Day Ahead

Monday, July 1, 2013, Marketing Communication Opening Call As we start H2 the FTSE is called to open around unchanged to a touch higher UK Corporate Announcements Hunting states that it stays confident on its outlook Rothermere Continuation announces it has agreed to buy the entire holding in the voting shares of Daily Mail held by Esmond Marmsworth, taking its stake up to 89%, from 60%, and it may make an offer for the remaining ordinary shares UK News Mark Carney starts as the new Bank of England Governor today The FT writes that Kuwait is looking to invest around $5bn in the UK over the next 3-5 years in infrastructure assets, matching moves made by Qatar Monitise announces that it has become the preferred Mobil Money technology partner for Telefonica Digital to develop and manage new mobile payment services The FT details how 70% of mobile phone sales in the top 5 European markets in recent months were Android phones, and that nearly half of all smartphones sold are made by Samsung The chief of Taylor Wimpey states that the government Help to Buy scheme could be a genuine hazard to the economy unless a time limit on the scheme was imposed immediately The Nationwide suggests that London house prices are now 5% above the 2007 peak and that the gap to the rest of the UK was now at its widest ever, with prices in Northern Ireland for example still 52% under the equivalent 2007 highs Pearson and Bertelsmann announce the completion of the Penguin, Random House merger to create Penguin Random House UK Analyst Changes Csr Raised To Buy Vs Hold At Jefferies Hays Raised To Outperform At Credit Suisse, Pt 99 Gbp Hays Raised To Outperform Vs Neutral At Credit Suisse Tullow Oil Raised To Neutral Vs Reduce At Nomura UK Insider Buying Ariana Resources Plc, (AAU), 1 insider(s) bought 3636360 shares, £0.01 Assoc British Engineer, (ASBE), 1 insider(s) bought 40500 shares, £1.22 Berkeley Group Holdin, (BKG), 1 insider(s) bought 2000 shares, £21.27 Betfair Group Plc, (BET), 1 insider(s) bought 20000 shares, £8.43 Computacenter Plc, (CCC), 1 insider(s) bought 13000 shares, £4.54 Falkland Islands Hldn, (FKL), 1 insider(s) bought 11500 shares, £3.63 Intu Properties Plc, (INTU), 1 insider(s) bought 100000 shares, £3.13 Iofina Plc, (IOF), 1 insider(s) bought 20000 shares, £1.5 Kcom Group Plc, (KCOM), 1 insider(s) bought 62500 shares, £0.81 Magnolia Petroleum Pl, (MAGP), 3 insider(s) bought 835000 shares, £0.02 Pendragon Plc, (PDG), 1 insider(s) bought 200000 shares, £0.24 Polymetal Internation, (POLY), 1 insider(s) bought 7185 shares, £4.55 Rexam Plc, (REX), 2 insider(s) bought 12500 shares, £4.66 Sierra Rutile Ltd, (SRX), 1 insider(s) bought 65000 shares, £0.5 Symphony Internation, (SIHL), 1 insider(s) bought 500000 shares, £0.5 UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting None Detailed European Market Summary Ireland is reportedly close to finalising a plan to tap the Euro-area rescue fund After the recent international scandal that GCHG had been listening in to international diplomats at G7 meetings in the UK, new leaks suggest that the US also has been bugging some of its European allies Nokia is to acquire Siemens’ stake in Nokia Siemens Networks for €1.7bn George Soros states that the conditions in Europe are set to worsen in the next 12-18 months and that another write-down on Greek debt is required Croatia has become the 28th member of the EU, after its emergence as an independent state in 1991 following the break up of Yugoslavia France sells €8bn in Bills at 14:50 Global Market Footprint Major US Stock Movers After Hours Onyx gained 21% as it announced that it had rejected a $120/share offer from Amgen, the stock had closed at $86, but states it is still considering selling itself InterDigital fell 18% as it details it has lost the first round in its legal patent case with Huawei and Nokia S&P 500 Companies Reporting PPL Corp US Market News US press suggests that SAC’s Cohen has declined to testify for the Grand Jury Apple is seen attempting to trademark the name iWatch in Japan Blackberry shares closed down 28% lower on Friday as it reported disappointing sales numbers on its latest batch of phones Barron’s suggest that Cheesecake Factory could gain on overseas expansion and lower commodity prices, Kansas City Southern could gain 20% as increasing transport of vehicles increases its revenue prospects, and that Zions Bancorp was seen as possibly getting a boost if it can finalise its high cost debt restructuring Overnight Market News Bloomberg details how Samsung lost $25bn in market value last month, more than the value of its competitor Sony, as its Galaxy S4 smart phone dropped under expectations Japan’s Tankan index for large manufacturers turned positive in June, for the first time since September 2011 China’s Development Research Centre states that the local economy will enter a phase of change in 2-3 years where growth will moderate Top FX Colombia’s central bank overnight kept its interest rate unchanged Economic Data Due 09:00 Eurozone June PMI Manufacturing, 48.7 exp. 48.7 previous 09:30 UK June PMI Manufacturing, 51.0 exp. 51.3 previous 10:00 Eurozone June CPI, 1.6% exp. 1.4% previous 15:00 US June Manufacturing ISM, 50.5 exp. 49.0 previous Economic Events US Treasury Secretary Lew Speaks on the Economy Russel Index Annual Reconstitution June Manufacturing ISM 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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