Gold

S&P &Futures (Click for latest)

Hang Seng +167

Nikkei +120

News Headlines:   

The FTSE is expected to open positive following a strong rise in US futures. At the moment it is up 15 points but I would not be surprised to see a higher figure by 8:30

Burberry says total revenues increased by 18 percent during the three months ended June 30 as trading improved during the quarter. They said in May trading conditions were exceptionally difficult as it battled the travel paralysis in Asia caused by a fear of attacks and the deadly SARS virus. But on Monday it said results to date were in line with its full-year expectations.

BAE Systems has warned the UK's Ministry of Defence it can not build the designs of its two new aircraft carriers to budget, the Financial Times reported.

Reckitt Benckiser is considering making a 566 million pound bid for condom maker SSL International according to the Business on Sunday.

Stagecoach has secured a three-year deal to continue running the UK's busiest regional rail franchise, though the regulator has set tough new terms

Pace Loss 16.2 million but  the Group move close to break-even for the second half, following trading losses in the previous two half year periods. Dividends have been cancelled.

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Mon 13th July Reports / Data	Pace Micro (F) PTL 19.4m exp. Also Reporting: Homestyle Group (F) Burberry Trading Statement Interserve Trading Statement 00.00  June BRC Retail sales Monitor US: Citigroup (Q2) 09.30  June PPI Input m/m 0.4% exp. 09.30  June PPI Output m/m 0.1% exp.
Good Trading!   David@FTSEDOW.com    www.FTSEDOW.com            Pivot Calculator