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NEW YORK (Reuters) – Stocks fell more than 1 percent on Monday on lingering worries about Europe's ability to contain a credit crisis despite a weekend bailout agreement for Ireland.

The euro fell to more than two-month lows against the U.S. dollar, hurting commodity prices and shares in the materials and energy sectors.

European Union finance ministers endorsed an 85 billion euro loan package to help Ireland bridge its deficit. Nervousness that the credit crisis could spread to other euro zone members has weighed on global stocks in recent weeks.

Anxiety grew, with the CBOE Volatility index (.VIX), Wall Street's so-called fear gauge, hitting its highest level since early October.

Adding to the fundamental weakness, the S&P 500 failed to hold a technical support as it briefly traded below its 50-day moving average for the first time since early September.

"This seems to be more of a macro selloff based on fears of what's happening in Europe," said Angel Mata, managing director of listed equity trading at Stifel Nicolaus Capital Markets in Baltimore.

"A lot of people don't understand the ramifications here. If Europe is having these systemic problems, it brings the question of whether our economic recovery is put on hold."

The Dow Jones industrial average (.DJI) dropped 133.73 points, or 1.21 percent, to 10,958.27. The Standard & Poor's 500 (.SPX) lost 12.16 points, or 1.02 percent, to 1,177.24. The Nasdaq Composite (.IXIC) fell 32.11 points, or 1.27 percent, to 2,502.45.

The S&P materials index (.GSPM) declined 1.3 percent, while the energy sector (.GSPE) was off 0.8 percent.

U.S. consumers appeared to be spending again as about 212 million shoppers hit stores between the U.S. Thanksgiving Day holiday on Thursday and Sunday, an increase of 8.7 percent from 2009, according to a private survey.

Still, the S&P retail index (.RLX) fell 1.2 percent after climbing 3.5 percent in the last two weeks.

Stifel's Mata said retail stocks had moved up in anticipation of positive weekend sales, and a selloff was expected.

Online retailer Amazon.com Inc (AMZN.O) rose 1.1 percent to $179.21 in hopes of strong sales on so-called Cyber Monday, a day of steep discounts for online shoppers. FedEx Corp (FDX.N) added 3 percent to $90.05.

(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)

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He emphasized more immediate pressures on the sector being the increase in VAT and rising costs of raw materials.

But while inflation of the prices of raw materials grabbed the headlines, said Mr. Jeary, he added that the pressure of increasing labour costs in the far East could become a more significant long-term trend.

Among its main "buys" were Burberry, in the light of its exposure to emerging and Dixons markets.Burberry discard p 4 at 10: 40 ￡ while Dixons declined 0.36 percent 26.15.

However, Mr. Jeary downgraded its position on Kingfisher sport BONAL, HMV, the Topps tiles to "sell" to "hold". write on Kingfisher, he said economic winds for the owner of B & Q seem renforcer.Compte increased concerns, he cut forecast profit in 2012 and 2013.

Kingfisher fell 4.9 to 244,6 p, while lost BONAL sports 0.3 to 6.12 percent, HMV throw ? 46?p and Topps tiles thread 1? to 60 percent.

But Mr. Jeary felt more optimistic on Marks & Spencer, upgrading the retailer to "buy" to "hold" and to maintaining a price target of 446 p.

He thought that factors such as the population of its customer base should help M & S to achieve gains in market share. M & S increased from 1.4 to 385?p.

Second linings, another retailer was also focus - Ocado. Grocer online acquired 6-151 p as investors stated if Wm Morrison supermarkets could be a potential suitor.Morrison added 3.9 277.9 p.

However, Clive Black, an analyst at coast capital was skeptic. "As always, never can never tell potential; business stories"for this is dangereux.Cependant, we would be surprised to see this result for a number of reasons," he said.

While the Morrisons has capacity grocery online, he cast doubt on the likelihood of imminent or premium submission. "As an agreement would be highly dilutive to earnings and capital; statements""Morrisonun mechanism expensive to enter the e-commerce," he said.

Aside, primary Ocado concern market yesterday was a concern that Europe debt crisis is spreading despite the denials Portugal was under pressure to find a Chinese renflouement.Inquiétudes interest rates once more too their head mounting.

At the end of a volatile day, the FTSE 100 recovered earlier losses to close points hereby 5668.7.FTSE 250 throw points 25.61 10809.43.

With a sense of proving the scrapie, banks and minors were on the red side of the index.

Antofagasta and Vedanta Resources lost 52 ￡ 13.25% and 68% to ￡ 20.75.However, take more great drum was Royal Bank of Scotland falling 2.17% 38.69.La Bank supported by the State was followed closely by Lloyd's Banking Group, lost 2.85 61.85 percent.

After topped the Thursday on news that U.S. business owner Simon Property may be interested, shopping centres (CSC) capital classification still wearing the yellow Jersey.The acquired property investor 20 to 401 p.Vendeurs long date, Panmure Gordon, increased their position on the SCC to "hold" to "sell", saying that they believed that many of their previous concerns had now been relaxed.

"Long term if the company remains publicly quoted future is improved with ownership of the Trafford Centre and a strengthened balance sheet," added the broker.

But the mid-cap company Segro, property that was checked in the wake of the CSC Thursday, fallen on profit taking excretion 284?p 5.8.

Return among blue-chips, BT was beaten just to the position by the telecommunications company SCC.La had devoted a large part of the day star at the news he sold a 5 5pc its participation in Tech Mahindra, an Indian IT services group.

Also give BT an elevator was an optimistic note Exane BNP Paribas, bidding price target of BT by 265 20pc p.Après a solid performance in the first half, analysts said they were predicting an increase in earnings per share by 2012 and 2013 18pc.

Acquired BT 7.3 174.2 percent.

Among second lining Telecity has charge.Actions data center provider were under pressure from the end, that Collins Stewart said presented a good opportunity to purchase.

"The price current attributes little value for the prospects of exciting growth for the next few years," said analystes.Telecity donning congenital 471?p.

In addition, there were still indignity for Betfair. after launched Investec on betting online activities Thursday with a rating of "selling", UBS suit Friday.

Analysts of the latter stated that the liberalization of international markets betting provided "growth important opportunity", but should be set against the risk of more tax IRAP and be pushed existing markets - as it happened in France.

Broker donning a price target of ￡ 12.50 Betfair has fallen from 71% to ￡ 14.00.

Purpose, oil Explorer BowLeven placed m 22 new shares, raise 72 million pounds to redouble their exploration in Cameroon.

BowLeven hangar 13-325 p.

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Portugal, where the general strike was held Wednesday at potest austerity measures denied EU pressure for a rescue operation but markets did not believe them.?Photo: AFP

The European Central Bank pushes the Portugal to become the third country in the euro area to accept a "rescue" EU - IMF because of concerns that a Portuguese debt crisis will run its Iberian neighbour, Spain.

The fears of the EU and the eurozone Spain, fifth largest European economy is too large for the rescue and that a Spanish attack down European single currency.

Major European stock markets fell to suddenly unstable by news and talk about the bailout Fund EU be doubled.Ibex the Spain opened the way losing 2. 3pc, while exchanges in London, Paris and Frankfurt have declined between 1. 3pc and 1. 7pc .the ' euro hit $1.3204, its low since the end of September.

Borrowing cost the Portugal and Spain soared, with yields on bonds 10 years countries of records in the début.Cependant trade, Portuguese yields later fell after the country approved its austerity budget 2011, promising to stimulate growth and apply reductions difficult spending, which seeks to avoid a bailout of Irish style.

Parliament adopted the budget hours after a report by the Financial Times Deutschland stated that most of the euro area and the European Central Bank were based on Lisbon to request a kit international relief as the Greece and the Ireland had.

"If Portugal would use the Fund, it would be good for the Spain because the country is heavily exposed to Portugal," the Financial Times Deutschland said unnamed sources.

Mirror like leaking rumors and briefings there are three weeks the Ireland sought a EU bailout and despite the denials of all parties, the reports were later confirmed.

Portugal as Ireland, denied that it is currently under pressure from countries of the euro area and the ECB. ""Press paper is totally false, that it has no basis," said a spokesman for the Government.

However, Finance Minister Fernando Teixeira dos Santos (Portugal), suggested that the euro area grew Portugal to accept a bailout and the loss of sovereignty that allows the EU and the IMF to resume fiscal policy of the country.

"I am not referring to any particular country, much less in Germany," he told the Jornal de Noticias. ""But there is one of our partners in the European Union those who believe that the best way to preserve stability in the euro area is to push and the countries that have been featured in the force".

Jose Socrates, Prime Minister of the Portugal repeatedly denied that his country had need of a bailout plan and stressed that Lisbon will do its utmost meet the objectives of reducing the budgetary deficit.

He said Friday that the passage of the budget, which concluded many months of political wrangling that, at a given moment, threaten the survival of the Government removed Portugal cross of the crisis in the euro area.

Government of the Ireland resisted obtain assistance and refused all rescue before week reports that it admitted last Sunday he went put in receivership EU and the IMF.

As in the case of the Irish, many economists have suggested that EU subsidies and the IMF are a means of pressure on countries like Portugal to implement reductions in wild and tax increases.

The German Finance Ministry refused to put pressure on the Portugal. ""It is not at all the Department's position", said a spokesman.

The Portuguese Government aims to reduce its deficit 4 6pc domestic product gross year next 7 3pc this year.

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The euro sank to its lowest in the 2 months against the dollar fell below $1.34 sometime in the afternoon trade. The single currency fell by 2 cents to $1.342 at 3.50 pm.

Irish, Portuguese and Spanish Government bonds are also in the line of fire.

Yield - the rate of return earned by investors - obligations of Government 10-year reference is passed to 8 024pc of 7 869pc lundi.Sur Portuguese bond yield moved to 6 636pc of 6 523pc.

While the difference between yields on 10-year bonds Spanish and German lifted - another sign fears of investors - pink 223 basis points, the highest since a Summit euro-ère hit in June.

The Spain is responsible for large concern EU because it represents the Ireland of economy of the euro area, unlike the Greece 10pc and Portugal, which account for less than 2pc each.

FTSE 100 index of key actions London fell 1pc - or 58 points-5621 as European and global growth fears weigh on mining stocks.

Major stock markets and Germany France found 0. 8pc and 1. 6pc respectivement.Pendant this time Dublin Bank shares collapsed, losing ground even more than the coalition Government has imploded, compromising the prospective EU - IMF rescue.

"As if all European sovereignty issues were not enough, and they are, the markets were more résonnés as North Korea with impeccable timing, decided to show that its military might," said Jennifer Lee, an analyst at BMO group financial.

Two models for failure

A problem in the euro area is it is now two models for failure even Greece, Government mishandling economy infiltrated into the banking system and he outside markets.With the banking crisis, the Ireland overwhelmed which was also an economy that works.

Brussels insisted on Monday that the Portugal is "a totally different situation" in Irlande.Cependant, position of the Portugal is unfortunately not that different to the Greece.The Spain analogy is Irlande.Que the sovereign or the banking system is in crisis, there are now précédent.Et markets are once more surprising.

"It clearly the Greece was not an isolated case and European authorities are concerned with the contagion," said Simon Derrick, head of the currency at the Bank of New York Mellon."Interpretation of their behaviour, is that there is more risk there."

The greatest risk is the Portugal.Dette public sector, approximately 80pc of GDP, is not in itself a problem, but combined with a 9 3pc deficit which is unchanged despite some fiscal austerity in early (a VAT increase and spending cuts), it is easy to evoke fears of sovereign debt trap.

Worse still is the level of debt from the private sector, foreign investors PIB.Les 240pc relies on 40pc of bank financing and concerns about the economy were already "close Portuguese banks out of the markets" by Giada Giani, European Economist at Citi.

"This is a question about pricing and availability of credit", she added.Taking into account the extent of the debt to the private sector, a significant increase in rates caused by the Portuguese borrowing perceived economic contingencies could result in slower than the 0 2pc already anemic growth anticipated next year.

The Portugal minority Government pushes that remain fresh austerity measures to reduce the budget deficit by four percentage points but the questions about his credibility.

The Spain Irish problem

Problems the Spain echo Ireland .the banks the Ireland have five times the size of the active nationale.Banque the Spain economy assets are three times more grandes.Tous both suffered debilitating property bubble caused asset prices collapse.

However, Spain, has a stronger regulatory body and that half of its banking assets are held by the risky "cajas" or regional banks.

To date, Bank recapitalizations have cost 1pc Spanish Government of GDP, compared to the 20pc in Irlande.Mme Giani said "there is more bad news to come".Seulement €with a jar of recapitalisation raise € has been drawn up to now.

As the Ireland Spain, finances do not were in a mess until the crisis has public frappé.Dette provides only 65pc of GDP this year and 9 3pc deficit must be reduced by five points percentage under a regime of austerity.

Great fear, however, is that the cajas release a new storm on the Ireland publiques.Pour finance, Bank bail pushed 12pc budget deficit at 32pc .c ' is a rescue operation too far.

Market currencies were also concerned that speculation that China will raise interest to curb rampant inflation, injuring an already faltering global recovery rates.

While Korea North and South Korea exchanged fire Tuesday, adding to the geopolitical uncertainty,

A strengthening dollar hit the price of gold.

"Or is likely to be remained in the near future, with $1 340 is a good level of soutien.Les perspectives are still strong, the European debt situation is not very optimistic, said the trader based Singapore.".

Uncertainty in Europe and the far East affected stock markets in Asia, with China Shanghai low index of 2pc.

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Assuming that the report is correct, he said, it's a coup for the imagination. He added that the market share of imagination was likely dip next year as he suspects that Apple, one of two major customers imagination, will be reluctant to pursue market share at the expense of its peak margins.

"Actions are the price of perfection, but Samsung is a reminder that imagination, in contrast to ARM, has plenty of competition, said Mr. Sparks, cut its rating on the imagination" to sell ".".

Tumbling 41.2 percent 362.3 353.9 p 3.3 ARM while imagination.

Elsewhere in the technology sector, Autonomy Corporation has slipped back trop.Le Designer software to search e-mails and telephone conversations has dropped 30 percent to ￡ 13.89 despite an optimistic note Panmure Gordon. Kept analysts as their "buy" rating on the stock, pointing to the signs of a thaw law firms spending computing.

Lawyers use of information technology was however not main preoccupation of the market.

Prove more troubling is news that inflation in China has reached a maximum of 25 month in October.This led to fears that China may raise interest rates to cool the economy that is raging, thus curbing demand produits.Huile fell $2.59 $86.21 during the day on Friday and gold gave up $ 13 $ $1,389 an ounce.

Unsurprisingly, these concerns hit mining with sliding 40 p ￡ 14.32 Antofagasta and Xstrata fall 38? ￡ 13.80?.Kazakhmys was the largest faller, dropping 53% to ￡ 14.98.

While the FTSE 100 tumbling 1pc earlier in the morning on Chinese anxieties and persistent concerns the economy of the Ireland index recovered reference some of these losses close points 18.36 5796.87.Le FTSE 250 throw points 32.58 10866.49.

A rally Friday return was Royal Bank of Scotland (RBS) financial stocks selected place on rumours that loaded debt Ireland can receive European aid.

Decreased investor Thursday strings for his exhibition at the Ireland, the Bank-backed State has bounced back as Bank of America - Merill Lynch described as excessive and repeated predatory their "buy" rating on the shore.

"Since mid-September CSR actions are low 18pc v. ￡ structured market capitalization wiping .the price from a coincided with the construction of the concerns of the Irish sovereign debt," said analysts.

They added that given existing CSR provisioning and broker already cautious loss estimates, they thought that price movements share have been exaggerated, and an opportunity to buy the stock.

RBS acquired 0.89 to 41.91 p, Lloyds Banking Group is also on the rise, Don 0.98 69.57%.

But gaming at the top of the leader board to Rolls-Royce.Stock has taken a knock in recent days about the fallout surrounding that brought a Qantas A380 engine failure do .but Friday, emergency landing Rolls said that the failure was confined to an item in turbine engine and fixation of the fault would lead to only slightly lower growth in profit, the manufacturer of engine up to 27 percent lift 611.

Analysts said Killik, although uncertainty about the Trent 900 engine was likely to dwell for longer, they believed that the Declaration of the rollers showed that the incident has been mastered and price response scale hand this week looks exaggerated.

"However, we would highlight a purchase actions is step safely in short term, and another incident similar would very useful," added the broker.

Second lining Spectris have in advance it revealed that incomes continue to rise, .the ' electrical engineer stated that revenues for the four months at the end of October had increased 21pc, adding consulted sales in all parts of the company.

As a result, Spectris - whose products are used to measure noise levels - said that expected earnings before taxes adjusted for the year to overshoot slightly current forecasts.

Altium Securities hit their target price on Spectris 13 ￡ ￡ 12 and retained their "buy" recommendation

In the light of the positive statement, the broker increased its profit forecasts throughout the year by 17 5pc to 120 million pounds of 102 million pre-tax for ￡ .Spectris is 58 percent to ￡ 11.80.

WINS also field on the back of strong results was Electrocomponents .the electronics provider has doubled profits before taxes half ￡ 50.5 m, sending its shares to 11.9 percent 259,8.

KBC Peel Hunt says that it is an excellent result driven by a strong international performance - especially in the United States. given the continuing positive momentum, they leave their "buy" "hold" rating and increased their price target to 280 p 235 p.

But Misys came under pressure, lost 5.4 290.1 p, new spends 375 million to ￡ on world based in Dublin, in an effort to expand its activities capitaux.Misys markets software is stronger bonds, credit and currency software while world focuses more on equity and derivatives of fairness in the light of the agreement, Panmure Gordon increased their rating on Misys "buy" to "hold".

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NEW YORK – Future actions are pointing to a lower start to the week after that completed significant market indicators week last at their highest level for more than two years.

With no major economic reports scheduled for Monday, traders will probably a second look parade led indications of market at levels not seen since Lehman Brothers has collapsed in September Dow Jones industrial average 2008.La climbed 2.9% last week, while wide standard and Poor 500 index rose 3.6%.

Future average opening Monday, industrial Dow Jones Futures is down 12 or 0.1% of 11,364.Term for standard and Poor 500 index is down 2.1, or 0.2 percent, to 1,219.50, while the Nasdaq 100 Futures is down 6 or 0.3%, 2,178.75.

Stocks have risen in recent weeks on the better than expected corporate earnings reports and the introduction of a bond by the Federal Reserve which aims to stimulate the economy .the Central Bank purchase program announced last week it intends to buy 600 billion in government bonds in the middle of the year next to lower interest rates drive and stimulate spending.

The dollar is 0.6 percent against a broad basket of currencies .the ' euro fell 1.1% of recent summits, $1.39 trade after reaching $1.40 to the close of trading Friday.

Foreign markets were mixed. The Euro Stoxx 50, an index that tracks business in Europe, is decreased by 0.2 %.Référence index composed of Shanghai China increased by 1.0%.

Before the opening of the market, Chrysler announced that it will raise its benefits throughout the year, despite the loss of 84 million in the third trimestre.Cette forecasts loss is smaller than $ 172 million the company lost in the second quarter.The company stated that a new version of her Jeep Grand Cherokee has led new sales.Chrysler has been managed by the Italian manufacturer Fiat SpA since bankruptcy protection he left last year and should announce an initial public offering in 2011.

Traders will have a better indication of expenses later in the week, as several large retailers advertise consumer gains.Corp. of the Kohl of Macy and J.C. Penny Co. Inc. will publish their gains in third quarter begins mercredi.détaillants as Gap Inc. and Macy has increased more than 8% week last on the better than expected October sales which suggest that consumers will increase their spending the holiday period.

The Group of 20 industrialized countries and developing leaders will meet on Thursday and Friday at Séoul.Les tensions grew between the Group concerning trade imbalances and respective strength of the Chinese yuan and the representatives of several countries dollar.Les criticized bond purchase programme the Fed concern that it will trigger bubbles in emerging economies.

? 2010 The Associated rights Press.Tous réservés.Ce hardware cannot be published, broadcast, rewritten or redistributed.

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"After the failure of engine flying Qantas A380 QF32 on November 4, 2010, Airbus issued a telex operators all requesting operators the A380 with Rolls-Royce engines for the inspection of the power to ensure ongoing security operations, fleet" Airbus said in a statement Friday.

Rolls Royce, which fell 5MC yesterday after the incident, shares slipped another p 3 6pc to 599 stock early Friday.

Part of the Trent 900 roller engine decays would have been in the air, on the Indonesia, forcing the flight to Sydney to an unscheduled landing Singapore.

Said rolls it "prudent to recommend that a number of basic motor precautionary checks is carried out" on the Trent 900, which is used to power command driven by Lufthansa, Qantas, Singapore Airlines.

Qantas grounded its fleet of six order pending security checks will take 24-48 heures.Singapore Airlines said delay all the A380 flights while checks are performed.Lufthansa has said that it will make inspections between flights.

Specialists of the Airbus team arrived at Singapore.He said that it will provide technical assistance to a French team of inspectors to the Australian authorities conducting the investigation.

Airbus, a subsidiary of EADS, said airlines, powered by Engine Alliance, made by GE and Pratt & Whitney flight control aren't affectées.Air France and Emirates use Pratt & Whitney engine in their command.

Motor rollers have systems that monitor performance and information will be used in the investigation into what went wrong, the company said.

Motor coils have been under the spotlight recently, with Airbus great rival Boeing, delaying the delivery of its 787 Dreamliner, accusing a delay in the availability of Trent 1000 rouleaux.Plus early in the summer, a Trent 1000 engine jump on roller test site of Derby.

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Dow Jones in stir-fry to a maximum of two fresh years, earning more than 170 points - or 1. 5pc - 11,386 - yesterday it 0. Pink 2pc after the Fed describes his plan link purchase. The broader S & P 500 gained 1. 3pc and technology-rich Nasdaq was increased by 1. 2pc.

US retailers reported strong sales in October and has helped to lift shares with gap until early commercial 7pc 4pc Macy.Preuve U.S. shoppers were more spending on traders assisted clothes get rid of an increase in the number of new claims for unemployment higher than expected.

Actions around the world was supported by the decision of the Federal Reserve to introduce quantitative easing most of creating more money and to increase the supply of money in the economy - which will need to buy $grant to Treasury bonds a month until next June.

"We believe QE2 will be more efficient that investors realize," Andrew Garthwaite, London head of global strategy for equity Credit Switzerland wrote in a report."Remain us overweight actions."

Positive feelings have lifted the other major awards European and Asian .the ' Germany DAX rose 1 65pc, CAC-40 France 8pc 1 and 2 2pc, despite pressures on exporters the dollar fell below the level of yen 81.Hong Kong Hang Seng added 1 6pc and Shanghai Composite Japan Nikkei China closed until 1 9pc to a maximum of seven months of 3,086.94.

Although the prospect of more money into the financial system has been a boon for stocks, dollar tombé.Le dollar is at its lowest level since December 2009 against a broad basket of currencies and secured against this index Thursday 1pc.

Finance Ministers in emerging as China and the Brazil criticized the Fed stimulus plan and said that additional supply of dollars of investment could lead to bubble in their country.

Sterling is increased to its highest in nine months against the dollar - briefly striking $1.63 - Thursday after the Bank of England held the interest rate and unlike conserved United States its programme for the purchase of goods organize according to the economic recovery signs United Kingdom is on the right track.

The pink 1pc of euro against the dollar as investors has increased tolerance to risk on inflation and growth forecasts in the euro area after the departure of the European Central Bank reference interest rates unchanged as expected.

In London, rising stock prices was assisted by a 6 1pc miner BHP jump, partly due to the decision of the Federal Reserve and the rest the outcome of the Canada block its $remained hostile to group potash fertilizer.

Other minor grew strongly and with the rise of Natural Resources, Xstrata, Kazakhmys and Rio Tinto between 5 1pc and 6 9pc.

Good new business has also helped the man mounted 14pc sentiments.Groupe upwards classification FTSE after that most large listed company hedge funds world beats its own first half profit forecasts and announces the resumption of the assets of the client.

The firm, which saw eight straight quarters of net, said customer assets rose to $40. 5bn at the end of September. against estimates of $39. 5bn in September.

Unilever, the consumer goods group increased by 5 3pc after an optimistic statement in its ability to raise prices and to reduce the cost of commodity prices higher that it corresponded forecasts with a counter rising sales of third quarter.

"Consensus beating results continue to be favourable to the market with the authorities in fact appear to be prepared ready and able to support the economic recovery, which is good news", Henk Potts, Barclays Wealth, equity strategist said.

The rise is tempered by a 4 6pc fall at Rolls Royce after Qantas Airways flights suspended its fleet of Airbus A380 after the failure which led to an emergency landing at Singapore Rolls-Royce Trent 900 engine.

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Smiths Group already provides some United States scanning cargo explosive devices designed to detect. No decision No has yet been taken as to whether UK purchase of new hardware scanning, but Theresa may, the Home Secretary is committed to explore Britain's air cargo security.

Monday, Smiths Group said the industry as a whole had been pressing explosives screening can be extended to the air cargo during a certain time and that strict, standardized for explosives detection air cargo regulations should be applied internationally.

Defence of peers, BAE Systems, Cobham and mid-cap QinetiQ donning 353.1 8.4 p, p 3.2 234.8 and slight 3.8 respectively.

BAE had too many news of its own - it has been selected among a number of potential contractors to develop intelligence and security for the FBI, giving access to a portion of a contract BAE Systems useful both to $30bn (￡ 18 7bn).

Their earnings came a day when the closure of the FTSE 100 points 5694.62 19.46.Investors have been keeping their powder dry ahead of a number of key events to determine the outcome of the meeting of the Federal Reserve for tomorrow.

Distributed on the rise of China manufacturing data has helped raise the minors with Xstrata reaching 45 p ￡ 12.54? and Kazakhmys up 23% to ￡ 13.39.

But at the other end of the scale, outsourcing giant that Serco tumbling 587 p 27 after apologising asking suppliers to a 5pc 2 cash rebate on labour this year or losing future risk contracts.

Numis analysts has moved their rating on Serco to "reduce" from "hold", saying that the revelations suggest "some reputation damage".the broker said that if Serco is able to obtain economies through the supply chain, then there is to be on the current question marks to 6pc margin and its 6 3pc target for 2012.

Join Serco among the laggards, was the following, which throw 46 percent to ￡ 22,39, as the issue of the increase in cotton prices weighed on investor.

Analysts from Liberum Capital downgraded the high street retailer "neutral", as they considered clothing "benign slander" inflation.

"In an environment of low growth, a low level of inflation is a good thing for a retailer, if they can passer.Cependant with cotton to China in 35pc since July and also growing artificial fibres price, esti?ate mixed year on year price increases have spent 8 1pc 9 7pc,"said broker.""

Analysts think retail guided increase 5MC with 8pc following prices has now appears to be low and believe that gross margins for the following detail fall a "modest" 30 basis points in the second half and 50 basis points next year.

Conserved RBS analysts "hold them" rating on following before third quarter trading update on Wednesday, but increased their target price at ￡ 20.90 ￡ 19.50.

'We expect to report a deceleration in sales momentum to directory and the retail divisions' said the dealer.

Fashion retailer ASOS tomb AIM listed online 92 p in the ￡ 13.25 after KBC Peel Hunt cut its rating to "sell" to "hold" for reasons of evaluation .the analysts have argued that, although it remains a high growth company as actions already full price of ￡ 2015 billion sales target direction ASOS, there are risks for the inconvenience.

Return among blue-chips, commercial capital centres dispose 4? 379.9 p .the ' fall came as Panmure Gordon downgraded real estate "neutral" from "overweight".

Analysts have retained their "sell" rating on the capital shopping centres, saying that their "fundamental concern with the company remains its ability to achieve growth like-for-like rental, from the perspective of a business environment more difficult for many retailers.

Weir was subjected to profit-making aim, fell 21 percent to ￡ 15.37.

In the FTSE 250, happened points 31.78 10875.28, recruiters were leaping up to the classification through Credit Suisse.Dans thrust a note on the professional staffing, increased analyst Michael Page "outperform" from "neutral" area, saying that the potential for significant growth is not reflected in the price of the broker actions.Le also raised Hays "upgrade" to "neutral", arguing that the international expansion will be more than offset a British market more difficile.Michael page checked 18.6 percent 489.8 while Hays has increased by 3.3 percent 113.8.

But at the other end of the spectrum, Melrose resources dragged 54.8 at 270 p after a Canadian oil and gas company Sterling Resources, ended his farm in agreement with the British Explorer Romania.

Cosalt, oil services group climbed 0.62 to 4?p Monday after confirming that he had contacted is a potential bid for its maritime activities.

However, the company stated that discussions were not "sufficiently advanced that no proof that a transaction might be reached.

The Daily Telegraph reported Saturday that Cosalt was in talks to sell his company Survitec maritime safety equipment of back-to-back privé.Le capital group survival belonged to Warburg Pincus technology thought lead continuing to acquire Cosalt Navy m ￡ 25 to 35 million pounds, but it could still facing competition from rival bidders.

Cosalt Marine, hardware client services including canoes rescue and survival suits, made operating profit before one-time items of ￡ 1.3 m within six months of may, on the revenue of ￡ 30.7 m.La society stated at the time that the company had put in a "performance resilient given the market environment.

The Group made a loss before tax of ￡ 1.5 the period of six months on the revenue of ￡ 48 m.3 m.

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LONDON (AFP) – London's stock markets drifted lower in opening deals on Friday, with investors cautious before the publication of vital US economic growth data for the third quarter.

The benchmark FTSE 100 index of top shares eased 0.15 percent to 5,669.65 points.

Later on Friday, at 1230 GMT, investors will focus on the first estimate of third-quarter gross domestic product in the world's biggest economy.

Market expectations are for an expansion of 2.0 percent in the three months to the September after 1.7 percent growth in the second quarter.

Further ahead, next week the US Federal Reserve will deliver its latest monetary policy decision, with hopes moderating for a stimulus measures to boost the nation's economy.

"Today?s release of the third quarter GDP figures will prove to be a big test," said CMC Markets analyst Michael Hewson.

"If the figure comes in considerably better than 2.0 percent, we could well see a dollar bounce on expectations of a reduced stimulus package next week.

"A poor figure, then expect the dollar to fall quite quickly, especially against the yen."

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