Day Ahead

Friday, February 1, 2013, Marketing Communication Cantor Opening Call The FTSE is seen opening flat to a touch higher this morning UK Corporate Announcements BT Group announces a Q3 adjusted EBITDA of £1.55bn, just ahead of the forecasts, with an adjusted pre-tax profit of £675m up 7% and confirms its outlook Electrocomponents states that international trends have improved and sees a stronger H2 Tate & Lyle announces Q3 pre-tax profit of is broadly in line with the forecasts and states that it has made a solid start to the quarter Kcom states that the market remains challenging but that it has maintained progress in Q3 De La Rue announces that it sees final results as similar to last year UK Market News The long awaited bout of profit taking finally emerged yesterday, but he market only lost 46 points, and remains at 6276, levels which seemed optimistic just 6-8 weeks ago The FT writes that the outlook for Seymour Pierce remains unsure as the board met yesterday evening reportedly as the FSA blocked funding from a Ukranian backer The FT writes that Barclays stays in the news on reports that authorities are investigating that it lent money to Qatar in 2008, which was then lent back to the bank, which allowed it to avoid a government bailout Nigel Lawson has stated that RBD should be nationalised and that no bonuses should be paid this year The UK sells bills this morning at 11:10 UK Analyst Changes Antofagasta Pt Cut 10% To 1,350P At Exane; Kept At Outperform Berendsen Cut To Neutral Vs Buy At Ubs Easyjet Removed From Morgan Stanley Best Ideas Hsbc Cut To Neutral Vs Buy At Citi Invesco Cut Equalweight Vs Overweight At Morgan Stanley Paragon Group Cut To Neutral Vs Buy At Bofaml Shell Cut To Neutral Vs Buy At Ubs Shell Cut To Underperform Vs Neutral At Bofaml Smith & Nephew Rated Neutral At Jpmorgan; Pt 709P UK Insider Buying None Detailed UK Insider Selling Smiths News Plc, (NWS), 1 insider(s) sold 219605 shares, £1.64 FTSE 100 Movers Major European Companies Reporting Banco Bilbao Vizcaya Argentaria SA, R, 0.322,  Banco Popular Espanol SA, R, -0.322,  BT Group PLC, Q3, 0.061,  CaixaBank, R, 0.06,  Derwent London PLC, R, 0.506,  Electrolux AB, R, 11.588 European Market Summary Roche is in focus as its Avastin treatments has again failed to win backing from the UK health cost regulator Danone is reportedly not interested in a hostile takeover of Yakult Credit Agricole announces that it is to take a €2.68bn goodwill writedown in Q4 Spain has now lifted the short sale restrictions on its financial sector BBVA announces a full year net profit of €1.68bn, just ahead of the forecasts AB InBev may need to sell a brewery in order to settle an antitrust lawsuit over its planned $20bn takeover of the rest of Grupo Modelo Major US Stock Movers After Hours Audience gained a hefty 25% after hours, as it announces Q4 EPS of 14c from 9c S&P 500 Companies Reporting Aon PLC, Q4, 1.254,  Beam Inc, Q4, 0.66,  Chevron Corp, Q4, 3.028,  Exxon Mobil Corp, Q4, 2.004,  Franklin Resources Inc, Q1, 2.377,  Ingersoll-Rand PLC, Q4, 0.712,  Legg Mason Inc, Q3, 0.184,  LyondellBasell Industries NV, Q4, 1.116,  Mattel Inc, Q4, 1.148,  Merck & Co Inc, Q4, 0.81,  National Oilwell Varco Inc, Q4, 1.44,  Newell Rubbermaid Inc, Q4, 0.419,  Perrigo Co, Q2, 1.316,  Tyson Foods Inc, Q1, 0.416,  Wynn Resorts Ltd, Q4, 1.249 US Market News Pfizer raised $2.24bn through the IPO of its animal health company Zoetis, pricing the shares ahead of the marketed price range A US judge yesterday sentenced Peregrine Founder to 50 years in prison, after the failure of commodity broker Peregrine Group , with some using the sentence to call put additional pressure on US authorities to place criminal charges on senior executives at MF Global, such as Jon Corzine who remains out of public view Metlife announces that it is to buy the Chilean pension business for about $2bn Overnight Market News Sharp announces a nine month net loss 424bn yen from the loss of 213bn last year and states that there is no material uncertainty over its ability to continue as a going concern Chinese manufacturing data may affect sentiment this morning as the main measure dropped to 50.4 in January from 50.6, but it does remain above the 50 level, sustaining expansion for the fourth consecutive month Economic Data Due 09:00 Eurozone January PMI Manufacturing, 47.5 exp. 47.5 previous 09:30 UK January PMI Manufacturing, 51.0 exp. 51.4 previous 10:00 Eurozone December Unemployment Rate, 11.9% exp. 11.8% previous 13:30 US January Change in Non Farm Payrolls, 155k exp. 155k previous 13:30 US January Unemployment Rate, 7.8% exp. 7.8% previous 14:55 US January Uni of Michigan Confidence, 71.3 exp. 71.3 previous 15:00 US January Manufacturing ISM, 50.5 exp. 50.7 previous Economic Events IMF statement on Argentina US Non Farm Payrolls 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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