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** US & ASIAN WRAP **

** US MARKETS **
Dow 0,42%; Nasdaq 0,23%; S&P 0,25%; Soxx -0,95%; Russel2k -0,64%; DJAIG -2,96%;
10yr Bond -0,01%; 10yr Yield 5,15%; Crude future 69,1; Gold 683,89

| Healthcare 1,4%| ConsStaples 1,21%| Financials 0,6%| Utilities 0,49%| Telecom
0,33%| Industrials 0,19%| ConsDisc 0,17%| Technology -0,09%| Materials -1,21%|
Energy -1,71%

** US HEADLINES ** – Metal Rally May Resume as SellOff Fails to Dissuade [...]

** EU WRAP **

** EUROPEAN MARKETS **
S&P future 0,04%; Bund future 0%; Crude future 72,76; €/$ 1,28585; Gold 717,55

** IN PLAY TODAY **- Arcelor SA said first-quarter profit dropped 20 percent as costs increased and
steel prices fell from a record. Demand and prices are now improving, the
company said. Net income fell to 761 million euros ($978 million), or [...]

** US & ASIAN WRAP **

** US MARKETS **
Dow 1,22%; Nasdaq -2,07%; S&P -1,28%; Soxx -2,28%; Russel2k -2,38%; DJAIG
1,97%; 10yr Bond -0,03%; 10yr Yield 5,14%; Crude future 72,76; Gold 717,55

| Healthcare -0,38%| Industrials -0,82%| ConsDisc -0,97%| Telecom -0,99%|
Utilities -1%| ConsStaples -1,11%| Energy -1,14%| Materials -1,47%| Financials
-1,57%| Technology -2,39%** US HEADLINES **

– U.S. Trade Deficit Probably Widened to $67 Billion [...]

** EU WRAP **

** EUROPEAN MARKETS **
S&P future 0,02%; Bund future 0,21%; Crude future 72,43; €/$ 1,2737; Gold
711,19

** IN PLAY TODAY ** EDF reported a 22% increase in 1Q revenue to E17.6bln on higher gas and
electricity prices.

– Pernod Ricard expects FY 05/06 EPS to be at the high end of its E7.25-7.6
forecast range. 3Q sales rose 69% to [...]

** US & ASIAN WRAP **

** US MARKETS **
Dow 0,02%; Nasdaq 0,75%; S&P -0,17%; Soxx -2,49%; Russel2k -0,61%; DJAIG 1,71%;
10yr Bond -0,01%; 10yr Yield 5,13%; Crude future 72,43; Gold 711,19

| Utilities 0,58%| Energy 0,51%| ConsDisc 0,07%| Financials 0,03%| Industrials
-0,06%| Healthcare -0,11%| Materials -0,14%| ConsStaples -0,37%| Telecom -0,73%|
Technology -1,12%** US HEADLINES ** – Bernanke, Facing `Credibility Test,’ Hangs June Rate Move on [...]

** EU WRAP **

** EUROPEAN MARKETS **
S&P future 0,12%; Bund future -0,13%; Crude future 70,61; €/$ 1,27675; Gold
702,24

** HEADLINES **

– Gold Reaches 25Year High, Oil Exceeds $70 on Iran Nuclear Dispute Concern – Credit Suisse to Pay Enron $90 Million to Resolve Bankruptcy-Related Case – Deutsche Bank Hires Citigroup’s Murai to Expand in High-Yield Debt in Asia – French Industrial [...]

** US & ASIAN WRAP **

** US MARKETS **

Dow 0,48%; Nasdaq 0,29%; S&P 0,04%; Soxx -1,02%; Russel2k -0,11%; DJAIG 1,55%;
10yr Bond -0,07%; 10yr Yield 5,13%; Crude future 70,61; Gold 702,24

| Materials 0,82%| Energy 0,7%| ConsDisc 0,31%| ConsStaples 0,26%| Financials
0,17%| Industrials 0,17%| Telecom 0,1%| Technology -0,5%| Healthcare -0,61%|
Utilities -0,82%

** US HEADLINES ** Fed’s Campaign Succeeds in Lifting Borrowing Costs, Fails to [...]

** US & ASIAN WRAP **

** US MARKETS **
Dow 0.06%; Nasdaq 0.1%; S&P 0.08%; Soxx -0.67%; Russel2k -0.03%; DJAIG -0.43%;
10yr Bond -0.01%; 10yr Yield 5.12%; Crude future 69.96; Gold 681.07

| Telecom 0.62%| ConsStaples 0.56%| Materials 0.35%| ConsDisc 0.07%| Technology
0.04%| Healthcare -0.04%| Industrials -0.18%| Energy -0.36%| Financials -0.44%|
Utilities -0.66%

** US HEADLINES ** – JPMorgan’s Michael Barakos Buys Large Caps as Smaller Stocks [...]

** EU WRAP **

** EUROPEAN MARKETS **
S&P future 0.02%; Bund future 0.05%; Crude future 70.29; €/$ 1.269385; Gold
678.75

** HEADLINES ** – EU Finance Chiefs Say Economy Can Withstand Rising Rates, Record Oil Price – Euro Heads for Fourth Week of Gains as ECB Likely to Raise Interest Rates – SNS Reaal Plans to Raise as Much as $1.65 Billion, Challenge ING, [...]

** US & ASIAN WRAP **

** US MARKETS **
Dow 0.34%; Nasdaq 0.87%; S&P 0.34%; Soxx 1.3%; Russel2k 0.91%; DJAIG 0.35%; 10yr
Bond 0.01%; 10yr Yield 5.15%; Crude future 70.29; Gold 678.75

| Industrials 1.04%| Materials 0.99%| Technology 0.6%| ConsDisc 0.57%| Utilities
0.25%| Healthcare 0.25%| Financials 0.22%| Telecom 0.09%| ConsStaples 0.08%|
Energy -0.64%

** HEADLINES **

– Crude Oil May Fall as U.S. Refiners Bolster Gasoline [...]