Midday Market Roundup

PATISEAR - 15 May 2008 11:10 - 6 of 7

re - Master RSI Thanks, would appreciate any news on Wall St. futures if you can.

Now as the market is getting ready to open yes 1 and half hours to go yet the opening look a bit positive ......

US Futures
INDEX ----- VALUE --- CHANGE
DJIA INDEX 12,909.00 +30.00

U.S. Stock-Index Futures Advance; Chevron, Exxon, GE Climb

By Adam Haigh

May 15 (Bloomberg) -- U.S. stock-index futures gained after UBS AG raised its recommendation for global oil shares, lifting energy producers.

Chevron Corp. and Exxon Mobil Corp. climbed in Germany as UBS said the industry is ``notably inexpensive'' and raised its crude price forecast for this year by 32 percent to $115 a barrel. General Electric Co. advanced after people familiar with the situation said it may sell or seek a partner for the unit that makes refrigerators and washers. Most European shares rose and Asian stocks rallied the most in two weeks.

Futures on the Standard & Poor's 500 Index expiring in June added 1.7, or 0.1 percent, to 1,409.5 at 12:01 p.m. in London. Dow Jones Industrial Average futures increased 19 to 12,898. Nasdaq-100 Index futures gained 5.75 to 2,002.25.

``One should not be underweight energy stocks because of the strong oil price,'' said Alessandra Querini, a money manager at Aletti Gestielle SGR in Milan, which oversees about $19 billion in assets. Analysts ``are basing forecasts on estimated oil prices that are lower than the current market price. I like the sector.''

Gross domestic product in the euro area increased 0.7 percent from the previous three months, when it climbed 0.4 percent, the European Union's statistics office in Luxembourg said today. The pace exceeded the 0.5 percent median of 32 estimates in a Bloomberg News survey.

MYH 19.75p +2.25p

Has been moving higher since last Monday, was on the "UPS" since then, bouncing from the lows and now is moving up fast

Master RSI

Cheers.

End-of-day Market Roundup