Stock market fixing
Nikkei 225 +15.08 +0.12% 13,067.21
Topix -5.19 -0.4% 1 280.72
FTSE -122.80 -2.22% 5,406.80
DAX -81.46 -1.28% 6,305.00
CAC -108.10 -2.49% 4,231.56
Dow +81.58 +0.73% 11,229.02
NASDAQ +22.96 +1.03% 2,257.85
S&P +8.70 +0.70% 1,253.39
10yr Note -0.2300 -0.060% 3.811%
NYMEX Crude Oil +5.60 +4.12% 141.65
Gold +13.40 +1.44% 942.00

Japanese stocks fell to the lowest in three months amid concern weakness in the U.S. market will erode earnings, and shipping lines slumped after cargo rates for commodities fell.
Toyota Motor Corp. slumped to the lowest since September 2005 after KBC Securities said operating profit will likely slump 28% this year as U.S. truck sales shrink. Mitsui O.S.K. Lines Ltd. led shippers lower while Daiichi Sankyo Co. sank the most in six months after its Indian buyout target become the subject of a probe over generic drugs. JFE Holdings Inc. sent steelmakers higher after a South Korean rival raised its profit forecast.
Toyota lost 1.8%. Smaller rivals Honda Motor Co. and Nissan Motor Co. fell 1.9% and 2.4% respectively.
Mitsui O.S.K. fell 2.7%. Market leader Nippon Yusen K.K. dropped 2.3%.
Daiichi Sankyo sank 5.5%, the steepest slump since Jan. 22 and the Nikkei's third-biggest decline.

European stocks rose after takeovers increased and a six-week decline in the Dow Jones Stoxx 600 Index left shares at their cheapest relative to earnings in at least six years.
Alliance & Leicester Plc surged 53% after Banco Santander SA agreed to buy the U.K. bank, while Continental AG, Europe's second-biggest tiremaker, jumped on talks with Schaeffler Group. TNT NV rallied after a report that it's in preliminary talks with FedEx Corp. ITV Plc gained on reports Endemol NV and other media companies may be interested in the broadcaster.
InBev NV plans to pay $52 billion for Anheuser-Busch Cos. of the U.S. InBev sweetened its initial offer by 7.7% and agreed to rename itself Anheuser-Busch InBev, the brewers said.
Royal Philips Electronics NV gained 6.4%. Europe's biggest television maker posted second-quarter profit of 720 million euros ($1.14 billion), beating the estimate of 183.5 million euros in a survey.

Stocks posted slim gains Monday as investors welcomed the government's plan to rescue Fannie Mae and Freddie Mac, but remained wary about the outlook for the economy amid the credit crisis.

The companies can also access the Federal Reserve Bank of New York for funds if necessary, giving the firms the same access to funds that commercial banks and Wall Street firms. The failure of the two companies would cause more malaise for an already battered financial system, causing more losses to companies that have large holdings of mortgage-backed securities.
Freddie and Fannie shares were both lower Monday, giving up bigger opening gains. Both lost nearly half their value last week.
Over the weekend, Anheuser-Busch agreed to InBev's improved $54 billion takeover offer. The combination of the maker of Bud beer and the Belgian beer company will create the world's largest brewer.
Also this weekend, Yahoo spurned an offer from MIcrosoft and investor Carl Icahn to buy the company's Internet search unit
In other Microsoft news, the company said late Friday that it was cutting the price of its Xbox 360 gaming console and introducing a new model with a bigger hard drive.

The dollar rose against the euro for the first time in four days after Treasury Secretary Henry Paulson asked Congress for authority to buy stakes in Fannie Mae and Freddie Mac to restore confidence in financial markets.
The currency also climbed after the Federal Reserve separately authorized the companies, which buy or finance almost half the $12 trillion of U.S. mortgages, to borrow directly from the central bank. The dollar pared gains as concern losses at regional banks will deepen pushed most U.S. stocks down.

EUR/USD printed lows near $1.5840 before rebounding to session highs on $1.5930. New wave of dollar’s demand dragged the euro down to $1.5880.
GBP/USD tested $1.9811 before slowly rising to $1.9960, triggering some positions on the break through stops and bids between the $1.9900/10 zone.
USD/JPY fell from Y106.80 to Y106.00. Later rate managed to rebound to Y106.30.

Dollar may retreat Tuesday onspeculation Fed Chairman Ben S. Bernanke will highlight risks to the economy in his semi-annual testimony on monetary policy before the Senate Banking Committee tomorrow.
Euro may come under pressure on speculation investor confidence in Germany, Europe's largest economy, fell to a 15- year low, weakening the case for higher interest rates. The ZEW Center for European Economic Research in Mannheim will say its index of investor and analyst expectations fell to minus 55 in July from minus 52.4 in the previous month, according to a survey.