Day Ahead

Friday, June 28, 2013, Marketing Communication Opening Call The FTSE is seen opening around flat today UK Corporate Announcements Serco announces that it sees strong organic revenue growth in H1 and ahead of the expectations Keller states that there has been no significant changes to trading or its outlook since the last update Clarkson announces trading continues to be in line with the forecasts UK News The National Grid has called on industry to potentially cut peak power use, from 4pm-8pm on winter workdays within the next few years, amidst concerns of possible power shortages The Nationwide has UK house prices up 0.3% in June, up 1.9% year on year 11:10 UK Sells £2bn in bills UK Analyst Changes Bae Systems Cut To Hold Vs Buy At Deutsche Bank Ahead Of 1H Britvic Raised To Buy Vs Hold At Socgen On Valuation Diageo Added To Conviction Buy List At Goldman European Insurance Raised To Overweight By Citi Strategists Greene King Raised To Buy Vs Neutral At Citi Unilever Added To Conviction Buy List At Goldman Vodafone Raised To Buy Vs Hold At Deutsche Bank UK Insider Buying Arcontech Group Plc, (ARC), 2 insider(s) bought 5000000 shares, £0 Ariana Resources Plc, (AAU), 1 insider(s) bought 3636360 shares, £0.01 Berkeley Group Holdin, (BKG), 1 insider(s) bought 1000 shares, £21.08 Bt Group Plc, (BT/A), 1 insider(s) bought 1600 shares, £3.05 Diamondcorp Plc, (DCP), 1 insider(s) bought 500000 shares, £0.04 F&C Asset Management, (FCAM), 1 insider(s) bought 36000 shares, £0.95 Imagination Tech Grou, (IMG), 2 insider(s) bought 11500 shares, £2.93 Melrose Industries Plc, (MRO), 1 insider(s) bought 41545 shares, £2.44 Pennon Group Plc, (PNN), 2 insider(s) bought 3348 shares, £6.35 Simigon Ltd, (SIM), 1 insider(s) bought 36250 shares, £0.28 Workspace Group Plc, (WKP), 4 insider(s) bought 66450 shares, £3.92 UK Insider Selling Euromoney Instl Investo, (ERM),  insider(s) sold 1250 shares, £10.27 FTSE 100 Movers Major European Companies Reporting None Detailed European Market Summary EU leaders are expected to scale back the promises of support for struggling Eurozone banks when more centralised banking supervision starts next year, as they drop the phrase ‘credible backstops’ from draft proposals Global Market Footprint Major US Stock Movers After Hours Nike gained 3% as it detailed Q4 numbers just ahead of the forecasts and details worldwide futures orders were up 8% Pfizer has increased its planned buyback by $10bn Molycorp gained 10% after the SEC recommends no enforcement action over its investigations into its public disclosures S&P 500 Companies Reporting Family Dollar Stores Inc, Q3, 1.034 US Market News The Fed continues to look to manage the recent statements with Dudley now stating that QE may be prolonged if the economy was to miss Fed forecasts, as the central bank continues to effectively manage market expectations on stimulus measures Jon Corzine stays in the news as the CFTC now confirms that it is suing the ex CEO of MF Global for failing to properly oversee the company, he could be the first ex chief of Goldman to be banned from trading US tensions with Russian and China stay at raised levels as Syria’s economics minister states that the regime is using Russia, Iran and China to bypass western sanctions Bill Gross states that he sees US 10 year Treasuries possibly falling 25 basis points in the coming days/weeks, reversing some of the moves seen in May and June John Malone is reportedly still planning moves for how Charter Communications could acquire Time Warner despite his initial moves were knocked back Overnight Market News The Nikkei has closed 445 points higher overnight as the buying returns following last week’s slump Top FX The euro is set for the strongest quarter since 2008, gaining 5% against its major peers due to its current account surplus and slowing inflation Top Commodity Gold has traded under $1,200 as the recent breakdown is yet to recover in the manner that equity markets have managed, while Bloomberg highlights how the correlation between moves in gold and silver prices hits its highest level since the 1950’s Economic Data Due 00:01 UK June Consumer Confidence, -22 previous 14:45 US June Chicago Purchasing Manager, 55.0 exp. 58.7 previous 14:55 US June Uni. of Michigan Confidence, 83.0 exp. 82.7 previous Economic Events EU's Barroso speaks in Oporto Uni. of Michigan 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 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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