** MORNING WRAP **
December 6th, 2006** US MARKETS **
Dow 0,39%; Nasdaq 0,16%; S&P 0,4%; Soxx 0,77%; Russel2k 0,2%; DJAIG 0,46%; 10yr
Bond -0,04%; 10yr Yield 4,44%; Crude future 62,55; Gold 639,65
| Energy 0,33%| Utilities 0,22%| Healthcare 0,33%| ConsDisc 0,82%| Telecom 0,3%|
ConsStaples 0,67%| Financials 0,46%| Industrials 0,27%| Materials 0,26%|
Technology 0,15%
- Treasuries May Fall on Speculation Sustained Growth to Delay Fed Rate Cut
- Altera Corp.: The second-biggest maker of programmable semiconductors said
fourth-quarter sales will fall more than previously predicted because of
declining orders for components used in wireless networks. Revenue will drop 5
percent to 7 percent from the third quarter, the company said. Altera earlier
predicted sales would fall 2 percent to 5 percent.
- Friday’s jobs report remains the main event on the data front, but some may
look to a 14:30 CET Wednesday release of crude inventories data for the period
ending Dec. 1 for a read on the energy markets now that cold temperatures have
hit.
** ASIAN MARKETS **
Nikkei 0,65%; Kospi -0,48%; HSI 0,48%; Taiwan 1,1%; China -1,21%; India 0,02%;
Thailand 0,13%; Australia 0,73%
- Fairfax to Buy Rural Press for $2.1 Billion, Reducing Own Takeover Threat
- Australian Economy Grows at Slowest Pace in Three Years on Investment Drop
- Asian Stocks Climb to Six-Month High as BHP Billiton, Jiangxi Copper Gain
- Australian Central Bank Keeps Key Interest Rate Unchanged at 6.25 Percent
- Japan’s Leading Index Rebounds to 50 Percent; Economy to Keep Expanding
- Bridgestone Shares Rise on Agreement to Buy U.S. Tire Retreader Bandag
- South Korea Will Probably Keep Interest Rate at Five-Year-High 4.5 Percent
- China Seeks Lower Natural Gas Prices as Russia, Kazakhstan Target Sales
** EUROPE IN PLAY TODAY **
- Deutsche Post AG: The postal service’s DHL Express unit aims for a 10 percent
to 12 percent return on sales sometime after 2009, as the unit of Europe’s
biggest postal service integrates more than 40 acquisitions made since 1997.
- Gaz de France SA: OAO Gazprom Chief Executive Officer Alexei Miller and Gaz de
France Chief Executive Officer Jean-Francois Cirelli met in Moscow to discuss
extending a long term contract for fuel supplies to France, the Russian company
said in an e-mailed statement.
- Porsche AG, maker of the Cayenne sport-utility vehicle, said revenue in the
first four months of its fiscal year increased 0.7 percent on demand for new 911
and Cayman sports cars. Sales rose to 2.05 billion euros ($2.7 billion), Porsche
said in a statement on the DGAP news wire. Vehicle sales in the four
months ended Nov. 30 increased 0.4 percent to 25,850 units. The company raised
fiscal 2006 profit and revenue to records with the new Cayman sports car and
the $122,900 turbo-charged 911, the model’s most expensive version. The company
is developing a four-door car called the Panamera to compete with
DaimlerChrysler AG’s Mercedes CLS and Fiat SpA’s Maserati Quattroporte.
Porsche “remains moderately confident” about business in the current year, the
company said.