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** US MARKETS **
Dow -0,54%; Nasdaq -0,85%; S&P -0,53%; Soxx -1,36%; Russel2k -0,38%; DJAIG
-0,47%; 10yr Bond -0,04%; 10yr Yield 5,2%; Crude future 70,7; Gold 583,85

| Energy 0,43%| ConsStaples -0,12%| Financials -0,38%| Materials -0,4%|
Utilities -0,45%| Healthcare -0,58%| Telecom -0,6%| ConsDisc -0,7%| Industrials
-0,71%| Technology -1,32%

** US HEADLINES **
- Goldman Increases Associated Ports Bid to $5.1 Billion, Topping Macquarie
- General Motors Plans Gas-Electric Car to Catch Up to Toyota, People Say
- Durable Goods Orders in U.S. Probably Rose on Computer, Machinery Demand
- Treasuries Poised for Second Week of Declines as Interest Rate Bets Rise
- Vonage IPO Investors Overlooked Losses, Growing Expenses and Citron’s Past
- Generic Drug Revolution, Pushed by Medco, May Cut U.S. Costs $49 Billion
- Dollar May Strengthen on Speculation Federal Reserve to Raise Rates Twice

** US: IN PLAY TODAY **
- Oracle (+0.5% after hours) reports Q4 (May) earnings of $0.29 per share,
$0.01 better than the Reuters Estimates consensus of $0.28; non-GAAP revenues
rose 21.7% year/year to $4.94 bln vs. the $4.76 bln consensus. Co pre-announced
non-GAAP EPS of $0.29 on revs of $4.94 bln on June 15th.

- With no notable earnings reports scheduled today, investors will look for
economic data and perhaps ensuing action in the Treasury market to set the tone
of trading for the day, especially with the yield on the 10-yr note near 4-yr
highs. May Durable Orders at 14:30 CET is the only scheduled report but will
offer investors an update on the health of business investment.

** ASIAN MARKETS **
Nikkei -0,08%; Kospi -1,05%; HSI -0,56%; Taiwan -0,51%; China 0,45%; India
-0,76%; Thailand -0,34%; Australia -0,66%

** ASIAN HEADLINES **
- Asian Shares Drop on Concern Over Economic Growth; Nissan, Kookmin Slide
- Carlyle’s Bid for Taiwan Eastern Multimedia Company Held Up, Official Says
- UBS, Macquarie Top Acquisition Rankings in Australia After Record Deals
- China’s Aluminum Corp. Seeks to Invest in Mongolian, Russian Copper Mines
- Singapore’s Consumer Prices Increased 1.1 Percent in May From Year Earlier
- PCCW Shares Fall on Concern China Network May Step in, Delay Asset Sale
- Thailand to List CAT Telecom and TOT in Second Quarter of 2007 After Delay
- China’s Datang, Utility Shares May Gain as Government Eases Price Controls
- Toyota’s Watanabe Risks Quality to Cut Engine Costs as Steel Prices Rise

** EUROPEAN MARKETS **
S&P future 0,03%; Bund future -0,04%; Crude future 70,7; €/$ 1,2569; Gold 583,85

** EUROPE: IN PLAY TODAY **

- Barclays Plc: The U.K.’s third-biggest bank by
market value agreed to buy HomEq Servicing Corp., a U.S.
mortgage-servicing unit, from Wachovia Corp. for $469
million as it seeks to package and trade more debt in the world’s
largest economy.

- BNP Paribas SA: The French bank is offering 1
billion euros ($1.3 billion) to buy 51 percent of Fiat SpA’s Fidis Retail
consumer-finance business, Radiocor reported, citing unidentified people
familiar with the transaction.

- Continental AG: The auto parts maker expects an
improved operating profit for the second quarter before special
items, Reuters reported, citing Chief Financial Officer Alan
Hippe.

- Deutsche Telekom AG: European Union regulators are
considering placing limits on charges for mobile-phone text
messages, threatening revenue at companies including Deutsche
Telekom, according to an EU draft proposal obtained by Bloomberg.

- European Aeronautic Defence & Space Co.: The parent
of Airbus SAS may be active. Airbus has raised the list prices on
all its aircraft, the Financial Times Deutschland said, citing a
company spokesman.

- Fugro NV: The world’s largest surveyor of
deepwater oil fields is scheduled to give a first-half trading
update. Fugro said May 10 that it expects record profit and sales
this year as demand for its services increases.

- InBev NV: Anheuser-Busch Cos, the world’s
largest brewer, is negotiating to allow its distributors to sell
and market InBev NV’s European brands in the U.S., according to
Beer Business Daily, an industry journal.

- Nutreco Holding NV: A Dutch animal-feed maker said
it will pay a 300 million euro dividend to
shareholders. The company will also start a 50 million euro share
buyback program, it said in an e-mailed statement.

- Scottish Power Plc: The U.K.’s fifth-largest energy
provider will raise the prices it charges customers for
electricity by 10 percent and natural gas by 17 percent to cope
with rising costs.

- Volkswagen AG: Europe’s largest carmaker may win 95
percent acceptance of an early retirement program and more than
1,000 workers may take up a buyout package in a workforce-cutback
program aimed at reducing costs, said Bernd Osterloh, head of the
company’s works council.

** EUROPE: UPS & DOWNS **

+ STATOIL RAISED TO `BUY’ FROM `HOLD’ AT DEUTSCHE BANK
+ ROYAL DUTCH SHELL RAISED TO `BUY’ FROM `HOLD’ AT DEUTSCHE BANK
+ ACCOR PRICE ESTIMATE RAISED TO EU62 FROM EU60 AT UBS
+ ENI PRICE TARGET RAISED 4% TO EU29 VS EU28 AT DEUTSCHE BANK
+ OMV PRICE TARGET RAISED TO EU55 VS EU50 AT DEUTSCHE BANK
+ TOTAL PRICE TARGET RAISED TO EU65 VS EU62.5 AT DEUTSCHE BANK
+ BP PRICE TARGET RAISED TO 800P VS 750P AT DEUTSCHE BANK
- KPN CUT TO `EQUAL-WEIGHT’ VS `OVERWEIGHT’ AT MORGAN STANLEY

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This entry was posted on Friday, June 23rd, 2006 at 7:12 and is filed under Uncategorized.