Day Ahead

Monday, April 22, 2013, Marketing Communication Cantor Opening Call The FTSE is seen gaining around 50 points on the open today UK Corporate Announcements Informa states that there were early signs of a pick up in markets and maintains its targets as trading was broadly as expected Reckitt Benckiser announces Q1 comparable sales gained 6%, just under the estimates of 6.3% and stays confident that it can achieve its full year targets Lok’n Store announces a 6m profit of £1.34m on revenues of £6.55m Bumi announces that it requests a temporary share suspension pending finalisation of its results UK Market News George Osborne is expected to announce that the government is to boost lending to small businesses, as the current program was due to end in January next year Fitch downgraded the UK from its AAA rating to AA+ on Friday, keeping a stable outlook and revises down the forecasted economic growth in 2013 to 0.7% and 1.8% in 2014 Betfair announces that it has rejected a possible offer from CVC Capital, at £8.80/share stating that it undervalued the company JP Morgan suggests that the Bank of England could buy an additional £80bn worth of bonds as it increases efforts to stimulate the economy The Telegraph details how the NHS has 8,000 staff on over £100k in salaries Glaxo is reportedly looking to sell its Lucozade and Ribena brands in the next few weeks, valued at around £1bn UK Analyst Changes Burberry Added To Conviction Buy List At Goldman Lafarge Replaces Holcim in UBS Most Preferred Building List Sig Cut To Neutral Vs Buy At Ubs UK Insider Buying Animalcare Group Plc, (ANCR), 1 insider(s) bought 4079 shares, £1.23 City Of London Investme, (CLIG), 1 insider(s) bought 10000 shares, £2.56 Cls Holdings Plc, (CLI), 1 insider(s) bought 816 shares, £8.55 Polymetal Internationa, (POLY), 1 insider(s) bought 100000 shares, £7.16 Shanta Gold Ltd, (SHG), 1 insider(s) bought 193891 shares, £0.13 UK Insider Selling Brammer Plc, (BRAM), 1 insider(s) sold 41938 shares, £3.39 Howden Joinery Group P, (HWDN), 1 insider(s) sold 183808 shares, £2.41 Jupiter Fund Managemen, (JUP), 1 insider(s) sold 50000 shares, £3.27 Mckay Securities Plc-O, (MCKS), 1 insider(s) sold 2714 shares, £1.38 Morgan Advanced Mater, (MGAM), 1 insider(s) sold 54279 shares, £2.52 Rathbone Brothers Plc, (RAT), 1 insider(s) sold 1500 shares, £14.99 Safestore Holdings Plc, (SAFE),  insider(s) sold 250000 shares, £1.27 Tullett Prebon Plc, (TLPR),  insider(s) sold 69430 shares, £2.53 FTSE 100 Movers Major European Companies Reporting Koninklijke Philips Electronics NV, Q1, 0.238,  STMicroelectronics NV, Q1, -0.07,  Yara International ASA, Q1, 9.119 European Market Summary The WSJ Europe suggests that the next Spanish budget will focus on austerity Deutsche Lufthansa has cancelled 99% of its planned services in Europe due to a day long cabin crew and ground workers strike, organised by the Verdi union Verdi is also in the news as it warns workers at Deutsche Post may strike this week if their higher wage demands were not met ABB announces that it is to buy US based Power-One for $6.35, around $1bn, as it increases its exposure to solar photovoltaic Inverters Commerzbank at its AGM on Friday secured backing for its planned capital increase Italian president Napolitano was re-elected over the weekend and is now expected to detail a bi-partisan cabinet French press details that Knight Vinke is looking to sell its 25% stake of Darty, and that Carrefour may be interested if the price was right France sells €8bn in bills at 14:50 Global Intraday Footprint Major US Stock Movers After Hours There were no major movers after hours S&P 500 Companies Reporting ACE Ltd, Q1, 1.931,  Ameriprise Financial Inc, Q1, 1.574,  Caterpillar Inc, Q1, 1.389,  Halliburton Co, Q1, 0.569,  Hasbro Inc, Q1, 0.031,  Netflix Inc, Q1, 0.193,  Texas Instruments Inc, Q1, 0.303,  Zions Bancorporation, Q1, 0.395 US Market News Blackstone is reportedly looking at pulling out of Bloomberg details how US companies rank amongst the world’s largest five companies, for the first time n 8 years, Exxon, Apple, Google, Berkshire Hathaway and Wal-Mart Stores, General Electric and Citigroup were in the top five the last time US stocks headed the top 5 The US economy is expected to grow 3% in July as the government statistics move to include various intangible assets for the first time, such as film royalties Venezuela has had its outlook cut to negative from stable at S&P Overnight Market News The chief of the People’s Bank of China states that it was normal for the country to see slower expansion in Q1 while it sacrifices growth to make required structural reforms Bloomberg details that while the Japanese stock market has seen gains, and the yen has posted significant moves in recent week's, many of the local businesses remain unconvinced as yet on investing on new machinery Top FX News The yen has weakened further, and moves closer towards 100 per dollar following the G20, and moved to its weakest level since April 2009 JPY Graph, Daily Top Commodity News Gold has continued to bounce from the lows of last week, 1322 was the lowest level on the selloff, but it is currently up at 1422, form the highs of 1922 in September 2011 Economic Data Due 15:00 Eurozone Consumer Confidence, -24.0 exp. -23.5 previous Economic Events EU Foreign Ministers Meet in Luxembourg Eurozone Consumer Confidence 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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