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** US MARKETS **
Dow 0,6%; Nasdaq 0,55%; S&P 0,57%; Soxx 0,82%; Russel2k 0,55%; DJAIG
1,18%; 10yr Bond 0,13%; 10yr Yield 5,05%; Crude future 71,29; Gold 653,7

| Energy 0,43%| ConsStaples 0,17%| Materials 1,36%| Telecom 1,21%|
Utilities 1,1%| Financials 0,76%| Healthcare 0,56%| Technology 0,46%| ConsDisc
0,44%| Industrials 0,43%

** US HEADLINES **
- U.S. Labor, Manufacturing Reports May Point to Slowdown, Economists Say
- Dollar May Decline on Concern U.S. Growth Will Trail Both Europe and Japan
- Wal-Mart’s Same-Store sales Rise 2.3 Percent; `Paycheck Cycle’ Pronounced
- U.S. Stocks Gain for First Week in Three on Gross Domestic Product Report
- U.S. 10-Year Treasuries Hold Last Week’s Gains on Signs Economy May Cool
- FedEx to Purchase Watkins for $780 Million, Expanding Canada-U.S. Traffic

** US MARKET ARE CLOSED FOR MEMORIAL DAY **

** ASIAN MARKETS **
Nikkei -0.34%; Kospi 0.51%; HSI 0.51%; Taiwan -0.01%; China 1.67%; India 1.07%;
Thailand -0.04%; Australia 1.1%

** ASIAN HEADLINES **
- Asian Stocks Advance, Paced by Sony and Hyundai Motor; BHP Billiton Climbs
- Hankyu Offers $3.5 Billion for Osaka Competitor Hanshin Electric Railway
- General Electric, China Sign Agreement to Develop Clean Energy Technology
- Japan’s April Retail Sales Fell as Wet and Cool Weather Deterred Shoppers
- Shaukat Aziz Says Pakistan Economy May Expand as Much as 8 Percent a Year
- South Korea to Ease Telecom Regulations, Communications Minister Rho Says
- Ctrip May Buy Companies in Asia as More Chinese Citizens to Travel Abroad
- CapitaLand, Keppel Land Shares Drop After Groups Lose Singapore Casino Bid
- Sanyo Plans to Double Sales at Battery Unit to $8.9 Billion in Four Years
- China Stocks Withstand Emerging-Market Slump, May Rise on Domestic Demand

** EUROPEAN MARKETS **
S&P future -0.03%; Bund future -0.08%; Crude future 71.29; €/$ 1.27455; Gold
650.1

** IN PLAY TODAY **
- Arcelor shareholders are attempting to block the plan to buy OAO Severstal and
thwart Mittal Steel’s bid by forming a group with a 20% stake in Arcelor (The
Business).

- Lafarge is set to exceed cost cutting targets it announced back in February
according to the company’s CEO (le Journal des Finances).

- Volkswagen’s could spend up to E1bln as it plans to reduce its workforce (Der
Spiegel). In other news, the automaker will have to recall 362,000 Jettas and
New Beetles for brake-light failures.

-SAP’s CEO confirmed his company had held preliminary merger talks with
Microsoft, even though the talks never became formal and many clients preferred
to see the 2 companies remain separate (Les Echos).

- Deutsche Telekom may bid 25bln for BT Group (Times). The deal however is not
likely to go through as board members of the German company would be against it
(Telegraph).

- Repsol’s Chairman described his company’s presence in Latin America as “too
heavy” and the company will begin dispersing assets there and focus its growth
plans on other areas (El Pais).

- ABN Amro completed its E600m stock buyback program. The bank purchased 25.4m
shares at an average price of E23.24 a piece.

- Logitech International is targeting a 15% in revenue growth annually for the
next 4 years, excluding acquisitions, according to the group’s Chairman (NZZ am
Sonntag).

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This entry was posted on Monday, May 29th, 2006 at 7:49 and is filed under Uncategorized.