Gold

S&P &Futures (Click for latest)

Hang Seng -11

Nikkei -4

News Headlines:    US:  late-afternoon selling knocked the major averages well off session highs

The FTSE 100 index is set to open up to 25 points lower but a big day of results from the United States and a speech from Chairman Alan Greenspan could ignite the market later. A survey shows that growth in retail sales rebounded in June helped by the warm weather.

The commercial property market has slumped further in the second quarter of this year but demand is declining at its slowest pace for over a year

Publicis has sought to quell persistent speculation it is plotting to derail a takeover of UK advertising firm Cordiant

McCarthy Stone: speculation that housebuilder Persimmon has approached the board about a possible share exchange offer.

Reuters Group expect the firm to defy the market's worst fears when it reports half-year results next week

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Tue 14th	Reckitt Benckiser Trading StatementBritish Airways (AGM), Premier Oil (AGM), SSL International (AGM) 08.55  BOEs King & Lomax Testify to Parliamentary Treasury Committee ope: Philips (Q2) 09.30  June RPIX y/y 3.0% exp.	Intel (Q2), Motorola (Q2) 13.00 US July Empire State Manufacturing Index 20.65 exp. 13.30 US June Advance Retail Sales 0.4% exp. 15.00 US Greenspan Testimony to Congress	10.00  July German ZEW Index 25.0 exp.
Good Trading!   David@FTSEDOW.com    www.FTSEDOW.com            Pivot Calculator