Day Ahead

Monday, September 16, 2013, Marketing Communication Opening Call The FTSE is seen opening up a hefty 60-70 points this morning UK Corporate Announcements Petra Diamonds reports a full year adjusted net profit of £27.9m on revenues of $402m up 27% and remains on track French Connection announces an H1 pre-tax loss of £6.1m from £6.3m UK News United Business Media announces that its CEO is to step down, but will remain while a successor is found Flybe announces that its current divisional structure will be  disbanded and that all operations will be integrated into a single operating unit, and details its MD of Flybe UK, MD of Flybe Outsourcing and its Director of Corporate Strategy left the company as of Friday last week Marks & Spencer announces that it is cutting its monthly fees for current accounts at its banking unit ahead of regulator moves to make switching between banks more straightforward The FT suggests that it is looking at potential acquisitions in India following its Verizon Wireless stake sale Bob Diamond has criticised regulators for their lack of progress in defining ways to safely ‘wind down’ failing systemically significant financial institutions The Telegraph suggests that the upcoming Royal Mail IPO could cost some rural Tories their seats as voters stay concerned that a more profitable Royal Mail will continue the recent trend of closing rural Post Offices The Sunday Times writes on how the Sultan of Brunei has quietly been buying up around 75% of the property on London’s Queensway UK Analyst Changes Barclays Raised To Buy Vs Reduce At Nomura Glaxo Cut To Equalweight Vs Overweight At Barclays UK Insider Buying Bank Of Georgia Holding, insider(s) bought 9412 shares, £18 UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting Kaba Holding AG, R, 20.907 European Market Summary An Italian medical institute has pulled out of a research link up with Glaxo citing its secretive and inflexible policies The Costa Concordia salvage operation is due to start this morning, putting the focus on owner Carnival Corp France sells bills at 14:50 Global Market Footprint Major US Stock Movers After Hours There were no major movers after hours S&P 500 Companies Reporting None Scheduled US Market News Chrysler is expected to file for an IPO this week after Fiat and the trust that owns the rest of the automaker failed to agree a market price Former Treasury Secretary Summers has withdrawn from consideration to succeed Bernanke at the Fed, stating that any confirmation process would be acrimonious and not serve the interest of the Fed Bill Gross states that the Summers move is likely to be good for the markets in the near term as he was seen as keeping monetary policy tighter than Janet Yellen Twitter is reportedly looking at an NYSE launch rather than the the more tech orientated Nasdaq, with some suggesting the issues surrounding the Facebook IPO last year affected the decision Westfield announces that it sells 7 of its US malls to Starwood Capital for $1.64bn Today's Bloomberg Social Velocity Alerts, (BSV) BioMarin Pharmaceutical Inc (BMRN) Google Inc (GOOG) Rio Tinto PLC (RIO) Overnight Market News Ranbaxy Laboratories fell 35% in Indian trading as the largest drugmaker in the country received an import alert against one of its facilities Japan closed its last remaining nuclear plant for maintenance yesterday, moving the country nuclear free, with local analysts suggesting that the country may not have enough power this winter with nuclear power Economic Data Due 00:01 UK September Rightmove House Prices, -1.8% previous 10:00 Eurozone August CPI, 0.1% exp. -0.5% previous 13:30 US September Empire Manufacturing, 9.0 exp. 8.24 previous 14:15 US August Industrial Production 0.4% exp. 0.0% previous Economic Events ESM Reviews Portugal Bailout Plan US Empire Manufacturing 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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