Day Ahead

Tuesday, September 3, 2013, Marketing Communication Opening Call The FTSE is seen up around 20 points higher this morning UK Corporate Announcements DS Smith states that the current year has started well and that the overall outlook remains positive Genus announces a full year pre-tax profit of £28.1m, with revenues up 1% to £345m, under the forecasts of around £47.7m seen Greene King reports that its retail estate now reaches 1,000 sites and that it is seeing indications of growing consumer confidence Goals Soccer Centres announces H1 sales of £16.6m up 2% and an adjusted pre-tax profit of £4.1m UK News Glaxo stays in the news as a Chinese official states that Glaxo workers paid bribes to China hospital officials The UK sells £1.5bn of Bonds at 10:30 UK Analyst Changes Advanced Medical Solutions Cut To Hold Vs Add At Numis Capital & Counties Cut To Neutral Vs Overweight At Jpmorgan Centrica Raised To Buy Vs Hold At Deutsche Bank Fresnillo Cut To Sector Perform Vs Outperform At Rbc G4S Cut To Neutral Vs Outperform At Credit Suisse Great Portland Estates Cut To Neutral Vs Overweight At Jpmorgan Quintain Estates Cut To Neutral Vs Overweight At Jpmorgan Segro Raised To Overweight Vs Equalweight At Barclays Shire Rated New Outperform At Bernstein; Pt 2,800P Vodafone Cut To Neutral Vs Outperform At Macquarie Vodafone Raised To Market Perform Vs Underperform At Bernstein UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Helvetia Holding AG, S1, 18.428, Iliad SA, S1, 2.9 European Market Summary The EC has stated that ‘blatant and uncontrolled protectionism’ was occurring across the emerging markets and warns that such abuses were a threat to the global recovery The former chief of the Asian unit of Blackstone, Ben Jenkins, has made a €3.8bn over for the French assets of Europe’s largest telecoms tower operator Telediffusion de France Greece sells bills at 11:00 Global Market Footprint Major US Stock Movers After Hours Salesforce.com gained 8% after hours on Friday, and the moves could support others in the sector such as SAP when the US markets resume from the long weekend today S&P 500 Companies Reporting None Scheduled US Market News Microsoft is to buy Nokia Devices Business for €5.44bn as Nokia exits the business it once dominated, as both Microsoft and Nokia attempt to re-position themselves in the mobile market after largely missing the smart phone boom Time Warner and CBS have settled their recent spat, and have now reached a fresh content carriage pact US filings detail how Citigroup has shed some $6bn in private equity assets over the past month, so that it complies with the latest regulations designed to limit the use of alternative investments The NY Times writes that the growing consensus is that President Obama will name Lawrence Summers as the new head of the Fed, ahead of Janet Yellen, the current vice chairwoman Today's Bloomberg Social Velocity Alerts, (BSV) Akamai Technologies Inc (AKAM) Baidu Inc (BIDU) CBS Corp (CBS) Cytokinetics Inc (CYTK) FMC Corp (FMC) Microsoft Corp (MSFT) Nokia OYJ (NOK) Rio Tinto PLC (RIO) Rockwell Automation Inc (ROK) Seadrill Ltd (SDRL) SouFun Holdings Ltd (SFUN) Under Armour Inc (UA) Vodafone Group PLC (VOD) Overnight Market News Li stays confident that China will meet its economic goals, stating that recent data has shown employment and prices have been stable The RBA leaves the interest rate at 2.5%, in line, and states that the Aussie dollar remains at a high level which may decline over time Nomura states in a note that the worst is now over for the Asian emerging markets after the recent concerns of US Fed QEIII money returning to the US HTC traded lower after three of the phonemaker’s executives have been arrested on allegations of leaking trade secrets China Minzhong traded down over 50% last week after a ‘strong sell’ rating was issued by Glaucus Research, however overnight Indofood, its largest shareholder, announces that it is to buy the rest of the group for $383m, at 1.120, the price the stock was trading at, at the start of last week Economic Data Due 09:00 Eurozone August PMI Manufacturing, 51.3 exp. 51.3 previous 09:30 UK August PMI Manufacturing, 55.0 exp. 54.6 previous Economic Events No Major Events Scheduled UK Manufacturing PMI 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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