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For U.S. stock market report double-click 0758 ET 04June2009-Airline losses to top forecast in 2009: IATA ------------------------------------------------------------------------------

Global airline losses will be worse that forecast in 2009, and with cause a knock-on effect on suppliers, the International Air Transport Association said on Thursday.

IATA Managing Director Giovanni Bisignani told Reuters in an interview that the body would revise its forecast of $4.7 billion of losses at its annual meeting on Monday.

"We are going to revise them for the worse because the numbers we have seen in passengers and in freight are not showing any improvement," Bisignani said, adding that it would take 3-4 years before revenues recovered to pre-crisis levels.

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Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0751 ET 04June2009-SocGen starts coverage on Apple at buy ------------------------------------------------------------------------------

Societe Generale on Thursday started coverage on tech giant Apple Inc with a buy rating, calling the company one of the strongest brands in the consumer electronic industry.

"With close to 200 million iPods in circulation worldwide, a solid first-mover advantage in the application distribution market, and many potential buyers still locked into carrier contracts or expecting availability at lower price points, we estimate that latent demand for the iPhone is extremely high," the firm wrote.

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Shares of Apple edged 0.1 percent lower to $140.77 in premarket trading.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0745 ET 04June2009-Most retailers missing estimates in May sales sales ------------------------------------------------------------------------------

A large majority of retailers have reported same-store sales results below expectations in their May results, according to Thomson Reuters data. The median surprise for the group has been minus 0.7 percent.

According to the data, with 12 retailers having reported, 70 percent-- or seven retailers-- have missed estimates. Two retailers have beaten estimates while 1 has been in line. Two other retailers didn't have estimates and there are 18 retailers still to report their monthly sales results.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0742 ET 04June2009-Futures up ahead of jobless claims ------------------------------------------------------------------------------

U.S. index futures were up on Thursday, ahead of the release of weekly jobless claims data. Investors were also looking to monthly sales results from retailers for direction on the market.

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Dow Jones industrial average futures rose 26 points while S&P 500 futures gained 2.4 points and Nasdaq 100 futures were up 0.25 points.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0731 ET 04June2009-Crude oil rises after increased Goldman forecast ------------------------------------------------------------------------------

July crude futures rose on Thursday, following a steep decline in Wednesday's session. Sentiment on the commodity was lifted after Goldman Sachs increased its oil price forecast to $85 per barrel from $65 per barrel.

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The contract gained 1.7 percent to $67.22 per barrel.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0714 ET 04June2009-Bernstein upgrades Goldman, raises target on

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Bernstein Research on Thursday raised its view on two financial services companies, upgrading Goldman Sachs Group Inc and raising its price target on Morgan Stanley.

Goldman was upgraded to outperform from market perform. Bernstein also raised its price target on the stock to $176 from $113. Morgan Stanley's price target was lifted to $37 from $27.

Bernstein forecast a recovery in fixed income, which it said would provide significant revenue opportunities.

"We believe Morgan Stanley and Goldman Sachs will enjoy this rally as they grab market share in a less competitive environment, but we believe Goldman Sachs will be the ultimate winner... as is unrelenting in maintaining its reputation as the largest, most successful institutional trading firm on Wall Street and will continue to seize 'up for grabs' market share and take advantage of credit market opportunities."

Shares of Goldman rose 1.7 percent to $144.50 in premarket trading while Morgan Stanley closed at $29.72.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS

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