News Today - Aug 19

* Asian stock markets trade mixed, with Japanese and Hong Kong shares lower, weighed partly by banks and airline stocks.

* Hewlett-Packard's quarterly earnings fall as sales of PCs, printers and software all decline in the recession, though the results manage to beat Wall Street's low outlook.

* Wholesale prices in the U.S. fell more than forecast in July as energy costs receded, capping the biggest 12-month drop on record and showing inflation will not be an immediate concern for Federal Reserve policy makers.

* The U.K. inflation rate unexpectedly held at 1.8 percent in July as the cost of computer games, DVDs and alcohol rose, a sign the economy is staving off deflation as the recession eases.

* US Stock Rally Has Hit a Wall: Bond market Giant Pimco's El-Erian