UK MARKET TALK ROUNDUP: BROKERS COMMENTS -3-

0619 GMT [Dow Jones] (An item at 0600 GMT, misstated Yang Ming Marine's closing stock price. The correct version follows:) Taiwan shares end down 0.3% at 7612.68 in quiet trade, taking breather after ending at 5-week high yesterday. Hua Nan Securities Investment Assistant Vice President Henry Miao tips Taiex in tight 7550-7650 band tomorrow as investors waiting for signing of Taiwan-China trade pact. "As long as the pact isn't signed, the market won't treat it as a negative, but after it's signed, people will start trimming positions," he says. Nasdaq's decline overnight weighs on tech shares: TSMC (2330.TW) off 1.1% to NT$62.60, Hon Hai Precision (2317.TW) down 2.4% to NT$123.50, but China-oriented companies gain on China's move to allow greater CNY flexibility: President Chain (2912.TW) +1.5% to NT$97.70, Cheng Shin Rubber (2105.TW) +1.0% to NT$68.20; Clevo (2362.TW) +2.0% to NT$72.50; Yang Ming Marine (2609.TW) ends limit up 7.0% in heavy volume at NT$15.30, highest since September 2008, as investors revise up company's 2Q earnings forecasts on shipping demand from Europe, U.S. (alex.pevzner@dowjones.com) 0611 GMT [Dow Jones] PREVIEW: New Zealand's 1Q current account deficit expected to narrow, may record surplus as boosted by improvement in trade balance, according to economists. According to median forecast from Dow Jones poll of 9 economists, 1Q current account deficit at NZ$250 million vs NZ$3.57 billion in 4Q; deficit in 12 months to Mar. 31 expected at NZ$5.03 billion, 2.7% of GDP, vs NZ$5.47 billion in previous quarter. BNZ economist Craig Ebert says 1Q balance could be close to flat due to "seasonally high exports and seasonally low imports." ANZ Bank senior markets economist Khoon Goh says deficit likely to widen from now on "improving corporate profitability, rising borrowing costs and the strengthening in demand." (lucy.craymer@dowjones.com) 0609 GMT [Dow Jones] Stronger Aussie bond prices today reflect overreaction to yesterday's announcement China will allow greater flexibility for yuan, says Rory Robertson, interest rate strategist with Macquarie. Aussie 3-year recently up 6 ticks at 95.06, 10-year up 4 ticks at 94.585. "The Chinese announcement produced a very upbeat knee-jerk reaction in risk markets around the world and a down move in risk-free markets, but it has been quickly unwound today. Look at the bounce in U.S. equity markets yesterday, that lasted about an hour," says Robertson, who notes China announcement was already in the works "for a while." (geoffrey.rogow@dowjones.com) 0657 GMT [Dow Jones] Whitbread's (WTB.LN) first-quarter performance is strong, says Credit Suisse. Premier Inn's sales growth of 10.5% beats expectations of a 7% rise, CS says. "Greater visibility on margins will likely only come at the 1H stage but we expect consensus numbers to increase today," CS says. Outperform rating, 1812p target. Shares closed Monday at 1478p. (michael.carolan@dowjones.com) Contact us in London. +44-20-7842-9288 Markettalk.eu@dowjones.com (END) Dow Jones Newswires June 22, 2010 08:48 ET (12:48 GMT)