Stock market fixing:
Nikkei 0.00 0.00% 14,049.26
FTSE +128.20 +2.11% 6,215.50
DAX +8.85 +0.13% 7,052.08
CAC -6.35 -0.13% 5,063.36
DOW -88.66 -0.68% 12,969.54
NASDAQ -12.87 -0.52% 2,464.12
S&P 500 -6.42 -0.45% 1,407.48
10yr Note 0.0000 0.000%   3.845%
NYMEX Crude Oil +3.43 +2.95% 119.75
Gold +16.20 +1.89% 874.20

Japan stock market was closed in observance of national holiday.

European stocks fell for the first time in three days, led by technology companies, as investors speculated earnings growth won't be strong enough to extend a two-month rally.
Ericsson AB posted the biggest two-day decline in six weeks on concern profit margins won't expand. Deutsche Telekom AG slipped the most in almost two weeks after Der Spiegel reported the region's largest phone company is considering an offer to buy Sprint Nextel Corp.
Ericsson fell 1.1%. Nokia Oyj lost 1.5%. Deutsche Telekom fell 1.5%.
Accor SA climbed 1.1%. Colony Capital LLC and Eurazeo plan to increase their stake in Accor to 30%.
Deutsche Post AG gained 2.9%. Europe's biggest postal service said operations were ``very satisfactory'' in the first quarter and that it's making progress in plans to turn around the ailing DHL Express unit in the U.S.

Wall Street fell Monday on rising oil prices and the abandoned Microsoft-Yahoo deal.
Microsoft said Saturday that it was abandoning its sweetened $46 billion deal for Yahoo and would not pursue a hostile takeover. The talks fell apart over the weekend after Yahoo rejected Microsoft's higher offer.
Shares of Googlerose after a Goldman Sachs analyst boosted its price target, saying that the company could benefit from the fallout from the failed Microsoft-Yahoo deal.
In other potential deal news, Deutsche Telekom is reportedly considering making a bid for Sprint Nextel, according to a Wall Street Journal article Monday.
The day's one economic report was surprisingly strong. The April ISM services sector index rose to 52.0 from 49.6 versus forecasts for a drop to 49.1. Any reading over 50 indicates expansion in the sector.

The euro rose against the dollar for the first time in three days on speculation the European Central Bank will keep interest rates at a six-year high this week to control inflation.
The ECB will leave its main refinancing rate at 4% when policy makers meet May 8, according to a survey.
Consumer prices in the 15-member euro area rose 3.6% in March from a year ago, the highest in 16 years and way above the ECB's 2% average inflation target. The European Commission has recently raised its inflation projection for the euro area to 2.9% for the whole of 2008 from as low as 2.1% previously.
The U.S. currency briefly pared its drop against the euro as a private report showed service industries expanded in April. The Institute for Supply Management's index of non-manufacturing businesses, which make up almost 90% of the economy, increased to 52, from 49.6 the prior month.

EUR/USD slowly rose from $1.5430 to $1.5500. But rate failed to break above the figure and retreated to $1.5440, later to $1.5420. Then rate rose again to $1.5520.
GBP/USD printed lows around $1.9650 before slowly strengthened to $1.9720.
USD/JPY consolidated for some time within the Y105.14/50 range before it declined to the lows around Y104.70.

EU data include service PMI reports, while EU will release PPI data for March. There is no key economic data from US scheduled for today.