Day Ahead

Monday, January 28, 2013, Marketing Communication Cantor Opening Call The FTSE is seen starting the week up around 20 points higher UK Corporate Announcements Mitie Group states that its four month progress has been in line with the forecasts Sthree announces full 2012 revenues of £577m from £542m, and a pre-tax profit of £25.3m easyJet’s details that its chairman Mike Rake plans to step down this summer Aveva states that the group overall has continued to perform well UK Market News The Telegraph writers on how Ernst & Young’s managing partner for Europe has attacked moves for a ‘moral tax code’ stating that accountants have a duty to pay the lowest rate permitted and that if politicians were unhappy with the laws being used, then the laws should be changed The Telegraph also details how 46% of the largest City firms are owned by foreign investors UK House prices stayed flat in January, with the number of new buyers also slipping The Independent highlights how final salary pension schemes continue to disappear, with just 13, of 6,000 final salary schemes still open to new workers De La Rue has reportedly missed out on a possible larger contract to supply bank notes to China Sunday Press suggest that Barclays is planning to raise £2bn through a capital raising, while reports also suggest that its Asian Sales Trading head Norris may leave UK Analyst Upgrades Randgold Raised To Buy At Bofaml UK Analyst Cuts Carphone Warehouse Cut From Equalweight At Morgan Stanley Carphone Warehouse Cut To Underweight At Morgan Stanley Debenhams Cut To Equalweight Vs Overweight At Morgan Stanley Greene King Cut To Neutral Vs Buy At Goldman Home Retail Cut To Equalweight Vs Overweight At Morgan Stanley UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Ryanair Holdings PLC, Q3, 0.006 European Market Summary Ryanair has lifted its full year outlook to €540m from €490-520m The chairman of UBS has reportedly suggested an industrywide libor settlement Cyprus has had its ratings cut by two notches to B by Fitch, citing the ongoing bank bailout costs Italy is to sell up €6.75bn in Bonds at 11:00, Germany sells €3bn in Bills at 11:30, and France sells up to €7.5bn in Bills at 14:50 Unemployment in the EU gained to 11.9% in December, with results for January expected to show unemployment up to its highest level since records began in 1995 Major US Stock Movers After Hours There were no major movers after hours S&P 500 Companies Reporting American Electric Power Co Inc, Q4, 0.455,  Biogen Idec Inc, Q4, 1.459,  BMC Software Inc, Q3, 1.015,  Caterpillar Inc, Q4, 1.703,  Plum Creek Timber Co Inc, Q4, 0.286,  Roper Industries Inc, Q4, 1.46,  Seagate Technology PLC, Q2, 1.278,  Yahoo! Inc, Q4, 0.279,  Zions Bancorporation, Q4, 0.319 US Market News The Fed has warned US banks that global regulators may not be united in their efforts to stop the failure of larger financial institutions Apple closed down under $440 on Friday, when it was trading above $700 just a few months ago it was the largest company the world has ever seen, now it has moved to the second largest company in the world, back behind Exxon Mobil Barron’s suggests that Dole Foods could gain by as much as 100% after its Asian asset sales, Ryman Hospitality is also flagged up as a possible gainer ahead, but also warns that US defense contractors could slide on the expected government spending cuts seen The paper suggest that Apple now looks good value, as it could sell $50bn in debt and buy back as much as 10% of its own stock Twitter has received funding from Blackrock valuing the social media group at $9bn Transocean will be eyed after Carl Icahn files that he now has a 5.61% stake The movement in Apple has allowed the VIX to tick higher in recent days, now up 1.6% to 12.89 Overnight Market News China is reportedly looking at ending its decade long ban on the manufacture, sale and import of video game consoles, which could boost the likes of Microsoft and its Xbox against major Japanese rivals Nintendo and Sony Zhejang Geely may buy out Manganese Bronze for less than £2.7m Economic Data Due 09:00 Eurozone M3, 3.9% exp. 3.8% previous 13:30 US December Durable Goods, 1.9% exp. 0.7% previous 15:00 US December Pending Homes Sales m/m, 0.4% exp. 1.7% previous Economic Events WTO Dispute Settlement Body Meets US Durable Goods 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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