Day Ahead

Wednesday, January 30, 2013, Marketing Communication Cantor Opening Call The FTSE is seen opening down around 5 points this morning UK Corporate Announcements Imperial Tobacco states that it stays confident on its strategic focus and that the macro economic environment remains challenging Polymetal details that Q4 sales gained 5% to $571m United Utilities states that it is trading in line and stays confident on its prospects Renishaw announces H1 adjusted operating profit of £42.3m up 42% and lifts its dividend buoyed by growth in China Safestore announces that its CFO resigns and details a full year pre-tax loss of £19.5m from a profit of £8.5m  and sees a challenging year ahead UK Market News India’s Finance Minister states that he hopes the $2.6bn tax dispute with Vodafone could get resolved in talks this week The FT writes that RBS is winding down its M&A business after attempts to spin off the unit failed FTSE 100 Dividends:- None Scheduled FTSE 250 Dividends:- Bankers Investment Trust PLC/The, BNKR, (3.43),  Fenner PLC, FENR, (7),  Merchants Trust PLC/The, MRCH, (5.80),  Pennon Group PLC, PNN, (8.76) FTSE Small Share:- BlackRock Frontiers Investment Trust PLC, BRFI, ($0.026),  City Natural Resources High Yield Trust PLC, CYN, (.86) UK Analyst Upgrades Imagination Raised To Overweight Vs Equalweight: Morgan Stanley Wpp Pt Raised To 1,150P Vs 800P At Jefferies UK Analyst Cuts None Detailed UK Insider Buying Experian Plc, (EXPN), 1 insider(s) bought 20000 shares, £10.84 Easyjet Plc, (EZJ), 1 insider(s) bought 1066 shares, £9.3 UK Insider Selling Kcom Group Plc, (KCOM), 1 insider(s) sold 500000 shares, £0.74 Pennon Group Plc, (PNN),  insider(s) sold 5000 shares, £7.07 FTSE 100 Movers Major European Companies Reporting Coloplast A/S, Q1, 3.026,  Fiat SpA, R, 0.311,  Hennes & Mauritz AB, R, 10.155,  NCC AB, R, 14.967,  Nordea Bank AB, R, 0.751,  Roche Holding AG, R, 13.683,  Scania AB, R, 8.238,  SKF AB, R, 10.18,  STMicroelectronics NV, R, -0.229,  Swedbank AB, R, 12.246,  Unibail-Rodamco SE, R, 9.451,  Zardoya Otis SA, R, 0.489 European Market Summary GfK states that it has taken provisions of various suspected Turkish irregularities reportedly where its Turkish subsidiary may have collaborated to defraud GfK through tax and social security avoidance schemes over several years Europe’s leading trade official has become more terse with Chinese officials stating that Europe needs a larger share of the Chinese market in telecoms equipment Swiss banks have reportedly lifted the cost for holding physical gold by 20% Germany sells €1bn in 30 year notes at 11:30 Major US Stock Movers After Hours Amazon gained after hours as it announces Q4 operating profit ahead of the forecasts although revenues slightly missed, it gained a solid 8% after hours as it detailed that gross margins had improved to 24.1% from 20.7% S&P 500 Companies Reporting ADT Corp/The, Q1, 0.43,  Ameriprise Financial Inc, Q4, 1.47,  AvalonBay Communities Inc, Q4, 1.392,  Avery Dennison Corp, Q4, 0.486,  Boeing Co/The, Q4, 1.186,  Citrix Systems Inc, Q4, 0.841,  ConocoPhillips, Q4, 1.414,  Electronic Arts Inc, Q3, 0.561,  Hess Corp, Q4, 1.253,  Hudson City Bancorp Inc, Q4, 0.119,  JDS Uniphase Corp, Q2, 0.139,  L-3 Communications Holdings Inc, Q4, 2.121,  Marathon Petroleum Corp, Q4, 2.074,  MeadWestvaco Corp, Q4, 0.181,  Murphy Oil Corp, Q4, 1.344,  Northrop Grumman Corp, Q4, 1.736,  Owens-Illinois Inc, Q4, 0.365,  Phillips 66, Q4, 1.664,  QUALCOMM Inc, Q1, 1.125,  Rockwell Automation Inc, Q1, 1.254,  Southern Co/The, Q4, 0.39,  Wisconsin Energy Corp, Q4, 0.42 US Market News Sources suggest that the CEO at Chesapeake was forced out by Carl Icahn, Aubrey McClendon co-founded the company, the stock fell over 43% last year, the stock gained 9% after hours on the news Michael Dell is reportedly heading up a move to increase his 15% stake in Dell above 50% and to take the company private The CEO of Pfizer announces that it is looking at the possibility of splitting its branded medicines and generic products into separate businesses The US Senate has now backed Kerry to replace Hilary Clinton as Secretary of State Data out suggests that individual investors have been buying the market as $6.8bn moved into equity mutual funds in the first three weeks of 2013, the largest influx since 2001 US house prices have gained at the fastest rate since 2006 Google is reportedly close to allowing paid content to be shown through its YouTube service Overnight Market News Residents in Beijing have been told for the second day to stay indoors due to high levels of smog Economic Data Due 10:00 Eurozone January Consumer Confidence, -23.9 exp. -23.9 previous 13:30 US Q4 GDP 1.2% exp. 3.1% previous 19:15 US FOMC Rate Decision 0.25% exp. 0.25% previous Economic Events Monti speaks in Brussels US Interest Rates 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). Major European Companies defined as those companies in the STOXX Europe 600 Index FTSE 100 Movers, Blue >0.25%, Green <0.25%, Red <-0.25%, Font size dependent on percentage size of move This note is compiled using information / charts from financial data providers such as Bloomberg and Reuters, as well as from the general financial / business media Regulatory Disclaimer This market commentary note (“note”) has been issued by Cantor Fitzgerald Europe (“CFE”), which is authorised and regulated by the Financial Services Authority (“FSA”). This note is defined by the FSA as a marketing communication. This note has been prepared and distributed for information purposes only and represents the personal views and opinions of the sender. This note is not “investment research”, a “research recommendation” or a product of the Research Department. Please be aware that the CFE Research Department may issue a formal recommendation and target price on the stocks mentioned, which may differ from the opinion given here.  This note may contain information obtained by CFE from third parties; the source of information will usually be disclosed.  CFE makes no representation and gives no warranty as to the accuracy or completeness of the contents of this note. Any person placing reliance upon this note does so at their own risk. Investors should consider this note as only a single factor in making their investment decision. The investment discussed in this note may be unsuitable for investors depending on their specific investment objectives and financial position. CFE, its officers, employees and affiliates shall not be liable to any person in any way whatsoever for any losses, costs or claims howsoever arising from any inaccuracies or omissions in this note or any reliance on this note. The recipient is strongly recommended to see independent legal, tax and financial advice. Past performance is not necessarily a guide to future performance. Income from investments may fluctuate The price or value of the investments to which this note relates; either directly or indirectly, may fall or rise against the interest of investors. This note should not be considered to be a solicitation nor an offer of advice for the purposes of the sale or purchase of any security, investment or derivative.  The information contained in this note is not intended to form the basis of any investment decision and should not be considered a recommendation by CFE or any other person in relation to any of the companies, stock, commodities, currencies or other markets mentioned / referred to in this note. All the information contained herein is based upon information available to the public and has been obtained from sources believed to be reliable. However, the information contained in this note has not been verified by CFE and CFE undertakes no obligation to provide recipients of this note with any additional information or any update to or correction of the information contained in this note. This note is provided by CFE and may be forwarded unamended and in its entirety. This note may not be used in whole or in part to create any other work. All rights reserved. Cantor Index is a trading name of (CFE). CFE is authorised and regulated by the FSA under Firm Reference Number 149380.   CFE - FSA Register Information: http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=61341 Registered in England No. 02505767 Registered Address: 17 Crosswall, London, EC3N 2LB Risk Warning Trading CFDs carries a high level of risk to your capital and is not suitable for all customers. Furthermore, margined products use leverage to increase the level of exposure to the product, and as a result your losses may substantially exceed your initial deposit and require you to make additional deposits at short notice. Prior to trading leveraged CFDs, you should carefully consider your investment objectives, experience and risk appetite and should not invest money that you cannot afford to lose. Spread Bets are leveraged products placing your capital at risk. Losses can quickly exceed your initial deposit and thus require you to make additional deposits at short notice to maintain your positions. Leveraged products are not suitable for all customers. Please ensure you understand the risks involved before opening an account. You should ensure you fully understand the risks and seek independent financial advice if in doubt. CFE provides an execution only service and does not offer investment advice. These products are not intended for people under the age of 18 or for US residents. The distribution of this note in other jurisdictions may be restricted by law and persons into whose possession this note comes should inform themselves about and observe any such restrictions. By accepting this note you agree to be bound by the foregoing instructions.