** MORNING WRAP **
November 29th, 2006** US MARKETS **
Dow 0,12%; Nasdaq 0,28%; S&P 0,35%; Soxx 0,13%; Russel2k 0,35%; DJAIG -0,11%;
10yr Bond -0,01%; 10yr Yield 4,51%; Crude future 61,1; Gold 640,1
| Energy 1,89%| Utilities 0,6%| Technology 0,46%| ConsStaples 0,45%| Healthcare
0,4%| Telecom 0,33%| Materials 0,12%| Financials 0,07%| ConsDisc -0,19%|
Industrials -0,27%
- Bernanke Watches Rising Cost of Labor for Signs Inflation Will Accelerate
- JPMorgan Sold Amaranth Trades to Citadel for $725 Million After 10 Days
- Citadel Investment Says Its Hedge-Fund Earnings Increased Fivefold in 2006
- 3Com Corp. fell 17 cents, or 3.8 percent, to $4.32 in extended trading
yesterday. The maker of computer-networking equipment agreed to buy Huawei
Technologies Co.’s 49 percent stake in their profitable Chinese venture for $882
million to gain full control of the business.
** ASIAN MARKETS **
Nikkei 1,39%; Kospi 0,78%; HSI 0,7%; Taiwan 0,39%; China 0,94%; India 0,41%;
Thailand 1,27%; Australia 1,21%
- Japan’s Industrial Production Unexpectedly Rises on Auto and Chip Output
- Rinker Group Rejects Cemex’s $11.7 Billion Takeover Bid as `Far Too Low’
- AWB Plans to Split Into Two, Giving Wheat Export Monopoly to Grain Growers
- Asian Stocks Rise to Six-Month High on Japan Production, Bernanke Comments
- Sime Darby, Golden, Guthrie Climb in Malaysia on $8.7 Billion Merger Offer
- Zhaojin Mining Share Offering Closes Early on Surge in Demand, People Say
- South Korea’s Factory Production Unexpectedly Rises on Chips, Phones, PCs
- China Coal Is Seeking to Raise Up to $1.69 Billion in Offering, People Say
- Australia Plans to Add Merck’s Cervical Cancer Vaccine to National Program
** EUROPE IN PLAY TODAY **
- Nestle to Buy Green’s Foods for $107 Million, Adding Supercoat Pet Foods
- Oil Trades Near Two-Week High as Colder U.S. Weather Signals Rising Demand
- Iberdrola to Buy Scottish Power for $22.5 Billion to Grow in U.S., U.K.
- Barclays Plc, the U.K.’s third-largest bank by assets, said credit-card
defaults will limit this year’s profit growth. Third-quarter loan writedowns at
the Barclaycard credit division increased at the same rate as the first half,
the London-based company said today in a statement. Total pretax profit for
the full year will rise about 32 percent from 2005 to 6.99 billion pounds ($13.6
billion), in line with the average estimate of 23 analysts, Barclays said.
- Corus Group Plc: The UK’s largest steelmaker is scheduled to report
third-quarter results. The company reported net income of 50 million pounds on
sales of 2.38 billion pounds in the year-earlier period.
- Siemens AG: The engineering company, which last week said it will
“mercilessly” clear up any potential irregularities following an embezzlement
probe, said it suspended several staff on “substantiated suspicions” that they
are involved.
- Volkswagen AG: Europe’s largest Carmaker said it may build a new car smaller
than the best-selling Golf at its Brussels factory.