Gold

S&P &Futures (Click for latest)

Hang Seng -80

Nikkei +185

News Headlines:    US. stock indexes closed little changed Monday, amid volatile trade and weak volume, as investors took profits on a variety of issues on the last day of what was Wall Street's strongest quarter in years

House prices rose 0.9 percent last month to stand 19.2 percent higher than a year earlier, the Nationwide Building Society says, providing further evidence of a house market slowdown

Crest Nicholson has posted a 32 percent rise in first-half profit and says low mortgage rates and a shortage of supply will continue to underpin demand for property. 6 Month profit before tax rose to 32 million pounds compared with 24.2 million in the same period a year

Taylor Woodrow:expect to report interim results ahead of last year and in line with the Board's expectations. In the six months to end June 2003, the U.K. housing business has seen a return to more normal trading conditions following the strong markets of 2002.

Scottish & Newcastle, has reported a 15 percent rise in annual profits, and says trading in May and June has been more encouraging than earlier in the year. They posted pre-tax profits of 507.3 million pounds in the year to April 27 compared to analysts forecasts of 498-523 million pounds.

HMV Group says its annual pre-tax profits leapt, topping analysts' forecasts, while current sales at its bookstores have received a boost from the new Harry Potter book. Pre-tax profits jumped to 96.5 million pounds, compared with analysts' forecast of 94-96 million pounds and up from 80 million pounds last year. The UK's biggest floor-covering retailer, Carpetright, has reported a dip in annual pre-tax profit and says European sales fell below expectations in the first two months of the year.

John Laing said that the market for infrastructure investment and operation has remained strong and the company continues to have significant opportunities for organic growth, particularly in healthcare, law and order, and roads.

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)
Tue 1st July	Carpetright (F) PBT 53.2m exp. HMV Group (F) PBT 95.3m exp. Scottish & Newcastle (F) PBT 500m exp. BWD Securities (I), Crest Nicholson (I), Luminar (AGM)John Wood Group Trading Statement John Laing Trading Statement Taylor Woodrow H1 Trading Statment Wilson Bowden Trading Statement 06.00 Nationwide House Price Survey 09.30 May CIPS Manufacturing PMI 48.5 exp.	CKE Restaurants CKR 0.05 Constellation Brands, Inc. STZ 0.49  Emmis Communications EMMS Merix MERX -0.25 After Market Close Schnitzer Steel Industries, Inc. SCHN 1.25 15.00 May Construction Spending 0.3% exp. 15.00 June Manufacturing ISM 50.8 exp. 07.00 EMU May German Retail Sales m/m 0.1% exp. 08.55 EMU May German Manufacturing PMI 45.5 exp. 09.00 EMU May Euro-zone Manufacturing PMI 47.6 exp. 11.00 EMU May Unemployment Rate 8.8% exp.
David@FTSEDOW.com    www.FTSEDOW.com            Pivot Calculator