** MORNING WRAP ** GLAD TO BE BACK :)
** US MARKETS **
Dow 0,54%; Nasdaq 0,49%; S&P 0,38%; Soxx 0,72%; Russel2k 0,29%; DJAIG -1,23%;
10yr Bond -0,03%; 10yr Yield 4,77%; Crude future 65,83; Gold 597,28
| Technology 1,06%| Materials 0,26%| Industrials 0,17%| Financials 0,56%|
ConsDisc 1,05%| Telecom 0,04%| Healthcare 0,68%| Utilities 0,16%| ConsStaples
0,6%| Energy -1,88%
** US: IN PLAY TODAY **
- Terror Attacks Leave U.S. Economy `More Precarious,’ Vulnerable to Shocks
- Commodities Bust Is Underway, Morgan Stanley Says; Goldman Stays Bullish
- Treasuries May Fall Before $8 Billion Sale of 10-Year Notes, Fed Speeches
- LaBranche & Co. : The New York Stock Exchange market-maker is “ripe” for a
management-led leveraged buyout as the company may add as much as $400 million
in cash during the next few years, Barron’s reported in its “The Trader”
column.
- Symantec Corp : Shares of the anti-virus software
developer may gain 30 percent in the next 12 months on the
company’s acquisition of Veritas Software Corp., Barron’s
reported, citing analysts.
- Walt Disney Co.: The company’s “Pirates of the
Caribbean: Dead Men’s Chest,” which had the biggest weekend box
office opening at $135.6 million, on Sept. 8 became the third
movie ever to pass $1 billion in box-office receipts.
** ASIAN MARKETS **
Nikkei -1,06%; Kospi -0,91%; HSI -0,24%; Taiwan 0,39%; China -0,67%; India
0,55%; Thailand -0,29%; Australia -1,13%
** ASIAN HEADLINES **
- Oil Drops, Gold Tumbles Below $600 an Ounce After Iran Talks Make Progress
- China’s Inflation Accelerates to 1.3 Percent After Food Prices Increase
- Asian Equities Slide; BHP Billiton, Mitsui Mining Fall as Oil, Metals Drop
- Yen Rises on Speculation Europe to Seek Gains in Currency at G-7 Meeting
- Japanes Economy Expands 1 Percent on Domestic Demand; As expected
- Government Bonds Advance After Fukui Signals Yield Drop Was Not Excessive
- Commodities Bust Is Underway, Morgan Stanley Says; Goldman Stays Bullish
** EUROPE: IN PLAY TODAY **
- Trichet, G-10 Bankers May Say World Economy Can Bear Higher Interest Rates
- Switzerland Will Probably Raise Benchmark Interest Rate by Quarter-Point
- Inflation in U.K. May Have Exceeded Central Bank’s Target for Fourth Month
- Alcatel SA: Shares of the company, which became the
world’s No. 1 supplier of telephone networks following its
purchase of Lucent Technologies Inc., are undervalued, according
to Lucent’s third-biggest stakeholder. Tony DeSpirito, a money
manager at New York-based Pzena Investment Management, said the
combined company should trade 50 percent higher than where the
two stocks are now. Pzena Investment owns 5.3 percent of Lucent.
- Royal Ahold NV: Board members are divided over calls
by hedge funds to sell off parts of the retailer, The Business
reported on Sept. 10, citing a person close to the company. Hedge
funds Centaurus Capital Ltd. and Paulson & Co., which own 6.4
percent in the Dutch owner of Stop & Shop and Giant supermarkets
in the U.S., want to split Ahold’s U.S. assets from the rest of
the group to increase its value, The Business said. “The board
is divided,” the paper quoted an unidentified person close to
Ahold as saying. “Everything is on the table. It is not a smooth
sailing and it’s going to take a little more time.”
- Stanley Leisure Plc: Genting Bhd., parent of Asia’s
biggest publicly traded casino company, said it agreed to buy
Stanley Leisure Plc, the largest U.K. casino operator, for 639
million pounds ($1.2 billion).