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Day Ahead

Friday, 16 August 2013


Friday, August 16, 2013, Marketing Communication
Opening Call
  • The FTSE is called to open down around 20 points lower
Cantor Capital Markets Image
UK Corporate Announcements
  • RIT Capital states that its NAV return from the start of the year is 16.9% citing a successful reading of the FX markets
  • Anite states that it was maintaining its full year targets
UK News
  • BP details that it is evacuating non essential personnel from the US Gulf ahead of a storm system, while a US lawyer representing around 100,000 people in a settlement with BP has alleged that ‘BP treats the US as a colony”
  • RSM Tennon states that talks are continuing with Baler Tilly but sees any possible offer from Baker Tilly to be at a minimal value, if any, due to its high levels of debt
  • The UK sells £2bn in bills at 11:10
UK Analyst Changes
  • Antofagasta Cut To Neutral Vs Overweight At Jpmorgan
  • Faroe Petroleum Raised To Buy Vs Hold At Numis
  • Old Mutual Raised To Overweight Vs Neutral At Jpmorgan
UK Insider Buying
  • None Scheduled
UK Insider Selling
  • Share Plc, (SHRE),  insider(s) sold 19098 shares, £0.21
FTSE 100 Movers
Major European Companies Reporting
  • AP Moeller - Maersk A/S, S1, 0,  NCC AB, Q2, 4.552,  PSP Swiss Property AG, S1, 0
European Market Summary
  • L’Oreal announces that it agrees to buy Hong Kong’s Magic holdings for $843m
  • Ryanair has sacked a pilot that appeared in a TV documentary criticising its safety policy
  • Merkel states in an election rally speech that the EU debt crisis is not over
Global Market Footprint
Major US Stock Movers After Hours
  • Dell was largely unchanged after hours when it announced Q2 revenues of $14.5bn, just ahead of the estimates but also declines to give a full year outlook
S&P 500 Companies Reporting
  • None Scheduled
US Market News
  • The US markets came off yesterday as the sentiment again shifts to the improving underlying US economy and how this brings forward the expectations of QE tapering
Today's Bloomberg Social Velocity Alerts, (BSV)
  • Acadia Pharmaceuticals Inc (Acad)
  • Ishares Silver Trust (Slv)
Overnight Market News
  • Shanghai authorities are investigating how a surge in volumes, at around 76% above the 30 day average, caused the Shanghai Composite Index to spike 5% higher intraday yesterday, with early assumptions of a major ‘fat finger’ by a local trading firm
  • Guotai Junan Securities has been approved by the People’s bank of China to be the first non bank to join the central bank’s payment clearing system
  • New Zealand halted all of its markets overnight after a 6.1 earthquake near Wellington
Top FX
  • Morgan Stanley states that it sees the pound at $1.48 after mark Carneys statements on interest rates
Economic Data Due
  • 10:00 Eurozone July CPI n/n, -0.5% exp. 0.1% previous
Economic Events
  • No Major Events Scheduled
US CPI
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
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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. This note is not “investment research”, a “research recommendation” or a product of the Research Department. Please be aware that the CFE Research Department may issue a formal recommendation and target price on the stocks mentioned, which may differ from the opinion given here.  This note may contain information obtained by CFE from third parties; the source of information will usually be disclosed.  CFE makes no representation and gives no warranty as to the accuracy or completeness of the contents of this note. Any person placing reliance upon this note does so at their own risk. Investors should consider this note as only a single factor in making their investment decision. The investment discussed in this note may be unsuitable for investors depending on their specific investment objectives and financial position. CFE, its officers, employees and affiliates shall not be liable to any person in any way whatsoever for any losses, costs or claims howsoever arising from any inaccuracies or omissions in this note or any reliance on this note. The recipient is strongly recommended to see independent legal, tax and financial advice. Past performance is not necessarily a guide to future performance. Income from investments may fluctuate. The price or value of the investments to which this note relates; either directly or indirectly, may fall or rise against the interest of investors.
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Risk WarningFull Risk Warning

Spread Bets are leveraged products placing your capital at risk. Losses can quickly exceed your initial deposit and thus require you to make additional deposits at short notice to maintain your positions. Leveraged products are not suitable for all customers. Please ensure you understand the risks involved before opening an account. Cantor Index provides an execution only service and does not offer investment advice. You should ensure you fully understand the risks and seek independent financial advice if necessary. These products are not intended for people under the age of 18 or for US residents.