Day Ahead

Wednesday, September 11, 2013, Marketing Communication Opening Call The FTSE is seen starting the day around unchanged today UK Corporate Announcements Kingfisher reports that consumer confidence remains weak in major markets and details H1 sales gained 4.3% to £5.71bn and an H1 adjusted pre-tax profit of £365m down 1.6% Barratt Developments announces a full year adjusted pre-tax profit of £104.8m on revenues of £2.61bn and details an average selling price of £194,800 from £180,500 Thorntons announces a full year pre-tax profit of £5.6m from £0.9m on revenues of £221m up 1.8% UK News The chief of Barclays has been the latest senior city figure to warn of a possible housing bubble PMQs as standard are today at 1pm and may give further details on the UK moves in the UN on Syria Tesco detailed yesterday that it is to sell its fresh & Easy chain to Yucaipa as it exits the US market Vodafone stays in focus as it has until midnight tonight to gain the 75% acceptances for the Kabel Deutschland deal, with talk that hedge funds have been buying up the German stock in size, looking to force Vodafone to pay a higher price London Capital Group fell 7% yesterday as it detailed that tradefair, a unit of Betfair, will end its Spreadbet and CFD white label agreement this December, LCG stated that the deal provided around 5% of its profits last year The FCA states that it is investigating possible manipulations of the ISDA benchmark measures tied to interest rates swaps The FTSE Review Committee meet this evening and they will use yesterday’s closing prices to decide on the the FTSE 100 Constituent changes, Coca Cola HBC, Sports Direct and Mondi look set to enter the FTSE 100, at the expense of Wood Group, ENRC and Serco FTSE 100 Dividends: Admiral Group PLC, ADM, (22.50),  Admiral Group PLC, ADM, (26.40),  G4S PLC, GFS, (3.42),  Hargreaves Lansdown PLC, HL/, (14.38),  Hargreaves Lansdown PLC, HL/, (8.91),  Land Securities Group PLC, LAND, (7.6g),  Standard Life PLC, SL/, (5.22) FTSE 100 Estimated Dividend Impact: 1.5 points FTSE 250 Dividends: Alent PLC, ALNT, (2.89),  Berendsen PLC, BRSN, (8.80),  Bwin.Party Digital Entertainment PLC, BPTY, (1.8g),  F&C Commercial Property Trust Ltd, FCPT, (n/a),  International Public Partnerships Ltd, INPP, (3.075),  Rank Group PLC, RNK, (2.85),  Rathbone Brothers PLC, RAT, (18),  Restaurant Group PLC/The, RTN, (5.25),  Savills PLC, SVS, (3.50),  Temple Bar Investment Trust PLC, TMPL, (15.10) FTSE Small Share: British Assets Trust PLC, BSET, (1.4853),  Cape PLC, CIU, (4.50),  Chesnara PLC, CSN, (6.25),  Clarkson PLC, CKN, (19),  Communisis PLC, CMS, (.60),  Darty Plc, DRTY, (€0.0265),  F&C UK Real Estate Investment Ltd, FCRE, (1.25),  Goodwin PLC, GDWN, (17.645),  Goodwin PLC, GDWN, (35.29),  Henderson Global Trust PLC/Fund, HGL, (2.50), UTV Media PLC, UTV, (1.75) Charity Day Cantor Fitzgerald & BGC commemorate the 658 Cantor employees lost in the 9/11 World Trade centre attacks by donating all revenues raised today to charities around the world. For a list of charities involved this year and for details/videos of previous years events please visit http://www.bgccharityday.com/2013-2/charities/ . You can follow the days’ events on Twitter @CFCharityDay UK Analyst Changes Ashmore Cut To Hold Vs Add At Numis Hsbc Cut To Neutral Vs Overweight At Jpmorgan Whitbread Cut To Neutral Vs Overweight At Jpmorgan UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Kingfisher PLC, S1, 0.114,  Barratt Developments PLC, R, 0.146 European Market Summary Orange SA, the largest phone company in France states that the approval of Telefonica and KPN to combine German assets would trigger a shakeup in the EU telecoms industry Italy sells €11.5bn in Bills at 11:00, Germany sells €5bn in bonds at 11:30 Global Market Footprint Major US Stock Movers After Hours Theravance Inc gained 5% in late trading as the FDA has cleared the use of its lung drug, developed jointly with Glaxo IBM announces it is selling its customer service business to Synnex for $505m, Synnex gained 8% after hours on the news Coldwater Creek fell 20% in late trading as it reported Q2 revenues of $150m under the forecasts of around $163m seen S&P 500 Companies Reporting None Scheduled US Market News Apple detailed yesterday that the new iPhone5S would cost $199-399 with a two year contract, while the IPhone 5C will cost $99-199, Apple traded down 3% yesterday after the news as the pricing was higher than the consensus Recognia the US based Technical Analysis provider is suing MDIO Software and its Autochartist software, alleging the infringement on three of its patents Jon Corzine is attempting to have a lawsuit brought against him by the CFTC thrown out arguing that the complaint ‘relies on irrelevant allegations calculated to sully Mr Corzine’s character, as well as rambling hindsight criticisms of complex management decisions’ Jon Corzine at MF Global was in charge of the 8th largest bankruptcy in US history Today's Bloomberg Social Velocity Alerts, (BSV) ConAgra Foods Inc (CAG) Crocs Inc (CROX) Durect Corp (DRRX) Overnight Market News Bloomberg details that visitors to apartment showrooms in the Tokyo Bay area have increased, since the announcement that the area will host the 2020 Summer Olympics China’s wealthiest man Wang Jianlin has stated that he has hired two investment banks to look at buying hotel management companies, focusing in the US Top FX Argentina has had its ratings cut to CCC+ from B- by S&P, and keeps a negative outlook, moving it in line with Egypt and Cyprus, and seven levels below investment grade Economic Data Due FTSE Index Quarterly Rebalancing Committee Meets Economic Events 09:30 UK August Claimaint Count Rate, 4.3% exp. 4.3% previous 09:30 UK July ILO Unemployment Rate, 7.8% exp. 7.8% previous 15:00 US Wholesale Inventories, 0.3% exp. -0.2% previous UK Unemployment 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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