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Guardian CFDs Pre Market Briefing
08:41 03 May 2017
Market Briefing - UK markets finished in positive
territory yesterday, after data showed that UK's
Markit manufacturing PMI climbed to a 3-year high
level in April
UK Market Snapshot
UK markets finished in positive territory yesterday, after data showed that UK's Markit manufacturing PMI climbed to a
3-year high level in April. Ocado Group jumped 5.8%, after news emerged that the company is considering a possible
tie-up with Marks & Spencer Group, up 1.2%. Aberdeen Asset Management advanced 4.3%, after the company
reported much narrowed business outflows in the second quarter and stated that it successfully delivered £70.0 million
of annualised cost synergies. Shire gained 2.5%, after the company posted a significant rise in its revenue for the first
quarter and stated that it was on course to achieve its full-year guidance. BP edged 1.6% up, after the energy giant
swung to a profit in the first quarter. Peer, Royal Dutch Shell added 0.5%. The FTSE 100 advanced 0.6%, to close at
7,250.1, while the FTSE 250 rose 1.0%, to settle at 19,805.3.
US Market Snapshot
US markets closed higher yesterday, with the tech-heavy NASDAQ index closing at a record high level for the second
session in a row, amid strong earnings reports. Angie's List rallied 61.5%, after IAC, up 14.3%, agreed to acquire the
former in a deal worth more than $500.0 million to combine it with its HomeAdvisor site and form a new company, ANGI
Homeservices. Aetna climbed 1.6%, despite reporting a loss for the first quarter due to termination of its Humana
merger agreement. However, the health insurer still surpassed earnings expectations and raised its 2017 forecast.
Merck added 0.5%, after the drugmaker posted upbeat profit and sales for the first quarter and upgraded its full-year
outlook. On the losing side, Advanced Micro Devices plunged 24.2%, after the company posted a net loss for the first
quarter and a drop in its revenue due to a decrease in its mobile and graphics processor sales. The S&P 500 gained
0.1%, to settle at 2,391.2. The DJIA rose 0.2%, to settle at 20,949.9, while the NASDAQ advanced 0.1%, to close at
6,095.4.
Europe Market Snapshot
Other European markets ended in the green yesterday, as investor sentiment was boosted by news that Greece had
agreed to a bailout deal and economic data showed that the Euro-zone manufacturing activity expanded at the fastest
pace in six years in April. Greek banks, National Bank of Greece, Piraeus Bank and Eurobank Ergasias surged 5.9%,
10.8% and 13.3%, respectively. UBS Group edged 0.7% up, after the bank agreed to pay $445.0 million in order to
settle claims over the US mortgage security dispute. Novartis added 0.6%, after the US FDA granted the company
approval for the drug for acute myeloid leukaemia (AML) first time in more than 25 years. Bucking the trend, Hexpol
plunged 9.4%, after a leading broker downgraded its rating on the stock to 'Hold' from 'Buy'. The FTSEurofirst 300 index
gained 0.7%, to close at 1,527.6. Among other European markets, the German DAX Xetra 30 rose 0.6%, to close at
12,507.9, while the French CAC-40 advanced 0.7%, to settle at 5,304.2.
Asia Market Snapshot
Major markets in Asia are closed today for holidays. In Japan, markets are closed on account of the observance of
Constitution Day, while equity markets in Hong Kong and South Korea are shut on account of Buddha's Birthday.
However, Chinese equities are trading on a weaker footing today. Yesterday, the Nikkei 225 index rose 0.7%, to settle
at 19,445.7. The Hang Seng index gained 0.3%, to close at 24,696.1, while the Kospi index advanced 0.7%, to settle at
2,219.7.
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Key Corporate Announcements Today
AGMs
Carillion, Empresaria Group, Frenkel Topping, International Personal Finance, Intu Properties, Lancashire Holdings,
Ocado, Secure Trust Bank, Spirent Communications, Standard Chartered, Virgin Money, BlackRock Latin American Inv
Trust, Dairy Farm International, Hongkong Land Holding Ltd. (Sing.Reg), Mandarin Oriental International (Singapore),
The Renewables Infrastructure Group LIMIted
Final Dividend Payment Date
EMIS Group, Schroder Asian Total Return Investment Company
Interim Dividend Payment Date
Carador Income Fund USD Shares
Quarterly Payment Date
Mercantile Investment Trust (The)
Trading Announcements
Carillion, Centamin, Concentric, Delphi Automotive, Direct Line Insurance, Indivior, International Personal Finance, Intu
Properties, LivaNova, Paddy Power
Key Corporate Announcements for Tomorrow
AGMs
Computacenter, Elecosoft, GKN, GlaxoSmithKline, Gresham Technologies, IMI, Inmarsat, Jardine Matheson Holdings
Ltd (Singapore Reg), Jardine Strategic Holdings Ltd. (Singapore), Johnson Service Group, Ladbrokes Coral Group,
Moneysupermarket.com Group, Morgan Sindall Group, Reckitt Benckiser Group, Rolls-Royce Holdings, Sagicor
Financial Corporation Limited (DI), St James's Place, Stadium Group, Trinity Mirror, Arbuthnot Banking, Dialog
Semiconductor
Final Ex-Dividend Date
Acacia Mining, Card Factory, Cello Group, Coats Group, Croda International, Derwent London, Dunedin Income Growth
Inv Trust, Ebiquity, Empresaria Group, EP Global Opportunities Trust, F&C Private Equity Trust, Ferrexpo, H&T Group,
Harworth Group, Hastings Group Holdings, Henderson Group, Highcroft Investment, Holders Technology,
InterContinental Hotels Group, JRP Group, Kingfisher, London Stock Exchange Group, Lookers, Luceco, Maven
Income & Growth VCT, McColl's Retail Group, Microgen, Morgan Advanced Materials, Mortgage Advice Bureau
(Holdings), Norsk Hydro ASA, Playtech, Polymetal International, Rightmove, SafeCharge International Group Limited
(DI), Servelec Group, SimiGon Ltd. (DI), SThree, Stock Spirits Group, Total Produce, Volga Gas
Final Dividend Payment Date
AFH Financial Group, Amiad Water Systems Ltd, British American Tobacco, Jardine Lloyd Thompson Group, Miton
Group, Schroders, Schroders (Non-Voting), SEGRO, Ultra Electronics Holdings
Interim Ex-Dividend Date
AB Dynamics, Albion Development VCT, BlackRock Greater Europe Inv Trust, Blackstone/GSO Loan Financing
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Limited, British Smaller Companies VCT, Chenavari Capital Solutions Limited Red, CVC Credit Partners European
Opportunities Ltd GBP, Ecofin Global Utilities and Infrastructure Trust, Edinburgh Inv Trust, Fair Oaks Income Limited
2017 Shs NPV, GCP Asset Backed Income Fund Limited, GCP Student Living, Henderson Far East Income Ltd.,
Invesco Perpetual UK Small Companies Inv Trust, James Halstead, P2P Global Investments, Pembroke VCT,
Pembroke Vct B, Schroder Real Estate Investment Trust Ltd, Smart (J) & Co., Starwood European Real Estate Finance
Ltd, Swallowfield, Symphony International Holdings Ltd., Target Healthcare REIT Ltd, Tritax Big Box Reit
Interim Dividend Payment Date
Volution Group (WI)
Special Ex-Dividend Payment Date
Derwent London, EP Global Opportunities Trust, Henderson Group, Volga Gas
Quarterly Ex-Dividend Date
JPMorgan Claverhouse Inv Trust, SQN Asset Finance Income Fund Limited, SQN Secured Income Fund, Toro Limited,
Unilever
Trading Announcements
Morrison (Wm) Supermarkets, Purplebricks Group, RSA Insurance Group, esure, Fisher (James), Glencore, HSBC,
IMI, Inmarsat, Lancashire Holdings, Next, OM Asset Management, Randgold Resources, Royal Dutch, Trinity Mirror,
Willis Towers Watson
Key Economic News
UK manufacturing PMI unexpectedly rose in April
In April, the manufacturing PMI in the UK registered an unexpected rise to 57.30, compared to market expectations of a
drop to 54.00. The manufacturing PMI had recorded a level of 54.20 in the prior month.
UK BRC shop price index dropped as expected in April
On an annual basis, in the UK, the BRC shop price index recorded a drop of 0.50% in April, compared to a fall of 0.80%
in the prior month. Markets were anticipating the BRC shop price index to ease 0.50%.
Euro-zone unemployment rate remained unchanged in March
The unemployment rate remained flat at a level of 9.50% in March, in the Euro-zone. Markets were anticipating the
unemployment rate to drop to 9.40%.
Euro-zone manufacturing PMI climbed in April
The final manufacturing PMI in the Euro-zone recorded a rise to 56.70 in April, compared to a level of 56.20 in the
previous month. Markets were anticipating the manufacturing PMI to climb to a level of 56.80. The preliminary figures
had recorded a rise to 56.80.
German manufacturing PMI fell in April
In Germany, the final manufacturing PMI recorded a drop to 58.20 in April, compared to a level of 58.30 in the previous
month. The preliminary figures had also indicated a drop to 58.20. Markets were expecting manufacturing PMI to fall to.
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French manufacturing PMI rose in April
The final manufacturing PMI registered a rise to 55.10 in France, in April, meeting market expectations. The preliminary
figures had also recorded an advance to 55.10. In the previous month, manufacturing PMI had registered a reading of
53.30.
Italian manufacturing PMI advanced in April
Compared to a reading of 55.70 in the previous month the manufacturing PMI registered a rise to 56.20 in Italy, in April.
Market anticipation was for the manufacturing PMI to climb to a level of 56.00.
Italian unemployment rate surprisingly rose in March
In March, unemployment rate climbed unexpectedly to 11.70% in Italy, compared to a level of 11.50% in the previous
month. Market anticipation was for unemployment rate to record a flat reading.
Spanish manufacturing PMI climbed in April
The manufacturing PMI rose to a level of 54.50 in April, in Spain, compared to market expectations of a rise to 54.40.
The manufacturing PMI had recorded a reading of 53.90 in the prior month.
Swiss SVME manufacturing PMI dropped in April
The SVME manufacturing PMI registered a drop to 57.40 in April, in Switzerland, compared to a reading of 58.60 in the
previous month. Markets were expecting the SVME manufacturing PMI to ease to a level of 58.20.
US Redbook index rose in the last week
In the week ended 28 April 2017, on a monthly basis, the seasonally adjusted Redbook index recorded a rise of 1.30%
in the US. In the prior week, the Redbook index had recorded a rise of 1.20%.
US New York City current business condition index fell in April
In April, the New York City current business condition index fell to a level of 55.80 in the US. In the previous month, the
New York City current business condition index had recorded a reading of 56.50.
US Redbook index advanced in the last week
The Redbook index in the US recorded a rise of 2.30% in the week ended 28 April 2017 on an annual basis. The
Redbook index had registered a rise of 1.70% in the prior week.
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The Business Centre 6 Wool House, 74 Back Church Lane
London, E1 1AF
United Kingdom Company No. 05639690
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