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At 6:30 AM EDT:

DJ Euro STOXX50 3,621.36 +0.42%
FTSE Eurotop 2,779.59 +3.61 +0.13%
FTSE-100 5,676.90 +5.30 +0.09%
FTSE-Techmark 1,364.90 -0.49 -0.04%
FTSE-All Shares 2,892.12 +4.53 +0.16%
DAX 5,678.43 +12.36 +0.22%
NM50 553.53 UNCH UNCH
MDAX 8,168.03 +8.34 +0.10%
CAC40 4,943.94 +35.25 +0.72%
SBF 80 5,616.17 +44.21 +0.79%

From DealingFloor:

** US MARKET WRAP FOR THURSDAY **

Dow -0,69%; Nasdaq -0,7%; S&P -0,67%; Soxx -0,89%; Russel2k -1,02%; DJAIG
-0,49%; 10yr Bond 0,06%; 10yr Yield 5,06%; Crude future 69,78; Gold 684,94

¦ Utilities 0,15%¦ ConsDisc -0,09%¦ Telecom -0,36%¦ Healthcare -0,47%¦
Technology -0,52%¦ ConsStaples -0,56%¦ Financials -0,84%¦ Materials -1,09%¦
Industrials -1,1%¦ Energy -1,22%

** US HEADLINES **

- Kohn May Strengthen Fed’s Credibility as Investors Fear Faster Inflation
- U.S. House Approves Plan to Recover $10 Billion From Exxon, Oil Producers
- Legg Mason, Teva, Federated Remind Investors Deals Are Hard to Make Work
- Dell’s Decision to Use Chips From Advanced Micro Devices Is Blow to Intel
- Dollar Is Heading for Weekly Advance as Fed May Keep Raising Interest Rate
- Treasuries Set for Winning Week on Speculation Fed Not Yet Done With Rates
- Crude Oil May Fall on Signs U.S. Gasoline Supply Sufficient to Meet Demand
- Texans End Love Affair With Pickup Trucks, SUVs After Gasoline Prices Jump

** US AFTER HOURS **

-Dell (+3%) reported Q1 earnings of $0.33 per share, in line with the Reuters Estimates consensus of $0.33. Total revenues rose 6.2% year/year to $14.22 bln vs. the $14.21 bln consensus. Co reports Q1 gross margin of 17.4% vs. 17.6% street expectation. Co also announced it will introduce new AMD Opteron processors in multi-processor servers by year end (AMD + 12.8% after hours). Management said it will no longer offer specific earnings or revenue guidance, but sees Q2 results “similar” to Q1. Reuters Q2 consensus for EPS and revs is $0.34 and $14.36 bln.

** ASIAN MARKETS **

Nikkei 0,42%; Kospi 0,41%; HSI 0,32%; Taiwan 0,57%; China 2,3%; India 0,31%;
Thailand -0,22%; Australia -0,15%

** ASIAN HEADLINES **

- Japan Economy Grows at Faster-Than-Expected 1.9 Percent Pace on Investment
- Asian Stocks Head for Biggest Weekly Decline in a Year on U.S. Inflation
- Bank of Japan Keeps Interest Rates Close to Zero Percent; Choice Unanimous
- Indonesia Debt Rating Raised by Moody’s on Government Finance Improvement
- India May Pay General Electric, Suppliers $40 Billion for Nuclear Reactors
- PetroChina May Benefit as Higher Natural Gas Sales, Prices Increase Profit
- Hyundai, Kia Will Boost Hedging to Protect Currency Losses as Won Rallies
- Alumina’s Chief Marlay Expects Profit to Double as Disruptions Hurt Supply
- Henry Sy Builds His Biggest Philippines Mall, Betting Tourists Will Come
- Ping An, China Life Shares Climb as Developing Middle Class Buys Insurance

** EUROPE: IN PLAY TODAY **

- German Producer Prices Rise 6.1 Percent, Biggest Advance Since June 1982

- British Airways Plc, Europe’s third- largest airline, said fourth-quarter profit surged on increased business passenger travel from London’s Heathrow airport. Net income increased to 80 million pounds ($151 million), or 7 pence a share, in the three months ended March 31 from 1 million pounds, or 0.1 pence, a year earlier, the London-based company said in a statement today. Profit beat the 11 million-pound median estimate of eight analysts surveyed by Bloomberg.

- BNP Paribas SA, France’s largest bank by market value, said first-quarter
profit rose 17 percent after revenue from investment banking increased and
acquisitions in the U.S. lifted earnings from consumer lending abroad.
Net income advanced to 2.01 billion euros ($2.58 billion) from
1.72 billion euros in the same period a year earlier, the Paris-
based said in an e-mailed statement today. Profit beat the 1.62
billion-euro median estimate of 11 analysts surveyed by Bloomberg.
Revenue rose 22 percent to 6.82 billion euros, slower than costs.

- Associated British Foods Offers to Buy Illovo Sugar for $560 Million

- Rio May Win 15 Percent Price Gain for Lump Iron Ore, Credit Suisse Says

- SAP AG: Co-founder and supervisory board chairman
Hasso Plattner is willing to consider any merger or buyout offers
for the world’s largest maker of business management software,
Financial Times Deutschland reported. Potential buyers include
International Business Machines Corp., Microsoft Corp. and Google
Inc., Plattner said in an interview with the newspaper.

** EUROPE: UPS & DOWNS **

+ ABB RAISED TO `OVERWEIGHT’ FROM `NEUTRAL’ AT JPMORGAN
+ SOCIETE GENERALE RAISED TO `BUY’ FROM `HOLD’ AT DEUTSCHE
+ BT GROUP PRICE ESTIMATE RAISED TO 280P FROM 235P AT LEHMAN
+ LOGICACMG PRICE EST. RAISED TO 180P VS 170P AT MORGAN STANLEY
+ BAE SYSTEMS RAISED TO `BUY’ FROM `NEUTRAL’ AT MERRILL LYNCH
+ DEUTSCHE BOERSE RAISED TO `BUY’ AT UBS
+ THYSSENKRUPP PRICE ESTIMATE RAISED TO EU34 FROM EU30 AT UBS
+ STATOIL RAISED TO `EQUAL-WEIGHT’ FROM `UNDERWEIGHT’ AT LEHMAN
+ BP RAISED TO `EQUAL-WEIGHT’ FROM `UNDERWEIGHT’ AT LEHMAN
+ HENKEL RAISED TO `OVERWEIGHT’ FROM `NEUTRAL’ AT HSBC :HEN3 GY
+ FORTIS RAISED TO `BUY’ FROM `NEUTRAL’ AT MERRILL LYNCH
+ HVB PRICE ESTIMATE RAISED 76% TO EU36 AT JPMORGAN

- MAN AG LOWERED TO `NEUTRAL’ FROM `OVERWEIGHT’ AT HSBC
- ZURICH FINANCIAL PRICE EST. CUT TO SF315 FROM SF345 AT UBS
- SABMILLER PRICE ESTIMATE CUT TO 1060P FROM 1090P AT LEHMAN

Source: Friday AM: European Markets Up