Day Ahead

Tuesday, September 10, 2013, Marketing Communication Opening Call The FTSE is called to open up around 30 points today UK Corporate Announcements Ashmore announces full year revenues of £355m up from £337m with assets under management of $77m up 22%, and that full year net management fees gained 4% to £311.2m Whitbread states that comparable sales growth gained 2.1% with 24 week total sales up 12.4% and remains on track with its annual plan Glencore announces that it plans a listing in South Africa, but confirms its primary listing will remain on the LSE, and details that it now sees capex at $4bn, the lower end of its previous guidance Colefax announces that trading has been broadly in line with the expectations UK News The latest RICS house price gauge is up to its highest level for seven years as the government measures continue to buoy the lower end of the market, while the top end of the market continues to be supported by strong international demand for London properties UK IPO talk continues, with reports today that Arrow Global Finance is considering an IPO, to raise £50m Virgin Media has added Netflix to its UK Pay TV services, the first in the UK to host the service The FT suggests that Vodafone is yet to secure enough votes from Kabel Deutschland shareholders for its planned acquisition, its needs 75% acceptances by tomorrow, currently it is thought to have around 68% ICAP is seen to be nearing a deal to settle Libor rate rigging allegations, at a fraction of the fines levied to the banks UK Analyst Changes Bg Group Cut To Equalweight Vs Overweight At Barclays Ag Barr Cut To Sell Vs Hold At Socgen UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Partners Group Holding AG, S1, 0,  Ashmore Group PLC, R, 0.257 European Market Summary Banco Sabadell plans to raise as much as €1.4bn through a share sale, in a much needed effort to boost its finances The Conservative Party in Norway is looking to form a coalition after removing the Labor led coalition at the General Election Global Market Footprint Major US Stock Movers After Hours Five Below the specialty retailer gained 5% as it lifts its full year outlook Neurocrine Biosciences was a billion dollar company at the close yesterday, however it fell 33% after hours as it announces a key drug trial missed its goal, bringing its market cap back down to under $700m S&P 500 Companies Reporting None Scheduled US Market News Apple will be eyed as it releases details of its new iPhones, although much of the story has been leaked in recent days, the main focus will be on the actual pricepoint of the expected cheaper iPhone ranges Bank of America is reportedly looking to cut 2,100 jobs and shut 16 mortgage offices as rising interest rates have weakened loan demand Carl Icahn has stated that he will take no further actions to attempt to block the planned $24.8bn buyout of Dell, ahead of a scheduled shareholder vote on the move on Thursday Verizon could set a fresh record for the largest ever debt sale by a company, as it may raise $20bn by selling debt ranging from 3-30 years Today's Bloomberg Social Velocity Alerts, (BSV) iShares China Large-Cap ETF (FXI) iShares MSCI Brazil Capped ETF (EWZ) iShares MSCI Germany ETF (EWG) Market Vectors Renminbi/USD ET (CNY) Market Vectors Rupee/USD ETN (INR) Peregrine Pharmaceuticals Inc (PPHM) Overnight Market News PetroChina is reportedly considering a $10bn investment in Siberian gas fields Chinese authorities have stated that comments made by Chinese citizens if considered to be slanderous could result in prison terms Top FX Bloomberg highlights how the 90 day correlation between the S&P 500 and the dollar posted a positive correlation in August, for the first time since 2008, reversing the previous trend where dollars was seen as a safe haven and gained when stock markets fell Economic Data Due 00:01 UK August RICS House Price Balance, 36% exp. 36% previous Economic Events FTSE Index Quarterly Rebalancing Committee meeting tomorrow uses today's closes for its calculations Currently Coca-Cola HBC, Mondi & Sports Direct promoted to FTSE 100 ENRC, Wood Group and Serco relegated to Mid 250 UK RICS 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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