Stock market fixing:
Nikkei 225 +262.50 +2.00% 13,430.91
Topix +20.07 +1.60% 1,280.00.
FTSE +52.60 +0.96% 5,541.80
DAX +47.98 +0.73% 6,609.63
CAC +46.64 +1.04% 4,538.49
Dow +48.03 +0.41% 11,782.35
NASDAQ +25.85 +1.07% 2,439.95
S&P +9.00 +0.69% 1,305.32
10yr Note +0.5200 +0.132% 4.002%
NYMEX Crude Oil -0.75 -0.65% 114.45
Gold -36.50 -4.22% 828.30

Japan's stocks rose, sending the benchmark index to the highest in almost three weeks, after crude oil traded near a 14-week low and a drop in the yen boosted the earnings outlook for manufacturers.
Sumitomo Rubber Industries Ltd., which sells Dunlop and Falken-branded tires, jumped the most in more than six months. Fuji Heavy Industries Ltd., the maker of Subaru cars, climbed to a one-year high after the yen weakened to a near a seven-month low. Hoya Corp., the nation's largest maker of optical glass, soared after profit beat analyst estimates.
Sumitomo Rubber added 6.4%, the most since Jan. 25, while Toyo Tire & Rubber Co. soared 6.2%. Bigger rival Yokohama Rubber Co. gained 3.3%.
Mitsubishi Chemical Holdings Corp. rose 5.7%, the most since February 2007. Synthetic rubber maker Zeon Corp. leapt 10%, the sharpest jump since Jan. 17. Fuji Heavy rose 6.9%, the highest close since July 2007. Nissan Motor Co. advanced 4.3%, while Honda Motor Co., which gets more than half its sales from North America, jumped 4.6%, the most since July 22.

European stocks rose to the highest since June as investors speculated carmakers will benefit from the stronger dollar and oil's drop to a 14-week low buoyed the profit outlook for airlines and retailers.
Bayerische Motoren Werke AG climbed to a two-week high after Merrill Lynch & Co. said the dollar's rally last week will help ``reduce margin headwinds.'' Ryanair Holdings Plc, Europe's biggest discount airline, and Marks & Spencer Group Plc advanced for a second day. UBS AG, the European bank hardest hit by the subprime contagion, jumped the most in four days after keeping its earnings guidance following a settlement in the U.S.
A retreat in commodity prices last week and better-than- expected earnings from Societe Generale SA and Royal Bank of Scotland Group Plc helped lift the Stoxx 600 to its first weekly gain this month. Still, the index has lost 20% this year on concern accelerating inflation and credit losses approaching $500 billion will stifle profit growth.
BMW jumped 4.5%. The company derives more than a fifth of its sales from America
Hochtief AG gained 6%. Germany's biggest construction company relies on the Americas for 43%.
Ryanair jumped 3.7%. Marks & Spencer, the U.K.'s largest clothing retailer, advanced 5.9%.
UBS added 5.4%.

Stocks cut their gains Monday afternoon, but the broader market remained in positive territory as lower oil prices reassured investors for the second session in a row.

Stock movers: Tech led the way, with Amazon.com, Apple and Google among the big gainers.
Amazon.com gained 9.4% after Citi Investment Research said it will probably sell twice as many Kindle electronic book readers this year as Citi initially thought it would.
Citi upgraded Qwest Communications to "buy" from "hold," saying that the company is due for a restructuring that should improve returns to shareholders. Qwest shares gained 6% and topped the New York Stock Exchange's most actives list.
Retail stocks jumped on bets that lower fuel costs will boost consumer spending.
American Express, AT&T, Citigroup, Home Depot and General Motors were the Dow's biggest gainers.
Verizon Communications said it reached an agreement Sunday with two unions that represent 65,000 workers, averting a potential strike. The three-year contract gives workers pay increases and changes in retirement benefits. Shares gained 2%.
Waste Management boosted its unsolicited bid for rival Republic Services to $37 per share, or $6.73 billion, from the original offer of $34 per share. Republic rejected that offer last month.

The dollar rose to a 5 1/2-month high against the euro on speculation the economic slowdown that started in the U.S. is spreading and as oil prices dropped.
The European currency sank the most in almost eight years against the dollar on Aug. 8 as traders pared bets the ECB will raise interest rates as the economy slows. Last week's decline was the most since January 2005.
French industrial production unexpectedly dropped 0.4% in June, the National Statistics Office reported today in Paris. The median forecast of economists was for an increase of 0.6%.

EUR/USD printed lows around $1.4908. Liebscher's comments helped the rate to break above $1.5000 and print highs on $1.5083. Later rate back to $1.5040 and $1.5000/05 before falling to $1.4900.
GBP/USD rose to $1.9260 before it back under $1.9200 and showed lows around $1.9070.
USD/JPY set stable around Y109.70/90.

In Europe attention will be on UK CPI report, that may weight on pound.
Meanwhile, dollar’s rise may be capped ahead of International Trade report with analysts expect deficit widened to $61,0 B in June after -$59,8 B month earlier.