Day Ahead

Monday, January 21, 2013, Marketing Communication Cantor Opening Call The FTSE is seen opening up around 20 points higher this morning on trading which may be muted as US markets are closed today UK Corporate Announcements Pearson details that it continues to gain share in key markets and sees 2012 operating profit of around £935m and sees its full year EPS in line, and sees a challenging year ahead HR Owen states that full year results are seen ahead of the market estimates Restore states that trading has been in line with the expectations UK Market News European finance ministers meet in Brussels today with latest debate likely to be on the details on how and when the €500bn ESM can bypass governments and provide direct helps to banks David Cameron’s office is due to detail today the time and date for his delayed Europe speech The CBI suggest that the UK financial industry will lose 43,000 jobs in six months The Sunday Times suggests that BAE may cut 1,400 jobs and close a base in Portsmouth UK Analyst Upgrades Henderson Raised To Buy Vs Neutral At Citi IAG Raised To Outperform At Credit Suisse UK Analyst Cuts IAG Cut To Neutral Vs Buy At Citi Easyjet Cut To Neutral Vs Buy At Citi UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Novozymes A/S, R, 6.181,  Wincor Nixdorf AG, Q1, 0.796 European Market Summary BASF is reportedly close to agreeing a $900m deal to acquire Pronova BioPharma Italy’s Finance under secretary states that it needs to cut €9bn to meet its deficit targets Nokia is expected to issue a high yield bond looking to raise €700m France is due to sell up to €4.4bn in Bills at 14:50, while the Netherlands sells €3bn in Bills at 11:00 Major US Stock Movers After Hours Caterpillar announces that it is taking a $580m writedown on a China accounting ‘misconduct’ S&P 500 Companies Reporting None Detailed US Market News Today is a Market holiday in the US Monday 21st January, Martin L King Day Citigroup details that it will cut its investment bank bonuses by up to 20% The House vote on increasing the US debt limit has been rescheduled for January 23 Hilary Clinton stated last week that the US opposes any effort to disrupt Japan’s administration of the disputed islands, with China responding stating that she was ‘ignorant of the facts’ The VIX keeps on falling now down 8.2% to 12.5 Barron’s suggests that Crocs could gain 35% as it adds lines and full line outlets The paper also flags up analysts that see Fossil up as much as 15% as licensing revenues gained And finally the paper suggests that Lumber Liquidators could fall if it fails to continue expanding earnings above the estimates Overnight Market News Reliance Industries was the top gainer in the Sense Index up 6% as it announces Q3 numbers well ahead of the forecasts Fraser & Neave gained 2% to a fresh record after reports that Thai billionaire Charoen Sirivadhanabhakdi lifted his bid to $11.4bn Economic Data Due 00:01 UK January Rightmove House Prices, -3.3% previous Economic Events Euro-Area Finance Ministers Meet in Brussels UK Rightmove House Prices 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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