** MORNING WRAP **
** US MARKETS **
Dow -0,04%; Nasdaq -0,02%; S&P 0,08%; Soxx 0,55%; Russel2k 0,25%; DJAIG 1,16%;
10yr Bond -0,06%; 10yr Yield 4,47%; Crude future 62,7; Gold 647,3
| Energy 0,82%| Telecom 0,7%| Healthcare 0,38%| Utilities 0,28%| Materials
0,16%| ConsDisc 0,03%| Technology 0,01%| Industrials -0,01%| Financials -0,25%|
ConsStaples -0,35%
- Pimco’s Gross Says Corporate Bond Rally, Driven by Derivatives, Is Over
- The nationwide purchasing managers report to be issued tomorrow at 16:00 CET
by the Institute for Supply Management will help set the tone for the trading
day. October Construction Spending will also be out, while monthly auto sales
will be released throughout the day.
** ASIAN MARKETS **
Nikkei 0,29%; Kospi 0,15%; HSI -0,19%; Taiwan 0,61%; China 0,15%; India 0,83%;
Thailand 0,81%; Australia -0,85%
- Japan’s Inflation Unexpectedly Slows to 0.1 Percent as Oil Prices Decline
- Boeing to Bid For $15 Billion of Indian Defense Contracts Over Next Decade
- Asian Stocks: Japan Gains, Led by DoCoMo and Sony; Australia’s CSL Slides
- Nissan Leads Drop as Japan’s Vehicle Sales Fall for 17th Straight Month
- Australian and New Zealand Dollars Gain; Investors Lured by Yield Premium
- South Korea’s Third-Quarter Economic Growth Revised Higher to 1.1 Percent
- Pakistan Raises $813 Million From Oil & Gas Development Share Offering
- Hong Kong’s Lower Rates, Rising Wages May Spur a Property Market Bonanza
** EUROPE: IN PLAY TODAY **
- U.K. Consumer Bankruptcies Soar as Loans, Card Debt Top $6,800 a Person
- Royal Ahold NV, the Dutch owner of the U.S. Stop & Shop and Giant supermarket
chains, reported a third-quarter profit after costs for settling a lawsuit
weren’t repeated. Net income was 210 million euros ($279 million) in the 12
weeks ended Oct. 8, compared with a loss of 236 million pounds in the comparable
period last year, the company said in an e- mailed statement. That topped the
188 million-euro median estimate of 10 analysts surveyed by Bloomberg.
- ThyssenKrupp AG, Germany’s largest steelmaker, said fiscal 2006 profit before
tax climbed 56 percent after growing demand for stainless steel boosted sales.
Pretax profit rose to 2.62 billion euros ($3.47 million) in the year ended Sept.
30 from 1.68 billion euros, the company said today in a faxed statement. It
didn’t give a net income figure. Sales rose to 47.1 billion euros from 42.9
billion euros.
- Nokia Oyj, the world’s biggest cell-phone maker, expects the number of
mobile-phone users in China to rise 11 percent to more than 500 million in 2007,
boosted by rural customers in the world’s largest market. The country will add a
further 160 million users from next year until 2010, Espoo, Finland-based
Nokiasaid in a statement issued in Beijing today. China had 449 million users as
of October, more than the populations of Japan and the U.S. combined.