Stock market fixing:
Nikkei 225 +6.24 +0.10% 12,760.80
Topix -3.84 - 0.30% 1,249.28
CAC +51.30 +1.26% 4,112.45
FTSE -21.30 -0.41% 5,150.60
DAX +73.67 +1.21% 6,155.37
Dow +276.74 +2.52% 11,239.28
NASDAQ +69.14 +3.12% 2,284.85
S&P +30.45 +2.51% 1,245.36
10yr Note +0.9000 +0.234% 3.934%
NYMEX Crude Oil -4.14 -2.98% 134.60
Gold -16.00 -1.63% 962.70

Japan's Topix index fell for a fourth day, led by commodities producers, after oil posted its biggest decline in four months yesterday amid signs record prices and slowing growth are curbing demand.
Inpex Holdings Inc. fell to the lowest in two months, while Mitsubishi Corp., the nation's largest trading company, sank the most in a week. Declines were limited as companies including All Nippon Airways Co. and Nippon Paper Group Inc. advanced on speculation their costs will be reduced by falling energy prices.

European stocks rebounded from a three-year low after a drop in oil prices boosted earnings prospects for carmakers and airlines.
Daimler AG, the world's second-biggest luxury automaker, and Ryanair Holdings Plc, Europe's largest discount airline, gained after crude fell. Cie. Financiere Richemont SA rallied after sales at the world's biggest jewelry maker topped analysts' estimates. Vivendi SA led media companies higher after Activision Blizzard Inc., which completed its merger with Paris-based Vivendi's games unit last week, reported profit that beat the publisher's own forecast.
Daimler added 3.1%. Volkswagen AG, Europe's largest carmaker, climbed 7.9%.
Ryanair advanced 6.6%.
Stocks got a big bounce back Wednesday as investors welcomed encouraging news from the banking and airline sectors. Falling oil prices also helped spark a strong stock market rally.

Federal Reserve Chairman Ben Bernanke appeared before the House Financial Services Committee Wednesday after testifying before the Senate Banking Committee Tuesday. In his testimony, Bernanke stated that government-backed mortgage financers Fannie Mae and Freddie Mac are "in no danger of failing."
That helped Fannie and Freddie soar 30% in Wednesday trading. The embattled firms were the focal points of downtrodden investor sentiment toward financials for several of the previous sessions.
Shares of Washington Mutual jumped 25.5%, helping the bank bounce back from a selloff earlier in the week. A Lehman Brothers analyst note released Monday suggested the bank may need to "substantially" raise its reserves over the course of 2008 to cover losses from home loans.Other struggling financials jumped on the bandwagon. Bank of America rose 22.4%, JPMorgan Chase gained 15.9%, Wachovia soared 16.1% and Citigroup added 13.1%.

The dollar increased the most against the euro in almost two weeks as declining crude oil prices and better-than-estimated earnings at Wells Fargo & Co. pushed U.S. equities higher.
Federal Reserve Chairman Ben S. Bernanke reiterated in testimony before the House Financial Services Committee in Washington today that growth and inflation risks are increasing. FOMC’s minutes said the same with Fed’s chairman.
U.S. consumer prices advanced 1.1% in June after rising 0.6% the prior month, the Labor Department reported today in Washington. It was the biggest increase since 2005. Production at factories, mines and utilities rose 0.5% last month after dropping 0.2% in May, the Fed reported today.

EUR/USD printed high on $1.5950 before it slid to $1.5813 and set stable on $1.5810/50.
GBP/USD failed to break above $2.0100, spurring longs covering. It dragged the pound down to $1.9950.
USD/JPY rose from $103.70 to Y105.00.

Attention today turns to US data, including fresh figures from housing market. At 14:00 GMT Philly Fed’s index is schedule to release.
At23:50 GMTBOJminuteswillbereleased.