Investors are cautious as the main theme this week is earnings in the United States in the first half and those from major Japanese companies in the second half.

She was older than me and went to the United States first, and she was the main reason that I chose to go to the States. When we later broke up, I felt so sad and frustrated and wrote this piece. The song describes the mood of a sad man sitting in front of the sea, willing to cry.

There was a string of positive trading incentives today.

The U.S. has been a graveyard for U.K. retailers, so investors are a little cautious. It could be that it wants to a get a flavor for the market through a small operation and then make a massive acquisition to get instant size.

In the heated discussion of the US-China relations within the United States in the first half of this year, US President Bush, State Secretary Rice and other high-ranking officials showed their sincerity and goodwill to respond to the Chinese side as they take the overall situation of the bilateral ties into consideration.

Equity valuations are still appealing. We think investors are too cautious.