Day Ahead

Tuesday, July 9, 2013, Marketing Communication Opening Call The FTSE 100 is called up around 30 points higher today UK Corporate Announcements Marks & Spencer announces Q1 UK comparable sales gained 0.3%, while UK comparable general merchandise fell 1.6% against forecasts of around 1% seen SIG states that market conditions in mainland Europe remains weak but that market conditions were starting to improve in the UK Smiths News details 44 week group revenues gained 0.7% and states it remains on track Interserve states that it is trading in line with the expectations Young & Co states that it has made a strong start to the current year UK News Shell announces that Ben Van Beurden is to succeed Voser as CEO end March 2014 AG Barr states that it will actively reconsider a Britvic merger as it sees it as a unique opportunity, after the UK Competition Commission today clears the way for a move, while Britvic states that it is in a very different position from last summer and that its prospects as a stand-alone company are bright The FT writes on how the market data industry will be investigated on their practice of releasing certain information to subscribers early if they pay increased fees, as Reuters details it has ceased its service of releasing its University of Michigan consumer sentiment data two seconds early to those who pay more The Telegraph suggests that Royal Mail is lining up for an IPO next Spring The RICS House Price Balance moved to +21 in June, up from +5 in May, and up to a high last seen in January 2010 AG Barr states that it will actively reconsider a Britvic merger as it sees it as a unique opportunity, after the UK Competition Commission clears the move, while Britvic states that it is in a very different position from last summer and that its prospects as a stand-alone company are bright The UK sells £1.4bn in Bonds at 10:30 UK Analyst Changes C&C Group Raised To Neutral Vs Underweight At Jpmorgan Hikma Raised To Neutral Vs Sell At Ubs Serco Added To Least Preferred Support Services At Ubs Weir Group Raised From Underweight At Morgan Stanley Weir Group Raised To Equalweight At Morgan Stanley UK Insider Buying Faroe Petroleum Plc, (FPM), 2 insider(s) bought 42500 shares, £1.11 International Greeting, (IGR), 2 insider(s) bought 620000 shares, £0.3 Ocado Group Plc, (OCDO), 1 insider(s) bought 2000 shares, £3.99 Panmure Gordon & Co P, (PMR), 1 insider(s) bought 20000 shares, £1.35 Rolls-Royce Holdings P, (RR/), 6 insider(s) bought 918 shares, £12.06 Westside Investments P, (WST), 5 insider(s) bought 4695885 shares, £0 UK Insider Selling Ocado Group Plc, (OCDO),  insider(s) sold 57890 shares, £3.03 Pennon Group Plc, (PNN),  insider(s) sold 6100 shares, £6.79 FTSE 100 Movers Major European Companies Reporting None Detailed European Market Summary Greece secured the latest release of aid, and stays tied to a raft of tight conditions Greece sells €1.2bn in Bills at 11:00, Germany sells €1bn on Bonds at 11:30 and the ESM sells up to €2bn in Bills at 12:30 Moody’s has cut its ratings on Banco Popolare to Ba3 Global Market Footprint Major US Stock Movers After Hours WD40 gained 11% after hours as it announces a solid Q3 and also lifted its full year outlook Intuitive Surgical fell 11% as it detailed demand had eased for its surgical robots S&P 500 Companies Reporting None Detailed US Market News Barnes & Noble announces that its CEO William Lunch has resigned Tesla will replace Oracle on the Nasdaq 100 from the end of this month Alcoa announced decent underlying results yesterday but its headline number was worse than forecast as it makes a $180m provision over US Dept of Justice investigations into bribery payments in its dealings in Dubai Overnight Market News Asian Airlines is already seen making moves to make passengers of its Flight 214 in San Francisco to make claims in their home countries, predominantly South Korea and China, rather than the ‘victim-friendly’ US Jefferies Group states that it is consider appealing against a Hong Kong court order to pay its former Asia equity trading head $1.86m who had been fired over a newsletter which had included a YouTube clip of an actor playing Adolf Hitler with subtitles that mocked JP Morgan Singapore’s Lawrence Wong speaks in parliament and states that they found no findings traders succeeded in rate rigging and that there was insufficient evidence for criminal charges China’s Ping An Insurance is to buy the Lloyds of London building for £260m Olympus fell as much as 7% as it announced plans to raise $1.2bn to fund the expansion of its medical equipment business Top FX The Dollar Index has gained a touch ahead of Ben Bernanke speaking tomorrow, and ahead of the June meeting minutes which are also due to be released tomorrow Economic Data Due 00:01 UK June RICS House Price Balance, 8% exp. 5% previous 09:30 UK May Industrial production, 0.2% exp. 0.1% previous 09:30 UK May Manufacturing Production, 0.5% exp. -0.2% previous Economic Events EU-27 Finance Ministers meet in Brussels UK Industrial Production 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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