Day Ahead

Friday, September 27, 2013, Marketing Communication Opening Call The FTSE is seen opening around unchanged to just a touch higher today UK Corporate Announcements Hyder Consulting states that it has traded in line with its expectations and stays confident on its outlook Helphire announces a full year revenue of £204.8m and an adjusted operating income of £8.0m Babcock States that trading has remained positive UK News Royal Mail announces that its shares are to be offered in a range of 260-330p/share giving a market cap of £2.6-3.3bn and states it plans to pursue a progressive dividend policy, with conditional dealing expected to start on October 11th United Drug announces that it has changed its business name to UDG Healthcare Osborne attempts to counter housing bubble concerns by giving the Bank of England more room to warn the government of issues in the housing market The Telegraph suggests that G4S is preparing a joint bid, with Oberthur, for the £1bn contract to produce UK banknotes Ladbrokes is the focus of some M&A talk after yesterday’s profit warning took 7% off its market cap, it was its third profit warning this year The Independent suggests that the recovery in the UK is being driven by consumer spending not be additional exports and investments, raising concerns on its sustainability The UK sells £2bn in Bills at 11:10 Due to annual leave the Day Ahead will not be sent out for the next two weeks, and will resume Monday 14th October UK Analyst Changes Amlin Cut To Sell Vs Hold At Berenberg Apr Energy Cut To Neutral Vs Buy At Goldman Bunzl Raised To Neutral Vs Sell At Goldman Electrocomponents Raised To Buy Vs Neutral At Goldman Michael Page Raised To Buy Vs Neutral At Goldman Premier Farnell Raised To Buy Vs Neutral At Goldman Regus Raised To Buy Vs Neutral At Goldman Robert Walters Raised To Buy Vs Neutral At Goldman Travis Perkins Raised To Buy Vs Neutral At Goldman Wpp Raised To Overweight Vs Neutral At HSBC UK Insider Buying Intercede Group Plc, (IGP), 1 insider(s) bought 30000 shares, £1 Firstgroup Plc, (FGP), 7 insider(s) bought 14587 shares, £1.2 Sabmiller Plc, (SAB), 1 insider(s) bought 390 shares, £32.14 UK Insider Selling Frenkel Topping Group, (FEN), 1 insider(s) sold 1000000 shares, £0.28 Schroders Plc, (SDR), 1 insider(s) sold 32750 shares, £25.5 FTSE 100 Movers Major European Companies Reporting None Scheduled European Market Summary Germany and the UK have rejected the proposed plan to set up a €50bn non euro area bank bailout fund Rabobank is reportedly set to settle Libor allegations as early as next month Italy sells €6bn in bonds at 11:00 Global Market Footprint Major US Stock Movers After Hours Nike gained 6% as it announced Q1 EPS and revenues ahead of the forecasts citing strength in North America Nektar fell 25% in late trading as it announces a key Phase 2 study missed a goal S&P 500 Companies Reporting Discover Financial Services, Q3, 1.187,  Micron Technology Inc, Q4, 0.228 US Market News JP Morgan chief Dimon and US attorney general Eric Holder met yesterday to discuss the proposed $11bn settlement, but the meeting failed to produce a final agreement US press suggests that Ford’s Mulally is in the lead to be the next Microsoft CEO Electronic Arts announces it was pulling a planned game based on US college football as it settles a lawsuit by student athletes over use of their images The emergency manager at Detroit is looking to freeze the city’s pension system for public workers amongst concerns it was operated in an unsound manner for many years, two months after the city filed for bankruptcy Google details that largest change to its search algorithm since 2000, allowing it to handle more complex queries Today's Bloomberg Social Velocity Alerts, (BSV) Baltic Trading Ltd (BALT) Cisco Systems Inc (CSCO) eBay Inc (EBAY) Hertz Global Holdings Inc (HTZ) Rio Tinto PLC (RIO) Overnight Market News Asian markets are looking set for the strongest monthly performance since 2010, as the MSCI Asia Pacific Index is up 8.1% so far in September Fujimaki a former advisor to George Soros who is now a member of parliament in Japan states that ‘I don’t think Japan can survive until 2020’ and that another financial crisis would occur sooner or later  and that neither a higher sales tax nor Olympic 2020 spending will halt it Economic Data Due 00:05 UK September GfK Consumer Confidence, -11 exp. -13 previous 10:00 Eurozone September Consumer Confidence 13:30 US August Personal Income, 0.4% exp. 0.1% previous 14:55 US September University of Michigan Confidence, 78.0 exp. 76.8 previous Economic Events ECB President Draghi Speaks in Milan US GDP 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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