Gold

S&P &Futures (Click for latest)

Hang Seng -65

Nikkei+-

The Dow, S&P and Nasdaq all closed in the red in the red as investors remain unconvinced that the latest good results mean there is an economic recovery taking place.

The FTSE is expected to open slightly higher but with negative sentiment on the US futures and and in the Far East I will be looking for a 20 point fall at some point.

Infineon fell after the group posted wider-than-expected second quarter losses following a big fall in memory prices. They reported a net loss of 328 million euros for the three months to the end of March, against a loss of 40 million euros. Watch ARM to fallback on the news

Wolseley: Pinault Printemps Redoute is in exclusive talks over the sale of its Pinault Bois Materiax building materials supplier, (Le Figaro) Glaxo: said it settled a patent suit with Pentech Pharmaceuticals, opening up the sale of a generic form of the anti-depressant drug Paxil in Puerto Rico, but not yet in the rest of the USNational Express - Arriva - FirstGroup. National Express CEO Phil White said there should be consolidation in the industry and his firm was keen to team up with a rival. (FT)Westbury: raised 150 million pounds in a U.S. private placement, in order to restructure its debts.CHUBB <Profit Warning & Sales> BUT United Technologies Corp is in talks to buy the UK security firm.Reuters: Shares could move after the release of first quarter results from its U.S. electronic trading subsidiary Instinet Group.

Kingfisher said it would offer 67 euros ($73) per share for the remaining interests in French home improvement chain Castorama

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Tue 22nd April	Cordiant Comms March prov M4/M4 lending (0930) March CML mortgage (0930) March BBA/BSA  lending figures (0930) BCC quarterly economic survey (1100)	ebay 12.45 BTM/UBS sales 13.55 Redbook sales	German Apr CPI 07.00 Germany Mar PPI 08.30 Italy April consumer sentiment
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