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). 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