Day Ahead

Monday, July 22, 2013, Marketing Communication Opening Call The FTSE is seen starting the week around 5-10 points higher UK Corporate Announcements Dialight announces an H1 underlying EPS of 11.6p and a pre-tax profit of £4.1m and states that H1 gives it confidence on its strategy Volex states that market conditions remain challenging across all sectors UK News The Competition Commission today publishes its provisional decision on the UK audit market,Click Here for more Invensys is expected to be the object of a formal takeover approach from Schneider Electric, according to the Sunday Times The Sunday Times also suggests that BSkyB may spend £500m on a share buyback Boris Johnson is reportedly looking at possible Chinese investment on any new London airport The CEO of Next Plc has stated that an online sales tax would be an ‘extremely backward step’ and that it could kill many digital start ups On Friday a US judge refused to temporarily shut down the Gulf oil spill settlement program stating that he had not seen evidence of widespread fraud amongst the claims Japan is the latest country to warn the UK not to leave the EU, stating that Japanese companies invest in the UK as it is a gateway to Europe Elementis states that its chairman, Robert Beeston, will step down at the end of this month UK Analyst Changes Essar Energy Raised To Buy Vs Neutral At Citi Petropavlovsk Cut To Underweight Vs Neutral At Jpmorgan UK Insider Buying Mediterranean Oil & Gas, (MOG), 2 insider(s) bought 280769 shares, £0.06 Mission Marketing Grou, (TMMG), 1 insider(s) bought 312252 shares, £0.26 Trinity Exploration & P, (TRIN), 1 insider(s) bought 3145 shares, £1 Zytronic Plc, (ZYT), 1 insider(s) bought 6000 shares, £1.62 UK Insider Selling Eg Solutions Plc, (EGS), 3 insider(s) sold 936394 shares, £0.78 Ite Group Plc, (ITE),  insider(s) sold 695000 shares, £2.98 Land Securities Group, (LAND), 1 insider(s) sold 874 shares, £9.63 Lo-Q Plc, (LOQ),  insider(s) sold 250000 shares, £5.98 Sse Plc, (SSE), 1 insider(s) sold 6500 shares, £16.12 Supergroup Plc, (SGP),  insider(s) sold 2000000 shares, £10.08 FTSE 100 Movers Major European Companies Reporting Julius Baer Group Ltd, S1, 1.093,  Klepierre, S1, 1.03,  Koninklijke Philips NV, Q2, 0.373,  STMicroelectronics NV, S1, 0 European Market Summary ECB’s Noyer states that forecasts indicate low rates for a certain period Greek lawmakers have approved a new bill to create a new state broadcaster SAP details it is to end its joint CEO structure as co chief Jim Hagemann Snabe will move to the supervisory board next year The CEO of state run ABN Amro states that it will be ready for re-privatisation next summer Germany sells €3bn in Bills at 11:30 and France sells €8bn in Bills at 14:50 Global Market Footprint Major US Stock Movers After Hours There were no major movers after hours S&P 500 Companies Reporting Gannett Co Inc, Q2, 0.584,  Halliburton Co, Q2, 0.721,  Hasbro Inc, Q2, 0.343,  Kimberly-Clark Corp, Q2, 1.391,  McDonald's Corp, Q2, 1.405,  Netflix Inc, Q2, 0.396,  Texas Instruments Inc, Q2, 0.412,  Zions Bancorporation, Q2, 0.412 US Market News The reporting season continues apace this week, with the likes of Apple and Ford amongst those due to report in the coming days The SEC on Friday accused Miami of municipal bond fraud Bill Gross suggests that the Fed will not tighten policy until 2016 at the earliest Barron’s highlights analysts that see gains in the coming months in Global Cash, Hess and Interpublic SAC Capital Advisors’ Cohen has been charged by the SEC for not doing enough to stop insider trading at his firm, as the SEC holds back from alleging insider trading by the man himself Overnight Market News Asian markets largely gained overnight after the Japanese ruling party failed to win an independent majority in elections, but does win control with coalition partners Top FX The Japanese yen has moved sharply higher on the Japanese election, on the expectation that on any outright win Shinzo Abe may have attempted to put additional pressure on the central bank for additional easing Economic Data Due 15:00 US Existing Home Sales, 5.27m exp. 81.8m previous Economic Events EU Foreign Ministers Meeting in Brussels US Existing Homes Sales 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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