Week Ahead, January 31st

Friday January 31, 2014, Marketing Communication Monday February 3, 2014 UK Reporting: Blackrock Frontiers Invest, BRFI, (SM), Darty Plc, DRTY, (SM), International Ferro Metals, IFL, (Pr), Mitie Group Plc, MTO, (R), Randgold Resources Ltd, RRS, (R), Randgold Resources Ltd, RRS, e, (CC), Shanks Group Plc, SKS, (R), Sthree Plc, STHR, e, (CC), Sthree Plc, STHR, (R) S&P 500 Reporting: Anadarko Petroleum Corp, Q4, 0.904,  CareFusion Corp, Q2, 0.54,  Dun & Bradstreet Corp/The, Q4, 2.834,  Edwards Lifesciences Corp, Q4, 0.823,  General Growth Properties Inc, Q4, 0.351,  Hartford Financial Services Group Inc, Q4, 0.895,  Principal Financial Group Inc, Q4, 0.933,  Sysco Corp, Q2, 0.402,  Torchmark Corp, Q4, 1.456,  Yum! Brands Inc, Q4, 0.797 Euro Stoxx 600 Reporting: Banco Comercial Portugues SA, R, -0.028,  Bankia SA, R, 0.049,  Julius Baer Group Ltd, R, 2.239,  Klepierre, R, 2.045,  Randgold Resources Ltd, R, 2.871,  Ryanair Holdings PLC, Q3, -0.05,  Sandvik AB, R, 4.578 Economic Data: 09:00 Eurozone January Manufacturing PMI, 53.9 exp. 53.9 previous 09:30 UK January Manufacturing PMI, 57.1 exp. 57.3 previous 15:00 US January Manufacturing ISM, 56.0 exp. 57.0 previous Economic Events: None Detailed Market Holiday: Chinese New Year Tuesday February 4, 2014 UK Reporting: Arm Holdings Plc, ARM, (R), Arm Holdings Plc, ARM, e, (CC), Bg Group Plc, BG, (R), Bg Group Plc, BG, e, (CC), Bp Plc, BP, (R), Bp Plc, BP, e, (CC), Electrocomponents Plc, ECM, (R), Electrocomponents Plc, ECM, (R), Kofax Ltd, KFX, (R), Kofax Ltd, KFX, e, (CC), Low & Bonar Plc, LWB, (R), National Grid Plc, NG, (Pr), National Grid Plc, NG, (SM), Ocado Group Plc, OCDO, e, (CC), Ocado Group Plc, OCDO, (R), Royal Bank Of Scotland Group, RBS, (Pr), St. Modwen Properties Plc, SMP, (R), Talktalk Telecom Group, TALK, (R), Talktalk Telecom Group, TALK, (R), Udg Healthcare Plc, UDG, (R), Udg Healthcare Plc, UDG, (R), Udg Healthcare Plc, UDG, (SM), Victrex Plc, VCT, (SM), Victrex Plc, VCT, (R) S&P 500 Reporting: Aflac Inc, Q4, 1.386,  AGL Resources Inc, Q4, 0.907,  Ameriprise Financial Inc, Q4, 1.805,  Archer-Daniels-Midland Co, Q4, 0.842,  Becton Dickinson and Co, Q1, 1.292,  Boston Scientific Corp, Q4, 0.127,  Cerner Corp, Q4, 0.389,  CH Robinson Worldwide Inc, Q4, 0.676,  Clorox Co/The, Q2, 0.907,  CME Group Inc/IL, Q4, 0.674,  Delphi Automotive PLC, Q4, 1.042,  Eaton Corp PLC, Q4, 1.064,  Emerson Electric Co, Q1, 0.669,  Equity Residential, Q4, 0.754,  Fidelity National Information Services Inc, Q4, 0.779,  Gannett Co Inc, Q4, 0.65,  Genworth Financial Inc, Q4, 0.304,  Gilead Sciences Inc, Q4, 0.501,  International Paper Co, Q4, 0.859,  Macerich Co/The, Q4, 0.925,  McGraw Hill Financial Inc, Q4, 0.786,  Michael Kors Holdings Ltd, Q3, 0.86,  Ryder System Inc, Q4, 1.291,  Spectra Energy Corp, Q4, 0.377,  Xylem Inc/NY, Q4, 0.52 Euro Stoxx 600 Reporting: ARM Holdings PLC, R, 0.209,  BG Group PLC, R, 1.286,  BP PLC, R, 0.734,  Fortum OYJ, R, 1.23,  Investor AB, R, 38.49,  Kesko OYJ, R, 1.509,  Koninklijke KPN NV, R, 0.11,  Muenchener Rueckversicherungs AG, R, 17.043,  Neste Oil OYJ, R, 1.534,  Ocado Group PLC, R, -0.003,  Orion OYJ, R, 1.378,  TDC A/S, R, 4.06,  UBS AG, R, 1.116,  Unibail-Rodamco SE, R, 10.146,  Vestas Wind Systems A/S, R, -0.166 Economic Data: 09:30 UK January Construction PMI, 61.5 exp. 62.1 previous 15:00 US December Factory Orders, -1.2% exp. 1.8% previous Economic Events: None Detailed Wednesday February 5, 2014 UK Reporting: Arm Holdings Plc, ARM, (SM), Glaxosmithkline Plc, GSK, (R), Glaxosmithkline Plc, GSK, e, (CC), Grainger Plc, GRI, (SM), Hargreaves Lansdown Plc, HL, e, (CC), Hargreaves Lansdown Plc, HL, (R), Homeserve Plc, HSV, (R), Homeserve Plc, HSV, (R), Icap Plc, IAP, (R), Icap Plc, IAP, (R), Imperial Tobacco Group Plc, IMT, (SM), Intl Consolidated Airline-Di, IAG, (R), Wolfson Microelectronics Plc, WLF, e, (CC), Wolfson Microelectronics Plc, WLF, (R) FTSE 100 Dividends: Unilever, ULVR, (22.22) FTSE 100 Estimated Dividend Impact: 1 Point FTSE 250 Dividends: Aberforth Smaller Companies Trust PLC, ASL, (16.15),  Daejan Holdings PLC, DJAN, (35),  Edinburgh Investment Trust PLC/The, EDIN, (5),  Stagecoach Group PLC, SGC, (2.90),  Victrex PLC, VCT, (32.65) FTSE Small Share: City of London Investment Group PLC, CLIG, (8),  Dunedin Income Growth Investment Trust PLC, DIG, (2.575),  Henderson Diversified Income Ltd, HDIV, (1.25g),  Henderson Far East Income Ltd, HFEL, (4.40),  JPMorgan Claverhouse Investment Trust PLC, JCH, (6), Schroder Real Estate Investment Trust Ltd, SREI, (.62),  Standard Life Investment Property Income Trust PLC, SLI, (1.133),  Starwood European Real Estate Finance Ltd, SWEF, (1.10g) S&P 500 Reporting: Akamai Technologies Inc, Q4, 0.515,  Allergan Inc/United States, Q4, 1.338,  Allstate Corp/The, Q4, 1.388,  Assurant Inc, Q4, 1.428,  Automatic Data Processing Inc, Q4, 0.631,  Automatic Data Processing Inc, Q2, 0.77,  CBRE Group Inc, Q4, 0.66,  Cincinnati Financial Corp, Q4, 0.728,  Coca-Cola Enterprises Inc, Q4, 0.521,  Cognizant Technology Solutions Corp, Q4, 1.149,  Estee Lauder Cos Inc/The, Q2, 1.061,  Fiserv Inc, Q4, 0.81,  FMC Corp, Q4, 0.924,  Humana Inc, Q4, 0.943,  Kimco Realty Corp, Q4, 0.332,  Lincoln National Corp, Q4, 1.275,  Marathon Oil Corp, Q4, 0.72,  Merck & Co Inc, Q4, 0.881,  NASDAQ OMX Group Inc/The, Q4, 0.665,  O'Reilly Automotive Inc, Q4, 1.323,  Prudential Financial Inc, Q4, 2.241,  Ralph Lauren Corp, Q3, 2.508,  Stericycle Inc, Q4, 0.963,  Tesoro Corp, Q4, 0.313,  Time Warner Inc, Q4, 1.152,  Walt Disney Co/The, Q1, 0.913,  XL Group PLC, Q4, 0.815 Euro Stoxx 600 Reporting: Alfa Laval AB, R, 7.205,  Algeta ASA, R, 0.342,  Banco Espirito Santo SA, R, -0.103,  Gjensidige Forsikring ASA, R, 8.37,  GlaxoSmithKline PLC, R, 1.128,  Hargreaves Lansdown PLC, S1, 0.175,  Intrum Justitia AB, R, 10.13,  Kabel Deutschland Holding AG, Q3, 0,  Konecranes OYJ, R, 1.318,  Lundin Petroleum AB, R, 0.355,  Marine Harvest ASA, R, 4.269,  Skandinaviska Enskilda Banken AB, R, 6.491,  Stora Enso OYJ, R, 0.329,  Svenska Handelsbanken AB, R, 22.126,  Syngenta AG, R, 19.932,  Vinci SA, R, 3.372 Economic Data: 09:00 Eurozone January PMI Services, 51.9 exp. 51.9 previous 09:30 UK January PMI Services, 59.1 exp. 58.8 previous 10:00 Eurozone December Retail Sales, -0.4% exp. 1.4% previous 15:00 US January Manufacturing ISM, 53.7 exp. 53.0 previous Economic Events: None Detailed Thursday February 6, 2014 UK Reporting: Arm Holdings Plc, ARM, (SM), Astrazeneca Plc, AZN, (R), Astrazeneca Plc, AZN, e, (CC), Avon Rubber Plc, AVON, (SM), Avon Rubber Plc, AVON, (R), Beazley Plc, BEZ, (R), Blackrock New Energy Investm, BRNE, (SM), Compass Group Plc, CPG, (SM), Compass Group Plc, CPG, (R), Darty Plc, DRTY, (R), Darty Plc, DRTY, (R), Dunedin Smaller Companies, DNDL, (SM), Easyjet Plc, EZJ, (R), Enterprise Inns Plc, ETI, (R), Enterprise Inns Plc, ETI, (SM), Enterprise Inns Plc, ETI, (R), Grainger Plc, GRI, (R), Londonmetric Property Plc, LMP, (R), Paragon Group Companies Plc, PAG, (SM), Premier Oil Plc, PMO, (SM), Smith & Nephew Plc, SN, (R), Smith & Nephew Plc, SN, e, (CC), Supergroup Plc, SGP, (R), Tui Travel Plc, TT, e, (CC), Tui Travel Plc, TT, (SM), Tui Travel Plc, TT, (R), Vodafone Group Plc, VOD, (R), Vodafone Group Plc, VOD, (R) S&P 500 Reporting: Aetna Inc, Q4, 1.361,  Alliance Data Systems Corp, Q4, 2.332,  Apartment Investment & Management Co, Q4, 0.564,  Cummins Inc, Q4, 1.98,  Diamond Offshore Drilling Inc, Q4, 0.805,  Exelon Corp, Q4, 0.537,  Expedia Inc, Q4, 0.849,  FMC Technologies Inc, Q4, 0.651,  General Motors Co, Q4, 0.869,  Kellogg Co, Q4, 0.819,  News Corp, Q2, 0.194,  Noble Energy Inc, Q4, 0.633,  Perrigo Co Plc, Q2, 1.595,  Philip Morris International Inc, Q4, 1.368,  PPL Corp, Q4, 0.496,  Republic Services Inc, Q4, 0.464,  Sealed Air Corp, Q4, 0.372,  Sigma-Aldrich Corp, Q4, 1.012,  Snap-on Inc, Q4, 1.55,  Teradata Corp, Q4, 0.846,  Twenty-First Century Fox Inc, Q2, 0.334,  VeriSign Inc, Q4, 0.591,  Vulcan Materials Co, Q4, -0.033,  Wisconsin Energy Corp, Q4, 0.585 Euro Stoxx 600 Reporting: Akzo Nobel NV, R, 2.784,  Alcatel-Lucent, R, -0.311,  AstraZeneca PLC, R, 4.955,  Credit Suisse Group AG, R, 2.209,  Daimler AG, R, 5.227,  Danske Bank A/S, R, 7.66,  Dassault Systemes, R, 3.456,  DNB ASA, R, 9.946,  DSV A/S, R, 9.514,  GEA Group AG, R, 1.878,  HeidelbergCement AG, R, 3.669,  Husqvarna AB, R, 1.855,  Metso OYJ, R, 2.067,  Nutreco NV, R, 2.41,  Orkla ASA, R, 2.194,  Pohjola Bank PLC, R, 1.19,  Sanofi, R, 5.068,  SBM Offshore NV, R, 1.884,  Sky Deutschland AG, R, -0.139,  Smith & Nephew PLC, R, 0.746,  Swisscom AG, R, 31.546,  TGS Nopec Geophysical Co ASA, R, 2.543,  TUI Travel PLC, Q1, 0,  Umicore SA, R, 1.913,  Volvo AB, R, 2.788,  Wereldhave NV, R, 3.223 Economic Data: 12:00 UK MPC Rate Announcement, 0.5% exp. 0.5% previous 12:45 ECB Rate Announcement, 0.25% exp. 0.25% previous 13:30 US December Trade Balance, -$35.9bn exp. -$34.3bn previous Economic Events: 13:30 Draghi Press Conference Friday February 7, 2014 UK Reporting: Aquarius Platinum Ltd, AQP, (R), Arm Holdings Plc, ARM, (SM), Gcp Infrastructure Investmen, GCP, (SM), Great Portland Estates Plc, GPOR, (SM), Melrose Industries Plc, MRO, (SM), Randgold Resources Ltd, RRS, (Oth), Restaurant Group Plc, RTN, (SM), Shaftesbury Plc, SHB, (SM) S&P 500 Reporting: Beam Inc, Q4, 0.72,  Cigna Corp, Q4, 1.485,  FLIR Systems Inc, Q4, 0.386,  Laboratory Corp of America Holdings, Q4, 1.653,  Moody's Corp, Q4, 0.763,  Wyndham Worldwide Corp, Q4, 0.728 Euro Stoxx 600 Reporting: ArcelorMittal, R, -0.462,  Assa Abloy AB, R, 14.932,  Cofinimmo, R, 4.777,  Elisa OYJ, R, 1.286,  EMS-Chemie Holding AG, R, 12.698,  Industrivarden AB, R, 0,  Kemira OYJ, R, 0.7,  Nokian Renkaat OYJ, R, 2.079,  Outotec OYJ, R, 0.63,  Skanska AB, R, 8.445,  Statoil ASA, R, 15.002,  Tele2 AB, R, 3.378 Economic Data: 09:30 UK December Industrial Production, 0.7% exp. 0.0% previous 09:30 UK December Manufacturing Production, 0.6% exp. 0.0% previous 13:30 US January Change in Nonfarm Payrolls, 180k exp. 74k previous 13:30 US January Unemployment Rate, 6.7% exp. 6.7% previous Economic Events: None Detailed 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 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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. 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Week Ahead, January 17th

Friday January 17, 2014, Marketing Communication Monday January 20, 2014 UK Reporting: Astrazeneca Plc, AZN, (Pr), Bp Plc, BP, (Pr), City Of London Investment Gr, CLIG, (R), Glaxosmithkline Plc, GSK, (Pr) S&P 500 Reporting: None Detailed Euro Stoxx 600 Reporting: Wincor Nixdorf AG, Q1, 0.935 Economic Data: 00:01 UK January Rightmove House Prices, -1.9% previous Economic Events: EU Foreign Ministers Meet in Brussels Market Holiday: US - Martin Luther King Day Tuesday January 21, 2014 UK Reporting: African Barrick Gold Plc, ABG, (R), African Barrick Gold Plc, ABG, (R), Cairn Energy Plc, CNE, (R), Carphone Warehouse Group Plc, CPW, (R), Carphone Warehouse Group Plc, CPW, (R), Hochschild Mining Plc, HOC, (R), Hochschild Mining Plc, HOC, (R), Marston'S Plc, MARS, (SM), Polymetal International Plc, POLY, (R), Polymetal International Plc, POLY, (R), Pz Cussons Plc, PZC, (SM), Pz Cussons Plc, PZC, e, (CC), Pz Cussons Plc, PZC, (R), Sabmiller Plc, SAB, (R), Unilever Plc, ULVR, (R), Unilever Plc, ULVR, e, (CC) S&P 500 Reporting: Baker Hughes Inc, Q4, 0.61,  CA Inc, Q3, 0.711,  Delta Air Lines Inc, Q4, 0.626,  Forest Laboratories Inc, Q3, 0.031,  Halliburton Co, Q4, 0.887,  International Business Machines Corp, Q4, 5.984,  Johnson & Johnson, Q4, 1.203,  Regions Financial Corp, Q4, 0.2,  Rockwell Collins Inc, Q1, 0.951,  Texas Instruments Inc, Q4, 0.463,  Travelers Cos Inc/The, Q4, 2.153,  Verizon Communications Inc, Q4, 0.632,  Xilinx Inc, Q3, 0.542 Euro Stoxx 600 Reporting: Novozymes A/S, R, 6.894,  SAP AG, R, 3.339,  SGS SA, R, 85.889,  Unilever NV, R, 1.538,  Unilever PLC, R, 1.538 Economic Data: 10:00 Eurozone January ZEW Survey Expectations, 68.3 previous Economic Events: EU Court ruling on UK fight on short selling rules IMF releases revisions to its World Economic Outlook Wednesday January 22, 2014 UK Reporting: Astrazeneca Plc, AZN, (Pr), Bhp Billiton Plc, BLT, (R), Findel Plc, FDL, (R), Wetherspoon (J.D.) Plc, JDW, (R), Land Securities Group Plc, LAND, (R), Land Securities Group Plc, LAND, (R), Lowland Investment Company, LWI, (SM), Personal Assets Trust Plc, PNL, (SM), Royal Dutch Shell Plc-A Shs, RDSA, (Pr), Sage Group Plc/The, SGE, (R), Shire Plc, SHP, (Pr), Wh Smith Plc, SMWH, (SM) FTSE 100 Dividends: Compass Group PLC, CPG, (16),  SSE PLC, SSE, (26) FTSE 100 Estimated Dividend Impact: 2 Points FTSE 250 Dividends: City of London Investment Trust PLC/The, CTY, (3.63),  IG Group Holdings PLC, IGG, (5.75),  Shaftesbury PLC, SHB, (6.25g) FTSE Small Share: City Merchants High Yield Trust Ltd, CMHY, (2.50),  GCP Infrastructure Investments Ltd, GCP, (1.90g),  NCC Group PLC, NCC, (1.14),  North American Income Trust PLC, NAIT, (6) S&P 500 Reporting: Abbott Laboratories, Q4, 0.582,  Allegheny Technologies Inc, Q4, -0.218,  Amphenol Corp, Q4, 0.984,  Coach Inc, Q2, 1.114,  Crown Castle International Corp, Q4, 0.936,  eBay Inc, Q4, 0.804,  Freeport-McMoRan Copper & Gold Inc, Q4, 0.801,  General Dynamics Corp, Q4, 1.758,  Jacobs Engineering Group Inc, Q1, 0.74,  Motorola Solutions Inc, Q4, 1.619,  Netflix Inc, Q4, 0.66,  Noble Corp plc, Q4, 0.816,  Norfolk Southern Corp, Q4, 1.506,  Northern Trust Corp, Q4, 0.753,  Parker Hannifin Corp, Q2, 1.251,  Progressive Corp/The, Q4, 0.424,  SanDisk Corp, Q4, 1.575,  Southwest Airlines Co, Q4, 0.286,  St Jude Medical Inc, Q4, 0.964,  Stryker Corp, Q4, 1.225,  TE Connectivity Ltd, Q1, 0.769,  Textron Inc, Q4, 0.596,  United Technologies Corp, Q4, 1.53,  US Bancorp/MN, Q4, 0.748,  Varian Medical Systems Inc, Q1, 0.899,  Western Digital Corp, Q2, 2.08 Euro Stoxx 600 Reporting: ASML Holding NV, R, 2.314,  Bankinter SA, R, 0.246,  Castellum AB, R, 10.257 Economic Data: 09:30 UK December Jobless Claims Change, -34k exp. -36.7 previous 09:30 UK November ILO Unemployment, 7.3% exp. 7.4% previous 15:00 CA Bank of Canada Rate Decision, 1.0% exp. 1.0% previous Economic Events: None Detailed Thursday January 23, 2014 UK Reporting: Barr (A.G.) Plc, BAG, (R), Astrazeneca Plc, AZN, (Pr), Chemring Group Plc, CHG, e, (CC), Chemring Group Plc, CHG, (R), Easyjet Plc, EZJ, (R), Firstgroup Plc, FGP, (SM), Kentz Corp Ltd, KENZ, (R), Keystone Investment Trust, KIT, (SM), London Stock Exchange Group, LSE, (R), London Stock Exchange Group, LSE, (R), Petra Diamonds Ltd, PDL, (R), Petra Diamonds Ltd, PDL, (R), Smiths News Plc, NWS, (SM), St James'S Place Plc, STJ, (R), Troy Income & Growth Trust P, TIGT, (SM) S&P 500 Reporting: Altera Corp, Q4, 0.299,  AmerisourceBergen Corp, Q1, 0.782,  Baxter International Inc, Q4, 1.25,  Discover Financial Services, Q4, 1.185,  E*TRADE Financial Corp, Q4, 0.191,  F5 Networks Inc, Q1, 1.19,  Fifth Third Bancorp, Q4, 0.42,  International Game Technology, Q1, 0.302,  Intuitive Surgical Inc, Q4, 3.782,  Johnson Controls Inc, Q1, 0.694,  Juniper Networks Inc, Q4, 0.367,  KeyCorp, Q4, 0.245,  KLA-Tencor Corp, Q2, 0.799,  Leggett & Platt Inc, Q4, 0.332,  Lockheed Martin Corp, Q4, 2.091,  LSI Corp, Q4, 0.162,  McDonald's Corp, Q4, 1.394,  Microsoft Corp, Q2, 0.688,  Precision Castparts Corp, Q3, 3.041,  Starbucks Corp, Q1, 0.692,  Union Pacific Corp, Q4, 2.485 Euro Stoxx 600 Reporting: None Detailed Economic Data: 09:00 Eurozone January PMI Manufacturing, 53.0 exp. 52.7 previous 13:30 US Initial Jobless Claims, 332k exp. 326k previous 15:00 Eurozone January Consumer Confidence, -13.0 exp. -13.6 previous 15:00 US Existing Home Sales, 4.93m exp. 4.9m previous 15:00 US December Leading Index, 0.1% exp. 0.8% previous Economic Events: None Detailed Friday January 24, 2014 UK Reporting: Close Brothers Group Plc, CBG, (R), Henderson European Focus Tru, HEFT, (SM), Henderson European Focus Tru, HEFT, (SM), Topps Tiles Plc, TPT, (SM), Workspace Group Plc, WKP, (R) S&P 500 Reporting: Bristol-Myers Squibb Co, Q4, 0.427,  Covidien PLC, Q1, 0.944,  Honeywell International Inc, Q4, 1.213,  Kansas City Southern, Q4, 1.099,  Kimberly-Clark Corp, Q4, 1.395,  Procter & Gamble Co/The, Q2, 1.199,  Stanley Black & Decker Inc, Q4, 1.297,  State Street Corp, Q4, 1.193,  WW Grainger Inc, Q4, 2.621,  Xerox Corp, Q4, 0.288 Euro Stoxx 600 Reporting: Ziggo NV, R, 1.727 Economic Data: None Detailed Economic Events: None Detailed 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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Week Ahead, January 10th

Friday January 10, 2014, Marketing Communication Monday January 13, 2014 UK Reporting: Afren Plc, AFR, (Pr), Cairn Energy Plc, CNE, (Pr), Enquest Plc, ENQ, (Pr), Greene King Plc, GNK, (R), Heritage Oil Plc, HOIL, (Pr), Ophir Energy Plc, OPHR, (Pr), Salamander Energy Plc, SMDR, (Pr), Soco International Plc, SIA, (Pr), Tullow Oil Plc, TLW, (Pr), Vedanta Resources Plc, VED, (SM) S&P 500 Reporting: None Detailed Euro Stoxx 600 Reporting: Suedzucker AG, Q3, 0.34 Economic Data: 19:00 US December Monthly Budget, $44.0bn exp. -$135.2bn previous Economic Events: None Detailed Market Holiday: Japan - Coming of Age Day Tuesday January 14, 2014 UK Reporting: Balfour Beatty Plc, BBY, (R), Baring Emerging Europe Plc, BEE, (SM), Barratt Developments Plc, BDEV, (R), Barratt Developments Plc, BDEV, (R), Big Yellow Group Plc, BYG, (R), Caracal Energy Inc - Di, CRCL, (Pr), Carr'S Milling Industries Pl, CRM, (SM), Countrywide Plc, CWD, (R), Domino'S Pizza Group Plc, DOM, (Pr), Ig Group Holdings Plc, IGG, e, (CC), Ig Group Holdings Plc, IGG, (R), Michael Page International, MPI, (R), Michael Page International, MPI, (R), Shire Plc, SHP, (Pr), Spirit Pub Co Plc, SPRT, (SM), Spirit Pub Co Plc, SPRT, (R) S&P 500 Reporting: JPMorgan Chase & Co, Q4, 1.363,  Linear Technology Corp, Q2, 0.501,  Wells Fargo & Co, Q4, 0.983 Euro Stoxx 600 Reporting: IG Group Holdings PLC, S1, 0.195 Economic Data: 09:30 UK December PPI Output, 0.1% exp. -0.2% previous 09:30 UK December CPI, 0.5% exp. 0.1% previous 13:30 US December Retail Sales Advance, 0.1% exp. 0.7% previous Economic Events: Trichet speaks to European Parliament Wednesday January 15, 2014 UK Reporting: Astrazeneca Plc, AZN, (Pr), Btg Plc, BTG, (Pr), Burberry Group Plc, BRBY, (R), Burberry Group Plc, BRBY, (R), Diploma Plc, DPLM, (SM), Diploma Plc, DPLM, (R), Fenner Plc, FENR, (SM), Fenner Plc, FENR, (R), Jupiter Fund Management, JUP, (R), Majedie Investments Plc-Ord, MAJE, (SM), Smiths News Plc, NWS, (R), Taylor Wimpey Plc, TW, (R), Tullow Oil Plc, TLW, (R), Vectura Group Plc, VEC, (Pr) FTSE 100 Dividends: Ashtead Group PLC, AHT, (2.25),  Imperial Tobacco Group PLC, IMT, (81.20),  Next PLC, NXT, (50) FTSE 100 Estimated Dividend Impact: 3.394Points FTSE 250 Dividends: F&C Commercial Property Trust Ltd, FCPT, (.50g),  NB Global Floating Rate Income Fund Ltd, NBCS, (.20g),  NB Global Floating Rate Income Fund Ltd, NBLS, (.94),  NB Global Floating Rate Income Fund Ltd, NBLU, (.0094g),  QinetiQ Group PLC, QQ/, (1.40) FTSE Small Share: Aberdeen Asian Income Fund Ltd, AAIF, (2.50g),  Consort Medical PLC, CSRT, (7.35),  Dunedin Smaller Companies Investment Trust PLC, DNDL, (3.10),  Martin Currie Portfolio Investment Trust PLC, MNP, (.90),  Middlefield Canadian Income PCC, MCT, (1.25),  Schroder Oriental Income Fund Ltd, SOI, (1.50g),  TwentyFour Income Fund Ltd, TFIF, (1.25g) S&P 500 Reporting: Bank of America Corp, Q4, 0.27,  CSX Corp, Q4, 0.424,  Fastenal Co, Q4, 0.352 Euro Stoxx 600 Reporting: Christian Dior SA, S1, 0,  Chr Hansen Holding A/S, Q1, 0.255 Economic Data: Empire Manufacturing, 3.0 exp. 0.98 previous 13:30 US December PPI m/m, 0.4% exp. -0.1% previous Economic Events: World Bank releases new global growth forecasts IMF's Lagarde speaks at National Press Club US Fed Beige Book Thursday January 16, 2014 UK Reporting: Aberdeen Asset Mgmt Plc, ADN, (R), Aberdeen Asset Mgmt Plc, ADN, (SM), Aberdeen Asset Mgmt Plc, ADN, (R), Associated British Foods Plc, ABF, (R), Blackrock Emerging Europe Pl, BEEP, e, (CC), Booker Group Plc, BOK, (R), Bovis Homes Group Plc, BVS, (R), Computacenter Plc, CCC, (R), Dixons Retail Plc, DXNS, (R), Experian Plc, EXPN, (R), Experian Plc, EXPN, (R), Halfords Group Plc, HFD, (R), Halfords Group Plc, HFD, (R), Home Retail Group, HOME, (R), Home Retail Group, HOME, (R), Kofax Ltd, KFX, (Pr), Ladbrokes Plc, LAD, (R), Brown (N) Group Plc, BWNG, (R), Brown (N) Group Plc, BWNG, (R), Ncc Group Plc, NCC, e, (CC), Ncc Group Plc, NCC, (R), Ocado Group Plc, OCDO, (R), Premier Oil Plc, PMO, (R), Rio Tinto Plc, RIO, (R) S&P 500 Reporting: American Express Co, Q4, 1.252,  BB&T Corp, Q4, 0.719,  BlackRock Inc, Q4, 4.351,  Capital One Financial Corp, Q4, 1.568,  Charles Schwab Corp/The, Q4, 0.207,  Citigroup Inc, Q4, 0.986,  Goldman Sachs Group Inc/The, Q4, 4.16,  Huntington Bancshares Inc/OH, Q4, 0.174,  Intel Corp, Q4, 0.518,  Kinder Morgan Inc/DE, Q4, 0.353,  M&T Bank Corp, Q4, 1.914,  People's United Financial Inc, Q4, 0.2,  PNC Financial Services Group Inc/The, Q4, 1.641,  PPG Industries Inc, Q4, 1.726,  SLM Corp, Q4, 0.727,  UnitedHealth Group Inc, Q4, 1.406 Euro Stoxx 600 Reporting: None Detailed Economic Data: 00:01 UK December RICS House Price Balance, 59% exp. 58% exp. 10:00 Eurozone December CPI m/m, 0.3% exp. -0.1% previous 13:30 US December CPI m/m, 0.3% exp. 0.0% previous 13:30 US Initial Jobless Claims, 325k exp. 330k previous Economic Events: Bernanke speaks on challenges facing central banks Friday January 17, 2014 UK Reporting: Booker Group Plc, BOK, (R), Evraz Plc, EVR, (R), Games Workshop Group Plc, GAW, e, (R), Spectris Plc, SXS, (R), William Hill Plc, WMH, (R), William Hill Plc, WMH, (R) S&P 500 Reporting: Bank of New York Mellon Corp/The, Q4, 0.54,  Comerica Inc, Q4, 0.742,  General Electric Co, Q4, 0.533,  Morgan Stanley, Q4, 0.452,  Parker Hannifin Corp, Q2, 1.229,  Progressive Corp/The, Q4, 0.428,  Schlumberger Ltd, Q4, 1.331,  SunTrust Banks Inc, Q4, 0.693 Euro Stoxx 600 Reporting: None Detailed Economic Data: 09:30 UK December Retail Sales, 0.5% exp. 0.4% previous 13:30 US December Housing Starts, 990k exp. 1091k previous 14:15 US December Industrial production 0.3% exp. 1.15 previous 14:55 Uni. of Michigan Confidence, 83.2 exp. 82.5 previous Economic Events: None Detailed Reminder: US Markets Closed Monday 20th January - Martin Luther King Day 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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Week Ahead, January 3rd

Friday January 3, 2014, Marketing Communication Monday January 6, 2014 UK Reporting: None Detailed S&P 500 Reporting: None Detailed Euro Stoxx 600 Reporting: None Detailed Economic Data: 09:00 Eurozone December PMI Composite, 52.1 exp. 52.1 previous 09:30 UK December PMI services, 60.5 exp. 60.0 previous 15:00 US December Non Manufacturing ISM, 54.5 exp. 53.9 previous 15:00 US November Factory Orders, 1.7% exp. -0.9% previous Economic Events: None Detailed Tuesday January 7, 2014 UK Reporting: Arm Holdings Plc, ARM, (Pr), Arm Holdings Plc, ARM, (Pr), Easyjet Plc, EZJ, (R), G4S Plc, GFS, (Pr), Intl Consolidated Airline-Di, IAG, (R), William Hill Plc, WMH, (Pr) S&P 500 Reporting: Micron Technology Inc, Q1, 0.423 Euro Stoxx 600 Reporting: None Detailed Economic Data: 10:00 Eurozone December CPI Estimate, 0.9% exp. 0.9% previous 13:30 US November Trade Balance, -$40.0bn exp. -$40.6bn previous Economic Events: None Detailed Wednesday January 8, 2014 UK Reporting: Glaxosmithkline Plc, GSK, (Oth), Sainsbury (J) Plc, SBRY, (R), Sainsbury (J) Plc, SBRY, (R), Persimmon Plc, PSN, (R), Persimmon Plc, PSN, (R) FTSE 100 Dividends: British Land, BLND, (6.75g) FTSE 100 Estimated Dividend Impact: 0.3 Points FTSE 250 Dividends: Dairy Crest Group PLC, DCG, (5.90),  Firstgroup PLC, FGP, (n/ag),  ITE Group PLC, ITE, (4.70),  Monks Investment Trust PLC/The, MNKS, (.50),  Murray International Trust PLC, MYI, (9.50),  Paragon Group of Cos PLC, PAG, (4.80),  WH Smith PLC, SMWH, (21.30),  Workspace Group PLC, WKP, (3.54g) FTSE Small Share: Aberdeen New Dawn Investment Trust PLC, ABD, (1),  Edinburgh Worldwide Investment Trust PLC, EWI, (1.50),  European Investment Trust PLC, EUT, (14),  European Investment Trust PLC, EUT, (4),  Lowland Investment Company PLC, LWI, (9),  Majedie Investments PLC, MAJE, (6.30),  Smiths News PLC, NWS, (6.30),  Speedy Hire PLC, SDY, (.26),  Spirit Pub Co PLC, SPRT, (1.37),  Standard Life European Private Equity Trust PLC, SEP, (5) S&P 500 Reporting: Bed Bath & Beyond Inc, Q3, 1.147,  Constellation Brands Inc, Q3, 0.902,  Family Dollar Stores Inc, Q1, 0.69,  Monsanto Co, Q1, 0.641 Euro Stoxx 600 Reporting: None Detailed Economic Data: 10:00 Eurozone November Retail Sales, 0.1% exp. -0.2% previous 10:00 Eurozone November Unemployment Rate, 12.15 exp. 12.15 previous 19:00 US Fed Meeting Minutes Economic Events: None Detailed Thursday January 9, 2014 UK Reporting: Astrazeneca Plc, AZN, (Pr), Glaxosmithkline Plc, GSK, (Oth), Intertek Group Plc, ITRK, (Pr), Marks & Spencer Group Plc, MKS, (R), Marks & Spencer Group Plc, MKS, (R), Tesco Plc, TSCO, (R) S&P 500 Reporting: Alcoa Inc, Q4, 0.056 Euro Stoxx 600 Reporting: None Detailed Economic Data: 09:30 UK November Visible Trade Balance, -£9400 exp. -£9732 previous 10:00 Eurozone December Consumer Confidence, -13.6 exp. -13.6 previous 12:00 UK MPC Rate Announcement, 0.5% exp. 0.5% previous 12:45 Eurozone ECB Rate Announcement, 0.25% exp. 0.25% previous 13:30 US January Initial Jobless Claims, 320k exp. 339k previous Economic Events: 13:30 Draghi Press Conference Friday January 10, 2014 UK Reporting: Jpmorgan Japan Smaller Co Tr, JPS, (SM), Jpmorgan Japanese Inv. Trust, JFJ, (SM) S&P 500 Reporting: American Express Co, Q4, 1.254 Euro Stoxx 600 Reporting: None Detailed Economic Data: 09:30 UK November Industrial Production, 0.3% exp. 0.4% previous 09:30 UK November Manufacturing Production, 0.4% exp. 0.4% previous 13:30 December Change in Non Farm Payrolls, 193k exp. 203k previous Economic Events: None Detailed 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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