Day Ahead, October 25th

Friday, October 25, 2013, Marketing Communication Opening Call The FTSE is called to open around unchanged today UK Corporate Announcements Elementis announces it sees its full year EPS in line, as sales gained 12% in the current quarter Phoenix Group details £60.7bn AUM end September and states that merger talks continue on Swiss Re but that there remains no certainty that talks will lead to a deal UK News Carney attempts to end the banker bashing culture as he stated yesterday that a well structured banking sector can grow to a large size and suggested that by 2050 UK bank assets could exceed nine times the UK GDP JP Morgan reportedly advised the government that it could sell Royal Mail for £9-10bn G4S stays in focus as it removed its CEO yesterday, as it looks to rebuild its partnership with the UK government UK sells £2bn in Bills at 11:10 UK Analyst Changes Aberdeen Asset Raised To Buy Vs Neutral At Ubs British Land Raised To Buy Vs Neutral At Ubs Shire Raised To Buy Vs Neutral At Bofaml UK Insider Buying None Detailed UK Insider Selling Utilitywise Plc, (UTW), 1 insider(s) sold 2712500 shares, £1.9 FTSE 100 Movers UK IPO 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 Major European Companies Reporting Atlas Copco AB, Q3, 2.595,  Banco Bilbao Vizcaya Argentaria SA, Q3, 0.11,  BASF SE, Q3, 1.286,  Belgacom SA, Q3, 0.467,  CaixaBank, Q3, 0.01,  Electrolux AB, Q3, 3.197,  NCC AB, Q3, 5.853,  Novozymes A/S, Q3, 1.801,  Petroleum Geo-Services ASA, Q3, 0.394,  Solvay SA, Q3, 1.88,  Volvo AB, Q3, 0.953 European Market Summary BBVA announces a Q3 net profit of €195m, well under the forecasts of €614m seen and states that it will not pay a dividend in January The political fallout of alleged US spying on European leaders continues, with some suggesting the outing of the activity could jeopardise trade talks Bloomberg highlights how the world’s oldest bank Banca Monte dei Paschi di Siena is still struggling to survive as it attempts to payback a second bailout Global Market Footprint Major US Stock Movers After Hours Amazon gained 8% in late trading as it announced an EPS loss broadly in line, but with revenues ahead of forecasts and gave an optimistic outlook for the key quarter ahead Zynga gained 12% as it announces a narrower Q3 loss, and also had revenues ahead of the forecasts Microsoft moved 5% higher as it detail a Q2 EPS of 62c against the forecasts of around 54c seen as software demand more than offset slower PC purchases Healthways came off 21% as it announces Q4 EPS and revenues under the expectations and as it cuts its outlook S&P 500 Companies Reporting AbbVie Inc, Q3, 0.777,  Aon PLC, Q3, 1.015,  Avery Dennison Corp, Q3, 0.638,  CMS Energy Corp, Q3, 0.494,  DTE Energy Co, Q3, 1.252,  Dun & Bradstreet Corp/The, Q3, 1.875,  Eaton Corp PLC, Q3, 1.125,  Legg Mason Inc, Q2, 0.618,  Moody's Corp, Q3, 0.818,  National Oilwell Varco Inc, Q3, 1.317,  Newell Rubbermaid Inc, Q3, 0.491,  Procter & Gamble Co/The, Q1, 1.058,  Rockwell Collins Inc, Q4, 1.313,  Sherwin-Williams Co/The, Q3, 2.637,  Simon Property Group Inc, Q3, 2.166,  United Parcel Service Inc, Q3, 1.152,  Ventas Inc, Q3, 1.018,  Weyerhaeuser Co, Q3, 0.214 US Market News Twitter has set its IPO price at $17-20/share as it looks to raise $1.4bn, at the upper end of the indicative range, the leading shareholders, such as co founder Evan Williams are seen keeping their shares, valuing the company at around $11bn NQ Mobile fell 47% yesterday after Muddy Waters called the Chinese based mobile security provider a ‘massive fraud’ Carl Icahn has again publicly called for Apple to buy back shares Bank of America is reportedly looking at cutting a further 3,000 jobs Fortress Investment Group’s Novogratz suggests that Bitcoin may end up as a cheaper method of transferring money in countries with weak banking systems The CEO of Tesla states that its market cap is higher than it deserves, currently it is around half the size of Ford, and third the Size of General Motors but expects to sell just 21,000 cars this year, against 9m at GM, detailing how investor demand for electric cars is currently outpacing the technology Today's Bloomberg Social Velocity Alerts, (BSV) Akamai Technologies Inc (AKAM) Altera Corp (ALTR) Cree Inc (CREE) Juniper Networks Inc (JNPR) Starbucks Corp (SBUX) Overnight Market News Asian markets came off overnight, on a mixture of profit taking following the strong run over the past two weeks, and from the negative tone set by Canon, which has cut its full year outlook Economic Data Due 09:00 Eurozone September M3, 2.4% exp. 2.3% previous 09:30 UK Q3 GDP, 0.7% exp. 0.7% previous 13:30 US September Durable Goods Orders, 1.7% exp. 0.1% previous 14:55 US October Uni. of Michigan Confidence, 75.0 exp. 75.2 previous Economic Events EU Trade Ministers Meet in Luxembourg EU Leaders end two day meeting in Brussels US Durable Goods 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). 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