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.