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** TRADING HEADLINES **

- Exxon Net Soars to $10.7 Billion; 2005 Profit Most Ever for U.S. Company
- Natural Gas Futures Gain Amid Forecasts for Cold Weather in Eastern U.S.
- Personal Spending in the U.S. Rises More Than Forecast as Incomes Increase
- S&P 500 Gains on Record Profit at Exxon; Rise Limited Before Fed Meeting
- Kraft Foods Earnings Increase 23 Percent; 8,000 Additional Jobs to Be Cut
- Gilead’s Profit More Than Doubles on Sales of Once-a-Day Truvada HIV Pill
- GM Bonds, Shares Rise After Citigroup Joins Bidding for GMAC Finance Unit
- Gold, Silver Gain on Investor Demand for Haven Amid Concerns About Iran
- Copper Falls From Records on Signs of Inventory Headed for LME Warehouses
- Crude Oil Rises on Signs OPEC Unable to Cover Potential Loss of Supplies
- Coffee Rises to 7-Month High in London as Demand Grows, Supplies Dwindle
- Soybean Prices Rise as Dry Weather in Brazil, Argentina May Reduce Yields
- Cattle Prices Fall on Concern Consumers Will Buy Cheaper Chicken and Pork

** AFTER HOURS **

- Kraft Foods +3% beating Reuters estimates by 2 cents.

- U.S Steel -0.5% reports in line Q4 EPS of $1.18.

- Good Year Tire -7.5% on escalating raw materials cost.

- Nasdaq -7% after beating Q4 consensus

** IN PLAY TODAY **

Top focus today will be the FOMC rate decision (20:15 CET) preluded by the employment cost idnex (14:30 CET) and Consumer Confidence and Chicago Purchasing (16:00 CET). Today are earnings reports scheduled before the U.S. open of Phelps Dodge, Archer Daniels, Merck , Altria, Hilton and Valero Energy. After the close Symantec is on the roll.

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This entry was posted on Tuesday, January 31st, 2006 at 7:57 and is filed under Uncategorized.