Day Ahead

Friday, October 18, 2013, Marketing Communication Opening Call The FTSE 100 is called up around 40 points higher this morning UK Corporate Announcements Provident Financial states that its funding position remains robust and the overall it has traded in line with its plans Spectris announces that total trading conditions are mixed, and sees 2013 EBITA at the lower end of the current market expectations UK News Paul Tucker states that the Bank of England needs to keep a sharper eye on the shadow banking sector stating it would be a disaster if the banking crisis was recreated outside the main banking sector The Telegraph writes on following David Cameron’s recent statement that energy firms such as British Gas were charging too much, a group of MP’s have called on the prime minister to scrap VAT on energy bills, as the inflation seen over the past seven year has given the government an additional £1bn in revenues Bloomberg instant messages between Barclays, Citigroup and RBS employees continue to be examined as part of the Libor allegations Dr Martens is reportedly in talks to sell itself to Permira The UK sells £1bn in bills at 11:10 UK Analyst Changes Computacenter Cut To Neutral Vs Buy At Ubs De La Rue Raised To Add Vs Hold At Numis Pearson Raised To Hold Vs Reduce At Kepler Cheuvreux Rotork Raised To Hold Vs Sell At Berenberg Segro Resumed Overweight At Morgan Stanley, Pt 345P Telecity Raised To Buy Vs Neutral At Ubs United Utilities Raised To Neutral At Credit Suisse William Hill Cut To Underweight Vs Overweight At Jpmorgan UK Insider Buying None Detailed UK Insider Selling None Detailed FTSE 100 Movers Major European Companies Reporting ASvenska Cellulosa AB SCA, Q3, 1.912,  Yara International ASA, Q3, 6.19,  Ziggo NV, Q3, 0.37 European Market Summary Italy’s PM Letta states that a trade agreement with the US and EU is the priority when Italy holds the EU’s rotating presidency next year Global Market Footprint Major US Stock Movers After Hours Google gained 7% after hours as it detailed a Q3 EPS of $10.74, ahead of the forecasts of $10.36 seen Zhone Technologies was amongst the leading gainers up 23% in late trading as it reports a return to profit in Q3 and ahead of its most profitable quarter in the year S&P 500 Companies Reporting Baker Hughes Inc, Q3, 0.777,  General Electric Co, Q3, 0.354,  Genuine Parts Co, Q3, 1.199,  Honeywell International Inc, Q3, 1.242,  Ingersoll-Rand PLC, Q3, 1.104,  Interpublic Group of Cos Inc/The, Q3, 0.182,  Kansas City Southern, Q3, 1.114,  Laboratory Corp of America Holdings, Q3, 1.799,  Morgan Stanley, Q3, 0.399,  Parker Hannifin Corp, Q1, 1.467,  Robert Half International Inc, Q3, 0.479,  Schlumberger Ltd, Q3, 1.244,  SunTrust Banks Inc, Q3, 0.678,  Textron Inc, Q3, 0.469 US Market News Despite all the recent press focus on the US fiscal talks the US stock market has stayed strong and yesterday the S&P 500 posted a fresh all time high, as the US corporate reporting season continues SAC Capital Advisors is expected to announce a near $2bn settlement with the SEC, making the largest ever penalty in an insider trading case The UK courts have ordered the WSJ not to divulge the names of individuals in the Libor rate rigging allegations as they remained the focus of an ongoing investigation by the UK SFO The US Public Investors Arbitration Bar Association details that US stockbrokers routinely succeeded in erasing settlements of customer complaints from their regulatory records from 2008, making it more difficult for investors to research the record of money managers Today's Bloomberg Social Velocity Alerts, (BSV) Advanced Micro Devices Inc (AMD) Bristol-Myers Squibb Co (BMY) Bristol-Myers Squibb Co (BMY) Fusion-io Inc (FIO) Google Inc (GOOG) Intuitive Surgical Inc (ISRG) Merck & Co Inc (MRK) Oracle Corp (ORCL) pSivida Corp (PSDV) Overnight Market News China’s economy expanded 7.8% in Q3, from the same period last year, and up from the 7.5% growth seen in Q2 Lenovo was the subject of market talk that it may be considering a move for Blackberry Toyota is recalling 885,000 vehicles to resolve a potential issue that could cause a water leak from an air conditioning unit S&P affirms Japan’s AA- ratings but also maintains its negative outlook Economic Data Due No Major Data Due Economic Events EU Trade Ministers Meet in Luxembourg 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. 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