** MORNING WRAP **

** 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 HedgeFund 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.