Thursday, May 18, 2017

FINANCIAL MARKET UPDATE 18/05/2017


The FTSE 100 is called to open 27 points lower at 7476
UK Gilt 10 Year Yield 1.066 Spot Gold $1259.06 -2.36 Brent Crude $52.17 -0.16
$ per £ 1.2952
€ per £ 1.1634
$ per € 1.1131
US stock indices suffered their worst trading day in eight months on Wednesday, as concern mounted that political turmoil in Washington could derail President Donald Trump's efforts to push through pro-growth policies. The Dow Jones Industrial Average Index closed down 372.82 points, or 1.78pc, at 20,606.93. Meanwhile, the S&P 500 fell 43.25 points, or 1.8pc, to 2,356.71, it's biggest drop sinc Sep 9. The Nasdaq was down 158.636 points, or 2.57pc, at 6,011.23. US stocked slumped on the back of reports which emerged on Tuesday night that Mr Trump asked the former FBI director, James Comey, to end an investigation into his former national security adviser, Michael Flynn. VIX CLOSED ABOVE 15 TO 15.07, HIGHEST INTRADAY SINCE APRIL.
PRESS COMMENTARY
Britain will “pay a price” for stopping the free movement of workers in Europe, Angela Merkel said yesterday as she warned of tit-for-tat measures in response to changes to consumer or environmental protections after Brexit, Times.
COMPANY NEWS
Cineworld Revenue Grows, on Track to Meet FY Expectations.
Land Securities Increases Dividend as Development Pays Off.
Inmarsat to Focus on Network Expansion Before Deals, CEO Says.
National Grid FY Adjusted Operating Profit Beats Est.
3i Group Total Returns Rise 93 Percent on Infrastructure Gains.
Experian PLC said fiscal 2017 pretax profit rose 11% and it would buy back $600 million worth of shares in the new fiscal year.
Cairn Energy Says Senegal SNE-6 Well Being Plugged, Abandoned.
Balfour Beatty PLC said trading is in line with expectations and that it continues to make good progress on its transformation program.
Thomas Cook 1H Revenue GBP2.99b.
Hargreaves Lansdown Has 4-Month Inflows; Chairman to StepDown.
ConocoPhillips Lowers 2Q Production Guidance on FCCL Sale.
Cisco Revenue Forecast Disappoints, Hurt by Networking Shift.
Greggs 19-Weeks Total Sales Up 7.5% vs 5.7% in Year Ago Period.
Bloomsbury Publishing PLC reported a 8.9% fall in pretax profit for fiscal 2017, which it cited to investments in its digital growth strategy and the end of its seven year Qatar Foundation contract.
Nedbank’s First-Quarter Revenue Growth Slower Than Expected.
Rank Group LFL Revenue Edges Up, FY Expectations Unchanged.
Royal Mail FY Adjusted EPS Beats Est.
Kraft Heinz said to have lined up tens of billions in financing from banks to help buy Colgate-Palmolive.
Abcam PLC said it was set to make its final performance-based payment to AxioMx Inc, which it acquired in November 2015.
Rio Tinto to Improve Payment Terms for Some Smaller Suppliers.
Dairy Crest FY Revenue Misses Est.
Facebook Inc. may be fined as soon as Thursday by the European Union for misleading regulators during a 2014 review of the WhatsApp messaging service takeover, a person familiar with the situation said.
Hedge Funds Creep Into Valeant Seeing Rebound That Eluded Ackman.
Burberry Group Plc reported earnings that beat estimates as cost-cutting and improving consumer trends in China shored up the company’s performance as it prepares for the arrival of a new chief executive officer.
Investec FY Net Income Rises to 487.1m Pounds vs 423.1m Pounds, raises Dividend to 23p Vs 21p. Source Quilter Cheviot


No comments:

Post a Comment