** MORNING WRAP **

** US MARKETS **
Dow 0,38%; Nasdaq -0,23%; S&P -0,37%; Soxx -0,61%; Russel2k -0,08%; DJAIG 0%;
10yr Bond -0,04%; 10yr Yield 4,55%; Crude future 60,1; Gold 641

| Utilities 0,15%| Materials 0,07%| Telecom -0,04%| Technology -0,29%|
Financials -0,35%| ConsStaples -0,35%| Industrials -0,41%| Energy -0,42%|
ConsDisc -0,55%| Healthcare -0,61%

Fed’s Poole Says Eurodollar Futures Fail to Predict Interest Rate Changes
- Homebuilder Shares Rally Amid Housing Slump; Home Depot, Pulte Beat S&P
- Putnam’s Divney, Citigroup’s Rhodes Say Investors Ignore Stock Market Risk
- U.S. Thanksgiving Weekend Spending Rises 19% as Shoppers Seek Out Sales
- Euro Climbs Against Dollar, Yen on Prospects for European Rate Increases
- Oil Shares Signal a Rebound; Pickens, Lehman Predict Record Prices in 2007
- Gold Rises for a Seventh Day in Asia as Dollar Declines Versus Euro, Yen

** ASIAN MARKETS **
Nikkei 0,96%; Kospi 0,24%; HSI 0,47%; Taiwan 0,95%; China -0,74%; India 0,66%;
Thailand 0,79%; Australia 0,02%

- Asian Stocks Climb, Led by United Microelectronics; Japan’s Eisai Advances
- Origin Agrees to Buy Sun Retail from State of Queensland for $937 Million
- China Port Builder Seeks $2.07 Billion From Initial Share Sale, People Say
- WalMart, Bharti to Form Equal Joint Venture to Open Supermarkets in India
- Hong Kong Dollar Peg to U.S. Shows Strains as Interest-Rate Gap Widens
- Asia Chip-Related Shares Rise as Carlyle Bid Spurs Takeover Speculation

- Shares of Advanced Semiconductor Engineering Inc., the world’s largest chip
packager and tester, rose by the daily limit (+15%) after Carlyle Group offered
to buy out the Taiwanese company for $5.7 billion.

** EUROPE: IN PLAY TODAY **
– Confidence in Europe’s Economy Probably Rose to Highest Level in Six Years
- European Growth Stocks May Lead Market in 2007, UBS, Morgan Stanley Say
- Europe Surpasses U.S., Japan in Reaping Gains From Expanding World Trade
- Carlsberg, Lagging Anheuser-Busch, SABMiller, Seeks Acquisitions in China

- Bayer AG, Germany’s largest pharmaceutical company, said third-quarter profit
fell 35 percent on the cost of integrating Schering AG, the rival German
drugmaker it bought earlier this year. Net income fell to 320 million euros
($420 million), or 42 cents a share, from 493 million euros, or 68 cents, a year
earlier, Leverkusen-based Bayer said in a statement handed to reporters today.
That beat the median estimate of 195 million euros in a Bloomberg survey of nine
analysts. Sales rose to 7.78 billion euros.

- BAE Systems Plc: Europe’s biggest weapons maker will be awarded a 200 million
pound ($386 million) contract from the U.K. defense ministry in the next two
weeks to build the U.K.’s first war plane not requiring a pilot, the
London-based Times reported, without citing anyone.

- Corus Group Plc: Cia. Siderurgica Nacional SA’s bid for Corus may be
threatened by a complex due diligence process, the Sunday Express reported,
citing unidentified advisers to the company.

- Eni SpA: European Union regulators will fine the world’s fourth-largest oil
company and Dow Chemical Co. (DOW US), the largest U.S. chemical maker, for
fixing prices of ingredients in the rubber used in tires and shoes, four people
with knowledge of the probe said.

- LVMH Moet Hennessy Louis Vuitton SA: The world’s largest luxury-goods maker
may have its credit rating raised by Standard & Poor’s Ratings Services because
of the company’s improved financial outlook.