Day Ahead

Thursday, August 22, 2013, Marketing Communication Opening Call The FTSE is seen opening down around 15 points this morning UK Corporate Announcements Premier Oil announces an H1 pre-tax profit of $214.6m from $194.6m on sales of $757.8m largely in line with the forecasts and states it sees high returns on capital and cash flow WH Smith states that it sees its full year results in line with the market expectations and states that both its High Street Business and Travel unit have remained highly cash generative Carillion announces an H1 pre-tax profit of £64.2m up 13% with revenues down 9% to $1.96bn and states that it was maintaining its targets despite the challenging markets IMI announces an adjusted pre-tax profit of £170.1m on revenues of £1.09bn largely in line and states it sees better trading conditions in H2 Kazazkhmys announces an H1 net loss of $962m from net income of $121m last year with group EBITDA of $714m and announces it is to pay no dividend London Capital group reports an H1 adjusted pre-tax profit of £3.2m on H1 revenues of £17.1m UK News MPC member Martin Weale suggests that the central bank may need to resort to additional QE if the economy was to stall again Baker Tilly states that it will not bid for all of RSM Tenon, but states it may still bid for parts The FCA details today a £1.3bn redress program for bank mis-selling of insurance The Telegraph writes how cases on the UK TV License/Tax make up one in 10 prosecutions in the UK UK Analyst Changes Wolseley Added To Ubs' Most Preferred List Wolseley Raised To Buy Vs Neutral At Ubs UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Allreal Holding AG, S1, 0,  Carillion PLC, S1, 0,  Hufvudstaden AB, Q2, 1.243,  IMI PLC, S1, 0.381,  Koninklijke Ahold NV, S1, 2.08,  Premier Oil PLC, S1, 0.352,  Raiffeisen Bank International AG, Q2, 0.743 European Market Summary Vestas removed its CEO yesterday as the board looks to improve investors confidence following the recent string of profit warnings Global Market Footprint Major US Stock Movers After Hours Hewlett Packard fell 5% as it reported a Q3 adjusted EPS of $86c, in line with the estimates although revenues missed, and it narrows its full year forecasts Hain Celestial gained 5% as it reported Q4 net sales of $463.5m ahead of the forecasts Semtech announces Q3 revenues of $145m under the forecasts of $168m seen, and came off 8% after hours as a result S&P 500 Companies Reporting Abercrombie & Fitch Co, Q2, 0.293,  Autodesk Inc, Q2, 0.42,  Dollar Tree Inc, Q2, 0.572,  GameStop Corp, Q2, 0.043,  Gap Inc/The, Q2, 0.633,  Hormel Foods Corp, Q3, 0.45,  Patterson Cos Inc, Q1, 0.481,  Ross Stores Inc, Q2, 0.93 US Market News The much awaited Fed meeting minutes failed to give any further clarification on possible QE tapering, the S&P rallied 20 points following the release of the minutes but moved back to previous levels by the close UPS announces that it will refrain from offering health care coverage to spouses of workers, if those spouses are eligible to health care coverage from their own workplace Tesla announces that it does intend to add factories in Europe and Asia and is looking to introduce a mass market battery powered car while continuing to develop its $70,000 Model S premium sedan Today's Bloomberg Social Velocity Alerts, (BSV) Hewlett-Packard Co (Hpq) Lowe'S Cos Inc (Low) Maxlinear Inc (Mxl) Wells Fargo & Co (Wfc) Yahoo! Inc (Yhoo) Overnight Market News Everbright Securities announces that it has approved the resignation of its president Top FX The Indian rupee continues the recent falls and moves to fresh record lows, now at 64.905, the rupee also traded at record lows against the British pound, making Indian assets look increasingly attractive to the UK based investor Economic Data Due 09:00 Eurozone August Manufacturing PMI, 50.6 exp. 50.2 previous 13:30 US August Initial Jobless Claims, 330k exp. 320k previous 15:00 US July Leading Index, 0.5% exp. 0.0% previous Economic Events Fed's Fisher Speaks in Florida US Home Sales 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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