[R]4:00PM New York, 10:00PM Frankfurt, 2:30AM Mumbai[/R]

[R]Global Markets Indexes[/R]

Dow Jones Industrial Average edged higher by 196.23 or 1.48% to a close of 13,444.96, S&P 500 increased 22.22 or 1.52% to 1,485.01, and Nasdaq Composite Index advanced 46.53 or 1.78% to a close of 2,666.36. In Toronto TSX Composite increased 148.57 or 1.09% to close at 13,728.19.

Of the 30 stocks in Dow Jones Industrial Average, 28 closed higher, 2 closed lower, and none was unchanged.

AIG led the gainers with a rise of 4.5% followed by increases in Microsoft of 4.4%, in Intel of 3.7%, and in Citigroup of 3.6%. McDonalds led the decliners with a fall of 0.9% followed by Disney with a loss of 0.2%.

Of the stocks in S&P 500, 426 closed higher, 71 fell, and 3 were unchanged. Seven stocks fell more than 3% and seventy five increased 3% or more.

Circuit City led the gainers with a rise of 7.8% followed by increases in Paccar of 7.7%, in EDS of 7.5%, in Freddie Mac of 7.3%, in Monster Worldwide of 6.4%, and in JDS Uniphase of 6.2%. MBIA fell 16% after Moody’s said that company may need more capital followed by losses in Comcast of 12%, in Ambac of 8.9%, and in E*Trade of 3.8%.

In London FTSE 100 Index closed up 178.60 or 2.83% to 6,493.80, in Paris CAC 40 Index increased 111.86 or 2.02% to close at 5,659.07, and in Frankfurt DAX index advanced 135.83 or 1.74% to close at 7,944.77. In Zurich trading SMI rebounded 113.15 or 1.31% to close at 8,758.19.

In Tokyo Nikkei 225 Index added 128.69 or 0.83% to close at 15,608.88, in Hong Kong Hang Seng index closed up 465.86 or 1.61% to 29,345.45, in Australia ASX 200 closed down 22.70 or 0.35% to close 6,508.10.

In South Korea Kospi Index increased 20.37 or 1.06% to close at 1,938.20, Thailand closed up 2.22 or 0.27% to 833.34, and Indonesia edged higher 15.12 or 0.55% to 2,68.06. India soared 208.57 or 1.07% to 19,738.07.

In Latin Markets Mexico led the gainers with a rise of 2.63% followed by increases in Brazil of 2.28%, in Chile of 1.8%, and in Argentina of 1.14%.

Bond Yields edged lower on 10-year U.S. bonds to 3.94% and 30-year bonds decreased to 4.42%.

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

Crude oil declined $1.30 to close at $87.02 per barrel for a front month contract, up 40.00% for the year, natural gas increased 4 cents to $7.19 per mBtu, and gasoline futures decreased 4.07 cents to close at 221.10 cents per gallon.

Gold edged lower $3.90 in New York trading to close at $803.70 per ounce, silver closed down 5 cents to $14.46 per ounce, and copper for front month delivery increased 2.00 cents to 304.00 cents per pound and in London trading closed down $107.00 to $6,657.00.

Dollar edged higher against euro to $1.4604 and higher to 110.935 yen.


[R]1:00PM New York – U.S. stocks gained after economic reports and expectations of a rate cut.[/R]

Dow Jones Industrial Average rose sharply at 163.80 13,411.96, Nasdaq rose 42.83 to 2,662.02, S&P 500 gained 18.63 to 1,481. 90.

Economic reports and hopes of rate cut next week lifted market averages.

Of the 30 stocks in Dow Jones Industrial Average 27 rose and 3 declined.