** MORNING WRAP **

** US MARKETS **
Dow -0,45%; Nasdaq -1,16%; S&P -0,71%; Soxx -1,38%; Russel2k -1,14%; DJAIG
0,62%; 10yr Bond -0,03%; 10yr Yield 4,78%

| Utilities 0,08%| ConsStaples -0,13%| Materials -0,28%| Energy -0,44%|
Healthcare -0,46%| Industrials -0,5%| ConsDisc -0,92%| Telecom -0,92%|
Financials -0,97%| Technology -1,25%

– GE, HP, Lilly Tax Breaks on Overseas Profits Eyed for Repeal by Democrats – Carlyle, Independent Agree to Buy APN After Raising Bid to $1.45 Billion – Yen Falls to Record Low Versus Euro as G-7 Ministers Disagree on Decline – Japanese Investors, Biggest Sellers of Treasuries, Becoming Biggest Buyers

** ASIAN MARKETS **
Nikkei closed; Kospi -0,94%; HSI -0,26%; Taiwan -1,06%; India -1,9%; Thailand
-0,1%; Australia -0,07%

– China Posts $15.9 Billion Trade Surplus, Adding Pressure for Rise in Yuan – Asian Stocks Snap Seven-Day Advance, Led by Samsung on Chip-Price Concerns – Vodafone Agrees to Buy Control of India’s Hutchison Essar for $11 Billion – Qantas Urges Shareholders to Accept $8.6 Billion Buyout by Macquarie Bank – Commonwealth Sells $4.6 Billion of Australian Dollar Mortgage-Backed Bonds – China’s Inflation Probably Slowed Last Month, Remaining Near Two-Year High – Shanghai Copper Rises on China Buying, Risk to Peru Supplies from Dispute – Bullion Trades Near Eight-Month in Asia on Supply Concern Before Holiday

** EUROPE: IN PLAY TODAY **

– MyTravel May Announce Merger With Thomas Cook Today, Financial Times Says – Carrefour SA: Europe’s largest retailer is ``confident’’ about the start of
2007 and expects to gain market share for a third year, Chief Executive Officer
Jose Luis Duran said in an interview with newspaper Investir. – Endemol NV: Telefonica SA, Spain’s largest phone company, may attract bids for its stake in Endemol from Mediaset SpA and the management of the Dutch
television producer, El Economista said on Feb. 10, citing people close to the
situation. Telefonica aims to conclude the sale between July and September,
and John de Mol, the founder of Endemol, may help Mediaset in its bid, the
newspaper said. – Ericsson AB: The world’s biggest maker of wireless networks holds a
presentation at the 3GSM convention in Barcelona, Spain. Nokia will do so as
well together with Siemens. – Infineon Technologies AG: Several of the world’s largest private equity firms are courting Infineon Technologies AG, said Financial Times Deutschland, citing unidentified private equity and banking industry executives and an Infineon
manager. – Royal Dutch Shell Plc: The chief financial officer of Europe’s largest oil
company by market value, Peter Voser,said a rise in the price of oil is likely,
SonntagsBlick reported. Rising demand and political developments in areas such
as the Middle East mean oil prices will probably increase ``over the
long-term,’’ Voser told the Zurich-based newspaper in an interview published
today. – TUI AG: Europe’s largest travel company and the owner of the Hapag-Lloyd
shipping line had its credit ratings cut by Moody’s Investors Service, which
cited concern about expansion plans. – Earnings of note: Petroplus & Statoil