Day Ahead, October 28th

Monday, October 28, 2013, Marketing Communication Opening Call The FTSE is called to open up around 15 points higher this morning UK Corporate Announcements Aggreko states that trading has been in line with the forecasts as it details Q3 revenues and trading margins slightly ahead Fidessa announces that it faced attrition and price pressure and expects H2 to be similar to H1 Pendragon states that it now sees its full year coming in materially ahead of the forecasts G4S announces that it has rejected an offer from Charterhouse its cash solutions business, calling the timing of the move as highly opportunistic UK News The commute into work for many in the UK today will be affected by the strong winds, cancelling some train services and affecting road systems, while some 40,000 homes in England are without power this morning after strong winds have taken down power lines RBS may as early as this week announce a separation of its ‘bad bank’ UK Analyst Changes Admiral Raised To Add Vs Reduce At Numis Enquest Raised To Buy Vs Hold At Liberum Playtech Raised To Hold Vs Sell At Numis Utilities Raised To Neutral Vs Underweight At Jpmorgan 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 Major European Companies Reporting Assa Abloy AB, Q3, 3.803,  Bankia SA, Q3, 0,  Distribuidora Internacional de Alimentacion SA, Q3, 0.089,  Ferrovial SA, Q3, 0,  Galp Energia SGPS SA, Q3, 0.09,  Mediobanca SpA, Q1, 0.18,  Red Electrica Corp SA, Q3, 1,  Saipem SpA, Q3, 0.255,  TNT Express NV, Q3, 0.06 European Market Summary German press suggests that TUI is looking to exit a tourism project in Tuscany Thyssenkrupp reportedly may sell its US operations and expand its plans in Brazil Bloomberg writes on how cash in Sweden accounts for 2.7% of the economy, against the euro area average of 10%, and how some charities are now even giving the homeless card readers to be able to accept donations Germany sells bills at 11:30 and France at 14:50 Global Market Footprint Major US Stock Movers After Hours No major movers after hours S&P 500 Companies Reporting Apple Inc, Q4, 7.915,  Biogen Idec Inc, Q3, 2.088,  Edwards Lifesciences Corp, Q3, 0.659,  FMC Corp, Q3, 0.836,  Hartford Financial Services Group Inc, Q3, 0.835,  Loews Corp, Q3, 0.77,  Macerich Co/The, Q3, 0.829,  Masco Corp, Q3, 0.249,  Merck & Co Inc, Q3, 0.874,  Plum Creek Timber Co Inc, Q3, 0.417,  Roper Industries Inc, Q3, 1.454,  Seagate Technology PLC, Q1, 1.305 US Market News Bloomberg highlights how US Treasuries have been moving more in line with equities than the previous strong correlation in 2007, normally stocks and bonds have move in opposite directions, while the S&P 500 closed at another fresh all time high yesterday The WSJ suggests that Facebook made an approach to potentially buy Snapchat for $1bn but rebuffed by co founder and CEO Evan Spiegel A study of Bristol Myers planned arthritis drug was found to be around as effective as current treatments Barron’s highlights analysts that are optimistic on Furmanite, Kohl’s and Walgreen, and one with concerns on Suntech Power McDonalds announces that it is to end its 40 year relationship with Heinz, due to the previous CEO of its rival Burger King, moving over to head up the sauce maker The NYSE organised a trial run of the Twitter IPO, due on November 7th as it looks to avoid any major issues on the much anticipated flotation Today's Bloomberg Social Velocity Alerts, (BSV) Bank of America Corp (BAC) Bristol-Myers Squibb Co (BMY) Merck & Co Inc (MRK) Overnight Market News Barclays suggests that Hong Kong property prices could fall 30% by the end of 2015 as supplies are increased and income growth cools A spokesman for the Singapore Exchange states that it wants to attract more high speed traders onto its cash equities exchange as the size of the business remains negligible compared to 30% on its derivatives exchange Toyota announces that over Q3 it out sold General Motors Economic Data Due 13:15 US September Industrial Production, 0.4% exp. 0.4% previous 13:15 US September Capacity Utilisation, 78.0% exp. 77.8% previous Economic Events None Detailed US Industrial Production 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.