Day Ahead

Friday, August 23, 2013, Marketing Communication Opening Call The FTSE is called up around 25 points higher today UK Corporate Announcements Afren announces H1 revenues gained 2% to $797m with production up 13% to an average of boepd and maintains its full year targets Berendsen reports an H1 adjusted EPS of 26.2p on revenues of £521.5m and states it delivered a good underlying performance in H1 Henry Boot states that it continues to trade in line with the forecasts UK News The BBC highlights how the price of farmland has more than trebled since 2004, with the RICS describing the move ‘as nothing short of staggering’ The OFT has cited six High Street furniture and carpet retailers of misleading customers with fake sale prices, none have been named officially, where 95% of sales occurred at the ‘lower’ price and in some cases 100% and called the problem endemic The London Overground system will be disrupted over the Bank Holiday weekend due to strike action The UK sells £2bn in bills at 11:10 UK Analyst Changes Aveva Rated New Hold At Liberum, Pt 2,350P UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Afren PLC, S1, 0.109,  Banque Cantonale Vaudoise, S1, 0,  FLSmidth & Co A/S, Q2, 4.725,  Koninklijke Vopak NV, S1, 1.34 European Market Summary ECB member Nowotny has stated that the recent string of good news from the euro-area has removed any need to cut interest rates to a fresh record low Global Market Footprint Major US Stock Movers After Hours Aeropostale the apparel retailer,  fell 11% after hours as it announced a Q3 Adjusted pre-tax loss and cites the ‘highly promotional and competitive retail environment which it expects to continue S&P 500 Companies Reporting None Scheduled US Market News After widely reported outages at Google and Amazon in recent weeks, Nasdaq trading was closed for trading for three hours yesterday, citing computer errors The impact also cut volumes on the big board as traders were concerned about possible liquidity issues, fortunately the issues occurred at a time of general market calm, had the outage occurred on a heavy selling the day, the impact on sentiment could have been serious Moody’s states that it may cut the ratings of JPMorgan, Morgan Stanley, Wells Fargo and Goldman Sachs on the belief that the government is less likely to assist on any future issues Eli Lilly has been cited as having spent $m to bribe doctors in China to prescribe its medicines ahead of its competitors Today's Bloomberg Social Velocity Alerts, (BSV) Abercrombie & Fitch Co (Anf) Market Leader Inc (Ledr) Theravance Inc (Thrx) Overnight Market News Shanghai Daily reports that officials have started the process to approve a free-trade zone in Shanghai Top FX Brazilian has increased its currency intervention, as it details a $60bn program of currency swaps and loans buying, as the emerging market currencies continue to unwind from the strong gains posted in recent years as the US led QE money looks to increasingly return to the US Economic Data Due 07:00 German Q2 GDP, 0.7% exp. 0.7% previous 09:30 UK Q2 GDP, 0.6% exp. 0.6% previous 15:00 Eurozone Consumer Confidence, -16.7 exp. -17.4 previous 15:00 US July New Home Sales, 490k exp. 497k previous Economic Events No Major Events Scheduled UK 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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