4:00PM NY – 10:00PM Germany

Yield on 10-year U.S. bond closed at 4.580% and the 30-year bond closed at 4.688%.

Gold decreased $1.60 to close at $628.50 a troy ounce, silver declined 5.5 cents to end at $13.06 a troy ounce and copper lost 22 cents to close at $3.0885 per lb.

Oil decreased $1.56 to close at $59.60 a barrel and heating oil lost 4.46 cents to finish at $1.771 cents a gallon. Gasoline decreased 4.6 cents to end at $1.5550 cents a gallon. Natural gas declined 16.8 cents to close at $7.787 per mBtu.

Asian markets closed mostly lower led by Japan with a decline of 0.53%, Thailand with a decrease of 0.46% and Hong Kong with a loss of 0.33%. The advancers were led by India with an increase of 1.11%, Philippines with a gain of 0.73% and Taiwan with an advance of 0.32%. Asian markets finished mostly lower with Japan''s stocks declining after weaker-than-expected data on machinery orders raised concerns for the economy, while India was a leader with a new record high.

European markets ended lower led by a decline of 0.77% in Spain, a decrease of 0.37% in U.K. and a loss of 0.32% in Switzerland. The only advancer was Belgium with an increase of 0.05%. European markets were lower, with continued weakness from pharmaceutical stocks such as offsetting gains in chemical firms and commodity-related shares.

Latin America markets closed lower led by Canada with a decline of 0.73%, Argentina with a loss of 0.41% and Brazil with a decrease of 0.23%. There were no advancers. The markets closed lower on several inflation reports released, and rising price pressures in South America''s largest economy.

1:00PM European markets closed little changed.
European stock markets closed little changed Friday, reflecting continuous weakness among pharmaceutical stocks, sparked by the fact that the Democrats took over the U.S. Congress. Gains in chemical firms such as Rhodia and commodity-related shares helped limit the downside move. London FTSE 100 dropped 0.37%, dragged by GlaxoSmithKline and AstraZeneca, down 1.8% each. Peers Novartis and Roche also suffered weakness. The French CAC 40 ended flat at 5,447.50 as investors digested data showing unexpectedly flat quarter-on-quarter GDP growth. Of the companies in focus, chemicals group Rhodia rose 2.7% as it swung to a net profit, while luxury-goods retailer Hermes dropped 4.7% after recent gains. Shares of Euronext jumped 6.5% boosted by the shares of its agreed merger partner, the NYSE Group. The German DAX 300 ended flat at 6,357.77, reflecting gains by chemicals company BASF and losses for Deutsche Telekom which fell 2.5% on downgrade by UBS.

Crude oil retreated as investors turned to profit taking and the IEA cut its 2006 global oil outlook. Crude oil December contract fell $1.06 to $60.10 a barrel. Heating oil slipped 3 cents to $1.7161 a gallon, while gasoline lost 3 cents to $1.5695. Natural gas futures slipped 22 cents to $7.735 per 1,000 cubic feet. The U.S. dollar dropped against its rival currencies. The euro was quoted at $1.2858, up from $1.2824. The dollar bought 117.43 yen, down from 117.97. The British pound stood at $1.9133, up from $1.9055. European gold prices advanced. In London, gold traded at $628.20 per troy ounce, up from $625.10. In Zurich, the precious metal traded at $628.35 per ounce, up from $624.33. Silver closed at $12.77, up from $12.75.


11:30AM Stocks turned mixed. Disney weighed on the Dow.
Stock markets turned mixed in quiet trading Friday as AIG''s quarterly results and a multibillion-dollar contract for Bioeing offset losses for Walt Disney''s shares. A pullback by oil prices also offered some support for stocks. Crude-oil futures fell Friday morning after the IEA cut its 2006 global oil-demand growth forecast on lower Q3 demand from China and some industrialized nations.

Walt Disney (DIS: chart) dropped 3% to stand out as the most notable decliner on the Dow. The media giant said its Q4 net income more than doubled, boosted by strong sales and growth in its amusement parks and media networks. Although the results came in above estimates, analysts said that some investors expected even better results after brokerages at the last minute unofficially raised their earnings estimates. In addition, the company said it plans to increase capital spending in 2007. Again in the Dow, Boeing (BA: chart) rose 1.6% after the Air Force placed an order with the aerospace manufacturer to provide U.S. military helicopters for up to $10 billion. Further support was provided by American International Group Inc. (AIG: chart) which rose 2.3% after theinsurer reported surging Q3 net income.

By sector, airlines, brokers, and computer software stocks were among the gainers. Strength also emerged in the tobacco sector, led by Alliance One (AOI: chart). The tobacco company climbed 7.6% after reporting Q2 profit versus a year-ago loss. The company also raised its full-year earnings guidance. Energy and resource stocks traded mostly down, while utilities and financials generally moved higher. Gold stocks fell along with the precious metals. Additionally, bargain hunting contributed to some weakness among health insurance stocks. In deal news, drug developer Tanox (TNOX: chart) jumped 44% after it agreed to be acquired by pharmaceutical company Genentech Inc. for $919 million.

In late morning trading, the Dow Jones industrial average fell 12.72, or 0.11%, to 12,090.58. The Standard & Poor''s 500 index was down 1.09, or 0.08%, at 1,377.24, and the Nasdaq composite index was up 2.40, or 0.10%, at 2,378.41. Bonds rose, with the yield on the benchmark 10-year Treasury note falling to 4.59% from 4.63% late Thursday.


10:30AM The Sensex gained 145 points supported by Reliance, banks.
The Sensex on BSE finished 145.42 points, or 1.11%, higher to end at 13,295.36. The market-breadth remained strong. As 1,274 shares advanced on BSE, 1,255 declined and 88 stocks were unchanged.. From the Sensex stocks, 23 advanced, while the rest declined. The turnover on BSE was Rs 4,541 crore, higher than Rs 4,263 crore on Thursday. The turnover on NSE was Rs 8,232.44 crore, higher than Rs 7,837.47 crore on Thursday.

Economic news

Industrial production in India grew 11.4% in September from a year earlier on strong manufacturing and electricity output, government data showed on Friday. Output had risen at 9.9% in August. Manufacturing production advanced 12% in September from a year earlier, compared with 11.1% in August.

Annual wholesale price index of slipped to 5.09% (as on October 28) from the previous week 5.41% due to a fall in the prices of manufactured products.

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