Day Ahead

Wednesday, April 3, 2013, Marketing Communication Cantor Opening Call The FTSE is called down 10-15 points lower this morning UK Corporate Announcements Babcock International states that its full year final results will be in line with the expectations Thornton’s states that Easter trading was satisfactory and that it stays cautious of the prevailing economy Scottish & Southern has been fined £10.5m for mis-selling and Ofgem states that it found failures at every stage of the sales process UK Market News Verizon responds to market speculation and denies that it is considering a move for Vodafone A City of London Corp commissioned report details that the EU financial transaction tax could cost the UK $6bn The CEO of Doha Bank has stated that the bank may yet see a London listing HBOS will be eyed this week as MP’s are due to publish a report criticising the cost of bailing out the bank French press suggests that Barclays is to close 37 of its 113 branches in France FTSE 100 Dividends: Hammerson PLC, HMSO, (10g),  Pearson PLC, PSON, (30),  RSA Insurance Group PLC, RSA, (3.90),  Standard Life PLC, SL/, Special Cash (12.80),  Standard Life PLC, SL/, (9.80),  Wolseley PLC, WOS, (22g) FTSE 250 Dividends: DS Smith PLC, SMDS, (2.50),  F&C Asset Management PLC, FCAM, (2),  Foreign & Colonial Investment Trust PLC, FRCL, (2.50),  Interserve PLC, IRV, (14.10),  Jardine Lloyd Thompson Group PLC, JLT, (15.90),  Keller Group PLC, KLR, (15.20),  Murray International Trust PLC, MYI, (13.50),  Phoenix Group Holdings, PHNX, (26.70),  RIT Capital Partners PLC/Fund, RCP, (14) FTSE Small Share: 4imprint Group PLC, FOUR, (10.20),  Finsbury Growth & Income Trust PLC, FGT, (4.80),  Henderson EuroTrust PLC, HNE, (5),  HgCapital Trust PLC/Fund, HGT, (23),  Lowland Investment Company PLC, LWI, (8),  Shires Income PLC, SHRS, (3),  Troy Income & Growth Trust PLC, TIGT, (.525) UK Analyst Changes C&W Communications Raised To Buy Vs Neutral At Ubs Global Materials Cut To Neutral Vs Overweight At Ubs Jupiter Fund Raised To Buy Vs Add At Numis Schroders Raised To Add Vs Hold At Numis Stagecoach Cut To Hold At Liberum Vodafone Added To Ubs’S Europe Key Calls List Vodafone And Ziggo Added To Ubs’S Most Preferred List Wolseley Pt Raised To 4,000P Vs 3,202P At Credit Suisse UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Vienna Insurance Group, R, 3.266 European Market Summary Spain has stated that its 2014 taxes depend on the EU verdict on its request to ease deficit targets Cyprus swears in its new Finance Minister after the previous minister resigned yesterday ahead of the start of moves for an investigation into the causes of the financial crisis Germany sells €4bn in bonds at 11:30 and Sweden sells SEK3.5bn in bonds at 12:03 Major US Stock Movers After Hours Zynga gained 6% as it announces that real money games will debut in the UK today Zoltek also gained 6% as it announced that it has started a strategic review MagicJack the VOIP group gained over 10% in late trading as it reported Q4 profits ahead of the expectations and as its CEO states that the stock remains significantly undervalued Atmel came off 4% in late trading as it details that its CFO had resigned S&P 500 Companies Reporting Monsanto, Q2, 2.565, ConAgra Foods, Q3, 0.563 US Market News The SEC has detailed that companies are to be allowed to use social media such as Facebook and Twitter to make key announcements, as long as they inform investors on which media they will use Bloomberg highlights a report which suggests that the growing trend for men to take a daily dose of aspirin could cost the pension industry as much as $100bn as research shows that aspirin does have cancer protecting effects, as well as reducing strokes in later life News Corp is reportedly looking to sell its community newspapers Overnight Market News The new Bank of Japan Governor Kuroda has given himself two years to end the cycle of deflation, and that he would do ‘whatever it takes’, although JP Morgan has already suggested that he may need to make serious moves within 12 months if the market is to keep the faith FX News HSBC has mirrored recent statements from Deutsche Bank as it also releases reports suggesting that the Swedish krona has further to rise, it gained 6% against the euro in 2012, and its solid AAA rating could keep the buying strong in 2013 Argentina continues to crack down on local access to foreign currency markets, which is pushing the peso down to a record low in the unregulated market, as the official exchange rate remains too high, and inflation is running at 25% Top Commodity News Gold has come off to a three week low as the US stock markets push up to fresh all time highs as the safe haven buying story continues to ease from the euro crisis highs seen this time last year Economic Data Due 00:01 UK BRC Shop Price Index, 1.1% exp. 10:00 Eurozone March CPI Estimate, 1.6% exp. 15:00 Eurozone March non Manufacturing ISM, 55.6 exp. 56.0 previous Economic Events None Detailed Eurozone CPI 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 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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