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** US MARKETS **
Dow -0,03%; Nasdaq 0,56%; S&P 0,04%; Soxx 1,13%; Russel2k 0,59%; DJAIG -1,49%;
10yr Bond 0,01%; 10yr Yield 4,67%; Crude future 58,32; Gold 602,13

| Technology 0,79%| ConsDisc 0,59%| Industrials 0,44%| Materials 0,36%|
Financials 0,29%| Utilities 0,03%| ConsStaples -0,17%| Healthcare -0,47%|
Telecom -1,33%| Energy -1,47%

- Oil Trades Below $59 a Barrel After Plunging on Forecast Warm U.S. Weather

- Procter &Gamble (PG) — this week’s last Dow component scheduled to
report results — heads the list of earners. Other notable names out before the
bell include Alcan (AL), Automatic Data Processing (ADP), Biogen Idec (BIIB),
Eastman Kodak (EK), Hilton Hotels (HLT), InterActive (IACI), Masco (MAS), Molson
Coors (TAP), Qwest (Q), Royal Caribbean (RCL), U.S. Steel (X), Valero Energy
(VLO), and BJ Services (BJS). After the close, Chipotle Mexican Grill (CMG),
McKesson (MCK), Papa John’s (PZZA) are among the bigger names reporting.

- On the economic front, the Q3 Employment Cost Index will be released at 14:30
CET while Chicago PMI and Consumer Confidence will be out at 16:00 CET.

** ASIAN MARKETS **
Nikkei 0,29%; Kospi 0,62%; HSI -0,22%; Taiwan 0,37%; China 1,39%; India 0,02%;
Thailand 0,66%; Australia -0,28%

- India Raises Benchmark Rate for Fourth Time This Year to Curb Inflation
- Bank of Japan Predicts Inflation Will Accelerate, Supporting Rate Increase
- Asian Stocks Decline, Led by PetroChina, as Oil Drops; LG.Philips Advances
- Japan Household Spending Falls the Most in Five Years, Wage Growth Stalls
- Sinopec Profit Rises 51 Percent on Increased Output to Meet China’s Demand
- Global Iron Ore Prices May Fall as Supply Improves, China Steel Group Says
- Creative, Losing Share to IPods, Reports $21 Million Loss; Shares Tumble
- Carlyle, Unison to Lead $776 Million Management Buyout of Toshiba Ceramics
- Denso Raises Profit Forecast on Demand for Parts From Shareholder Toyota
- Indian Oilseed Output May Decline on Dry Weather, Boosting Palm Oil Prices

- The yen headed for the first monthly gain against the dollar since May as the
Bank of Japan said in its semi-annual outlook report today inflation will
accelerate. Japan’s currency reversed a decline today as a twice-yearly
report signaled the central bank’s plans to raise interest rates in coming
months. Governor Toshihiko Fukui has said he can’t rule out another increase
this year because holding borrowing costs too low may fuel excessive investment.

** EUROPE: IN PLAY TODAY **

- UBS AG, Europe’s biggest bank by assets, reported a 21 percent drop in
third-quarter profit as lower trading revenue hurt earnings at the investment
bank. Net income fell to 2.2 billion Swiss francs ($1.76 billion),or 1.07 francs
a shares, from 2.77 billion francs, or 1.23 francs, a year earlier. That fell
short of the 2.61 billion-franc median estimate of 17 analysts surveyed by
Bloomberg News.

- Sanofi-Aventis SA, France’s biggest drugmaker, reported a 12 percent drop in
third-quarter profit after a generic of its blood-thinner Plavix snatched
revenue and health-policy changes eroded sales in its home market. Net income
fell to 1.7 billion euros ($2.16 billion), or 1.26 euros a share, from 1.92
billion euros, or 1.44 euros. That beat the 1.59 billion euros analysts
estimated in a Bloomberg survey.

- Atos Origin SA, the supplier of computer services to the Olympic Games, cut
its outlook for full-year sales growth, after third-quarter revenue fell 1.3
percent because of a decline in the U.K. Atos expects 2006 revenue excluding the
effect of takeovers and exchange rates to rise about 1.5 percent, the
Paris-based company said in an e-mailed statement today. Atos had repeated a
forecast for 3 percent growth as recently as September.

- Deutsche Lufthansa AG: Europe’s second-biggest airline had its credit rating
increased by Standard and Poor’s after earnings and the company’s forecasts for
full-year profits both rose.

- Metro AG, Germany’s largest retailer, said third-quarter profit fell 31
percent as the acquisition of Polish store chain Geant and Wal-Mart Stores
Inc.’s German supermarkets added costs. Net income declined to 81.5 million
euros ($103.7 million), or 25 cents a share, from 118.5 million euros, or 36
cents, the Dusseldorf, Germany-based company said in documents distributed
before a press conference today. The figure was below the 101 million euro
median forecast of nine analysts in a Bloomberg survey.

- Suez SA: The water and power company that’s merging with Gaz de France SA said
nine-month revenue rose 8.7 percent to 32.4 billion euros on higher power
prices.

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This entry was posted on Tuesday, October 31st, 2006 at 7:58 and is filed under Morning Wrap.