Gold

S&P &Futures (Click for latest)

Hang Seng+48

Nikkei+86

The Dow Jones confirmed that the Bull Run is still well in place by closing near to the days high, The gains began after Citigroup and Bank of America reported results that beat Wall Street's expectations. IBM stock rose in after-hours trading as the company boosted sales and increased net income for the first time in nearly two years. It is now beginning to look as if the markets have breached the 3 year downtrend resistance line and are set for more gains for the short term.Debenhams: Slightly ahead of analysts forecasts due to higher sales and increased margins. This is interesting for the retail sector after MKS reported a slowdown in sales last week. Look for a lift in the sector this morning especially with the rise on the FTSE to support it.  NXT?

Safeway: said its like-for-like sales dipped 0.1 percent during its fourth quarter but pre-tax profits would still be in line with market forecasts. Analysts had been anticipating a drop of up to two percent in like-for-like sales growth, which includes fuel sales.

Invensys: Will not pay a final dividend and announced it will be selling more business's to raise funds. They are going to concentrate on the profitable rail engineering part of the business. The engineering group said trading conditions had continued to weaken. It also said Martin Jay would take over as chairman in July.

Pubs arm Mitchells & Butler and hotels business InterContinental begin trading on the blue-chip index following the de-merger of six continentsMAB should start at around 223 and IHG about 221, Six continents should fall 346p Look for further gains on UK financials following the good results by CitiGroup (US) yesterda.WPP could be helped after Burger King picked its Young & Rubicam unit as the hamburger chain's lead advertising agency.BHP Billition natural resources company successfully raised $850 million by way of a global bond issuec to repay existing debt and for general corporate purposes, the company said.ICI has been questioned by the finance watchdog over last month's profit warning at its Quest fragrances unit w

Scottish & Newcastle is in advanced talks to acquire full control of Portugal's Central de Cervejas

GSK's anti-seizure drug was effective in delaying episodes of depression in patients suffering from bipolar disorder, according to the results of an 18-month trial. Standard & Poor's cut Sainsbury's senior unsecured rating to A-minus from single-A but affirmed its A-plus senior unsecured debt rating on industry rival Tesco. Burberry said underlying second-half retail sales were up 30 percent, while revenues rose 22 percent.

Glaxo / Astra Zeneca could rise following good results by Novartis this morning.

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Tue 15th April	Debenhams (I) 93.1m exp. British insurance Holdings (F)Safeway Q4 Trading statement Burberry H2 Trading StatementInvensys Trading StatementAssociated British Ports (AGM), BAT (AGM) Six Continents (SXC) De-merger. Terms are 1 Intercontinental Hotels (IHG) and 1 Mitchells & Butler (MAB) share for every 1 Six Continents share held. Canary Wharf Ejected from the FTSE 100, effective today.09.30 March RPI-X y/y 3.1% exp.	Intel (Q1), Microsoft (Q1), Motorola (Q1)   12.45 BTM/UBSW sales 13.00 April empire state index 13.55 Redbook sales 14.15 March industrial production 14.15 March capacity utilisation	Phillips (Q1) 07.45 France Feb industrial prod 10.00 Germany April ZEW index 10.00 Germany economic spring forecast
Good Trading!   David@FTSEDOW.com    www.FTSEDOW.com            Pivot Calulator