RAMSEY CROOKALL & CO

MORNING REPORT

4 NOVEMBER 2010

Yesterday’s announcement of a second phase of quantitative easing in the US has sent shares soaring.

Miners in particular are going well on hopes that the stimulus measures will help sustain the global economic recovery.

BHP Billiton, Kazakhmys and Xstrata move ahead.

In other sectors, Anglo-Dutch household goods giant Unilever is higher even after it saw underlying sales growth ease off in the third quarter, despite a strong performance in emerging markets. Third quarter turnover at the Knorr soup and Dove soap group was up 13.2% at €11.55bn from €10.20bn a year earlier, ahead of some market forecasts of €11.35bn.

Elsewhere, Man Group is going well after the hedge fund manager saw funds under management in the three months to September 30 rise to $40.5bn (£25.2bn) from $38.5bn ‘due to strong investment performance and favourable FX movements.’

Finally,supermarket Morrisons is missing out on the fun after a rise in sales failed to impress. In a brief statement, the company said total sales excluding fuel were up by 2.8%, with like-for-like sales up by 1.3%.



THE FTSE 100 AT 9.30 IS UP 99 @ 5848

THE DOW JONES CLOSED UP 26 @ 11,215 THE NASDAQ COMP CLOSED UP 6 @ 2540 Exchange Rates

GBP – USD 1. 6188

GBP – EUR 1. 1367













































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