DJ EUROPEAN MORNING BRIEFING: Stocks to Struggle Higher

US SUMMARY: Stocks Mixed As Weak Data Ignored

DJIA 12086.50 loss 3.76 dn 0.03%
NASDAQ 2363.77 gain 13.15 up 0.6%
S&P 500 1377.93 gain 0.59 up 0.04%
Dow Future 12129.00 gain 7.00 up 0.1%
NASDAQ Future 1736.50 loss 0.25 0.0%
S&P Future 1384.00 gain 0.75 up 0.1%
Euro-USD 1.2716 loss 0.0007 dn 0.06%
10-Yr US Treasury: 4.67% down 0.01
(Futures values, Treasury, EUR/USD Data as of 0550 GMT)
Wall Street ended an erratic session mixed, largely shrugging off a lackluster sales report from bellwether Wal-Mart Stores and news of weak consumer spending last month. Treasurys and the dollar ended little changed, while oil tumbled.

STOCKS: The market's ability to withstand bad news illustrates the confidence many investors seem to have in the overall direction of the economy and Wall Street itself.

The market blew off concerns about a report that consumer spending rose an anemic 0.1 percent in September, the smallest increase in 10 months. Personal income, however, was up 0.5 percent.

"Personal spending was less than expected but then personal income was better than expected," said Stuart Freeman, chief equity strategist for A.G. Edwards & Sons. He said investors will grapple with sometimes negative and seemingly contradictory economic data, as they try to determine whether the economy will pull off a soft landing after the Federal Reserve's 17 straight interest rate increases that ended in July.

The markets appeared to dismiss comments Monday from Richmond Federal Reserve President Jeffrey Lacker, who said he was concerned about inflation. Arthur Hogan, chief market analyst at Jefferies & Co., said Lacker's remarks reiterated previous statements and were unsurprising given the role he has played as lone dissenter in recent decisions by the Fed.

Hogan said asset managers are likely to continue to plow money back into the stock market as they work to meet their year-end return projections.

"That really becomes a self-fulfilling prophecy," he said, referring to an overall rise in the markets through the end of the year. Still, he believes the market is ripe for periodic profit-taking.

FOREX: The dollar, which opens mixed, slipped against the yen Monday after U.S. personal income and consumption data in line with forecasts did nothing to help the slumping greenback.

The only economic data of interest during the New York session Tuesday will be in a Chicago-area manufacturing report for October. The report is unlikely to rile the market much, with traders looking at the data mostly to help anticipate Wednesday's nationwide manufacturing data known as ISM.

BONDS: U.S. Treasury prices ended Monday essentially flat, with only absent small gains in longer-dated maturities, after the report on spending, income and inflation failed to change the outlook on the economy.

The core personal consumption expenditures, or PCE, price index, which strips out food and energy, grew 0.2% in September, in line with market expectations. The year-over-year growth rate of the core PCE price index - a measure closely watched by Federal Reserve officials - was 2.4%.

That left the price gauge well above the 1% to 2% range preferred by the monetary policy makers. But the number did show some moderation, after standing at a 2.5% on-year gain in August.

OIL: Light, sweet crude tumbled $2.39 to $58.36 a barrel on the New York Mercantile Exchange amid renewed doubts about whether OPEC would push through production cuts. Traders also speculated that U.S. crude stockpiles will show a buildup in government data due Wednesday.

ASIAN SUMMARY: Stocks Markets Mixed; Commodities On Hold

USD-Yen 117.47 gain 0.01 up 0.01%
AUD-USD 0.7699 gain 0.0006 up 0.01%
Nikkei 225 16444.80 gain 92.25 up 0.6%
Hang Seng 18258.18 loss 39.37 dn 0.2%
S&P/ASX 200 5352.90 loss 14.80 dn 0.3%
Taiwan Index 7021.32 gain 26.12 up 0.4%
S.Korea Kospi 1364.06 gain 7.95 up 0.6%
JGB Yield 1.7150% down 0.0050
(All values as of 0550 GMT)
STOCKS: Asian stocks were mixed Tuesday as investors were cautious ahead of earnings reports by Japanese companies and Bank of Japan Governor Toshihiko Fukui's press conference set for 0645 GMT.

FOREX: The yen is holding in a range of around Y117.10-117.60, pending the Fukui comments.

BONDS: Weak household spending data helped support shorter-dated Japanese government bonds, traders said, but the market remained static pending Fukui's statements later. Investors are wary that he might hint of more tightening by the Bank of Japan.

The Bank of Japan voted unanimously on Tuesday to leave the country's interest rates unchanged, as expected, after the government reported that unemployment rose slightly to 4.2%.

METALS: Spot gold fell $4.40 to $600.50, as investors started reconsidering future demand for the metal, with the U.S. economy declining and oil prices again falling. Strong physical demand, however, is providing a buffer. Copper gained slightly on technical factors after a big price drop on supply overhang.

OIL: Futures prices traded little changed, after the big price fall in New York on concerns about rising stockpiles.

EUROPEAN OUTLOOK: Bargain-Buying May Boost Stocks

Euro-USD 1.2716 loss 0.0007 dn 0.06%
Stlg-USD 1.9004 loss 0.0012 dn 0.07%
USD-Franc 1.2494 gain 0.0010 up 0.08%
(All values as of 0550 GMT)
European stocks and government bonds should struggle slightly higher, with the euro on a weak technical footing.

STOCKS: Investors are likely to push European stocks tentatively higher despite signals that the U.S. economy is faltering.

U.K. spreadbettor IG Index is calling the FTSE up 1 point at 6128, the DAX up 7 at 6265 and the CAC up 3 to 5365.

"Overnight we have seen strong buying of our FTSE and DAX quote sending them about 10 higher than the US close levels. Recent falls of these indices and with most of the fall in crude oil already in yesterdays closes this may signal some buyers looking for value," said Oliver Stevens, Deputy Head of Trading at IG Australia.

However, Martin Slaney, head of spread betting at GFT Global Markets predicts a more volatile session: "There are all sorts of potential market-moving numbers today and the overriding market sentiment is one of caution," Slaney said.

"Yesterday's 4% drop in the price of oil was significant in that it did not give the strong lift to non-oil stocks that we might normally expect. It seems that the market is now viewing oil's drop as bad news, indicative of lessening demand due to a US economy slowing down faster than was expected," Slaney said.

Investors took profits on Monday, particularly in the mining and auto sectors, pushing European indexes off recent highs, while Dutch bank ABN Amro and publisher Pearson traded lower after updates.

FOREX: Traders are looking for a lower euro so they can buy again in another bid to push it higher against the dollar. Technical resistance capped the euro's latest rally.

BONDS: European government bonds may start slightly higher in price, pending more data in the euro zone and U.S.

In the U.K., analysts said the recent pickup in mortgage approvals and the expansion of M4 will cement market expectations that the Bank of England's Monetary Policy Committee will raise interest rates to 5.0% from 4.75% when it gathers Nov. 8 and 9.

"This set of data will make it hard for the MPC to deliver anything but a 25 basis points rate hike at the November meeting," said Richard McGuire, fixed-income strategist at RBC Capital Markets.

Tuesday will bring a slew of important economic data releases on both sides of the Atlantic. In the morning session investors will get euro-zone consumer price inflation, while in the afternoon U.S. consumer confidence and the Chicago PMI will take the center stage

Prices of European government bonds were higher Monday, with investors trimming some gains on stronger-than-expected U.S. personal income growth and a set of hawkish comments from Richmond's Federal Reserve President Jeffrey Lacker.

(MORE TO FOLLOW) Dow Jones Newswires

October 31, 2006 01:45 ET (06:45 GMT)

31 Oct 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Stocks to Struggle Higher -2-

CALENDAR: Tuesday, Oct 31: BOJ's Fukui; Euro Zone CPI

GMT Expected Previous
0500 JPN Sep Housing Starts +2.3%YY +1.8%YY
0500 JPN Sep Construction Orders +10.3%YY
0645 JPN BOJ Gov Fukui's press conference
0700 GER Sep Retail Sales
0700 UK Oct Nationwide House Prices +0.6%MM +1.3%MM
+7.9%YY +8.2%YY
0700 GER Sep Retail Sales +0.6%MM 0.0%MM
0740 FRA Nov Consumer Confidence Survey -21 -22
0745 FRA Sep Unemployment
0745 FRA Sep Housing starts
0750 FRA Sep PPI -0.3%MM +0.2%MM
+3.0%YY +3.9%YY
0900 ITA Sep PPI -0.2%MM +0.2%MM
+3.0%YY +6.6%YY
1000 ITA Oct CPI, prelim
1000 EU Oct Euro Zone CPI, prelim +1.7%YY +1.7%YY
1000 EU Oct Euro Zone Business Climate 1.36 1.46
1000 EU Oct Euro Zone Econ Sentiment 109.5 109.3
1000 EU Oct Euro Zone Ind Confidence +5 +4
1000 EU Oct Euro Zone Cons Confidence -7 -8
1030 UK Oct GfK Consumer Confidence Survey -6 -7
1100 UK Distributive Trades Survey +12.5 +14
1245 US Oct 28 ICSC-UBS Store Sales Index -1.1%
1330 US 3Q Employment Cost Index +0.9% +0.9%
1355 US Oct 28 Redbook Retail Sales Index +1.3%
1500 US Oct Conference Board Consumer Confidence 108.0 104.5
Index
1500 US Oct Chicago PMI 58.0 62.1
2200 US Oct 29 ABC/Washington Post Consumer Confidence -7
Index
N/A JPN BOJ Policy board meeting
N/A ITA Bills, Zero-Coupon Auctions
N/A ITA Treasury Settlement for 6-Mos Bills

-By Dennis Baker; Dow Jones Newswires; [email protected]

(MORE TO FOLLOW) Dow Jones Newswires

October 31, 2006 01:45 ET (06:45 GMT)

31 Oct 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events

ARM Holdings (ARM.LN): 3Q Earnings
Average pretax profit (Co, 18 analysts): GBP24.2M (GBP19.1M)
Average EPS: 1.24P (1.05P)
Average sales: GBP66.7M (GBP56.7M)
Note: Revenues seen rising due to upgrades in licensing from electronics goods manufacturers, against a week 3Q '05. Profit before tax is seen +27% from the previous year, as a result of the same trends. EPS is seen +18%. Deutsche Bank is eager to see signs of strong interest in the Cortex product. Citigroup seeks details about the effects of the weak dollar.

Atos Origin (5173.FR): 3Q Revenue
Average sales (DJ, 4 analysts): EUR1.31B (EUR1.29B)
Note: Revenue growth is due in part to poor revenues in '05 from discontinued operations, says a London-based analyst. "We're looking to organic growth more than anything else which should be around 3%, the same in this quarter as the last," he says. Adds that merger speculation surrounding Atos will move the stock more than its results, although analysts don't expect the company to say much on this subject.

Credit Suisse (CS): 3Q Earnings
Average net profit (DJ, 15 analysts): CHF1.64B (CHF1.92B)
Average sales: CHF7.88B (CHF8.12B)
Note: Analysts say the markets were muddled for most of 3Q, which also includes the seasonal dip in private-banking activity due to holidays. Kepler Equities expects Credit Suisse to book CHF80M against the earnings for its asset management restructuring, flagged last quarter. Bear Stearns recommends looking past what may be a hiccup in 3Q to focus on potential from a more coherent structure after the Winterthur disposal.

Danske Bank (DANSKE.KO): 3Q Earnings
Average pretax profit (SME Direkt, 18 analysts): DKK4.369B (DKK4.253B)
Average net interest income: DKK4.898B (DKK4.462B)
Average commission income: DKK1.785B (DKK1.88B)
Note: Commission income is expected to drop around 5% due to lower remortgaging activity and lower fee income in the quarter. Eyes also on the Danica shadow-account and whether a risk allowance will be made.

EFG Eurobank Ergasias (EUROB.AT): 3Q Earnings
Average net profit (DJ, 7 analysts): EUR158.7M (EUR161M)
Average net interest income: EUR407.4M (EUR352M)
Note: The expected decline is due to a favorable year-earlier tax base and also higher costs associated with eastern Europe operations. Net interest income in 3Q is seen up 15.7% thanks to continued growth in Greek retail lending market.

Fresenius Medical Care (FMS): 3Q Earnings
Average net profit (DJ, 12 analysts): $133M ($116M)
Average sales: $2.2B ($1.72B)
Note: 3Q exceptionals, including integration costs for RCG. Outlook for 06 is sales about $8.3B and net profit of at least $542M. Analysts watch for possible rise in net profit forecast and an update on merger related synergies, where guidance so far is $30M for 06 and $40M to $50M for 2007 onwards.

Friends Provident (FP.LN): 3Q Earnings
Average group life and pensions new business (Co, 10 analysts): GBP1.46B
(GBP1.14B)
Average UK L&P new business: GBP974M (GBP764M)
Average international L&P: GBP486M (GBP378M)
Note: SocGen says company needs to generate more cash longer-term to support new business.

Geberit (GEBN.EB): 9M Earnings
Average net profit (DJ, 3 analysts): CHF280M (CHF219M)
Average sales: CHF1.63B (CHF1.49B)
Note: Bottom line improvements are due to tight cost control and a strong business. Analysts expect the remainder of '06 to be positive but note '07 may bring uncertainty because of an increase in German VAT.

Hagemeyer (35547.AE): 3Q Revenue
Average sales (DJ, 5 analysts): EUR1.6B (EUR1.44B)
Note: Increase due to higher copper prices and improved market conditions, analysts say.

Imperial Tobacco (ITY): FY Earnings
Average pretax profit before exceptional items (DJ, 7 analysts): GBP1.18B
(GBP1.12B)
Average pre-exceptional EPS: 122.7p (112.8p)
Note: Management's outlook for pricing in Europe will be in focus as well as the company's plans for the recently acquired Davidoff brand. Any comments on Altadis (ALT.MC) will also be studied given the ongoing speculation that Imperial will launch a bid.

KPN (KPN): 3Q Earnings
Average net profit (DJ, 6 analysts): EUR374M (EUR329M)
Average sales: EUR3.02B (EUR2.93B)
Note: Net profit is supported by better margins. Sales are seen +3.1%, with a decline in fixed lines offset by a rise in mobile. Analysts will focus on developments at E-Plus, and customer development at fixed.

Linde (LIN.XE): 3Q Earnings
Average net profit (DJ, 19 analysts): EUR132M (EUR123M)
Average EBIT: EUR290B (EUR220B)
Average sales: EUR2.99B (EUR2.4B)
Note: Both industrial gases and material handling unit Kion are seen contributing strongly to earnings in light of cost cutting and strong business. However, investors' focus will be set on possible BOC integration news, while details on the sale of its Kion division are unlikely. Including consolidation of BOC Group, EBIT is seen up 32%, while sales are expected 25% higher. However excluding BOC, EBIT is seen 11% higher, with sales seen up 5.6%.

(MORE TO FOLLOW) Dow Jones Newswires

October 31, 2006 01:45 ET (06:45 GMT)

31 Oct 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events -2-

Metro (MEO.XE): 3Q Earnings
Average net profit (DJ, 13 analysts): EUR106M (EUR118M)
Average pretax profit: EUR198M (EUR219M)
Average EBIT: EUR300M (EUR269M)
Average sales: EUR14.1B (EUR13.29B)
Note: Analysts attribute the decline to one-off items resulting from the takeover of Wal-Mart (WMT) stores in Germany. Sales seen up 6.1% 3Q 2005. 3Q pretax-profit seen 10%, while EBIT is expected to come in at about 11% above the EUR269M reported at 3Q 2005. Analysts expect declining sales figures for Germany while the other regions should have developed favorably.

PKO Bank Polski (PKO2.WA): 3Q Earnings
Average consolidated net profit (DJ, 6 analysts): PLN516.5M (PLN485M)
Average net interest income: PLN937M (PLN913M)
Note: Estimates show. PKO BP is expected to deliver a 2.6% rise in net interest income. Analysts expect strong volume growth, especially in retail mortgage loans and consumer lending.

Sanofi-Aventis (SNY): 3Q Earnings
Average net profit (DJ, 8 analysts): EUR1.52B (EUR1.92B)
Average EPS: EUR1.14 (EUR1.44)
Average sales: EUR7.35B (N/A)
Note: Sanofi-Aventis will likely unveil details on its patent litigation involving blockbuster Plavix and a timeline for the U.S. launch of obesity pill Acomplia, which has the potential to turn into a best-selling drug.

Analysts will be also looking for guidance on when Plavix sales may resume as wholesalers' stockpiles of the generic copies run out.

News on the timing for the launch of Acomplia in the U.S. and any feedback following the European launch of the drug during the summer will also be closely watched. Some analysts have begun doubting the company will be able to launch Acomplia by year end, as previously flagged by the management.

Analysts at JP Morgan reckon there is a reasonable chance the company will present data from a six-month study, codenamed Seranade, for Acomplia in diabetic patients.

"Good data from Seranade would reinforce Acomplia's potential use in the diabetic population and could underpin a full diabetes indication for the drug," the analysts wrote in a note to investors.

SCA (SCA-B.SK): 3Q Earnings
Average pretax profit (SME Direkt, 14 analysts): SEK1.84B (SEK3.4B loss)
Average sales: SEK25.52B (SEK24.74B)
Note: The improvement is expected to come as SCA's restructuring program start to bear fruit, after the company reported a loss a year earlier. 3Q sales are seen rising 3.2% on strong demand and higher prices. Eyes are on any mention of future price increases for toilet and tissue paper and on 4Q energy costs.

TeliaSonera (TLSN.SK): 3Q Earnings
Average net profit (SME Direkt, 18 analysts): SEK4.457B (SEK3.763B)
Average EBITDA: SEK8.37B (SEK8.224B)
Average sales: SEK23.037B (SEK22.229B)
Note: Analysts on average expect the company to record a SEK83M gain as positive one-off items more than offset SEK550M in restructuring charges expected in 3Q, compared to a negative SEK520M recorded in the same period last year. Underlying EBITDA growth is seen at 1.8%.

UBS (UBS): 3Q Earnings
Average net profit (DJ, 12 analysts): CHF2.62B (CHF2.77B)
Note: Lackluster markets in July and August and a seasonal dip in activity are seen taking its toll on investment banking and private banking respectively. UBS has flagged a CHF141M charge to write down unused real estate. Investment banking fees set to suffer lower origination volume, especially in equities. Market eyeing how much private banking revenue slowed in quarter, which includes summer holidays and also reads to rival Credit Suisse (CSR), which reports Thursday. Bear Stearns puts net new private banking money excluding US business at CHF20B.

UPM (UPM): 3Q Earnings
Average pretax profit (SME Direkt, 18 analysts): EUR119M (EUR149M)
Average sales: EUR2.45B (EUR2.24B)
Note: Pretax profit is expected to have been hit by one-off restructuring costs. 3Q sales are seen rising 9.3% at the same time last year. Eyes will be on any reports about how the restructuring program is progressing and on any information about price increases. (JLS)

Veolia Environnement (VE): 9M Revenue
Average sales (DJ, 4 analysts): EUR20.58B (EUR18.11B)
Note: Organic growth seen solid at +8% on average on continuous growth in water and waste concessions business in Europe and emerging markets, analysts say.

(MORE TO FOLLOW) Dow Jones Newswires

October 31, 2006 01:45 ET (06:45 GMT)

31 Oct 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Corporate Events -3-

OTHER SCHEDULED EVENTS

24h Poker Holding (24H-B.SK): 3Q Earnings

Accuma Group (ACG.LN): FY Earnings

Acta Holding (ACTA.OS): 3Q Earnings

Alterian (ALN.LN): 1H Earnings

Altran Technologies (3463.FR): 3Q Revenue

Alumasc Group (ALU.LN): AGM

Antofagasta (ANTO.LN): 3Q Production Report

Arendals Fossekompani (AFK.OS): 3Q Earnings

Aurora Investment (ARR.LN): 1H Earnings

Avanquest Software (402671.FR): 3Q Revenue

Bac Majestic (7689.FR): 1H Earnings

BE Semiconductor Industries (33976.AE): 3Q Earnings

Biotec Pharmacon (BIOTEC.OS): 3Q Earnings

Boliden (BOL.SK): 3Q Earnings

Brisa Auto-Estradas (BRI.LB): 3Q Earnings

Brostrom (BRO-B.SK): 3Q Earnings

Business et Decision (7895.FR): 3Q Revenue

Carrere Group (4442.FR): 1H Earnings

CIR (CIR.MI): 3Q Earnings

Cofide (COF.MI): 3Q Earnings

COMTRADE (CTB.XE): 3Q Earnings

Conseptor (CNS.OS): 3Q Earnings

DCD Media (DCD.LN): FY Earnings

Dicentia (DICENT.KO): 3Q Earnings

Done Solutions (DSO1V.HE): 3Q Earnings

Egdon Resources (EDR.LN): FY Earnings

ELMOS Semiconductor (ELG.XE): 3Q Earnings

EOG Resources: 3Q Earnings

Euler Hermes (425403.FR): 3Q Revenue

Fidelity Special Values (FSV.LN): FY Earnings

Fresenius (FRE3.XE): 3Q Earnings

Genmab (GEN.KO): 3Q Earnings

Gudme Raaschou Vision (GRA.YY): 3Q Earnings

Harmony Gold Mining (HAR.JO): 1Q Earnings

Havila Shipping (HAVI.OS): 3Q Earnings

Hiestand Holding (HIEN.EB): 3Q Revenue

Hubwoo.com (405256.FR): 3Q Revenue

Ige + Xao (3082.FR): FY Earnings

Industrieholding Cham (INDN.EB): 3Q Earnings

Industrivarden (INDU-A.SK): 3Q Earnings

Intellecta (ICTA-B.SK): FY Earnings

Inwarehouse (IWH.SK): 3Q Earnings

Itelligence (ILH.XE): 3Q Earnings

Kemira GrowHow (KGH1V.HE): 3Q Earnings

Kemira (KRA1V.HE): 3Q Earnings

Ledstiernan (LEDS-B.SK): 3Q Earnings

Legrand (1030781.FR): 3Q Earnings

LVL Medical Group (5468.FR): Q4 Revenue

Matalan (MTN.LN): 1H Earnings

Max Bank (MAX.KO): 3Q Earnings

McBride (MCB.LN): AGM

Medi-Stim (MEDI.OS): 3Q Earnings

Muehlbauer Holding (MUB.XE): 3Q Earnings

Munters (MTRS.SK): 3Q Earnings

Naturex (5469.FR): 1H Earnings

Nefab (NEF-B.SK): 3Q Earnings

Ocean Rig (OCR.OS): 3Q Earnings & EGM

Orkla (ORK.OS): 3Q Earnings

PlasmaSelect (PM3.XE): 3Q Earnings

Raisio (RAIVV.HE): 3Q Earnings

RHM (RHM.LN): 1H Trading Update

Rica Hotels (RIC.OS): 3Q Earnings

Royal Caribbean Cruises (RCL): 3Q Earnings

Surf Control (SRF.LN): 1Q Earnings

Tomkins (TOMK.LN): 3Q Earnings

Umeco (UMC.LN): 1H Earnings

(MORE TO FOLLOW) Dow Jones Newswires

October 31, 2006 01:45 ET (06:45 GMT)

31 Oct 2006 06:45 GMT =DJ EUROPEAN MORNING BRIEFING: Div Payments & Ex Div Dates

888 Holdings (888.LN): 1H 2006 Special Dividend Payment Date

Abbey (DOY.DB): FY 2005 Dividend Payment Date

Beter Bed Holding (33970.AE): 1H 2006 Ex-Dividend Date

EOG Resources: 3Q 2006 Dividend Payment Date

Filtronic (FTC.LN): FY 2005 Dividend Payment Date

Gartmore Global Trust (GGL.LN): 1Q 2006 Dividend Payment Date

Glasgow Inc Trust (GLS.LN): 4Q 2006 Dividend Payment Date

Henderson High Income Trust (HHI.LN): 1H 2006 Dividend Payment Date

Inmobiliaria Colonial (COL.MC): 1H 2006 Dividend Payment Date

Kaba (KABN.EB): FY 2006 Ex-Dividend Payment Date

Litho Supplies (LTS.LN): 1H 2006 Dividend Payment Date

Metrovacesa (MVC.MC): FY 2006 Dividend Payment Date

Murray Income Trust (MUT.LN): FY 2006 Dividend Payment Date

New Star Financial (NST.LN): 3Q 2006 Dividend Payment Date

Northern Recruitment (NRG.LN): FY 2005 Dividend Payment Date

Northgate Information (NIS.LN): FY 2005 Dividend Payment Date

OMX (OMX.SK): Special Dividend Payment Date

Prem UK Dual Return Trust Inc (PUKC.LN): 3Q 2006 Dividend Payment Date

Premier Asian Assets (PAAC.LN): 4Q 2006 Dividend Payment Date

Premium Trust (PTTI.LN): FY 2006 Dividend Payment Date

Schroder Income Growth Fund (SCF.LN): 4Q 2006 Dividend Payment Date

(END) Dow Jones Newswires

October 31, 2006 01:45 ET (06:45 GMT)