Day Ahead

Monday, February 11, 2013, Marketing Communication Cantor Opening Call The FTSE is seen opening around unchanged today UK Corporate Announcements Telecom Plus states that it sees its full year results in line Kofax announces Q2 revenues fell 9% to $63.7m Fidessa states that it has made a solid performance in the challenging markets Smurfit Kappa states that as a result of the Venezuelan currency devaluation it will see a reduction in net assets of around €142m, and that the impact would not be material UK Market News According to reports the UK government has suggested that an independent Scotland would need to reapply to the EU The FT writes that the CME has been given approval to clear interest rate swaps The paper also writes that Barclays is seen cutting around £2bn from its annual cost base Sky News suggests that Lloyds after difficulties with its planned branch sale may consider an IPO The Telegraph writes that the government has abandoned another pledge, this time on Inheritance Tax The Guardian writes on how a unit of Associated British Foods has been criticises by an African charity of avoiding taxes in Zambia UK Analyst Changes Tnk-Bp Holding Cut To Neutral Vs Overweight At Jpmorgan Thomas Cook Raised To Neutral Vs Sell At Citi UK Insider Buying Hornby Plc, (HRN), 1 insider(s) bought 10000 shares, £0.83 Lok'Nstore Group Plc, (LOK), 1 insider(s) bought 5700 shares, £1.14 Rolls-Royce Holdings P, (RR/), 5 insider(s) bought 931 shares, £9.69 Sigma Capital Group Plc, (SGM), 4 insider(s) bought 691000 shares, £0.06 UK Insider Selling Arm Holdings Plc, (ARM),  insider(s) sold 100000 shares, £9.25 Bp Plc, (BP/),  insider(s) sold 86394 shares, £4.56 Coburg Group Plc, (CGG), 2 insider(s) sold 10000 shares, £1.02 Home Retail Group, (HOME), 1 insider(s) sold 249975 shares, £1.27 Mattioli Woods Plc, (MTW), 6 insider(s) sold 950791 shares, £2.39 FTSE 100 Movers Major European Companies Reporting Bilfinger SE, R, 6.137,  Boliden AB, R, 11.968,  Galp Energia SGPS SA, R, 0.44,  L'Oreal SA, R, 4.771,  Telenet Group Holding NV, R, 0.826,  Wereldhave NV, R, 3.768 European Market Summary Euro-area Finance Ministers meet in Brussels today The FT suggests that a new plan for Cyprus would require uninsured depositors in Cypriot banks, as well as investors in sovereign bonds would be forced to take greater losses 11:30 Germany sells €4bn in bills 14:50 France sells up to €4bn in bills Major US Stock Movers After Hours AOL’s chief details that he owns a stake equal to 5.98%, the stock gained 7% after hours as it announced Q4 sales gained 4% S&P 500 Companies Reporting Dun & Bradstreet Corp/The, Q4, 2.405,  Loews Corp, Q4, 0.295,  Masco Corp, Q4, 0.006 US Market News Sources suggest that US Airways and AMR are in talks over a possible $11bn merger and which would create the world’s largest airline Cantor Fitzgerald announced late on Friday that it is to buy the corporate finance business of Seymour Pierce Barron’s suggest that CSX could gain a much as 35% in the next year as coal demand starts to stabilise The paper also flags up analysts that feel that there was still a reasonable chance that the Dell LBO would fall apart And finally the paper quotes analysts that sees Wendy’s gaining as much as 40% as it refreshes its menu and renovates its outlets Hugo Chavez over the week end devalued the bolivar by 32% to 6.4 bolivars per dollar, the fifth devaluation in nine years, some analysts fear that local inflation could reach 30% this year from 22% in 2012 Overnight Market News China and Hong Kong markets will be closed this week for the New Year eelebrations, while Japanese markets were also closed today for National Foundation Day Official data has China surpassing the US as the world’s largest trading nation last year, according to measures using the sum of exports and imports of goods, US imports and exports totals $3.82tn, while China’s stood at $3.87tn Economic Data Due 00:01 January Lloyds Employment , -42 previous Economic Events Euro-Area Finance Ministers Meeting In Brussels Lloyds Unemployment Contact Us For Spread Bet Sales:- 0044 (0) 207 894 8800 For CFD Sales/Traders:- 0044 (0) 207 894 8883 Email:- sales@cantorcapital.com Commentary Is Changing Client Access:- From March 1st, CFE active clients will continue to receive our timely notes Free Access:- From March 1st, non CFE clients will receive delayed notes To continue accessing our timely commentary please contact us to open and fund a CFD or Spread Betting account Footnotes Cantor Call, as at 7:00am Analyst Changes, as at 6:45am Times given are UK Local Time, (GMT or GMT +1 during BST) Insider Deals data compiled from Director/PDMR Shareholding forms published in the past 24 hours (ex weekends). 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