[R]4:30PM New York, 10:30PM Frankfurt, 8:30AM Sydney[/R]

[R]Global Markets Indexes[/R]

Dow Jones Industrial Average closed up 38.37 or 0.29% to a close of 13,245.64, S&P 500 edged higher 7.12 or 0.49% to 1,460.12, and Nasdaq Composite Index traded up 39.85 or 1.53% to a close of 2,640.86. In Toronto TSX Composite gained 31.68 or 0.24% to close at 13,421.50.

Of the 30 stocks in Dow Jones Industrial Average, 12 closed higher, 17 closed lower, and one was unchanged.

American Express led the decliners in the index with a loss of 2.4% followed by losses in JP Morgan of 1.6%, in Merck of 1.5%, in Citigroup of 1.3%, and in Coca-Cola of 1%. Du Pont led the gainers in the index with a rise of 3.65% followed by increases of 2.4% in Microsoft, in Alcoa of 2.10%, in IBM of 1.55%, and in Altria Group of 0.7%.

Of the stocks in S&P 500, 273 closed higher, 222 fell, and 5 were unchanged.

Sixteen stocks fell more than 3% and twenty three stocks rose more than 3%.

MBIA led the decliners in the index with a plunge of 25% after it reported a surprise disclosure of $8.1 billion to risky CDO debts. The other losers in the index were followed by a loss of 10% in SLM Corp, in XL Capital of 7.1%, in Leggett & Platt of 5.8%, in Darden Restaurant of 5.7%, and in MGIC Investment of 5.2%.

Oracle Corp led the gainers in the index with a rise of 7.3% followed by increases in Eaton Corp of 6%, in EBay of 5.3%, in Radioshack Corp of 5.3%, and in cognizant and Cummins of 4.9%.

In London FTSE 100 Index up by 61.10 or 0.97% to 6,345.60, in Paris CAC 40 Index increased 14.03 or 0.26% to close at 5,511.45, and in Frankfurt DAX index increased 31.87 or 0.38% to close at 7,869.19. In Zurich trading SMI closed up 7.88 or 0.09% to close at 8,402.84.

In Tokyo Nikkei 225 Index closed higher 1.09 or 0.01% to close at 15,031.60, in Hong Kong Hang Seng index closed down 12.17 or 0.05% to close at 27,017.09, in Australia ASX 200 closed lower by 36.00 or 0.57% to close at 6,244.80.

In South Korea Kospi Index decreased 17.10 or 0.92% to close at 1,844.37, Thailand closed down 13.27 or 1.65% to 791.71, and Indonesia edged up by 11.75 or 0.44% to 2,657.98. India increased by 70.61 or 0.37% to close at 19,162.57.

In Latin Markets Chile led the gainers with a rise of 2.7% followed by increases in Peru of 1.2%, in Colombia of 1.1%, in Venezuela of 1.06%, in Argentina of 0.5%, and in Mexico of 0.15%. Brazil, the lone decliner, lost 0.01%.


Bond Yields increased on 10-year U.S. bonds to 4.05% and 30-year bonds to 4.47%.

[R]Commodities, Metals, and Currencies[/R]

Crude oil fell $0.03 to close at $91.21 per barrel for a front month contract, natural gas decreased 4 cents to $7.14 per mBtu, and gasoline futures increased 0.26 cents to close at 233.45 cents per gallon.

Gold edged lower $2.20 in New York trading to close at $803.20 per ounce, silver closed up 11 cents to $14.34 per ounce, and copper for front month delivery gained 0.75 cents to 296.55 per pound and in London futures fell $136.75 to $6,485.00.

Dollar edged higher against euro to $1.4324 and higher to 113.4052 yen.


[R]3:00PM New York – MBIA, the bond insurer plunged 27% after it disclosed exposure of $8.1 billion to subprime collaterized debt obligations.[/R]