Day Ahead

Monday, August 12, 2013, Marketing Communication Opening Call The FTSE is seen starting the week around 20 points higher UK Corporate Announcements SVG Capital reports an H1 NAV of 480p up 23% and states it was buoyed by its holdings in Hugo Boss and ProSiebenSat Mitie announces that it has seen a positive start to the year with 89% of budgeted full year revenues secured end June St Ives states that it sees its full year results in line with the market expectations H&T Group states that trading conditions have been difficult UK News Vince Cable stated over the weekend that a government sale of RBS is still five years away The head of Deloitte has stated that the UK government should stop ‘playing to the gallery’ in discussions on corporation taxes if it was serious in its efforts to attract multinational investment UK Analyst Changes Delta Lloyd Raised To Outperform Vs Neutral At Credit Suisse Ladbrokes Cut To Underweight Vs Neutral At Jpmorgan Moneysupermarket Cut To Neutral Vs Overweight At Jpmorgan UK Insider Buying None Scheduled UK Insider Selling None Scheduled FTSE 100 Movers Major European Companies Reporting Bilfinger SE, Q2, 1.093,  Prudential PLC, S1, 0.314,  Telekom Austria AG, Q2, 0.08 European Market Summary Fitch has affirmed its AAA rating on Luxembourg Novartis is in the news on reports in Japan that researchers into its most popular heart medicine may have altered results Chinese authorities have reportedly taken a closer look at Sanofi, after the recent high profile moves against GlaxoSmithKline Barron’s highlights an analyst that sees BNP Paribas potentially gaining 50% through 2015 as the euro crisis continues to subside Italy sells €7.5bn in bills at 11:00 and France sells up to €16bn 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  Sysco Corp, Q4, 0.543 US Market News Rockwell Collins announces it is to buy Arinc for $1.39bn from the Carlyle Group which has held the unit for 7 years The board of JC Penney is reportedly considering action against William Ackman, its largest shareholder, after he publicly releases confidential boardroom discussions in the past few days Brazil is seen pushing for a major trade deal with the EU after failing to secure a good enough deal with its local neighbours Blackberry gained on talks that it is considering going private Apple has won the latest battle with Samsung, with a US court ruling that Samsung cannot import certain devices citing infringement on some of Apple’s patents Barron’s reports on an analyst that sees HD Supply as having a 20% upside this year A US judge has approved an SAC Capital business plan allowing it to continue to operate as the court cases continue Today's Bloomberg Social Velocity Alerts, (BSV) Avg Technologies Nv (Avg) Allscripts Healthcare Solution (Mdrx) Graphic Packaging Holding Co (Gpk) Overnight Market News Data out overnight has Singapore annualised GDP up 15.5% quarter on quarter ahead of the estimates of 14.2% seen, while Japan’s GDP gained 0.6% quarter on quarter, 2.6% annually Top FX A Bloomberg survey has the four most bearish forecasters seeing a 9% fall in Cable by year end to $1.41, while the consensus stays around $1.48 Economic Data Due 00:50 Japan Q2 GDP 0.9% exp. 1.0% previous 19:00 US July Monthly Budget Statement, -$90.0bn exp. -$69.0bn previous Economic Events No Major Events Detailed Japan GDP 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). Major European Companies defined as those companies in the STOXX Europe 600 Index FTSE 100 Movers, Blue >0.25%, Green <0.25% > -0.25%, Red < -0.25%, Font size dependent on percentage size of move BSV is a Bloomberg Terminal filter searching for unusually high social media mentions on a stock This note is compiled using information / charts from financial data providers such as Bloomberg and Reuters, as well as from the general financial / business media Regulatory Disclaimer This market commentary note (“note”) has been issued by Cantor Fitzgerald Europe (“CFE”), which is authorised and regulated by the Financial Conduct Authority (“FCA”). Cantor Capital and Cantor Index are trading names of CFE. This note is defined by the FCA as a marketing communication. This note has been prepared and distributed for information purposes only and represents the personal views and opinions of the sender. 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