Before the bell

PRE-OPEN MOVERS

U.S. stock futures gained Friday after the government reported retail sales
climbed 1.3% in November, better than expected. Futures for the Dow Jones
Industrial Average gained 50 points to 10,393. Those for the S&P 500 Index
climbed 6.8 at 1,104.00. Nasdaq 100 futures advanced 11 points to 1,809.

GLOBAL MARKETS

European shares rose on Friday, with miners lifted by hopes for rising demand
for metals after data indicated that China's economic recovery continues to
strengthen.

Asian shares ended mostly higher Friday after data from China appeared to show
that the economic recovery there is gaining momentum.

BROKER ACTION

Deutsche Bank upgraded Bway Corp. (BWY) to buy from hold Friday, saying the
packaging company's fiscal fourth-quarter results had been helped by strong
margins and that it has managed the downturn well. Deutsche Bank said it was
maintaining its fiscal 2010 earnings forecast of $1.55 a share, but lifting its
target price to $22 a share from $17 a share based on higher expectations for
growth and revised assumptions on earnings before interest, taxes, depreciation
and amortization.

Analysts at J.P. Morgan raised their rating Friday on NCR Corp. (NCR) to
overweight from neutral, citing expected 5% revenue growth from the ramp-up of
its Blockbuster Express operations. The broker said it believes the core
business for the maker of automated tellers and related technology products
remains weak, however. "There's still a ton of execution risk in this story,
and company guidance has been poor recently, but we think risks are priced into
the stock," the analysts wrote in a note to clients.

BREAKING NEWS

* French defense-electronics specialist Thales SA (FR:HO) on Friday announced
plans to cut costs by 1.3 billion euros ($1.9 billion) over the next five years
in response to delays on several key programs, government budget constraints
and a weaker dollar.

* The Airbus A400M military transport plane made its long-awaited maiden flight
Friday, in what investors and industry watchers fervently hope is be a
definitive sign Europe's largest defense project is finally off the ground.

* German banks and insurers agree to impose restrictions on bonus payouts a
year earlier than previously planned in a move that followed tough new bonus
taxes in France and the U.K.

* Seattle Genetics Inc. (SGEN) said Friday that Genentech, a division of Roche
Holdings (CH:ROG)(RHHB.Y), has terminated the companies' collaboration
agreement for dacetuzumab, a potential cancer treatment. The decision is a
result of Genentech's ongoing portfolio review process, Seattle Genetics said.
Dacetuzumab is a monoclonal antibody that has been investigated in clinical
trials for non-Hodgkin lymphoma and multiple myeloma. "We will evaluate
available data as we consider possible next steps for the dacetuzumab program,"
said CEO Clay Siegall.

* U.S. retail sales rose a better-than-expected 1.3% in November, the third
increase in the past four months, the Commerce Department estimated Friday. The
sales gains were widespread across most kinds of retail outlets.
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IWAN CAHYO SURYADI, "The Trend is Your Friend"

Market Review 11/12/2009

Dear fellow investor, here a market review today:

* The European DJ Stoxx 50 this morning is up +0.52% and Mar S&Ps are up +4.80 points. The dollar and Treasuries are lower while commodities and global stock markets rallied after China's industrial production grew more than forecast. Nov China industrial production rose +19.2% y/y, more than market expectations of 18.2%, as exports fell the least in 13 months and imports surged, boosting confidence in the worldwide recovery. European mining stocks gained, led by a 2% jump in BHP Billiton, as metals prices rose, and ING Groep NV surged 5.4% after the bank said it will repay 5.6 billion euros ($8.3 billion) in government aid. European leaders say government measures to stimulate the economy should stay in place until the "recovery is fully secured," according to a draft released at the conclusion of a summit in Brussels that ends today. According to the draft, "forecasts suggest a weak recovery in 2010, followed by a return to stronger growth in 2011" and once the r ecovery is in place, governments should rein in their budget deficits by 2011 "at the latest" as long as forecasts by the European Commission "continue to indicate that the recovery is strengthening and becoming self-sustaining."

* The Asian markets today closed mostly higher with Japan up +2.48%, Hong Kong +0.93%, China -0.06%, Taiwan +1.53%, Australia +0.62%, Singapore +0.68%, South Korea +0.02%, India -0.41%. Asian stocks soared after China reported better-than-expected industrial production figures. Asian markets also received a boost after the PBOC said Nov new local-currency loans totaled 294.8 billion yuan ($43.2 billion), more than the 253 billion yuan of new loans in Oct, while China's M2 money supply rose a record +29.74% in Nov y/y. China's banking regulator plans to slow new lending to between 7 trillion yuan and 8 trillion yuan to ensure that there is enough credit to support an economic recovery without increased risks of bad loans and asset bubbles. Despite all of the encouraging economic news, China's Shanghai Composite Stock Index closed -0.06% lower on concern that the government will need to raise interest rates early next year to prevent overheating and to avert asset bubb les.

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IWAN CAHYO SURYADI, "The Trend is Your Friend"