Day Ahead

Friday, December 21, 2012, Marketing Communication Cantor Opening Call On what will be the last trading day of the year for many market participants the FTSE is seen starting the day down around 20 points lower today UK Corporate Announcements No UK Companies detailed results today UK Market News UK Consumer Confidence fell in December from the 18 month highs as sentiment falls to -29 from -22 in November Ofcom today details the final determinations of disputes regarding charges for Ethernet services ; http://stakeholders.ofcom.org.uk/enforcement/competition-bulletins/closed-cases/all-closed-cases/ The UK Competition Commission confirms its preliminary findings that the proposed acquisition by Akzo Nobel of Metlac Holdings would result in a substantial lessening of competition in the UK The FT writes on how Selfridges has bought a London office block and may expand The UK sells bills at 12:10 FTSE 100 Movers UK Analyst Upgrades Ferrexpo Pt Raised To 270P Vs 240P At Morgan Stanley TUI Travel Raised to 'Neutral' at HSBC UK Analyst Cuts None Detailed UK Insider Buying None Detailed UK Insider Selling Hsbc Holdings Plc, (HSBA), 2 insider(s) sold 296476 shares, £6.51 Major European Companies Reporting None Detailed European Market Summary Spain has stated that meetings its deficit targets for 2012 would be difficult amid the recession Spain’s FCC states that it will not be paying a dividend this year in order to strengthen its balance sheet, and will concentrate on its core business and sell non strategic assets Arcelor Mittal states that it is taking a Q4 non cash impairment charge of $4.3bn citing the macro, market environment in Europe Cyprus has had its credit rating cut to CCC+ from B by S&P with a negative outlook Fitch has revised Hungary’s outlook to stable from negative Deutsche Telekom announces that its CEO is to step down at the end of next year Major US Stock Movers After Hours Westway Group gained 8% after hours as EQT Infrastructure announces it is to buy the group for $6.70/share in cash Nike gained 5% as its Q2 numbers beat the expectations and it gave an optimistic look for the key days ahead Research in Motion slipped 10% after hours as it announced poor numbers and details a Q4 operating loss, as it continues to struggle in the new smart phone market Hemispherx BioPharma fell over 20% as an FDA panel fails to approve the use of a key new drug S&P 500 Companies Reporting Walgreen Co, Q1, 0.684 US Market News The US House cancelled plans to vote on Boehner’s Tax ‘ Plan B’ and Burton has stated that the US House now plans no votes until after Christmas, the news caused some dramatic moves in the US futures overnight, however the tone has calmed as we approach the European open Mohawk announces it is to buy Marazzi Group for $1.5bn in cash and equity making a world leading in ceramic tiles IntercontinentalExchange has agreed to acquire NYSE Euronext for $8.2bn, a 38% premium to the closing price, and states it is exploring the option of listing the Euronext unit S&P details that Abbvie will replace Federated Investors in the S&P 500 Overnight Market News A former banker that allegedly aided Olympus in its accounting fraud has been arrested in the US The China Securities Regulatory Commission has approved Zhengzhou Commodity Exchange to trade rapeseed futures Economic Data Due 00:01 UK December GfK Consumer Confidence, -26 exp. -22 previous 09:30 UK Q3 GDP, 1.0% exp. 1.0% previous 13:30 US November Personal Income, 0.3% exp. 0.0% previous 13:30 US November Durable Goods Orders, 1.0% exp. 0.0% previous 14:45 US Uni. of Michigan Confidence, 75.0 exp. 74..5 previous Economic Events EU-Russia Summit in Brussels UK GDP Contact Us For Spread Bet Sales:- 0044 (0) 207 894 8800 For CFD Sales/Traders:- 0044 (0) 207 894 8883 Email:- sales@cantorcapital.com Footnotes All times given are BST Cantor Call, as at 7:15am S&P Companies Reporting: (BMO) - Before Market Open (AMC) - After Market Close Analyst Changes, as at 6:45am Insider Deals data compiled from Director/PDMR Shareholding forms published in the past 24 hours (ex weekends). 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