** MORNING WRAP **

** US MARKETS **
Dow -0,06%; Nasdaq 0,23%; S&P -0,05%; Soxx 0,73%; Russel2k 0,17%; DJAIG -0,76%;
10yr Bond 0,01%; 10yr Yield 4,66%; Crude future 55,58; Gold 612,35

| ConsDisc 0,52%| Technology 0,48%| ConsStaples 0,13%| Utilities 0,12%|
Industrials 0,06%| Materials -0,03%| Healthcare -0,15%| Financials -0,16%|
Energy -1,08%| Telecom -1,28%

– Goldman, CanWest Global May Buy Alliance Atlantis, Person Familiar Says – Oil Trades Near 18-Month Low After Falling on Mild U.S. Weather, Supplies – Apple Inc. Chief Executive Officer Steve Jobs is targeting the company’s new
iPhone at users of Research In Motion Ltd.’s BlackBerry and Palm Inc.’s Treo.
The iPhone released by Jobs yesterday in San Francisco combines Apple’s iPod
music and video player with a mobile phone and wireless Internet access for
e-mail, the core function of the BlackBerry and Treo. – Alcoa Inc. rose $1.38, or 4.8 percent, to $29.90 in trading after the official close of U.S. exchanges. The world’s biggest aluminum maker said fourth-quarter
profit excluding certain items was 74 cents a share. That topped the average 66
cent estimate of 16 analysts surveyed by Bloomberg. – Shaw Group (SGR) is scheduled to report before the market open, while
Genentech (DNA) and Sapient (SAPE) will report after the close. Investors will
also have some economic data to digest; Treasury Balance will be out at 14:30
CET, followed by Wholesale inventories at 16:00 CET.

** ASIAN MARKETS **
Nikkei -1,71%; Kospi -1,35%; HSI -1,84%; Taiwan -1,17%; China -0,15%; India
-0,62%; Thailand -0,39%; Australia -1,11%

– Consumer Confidence in Australia Soars to 17-Month High on Jobs Growth – Philippines May Repay Debt Ahead of Schedule as $1 Billion Sale Completed – Google Should Stop Chinese Partner Infringing Copyright, Movie Group Says – Asian Stocks Fall Most in Seven Weeks, Led by Inpex and BHP; Samsung Drops – Mizuho to Merge Brokerage Into Shinko, Surpass Nikko Cordial in Revenue – Nintendo Raises Profit Forecast 20 Percent on DS Handheld, Wii Game Titles – China Copper Imports May Rebound as Users Rebuild Stockpiles on Price Fall – South Korea Probably Will Keep Interest Rate Unchanged at Five-Year High – Thailand’s Stocks, Asia’s Cheapest, to Lag Behind Region, Citigroup Says

** EUROPE: IN PLAY TODAY **- European Phone Companies’ Credit Outlook Remains Stable, Moody’s Reports

– Deutsche Postbank AG: Germany’s biggest consumer bank by clients aims to add 1 million new customers and boost the volume of mortgage lending by 10 percent
this year, Chief Executive Officer Wulf von Schimmelmann said in an interview. – Endesa SA: Spain’s largest power company may be active as the country’s
supreme court meets to decide whether to lift suspensions which are blocking
takeover bids for the utility by Gas Natural SDG SA and Germany’s E.ON AG.