Day Ahead

Tuesday, August 13, 2013, Marketing Communication Opening Call The FTSE is called to open up around 15-20 points higher today UK Corporate Announcements Resolution reports an operating profit of £214m and details £154m of costs savings secured by end June Michael Page announces H1 revenues of £503m up 0.1% and a pre-tax profit of £32m up 13.4% and states that markets have improved further in H2 UK News The Times writes on how a surge in first time buyers was pushing up property prices at the lower end of the housing scale, while the top end London market continues to be attractive to the international buyers The RICS house price index is up to its highest level since 2006 Glaxo has been given the go ahead by the FDA for its daily HIV treatment created at its ViiV Healthcare unit joint venture with Pfizer UK Analyst Changes Bunzl Removed From Ubs’S Least Preferred List Fresnillo Rated New Buy At Ubs, Pt 1,250P Grainger Raised To Neutral Vs Underweight At Jpmorgan International Personal Finance Cut To Neutral Vs Buy At Citi L&G Added To Citi’S Most Preferred List Old Mutual Cut To Neutral Vs Buy At Nomura Rentokil Added To Ubs’S Least Preferred List Smith & Nephew Cut To Neutral Vs Buy At Citi Spirent Cut To Underweight Vs Equalweight At Morgan Stanley Standard Life Added To Citi’S Least Preferred List UK Insider Buying None Scheduled UK Insider Selling None Scheduled FTSE 100 Movers Major European Companies Reporting Aurubis AG, Q3, -5.91,  Coloplast A/S, Q3, 3.403,  Deutsche Wohnen AG, Q2, 0.177,  DKSH Holding AG, S1, 1.555,  E.ON SE, Q2, 0.22,  Galenica AG, S1, 19.39,  GAM Holding AG, S1, 0.475,  Geberit AG, S1, 0,  K+S AG, Q2, 0.568,  Michael Page International PLC, S1, 0.07,  OMV AG, Q2, 1.043,  Pandora A/S, Q2, 2.653,  Resolution Ltd, S1, 0.083,  Schindler Holding AG, S1, 0,  ThyssenKrupp AG, Q3, 0.155 European Market Summary The WSJ suggests that German regulator Bafin is expected to submit its final report to Deutsche Bank this week, and order the bank to improve its controls after its review on Libor Italy was due to hold a bond auction today but has cancelled it, Greece sells €1bn in 91 Day bills at 11:00 Global Market Footprint Major US Stock Movers After Hours Phoenix New Media gained 9% as it reported Q2 sales gained 28% to $364m, the group provides premium content on an integrated platform in China Yum Brands slipped 4% as it announces China sales fell as Chicken products were shunned by the market place after local scares S&P 500 Companies Reporting JDS Uniphase Corp, Q4, 0.131 US Market News Blackberry is in the news as it has put itself up for sale, after relatively poor sales of its BlackBerry 10 George Soros is reportedly backing the JC Penney board as it continues its battle with Bill Ackman who has publicly criticised the board in recent days, Ackman’s Pershing Square owns around 18% of JC Penney Blackstone has reportedly acquired 80 US apartment blocks from GE for $2.7bn US press details how Sheryl Sandberg the COO of Facebook sold $91m worth of shares after the stock recently moved back above its IPO price of $38, she has sold around 12% of her total holding since the IPO US authorities have now subpoenaed JP Morgan, Goldman Sachs and Glencore as the inquiry into inflated metals prices continues Campbell Soup is reportedly in talks to sell its soup and sauce brands in Europe to CVC Capital Partners Today's Bloomberg Social Velocity Alerts, (BSV) Blackberry Ltd (Bbry) Health Management Associates I (Hma) Ocz Technology Group Inc (Ocz) Overnight Market News Japanese markets gained on talk that the government is planning a corporation tax cut and as machinery orders data for June came in at 4.9% well ahead of the 2.6% increase expected Singapore details that it is to tighten rules for public officials visiting the city’s two Casino’s after a number of high profile corruption charges Top FX The Indian Finance Minister states that the government is planning additional curbs on some imports, such as gold and silver, in an attempt to reduce the slide in the rupee Economic Data Due 00:01 UK July RICS House Price Balance, 25% exp. 21% previous 09:30 UK July PPI Output, 0.2% exp. 0.1% previous 10:00 Eurozone August ZEW, 32.8 previous 13:30 US July Retail Sales, 0.3% exp. 0.4% previous Economic Events No Major Events Detailed UK PPI 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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