Day Ahead

Tuesday, January 22, 2013, Marketing Communication Cantor Opening Call The FTSE is called to open today around unchanged to up 5, as we wait for the US markets to come back from the long weekend UK Corporate Announcements Netcall states that it remains confident of achieving a successful outcome for the full year Fresnillo details that 2012 silver output has met its guidance, and gold output was ahead SABMiller announces total volumes gained 6% up 17% on a reported basis and states the final quarter was in line with the expectations Marston’s announces brewing profits are in line with the forecasts, and operating margins are slightly ahead Dignity announces that it is acquiring Yew Holdings for £58.3m and is raising £24.2m UK Market News The business press highlights how a group of Barclays employers have lost their court request to keep their names private, as part of the Libor investigations A Bloomberg survey has two thirds of international investors looking to increase their holdings in Equities in the next six months, and as a group are more bullish on stocks than they have been for over 3 years Ocado has confirmed today that Stuart Rose is to succeed Grade who is to step down as chairman this year Bloomberg reports on some market talk that recent share price falls in BG have opened up possible bid talk Mervyn King speaks in Northern Ireland later today as some suggest that the latest cold snap could drag the UK down into a triple dip recession Anglo American and Anglo American Platinum will be eyed after the secretary general of the ANC states that ‘They have stolen our money’ and that the state must take a bigger interest and control 09:30 UK sells £1.75bn of 10 year bonds UK Analyst Upgrades Bt Group Resumed At Overweight At Jpmorgan; Pt 280P Jupiter, Schroders Raised To Buy Vs Neutral At Citi National Grid Raised To Outperform From Underperform At Exane Shire Pt Raised 14% To 2,400P At Exane; Kept At Outperform Virgin Media PT Raised 27% to 3,300p at Exane UK Analyst Cuts None Detailed UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Castellum AB, R, 6.681 European Market Summary EU Ministers meet today with reports suggesting that they have agreed on €9.2bn aid package for Greece The CEO of EADS states that it will meet or beat earnings and sales goals at its 4 main units when it reports S&P affirms that it keeps a negative watch on Portugal’s rating German press has obtained Siemens results ahead of official publication and states that profit from continuing operations has stayed flat from last year David Cameron is due to meet with Medvedev  in Davos Major US Stock Movers After Hours The US markets were closed yesterday S&P 500 Companies Reporting Advanced Micro Devices Inc, Q4, -0.18,  CA Inc, Q3, 0.605,  CSX Corp, Q4, 0.39,  EI du Pont de Nemours & Co, Q4, 0.072,  Freeport-McMoRan Copper & Gold Inc, Q4, 0.718,  Google Inc, Q4, 10.561,  International Business Machines Corp, Q4, 5.247,  International Game Technology, Q1, 0.244,  Intuitive Surgical Inc, Q4, 4.038,  Johnson & Johnson, Q4, 1.169,  Norfolk Southern Corp, Q4, 1.188,  Regions Financial Corp, Q4, 0.207,  Texas Instruments Inc, Q4, 0.072,  Total System Services Inc, Q4, 0.328,  Travelers Cos Inc/The, Q4, 0.131,  Verizon Communications Inc, Q4, 0.518,  Waters Corp, Q4, 1.585 US Market News The corporate reporting season continues apace in the US today as those results traditionally scheduled for yesterday are held back until today, so far 72% of corporate earnings have surpassed the expectations The S&P 500 is now just 5% under its all time highs, profits for companies in the index are expected to top $1tn in 2013, up 31% from the previous peak, and even at a price earnings ratio of 9.8%, under the 60 year average, the all time highs looks set to be breached this year The move has allowed the likes of Calpers to move to 97% of its 2007 highs at $253.2bn Apple is due to report tomorrow, and may post its first profit drop in over a decade and just 18 months since Tim Cook took over from Steve Jobs Overnight Market News The Japanese 5 year yield has dropped down to its lowest level since 2003, to 0.145% as it announces that it is adopting a 2% inflation target and moves to open ended asset purchases Malaysian markets have dropped down to 6 week lows after concerns that the upcoming election may end the current coalition Economic Data Due 09:30 UK December PSNCR, -£13.6bn exp. 10:00 Germany January ZEW Survey, 6.0 exp. 5.7 previous 11:00 UK January CBI Trends, -10 exp. -12 previous 15:00 US December Existing Home Sales, 5.1m exp. 5.04m previous Economic Events EU-27 Finance Ministers Meet in Brussels Eurozone ZEW 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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