Cantor Fitzgerald Europe Launches Centrally Cleared CFDs

Centrally Cleared CFDs Europe’s first centrally cleared OTC Contract for Difference has been launched by Cantor Fitzgerald Europe and LCH.Clearnet Group. In partnership with Commerzbank Corporates & Markets, ING and Citi, the launch is in response to investors’ demands for a reduction in risk for this increasingly popular OTC product. Cantor Fitzgerald Europe centrally cleared CFDs make sure that clients can access the best market price for a trade while benefiting from reduced counterparty risk provided by a CCP. For the full Cantor Fitzgerald centrally cleared CFDs Press Release, October 30th 2013, please click here. For a list of frequently asked questions on centrally cleared CFDs please visit our site here. Contact Us +44 20 7894 8883 sales@cantorcapital.com 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. This note is not “investment research”, a “research recommendation” or a product of the Research Department. Please be aware that the CFE Research Department may issue a formal recommendation and target price on the stocks mentioned, which may differ from the opinion given here.  This note may contain information obtained by CFE from third parties; the source of information will usually be disclosed.  CFE makes no representation and gives no warranty as to the accuracy or completeness of the contents of this note. Any person placing reliance upon this note does so at their own risk. Investors should consider this note as only a single factor in making their investment decision. The investment discussed in this note may be unsuitable for investors depending on their specific investment objectives and financial position. CFE, its officers, employees and affiliates shall not be liable to any person in any way whatsoever for any losses, costs or claims howsoever arising from any inaccuracies or omissions in this note or any reliance on this note. The recipient is strongly recommended to see independent legal, tax and financial advice. Past performance is not necessarily a guide to future performance. Income from investments may fluctuate. The price or value of the investments to which this note relates; either directly or indirectly, may fall or rise against the interest of investors. This note should not be considered to be a solicitation nor an offer of advice for the purposes of the sale or purchase of any security, investment or derivative.  The information contained in this note is not intended to form the basis of any investment decision and should not be considered a recommendation by CFE or any other person in relation to any of the companies, stock, commodities, currencies or other markets mentioned / referred to in this note. All the information contained herein is based upon information available to the public and has been obtained from sources believed to be reliable. However, the information contained in this note has not been verified by CFE and CFE undertakes no obligation to provide recipients of this note with any additional information or any update to or correction of the information contained in this note. This note is provided by CFE and may be forwarded unamended and in its entirety. This note may not be used in whole or in part to create any other work. All rights reserved. FTSE International Limited (“FTSE”) © FTSE [2013]. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent. CFE is authorised and regulated by the FCA under Firm Reference Number 149380.   CFE – The Financial Services Register Information: http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=61341 Registered in England No. 02505767 Registered Address: One Churchill Place, Canary Wharf, London, E14 5RB Risk Warning Trading CFDs carries a high level of risk to your capital and is not suitable for all customers. Furthermore, margined products use leverage to increase the level of exposure to the product, and as a result your losses may substantially exceed your initial deposit and require you to make additional deposits at short notice. Prior to trading leveraged CFDs, you should carefully consider your investment objectives, experience and risk appetite and should not invest money that you cannot afford to lose. Spread Bets are leveraged products placing your capital at risk. Losses can quickly exceed your initial deposit and thus require you to make additional deposits at short notice to maintain your positions. Leveraged products are not suitable for all customers. Please ensure you understand the risks involved before opening an account. You should ensure you fully understand the risks and seek independent financial advice if in doubt. CFE provides an execution only service and does not offer investment advice. These products are not intended for people under the age of 18 or for US residents. The distribution of this note in other jurisdictions may be restricted by law and persons into whose possession this note comes should inform themselves about and observe any such restrictions. By accepting this note you agree to be bound by the foregoing instructions.

Click for more »

Day Ahead, October 31st

Thursday, October 31, 2013, Marketing Communication Opening Call The FTSE is called down around 20 points this morning UK Corporate Announcements National Express announces that Q3 revenues gained 5% and that it remains on track to meet its profit and cash expectations for the full year Henderson Group details AUM gained £2.9bn to £70.8bn end September, and that its strong investment performance has been maintained BG Group reports Q3 adjusted profit falls 4% to $1.1bn, but ahead of the forecasts of around $943m seen Countrywide states that it sees a meaningful uplift in home market in H2, with nine month home sales up 23% from previous year Premier Foods announces Q3 sales fell 3.25 to £283.2m and maintains its full year outlook Croda states that sales trends improved in Q3  and sees Q4 profits similar to Q3 BT Group reports a Q2 adjusted EPS of 6p just ahead of the forecasts, on revenues of £4.49bn also just ahead AstraZeneca details a core EPS of $1.21, against forecasts of $1.27 seen, on sales of $6.25bn down 6% and versus forecasts of $6.38bn Shell announces a Q3 adjusted profit of $4,5bn against the expectations of $5.3bn seen UK News The government is set to announce today plans to ‘lift the cloak of secrecy’ on shell companies, as part of its moves to crack down on tax evasion The Times suggests that Cable & Wireless Communications is looking at a €1bn bid for a telecoms network in the Dominican Republic A new report suggests that sponsored Oyster system in London could allow Transport for London to make much needed improvements to stations, including free wi-fi Merlin Entertainment set its IPO price range yesterday, at 280-330p valuing the group at £3.3bn UBS suggests that UK house prices could gain 10% over the next 12 months as the economy recovers and banks continue to increase mortgage lending Centrally Cleared CFDS Europe’s first centrally cleared OTC Contract for Difference has been launched by Cantor Fitzgerald Europe and LCH.Clearnet Group. In partnership with Commerzbank Corporates & Markets, ING and Citi, the launch is in response to investors’ demands for a reduction in risk for this increasingly popular OTC product. Please click on the banner above for more information Client Notice Please be aware that as part of a software upgrade at the LSE all UK equity GTC orders will be cancelled close of UK business Friday 1st November. Clients will need to re-enter UK equity GTC orders on Monday 4th November UK Analyst Changes Ferrexpo Pt Cut To 250P Vs 290P At Cantor; Kept At Buy Grafton Raised To Hold Vs Sell At Berenberg Travis Perkins Raised To Hold Vs Sell At Berenberg UK Insider Buying Ricardo Plc, (RCDO), 1 insider(s) bought 820 shares, £6.05 UK Insider Selling None Detailed FTSE 100 Movers UK IPO's Issuer Name Pricing Date Applied Graphene Materials 12/31/2014 EU Supply PLC 11/30/2013 Everyman Media Group Plc 11/07/2013 Infinis Energy Ltd 11/30/2013 Merlin Entertainments plc 11/12/2013 Oxford Immunotec Global PLC Rightster Group plc 11/30/2013 Servelec Group Plc Universal Movers Corp Major European Companies Reporting Air France-KLM, Q3, 0.731,  Alcatel-Lucent/France, Q3, -0.048,  Anheuser-Busch InBev NV, Q3, 1.255,  ASM International NV, Q3, 0.35,  AstraZeneca PLC, Q3, 1.254,  Banco Popular Espanol SA, Q3, 0,  Bayer AG, Q3, 1.218,  BG Group PLC, Q3, 0.312,  BNP Paribas SA, Q3, 1.044,  Bolsas y Mercados Espanoles SA, Q3, 0.4,  BT Group PLC, S1, 0,  Coloplast A/S, R, 12.833,  Danske Bank A/S, Q3, 2.256,  Deutsche Lufthansa AG, Q3, 1.243,  EDP - Energias de Portugal SA, Q3, 0.085,  Evonik Industries AG, Q3, 0.446,  GEA Group AG, Q3, 0.527,  Geberit AG, Q3, 0,  Hugo Boss AG, Q3, 1.621,  Jeronimo Martins SGPS SA, Q3, 0.195,  Nokian Renkaat OYJ, Q3, 0.522,  Novo Nordisk A/S, Q3, 12.218,  Randstad Holding NV, Q3, 0.673,  Rexel SA, Q3, 0.297,  Royal Dutch Shell PLC, Q3, 0.819,  Smith & Nephew PLC, Q3, 0.171,  Technip SA, Q3, 1.459,  Telenor ASA, Q3, 2.812,  Total SA, Q3, 1.249,  Wereldhave NV, Q3, 0.795 European Market Summary Investors are now able to take a direct position on diamond mining with the Russian government spinning off 16% of Alrosa on the Micex exchange Nokia wins a major case against HTC Corp, which could result in it having to stop selling its flagship HTC One model in the UK Global Market Footprint Major US Stock Movers After Hours Expedia jumped a solid 15% after hours as it announces Q3 numbers well ahead of the forecasts Facebook ended the extended session down 3% after initially gaining as overall earnings were stronger but it did also detail that usage by younger teens has fallen S&P 500 Companies Reporting American International Group Inc, Q3, 0.956,  AmerisourceBergen Corp, Q4, 0.741,  Apartment Investment & Management Co, Q3, 0.504,  Avon Products Inc, Q3, 0.188,  Beam Inc, Q3, 0.58,  Cardinal Health Inc, Q1, 0.85,  Cigna Corp, Q3, 1.621,  Clorox Co/The, Q1, 1.005,  ConocoPhillips, Q3, 1.441,  CONSOL Energy Inc, Q3, 0.025,  Discovery Communications Inc, Q3, 0.729,  Estee Lauder Cos Inc/The, Q1, 0.732,  Exxon Mobil Corp, Q3, 1.77,  First Solar Inc, Q3, 1.005,  Fluor Corp, Q3, 1.031,  Harman International Industries Inc, Q1, 0.838,  Invesco Ltd, Q3, 0.52,  Iron Mountain Inc, Q3, 0.301,  Marathon Petroleum Corp, Q3, 0.668,  MasterCard Inc, Q3, 6.926,  Mylan Inc/PA, Q3, 0.788,  Newmont Mining Corp, Q3, 0.325,  NiSource Inc, Q3, 0.17,  Northeast Utilities, Q3, 0.728,  Perrigo Co, Q1, 1.392,  Pinnacle West Capital Corp, Q3, 2.167,  PPL Corp, Q3, 0.682,  Public Storage, Q3, 1.891,  Quanta Services Inc, Q3, 0.44,  Republic Services Inc, Q3, 0.493,  SCANA Corp, Q3, 0.917,  Southwestern Energy Co, Q3, 0.502,  TECO Energy Inc, Q3, 0.326,  Teradata Corp, Q3, 0.709,  Time Warner Cable Inc, Q3, 1.639 US Market News Fed officials maintained the ‘easy money program’ and gave no clear indication on tapering with markets coming off into the close on the lack of detail S&P details that it has downgraded Greece from the developed markets into the emerging markets Citigroup and JP Morgan have reportedly put a number of senior London based currency dealers on leave as regulators investigate their instant messaging group as part of the FX rate manipulation investigations Today's Bloomberg Social Velocity Alerts, (BSV) Kraft Foods Group Inc (KRFT) Overnight Market News The central bank governor of UAE states that he was ‘not worried’ about a property boom in the region Morgan Stanley is taking a 30% stake in Mitsubishi UFJ Financial, the Japanese based wealth management business Economic Data Due 00:05 UK October GfK Consumer Confidence, -8 exp. -10 previous 07:00 UK October Nationwide House, 0.7% exp. 0.9% previous 10:00 Eurozone September Unemployment Rate, 12.0% exp. 12.0% previous 12:30 US Weekly Jobless Claims, 350k previous Economic Events None Detailed EU Unemployment Rate Contact Us 0044 (0) 207 894 8883 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. This note is not “investment research”, a “research recommendation” or a product of the Research Department. Please be aware that the CFE Research Department may issue a formal recommendation and target price on the stocks mentioned, which may differ from the opinion given here.  This note may contain information obtained by CFE from third parties; the source of information will usually be disclosed.  CFE makes no representation and gives no warranty as to the accuracy or completeness of the contents of this note. Any person placing reliance upon this note does so at their own risk. Investors should consider this note as only a single factor in making their investment decision. The investment discussed in this note may be unsuitable for investors depending on their specific investment objectives and financial position. CFE, its officers, employees and affiliates shall not be liable to any person in any way whatsoever for any losses, costs or claims howsoever arising from any inaccuracies or omissions in this note or any reliance on this note. The recipient is strongly recommended to see independent legal, tax and financial advice. Past performance is not necessarily a guide to future performance. Income from investments may fluctuate. The price or value of the investments to which this note relates; either directly or indirectly, may fall or rise against the interest of investors. This note should not be considered to be a solicitation nor an offer of advice for the purposes of the sale or purchase of any security, investment or derivative.  The information contained in this note is not intended to form the basis of any investment decision and should not be considered a recommendation by CFE or any other person in relation to any of the companies, stock, commodities, currencies or other markets mentioned / referred to in this note. All the information contained herein is based upon information available to the public and has been obtained from sources believed to be reliable. However, the information contained in this note has not been verified by CFE and CFE undertakes no obligation to provide recipients of this note with any additional information or any update to or correction of the information contained in this note. This note is provided by CFE and may be forwarded unamended and in its entirety. This note may not be used in whole or in part to create any other work. All rights reserved. FTSE International Limited (“FTSE”) © FTSE [2013]. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent. CFE is authorised and regulated by the FCA under Firm Reference Number 149380.   CFE – The Financial Services Register Information: http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=61341 Registered in England No. 02505767 Registered Address: One Churchill Place, Canary Wharf, London, E14 5RB Risk Warning Trading CFDs carries a high level of risk to your capital and is not suitable for all customers. Furthermore, margined products use leverage to increase the level of exposure to the product, and as a result your losses may substantially exceed your initial deposit and require you to make additional deposits at short notice. Prior to trading leveraged CFDs, you should carefully consider your investment objectives, experience and risk appetite and should not invest money that you cannot afford to lose. Spread Bets are leveraged products placing your capital at risk. Losses can quickly exceed your initial deposit and thus require you to make additional deposits at short notice to maintain your positions. Leveraged products are not suitable for all customers. Please ensure you understand the risks involved before opening an account. You should ensure you fully understand the risks and seek independent financial advice if in doubt. CFE provides an execution only service and does not offer investment advice. These products are not intended for people under the age of 18 or for US residents. The distribution of this note in other jurisdictions may be restricted by law and persons into whose possession this note comes should inform themselves about and observe any such restrictions. By accepting this note you agree to be bound by the foregoing instructions.

Click for more »

Day Ahead, October 30th

Wednesday, October 30, 2013, Marketing Communication Opening Call The FTSE is called up around 10 points higher today UK Corporate Announcements C&C affirms its full year operating guidance of €125-132m on revenues of €336.7m up 27.8% Next announces Q3 retail sales gained 0.4% and states Next branded sales were just above guidance and details it plans to enhance its share buybacks by at least £300m Standard Life details nine month sales of £17.3bn against forecasts of £17.4bn seen, with fee based revenues up 15% in the first nine months of the year Barclays announces nine month adjusted pre-tax profit fell 20% to $4.97bn, with Q3 adjusted pre-tax profit of £1.39bn broadly in line African Barrick announces Q3 sales fell 17% to $221.1m with net income of $17.8m from $23.8m Pearson confirms its full year outlook as nine month sales gained 4% and states its restructuring programme remains on track Lookers states that it sees its full year results significantly ahead of the market views UK News A US court rules that Barclays will need to pay $700m to US hedge fund Black Diamond as it loses its appeal against previous rulings that it was in breach of contract over a large credit derivatives transaction The UK government is reportedly looking at a 0.75% cap on Pension Fund charges in order to help savers UK press highlights how the UK arm of Blockbuster is set to go into administration for the second time in 10 months as the business continues to struggle with the increasingly online rental market The ONS detailed that the UK population passed on £37bn through inheritance over the past year, with 76% of the inherited wealth going to 25% of the population The Times writes that Servelec, the Sheffield based software company, is set to announce today its plans for an IPO UK Analyst Changes BP Raised To Buy Vs Hold At Socgen Glanbia Rated New Buy At Cantor; Pt Eu11.9 Petrofac Raised To Buy Vs Neutral At Goldman UK Insider Buying None Detailed UK Insider Selling Utilitywise Plc, (UTW), 1 insider(s) sold 2712500 shares, £1.9 FTSE 100 Movers UK IPO's Issuer Name Pricing Date Applied Graphene Materials 12/31/2014 Everyman Media Group Plc 11/07/2013 Infinis Energy Ltd 11/30/2013 Merlin Entertainments plc Oxford Immunotec Global PLC Rightster Group plc 11/30/2013 Universal Movers Corp Major European Companies Reporting Abertis Infraestructuras SA, Q3, 0.42,  Barclays PLC, Q3, 0.066,  C&C Group PLC, S1, 0.173,  Clariant AG, Q3, 0.27,  Ebro Foods SA, Q3, 0,  Eni SpA, Q3, 0.298,  Erste Group Bank AG, Q3, 0.32,  Fiat SpA, Q3, 0.02,  Imerys SA, Q3, 0,  Jyske Bank A/S, Q3, 4.866,  Kerry Group PLC, Q3, 0,  Mapfre SA, Q3, 0,  Orkla ASA, Q3, 0.585,  Outotec OYJ, Q3, 0.174,  Pohjola Bank PLC, Q3, 0.275,  Sanofi, Q3, 1.438,  Schibsted ASA, Q3, 1.625,  Sika AG, Q3, 0,  Snam SpA, Q3, 0,  Statoil ASA, Q3, 3.653,  Storebrand ASA, Q3, 0.96,  Volkswagen AG, Q3, 3.91,  YIT OYJ, Q3, 0.239 European Market Summary Rabobank agrees to pay $1bn to US and British authorities for rigging Libor and other benchmark rates for a number of years, the bank’s chairman also announced he was stepping down Germany sells €4bn in bonds at 11:30, Italy sells up to €6bn in bonds at 12:00 Global Market Footprint Major US Stock Movers After Hours Buffalo Wild gained 10% as it reported Q3 revenues of $315m from $312m and lifts its full year targets Dreamworks Animation gained 8% as it reported a Q3 EPS of 12c well ahead of the estimates of around 0c seen, buoyed by strong revenues on its library of films Amarin fell 17% as the FDA announces that it rescinds the anchor study on a previous approval announcement stating that substantial scientific issues had been found S&P 500 Companies Reporting AGL Resources Inc, Q3, 0.145,  Allstate Corp/The, Q3, 1.408,  American Tower Corp, Q3, 0.91,  Automatic Data Processing Inc, Q1, 0.658,  BorgWarner Inc, Q3, 1.339,  Comcast Corp, Q3, 0.609,  Computer Sciences Corp, Q2, 0.848,  Corning Inc, Q3, 0.32,  Equity Residential, Q3, 0.724,  Exelon Corp, Q3, 0.665,  Expedia Inc, Q3, 1.349,  Garmin Ltd, Q3, 0.596,  General Motors Co, Q3, 0.933,  Hess Corp, Q3, 1.437,  JDS Uniphase Corp, Q1, 0.116,  Kraft Foods Group Inc, Q3, 0.696,  Lincoln National Corp, Q3, 1.222,  Marriott International Inc/DE, Q3, 0.448,  MetLife Inc, Q3, 1.36,  Microchip Technology Inc, Q2, 0.597,  Murphy Oil Corp, Q3, 1.468,  Owens-Illinois Inc, Q3, 0.768,  PerkinElmer Inc, Q3, 0.482,  PG&E Corp, Q3, 0.792,  Phillips 66, Q3, 0.934,  Praxair Inc, Q3, 1.514,  Public Service Enterprise Group Inc, Q3, 0.758,  Sealed Air Corp, Q3, 0.334,  Southern Co/The, Q3, 1.117,  Starbucks Corp, Q4, 0.595,  TE Connectivity Ltd, Q4, 0.892,  Visa Inc, Q4, 1.853,  Williams Cos Inc/The, Q3, 0.141,  Wisconsin Energy Corp, Q3, 0.587,  XL Group PLC, Q3, 0.537 US Market News CBS Corp is reportedly looking to launch a 24 hours news channel to be streamed live online, and would primarily include output from its existing television channels The WSJ reports that Blackberry executives met with Facebook in recent days to measure their level of interest in buying the struggling smartphone maker BlackRock CEO Laurence Fink states that the Fed is contributing to bubble like markets stating that it was imperative that the Fed starts to taper Today's Bloomberg Social Velocity Alerts, (BSV) Baidu Inc (BIDU) InvenSense Inc (INVN) Sears Holdings Corp (SHLD) Overnight Market News Toshiba has lifted its full year sales targets after a gain in memory chip prices China Construction Bank is reportedly close to securing a deal to buy Brazil’s Banco Industrial & Comercial SA Economic Data Due 10:00 Eurozone October Consumer Confidence, -14.5 exp. -14.5 previous 12:30 US September CPI m/m, 0.2% exp. 0.1% previous 18:00 US October FOMC Rate Decision, 0.25% previous Economic Events None Detailed US CPI Contact Us 0044 (0) 207 894 8883 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. This note is not “investment research”, a “research recommendation” or a product of the Research Department. Please be aware that the CFE Research Department may issue a formal recommendation and target price on the stocks mentioned, which may differ from the opinion given here.  This note may contain information obtained by CFE from third parties; the source of information will usually be disclosed.  CFE makes no representation and gives no warranty as to the accuracy or completeness of the contents of this note. Any person placing reliance upon this note does so at their own risk. Investors should consider this note as only a single factor in making their investment decision. The investment discussed in this note may be unsuitable for investors depending on their specific investment objectives and financial position. CFE, its officers, employees and affiliates shall not be liable to any person in any way whatsoever for any losses, costs or claims howsoever arising from any inaccuracies or omissions in this note or any reliance on this note. The recipient is strongly recommended to see independent legal, tax and financial advice. Past performance is not necessarily a guide to future performance. Income from investments may fluctuate. The price or value of the investments to which this note relates; either directly or indirectly, may fall or rise against the interest of investors. This note should not be considered to be a solicitation nor an offer of advice for the purposes of the sale or purchase of any security, investment or derivative.  The information contained in this note is not intended to form the basis of any investment decision and should not be considered a recommendation by CFE or any other person in relation to any of the companies, stock, commodities, currencies or other markets mentioned / referred to in this note. All the information contained herein is based upon information available to the public and has been obtained from sources believed to be reliable. However, the information contained in this note has not been verified by CFE and CFE undertakes no obligation to provide recipients of this note with any additional information or any update to or correction of the information contained in this note. This note is provided by CFE and may be forwarded unamended and in its entirety. This note may not be used in whole or in part to create any other work. All rights reserved. FTSE International Limited (“FTSE”) © FTSE [2013]. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent. CFE is authorised and regulated by the FCA under Firm Reference Number 149380.   CFE – The Financial Services Register Information: http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=61341 Registered in England No. 02505767 Registered Address: One Churchill Place, Canary Wharf, London, E14 5RB Risk Warning Trading CFDs carries a high level of risk to your capital and is not suitable for all customers. Furthermore, margined products use leverage to increase the level of exposure to the product, and as a result your losses may substantially exceed your initial deposit and require you to make additional deposits at short notice. Prior to trading leveraged CFDs, you should carefully consider your investment objectives, experience and risk appetite and should not invest money that you cannot afford to lose. Spread Bets are leveraged products placing your capital at risk. Losses can quickly exceed your initial deposit and thus require you to make additional deposits at short notice to maintain your positions. Leveraged products are not suitable for all customers. Please ensure you understand the risks involved before opening an account. You should ensure you fully understand the risks and seek independent financial advice if in doubt. CFE provides an execution only service and does not offer investment advice. These products are not intended for people under the age of 18 or for US residents. The distribution of this note in other jurisdictions may be restricted by law and persons into whose possession this note comes should inform themselves about and observe any such restrictions. By accepting this note you agree to be bound by the foregoing instructions.

Click for more »

Day Ahead, October 29th

Tuesday, October 29, 2013, Marketing Communication Opening Call The FTSE is called to open around unchanged on the open today UK Corporate Announcements Lloyds Banking announces a Q3 underlying profit of £1.52bn, just ahead of the forecasts, and maintains its guidance on costs and states its capital position is unchanged Standard Chartered states that its costs have remained well controlled, with revenues and operating profit in Q3 gaining at a ‘low single digit rate” BP reports a Q3 adjusted pre-tax profit of $3.7bn against forecasts of $3.36bn seen and details it plans to sell a further $10bn in assets before the end of 2015 Wolfson announces Q3 revenues fell 17% to $43.9m and states that Q4 will be hit by some customer product cancellations and has taken costs reduction action to improve its profitability Snacktime states that trading has been broadly in line with the expectations Stagecoach states that overall trading has been good and sees no significant changes to its adjusted earnings guide UK News The UK Chancellor is expected to detail today the plans for an Islamic Bond, the first outside the Islamic world, as he attempts support the growing sector in the City of London The CBI details that retailers showed a ‘sharp slowdown’ in sales this month suggesting the breadth of the recent economic uptick is not as strong as some have hoped A poll of FTSE chairman has 49% stating that the High Speed 2 railway should not be built, from 33% who support it UK Analyst Changes Bovis Homes Raised To Buy Vs Hold At Liberum Itv Cut To Sell Vs Hold At Berenberg Redrow Raised To Buy Vs Hold At Liberum UK Insider Buying None Detailed UK Insider Selling Utilitywise Plc, (UTW), 1 insider(s) sold 2712500 shares, £1.9 FTSE 100 Movers UK IPO's Issuer Name Pricing Date Applied Graphene Materials 12/31/2014 Everyman Media Group Plc 11/07/2013 Infinis Energy Ltd 11/30/2013 Merlin Entertainments plc Oxford Immunotec Global PLC Rightster Group plc 11/30/2013 Universal Movers Corp Major European Companies Reporting Alfa Laval AB, Q3, 1.809,  BP PLC, Q3, 0.17,  Deutsche Bank AG, Q3, 0.624,  Deutsche Boerse AG, Q3, 0.83,  DSV A/S, Q3, 2.76,  Endesa SA, Q3, 0,  Linde AG, Q3, 2.02,  Lloyds Banking Group PLC, Q3, 0.014,  Luxottica Group SpA, Q3, 0.313,  MAN SE, Q3, 0.817,  Nokia OYJ, Q3, -0.011,  QIAGEN NV, Q3, 0.258,  Swedish Match AB, Q3, 3.35,  Sydbank A/S, Q3, 2.348,  UBS AG, Q3, 0.23,  Viscofan SA, Q3, 0.64 European Market Summary The EU’s Rehn states that it was clearly premature to state that the European crisis was over Vivendi has bought out Largardere out of Canal Plus France for $1.4bn Swiss authorities have now launched a criminal probe into the Bernie Ecclestone bribery case Global Market Footprint Major US Stock Movers After Hours Apple announces gross margins under the expectations citing higher costs to bring iPad and iPhones to the market ready for the key holiday period, and also forecasts the slowest sales growth in the current quarter since 2008 Michael Kors Holdings gained 3% as the S&P announces it will replace NYSE Euronext in its bluechip S&P 500 S&P 500 Companies Reporting Actavis plc, Q3, 2.084,  Aetna Inc, Q3, 1.531,  Aflac Inc, Q3, 1.476,  Air Products & Chemicals Inc, Q4, 1.466,  Allergan Inc/United States, Q3, 1.205,  Ameriprise Financial Inc, Q3, 1.726,  AMETEK Inc, Q3, 0.52,  Archer-Daniels-Midland Co, Q3, 0.481,  Boston Properties Inc, Q3, 1.282,  CBRE Group Inc, Q3, 0.342,  Cummins Inc, Q3, 2.11,  DENTSPLY International Inc, Q3, 0.554,  Ecolab Inc, Q3, 1.034,  Edison International, Q3, 1.253,  Electronic Arts Inc, Q2, 0.122,  Entergy Corp, Q3, 2.353,  Fidelity National Information Services Inc, Q3, 0.707,  Fiserv Inc, Q3, 1.516,  Genworth Financial Inc, Q3, 0.258,  Gilead Sciences Inc, Q3, 0.48,  Goodyear Tire & Rubber Co/The, Q3, 0.666,  Harris Corp, Q1, 1.13,  HCP Inc, Q3, 0.762,  Johnson Controls Inc, Q4, 0.946,  Kimco Realty Corp, Q3, 0.329,  L-3 Communications Holdings Inc, Q3, 1.951,  LyondellBasell Industries NV, Q3, 1.593,  MeadWestvaco Corp, Q3, 0.498,  Occidental Petroleum Corp, Q3, 1.899,  PACCAR Inc, Q3, 0.853,  Pfizer Inc, Q3, 0.558,  Pitney Bowes Inc, Q3, 0.405,  Range Resources Corp, Q3, 0.3,  United States Steel Corp, Q3, -0.426,  Valero Energy Corp, Q3, 0.43,  Vertex Pharmaceuticals Inc, Q3, -0.352,  Waste Management Inc, Q3, 0.62,  Western Union Co/The, Q3, 0.356,  Xylem Inc/NY, Q3, 0.355 US Market News Twitter continues its low key presentations to a handful of money managers at invitation only events across the US, as it seeks $1.4bn in an IPO Both Microsoft and Google announce they are developing systems to help bypass internet cookie technology Today's Bloomberg Social Velocity Alerts, (BSV) Bank of America Corp (BAC) Bristol-Myers Squibb Co (BMY) Merck & Co Inc (MRK) Overnight Market News Australia’s central bank governor states that the currency is not supported by costs and productivity in the economy and that the terms of trade are more likely to fall than rise, and that it is quite likely that at some point in the future the Australian dollar will be materially lower than it is today The China based Securities Times writes that Beijing may allow foreign companies registered in a Shanghai Free Trade Zone to trade Chinese stocks and futures India has lifted its interest rates for a second month in a row, up to 7.75% as it deals with inflation Economic Data Due 09:30 UK September Mortgage Approvals, 64k exp. 62.2k previous 12:30 US September PPI m/m, 0.2% exp. 0.3% previous 12:30 US September Retail Sales, 0.1% exp. 0.2% previous 14:00 US October Consumer Confidence, 75.9 exp. 79.7 previous Economic Events FOMC Meeting Starts US PPI Contact Us 0044 (0) 207 894 8883 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. This note is not “investment research”, a “research recommendation” or a product of the Research Department. Please be aware that the CFE Research Department may issue a formal recommendation and target price on the stocks mentioned, which may differ from the opinion given here.  This note may contain information obtained by CFE from third parties; the source of information will usually be disclosed.  CFE makes no representation and gives no warranty as to the accuracy or completeness of the contents of this note. Any person placing reliance upon this note does so at their own risk. Investors should consider this note as only a single factor in making their investment decision. The investment discussed in this note may be unsuitable for investors depending on their specific investment objectives and financial position. CFE, its officers, employees and affiliates shall not be liable to any person in any way whatsoever for any losses, costs or claims howsoever arising from any inaccuracies or omissions in this note or any reliance on this note. The recipient is strongly recommended to see independent legal, tax and financial advice. Past performance is not necessarily a guide to future performance. Income from investments may fluctuate. The price or value of the investments to which this note relates; either directly or indirectly, may fall or rise against the interest of investors. This note should not be considered to be a solicitation nor an offer of advice for the purposes of the sale or purchase of any security, investment or derivative.  The information contained in this note is not intended to form the basis of any investment decision and should not be considered a recommendation by CFE or any other person in relation to any of the companies, stock, commodities, currencies or other markets mentioned / referred to in this note. All the information contained herein is based upon information available to the public and has been obtained from sources believed to be reliable. However, the information contained in this note has not been verified by CFE and CFE undertakes no obligation to provide recipients of this note with any additional information or any update to or correction of the information contained in this note. This note is provided by CFE and may be forwarded unamended and in its entirety. This note may not be used in whole or in part to create any other work. All rights reserved. FTSE International Limited (“FTSE”) © FTSE [2013]. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent. CFE is authorised and regulated by the FCA under Firm Reference Number 149380.   CFE – The Financial Services Register Information: http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=61341 Registered in England No. 02505767 Registered Address: 17 Crosswall, London, EC3N 2LB Risk Warning Trading CFDs carries a high level of risk to your capital and is not suitable for all customers. Furthermore, margined products use leverage to increase the level of exposure to the product, and as a result your losses may substantially exceed your initial deposit and require you to make additional deposits at short notice. Prior to trading leveraged CFDs, you should carefully consider your investment objectives, experience and risk appetite and should not invest money that you cannot afford to lose. Spread Bets are leveraged products placing your capital at risk. Losses can quickly exceed your initial deposit and thus require you to make additional deposits at short notice to maintain your positions. Leveraged products are not suitable for all customers. Please ensure you understand the risks involved before opening an account. You should ensure you fully understand the risks and seek independent financial advice if in doubt. CFE provides an execution only service and does not offer investment advice. These products are not intended for people under the age of 18 or for US residents. The distribution of this note in other jurisdictions may be restricted by law and persons into whose possession this note comes should inform themselves about and observe any such restrictions. By accepting this note you agree to be bound by the foregoing instructions.

Click for more »