Global Exhibitions remains strong, while trading in the events business is steady. The Restaurant Group surged after a first-quarter trading update which showed like-for-like sales fell 1.8%. The update prompted JPMorgan Cazenove to upgrade the stock to 'overweight' from 'neutral', as it said the company "has had a better start to 2017 than many in the market may have expected". Hammerson nudged up after saying it has exchanged contracts for the sale of two retail parks to clients of BMO Real Estate Partners for £80m, while Spirax-Sarco Engineering rallied as it agreed to buy US-based electrical products provider Chromalox from Irving Place Capital for a cash-free, debt-free consideration of $415m (£319m). FTSE 250 hospital group Spire Healthcare was also in the black as it said trading from 1 January to 25 May has been in line with expectations and reiterated its 2017 guidance. On the downside, Intertek was in the red despite posting a 14% jump in revenues for the first four months of the year and saying it was on track to deliver its 2017 targets. There are no major UK data releases due but in the US, first-quarter GDP is at 1330 BST. How to capitalise on the impact of Crossrail This comprehensive report looks at the investment opportunity Europe’s largest construction project has to offer, the economic, real estate, and housing benefits of Crossrail, and how you could capitalise. Capital at risk. Download your copy of How to capitalise on Crossrail here. Your capital and interest are at risk. Market Movers FTSE 100 (UKX) 7,520.84 0.04% FTSE 250 (MCX) 19,995.97 0.14% techMARK (TASX) 3,617.11 0.29% FTSE 100 - Risers Informa (INF) 670.50p 3.07% Randgold Resources Ltd. (RRS) 7,205.00p 1.55% Rolls-Royce Holdings (RR.) 863.50p 1.41% GlaxoSmithKline (GSK) 1,635.50p 1.08% Burberry Group (BRBY) 1,787.00p 0.79% Scottish Mortgage Inv Trust (SMT) 396.60p 0.79% BT Group (BT.A) 315.55p 0.69% Relx plc (REL) 1,647.00p 0.67% Smurfit Kappa Group (SKG) 2,171.00p 0.65% Taylor Wimpey (TW.) 201.90p 0.65% FTSE 100 - Fallers Experian (EXPN) 1,605.00p -2.49% Intertek Group (ITRK) 4,242.00p -1.67% United Utilities Group (UU.) 1,037.00p -1.61% Shire Plc (SHP) 4,685.50p -1.11% Lloyds Banking Group (LLOY) 72.45p -0.89% Barclays (BARC) 212.25p -0.84% Royal Bank of Scotland Group (RBS) 263.80p -0.83% easyJet (EZJ) 1,371.00p -0.65% SSE (SSE) 1,528.00p -0.52% BHP Billiton (BLT) 1,203.50p -0.50% FTSE 250 - Risers Restaurant Group (RTN) 355.00p 11.85% Spirax-Sarco Engineering (SPX) 5,585.00p 5.18% Spire Healthcare Group (SPI) 346.70p 2.63% Marshalls (MSLH) 399.50p 1.86% Wizz Air Holdings (WIZZ) 2,241.00p 1.68% BTG (BTG) 633.00p 1.28% Senior (SNR) 233.70p 1.26% Cairn Energy (CNE) 213.60p 1.23% Allied Minds (ALM) 150.00p 1.15% Bankers Inv Trust (BNKR) 795.00p 1.15% FTSE 250 - Fallers Petrofac Ltd. (PFC) 415.50p -3.55% Britvic (BVIC) 702.50p -2.84% Acacia Mining (ACA) 260.00p -2.22% Pets at Home Group (PETS) 160.90p -1.89% Cranswick (CWK) 2,935.00p -1.84% Hunting (HTG) 538.50p -1.82% Wood Group (John) (WG.) 703.50p -1.61% Fidessa Group (FDSA) 2,446.00p -1.37% BGEO Group (BGEO) 3,726.00p -1.17% UK Event Calendar Friday May 26 INTERIMS MedicX Fund Ltd. INTERIM DIVIDEND PAYMENT DATE BlackRock Greater Europe Inv Trust, British Smaller Companies VCT, Swallowfield QUARTERLY PAYMENT DATE Primary Health Properties, SQN Secured Income Fund INTERNATIONAL ECONOMIC ANNOUNCEMENTS Durable Goods Orders (US) (13:30) U. of Michigan Confidence (US) (15:00) GMS Lebanese Co for the Development & Reconstruction of Beirut Central District SAL GDS (Reg S) FINALS Volvere ANNUAL REPORT Scottish Mortgage Inv Trust SPECIAL DIVIDEND PAYMENT DATE Elementis, EP Global Opportunities Trust, esure Group, Volga Gas EGMS PJSC Novorossiysk Commercial Sea Port GDR (Reg S) AGMS 4D Pharma , Access Intelligence, Circassia Pharmaceuticals, Escher Group Holdings, Informa, Intertek Group, Restaurant Group, Rotala, Spectris, Spire Healthcare Group FINAL DIVIDEND PAYMENT DATE Antofagasta, Cello Group, Cenkos Securities, Centaur Media, Charles Taylor, Communisis, Dunedin Income Growth Inv Trust, Ebiquity, Elementis, EP Global Opportunities Trust, esure Group, Fevertree Drinks, Frenkel Topping Group, Fresnillo, Greggs, Inmarsat, IWG , JRP Group, Marshall Motor Holdings, Maven Income & Growth 4 VCT, Maven Income & Growth VCT, Microgen, Morgan Advanced Materials , Polymetal International, Randgold Resources Ltd., Senior, Servelec Group , SimiGon Ltd. (DI), Spirax-Sarco Engineering, StatPro Group, Stock Spirits Group , Total Produce, Travis Perkins, Volga Gas   19-20% yield after June 2017 payable quarterly Grenfell Markets is a private equity and venture capital firm providing access to exclusive private placements and structured products. Our current offering pays quarterly Dividends and Capital Growth Upon Exit. Based on today’s market price ($45-50) investors should expect to receive 19-20% yield after June 2017 payable quarterly. Click here to find out more… US Market Report US close: Nasdaq hits new record as tech and retail lead way Investors chased the Nasdaq and S&P to new record closings highs on Thursday ahead of the long Memorial Day weekend, with the tech sector driving the gains to offset falling oil prices as Opec's production cut disappointed. The Dow Jones Industrial Average finished 0.34% higher at 21,082.95, while the S&P 500 finished higher for a sixth successive day to set a new record, rising 0.44% to 2,415.07 and the Nasdaq Composite similarly ascended 0.69% to a new peak of 6,205.26. While Europe remains becalmed US markets clock up new highs, despite the fact that European data has been much stronger of late than its US counterpart, observed market analyst Chris Beauchamp at IG. "Amazon and Google find themselves locked in a race for $1000; tech firms continue to leave the old economy far behind, with momentum continuing to drive the sector higher," he said. "In a bull market, you buy the strongest performing assets - with the Nasdaq 100 nearly a fifth higher year-to-date, it is clear that momentum lies here, leaving the staid S&P 500 and FTSE 100 far behind." Markets also began the day on the front foot on the back of a week of gains and after the previous day's minutes from the Federal Reserve meeting that showed most members were in favour of a rate hike "soon" as long as the economy continues to rebound from first-quarter weakness. What little data there was on Thursday was not enough to disrupt the positive mood, with initial weekly US unemployment claims rising by just 1,000 to 234,000, better than expected and marking a fourth straight week below 240,000. That led Ian Shepherdson, chief US economist at Pantheon Macroeconomics to muse that: "it's starting to look more like a shift in trend rather than just noise, but we still need more data to be sure". Meanwhile, America's deficit in its trade in goods with the rest of the world widened by 3.8% to $67.6bn, according to the Census Bureau. Economists' forecasts were calling for a smaller shortfall of -$64.0bn. Oil prices fell after Opec's agreement to extend an earlier 1.8m-barrel-a-day production cut by nine months did not seem long enough to satisfy oil traders, even if Saudi Arabian oil minister Khalid al-Falih said any deeper cuts were unnecessary. West Texas Intermediate was down 5.2% to $48.68 a barrel and Brent crude was 5.0% lower at $51.27. Analyst Neil Wilson at ETX Capital said a nine-month extension "just isn't enough to really lift oil prices as we'll continue to see US shale fill the gap" and with the oil cartel having said they'd do whatever it takes they were now "looking a bit toothless". "Instead of deepening cuts they are continuing to tinker at the margins by curbing production by around 1.8m b/d along with several non-OPEC members. It also looks like no new non-OPEC members are joining the curbs, which would have helped." Elsewhere among stocks, several members of the embattled retailer sector impressed, with Best Buy shooting higher as investors cheered stronger than expected profits, improved outlook and an unexpected rise in its like-for-like sales from the consumer electronic retailer, while Sears posted its first quarterly profit in two years sending its shares flying. Discount retailer Dollar Tree was also trading on the front foot despite disappointing investors on most of its main financial metrics, including LFLs. Hewlett Packard on the other hand was trading lower even after it reported the first simultaneous growth in its sales of printers and PCs since 2010. Dow Jones - Risers Unitedhealth Group Inc. (UNH) $178.05 1.40% Travelers Company Inc. (TRV) $123.72 1.37% Microsoft Corp. (MSFT) $69.62 1.24% 3M Co. (MMM) $199.54 1.04% Caterpillar Inc. (CAT) $105.01 1.03% Boeing Co. (BA) $187.07 0.98% Home Depot Inc. (HD) $156.45 0.94% Coca-Cola Co. (KO) $45.41 0.84% Nike Inc. (NKE) $52.35 0.65% Verizon Communications Inc. (VZ) $45.31 0.60% Dow Jones - Fallers E.I. du Pont de Nemours and Co. (DD) $77.39 -1.26% General Electric Co. (GE) $27.49 -1.22% Chevron Corp. (CVX) $105.11 -1.05% Exxon Mobil Corp. (XOM) $81.75 -0.66% Goldman Sachs Group Inc. (GS) $222.47 -0.61% JP Morgan Chase & Co. (JPM) $85.35 -0.42% Walt Disney Co. (DIS) $107.27 -0.41% Cisco Systems Inc. (CSCO) $31.44 -0.16% Johnson & Johnson (JNJ) $127.53 0.02% United Technologies Corp. (UTX) $122.25 0.14% S&P 500 - Risers Best Buy Co. Inc. (BBY) $61.25 21.48% PVH Corp. (PVH) $106.98 4.84% Csra Inc. (CSRA) $31.01 4.62% Norfolk Southern Corp. (NSC) $119.77 4.18% GameStop Corp. (GME) $23.62 4.01% Patterson Companies Inc. (PDCO) $44.75 3.90% NetApp Inc. (NTAP) $40.96 3.54% Netflix Inc. (NFLX) $163.05 3.36% Alliance Data Systems Corp. (ADS) $245.62 3.33% Dollar General Corp (DG) $72.47 3.22% S&P 500 - Fallers Signet Jewelers Ltd (SIG) $50.31 -7.76% Transocean Ltd. (RIG) $9.65 -7.57% Diamond Offshore Drilling Inc. (DO) $12.29 -7.25% Marathon Oil Corp. (MRO) $13.50 -7.09% Chesapeake Energy Corp. (CHK) $5.18 -6.67% Hormel Foods Corp. (HRL) $33.13 -6.41% FMC Technologies Inc. (FTI) $29.39 -6.13% National Oilwell Varco Inc. (NOV) $32.60 -5.40% Brown Forman Corp. Class B (BF.B) $51.60 -5.04% Halliburton Co. (HAL) $45.39 -4.82% Nasdaq 100 - Risers Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $293.04 4.47% Netflix Inc. (NFLX) $163.05 3.36% CSX Corp. (CSX) $53.79 2.79% American Airlines Group (AAL) $48.02 2.67% Tractor Supply Company (TSCO) $54.38 2.37% Tesla Inc (TSLA) $316.83 2.13% Twenty-First Century Fox Inc Class B (FOX) $27.23 2.10% Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $50.68 2.10% Monster Beverage Corp (MNST) $50.76 1.74% Twenty-First Century Fox Inc Class A (FOXA) $27.33 1.71% Nasdaq 100 - Fallers Alexion Pharmaceuticals Inc. (ALXN) $98.50 -2.55% Mattel Inc. (MAT) $22.18 -1.03% Celgene Corp. (CELG) $116.75 -0.85% Fastenal Co. (FAST) $43.29 -0.80% Biomarin Pharmaceutical Inc. (BMRN) $87.33 -0.80% Liberty Global Plc Lilac Class A (LILA) $21.00 -0.71% Regeneron Pharmaceuticals Inc. (REGN) $455.70 -0.55% Western Digital Corp. (WDC) $89.27 -0.48% Illumina Inc. (ILMN) $173.76 -0.41% Market Analysis 25/05/2017 Today’s highlights: Positive trend seen in global markets Another record for the S&P 500: Wall Street closed in the green yesterday, with the S&P 500 posting a fresh all-time high. The positive trend is affiliated to the FOMC minutes released yesterday, which showed that the Fed aims to trim its balance sheet and signaled that a rate hike is coming soon. US Markets could also be affected by the Unemployment Claims report to be released at 12:30 GMT. Asia seen higher: Following the positive trend seen in the US, Asian markets were also trading higher this morning. Impressive gains were seen in the China50 index, which climbed 2.5% this morning. Bitcoin crosses $2,500: The cryptocurrency passed the milestone yesterday, continuing its climb this morning. Ethereum eases after posting another record: After reaching the $200 mark yesterday, Ethereum reverted to losses, but is still maintaining its impressive levels from recent days. Read More... Newspaper Round Up Friday newspaper round-up: China, RBS, bitcoin China's structural reforms will not be enough to arrest its rising debt and another credit rating downgrade for the country is possible unless it gets its ballooning borrowing in check, two officials at Moody's ratings agency have said. Doubling down on comments earlier this week that China's financial strength will be eroded because of huge corporate and household debt, Moody's said the country's "vast reform agenda" would not be enough to prevent borrowing from weighing on economic growth. - Guardian A group of "diehard" shareholders determined to see the former Royal Bank of Scotland chief executive Fred Goodwin in court are refusing to accept a settlement in their £700m legal claim against the bank. The state-backed lender has offered about £200m, or 82p per share held by investors, in an attempt to avoid a case that would see Goodwin take the stand on either 8 or 9 June. - Guardian GCHQ has demanded that directors start taking charge of cyber security, warning that they are "devolving responsibility" for protecting businesses from hackers. Ciaran Martin, the head of the agency's National Cyber Security Centre (NCSC), said it is unacceptable for boards to plead ignorance about the threat from cyber attacks. - Telegraph Theresa May's manifesto risks losing the Conservatives their image as the party of business, The Daily Telegraph can disclose, after Britian's small companies overwhelmingly rejected their policies and questioned the lack of costing in the policy diktat. A vanishingly small proportion of companies support the manifesto, while the Prime Minister's mantra of "strong and stable leadership" achieves only modest backing. - Telegraph The political fallout has been unrelenting since the collapse of the longest running criminal trial in the history of the Irish state. Judge John Aylmer directed the jury in Dublin's central criminal court this week to acquit Sean Fitzpatrick, former chairman and chief executive of Anglo Irish bank, of charges of false accounting and concealing loans. - The Times CannaInvestors Hub Magazine - Research for Cannabis Investors Subscribe for Free to the May 2017 issue Featured Companies include HelloMD, AEssenseGrows, MCig, Inc, Grow Condos, Novus Acquisition and Dev, Naturally Splendid Ent Ltd, AusCann Group Holdings. 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 Thursday, 25 May 2017 17:29:21 Monitor Quote Charts News CFD's Compare Brokers Free BB   Want to learn more about the UK buy-to-let market? The UK property market is booming and there has never been a better time to invest in buy-to-let. Where are the best places to invest? What is the best type of investment property? What sort of returns are on offer? Download our free Buy-to-Let Guide today to get started! London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London close: FTSE mired in range trade as oil majors drop after Opec pledge Shares in London flickered around their starting levels for most of the day, mimicking the disappointing pattern of range-bound trade also seen among Europe's main indices. The FTSE 100 closed up by 0.04% to 7,517.17, while the FTSE 250 was higher by 0.09% to 19,967.58. The Euro Stoxx 50, Dax and Cac 40 on the other hand ended slightly lower. "The major indices in Europe have been flickering in between positive and negative territory but the common theme is a small trading range," said David Madden of CMC Markets UK. Chris Beauchamp at IG also noted the sideways trade. "In a bull market, you buy the strongest performing assets with the Nasdaq 100 nearly a fifth higher year-to-date, it is clear that momentum lies here, leaving the staid S&P 500 and FTSE 100 far behind," he said. Wall St began positively after the US Fed last night released minutes from its May meeting that showed it wanted to make sure the recovery continued before lifting rates again. In commodities the spot prices for gold, silver and copper were ahead, but both classes of crude fell as Opec extended its production cuts for a well flagged nine-months. This disappointed some who were looking for a larger extension, and encouraged others to take profits. Shares of major oil companies Shell and BP were heavily down. "We see a better than 50/50 chance Opec pre-announces additional cuts before the next scheduled meeting in November," said Jasper Lawler at London Capital Group. If oil chat dominated the afternoon session, it was the fall in the UK's first-quarter GDP growth to 0.2%, from a previous estimate of 0.3% and 0.7% in the last quarter of 2016. "There's a strong likelihood that growth will pick up in the second quarter, but whether robust growth can be sustained further ahead remains highly uncertain," said Chris Williamson, chief business economist at IHS Markit. Elsewhere, British Bankers Association data showed British high street banks approved fewer mortgages in April from March, but consumer lending via credit cards bounced back. In corporate news, progress in London was hampered by a catalogue of stocks going ex-dividend, including Bunzl, Capita, Carnival, DCC, Morrisons, Whitbread and Worldpay. On the list of FTSE 100 gainers, consumer goods, high-street retail and pharmaceuticals shares tended to do well, while banks, commercial property and insurers congregated among fallers. BT retreated as Exane BNP Paribas downgraded the stock to 'underperform' from 'neutral', saying the underlying business appears to be "teetering on the edge". British Land and Oxford Properties confirmed they had completed the sale of The Leadenhall Buildinhg to C C Land. Aviva announced it would begin a share buy-back of its ordinary shares for a maximum consideration of up to £300m. United Utilities fell as it upped its dividend 1.1% after a year where revenue and profit both leaked modestly lower but it remained confident of meeting its long-term targets. 3i got a boost as Canaccord Genuity bumped up its price target on the stock to 975p from 875p following strong full-year results earlier this month. How to capitalise on the impact of Crossrail This comprehensive report looks at the investment opportunity Europe’s largest construction project has to offer, the economic, real estate, and housing benefits of Crossrail, and how you could capitalise. Capital at risk. Download your copy of How to capitalise on Crossrail here. Your capital and interest are at risk. Market Movers FTSE 100 (UKX) 7,517.71 0.04% FTSE 250 (MCX) 19,967.58 0.09% techMARK (TASX) 3,606.55 -0.01% FTSE 100 - Risers 3i Group (III) 871.50p 3.69% easyJet (EZJ) 1,381.00p 2.75% Royal Mail (RMG) 438.10p 2.12% Antofagasta (ANTO) 827.50p 1.66% Tesco (TSCO) 187.00p 1.66% International Consolidated Airlines Group SA (CDI) (IAG) 616.00p 1.48% Informa (INF) 650.50p 1.40% Unilever (ULVR) 4,269.50p 1.35% Burberry Group (BRBY) 1,774.00p 1.26% British American Tobacco (BATS) 5,500.00p 1.25% FTSE 100 - Fallers Anglo American (AAL) 1,057.50p -2.44% DCC (DCC) 7,425.00p -1.26% BT Group (BT.A) 313.00p -1.22% BP (BP.) 472.95p -1.16% Experian (EXPN) 1,647.00p -1.14% Barclays (BARC) 214.05p -1.11% Paddy Power Betfair (PPB) 8,300.00p -1.07% Marks & Spencer Group (MKS) 389.40p -1.02% GlaxoSmithKline (GSK) 1,618.00p -0.95% British Land Company (BLND) 630.50p -0.94% FTSE 250 - Risers Intermediate Capital Group (ICP) 920.00p 14.00% Wizz Air Holdings (WIZZ) 2,204.00p 13.26% UDG Healthcare Public Limited Company (UDG) 811.50p 3.38% QinetiQ Group (QQ.) 318.70p 3.21% Halfords Group (HFD) 370.20p 3.18% Paysafe Group (PAYS) 496.60p 3.14% Rank Group (RNK) 218.90p 3.06% Just Group (JUST) 137.00p 3.01% Ferrexpo (FXPO) 175.20p 3.00% Evraz (EVR) 199.00p 2.95% FTSE 250 - Fallers Petrofac Ltd. (PFC) 430.80p -29.95% Acacia Mining (ACA) 265.80p -12.85% OneSavings Bank (OSB) 434.00p -7.17% Amec Foster Wheeler (AMFW) 504.00p -5.62% Capita (CPI) 547.00p -5.28% Tate & Lyle (TATE) 749.00p -5.19% Wood Group (John) (WG.) 715.00p -4.22% Tullow Oil (TLW) 204.90p -3.80% Polypipe Group (PLP) 421.10p -3.53% 19-20% yield after June 2017 payable quarterly Grenfell Markets is a private equity and venture capital firm providing access to exclusive private placements and structured products. Our current offering pays quarterly Dividends and Capital Growth Upon Exit. Based on today’s market price ($45-50) investors should expect to receive 19-20% yield after June 2017 payable quarterly. Click here to find out more… US Market Report US open: Wall Street setting new records ahead of Memorial Day weekend Investors are pushing the main Wall Street averages to fresh record highs ahead of the long Memorial Day weekend, with the much maligned retailers leading the charge. At 1542 BST, the Dow Jones Industrial Average is up by 0.39% or 79,92 points to 21,092.06, while the S&P 500 is adding 0.45% or 10.89 points to 2,415.28 and the Nasdaq Composite 36.51 points to 6,199.42. Worth noting, Memorial Day is typically associated with the summer lull in trading volumes. On Wednesday, the S&P 500 closed at a record, while the Dow and the Nasdaq closed at their second-highest levels ever after minutes from the latest Federal Reserve meeting showed most members were in favour of a rate hike "soon" as long as the economy continues to rebound from first-quarter weakness. Linked to the above - possibly - the latest tally for initial weekly US unemployment claims rose by just 1,000 to 234,000, marking a fourth straight week below 240,000. That led Ian Shepherdson, chief US economist at Pantheon Macroeconomics to muse that: "so it's starting to look more like a shift in trend rather than just noise, but we still need more data to be sure. "Low and falling claims numbers don't guarantee faster payroll growth, but they are consistent with robust increases, at least, and we expect sustained 200K-plus gains over the next few months, pushing unemployment down to new lows and scaring the Fed." In the background, oil prices came under selling pressure even after OPEC members agreed to extend an earlier 1.8m-barrel-a-day production cut by nine months, although Saudi Arabian oil minister Khalid al-Falih said any deeper cuts were unnecessary. West Texas Intermediate was down 0.73% to $50.99 a barrel and Brent crude was 0.6% lower at $53.65. Oanda analyst Craig Erlam said: "It would appear a nine month extension with the potential for deeper cuts was almost fully priced in so when the statements were made, there was nowhere left for prices to go but lower. Meanwhile, on the economic front, America's deficit in its trade in goods with the rest of the world widened by 3.8% to $67.6bn, according to the Census Bureau. Economists' forecasts were calling for a smaller shortfall of -$64.0bn US retail and wholesale inventories both shrank by 0.3% month-on-month in April. From a sector standpoint, the biggest gains were being seen in the following industrial groups: Specialty Retailers (2.79%), Clothing & Accessories (1.30%), Restaurants (1.29%) and General Retailers (1.23%). Shares in Best Buy shot higher as investors cheered stronger than expected profits, improved outlook and an unexpected rise in its like-for-like sales from the consumer electronic retailer. Sears posted its first quarterly profit in two years sending its shares flying. Discount retailer Dollar Tree was also trading on the front foot despite disappointing investors on most of its main financial metrics, including LFLs. Hewlett Packard on the other hand was trading lower even after it reported the first simultaneous growth in its sales of printers and PCs since 2010. Dow Jones - Risers Caterpillar Inc. (CAT) $105.68 1.66% American Express Co. (AXP) $77.82 0.91% Microsoft Corp. (MSFT) $69.37 0.88% Unitedhealth Group Inc. (UNH) $177.05 0.83% Nike Inc. (NKE) $52.42 0.79% Travelers Company Inc. (TRV) $123.00 0.78% Boeing Co. (BA) $186.62 0.74% Home Depot Inc. (HD) $155.84 0.54% 3M Co. (MMM) $198.53 0.53% Intel Corp. (INTC) $36.30 0.49% Dow Jones - Fallers Johnson & Johnson (JNJ) $126.88 -0.49% Merck & Co. Inc. (MRK) $64.74 -0.29% E.I. du Pont de Nemours and Co. (DD) $78.20 -0.23% General Electric Co. (GE) $27.78 -0.16% Walt Disney Co. (DIS) $107.57 -0.13% McDonald's Corp. (MCD) $149.32 -0.12% Pfizer Inc. (PFE) $32.04 -0.03% Chevron Corp. (CVX) $106.23 0.01% Exxon Mobil Corp. (XOM) $82.44 0.18% Visa Inc. (V) $95.03 0.23% S&P 500 - Risers Best Buy Co. Inc. (BBY) $58.96 16.94% Patterson Companies Inc. (PDCO) $45.55 5.76% PVH Corp. (PVH) $107.18 5.04% Csra Inc. (CSRA) $30.99 4.55% Staples Inc. (SPLS) $9.09 3.53% Alliance Data Systems Corp. (ADS) $245.98 3.48% Netflix Inc. (NFLX) $162.50 3.01% Dollar Tree Inc (DLTR) $80.28 2.82% NetApp Inc. (NTAP) $40.66 2.78% Dollar General Corp (DG) $72.14 2.76% S&P 500 - Fallers Hormel Foods Corp. (HRL) $33.32 -5.88% Brown Forman Corp. Class B (BF.B) $51.97 -4.36% FMC Technologies Inc. (FTI) $30.20 -3.51% HP Inc (HPQ) $18.64 -1.95% TripAdvisor Inc. (TRIP) $40.03 -1.88% Signet Jewelers Ltd (SIG) $53.64 -1.63% First Solar Inc. (FSLR) $38.33 -1.46% Helmerich & Payne Inc. (HP) $55.33 -1.21% Advance Auto Parts (AAP) $131.41 -1.21% NRG Energy Inc. (NRG) $16.56 -1.19% Nasdaq 100 - Risers Netflix Inc. (NFLX) $162.50 3.01% Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $288.92 3.00% Dollar Tree Inc (DLTR) $80.28 2.82% Liberty Interactive Corporation QVC Group (QVCA) $23.94 2.33% Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $50.60 1.94% NetEase Inc. Ads (NTES) $293.85 1.82% Tractor Supply Company (TSCO) $54.04 1.73% Liberty Global Plc Lilac Class C (LILAK) $21.08 1.69% Dish Network Corp. (DISH) $64.37 1.64% Ross Stores Inc. (ROST) $62.90 1.53% Nasdaq 100 - Fallers Shire Plc Ads (SHPG) $183.91 -0.78% Nvidia Corp. (NVDA) $137.53 -0.75% Fastenal Co. (FAST) $43.35 -0.66% Celgene Corp. (CELG) $117.01 -0.62% Viacom Inc. Class B (VIAB) $34.60 -0.40% Biomarin Pharmaceutical Inc. (BMRN) $87.71 -0.36% Regeneron Pharmaceuticals Inc. (REGN) $456.95 -0.28% Intuit Inc. (INTU) $137.47 -0.26% Illumina Inc. (ILMN) $174.13 -0.20% Market Analysis 12/05/2017 Today’s highlights: Indices low while oil and gold show gains Wall Street closes lower: All three major indices finished in the red at the end of yesterday’s trading day. Macy’s earnings report missed predictions, causing its stock to tank 17%. Boeing stock drops following 737 problem: Aviation powerhouse Boeing saw its stock price drop yesterday, after announcing it is suspending flights for its 737 Max model due to an engine problem. While prices recovered after the announcement, they fell slightly again after-hours. Asia seen lower: Indices in Asia were trading lower this morning, with the ASX 200 and Nikkei losing 0.87% and 0.57% respectively. Volatility expected for US Dollar today: CPI and Retail reports will be released at 12:30 GMT today. These reports.. Read More... Broker Tips Broker tips: BT Group, National Grid, Acacia Mining Exane BNP Paribas downgraded shares of BT Group from 'neutral' to 'underperform'. At the same time, the broker cut its target by 15% to 260p. Exane said BT's underlying business was "teetering on the edge" and that it had identified more than a dozen factors - excluding regulations - which would drag on its operating profits and free cash flows more than markets were anticipating. "In our view the market is mispricing BT as they transition from growth to decline," Exane said. As far as the regulatory pressures bearing down on the company were concerned, Exane said that with Ofcom breathing down its neck BT faced the prospect of upwards pressures on its capital outlays just as consumer spending was plateauing. The dividend also needed to be rebased by more than the company had hinted thus far. "On our new estimates they face a £800m cash shortfall over 3 years to fund just 2% growth," analysts Sam McHugh, San Dhillon, Kohulan Paramaguru and Alexandre Roncier. Analysts at Goldman Sachs boosted their target for shares of National Grid after rejigging their valuation methods for the company, but said the premium they were trading at was not justified, leading them to reiterate their 'sell' recommendation. The investment bank said the company's allowed regulated returns would diminish as the average 10-year trailing iBoxx index to which they were indexed increasingly reflected the then current interest rate environment. That would offset the benefits for the company from investing in its asset base, which together with rising interest costs and declining profits from its other businesses would result in muted earnings per share growth over coming years. Nonetheless, the 12-month target was increased from 855p to 946p, albeit partially reflecting higher trading multiples for its regulated rivals, analysts Ajay Patel and Alberto Gandolfi said. A committee of experts appointed by Tanzanian President John Magufuli stated on Wednesday that Acacia had not fully declared all of the minerals contained in the concentrate and so its export ban would remain in place. "This is not a laughing matter," said Investec, "but it sounds like someone in the committee has missed a decimal point somewhere along the line. Alternative explanations don't bear thinking." But Jonathan Guy at broker Numis said that given the scale of production at the mines, he did not believe that the accusation of a tenfold understatement is credible. "However, it provides a further indication of how problematic the relationship between the company and the government has become," he said, but expressing confidence the company and government will resolve the dispute before too long. RBC Capital Markets analyst Tyler Broda downgraded Acacia's shares to 'underperform' from 'sector perform' as he felt the developments may even put the miner's local operating license under pressure. Broda felt the Tanzanian accusations were "highly unusual" and "metallurgically questionable" and therefore further investigations "may - in theory - provide some relief for the company although it is unclear what next steps can be taken to clarify this matter". CannaInvestors Hub Magazine - Research for Cannabis Investors Subscribe for Free to the May 2017 issue Featured Companies include HelloMD, AEssenseGrows, MCig, Inc, Grow Condos, Novus Acquisition and Dev, Naturally Splendid Ent Ltd, AusCann Group Holdings. 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 Thursday, 25 May 2017 09:50:02 Monitor Quote Charts News CFD's Compare Brokers Free BB   Want to learn more about the UK buy-to-let market? The UK property market is booming and there has never been a better time to invest in buy-to-let. Where are the best places to invest? What is the best type of investment property? What sort of returns are on offer? Download our free Buy-to-Let Guide today to get started! London Market Report FTSE 100 Euronext Dax perf CAC 40 Please click on the images to view our interactive charts London open: Stocks little changed ahead of GDP data London stocks were little changed in early trade as investors digested the latest Federal Reserve minutes and awaited first-quarter economic growth data for the UK. At 0840 BST, the FTSE 100 was up 0.1% to 7,519.13, while the pound was up 0.1% versus the dollar at 1.2988. Spreadex analyst Connor Campbell said: "Part of the reason the FTSE is lacking momentum this morning is likely the gains made by cable, which jumped 0.3% after Wednesday evening's Fed meeting minutes revealed that the central bank sees it as 'prudent' to make sure the USA's first quarter slowdown was just a blip before going ahead with its next - still likely June - rate hike. "Nevertheless, the FTSE already spiked to an intraday peak of 7540 before settling back, meaning come closing time there could well be another broken record - that is, dependent on how the day's key events pan out. The first test is second glimpse at the UK's Q1 growth, which arrived last month at a lacklustre 0.3%. Analysts aren't expecting a revision, a situation that in theory would soften up sterling and, therefore, work in the FTSE's favour." The latest minutes from the Fed released on Wednesday revealed that most members think a rate hike should happen soon as long as the economy continues to rebound from first-quarter weakness. The minutes also suggested the central bank members were in agreement on how the Fed can unwind its $4.5trn balance sheet. It's understood the Fed will implement caps on how much it will allow to drop off the balance sheet without reinvestment each month. On the data front, BBA mortgage approvals are at 0930 BST, along with the first-quarter gross domestic product release. Meanwhile, oil prices advanced ahead of the Opec meeting in Vienna, amid expectations of a nine-month extension to coordinated production cuts. West Texas Intermediate and Brent crude were up 0.9% to $51.81 a barrel and $54.47, respectively. In corporate news, Central and Eastern European-focused low-cost airline Wizz Air flew higher as it reported record profit for the year to the end of March despite "challenging" conditions including low fares and increasing fuel prices. FTSE 100 peers easyJet and International Consolidated Airlines Group were also high risers. Halfords gained ground despite reporting a drop in full-year profit, as it lifted its dividend and said cash generation remained strong. Card Factory also advanced after saying it made "a good start to the year" as first-quarter like-for-like store sales were at the upper end of its targeted range of 1% to 3% growth. On the downside, water company United Utilities fell as it upped its dividend 1.1% after a year where revenue and profit both leaked modestly lower but it remained confident of meeting its long-term targets. Payment systems provider PayPoint was also in the red despite hailing "good growth" in its core retail networks as gross revenue rose 3.6% in the year to the end of March, while BT Group was weaker after a downgrade to 'underperform' at Exane BNP Paribas. Petrofac shares plunged to their lowest since 2009 after suspending chief operating officer Marwan Chedid as the company is investigated by the Serious Fraud Office over bribery and money laundering allegations. Pets at Home lost ground despite reporting 1.5% growth in like-for-like sales last year thanks to its vet services businesses. Tate & Lyle was lower even as it posted an 85% jump in full-year pre-tax profit, underpinned by a weaker pound and a solid performance from both divisions. B&M European traded lower despite saying annual profits rose 26%, while Inchcape declined after it said group revenue rose 18% at actual currency and 8.1% at constant currency in the fourth months to the end of April. Morrisons, Bunzl, and Capita were all on the back foot as their stock went ex-dividend. Market Movers FTSE 100 (UKX) 7,519.13 0.06% FTSE 250 (MCX) 19,976.73 0.13% techMARK (TASX) 3,607.38 0.01% FTSE 100 - Risers easyJet (EZJ) 1,360.00p 1.19% Hargreaves Lansdown (HL.) 1,402.00p 1.08% Royal Mail (RMG) 433.10p 0.96% International Consolidated Airlines Group SA (CDI) (IAG) 612.50p 0.91% Smurfit Kappa Group (SKG) 2,144.00p 0.80% Aviva (AV.) 534.00p 0.75% Severn Trent (SVT) 2,572.00p 0.74% 3i Group (III) 846.50p 0.71% Provident Financial (PFG) 3,122.00p 0.71% National Grid (NG.) 1,089.00p 0.69% FTSE 100 - Fallers BT Group (BT.A) 310.80p -1.91% TUI AG Reg Shs (DI) (TUI) 1,155.00p -1.53% Morrison (Wm) Supermarkets (MRW) 242.60p -1.22% DCC (DCC) 7,440.00p -1.06% Anglo American (AAL) 1,072.50p -1.06% Bunzl (BNZL) 2,444.00p -0.69% Diageo (DGE) 2,309.50p -0.69% BP (BP.) 475.45p -0.64% Rio Tinto (RIO) 3,157.50p -0.57% Carnival (CCL) 4,821.00p -0.50% FTSE 250 - Risers Wizz Air Holdings (WIZZ) 2,092.00p 7.50% Intermediate Capital Group (ICP) 865.00p 7.19% GVC Holdings (GVC) 796.50p 4.12% IP Group (IPO) 146.20p 3.54% Grainger (GRI) 269.00p 2.87% QinetiQ Group (QQ.) 316.30p 2.43% Rank Group (RNK) 216.50p 1.93% Evraz (EVR) 197.00p 1.91% Bankers Inv Trust (BNKR) 797.50p 1.85% Countryside Properties (CSP) 301.80p 1.58% FTSE 250 - Fallers Petrofac Ltd. (PFC) 521.00p -15.28% OneSavings Bank (OSB) 438.60p -6.18% Acacia Mining (ACA) 290.30p -4.82% Capita (CPI) 556.00p -3.72% B&M European Value Retail S.A. (DI) (BME) 357.50p -3.04% PayPoint (PAY) 961.50p -2.58% Tate & Lyle (TATE) 773.50p -2.09% Wood Group (John) (WG.) 731.00p -2.08% Amec Foster Wheeler (AMFW) 523.00p -2.06% How to capitalise on the impact of Crossrail This comprehensive report looks at the investment opportunity Europe’s largest construction project has to offer, the economic, real estate, and housing benefits of Crossrail, and how you could capitalise. Capital at risk. Download your copy of How to capitalise on Crossrail here. Your capital and interest are at risk. UK Event Calendar Thursday May 25 INTERIMS Daily Mail and General Trust A (Non.V), Schroder European Real Estate Investment Trust, Urban&Civic INTERIM DIVIDEND PAYMENT DATE Wetherspoon (J.D.) INTERIM EX-DIVIDEND DATE Avingtrans, Baring Emerging Europe, Brewin Dolphin Holdings, Diploma, Euromoney Institutional Investor, Gattaca, Impax Asset Management Group, Income & Growth VCT , Keystone Inv Trust, Marston's, Mitchells & Butlers, Town Centre Securities QUARTERLY EX-DIVIDEND DATE Carnival, HICL Infrastructure Company Ltd, NextEnergy Solar Fund Limited Red INTERNATIONAL ECONOMIC ANNOUNCEMENTS Continuing Claims (US) (13:30) Initial Jobless Claims (US) (13:30) FINALS Halfords Group, Helical, Intermediate Capital Group, PayPoint, QinetiQ Group, Renewi , Tate & Lyle, TR Property Inv Trust, United Utilities Group, Wizz Air Holdings SPECIAL DIVIDEND PAYMENT DATE ITV, United Carpets Group AGMS Jersey Oil And Gas , Air China Ltd., Albion Development VCT, Alliance Pharma, Amryt Pharma, Belvoir Lettings, Cambridge Cognition Holdings, Card Factory, Concurrent Technologies, EnQuest, F&C Private Equity Trust, Ferrexpo, Flowtech Fluidpower, G4S, Gama Aviation , Gocompare.com Group, Hastings Group Holdings , Headlam Group, Henry Boot, Huntsworth, Immedia Group, Inchcape, Itaconix , Kcell Joint Stock Co GDR (Reg S), Kenmare Resources, Keywords Studios, Legal & General Group, LMS Capital, Luceco , Middlefield Canadian Income PCC, NAHL Group, Nasstar, Old Mutual, Parity Group, Regional REIT Limited, Robert Walters, Sealand Capital Galaxy Limited (DI), Total Produce, TP Group, Vectura Group, Yu Group TRADING ANNOUNCEMENTS Card Factory, GVC Holdings, Mincon Group , Regional REIT Limited UK ECONOMIC ANNOUNCEMENTS Index of Services (09:30) FINAL DIVIDEND PAYMENT DATE Foxtons Group , Hikma Pharmaceuticals, IndigoVision Group, Intu Properties, ITV, Reckitt Benckiser Group, UBM, Zotefoams FINAL EX-DIVIDEND DATE Action Hotels, Advanced Medical Solutions Group, Andrews Sykes Group, British American Inv Trust, Bunzl, Burford Capital , C&C Group, Capita, Cineworld Group, DCC, Downing Three VCT F Shs, Downing Three VCT H Shs, Downing Two VCT F Shs , Downing Two VCT G Shs, Exova Group , FDM Group (Holdings), Hill & Smith Holdings, Huntsworth, IFG Group, Ingenta, Irish Continental Group Units, Manx Telecom , Maven Income & Growth 2 VCT, Menzies(John), Midwich Group, Mincon Group , Morrison (Wm) Supermarkets, Neptune-Calculus Income & Growth VCT, Soco International, Spectris, Tarsus Group, The Gym Group, Venture Life Group, Whitbread, Worldpay Group, Xaar Q1 PJSC Megafon GDR (Reg S) 19-20% yield after June 2017 payable quarterly Grenfell Markets is a private equity and venture capital firm providing access to exclusive private placements and structured products. Our current offering pays quarterly Dividends and Capital Growth Upon Exit. Based on today’s market price ($45-50) investors should expect to receive 19-20% yield after June 2017 payable quarterly. Click here to find out more… US Market Report US close: Markets finish higher as investors mull Fed minutes Wall Street's main market averages finished in the green on Wednesday, with Treasury yields slipping after the release of the minutes from the Federal Open Market Committee's May meeting. The Dow Jones Industrial Average ended up 0.36% at 21,012.41, while the S&P 500 finished 0.25% higher at 2,404.39 and the Nasdaq 100 was firmer by 0.47% at 5,730.30. In bond markets, the US benchmark 10-year note yield was down after the release of the Fed minutes, to trade at 2.255%, while the two-year yield was at 1.273%, after both traded higher before the release. Bond yields move inversely to prices. The minutes suggested the central bank members were in agreement on how the Fed can unwind its $4.5trn balance sheet. It's understood the Fed will implement caps on how much it will allow to drop off the balance sheet without reinvestment each month. There were doubts over how soon such a plan could be implemented, however, with analysts at Rabobank saying: "recent events in Washington DC support our view that the Fed is not going to hike more than twice this year. "As it is becoming increasingly difficult to make fiscal policy, and Trumpgate is likely to continue to hang over the markets like Damocles' sword, we do not think that the Fed's intended third hike will materialise this year. "Note that this could also delay the Fed's plan to reduce its reinvestments until next year." Overnight, Moody's downgraded China's long-term credit rating by one notch to A1 from Aa3 but also changed its ratings outlook to stable from negative. West Texas Intermediate crude oil futures were down after the Department of Energy reported a larger than expected decline in US oil stockpiles, with prices last falling 0.51% to $51.21 per barrel. Existing home sales in the States fell 2.3% on the month in April to reach an annualised rate of 5.57m, against a consensus for 5.7m. Home prices in the US rose at a 0.6% month-on-month clip in March according to FHFA, as expected. On the corporate front, stock in Bunge finished up 1.04% on news that Glencore had approached the grain trader about a potential takeover. Hardware retailer Lowe's tumbled 3% after its first-quarter earnings missed analysts' expectations, but chip maker Nvidia was on the front foot by 1.12% following a report that Japan's SoftBank racked up a $4bn stake in the company. Jewellery retailer Tiffany was knocked 8.71% lower after reporting a weaker-than-expected 3% drop in global like-for-like sales. Women's fashion retailer Chico's FAS dropped 11.27% amid heavy trading volumes after disappointed investors got rid of their shares following the company's first fiscal quarter results and outlook. Dow Jones - Risers Goldman Sachs Group Inc. (GS) $223.83 1.91% Coca-Cola Co. (KO) $45.03 1.44% E.I. du Pont de Nemours and Co. (DD) $78.37 1.34% McDonald's Corp. (MCD) $149.51 1.14% Visa Inc. (V) $94.83 1.01% Boeing Co. (BA) $185.25 0.96% Intel Corp. (INTC) $36.12 0.73% Walt Disney Co. (DIS) $107.71 0.64% Merck & Co. Inc. (MRK) $64.93 0.59% Procter & Gamble Co. (PG) $86.50 0.49% Dow Jones - Fallers General Electric Co. (GE) $27.83 -1.59% Verizon Communications Inc. (VZ) $45.04 -0.97% Cisco Systems Inc. (CSCO) $31.49 -0.85% Wal-Mart Stores Inc. (WMT) $78.15 -0.43% Nike Inc. (NKE) $52.01 -0.36% Exxon Mobil Corp. (XOM) $82.29 -0.35% Apple Inc. (AAPL) $153.34 -0.30% Pfizer Inc. (PFE) $32.03 -0.28% 3M Co. (MMM) $197.49 -0.12% American Express Co. (AXP) $77.12 -0.10% S&P 500 - Risers Intuit Inc. (INTU) $137.83 6.72% First Solar Inc. (FSLR) $38.90 6.66% NRG Energy Inc. (NRG) $16.77 5.54% AES Corp. (AES) $11.75 3.34% Westrock Company (WRK) $54.32 3.06% Mattel Inc. (MAT) $22.41 3.03% Electronic Arts Inc. (EA) $112.31 3.03% Hasbro Inc (HAS) $103.96 2.95% Ryder System Inc. (R) $66.28 2.65% Micron Technology Inc. (MU) $28.99 2.47% S&P 500 - Fallers Tiffany & Co. (TIF) $85.03 -8.71% Signet Jewelers Ltd (SIG) $54.54 -6.59% Advance Auto Parts (AAP) $132.95 -5.43% Range Resources Corp. (RRC) $24.14 -3.79% Alexion Pharmaceuticals Inc. (ALXN) $101.08 -3.40% T. Rowe Price Group Inc. (TROW) $68.68 -3.35% Southwestern Energy Co. (SWN) $6.77 -3.29% Cabot Oil & Gas Corp. (COG) $22.82 -3.10% Lowe's Companies Inc. (LOW) $79.85 -3.02% Helmerich & Payne Inc. (HP) $56.01 -2.57% Nasdaq 100 - Risers Intuit Inc. (INTU) $137.83 6.72% Charter Communications Inc. (CHTR) $329.04 3.22% Mattel Inc. (MAT) $22.41 3.03% Electronic Arts Inc. (EA) $112.31 3.03% Hasbro Inc (HAS) $103.96 2.95% Sirius XM Holdings Inc (SIRI) $5.11 2.82% Micron Technology Inc. (MU) $28.99 2.47% Biogen Inc (BIIB) $253.33 2.11% Tesla Inc (TSLA) $310.22 2.09% Western Digital Corp. (WDC) $89.70 1.90% Nasdaq 100 - Fallers Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $280.51 -3.46% Alexion Pharmaceuticals Inc. (ALXN) $101.08 -3.40% Tractor Supply Company (TSCO) $53.12 -2.16% Fastenal Co. (FAST) $43.64 -1.36% Liberty Global plc Series C (LBTYK) $29.59 -1.30% NetEase Inc. Ads (NTES) $288.61 -1.26% Liberty Global plc Series A (LBTYA) $30.53 -1.20% Liberty Global Plc Lilac Class C (LILAK) $20.73 -1.10% Mylan Inc. (MYL) $39.18 -1.04% Market Analysis 12/05/2017 Today’s highlights: Indices low while oil and gold show gains Wall Street closes lower: All three major indices finished in the red at the end of yesterday’s trading day. Macy’s earnings report missed predictions, causing its stock to tank 17%. Boeing stock drops following 737 problem: Aviation powerhouse Boeing saw its stock price drop yesterday, after announcing it is suspending flights for its 737 Max model due to an engine problem. While prices recovered after the announcement, they fell slightly again after-hours. Asia seen lower: Indices in Asia were trading lower this morning, with the ASX 200 and Nikkei losing 0.87% and 0.57% respectively. Volatility expected for US Dollar today: CPI and Retail reports will be released at 12:30 GMT today. These reports.. Read More... Newspaper Round Up Thursday newspaper round-up: RBS, Opec, Glencore The TUC has urged the next government to take action to boost pay as it warned that borrowing to top up wages was poised to breach the record levels hit just before the financial crisis of a decade ago. Frances O'Grady, the TUC general secretary, expressed alarm at the steady increase in unsecured debt - which excludes mortgages - and called for a higher minimum wage and an end to the tough pay curbs in the public sector. - Guardian British car manufacturing went into reverse in April, with production falling at the fastest rate in more than two and a half years. A total of 122,116 cars rolled off UK production lines last month, 18% fewer than in April 2016, according to the Society of Motor Manufacturers and Traders (SMMT). - Guardian Online wedding company Prezola has received a multi-million pound investment from the Business Growth Fund as it looks to branch out into mobile app technology. The wedding gift list service, which also allows customers to create customisable wedding websites, has received a £3m backing from the BGF, which invests in small and mid-sized firms in the UK. - Telegraph A£200m settlement between Royal Bank of Scotland and thousands of aggrieved shareholders has been hit by further delays after it emerged that lawyers were having difficulty tracking down some investors to ask them to agree to the deal. A High Court trial into RBS's £12bn rights issue at the height of the financial crisis has now been adjourned until June 7 after Jonathan Nash QC, who is acting for the investors, said there had been "logistical" problems contacting some of the claimant shareholders to put a settlement offer to them. - Telegraph Opec oil ministers will meet in Vienna today amid claims that some members are cheating on production quotas, undermining efforts to drive prices higher by extending a deal to curb output. As officials from the 13 member states gathered for a biannual policy meeting in the Austrian capital, there was mounting tension over suspicions that some countries in the organisation, which pumps a third of the world's oil, are failing to honour their commitments under an agreement signed with other exporters in November to slash supply by 1.8 million barrels a day. - The Times The senior independent director at Glencore was rebuked by shareholders yesterday over the commodity group's unusual board structure and opaque pay arrangements. Fourteen per cent of investors who cast a vote voted against the re-election of Peter Grauer, who is also the chairman of Bloomberg, while 5 per cent vetoed the re-election of Tony Hayward, the ex-BP chief who chairs Glencore. - The Times CannaInvestors Hub Magazine - Research for Cannabis Investors Subscribe for Free to the May 2017 issue Featured Companies include HelloMD, AEssenseGrows, MCig, Inc, Grow Condos, Novus Acquisition and Dev, Naturally Splendid Ent Ltd, AusCann Group Holdings. 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