Day Ahead

Friday, June 14, 2013, Marketing Communication Opening Call The FTSE is seen opening up around 30 points higher UK Corporate Announcements Walker Crips announces full year revenues of £20.3m and a pre-tax profit of £9.1m UK News RBS stays in focus as Cameron states that taxpayer return was more important than timing, while the deputy chairman at Lloyds is being proposed as the successor to Hester, while reports also suggest that RBS chairman Sir Philip Hampton is to stand down The UK sells £2.5bn in Bills at 11:10 UK Analyst Changes Amlin Added To Ubs’S Least Preferred List Amlin Rated New Neutral At Ubs, Pt 400P Catlin Rated New Neutral At Ubs, Pt 475P Great Portland Raised To Buy Vs Neutral At Ubs Hiscox Rated New Neutral At Ubs, Pt 560P Lancashire Added To Ubs’S Pan-European Small/Mid Cap Key Calls Lancashire Rated New Buy At Ubs, Pt 850P Lloyds Banking Rated New Hold At Jefferies, Pt 65P Micro Focus Removed From Ubs’S Least Preferred List Rbs Rated New Buy At Jefferies, Pt 390P UK Insider Buying British American Tobac, (BATS), 1 insider(s) bought 383 shares, £35.31 Carr'S Milling Industr, (CRM), 2 insider(s) bought 2000 shares, £12.78 Castings Plc, (CGS), 1 insider(s) bought 3000 shares, £3.58 F&C Asset Management P, (FCAM), 1 insider(s) bought 10000 shares, £0.96 Falkland Islands Hldng, (FKL), 4 insider(s) bought 29800 shares, £3.49 Intl Consolidated Airli, (IAG), 1 insider(s) bought 24840 shares, £2.55 Intu Properties Plc, (INTU), 1 insider(s) bought 85100 shares, £3.23 Oxford Instruments Plc, (OXIG), 1 insider(s) bought 1000 shares, £14.12 Pittards Plc, (PTD), 1 insider(s) bought 100000 shares, £0.02 Prudential Plc, (PRU), 2 insider(s) bought 25000 shares, £10.63 Statpro Group Plc, (SOG), 1 insider(s) bought 23000 shares, £0.79 Trap Oil Group Plc, (TRAP), 1 insider(s) bought 280000 shares, £10.75 Vesuvius Plc, (VSVS), 1 insider(s) bought 50000 shares, £3.78 UK Insider Selling Blinkx Plc, (BLNX),  insider(s) sold 1300000 shares, £1.13 Intl Consolidated Airl, (IAG),  insider(s) sold 91565 shares, £2.55 Planet Payment Inc, (PPT),  insider(s) sold 59753 shares, £1.82 Statpro Group Plc, (SOG), 1 insider(s) sold 23000 shares, £0.79 Wolseley Plc, (WOS), 1 insider(s) sold 829 shares, £0.31 FTSE 100 Movers Major European Companies Reporting None Detailed European Market Summary Bloomberg suggests that Fiat is close to a deal with nine banks to refinance €1.95bn in credit in preparation to buy the remaining stake in Chrysler Group ECB board member Mersch states that officials have not run out of ammunition and that negative interest rates may yet be used The EU has now joined Japan to initiate a complaint to the WTO about Chinese steel duties Global Market Footprint Major US Stock Movers After Hours Restoration Hardware gained 10% after hours as it announced Q2 EPs and revenues coming in ahead of the forecasts S&P 500 Companies Reporting None Detailed US Market News The S&P 500 posted its second largest advance of the year, gaining 1.5% yesterday News Corp details that its CFO is to retire after the company’s separation Gannett yesterday announced that it was to buy Belo for around $1.5bn in cash, in a deal to double its television operations Prince Alwaleed had defended his decision to sue Forbes magazine for under-estimating his wealth stating that the magazine had insulted the business community in Saudi Arabia and disputes the methodology used A leading investor in Office Depot has sued the office supply retailer for not holding an AGM to vote in directors ahead of the planned merger A US court rules that normal human genes cannot be patented in a move which could trigger broader testing of cancers Overnight Market News Asian markets posted somewhat of a recovery, after falling around 6% yesterday the Nikkei closed up around 4% higher overnight The Australian general election stays in focus as Julia Gillard has again complained about the questioning of local media, calling some questions as ‘vile and offensive’ ahead of an election where the Labour party is seen losing power Nicaragua has approved the Chinese led proposal to have a canal built linking the Atlantic and Pacific oceans to rival the Panama Canal Top FX Both Peru and Chile left interest rates unchanged Brazil has cut its financial transaction tax on currency derivatives to zero, as its currency moves to four year lows against the dollar Economic Data Due 10:00 Eurozone May CPI, 0.1% exp. -0.1% previous 13:30 US May PPI, 0.1% exp. -0.7% previous 14:15 US May Industrial Production, 0.2% exp. -0.5% previous 14:15 US May US Capacity Utilisation, 77.9% exp. 77.8% previous 14:55 US Uni. of Michigan Confidence, 84.5 exp. 84.5 previous Economic Events EU Trade Ministers meet in Brussels IMF's Lagarde Press Conference S&P Index Quarterly Review S&P Dow Jones Index Quarterly Review 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 FTSE 100 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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