Week Ahead, November 29th

Friday November 29, 2013, Marketing Communication Monday December 2, 2013 UK Reporting: Bp Plc, BP, (Oth), Coca-Cola Hbc Ag-Cdi, CCH, (SM), Innovation Group Plc, TIG, (SM), Innovation Group Plc, TIG, (R), Manchester & London Inv Tr, MNL, (SM), Primary Health Properties, PHP, (SM) S&P 500 Reporting: None Detailed Euro Stoxx 600 Reporting: ThyssenKrupp AG, R, -0.343 Economic Data: 09:00 Eurozone November PMI Manufacturing, 51.5 exp. 51.5 previous 15:00 US November Manufacturing ISM, 55.0 exp. 56.4 previous Economic Events: None Detailed Tuesday December 3, 2013 UK Reporting: Aberdeen Asian Smaller Cos-O, AAS, (SM), Astrazeneca Plc, AZN, (Pr), Betfair Group Plc, BET, (R), Betfair Group Plc, BET, e, (CC), Greene King Plc, GNK, (R), Ite Group Plc, ITE, e, (CC), Ite Group Plc, ITE, (R), Micro Focus International, MCRO, (R), New World Resources Plc-A Sh, NWR, (SM), Northgate Plc, NTG, (R), Petrofac Ltd, PFC, (Pr), Travis Perkins Plc, TPK, (SM) S&P 500 Reporting: None Detailed Euro Stoxx 600 Reporting: Greene King PLC, S1, 0.315 Economic Data: 09:30 UK November PMI Construction, 59.0 exp. 59.4 previous Economic Events: NATO Foreign Ministers Meet in Brussels Wednesday December 4, 2013 UK Reporting: Blackrock Greater Europe Inv, BRGE, (SM), Brewin Dolphin Holdings Plc, BRW, (R), Bumi Plc, BUMI, (SM), Consort Medical Plc, CSRT, e, (CC), Consort Medical Plc, CSRT, (R), Graphite Enterprise Trust, GPE, (R), Intl Consolidated Airline-Di, IAG, (R), Rpc Group Plc, RPC, (Pr), Sage Group Plc/The, SGE, e, (CC), Sage Group Plc/The, SGE, (R), Schroder Oriental Income, SOI, (SM), Standard Chartered Plc, STAN, (R), Standard Chartered Plc, STAN, (R), Tesco Plc, TSCO, (R), Tesco Plc, TSCO, (R) FTSE 100 Dividends: Aberdeen Asset Management PLC, ADN, (10),  Associated British Foods PLC, ABF, (22.65),  Land Securities Group PLC, LAND, (7.60g),  London Stock Exchange Group PLC, LSE, (10.10),  National Grid PLC, NG/, (14.49),  SABMiller PLC, SAB, ($0.25),  Severn Trent PLC, SVT, (32.16) FTSE 100 Estimated Dividend Impact: 5 Points FTSE 250 Dividends: Alliance Trust PLC, ATST, (2.387),  British Empire Securities and General Trust PLC, BTEM, (2.50),  British Empire Securities and General Trust PLC, BTEM, (8.50),  Britvic PLC, BVIC, (13),  Cranswick PLC, CWK, (10),  De La Rue PLC, DLAR, (14.10),  Debenhams PLC, DEB, (2.40),  Electrocomponents PLC, ECM, (5),  F&C Commercial Property Trust Ltd, FCPT, (0.50g),  Greencore Group PLC, GNC, (2.90g),  Homeserve PLC, HSV, (3.63),  Intermediate Capital Group PLC, ICP, (6.60),  Investec PLC, INVR, (7.5206),  Londonmetric Property PLC, LMP, (3.50g),  N Brown Group PLC, BWNG, (5.67),  PayPoint PLC, PAY, (11.40),  Perpetual Income and Growth Investment Trust PLC, PLI, (2.70),  Personal Assets Trust PLC/Fund, PNL, (140),  TR Property Investment Trust PLC - Ordinary Shares, TRY, (2.85),  Worldwide Healthcare Trust PLC, WWH, (7),  WS Atkins PLC, ATK, (10.50) FTSE Small Share: F&C Capital & Income Investment Trust PLC/Fund, FCI, (3),  F&C UK Real Estate Investment Ltd, FCRE, (1.25),  Fuller Smith & Turner, FSTA, (5.80),  Headlam Group PLC, HEAD, (4.65),  Helical Bar PLC, HLCL, (2),  Henderson Diversified Income Ltd, HDIV, (1.30g),  Henderson Global Trust PLC/Fund, HGL, (2.50),  Hogg Robinson Group PLC, HRG, (0.63),  Invesco Income Growth Trust PLC, IVI, (2.05),  JD Sports Fashion PLC, JD/, (4.45),  Management Consulting Group PLC, MMC, (0.23),  Norcros PLC, NXR, (.17),  Phoenix IT Group Ltd, PNX, (1.60),  Shanks Group PLC, SKS, (1.10),  Tarsus Group PLC, TRS, (2.30),  Town Centre Securities PLC, TCSC, (7.34),  UK Mail Group PLC, UKM, (7.10),  Value and Income Trust PLC, VIN, (4.10),  Vp PLC, VP/, (3.60) S&P 500 Reporting: Brown Forman, Q2, 0.908 Euro Stoxx 600 Reporting: Elekta AB, Q2, 0.708,  Sage Group PLC/The, R, 0.219 Economic Data: 09:00 Eurozone November PMI Services, 50.9 exp. 50.9 previous 10:00 Eurozone Q3 GDP 0.1% exp. 0.1% previous 13:30 US October Trade Balance, -$40.2bn exp. -$41.8bn previous 15:00 US October New Home Sales, 430k exp. 19:00 US Federal Reserve Beige Book Economic Events: None Detailed Thursday December 5, 2013 UK Reporting: Barr (A.G.) Plc, BAG, (SM), Barr (A.G.) Plc, BAG, (R), Arm Holdings Plc, ARM, (Pr), DS Smith Plc, SMDS, (R), Easyjet Plc, EZJ, (R) S&P 500 Reporting: Dollar General, Q3, 0.701, Kroger, Q3, 0.533 Euro Stoxx 600 Reporting: DS Smith PLC, S1, 0 Economic Data: 12:00 UK Bank of England Rate Announcement, 0.5% exp. 0.5% previous 12:45 ECB Announces Interest Rate Announcement, 0.25% exp. 0.25% previous 13:30 US GDP Q3 3.1% exp. 2.8% previous 15:00 US October Factory Orders, -1.0% exp. 1.7% previous Economic Events: 13:30 Eurozone Press Conference UK Chancellor Autumn Statement Friday December 6, 2013 UK Reporting: Associated British Foods Plc, ABF, (SM), Berkeley Group Holdings, BKG, (R), Sthree Plc, STHR, (R), Sthree Plc, STHR, (R), Telecom Plus Plc, TEP, (SM) S&P 500 Reporting: None Detailed Euro Stoxx 600 Reporting: Berkeley Group Holdings PLC, S1, 0.829 Economic Data: 13:30 US November Change in Non Farm Payrolls, 183k exp. 204k previous 13:30 US November Unemployment Rate, 7.3% exp. 13:30 US October Personal Income, 0.3% exp. 0.5% previous 14:55 US Uni of Michigan Confidence, 75.1 previous Economic Events: Fed's Evans speaks in Chicago Contact Us +44 20 7894 8883 sales@cantorcapital.com Footnotes Times given are UK Local Time, (GMT or GMT +1 during BST) Dividends:- net prices are given as default, however where applicable gross dividends are detailed (g) UK Results Key:- est, UK earnings estimates when available, (CC) Conference Call, (Pr) Press Event, News Conference, (R) Results, Interims/Finals, (SM) Shareholder Meeting,  (Oth) Other Event 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: 1 Churchill Place, 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.

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Day Ahead, November 29th

Friday, November 29, 2013, Marketing Communication Opening Call The FTSE is called to open around unchanged this morning UK Corporate Announcements JD Sports states that it sees its full year at least in line with the expectations Infinis Energy announces H1 revenues gained 10.5% to £107.1, and remains on track to meet its full year targets Acal reports a pre-tax profit of £3.3m on revenues of £113m UK News The CEO of Speedy Hire has resigned over £5m of accounting irregularities in its Dubai division and its Finance Director has been suspended The Nationwide has UK house prices up 0.6% in November, mid range of the estimates to stand up 6.5% year on year The FT suggests that Apollo is close to buying Aviva’s UK property assets Argentina has threatened 15 year jail terms and fines of more than $1.5bn for oil & gas explorers in the Falkland Islands The Independent writes on how the issues of household debt have become such an epidemic that the government should create a campaign as large as the AIDS awareness campaign in the 1980s The Bank of England move to reduce the Funding for lending scheme is the first act of tapering by the central bank as the forecasts of the first interest rate hike continues to be brought forward BT Sport announces that it has secured exclusive rights to show NBA games in the UK, ahead of interest from Sky UK Analyst Changes Bskyb Raised To Outperform Vs Neutral At Macquarie Euromoney Raised To Buy Vs Neutral At Ubs Experian Cut To Sell Vs Neutral At Goldman Rentokil Raised To Buy Vs Neutral At Bofaml Serco Raised To Buy Vs Neutral At Bofaml UK Insider Buying Rangers International F, (RFC), 1 insider(s) bought 100000 shares, £0.44 W.H. Ireland Group Plc, (WHI), 1 insider(s) bought 60000 shares, £0.79 UK Insider Selling None Detailed FTSE 100 Movers UK IPO's Issuer Name Pricing Date 12/02/2013 SyQic plc 12/11/2013 SafeStyle UK Ltd Major European Companies Reporting None Detailed European Market Summary The S&P has cut its rating on the Netherlands to AA+ from AAA with a stable outlook, moves Spain’s outlook to stable from negative and affirms its BBB- rating and lifts Cyprus from B- to CCC+ Merkel states that a trade accord between the EU and Ukraine will not be signed at a summit that started yesterday after stating that ‘unfortunately not all expectations have been fulfilled’ but does state that the EU remains ready to accept Ukraine as an associate member Global Market Footprint Major US Stock Movers After Hours There were no major movers after hours yesterday S&P 500 Companies Reporting None Scheduled US Market News The US markets open for a half day today, with retailers across the nation waiting for a surge in traffic, with an estimated 140m Americans due to go shopping this weekend Australia has blocked the planned takeover of Graincorp by Archer Daniels Midland stating that the AUS$ 12.20/share bid was not in the national interest, Graincorp dropped 22% on the news, ADM holds a 19.9% stake in the group and is seen waiting for a change in the political climate before it makes a renewed move Today's Bloomberg Social Velocity Alerts, (BSV) Gladstone Investment Corp (GAIN) Archer-Daniels-Midland Co (ADM) Overnight Market News Asia’s richest man Li Ka-Shing has responded to talk and states the he was not ‘cashing out’ of Hong Kong and that the city’s core strengths must be defended Tensions stay high between Japan and China as the international community continues to refuse to accept the air zone announced by China over the disputed islands Economic Data Due 09:30 UK October Mortgage Approvals, 67k exp. 66.7k previous 10:00 Eurozone October Unemployment Rate, 12.2% exp. 12.2% previous Economic Events None Detailed 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.

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Day Ahead, November 26th

Tuesday, November 26, 2013, Marketing Communication Opening Call The FTSE 100 is called to open around unchanged today UK Corporate Announcement Highlights De La Rue announces an H1 operating profit of £39.1m on revenues fell 5% to £234m with banknote printing down 10% to £2.6bn Paragon announces an underlying pre-tax profit of £104.1m from £94.2m and states that landlords are more optimistic about private rentals and details that its Finance Director is to retire Kcom Group details an H1 pre-tax profit of £25.8m from £26.2m on revenues of £185m from £188m and states that its chairman is to become CEO from April 1 2014 and confirms its full year targets Scapa states that it sees its full year in line with the expectations Mitchells & Butlers announces a full year adjusted pre-tax profit of £150m from £83m on revenues of £1.9bn largely in line and states that it remains cautious about the economic recovery Britvic states that current trading is slightly ahead of last year, on revenues of £1.32bn up 4.4% and sees its full year EBIT between £148-156m Severn Trent reports an H1 adjusted pre-tax profit of £141.3m from £150m on revenues of £922m from £917m and states it remains on track to meet its full year targets UK Corporate Announcements Due Astrazeneca Plc, AZN, (Pr), Britvic Plc, BVIC, e, (CC), Britvic Plc, BVIC, 0.336 est, (R), Daejan Holdings Plc, DJAN, (R), De La Rue Plc, DLAR, e, (CC), De La Rue Plc, DLAR, 0.246 est, (R), Greencore Group Plc, GNC, 0.14 est, (R), Greencore Group Plc, GNC, e, (CC), Hikma Pharmaceuticals Plc, HIK, (Pr), Jpmorgan Smaller Cosit Plc, JMI, (SM), Kcom Group Plc, KCOM, e, (CC), Kcom Group Plc, KCOM, 0.039 est, (R), Mitchells & Butlers Plc, MAB, 0.336 est, (R), Paragon Group Companies Plc, PAG, 0.257 est, (R), Severfield-Rowen Plc, SFR, (SM), Severfield-Rowen Plc, SFR, e, (CC), Severfield-Rowen Plc, SFR, (R), Severn Trent Plc, SVT, e, (CC), Severn Trent Plc, SVT, 0.448 est, (R), St. Ives Plc, SIV, (SM), Topps Tiles Plc, TPT, e, (CC), Topps Tiles Plc, TPT, 0.05 est, (R), Vp Plc, VP, e, (CC), Vp Plc, VP, (R), Wolseley Plc, WOS, (SM) UK News The Times writes on how the calls for a break up at Lloyds and RBS continues, with some suggesting the two could be split into six banks A new report suggest that UK commuter trains could offer carriages with virtually no seats, in order to increase capacity at peak times and increase competition in the sector UK Analyst Changes Glencore Xstrata Cut To Neutral Vs Buy At Bofaml Intermediate Capital Cut To Neutral Vs Buy At Bofaml Lonmin Raised To Buy Vs Neutral At Bofaml Meggitt Cut to 'Outperform' at RBC Capital Standard Chartered Raised To Outperform Vs Neutral: Macquarie UK Insider Buying Alent Plc, (ALNT), 2 insider(s) bought 21000 shares, £3.25 Ddd Group Plc, (DDD), 1 insider(s) bought 100000 shares, £0.07 Kofax Plc, (KFX), 1 insider(s) bought 10000 shares, £3.83 Oxford Biomedica Plc, (OXB), 1 insider(s) bought 208000 shares, £0.02 Rurelec Plc, (RUR), 1 insider(s) bought 400000 shares, £0.13 Terra Capital Plc, (TCA), 1 insider(s) bought 180000 shares, £0.49 UK Insider Selling Craneware Plc, (CRW), 1 insider(s) sold 470588 shares, £4.5 Legal & General Group P, (LGEN), 1 insider(s) sold 121000 shares, £2.13 FTSE 100 Movers UK IPO's Issuer Name Pricing Date 11/28/2013 Eclectic Bar Group Plc 12/02/2013 SyQic plc Major European Companies Reporting Britvic PLC, R, 0.336,  Colruyt SA, S1, 0,  De La Rue PLC, S1, 0.246,  Remy Cointreau SA, S1, 1.568,  Severn Trent PLC, S1, 0.448 European Market Summary Bayer is in early stage talks to buy Algeta for Nok336/share, the pharmaceutical closed yesterday at Nok264 Remy Cointreau states that full year operating profit if to show a substantial drop after a less favourable business environment in H2 The Swiss National Bank’s Jordan states that he sees no reason to remove the ceiling on the Swiss Franc Peugeot announces that former COO at Renault Carlos Tavares is to replace its current CEO in 2014, he will be the third CEO at the automaker in the past seven years The EU has warned the US that the safe harbour pact that allows companies such as Google and Microsoft to operate in Europe without EU oversight could be threatened unless the US amends the way it treats EU citizen’s data Fiat has stated that it is no longer practicable for Chrysler to launch and complete an IPO before the end of 2013, it is now expected in Q1, 2014 The WHO states that a recent increase in the number of HIV infections in Greece could be intentional as sufferers receive an extra €700/month under current Greek law and suggest that as many as half of the new cases could be self inflicted Global Market Footprint Major US Stock Movers After Hours Perfect World the online game manufacturer gained 10% after hours as it reported Higher Q3 revenues of $136m S&P 500 Companies Reporting Analog Devices Inc, Q4, 0.582,  Hewlett-Packard Co, Q4, 0.999,  Hormel Foods Corp, Q4, 0.542,  Pall Corp, Q1, 0.68,  Tiffany & Co, Q3, 0.58 US Market News Blackstone details that it now plans an IPO of its La Quinta unit ahead of a possible sale Blackberry announced a raft of high level changes yesterday, with its CFO, COO and head of marketing all leaving David Einhorn’s Greenlight Capital has invested $402m in Micron Technology, the largest US based maker of memory chips Wal-Mart announced yesterday that its CEO will retire early next year Qualcomm announces that Chinese anti-trust authorities have started an investigation into its local operations After fresh highs post by the Dow and S&P 500 in recent weeks the Nasdaq moved above 4,000 for the first time in over 13 years intraday yesterday Today's Bloomberg Social Velocity Alerts, (BSV) Ariad Pharmaceuticals Inc (ARIA) Copart Inc (CPRT) Forestar Group Inc (FOR) Nuance Communications Inc (NUAN) Rio Tinto PLC (RIO) Simon Property Group Inc (SPG) Simon Property Group Inc (SPG) Workday Inc (WDAY) Overnight Market News Draft rules from the China Banking Regulatory Commission have been drawn up to attempt to stop banks from evading lending limits by structuring loans to other institutions but that are recorded as asset sales Economic Data Due 13:30 US October Housing Starts, 923k exp. 15:00 US November Consumer Confidence, 72.1 exp. 71.2 previous Economic Events Carney at UK Treasury Committee US Consumer Confidence 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 Dividends:- net prices are given as default, however where applicable gross dividends are detailed (g) UK Corporate Announcements Key:- est, UK earnings estimates when available, (CC) Conference Call, (Pr) Press Event, News Conference, (R) Results, Interims/Finals, (SM) Shareholder Meeting,  (Oth) Other Event 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.

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