BT Three Minute Markets Update

We'll be affected after a down day everywhere due to more concern about Cyprus: FTSE -0.7%, DAX -0.9%, S&P -0.8%, Dow -0.6% US jobless cliams now the lowest in 5 years, home sales rose slightly.

ASX may be +0.4% at the opening with good news after 3 days of market weakness, due to the FOMC statement about Cyprus: FTSE -0.1%, DAX +0.7%, S&P +0.7%, Dow +0.4%.

US housing starts rebounded to 917,000 from 910,000; US building permits up 4.6%, 11th monthly rise in a row, highest since June 2008.

February CPI month-to-month +0.7% (concensus: +0.5%), largest since June 2009 but mostly because of petrol, and up from January's flat reading.

A good positive session - FTSE +0.7%, DAX +1.1%, Dow & S&P +0.6%. Dow's 10th rise in a row, a streak not seen since '96, only 8 since '48 but ominously the longest streak, of 13, was in '87 before the crash.

Markets treading water overseas but we may rise to correct yesterday's fall - FTSE +0.1%, DAX -0.2%, S&P -0.2%, Dow flat.

Markets treading water overseas but we may rise to correct yesterday's fall - FTSE +0.1%, DAX -0.2%, S&P -0.2%, Dow flat.

There is not much to report as there were no economic data releases in the US and Europe. The FTSE was up by 0.3%, the DAX was close to flat, and the S&P and Dow were both up by 0.3%.

We'll start +0.4% after a good night. FTSE +0.7%, DAX +0.6%, S&P +0.4%, Dow+0.5%, fourth record high in a row, and it and the S&P rose for 6 sessions straight. S&P has risen 123.9% since it's low on the back of good employment figures.

DAX +0.3%, FTSE, S&P and Dow +0.2% - Yesterday ECB, Bank of England, Bank of Japan met and kept policy unchanged, and US 4-week avergae of jobless claims at its lowest point in 4 years.

Nothing much in Europe, FTSE -0.1%, DAX +0.6%, US had a seesawing day and ended S&P +0.1%, Dow +0.3%. Australian GDP result was middle of the road suggesting we're growing, but slowly, and consumer spending is lower than expected.

We'll be up +0.5% after a very good session. Economic retail sales in Europe saw DAX +2.3%, FTSE +1.4%. US followed, driven by reassessment of China and non-manufacturing ISM gains (+3% GDP), Dow +0.9%, S&P +1%, Dow now at an all-time record high.

We may gain 0.7-0.75% on the opening due to US markets; FTSE -0.5%, DAX -0.2%, US stayed down until the afternoon but ended up Dow +0.3%, SP +0.4%. There was concern over new measures in China to subdue property speculation and inflation and the US sequester came into operation - $85bn of cuts but markets rose anyway.

FTSE +0.3%, DAX -0.4%, S&P and Dow +0.2% - both recovering over the week from their reaction to the Italian election. US personal income data fell 3.6%, second largest decline ever.

Generally positive: FTSE +0.5%, DAX +.9%, Japan +2.7%, Hong Kong +2%; US let the side down SP Dow -0.1%. The ASX is +9.8% for the year to date, the best start to a year in the history of the ASX500.