Day Ahead

Tuesday, August 27, 2013, Marketing Communication Opening Call The FTSE is seen falling around 40 points on the open today as it catches up with the slight negativity posted in US markets yesterday UK Corporate Announcements Petrofac states that it remains on track to achieve its 2015 earnings targets Bunzl announces H1 revenues of £2.96bn from £2.61bn and an adjusted operating profit of £188.8m Antofagasta reports H1 group revenues of $2.77bn down 12.1% UTV Media announces H1 group revenues of £55.2m from £61.6m and a pre-tax profit of £6.1m from £10.7m Plus 500 announces H1 revenues gained 47% to $44.7m with net income up 59% to $15.4m and confirms its full year expectations UK News Foxtons announces that it is seeking £55m in a London IPO, and expects a free float of 50% after the sale The Bank of England deputy governor states that he s not worried that the UK housing market is booming, and attempts to reduce concerns of a potential eventual bursting of the bubble The August Bank Holiday in the UK is often the trigger for the markets to move back into a full gear after the traditionally slower summer period Income Data Services suggests that Finance chiefs of FTSE 10 companies earned £1.7m on average in 2012, up 4.7% UK Analyst Changes Iag Cut To Hold Vs Buy At Investec Informa Removed From Most Preferred List At Ubs Premier Foods Raised To Outperform Vs Neutral: Credit Suisse Premier Foods Raised To Outperform Vs Neutral: Credit Suisse Ryanair Raised To Buy Buy Vs Hold At Investec UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Flughafen Zuerich AG, S1, 7.295,  Unione di Banche Italiane SCPA, S1, 0 European Market Summary The CFO of Zurich Financial died on Monday, he was found at his home in Switzerland yesterday morning Spain sells bills at 10:30 and Italy sells bonds at 11:00 Global Market Footprint Major US Stock Movers After Hours Acura Pharma came off 19% as it announces that a key study did not show statitistical significance S&P 500 Companies Reporting None Scheduled US Market News Bill Ackman’s Pershing Square Capital Management has hired Citigroup to underwrite the sale of its 18% stake in JC Penney Sirius XM Radio is being sued by the music industry as it allegedly refuses to pay royalties for songs recorded before 1972 The US Treasury states that it will hit the debt ceiling mid October BATS  Global Markets and Direct Edge yesterday agreed to merge Daniel Loeb’s Third Point LLC has built up a stake in Sotheby’s Today's Bloomberg Social Velocity Alerts, (BSV) Amgen Inc (Amgn) Anadarko Petroleum Corp (Apc) Dell Inc (Dell) Procter & Gamble Co/The (Pg) Overnight Market News Shanghai Daily reports that officials have started the process to approve a free-trade zone in Shanghai Top FX The yen gained as it is once again seen as a safe haven as the selloff in emerging market currencies continues The Indian rupee has fallen to another fresh record low today, to 65.6025 The Bitcoin Foundation met with US officials yesterday, ranging from FBI to the IRS to help increase the status of Bitcoin within the financial markets Economic Data Due 13:30 US July Durable Goods, -3.6% exp. 4.2% previous Economic Events No Major Events Scheduled UK Durable Goods 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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