Day Ahead

Tuesday, April 9, 2013, Marketing Communication Cantor Opening Call The FTSE is seen opening up around 30-35 points higher today UK Corporate Announcements JKX Oil & Gas announces 2012 revenues of $202.9m Robert Walters reports Q1 net fees of £46.6m up 4%, stating net fee income was up across all regions, and is on track with its discipline diversification Shanks Group states that its cash performance has been ahead of the board’s expectations and that it expects its full year result broadly in line Victrex announces H1 sales volumes of 1.392 tons, ahead of last year and states it reflects stronger VPS performance FirstGroup state that total trading has been in line with the forecasts as it details it is selling 3 London depots to Transit Systems for a combined £80m UK Mail states that it sees Q4 coming in ahead of the expectations after March was particularly strong St Modwen states that its business is performing well and in line with the forecasts UK Market News Shell and BASF agree to pay $201m for contamination in Brazil Sky News suggest that GLG and Lansdowne Partners are in talks on a possible bid for RBS branches The UK RICS house price index improved in March,  the expectation was for -5%, however it came in at only -1% seeing house price falls The Telegraph suggests that KPMG may face an audit inquiry over how it audited HBOS ahead of the collapse The paper also suggests that BT may yet force Sky to have to carry adverts that would advertise its rival sports channel services The UK sells £3.5bn in 2022 bonds at 10:30 UK Analyst Changes Easyjet Pt Raised To 1,375P Vs 1,060P At Morgan Stanley Buy Barclays Ahead of Earnings, Best Positioned: JPMorgan UK Insider Buying Centamin Plc, (CEY), 1 insider(s) bought 30000 shares, £0.43 Cls Holdings Plc, (CLI), 1 insider(s) bought 2706 shares, £8.5 Sportech Plc, (SPO), 1 insider(s) bought 48000 shares, £0.95 Stagecoach Group Plc, (SGC), 1 insider(s) bought 3849 shares, £2.96 Stv Group Plc, (STVG), 1 insider(s) bought 8490 shares, £1.35 Telecity Group Plc, (TCY), 1 insider(s) bought 1500 shares, £8.92 Ubm Plc, (UBM), 1 insider(s) bought 150000 shares, £7.01 Vesuvius Plc, (VSVS), 1 insider(s) bought 27921 shares, £3.35 Vitec Group Plc/The, (VTC), 1 insider(s) bought 25000 shares, £6.35 Xaar Plc, (XAR), 1 insider(s) bought 9500 shares, £4.2 UK Insider Selling Belvoir Lettings Plc, (BLV),  insider(s) sold 250000 shares, £1.36 Bovis Homes Group Plc, (BVS), 1 insider(s) sold 3380 shares, £6.85 British Polythene Indu, (BPI), 2 insider(s) sold 15000 shares, £5.2 Brooks Macdonald Grou, (BRK), 1 insider(s) sold 4054 shares, £14.3 Bunzl Plc, (BNZL), 4 insider(s) sold 149422 shares, £12.83 Raven Russia Ltd, (RUS),  insider(s) sold 785000 shares, £0.7 Sportech Plc, (SPO), 1 insider(s) sold 48000 shares, £0.95 Stv Group Plc, (STVG), 2 insider(s) sold 17743 shares, £1.33 Teg Group Plc/The, (TEG), 1 insider(s) sold 53483 shares, £0.06 Weir Group Plc/The, (WEIR), 1 insider(s) sold 1000 shares, £22.78 Wetherspoon (J.D.) Plc, (JDW), 1 insider(s) sold 4515 shares, £5.4 FTSE 100 Movers Major European Companies Reporting None Detailed European Market Summary Lagardere announces that it was exiting its holding with EADS by selling its stake valued at €2.3bn Bloomberg details how Russian investment banks, backed by Putin are pushing out foreign competitors Greece and Malta sell bills at 11:00 and the ESM sells up to €2bn in bills at 12:30 Major US Stock Movers After Hours Staar Surgical gained 13% after hours as it announced higher than anticipated revenues OCZ Technology fell 16% as it announces that it will not meet the Nasdaq listing data and that it is to seek a hearing, but that it expects to keeep its listing during the appeals process S&P 500 Companies Reporting None Detailed US Market News Alcoa announced yesterday evening results at the top end of the analysts expectations as aircraft demand increases, and confirms its full year view on Aluminium JC Penney has ousted its CEO and is to replaced by his predecessor, he had tried to end its sales and coupons strategy with everyday low prices Fox is still threatening the possibility of moving to a subscription TV service if courts are not able to protect its service from the Aereo startup Bernanke has stated that the resilience of the US banking systems has greatly improved since 2009 and cites the more intensive use of sophisticated supervisory stress testing The VIX fell 5% yesterday to 13.19 Overnight Market News China’s state run radio has criticised Microsoft’s Surface tablet after sales service, similar to the recent public criticisms of Apple Tata Steel states that it is considering selling some if its UK assets, acquired with its acquisition of Corus Group six years ago, citing the slow economy Sichuan Hanlong has lost out in its $1.2bn move for Australia’s Sundance Resources, Chinese firms have attempted $107bn of foreign acquisitions in the last five years, with $45bn failing, Sundance was off 52% on the news FX News The Brazilian real has just come off two week highs after increased talk that the central bank will intervene to limit the currency’s advance Top Commodity News Bloomberg details how Corn prices continue to come off the all time highs posted just 8 months ago, with prices now 24% off this peak as lower US demand and lower corn exports are increasing grain stored in silos Economic Data Due 00:01 UK March BRC, 2.7% previous 00:01 UK March RICS House Price Balance, -4% exp. -6% previous 09:30 UK February Industrial Production, 0.2% exp. -1.2% previous 09:30 UK February Manufacturing Production, 0.3% exp. 1.5% previous 15:00 US Wholesale Inventories, 0.5% exp. 1.2% previous Economic Events IMF World Economic Outlook Analytical Chapters UK Industrial Production 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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