** MORNING WRAP **

** US MARKETS **
Dow 0,07%; Nasdaq -0,21%; S&P -0,1%; Soxx 0,14%; Russel2k -0,34%; DJAIG 0,16%;
10yr Bond 0,01%; 10yr Yield 4,8%; Crude future 59,17; Gold 650,35

| Utilities 1,12%| Industrials -0,01%| Healthcare -0,03%| Technology -0,08%|
Financials -0,11%| ConsStaples -0,18%| Energy -0,2%| ConsDisc -0,29%| Telecom
-0,39%| Materials -0,41%

– Blackstone Raises Bid for Equity Office to $39 Billion to Fend Off Vornado – Las Vegas Sands Profit Climbs on Growth at Sands Macao, Venetian Resort – Harvard Fish Experiments Help Lead Novartis, Merck to New Diabetes Drugs – National Semiconductor Corp declined 32 cents, or 1.4 percent, in extended
trading. The company, whose chips extend battery life in mobile phones, cut its
fiscal third-quarter sales forecast. Sales will fall 14 percent to 15 percent
from the second quarter, compared with an earlier forecast of a drop of 8
percent to 11 percent, the company said. – With no economic reports scheduled, corporate earnings will again garner
investors’ attention on Tuesday. Some notable companies expected to release
results before the bell include Avon Products (AVP), Duke Energy (DUK),
IAC/Interactive (IACI), Tyco Intl. (TYC), and William Wrigley Jr. Co. (WWY).
Meanwhile, Cheesecake Factory (CAKE), Cisco Systems (CSCO), and Computer
Sciences (CSC) are among the long list of the companies slated to report after
the close.

** ASIAN MARKETS **
Nikkei 0,36%; Kospi 0,75%; HSI 0,63%; Taiwan 1,19%; China 0,94%; India 0%;
Thailand -0,19%; Australia 0,75%

– Toyota Third-Quarter Profit Rises 7.3 Percent on International Sales, Yen – Asian Stocks Approach Record on Earnings Outlook; Toyota Gains on Profit – Indonesia Cuts Benchmark Interest Rate to 17-Month Low as Inflation Slows – Bank of Japan Rate-Increase Prospects Revived on U.S. Services Data, Oil – Macquarie Bank Shares Decline After Moss Says Earnings Growth Will Falter – Japan Airlines Posts Fourth Loss in Five Quarters as Jet Fuel Costs Rise – Oil Rises as Forecasts of Below-Normal U.S. Temperatures Spur Fuel Demand – Copper Prices Reduce Losses in Shanghai as Red Kite Concern May Be Fading – Gold Rises in Asian Trading on Concern Oil’s Advance Will Spur Inflation – China to Set Up Asia’s First Carbon-Credit Exchange, Brokerages in Beijing

** EUROPE: IN PLAY TODAY **

– Yen Volatility Versus British Pound Reaches Two-Year High Before G-7 Meets – France Telecom SA: The French mobile-phone market expanded 7.5 percent to 51.7 million users in 2006, the country’s telecommunications regulator Arcep said in a report, as mobile-phone companies gained subscribers. – MAN AG: Europe’s third-biggest truckmaker intends to release fourth-quarter
earnings. The company will probably say quarterly profit increased 6 percent as
customers expanded in eastern Europe, according to analysts surveyed by
Bloomberg News. – Vinci SA: The world’s biggest construction company led a group of companies
that was awarded a contract by the Greek government to build and operate a new
highway there. The 30-year contract involves 2.1 billion euros of construction
work and running the existing highway between Athens and Corinth.