Day Ahead

Monday, August 19, 2013, Marketing Communication Opening Call The FTSE is seen starting the week just a touch higher, around 5 points UK Corporate Announcements Amlin announce an H1 pre-tax profit of £161.4m and a return on equity of 9.3% and stays optimistic on the full year Clarkson announces an H1 pre-tax profit of £10.8m on revenues of £89m and states that it is trading in line Bovis Homes reports an H1 operating profit of £20.5m on revenues of £184.4m and details it had net assets per share of 577p at end period Quindell Portfolio reports an H1 pre-tax profit of £43.4m on revenues of £163.3m and is confident that the full year will meet the upper end of the forecasts UK News Lloyds is reportedly set to sell its German insurance business for up to €400m, valued at around €1bn two years ago The FT details how the UK summer brought online retail sales lower for the first time 13 years in July The CBI has lifted its UK growth forecasts as the recovery continues to build momentum but does not see business investment picking up until 2014 Tesco is reportedly set to sell an own brand tablet computer, thought to be more similar to the Amazon Kindle than the Apple iPad, and look to tie in the product with Blinkbox, its digital download service which offers, movies, TV shows and soon to be e-books and music UK Analyst Changes Roche Named Most Preferred, Glaxo Least Preferred At Citi UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Amlin PLC, S1, 0.238 European Market Summary Irish based Kentz Corp, the engineering and construction services group, is reportedly considering selling itself, and reportedly has already received an approach from Amec and Amec confirms today that it made a proposed offer at 565-580p/share and has to announce a firm intention by 5pm September 16 OMV announces that it has acquired various Norwegian and UK assets from Statoil for $2.65bn France sells up to €7.5bn 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 Urban Outfitters Inc, Q2, 0.478 US Market News The FT writes that Goldman Sachs has been seen attempting to recruit other banks to its electronic bond trading platform Barron’s suggests that Alaska Airlines is set to resume its rise on new routes and share repurchases ConocoPhillips announced the sale of its Trinidad & Tobago asset for $600m US homes sales in July are expected to have moved up to three year highs, with combined purchases of new and used homes seen up to 5.64m Today's Bloomberg Social Velocity Alerts, (BSV) Johnson & Johnson (Jnj) Navistar International Corp (Nav) Overnight Market News Bluescope Steel fell 16% in Australian trading as it announces results under the expectations citing the slowdown in China Everbright Securities has been banned from proprietary trading for three months after it placed $3.8bn of unintended trades on the Shanghai exchange on Friday, which caused a flash spike in prices, up 6% at one stage,  the error is thought to cost the firm around $65m The FT writes on how the US authorities are investigating the hiring practices at JP Morgan in China after reports it hired family members of influential Chinese officials to help secure business in the country House prices in China gained in July in 69 of 70 major cities Top FX The Indian rupee has fallen to a fresh record low against the dollar, now to 62.3575, down 26% over the past 24 months Top Commodity The FT has market participants stating that the CME North Sea benchmark ‘has been marked by unusual trading patterns as computerised firms engineer ways to exploit a cash for volume scheme Economic Data Due 00:01 UK Rightmove House Prices, 0.3% previous Economic Events No Major Events Detailed UK Rightmove 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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