Day Ahead

Friday, April 12, 2013, Marketing Communication Cantor Opening Call The FTSE is seen giving back around 25 points this morning UK Corporate Announcements Aggreko announces that trading in Q1 has been in line, and maintains its full year expectations Speymill details today that it is reviewing a number of its business opportunities XP Power states that the trading environment remains subdued and that it saw no improvement in trading in Q1 May Gurney states that it remains committed to delivering a quality service as it details that its appeal against the tender for Norfolk County Council has been rejected Work Group announces that it remains cautious on its outlook UK Market News London House prices continues to lift the national average, now up to 5 year highs, with data from Acadametrics having the average house price now citing £230,078, excluding the impact of London prices, averages prices fell 0.1% The BBC has refused to ban the ‘Ding Dong the Witch is dead’ song as it moves up the music charts and will need to be listed on the Top 40 charts this weekend The Guardian writes how Standard Life voted against the planned remuneration at BP’s AGM, and called on BP to ‘raise its game’ The UK sells £3bn in Bills at 11:10 UK Analyst Changes Cairn Energy Raised to 'Outperform' at RBC Capital Cairn Energy Raised To Outperform Vs Sector Perform At Rbc Croda Cut To Sell Vs Neutral At Ubs Johnson Matthey Raised To Buy Vs Neutral At Ubs Legal & General Cut To Underweight Vs Neutral At Jpmorgan Next Raised to Equalweight vs Underweight at Barclays Resolution Raised To Neutral Vs Underweight At Jpmorgan Standard Chartered Removed As A Most Preferred Stock At Citi William Hill Cut To Hold Vs Buy At Deutsche Bank UK Insider Buying Amara Mining Plc, (AMA), 1 insider(s) bought 50000 shares, £0.37 Az Electronic Material, (AZEM), 7 insider(s) bought 135557 shares, £2.69 Centamin Plc, (CEY), 1 insider(s) bought 500000 shares, £0.48 Diageo Plc, (DGE), 1 insider(s) bought 419 shares, £19.77 Internetq Plc, (INTQ), 1 insider(s) bought 20000 shares, £2.98 Mulberry Group Plc, (MUL), 1 insider(s) bought 10000 shares, £9.54 Robert Walters Plc, (RWA), 3 insider(s) bought 145785 shares, £2.25 Ruspetro Plc, (RPO), 1 insider(s) bought 1143249 shares, £0.3 Tandem Group Plc, (TND), 1 insider(s) bought 10000 shares, £0.92 Verona Pharma Plc, (VRP), 2 insider(s) bought 1150000 shares, £0.02 UK Insider Selling Goals Soccer Centres P, (GOAL), 2 insider(s) sold 1141650 shares, £1.37 Imi Plc, (IMI),  insider(s) sold 107681 shares, £12.31 Rathbone Brothers Plc, (RAT), 1 insider(s) sold 6746 shares, £14.85 Taylor Wimpey Plc, (TW/),  insider(s) sold 746532 shares, £0.86 FTSE 100 Movers Major European Companies Reporting Zardoya Otis SA, Q1, 0 European Market Summary Euro Area Finance Ministers meet in Dublin today, and Cemron is due to meet Merkel in Berlin later today Bloomberg details that in most of Sweden’s largest lenders as much as 75% of their branches are now cashless, as locals are comfortable paying for all goods with credit cards or online payment systems Leaked reports suggest that ministers will discuss Portugal on concerns that it will find it difficult to avoid needing a second bailout Major US Stock Movers After Hours Ashland gained 7.4% yesterday as it announces that Jana Partners has taken a 7% stake Netflix gained 2% after hours it details that streamlining content topped 4bn hours in the past three months S&P 500 Companies Reporting JPMorgan Chase & Co, Q1, 1.386,  Wells Fargo & Co, Q1, 0.885 US Market News The IMF details that it has cut its 2013 US growth outlook to 1.7% citing the US fiscal cuts Time Warner is reportedly the front runner in bid for Callik Network ATV The WSJ suggests that JC Penney has hired Blackstone as it seeks to raise $1bn JP Morgan states that top tier investment banks are uninvestable at this point, citing potential rule changes ahead and curbs on capital and funding Electronic Arts details that it is to cut most of its staff in Montreal Google is in the news as it is amongst the first to allow users to decide what happens to their data in the event of their deaths, the effective digital will allows users to delete data after a set period of time, or pass it on to specific people Overnight Market News Singapore details that Q1 GDP fell 1.4% from Q4, inside the estimates of 1.7% and states that it is to keep its modest and gradual currency appreciation Infosys has fallen 20% in Indian trading after its Q4 results miss the estimates The China Securities Journal details how China’s railway investment moved to 54.5bn yuan, $8.80bn in Q1, up 28% from last year, and how the national plan is to invest 520bn yuan this year in total Mt Gox a Tokyo based exchange for Bitcoin suspended trading for the online currency yesterday after it fell 46% intraday, stating it wanted the market to ‘cool down’, Tradehill a US based comparable exchange states it remains open US Secretary of State John Kerry is in South Korea today Top FX News Perus’ central bank has left its reference rate unchanged at 4.25%, as has Chile’s central bank, leaving the rate at 5% Pimco details that it prefers Australia, Canada and Scandinavian currencies over the dollar and sees currencies increasingly used as policy tools Economic Data Due 10:00 Eurozone February Industrial Production, 0.1% exp. -0.4% previous 13:30 US March Advance Retail Sales, 0.0% exp. 1.1% previous 13:30 US March PPI -0.1% exp. 0.7% previous 14:55 US Uni. of Michigan Confidence, 78.3 exp. 78.6 previous Economic Events Euro-Area Finance Ministers meet in Dublin US PPI CFD Sales/Traders 0044 (0) 207 894 8883 cfdsales@cantor.com Equity Spread Bet Sales 0044 (0) 207 894 8800 sales@cantorcapital.com Footnotes Cantor Call, as at 6:45am Analyst Changes, as at 6:30am 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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