4:30PM New York, 10:30PM Frankfurt, 2:00AM Mumbai – U.S. market rebounded on earnings and lifted averages in Europe and Latin America. Asian markets rose in overnight trading. India led the global markets with a rise of 5%.

Global Markets Indexes

Dow Jones Industrial Average closed up 109.26 or 0.81% to a close of 13,676.23, S&P 500 edged higher 0.88% or 13.26 to 1,519.59, and Nasdaq Composite Index traded up 45.33 or 1.65% to a close of 2,799.26. In Toronto TSX Composite rose 38.02 or 0.28% to close at 14,081.62.

Of the 30 stocks in Dow Jones Industrial Average 27 closed higher, 3 closed lower, and none were unchanged.

American Express led the gainers in the index with a rise of 3.2% followed by increases of 3% in Merck, 2.06% in AT&T, and 1.9% in General Motors. Wal-Mart led the decliners with a loss of 2.9% followed by losses of 0.4% in 3M and Citigroup.

Of the stocks in S&P 500, 334 closed higher, 161 fell, and 5 were unchanged.

Twelve stocks fell more than 3% and forty seven stocks rose more than 3%.

Amazon.com led the gainers in the index with a rise of 10.5% followed by increases of 9.9% in Apollo Group, 9.8% in New York Times, 9% in Waters, 7.5% in National Oilwell, 7.4% in T Rowe Price. Unisys led the decliners with a loss of 18% followed by losses in Coach of 12%, Texas Instruments of 8.3%, MGIC Investment of 7.6%, and Lexmark of 7.1%.

In London FTSE 100 Index closed up 54.70 or 0.85% to 6,514.00, in Paris CAC 40 index rose 43.78 or 0.77% to close at 5,705.05, and in Frankfurt DAX index increased 0.61% or 47.85 to close at 7,842.79. In Zurich trading SMI added 0.65% or 57.84 to close at 8,903.23. Norway led the gainers in the region with a rise of 2.0%.

In Tokyo Nikkei 225 index lost 0.07% or 12.11 to close at 16,450.58, in Hong Kong Hang Seng index closed up 3.54% or 1,003.23 to 29,376.86, in Australia ASX 200 closed up 83.60 or 1.27% to close 6,660.90.

Sensex in India edged higher 4.99% or 878.85 to 18,492.84. In South Korea Kospi Index increased 44.17 or 2.32% to close at 1,947.98 and Indonesia closed up 110.59 to 4.10% to 2,553.80. Philippines added 0.80% to 3,697.17, Singapore added 1.45%, and Malaysia increased 0.48%.

In Latin Markets Brazil led the gainers with a rise of 2.42% followed by increases of 1.14% in Colombia, and 0.81% in Mexico and 0.77% in Argentina. Chile and Peru added 0.7% but Venezuela declined 0.4%.

Bond Yields edged lower on 10-year U.S. bonds to 4.40% and 30-year bond were unchanged to close at 4.69%.

Commodities, Metals, and Currencies

Crude oil fell $0.75 to close at $85.27 per barrel for a front month contract, up 39.0% for the year, natural gas fell 13 cents to $6.76 per mBtu, and gasoline futures declined 2.45 cents to close at 210.89 cents per gallon.

Gold edged higher $3.10 in New York trading to close at $763.10 per ounce, silver closed up 9.5 cents to $13.65 per ounce, and copper for front month delivery in London fell $113.00 to $7,785.00 per pound.

Dollar edged low against euro to $1.4259 from $1.4166 and higher to 114.920 yen from 114.300 yen.


8:00PM London, 3:00PM New York – UK stocks closed higher led by a surge in mining and banking stocks.

UK stock market edged higher led by a rise in mining, banking, and home builder sectors.

FTSE 100 index rose 0.9% or 54.70 to close at 6,514. Of the FTSE 100 index stocks, 86 increased, 12 declined, and 4 closed unchanged.