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News Headlines:    The Nasdaq managed to break its six-session losing streak to end the day higher Monday, while gains in the broader market were muted ahead of the Federal Reserve meeting on interest rates Tuesday.

FTSE 100 is set to open almost flat.  Investors wait for final U.S. marketing clearance for AstraZeneca cholesterol drug, Crestor. Investors are also waiting on the Federal Reserve's decision on interest rates due at around 1800 GMT. BSKYB reported profits well in front of market expectations with a full-year underlying pre-tax profit of 371 million pounds and said it had added 133,000 subscribers in the fourth quarter.BT announced a 60 percent cut to its monthly charge for customers seeking cheap overseas phone calls. Separately, Oftel chief David Edmonds told the Financial Times that BT could face a tougher regulatory regime in the future.

CD Bramall one of the UK's largest motor retailers, said it is confident of the outcome for the full year after it reported pretax profit for the six months to June 30 2003 above expectations at 17.1 mln. This was up 28 pct from the previous year and compared with analyst expectations for profits of 15.5 mln  

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Tue 12th	British Sky Broadcasting (F) EBITDA 439m exp. Also Reporting: CD Bramall (I), Randgold Resources (Q2), ROK Property Solutions (I) 00.01 Business Confidence Monitor 09.30 July RPI-X y/y 2.7% exp.	JC Penney (Q2) 19.15 FOMC Interest Rate Announcement	Axa (I), RWE (Q2), T-Online (Q2)
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