Day Ahead

Tuesday, September 17, 2013, Marketing Communication Opening Call The FTSE is called down around 15 points on the open today UK Corporate Announcements IG Group announces Q1 revenues of £93.6m up 15% and states it provides a solid start to the financial year Debenhams announces that it sees full year pre-tax profit in line with the market expectations stating that the warmer summer may have helped sales Galliford Try reports a full year pre-tax profit of £74.1m from £63.1m on revenues of £54.7m and states that the prospects look encouraging for the next financial year Imagination Technologies states that the momentum in the business has continued and that royalty revenues have growing in line with the estimates UK News Lloyds will be the dominant story today as the government sells around 6% of the today at 75p with total proceeds from the sale at $3.21bn The FT suggests that the interest in the Lloyds sale is seen as a vote of confidence in the UK UK Analyst Changes Autos Raised To Overweight, Oil Cut To Underweight At Citi Go-Ahead Raised To Overweight Vs Neutral At Jpmorgan Phoenix Cut To Hold Vs Buy At Berenberg Resolution Cut To Sell Vs Hold At Berenberg St James’S Place Raised To Buy Vs Hold At Berenberg Stagecoach Raised To Overweight Vs Neutral At Jpmorgan Standard Life Raised To Hold Vs Sell At Berenberg 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 Mediobanca SpA, R, -0.147 European Market Summary The focus in Germany stays on the September 22 elections, with Merkel coalition only marginally ahead of the its rivals Global Market Footprint Major US Stock Movers After Hours Pandora fell over 10% as it announced a 10m share offering to raise $230m Outerwall the owner of aDVD rental kiosk chain fell 20% as it detailed lower than expected sales and cuts its full year forecasts, citing discounts and shorter rentals S&P 500 Companies Reporting Adobe Systems Inc, Q3, 0.337 US Market News Bloomberg highlights how Northern Trust Corp with $800bn in assets has its highest position in equities since 2008 as the global economic picture continues to improve JP Morgan is in talks with authorities to pay around $800m to settle charges around the ‘London whale’ losses of $6bn Bombardier made the first test flight of its CSeries jet yesterday, the first major milestone in its plans to be a major rival to the likes of Boeing and Airbus Today's Bloomberg Social Velocity Alerts, (BSV) BioMarin Pharmaceutical Inc (BMRN) Helmerich & Payne Inc (HP) Rio Tinto PLC (RIO) Take-Two Interactive Software (TTWO) Toyota Motor Corp (TM) Overnight Market News The RBA states that a rate cut is not imminent but does not close off the chance of a rate cut ahead Top FX The euro is down at a three week low as the Fed starts its two day meeting today, although reportedly Janet Yellen had told colleagues in recent weeks that she did not expect to be nominated as the next chairman of the fed The pound moved up to an 8 month high against the dollar on the Summers decision yesterday Economic Data Due 09:30 UK August PPI Output, 0.2% exp. 0.2% previous 10:00 Eurozone ZEW Survey, 44.0 previous 13:30 US August CPI 0.2% exp. 0.2% previous Economic Events None Detailed UK PPI 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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