** MORNING WRAP **
December 7th, 2006** US MARKETS **
Dow -0,18%; Nasdaq -0,27%; S&P -0,13%; Soxx 0,35%; Russel2k -0,19%; DJAIG
-1,45%; 10yr Bond 0%; 10yr Yield 4,48%; Crude future 62,42; Gold 629,55
| Telecom 0,37%| Financials 0,22%| Healthcare 0,13%| ConsStaples 0,1%| Materials
-0,08%| ConsDisc -0,1%| Industrials -0,23%| Technology -0,52%| Utilities -0,6%|
Energy -0,76%
- Lone Star’s Purchase of Korea Exchange Bank Was Illegal, Prosecutors Say
- Home Depot Probe Uncovers 19 Years of `Routinely’ Backdating Stock Options
- Bernanke May Clash With Incoming Democratic Congress on Wages, Inflation
- GM Will Cut Production at Three SUV Factories in January Amid Slack Demand
- Boeing Wins $5 Billion Order From Lufthansa for New 747 in Blow to Airbus
- Weekly Jobless Claims (consensus 325K) are due out at 14:30 CET and October
Consumer Credit figures are due out at 21:00 CET.
** ASIAN MARKETS **
Nikkei 0,62%; Kospi -0,24%; HSI -0,18%; Taiwan -0,09%; China 1,53%; India
-0,02%; Thailand 0,29%; Australia -0,06%
- Asian Stocks Climb to Six-Month High, Led by Canon and Honda; BHP Declines
- Lone Star’s Purchase of Korea Exchange Bank Was Illegal, Prosecutors Say
- Elpida, Powerchip Plan $14 Billion Plant to Be Largest Memory-Chip Maker
- Asian Currencies Advance After China Central Bank Says Dollar May Decline
- Indonesia Cuts Key Interest Rate to 14-Month Low to Spur Consumer Spending
- Malaysia Industrial Output Unexpectedly Drops for First Time in 20 Months
- Gold Falls in Asia as Traders’ Charts Indicate Further Declines Possible
- Shanghai Copper Futures Drop on Signs U.S. Housing Demand May Be Slowing
- China’s Mine Deaths Reach Five-Month High as Owners Resist Closure Orders
** EUROPE: IN PLAY TODAY **
- The ECB’s governing council will raise its benchmark rate by a quarter-point
to 3.5 percent at 13:45 CET. in Frankfurt today, according to all 41 economists
surveyed by Bloomberg News.
- Bouygues SA, the world’s second-biggest construction company and the operator
of France’s No. 3 mobile-phone network, said third-quarter profit climbed 36
percent on roadbuilding contracts and French demand for housing. Net income
advanced to 358 million euros ($476 million) from 264 million euros a year
earlier, the Paris-based company said. Profit exceeded the 342 million-euro
median estimate from a survey of 12 analysts by Bloomberg News.
- Oil Rises on Concern Heating Demand to Rise as OPEC Considers Output Cuts.
- Areva SA: The world’s biggest maker of nuclear reactors won a contract to
modernize the Moscow electricity network. The Paris-based company said the deal
is worth “several tens of millions of euros.”
- Deutsche Lufthansa AG: The airline’s freight unit expects to keep pace with
worldwide cargo growth of about 6 percent next year, said Andreas Otto, the
division’s board member in charge of sales. Separately, Europe’s second-biggest
airline said it ordered 20 of the planned 747-8 passenger planes from Boeing
Co., worth $5 billion at list prices.
- Gallaher Group Plc: The maker of Benson & Hedges cigarettes in Europe said it
received a takeover approach. The talks are preliminary and may not lead to an
offer, the Weybridge, England-based company said in a statement.