Day Ahead

Monday, January 7, 2013, Marketing Communication Cantor Opening Call The FTSE is seen starting the week around 5-10 points higher UK Corporate Announcements WM Morrison states that the Christmas period was challenging, and that 6 week sales, ex fuel, fell 2.5% and states that the sales performance was disappointing Ladbrokes responds to the recent speculation and confirms that it is in talks on a potential purchase of Betdaq, the global betting exchange EasyJet announces December passenger of 4.3m from 4.1m and a load factor of 87.9% from 85.6% UK Market News The FT writes on a ‘massive softening of the Basel bank rules’ as global central banks agreed to a watered down set of rules after concerns the original moves could hold back the fragile economic recovery The FT suggests that Terra Firma is looking to sell its Odeon cinema chain Sunday papers suggested that the chief of Anglo Gold Ashanti is set to move across to be the CEO of Anglo American While the Sunday Times suggest that the future for the chief of British Gas looks uncertain after a reported fallout with Centrica The UK government has given all FTSE 350 companies one month to sign up to a new code promising to pay suppliers promptly of risk being ‘named and shamed’ Shell’s efforts to rescue the grounded oil rig in Alaska continues to be hampered by bad weather conditions Leading UK executives polled see the UK with a 40% chance of falling back into recession, down from 43% when polled in Q3 UK Analyst Upgrades Howden Joinery Rated New Hold At Jefferies, Pt 160P Meggitt Raised to 'Top Pick' at RBC Capital Redrow Raised To Buy From Hold At Jefferies UK Analyst Cuts Berkeley Cut To Underperform From Hold At Jefferies Persimmon Cut To Hold From Buy At Jefferies On Valuation Rightmove Rated New Underperform At Jefferies, Pt 1,200P UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting None Detailed European Market Summary Deutsche Bank according to local press is planning to reduce by around 20% bonuses for investment and retail bankers Germany sells €4bn in Bills at 11:30 and France is due to sell over €10bn worth of Bills at 14:50 Major US Stock Movers After Hours No major movers after hours on Friday S&P 500 Companies Reporting Mosaic Co/The, Q2, 0.91 US Market News Bloomberg details that the stocks in the S&P 500 with the highest short ratios gained the most in December, gaining by an average of 5%, against gains of 0.7% for the remainder, suggesting some capitulation amongst the short sellers was supporting the recent gains The VIX has fallen 39% in the past week, a record US banks are reportedly close to finalising a $10bn mortgage settlement with US authorities The US has moved to within $1.5bn of the $16.394tn debt ceiling Overnight Market News The China Securities Journal has 90% of those polled seeing a market rebound this year A new survey of international investors has four of the top five cities that were in favour of investing in were in the US, the first time since 2011, as the allure of China fades Wildfires have caused around 3,000 residents in Tasmania to leave their properties Economic Data Due Lloyds Employment Confidence, -42 previous Sentix Investor Confidence, -16.8 previous Euro-Zone PPI (MoM), 0.1% exp. 0.1% previous Economic Events None Detailed Eurozone PPI 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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