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14 Dec 2012

Cantor Opening Call
  • The FTSE is seen up 10 points higher today
 
 
 
UK Corporate Announcements
  • Punch Taverns states that its sees improved conditions in H2 and that its profit is in line
  • WHI Ireland announces group revenues gained to £25m, and that markets remain challenging and has cautious optimism for 2013
  • Laura Ashley states that gross margins marginally lower than last year
  • Moss Bros states that it has continued to trade well
 
UK Market News
  • RICS details that UK house price growth is expected to accelerate next year as levels of homebuilding fails to keep up with demand
  • S&P has cut its outlook on the UK to negative citing the weak economy
  • WHI Ireland stays in focus as it came off 24% yesterday as its chief executive unexpectedly resigns with immediate effect
  • Sainsbury’s details that it plans to keep its tills open for an hour after the official closing time on Sunday, December 23rd
  • The UK sells £2.5bn in Bills at 11:10
 
FTSE 100 Movers
 
 
UK Analyst Upgrades
  • Ds Smith Enters Ubs Most Preferred Europe Forestry & Paper Shrs
 
UK Analyst Cuts
  • Imagination Technologies PT Cut to 400p from 430p at RBC Capital
 
UK Insider Buying
  • Amec Plc, (AMEC), 1 insider(s) bought 3100 shares, £10.25
  • Hargreaves Lansdown Plc, (HL/), 1 insider(s) bought 225000 shares, £7.15
  • Rsa Insurance Group Plc, (RSA), 1 insider(s) bought 20000 shares, £1.24
  • Unilever Plc, (ULVR), 1 insider(s) bought 2100 shares, £24.25
 
European Market Summary
  • UBS could face fines of over $1bn over the Libor fixing probes, over double what Barclays paid
  • The EU summit in Brussels has pushed back all major decisions over fiscal and economic integration until June
  • PPG announces that it buys AkzoNobel North American operations for $1.05bn
  • Alcatel announces it has secured €1.6bn in debt financing from Credit Suisse and Goldman
  • France Telecom’s CFO states that its stock is undervalued
 
Major US Stock Movers After Hours
  • Adobe gained 6% after hours as it announces Q4 numbers ahead of the estimates
  • Verifone the mobile payments company fell 7% in late trading as it detailed lower than expected quarterly numbers
  • NIC Inc gained 4% as it will replace OPNET Technologies in the S&P SmallCap 600

US Market News
  • In US politics the toxic nature of the arguments has caused Susan Rice to withdraw her name from consideration as President Obama’s next secretary of state
  • AVG Technologies announces it has teamed up with Yahoo! on secure search
 
Overnight Market News
  • The Japanese Tankan business confidence survey has fallen to its lowest level in almost three years
    PetroChina agrees to pay C$1.18bn to Encana for a 49.9% stake in an Alberta shale formation
  • India details new guidelines in stock market trading, as it looks to avoid issues seen in October last year where one broker placing erroneous trades was able to take 16% off the S&P CNX Nifty Index in under 10 seconds

Economic Data Due
  • 09:00 Eurozone December PMI Services, 46.7 previous
  • 10:00 Eurozone November CPI y/y, 2.2% exp.
  • 13:30 US November CPI, -0.2% exp. 0.1% previous
  • 14:15 US November Industrial Production, 0.3% exp. -0.4% previous
  • 14:15 US November Capacity Utilisation, 78.0% exp. 77.8% exp.
 
Economic Events
  • Walter Replaces Schapiro as US SEC Chairman
 
US Industrial Production
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