Day Ahead

Thursday, June 6, 2013, Marketing Communication Opening Call The FTSE is seen opening down around 15 points lower, ahead of the Bank of England and ECB rate announcements lunchtime today UK Corporate Announcements Johnson Matthey announces full year revenues of £10.73bn and a full year pre-tax profit of £354.9m from £409m Low & Bonar states that it saw a strong end to the half year and that its sees its full year in line Filtrona announces that from June 26 it will be renamed Essentra and its ticker will be amended to ESNT from FLTR UK News New data shows that the percentage of new home buyers in the UK gained to a 13 month high in April Man Group was amongst the heaviest fallers yesterday down over 16% as it details that its flagship fund struggled with the sharp moves higher at the start of May, and the resultant sell-off George Osborne has stated that the EU TransactionTax was unlawfully extraterritorial Sources suggest that Partnership Assurance has tightened up its planned IPO range from 325-400p to 370-400p, ahead of the insurers planned listing, expected to value the group around £1.5bn The UK Competition Commission announces that it is to bar Eurotunnel ferries from Dover UK Analyst Changes RSA Raised To Overweight Vs Underweight At Morgan Stanley UK Insider Buying Avation Plc, (AVAP), 1 insider(s) bought 160000 shares, £0.62 Cyan Holdings Plc, (CYAN), 1 insider(s) bought 5000000 shares, £0.01 F&C Asset Management P, (FCAM), 1 insider(s) bought 50000 shares, £0.98 Fenner Plc, (FENR), 1 insider(s) bought 10000 shares, £3.32 Hays Plc, (HAS), 1 insider(s) bought 4456 shares, £0.92 UK Insider Selling Anglo American Plc, (AAL), 1 insider(s) sold 1100 shares, £15.18 British Polythene Indu, (BPI),  insider(s) sold 20400 shares, £5.5 Entertainment One Ltd, (ETO), 3 insider(s) sold 2000000 shares, £1.92 Hays Plc, (HAS), 1 insider(s) sold 20000 shares, £0.92 Rsa Insurance Group Pl, (RSA),  insider(s) sold 36677 shares, £1.16 FTSE 100 Movers Major European Companies Reporting Johnson Matthey, F, 1.459 European Market Summary The FT writes that the EC is likely to ask that London loses control over Libor and proposes supervision should be switched to the Paris based European Securities and Markets Authority The IMF has stated that it was overly optimistic during the initial bailout of Greece in 2010 and states that debt restructuring should have occurred sooner The Russian RTS Index has now fallen 20% from the January peak Spain sells bonds at 10:30 and France at 10:50 Global Market Footprint Major US Stock Movers After Hours Verifone came off 14% after hours as it announces that its Q3 EPS came in at 20c well under the forecasts of around 51c seen S&P 500 Companies Reporting JM Smucker, Q4, $1.158 US Market News The WSJ writes on how the NSA is obtaining a complete set of phone records from all Verizon US customers under a secret court order The CFTC has sued a unit of US Bancorp for not protecting customer funds that were affected by the Peregrine Financial fraud Canada responds to talk and states that it is not planning to sell its GM stake now Overnight Market News Asian markets came off to a four month low overnight, as the sell-off continues to spook international markets, as Asian markets, particularly the Nikkei 225 led the international markets higher over the past 8 months, lifting concerns it is now leading the way lower Top FX The Aussie dollar has now fallen to its lowest level since 2011 as the wall of money in commodity currencies seen during QE tapers off as the expectations for the beginning of the end of US QE increased in recent days Top Commodity Goldman highlights how commodities are trailing equities for the longest period in over 14 years, and predicts that the decade long bull market in commodities is over Economic Data Due 12:00 UK MPC Rate Announcement, 0.5% exp. 0.5% previous 12:45 ECB Rate Announcement, 0.5% exp. 0.5% previous 13:30 US Initial Jobless Claims, 345k exp. 354k  previous Economic Events 13:30 Draghi ECB Press Conference UK Rate 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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