Gold

S&P &Futures (Click for latest)

Hang Seng +120

Nikkei +122

News Headlines:    Big gains overnight on Far East stocks and strong US futures ensure a strong opening for the FTSE & European stocks: Munich Re deliver much worse loss than expected for the first quarter after a 1 Billion Euro write-down: Oil prices may decline 15% in the second half as Iraq oil returns to the market:  Many UK companies announced they bought back large quantities of shares for cancellation on Friday: German retail sales rise for the first month in 3:  Data shows that semiconductor sales could possibly on the rise:

Courts:

AZN: Bought 250,000 shares Friday evening for cancellation.

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Mon 2nd June Reports / Data	Christian Salvesen (F) 19m exp.Acal (F), Courts (F), Dawson Holdings (I), Ryanair (F) 09.30 May M0 Money Supply y/y 1.9% exp. 09.30 Apr Net Consumer Credit 1.7bn exp. 09.30 May CIPS Manufacturing PMI 48.8 exp.	15.00 May Manufacturing ISM 47.0 exp. 15.00 Apr Construction Spending 0.1% exp.	Munich Re (Q1) 08.55 German May Manufacturing PMI 46.8 exp. 09.00 May Manufacturing PMI 48.2 exp. 11.00 May Economic Confidence 98.0 exp. 11.00 May Flash CPI y/y 1.9% exp.
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