gopalakrishna

Index Change Percent change

*DJIA 11370.69 +21.41 +0.19

*Nasdaq 2310.53 +30.42 +1.33

*S&P 500 1257.76 +5.22 +0.42

Nymex crude

for September $123.26 -$2.23

10 year U.S.

Treasury 4.10 percent

*Friday's close

STOCKS: Wall Street ended a volatile week with uneven gains Friday after better-than-expected economic data placated a market pummeled a day earlier by concerns about housing and the financial sector.

Financials drifted lower on continued worries about the health of balance sheets, while a surge in profits at Juniper Networks Inc. lifted technology stocks.

The Commerce Department reported that orders sent to factories for big-ticket manufactured goods such as cars, appliances and machinery rose by 0.8 percent in June, the strongest gain in four months and well ahead of Wall Street's expectations. But outside demand for defense equipment orders would have been up only modestly.

BONDS: Bond prices moved lower as investors shifted back into stocks.

OIL: Light, sweet crude for September delivery fell $2.23 to settle at $123.26 a barrel in on the Nymex. Earlier the contract dropped as far as $122.50, its lowest point since June 5.

FOREX: The dollar on Friday tumbled further against the euro, which bought $1.5699.

METALS: Precious metals rose Friday as a fresh drop in the dollar and speculation that crude oil's plunge may soon end fed safe-haven buying of gold, silver and copper.

Gold for August delivery rose $3.50 to settle at $926.80 an ounce on the New York Mercantile Exchange.

September silver rose 7.7 cents to settle at $17.375 an ounce on the Nymex, while September copper added 2.8 cents to settle at $3.605 an ounce.

EVENTS:

UNITED STATES

July Dallas Fed manufacturing survey

June Chicago Fed Midwest manufacturing index

ASIA SUMMARY: Stocks mixed; bonds lower

Index Change Percent change

Nikkei 225 13344.59 +9.83 +0.07 (0427 GMT)

S&P/ASX 200 4955.20 -15.3 -0.30 (0445 GMT)

Straits Times 2923.01 +0.10 0.00 (0147 GMT)

Hang Seng 22798.02 +57.31 +0.25 (0432 GMT)

Seoul Composite 1594.80 -3.13 -0.20 (0447 GMT)

BSE Sensex 14267.03 -7.91 -0.06 (0445 GMT)

usd-yen 108.00 (Intra-day)

10-year JGBs 1.575 percent (Intra-day)

Brent North Sea $123 (Intra-day)

crude for August

STOCKS: Asian stocks were mixed on Monday as financial sector uncertainty lingered ahead of a slew of company earnings.

Australian shares plunged 1.3 percent, led by Australia and New Zealand Banking Group, whose shares slumped as much as 13 percent after it said its earnings per share would likely fall as much as 25 percent because of costs associated with bad loans.

BONDS: Japanese government bond prices were lower on Monday, tracking declines in U.S. Treasuries,

but trading was subdued as investors largely stayed on the sidelines before the release of economic data and the two-year bond auction.

FOREX: The dollar rose to a one-month high above 108.00 yen on Monday, riding on the momentum gained from better-than-expected U.S. data on capital spending and home sales late last week that lifted some of the gloom over the economy.

OIL: Oil held steady and hovered at a seven-week low of about $123 a barrel on Monday, pausing from a decline that has knocked more than $23 off crude in two weeks, despite escalating tensions in Iran and Nigeria. EVENTS:

ASIA

Energy Resources of Australia Ltd. H1 earnings report

K-REIT Asia Q2 results

ONGC Q1 results

Kotak Mahindra Bank Q1 results

HDFC Bank Q1 results

GlaxoSmithKline Pharmaceuticals Q1 results

BPCL Q1 results

Hindalco Q1 results

Tata Tea Q1 results

L&T Q1 results

Bank of India Q1 results

Sterlite Industries Q1 results

EUROPE SUMMARY: Stocks mixed; metals up

Index Change Percent change

*FTSE 5352.60 -9.70 -0.18

*DAX 6436.71 -3.99 -0.06

*CAC 4377.18 +29.19 +0.67

pound-dollar $1.9893 (Intra-day)

euro-dollar $1.5680 (Intra-day)

Brent crude

(August) $126.69 +25 cents (Intra-day)

*Friday's close

STOCKS: U.K blue chips slipped into the red Friday after a raft of insurance firms endured a difficult session.

Paris shares ended higher as rising stocks on Wall Street triggered a rally, led by Compagnie de St-Gobain and Groupe Danone after satisfying first-half earnings.

German shares closed slightly lower as the financial sector was hit by a profit warning by reinsurer Munich Re, which offset the effect of higher trade on Wall Street and better-than-expected U.S. durable goods figures.

BONDS: European government bonds tracked their U.S. counterparts lower, reversing earlier gains as safe haven flows were unwound following better-than-expected data from the world's largest economy.

Risk appetite -- as gauged by equity markets -- improved markedly after both U.S. durable goods orders data and the Michigan consumer sentiment index showed rises, confounding expectations for falls.

In the United Kingdom, gilts were outperforming their European counterparts after more data pointed to the

increasing risk of a sharp downturn in the British economy.

GDP rose by 0.2 percent in the three months to the end of June from the previous quarter, down from the 0.3 percent recorded in the first three months of the year and the lowest reading since the first quarter of 2005.

FOREX: The U.S. dollar recovered earlier losses after a string of stronger than expected economic data.

The U.S. dollar recovered earlier losses after a string of stronger than expected economic data.

OIL: Oil prices rose slightly on Friday at the end of a week of sharp falls as concerns eased over tight supplies and strong demand for energy.

Brent North Sea crude for September delivery climbed by 25 cents to $126.69 in midday London trade.

METALS: Gold ticked up Friday after heavy losses so far this week on bargain hunting, as the dollar lost some strength and as oil prices recovered.

Elsewhere in precious metals, silver was up at $17.52 from $17.26 per ounce late Thursday. Platinum, meanwhile, rose to $1,735, while palladium eased to $384 from $385 per ounce.

Copper jumped Friday having hit a five week low the day before on bargain hunting, as the dollar remained weak and as oil prices jumped, which boosted sentiment.

EVENTS:

UNITED KINGDOM

Hometrack July house price survey

Ryanair Q1 results

Informa H1 results

Keller H1 results

Pearson H1 results

Reckitt Benckiser H1 results

Ryanair H1 results

WSP Group H1 results

3i Infrastructure AGM

Homeserve AGM

HSBC Infrastructure AGM

Northern Foods AGM

Randgold Resources EGM

Smiths Group EGM

Marston's trading statement

Northern Foods trading statement

BENELUX

Colruyt Q1 sales

TNT H1 results, conference call

CNP H1 results

GERMANY

July GfK Consumer Climate Index

GREECE

Hellenic Exchanges H1 results

ITALY

Ansaldo Q2 results

SCANDINAVIA

Finland July consumer confidence

Finland industry confidence

EASTERN EUROPE

Polish finance ministry offers up to 0.5 billion zlotys in 13-week T-bills at tender

Polish finance ministry offers up to 1 billion zlotys in 26-week T-bills at tender

EUROPEAN UNION/EURO ZONE

EU rules on merger between Mars, Wrigley

EU rules on joint venture between UPM's RUS Holding, B.R.I.S.T

TFN.newsdesk@thomson.com

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