Day Ahead

Friday, July 5, 2013, Marketing Communication Opening Call The FTSE is called to open up around 15 points higher this morning UK Corporate Announcements McBride states that full year adjusted operating profit is in line with the expectations and sees full year revenues down 5% on a constant currency basis UK News UK and European markets gained yesterday by the most in some months as central banks failed to match the more hawkish comments coming from the Fed in recent weeks, with new Bank of England governor Carney suggesting rates could stay low for longer than the recent expectations Rolls Royce has declined claims made by two former employees that it cut corners on quality control requirements TM Lewin has been put up for sale by Coller Capital The UK sells £2bn in Bills at 11:10 UK Analyst Changes Arm Added To UBS’s Uk 1st XI Meggitt Cut To Hold Vs Buy At Deutsche Bank Moss Bros Raised To Buy Vs Hold At Cantor Randgold Resources Raised To Neutral Vs Reduce At Nomura Whitbread Cut To Neutral Vs Buy At Ubs UK Insider Buying Ashmore Group Plc, (ASHM), 1 insider(s) bought 40000 shares, £3.26 Oxus Gold Plc, (OXS), 1 insider(s) bought 750000 shares, £0.02 Soco International Plc, (SIA), 1 insider(s) bought 1609 shares, £3.51 UK Insider Selling E-Therapeutics Plc, (ETX),  insider(s) sold 17857 shares, £0.34 FTSE 100 Movers Major European Companies Reporting Air France-KLM,  Industrivarden AB,  Pernod-Ricard SA European Market Summary Draghi kept the verbal intervention high yesterday as he stated that the ECB has kept an open mind on negative interest rates Jerome Kerviel has lost his appeal against his conviction when he ran up losses of more than $4bn at SocGen The Co Chief of SAP Jim Snabe has attempted to shrug off criticism of the dual leadership at the company Global Market Footprint Major US Stock Movers After Hours US markets were closed yesterday S&P 500 Companies Reporting Hasbro Inc US Market News Many are expected to take the opportunity to turn the Independence Day holiday into a long weekend, so trading is expected to be light today The WSJ suggests that US prosecutors do not have enough evidence to charge hedge fund manager Steve Cohen ahead of the deadline this month Overnight Market News China’s Securities Times states that China’s A share IPO market will restart end August at the earliest Samsung announces Q2 earnings under the forecasts, as Galaxy S4 sales missed the expectations, the stock fell 3% in regular trading, and accounts for almost 20% of the Korean Kospi index Temasek states that it was not concerned by the China cash crunch last month and that it is looking to increase its assets in the region Top FX The dollar gained against most of its peers yesterday as speculation increases that stimulus will end sooner in the US, and ahead of US jobs data out later today which could continue to show the US economy continues to improve Economic Data Due 13:30 US June Change in Non Farm payrolls, 165k exp. 175k previous 13:30 US June Unemployment Rate, 7.5% exp. 7.6% Economic Events Fed Deadline for US Bank Stress Test Results US Unemployment 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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