4:00PM NY, 10:00 PM Frankfurt, 1:30AM Mumbai – Global Markets

Yields edged higher on 10-year U.S. bonds and closed at 5.19% and 30-year bond rose to close at 5.28%.

Crude oil advanced $1.00 to close at $72.81 per barrel, natural gas was closed down 17 cent to $6.44 per mBtu, and gasoline futures gained 2.5 cents to close at 230.96 cents per gallon.

Gold gained $4.20 to close at $654.80 per ounce, silver gained 18 cents to close at $12.76 per ounce, and copper futures gained $32 to close at $7,951 per metric ton.

In New York trading, averages rebounded in the late afternoon trading on takeover news, healthy job market report and speculation on earnings. Dow Jones closed up 46.10 to 13,612, Nasdaq gained 9.86 to 2,666.51, S&P 500 rose 5.07 to 1530.47.

Chicago Mercantile Exchange (CME: chart) revised its offer for CBOT Holdings (BOT: chart) third time to $11 billion lifting stocks of both exchanges. Nymex Holdings and NYSE Euronext gained more than $2 in trading. Retailer Target Corp (TGT: chart) gained on speculation that the credit card division spin-off. Sears Holdings, Macy’s, and J.C. Penney participated in retail stocks rally. Surge on oil price lifted stocks in oil and energy complex stocks. Exxon Mobil, Tesoro, Valero and Conoco Philips jumped. Newmont Mining jumped 5.6% on the news that the company will disband or sale its trading division.

Of the recently listed IPOs, The Blackstone Group (BX: chart) increased 3%, Sterlite Industries (SLT: chart) rose 2.5%, but Interactive Brokers (IBKR: chart) plunged 8% on the news that German unit loss will hurt earnings.

Latin Markets closed higher across the region on higher metals and oil prices and rising markets in New York trading. Brazil gain of 0.91%, record close, led the region followed by 0.7% rise in Mexico, and 0.1% increase in Argentina. Chile dropped 0.8%.

In Sao Paulo trading, Bovespa Index closed up 0.91% to 56,443.73 on the inflation news. June inflation was reported by the census bureau at 0.28% matching May inflation and lower than estimate of 0.3% by local economists. Inflation news lifted real against dollar by as much as 0.7% and traded near 1.9 to a dollar level. Telecom stocks rallied led by more than 2% rise in Brasil Telecom, TeleNorte Leste, and Vivo Particpacoes. However, Telesp Celular fell 1.9%. CVRD and Petrobras gained as well. Eletrobras and Pao de Acucar gained more than 1%. Aracruz Celulose reported second quarter sales rise of 11% and earnings growth of 38%.

In Mexico City trading, IPC index dropped 0.3% to 32,177.83 despite rising energy and metals prices in international markets. Wlamex led the 30 stocks in IPC index with a loss of 1.6% followed by 1.2% fall in Cemex. Vitro led the large cap stocks with a gain of 1.8% followed by 1.3% gain in Telmex, and 0.5% rise in American Movil and Carso Telecom.

Asian Markets closed higher for the day and for the week despite rising bond yields in Japan and Australia. South Korea, Hong Kong, India, Indonesia, and Taiwan closed at record level for the fourth day in two weeks, and Philippines and Thailand traded near record levels. Hong Kong led the region with a gain of 1.25% followed by 1% gain Thailand, and 0.7% rise in South Korea and India. Philippines led the region with a decline of 1.1% followed by a loss of 0.4% in Japan.

In Tokyo trading, Nikkei 225 fell 80.54 or 0.4% to close at 18,140.94. Rising bond yields left utilities, real estates and power companies lower. Bonds in Japan fell for the third day in a row to 1.94, near one-year high. Fast Retailing dropped 1.1% on the news that the company offered $900 million to New York based apparel retailer Barneys, topping the current bid of $825 million from Dubai based investment fund. Rising oil fueled another rise in trading companies stocks led by 4.2% gain in Marubeni and 0.9% rise in Mitsubishi Corp. NTT DoCoMo fell 2.6% after trailing Softbank and KDDI in new subscriber growth for three months. Nomura ‘buy’ rating on Kakaku.com lifted its share 12%. Tokyo Electric fell 2% and Sumitomo Realty dropped 1.5%.

In Shanghai trading, CSI 300 rebounded 4.9% to close at 3,710.28, its largest gain since January 15th. The index has dropped 13% in the last three weeks of trading and is up 44% for the year and up nearly 400% since Jan 1, 2006. Stamp duty cancellation rumors drove the index higher. Jiangxi Copper gained on an upgrade from Credit Suisse. Shenzhen Bank and Citic Securities jumped 7%. FAW Xiali, jumped daily limit of 10/%. Rise in metal prices lifted metal trading company Tongdu by 6%.

In Mumbai trading, Sensex rose 0.7% to close at 14,964.12, record close after trading above 15,000 for the first time. The Sensex jumped nearly 50% in the last 17 months and added last 1,000 points in less than seven months. Cement and software export stocks rallied on weak trading in rupee. Infosys ahead of earnings on July 11, gained 3% and Tech Mahindra jumped 6.5%.


1:00PM NY, 5:00 PM Frankfurt European markets gained ground on strong energy stocks.

European stock markets regained ground on Friday, as higher crude oil prices boosted oil companies and stronger-than-expected jobs growth in the U.S. also generated positive mood. The French CAC-40 gained 0.7% at 6,102.69, the U.K.'s FTSE 100 advanced 0.8% at 6,690.10 and the German DAX rose 0.8% at 8,048.32.

In Frankfurt Premiere AG, the biggest pay television company broadcaster, climbed 5% on speculations that it may get back the rights to broadcast Germany's Bundesliga soccer league. Shares of German steelmaker ThyssenKrupp gained 4% after Goldman Sachs upgraded its stock to buy. The banking sector was supported by 1% increase in shares of Swiss investment bank UBS as investors welcomed a decision to remove CEO Peter Wuffli.

In Paris the automotive sector moved higher, helped by Peugeot-Citroen, which rose 5.8% after the company said it expects new vehicle launches to bolster second-half performance. Rhodia SA rose 6.1% after Morgan Stanley raised its rating on France's largest specialty chemicals maker to 42 euros from 40.8 euros.

In London oil and gas shares benefited from higher crude oil prices, as well as a broker upgrade of several heavyweights. Shares of Royal Dutch Shell rose 2.9%, following an upgrade to buy from reduce at Deutsche Bank. BP shares gained 1.1%. Miners also drew attention, due to commodity prices and continued deal speculation. BHP Billiton climbed 3.7%. Among other notable gainers, SIG Plc surged 8.4% on first-half profit increase.