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Day Ahead

Friday, 30 August 2013


Friday, August 30, 2013, Marketing Communication
Opening Call
  • The FTSE is seen opening around flat today as the traditionally slow summer news period continues
Cantor Capital Markets Image
UK Corporate Announcements
  • Computacenter states that trading has been in line with the expectations and that the excellent momentum in the UK continues
  • Perform Group reports an H1 revenue of £92.4m up 37% and states that it is on track to deliver its full year growth in line with the expectations
  • Restaurant Group announces H1 revenues of £280m and an H1 pre-tax profit of £30m largely in line and states that H1 margins are ‘nicely ahead’ of last year
  • Bwin.Party Digital details an H1 total revenue of €342.5m and an EBITDA of €60.7m and sees full year revenues 14-17% below 2012
  • Charles Taylor announces H1 revenues of £56.1m from £53.0m and states that it remains cautious for H2
UK News
  • Vodafone stays in focus after reports that on any successful sale of its stake in its US joint venture with Verizon, it could itself become a target to the likes of AT&T
  • The UK sells £2.5bn in bills at 11:10
UK Analyst Changes
  • Electrocomponents Raised To Buy Vs Neutral At Ubs
  • Genel Energy Raised To Buy Vs Neutral At Goldman
UK Insider Buying
  • None Detailed
UK Insider Selling
  • None Detailed
FTSE 100 Movers
Major European Companies Reporting
  • Bollore SA, S1, 0,  Bwin.Party Digital Entertainment PLC, S1, 0.053,  Eurocommercial Properties NV, R, 1.964,  Hermes International, S1, 0,  Iliad SA, S1, 2.9,  Polyus Gold International Ltd, S1, 0.06
European Market Summary
  • European press details how Josef Ackermann resigned from Zurich Insurance yesterday citing pressure to share a responsibility for the death this week of the company finance director
  • The EC is looking into applying its banking rules to the ‘shadow banking’ institutions, non bank financial intermediaries that provide credit to the financial sector
Global Market Footprint
Major US Stock Movers After Hours
  • Salesforce.com announces Q3 numbers ahead of the forecasts, as it acquisition of ExactTarget for $2.5bn boosts revenues, the stock gained 8.4% after hours
  • Krispy Kreme fell 13% as it announces Q2 adjusted EPS of 14c against the forecasts of 16c
S&P 500 Companies Reporting
  • None Scheduled
US Market News
  • US markets are closed on Monday for the Labor Day
  • Fed tapering expectations continue to be brought forward as the US economy continues to improve quicker than forecasts, with GDP up 2.5% in Q2
  • Nasdaq confirmed yesterday that the recent three hour halting of trading was due to a fault in its software
  • Microsoft states that it has discussed taking a strategic stake in FourSquare
Today's Bloomberg Social Velocity Alerts, (BSV)
  • Rio Tinto PLC (RIO)
  • Salesforce.com Inc (CRM)
  • Taser International Inc (TASR)
  • Vodafone Group PLC (VOD)
Overnight Market News
  • Sinopec aggress to take a 33% stake in Apache Corp’s Egyptian oil and gas business, its largest purchase yet in the middle east
Top Commodity
  • The Potash market stays in the news as Belarus has continued the rhetoric over its neighbour and suggests that further arrests of Russian executives was possible as it continues investigations into the market
  • Nomura has stated that any western military intervention in Syria will have little to no effect on global oil supply
Economic Data Due
  • 00:05 UK August Consumer Confidence, -15 exp. -16 previous
  • 09:30 UK July Mortgage Approvals, 59.5k exp. 57.7k previous
  • 10:00 Eurozone August CPI, 1.4% exp. 1.6% previous
  • 13:30 US July Personal income, 0.2% exp. 0.3% previous
  • 14:45 US August Uni. of Michigan Confidence, 80.5 exp. 80.0 previous
Economic Events
  • No Major Events Scheduled
US Personal Income
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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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.