Day Ahead

Thursday, January 24, 2013, Marketing Communication Cantor Opening Call The FTSE is seen opening flat to a little lower today UK Corporate Announcements Easyjet announces that it has made a strong start to the year on Q1 revenues of £833m and stays confident on its outlook London Stock Exchange states that it has made good progress against a backdrop of challenging markets, with total income up 6% to £208.9m First Group states that trading has been strong and that UK LFL business gained 2.1% and that it remains committed to leading UK rail position Chemring announces that expectations for the full year remain unchanged, and that the difficult markets are seen remaining in 2013 as it announces an adjusted pre-tax profit of £70.1m from £120.1m AG Barr states that trading in the final quarter was ahead of the market, and is cautiously optimistic on its outlook and sees the Britvic merger effective February 26 St James Place announces that funds under management stands at £24.8bn and continues to retain 95% of clients funds Invensys announces that it sees an improved full year performance and states that H1 performance has continued into Q3 Carphone Warehouse confirms its full year guidance and announces Q3 same store sales gained 7.8% Punch Taverns announces that its CEO plans to resign and move over to be CEO at Greggs UK Market News Mark Carney has stated that the committee structure of the Bank of England will not be overshadowed by him when he joins in July The Telegraph writes that Merkel has hinted that they may be room for possible deals with David Cameron The FSA confirms that it is looking into ICAP over Libor fixing The chief of Centrica states that that shale gas would not boost the UK’s economy due to obstacles to its development The IMF has cut its growth forecasts for Britain to 1%, down from 1.1% The latest survey has the support for Scottish Independence at its lowest level since 1999 UK Analyst Upgrades Britvic Raised To Neutral Vs Underperform At Bofaml Randgold Resources Raised To Buy Vs Neutral At Bofaml Severn Trent Raised To Neutral Vs Underperform At Bofaml Unilever Plc Pt Raised 2% To 2,500P At Exane; Kept At Neutral UK Analyst Cuts Darty Cut Neutral Vs Buy At Ubs UK Insider Buying None Detailed UK Insider Selling Burberry Group Plc, (BRBY), 1 insider(s) sold 30000 shares, £13.67 FTSE 100 Movers Major European Companies Reporting Banco de Sabadell SA, R, -0.032,  Kone OYJ, R, 2.444,  Logitech International SA, Q3, 0.318,  Lonza Group AG, R, 4.079,  Nokia OYJ, R, -0.224,  Svenska Cellulosa AB, R, 7.865,  Ziggo NV, R, 1.154 European Market Summary The Bank of Italy states that Monte Paschi hid documents from regulators on financial transactions that could force it to restate profits, while Reuters suggests that Europe may hold stress tests again in September Siemens’ shareholders have agreed to the plans to spin-off its Osram lighting unit Fitch has revised its forecasts on Belgium to stable from negative Major US Stock Movers After Hours Netflix gained a massive 33% after hours as subscribers numbers growth led to a surprise quarterly profit Mellanox the Israeli based data storage technology group fell 28% as it announces lower than expected Q2 sales S&P 500 Companies Reporting 3M Co, Q4, 1.411,  Airgas Inc, Q3, 1.077,  AmerisourceBergen Corp, Q1, 0.665,  AT&T Inc, Q4, 0.464,  Baxter International Inc, Q4, 1.259,  Bristol-Myers Squibb Co, Q4, 0.429,  Celgene Corp, Q4, 1.311,  Dover Corp, Q4, 1.071,  E*TRADE Financial Corp, Q4, -0.41,  EQT Corp, Q4, 0.421,  Jacobs Engineering Group Inc, Q1, 0.754,  Juniper Networks Inc, Q4, 0.217,  KeyCorp, Q4, 0.21,  KLA-Tencor Corp, Q2, 0.565,  Lockheed Martin Corp, Q4, 1.814,  McCormick & Co Inc/MD, Q4, 1.143,  Microsoft Corp, Q2, 0.754,  Precision Castparts Corp, Q3, 2.464,  Raytheon Co, Q4, 1.305,  Southwest Airlines Co, Q4, 0.073,  Stanley Black & Decker Inc, Q4, 1.446,  Starbucks Corp, Q1, 0.573,  Union Pacific Corp, Q4, 2.163,  VeriSign Inc, Q4, 0.51,  WW Grainger Inc, Q4, 2.605,  Xerox Corp, Q4, 0.292 US Market News Apple is likely to set the tone today, falling as much as 11% in late trading as it announced its slowest profit growth since 2003 and weakest sales growth in 14 quarters, as analysts remain concerned at how quickly the sales have dropped off following the death of Steve Jobs last year The wider market response to Apple will be interesting as it is the first major miss of the current reporting season, which on average so far has beaten the expectations Overnight Market News Japan officials have state that yen at 100 per dollar is no problem, but that at 110-120 adds import costs Tata Motors has come off 10% citing lower Jaguar sales Economic Data Due 09:00 Eurozone January PMI Services, 48.0 exp. 47.8 previous 13:30 US Initial Jobless Claims, 360k exp. 335k previous 15:00 US December Leading Indicators, 0.3% exp. -0.2% previous Economic Events Bank of Japan December Meeting Minutes US Initial Jobless Claims 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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