[R]4:00PM NY; 10:00PM Frankfurt; 2:30AM Mumbai - GLOBAL MARKETS[/R]
Investors in New York, Europe and Asia shrugged off recent declines and crawled back at buying stocks. Asian markets rally led the European and American investors to return and comments from the Fed officials and U.S. Treasury Secretary supported a mild rally in the financial stocks in New York trading. Tech stocks surged in a broad based rally.

Yield on 10-year bond closed at 4.530% and the 30-year bond closed at 4.656%.

Gold increased $9.100 to close at $648.300 a troy ounce, silver advanced 29.5 cents to end at $13.045 a troy ounce and copper declined $132.500 to close at $5880.500 per ton.

Oil gained 64 cents to close at $60.710 a barrel and heating oil increased 2.620 cents to finish at 175.100 cents a gallon. Natural gas advanced 22.7 cents to close at $7.481 per MMBtu. Gasoline went up 0.830 cents to end at 185.300 cents a gallon.

Asian markets closed higher after Japan''s blue-chip average notched its first positive finish in six sessions Tuesday, and regional indexes ended broadly higher, as investors snapped up shares of Softbank, Sony and others that were battered by last week''s upheaval. The advancers were led by India with a gain of 2.27%, Hong Kong with an increase of 2.11% and South Korea with an advance of 1.95%. There were no decliners. Australia gained 1.91%.

European markets finished higher broke a five-session losing run, with investors buying up shares in companies such as German steelmaker Salzgitter that have been hurt by the recent reduction in risk appetite. The advancers were led by U.K. with an advance of 1.32%, Switzerland with an increase of 1.14% and Norway with a gain of 1.06%. There were no decliners.

Latin America markets finished higher as part of a global rally, following a weeklong selling frenzy sparked by declines in overseas markets. The advancers were led by Brazil with a gain of 3.40%, Argentina with an increase of 3.12% and Mexico with an advance of 2.45%. There were no decliners. Canada gained 1.37%. Oil and gold futures rose, aiding Canada''s resource-rich market.

[R]2:30PM NY, U.S. Market Movers[/R]

ABM Industries Inc. (ABM: chart) shares rose 5% after the company, which provides facility services including cleaning, engineering and maintenance, said that its first-quarter net earnings increased to $8.7 million, or 18 cents per share, compared with $4 million, or 8 cents per share, in the year-ago period. Revenue climbed 5.5% to $703.5 million versus $666.6 million in the same period a year earlier.

Accuride Corp. (ACW: chart), which manufactures parts for commercial vehicles, said that its fourth-quarter profit fell 4%, as brisk demand could not rise above higher expenses. Earnings decreased to $14.3 million, or 41 cents per share, from $14.9 million, or 43 cents per share during the same period in 2005. Revenue increased 16% to $344.9 million from $297.7 million during the same period a year earlier. Based on quarterly results, shares of the company climbed 6.1%.

ADC Telecommunications Inc. (ADCT: chart), swung to a fiscal first-quarter profit of $9.4 million, or 8 cents per share, compared with year-ago losses of $1.3 million, or a penny per share. Wall Street expected the telecom-equipment maker to earn 6 cents per share on $262.8 million in revenue, according to a Thomson Financial survey. Shares of the company were 5.4% up.

Countrywide Financial (CFC: chart) CFO said that some sub-prime lenders will likely go belly up as a result of the current turmoil in the sector, but he stressed that the mortgage giant will pull through because of its broader business mix. Shares rose 5.6%.

Datatrak International Inc. (DATA: chart) shares gained 11.5% after the company announced that it has been selected as the exclusive clinical trial technology platform by an unnamed multi-billion dollar North American pharmaceutical company. Cleveland-based Datatrak said the company was not previously a customer. Specifications and budgets related to the pending projects are not yet finalized, but Datatrak said multiple clinical trials are expected to begin in 2007.

Fuel Tech Inc. (FTEK: chart), which makes air pollution control equipment, said that its fourth-quarter net profit declined to $1.46 million, or 6 cents per share, compared with $2.62 million or 11 cents per share, in the year-ago period. Revenue increased 11% to $18.1 million versus $16.3 million in the same period last year. Shares climbed 8.4%.

International Securities Exchange (ISE: chart) was upgraded to buy from neutral at Banc of America Securities. The broker raised volatility trading volume forecast to 24% in 2007 and 25% in 2008. Shares of the company rose 7.1%.

Maidenform Brands Inc. (MFB: chart) shares rose 8.7%, after the maker of bras and underwear reported it swung to a fourth-quarter profit and an analyst upgraded the company. Maidenform said it earned a fourth-quarter profit of 13 cents per share, compared with a year-ago loss. That beat analyst expectations of earnings of 8 cents per share. The company said same-store sales, or sales in stores open at least one year, a key retail industry measure of performance, rose 4.2% during the quarter and offered stronger-than-expected fiscal 2007 guidance.

New Century Financial Corp. (NEW: chart) shares rose 27.9% after U.S. Treasury Secretary Henry Paulson told reporters in Tokyo that a weakened U.S. housing market would not have a major impact on U.S. financial companies generally.

Sykes Enterprises Inc. (SYKE: chart) reported fourth-quarter net earnings of $8.14 million, or 20 cents a share, down 5% from $8.6 million, or 22 cents a share, during the year-ago period. The Tampa, Fla.-based provider of customer management products and services posted revenue of $158.6 million vs. $128.8 million. Shares were up 23.9%.

InfoSonics Corp. (IFON: chart), wireless handset distributor, said that its fourth-quarter net earnings declined to $560,958, or 4 cents per share, compared with $811,179, or 6 cents per share, in the same quarter a year ago. Revenue rose 74.1% to $60.9 million versus $35 million in the same period a year earlier. Shares declined 11.8%.

Frozen Food Express Industries Inc. (FFEX: chart) shares fell 4.1% perishable goods carrier said that its fourth-quarter net earnings declined to $4.32 million or 24 cents per share, compared with $6.36 million, or 34 cents per share, in the year-ago period. Revenue fell to $113.5 million versus $141.9 million in the same period a year earlier. Shares fell 5.9%.