CAC +27.78 +0.65% 4,327.14
FTSE +27.90 +0.52% 5,404.30
DAX +42.19 +0.66% 6,424.84
Dow -28.99 -0.25% 11,467.58
NASDAQ -3.25 -0.14% 2,279.53
S&P -0.68 -0.05% 1,260.00
10yr Note -0.0800 -0.020% 4.073%
NYMEX Crude Oil +1.37 +1.06% 130.25
Gold +5.70 +0.59% 963.70

In Japan financial markets were closed due to public holiday.

European stocks completed the longest stretch of daily gains since May as Bank of America Corp.'s better-than-estimated earnings bolstered confidence in financial firms and higher metal prices lifted commodity producers.
Royal Bank of Scotland Group Plc, the U.K.'s second-largest bank, and UBS AG, the European bank hardest hit by the subprime contagion, rallied to the highest in at least two weeks. BHP Billiton Ltd. and Rio Tinto Group led a rebound in mining shares. Syngenta AG jumped after Exane BNP Paribas recommended the world's largest maker of agricultural chemicals.
Royal Bank of Scotland advanced 2.7 percent to 203 pence, and UBS increased 2.2 percent to 22.46 Swiss francs.
Bank of America, the biggest U.S. consumer bank and home lender, today said second-quarter profit fell less than analysts estimated and predicted the purchase of Countrywide Financial Corp. will add to earnings this year.
BHP, the world's largest mining company, gained 2.9 percent to 1,646 pence. Rio Tinto, the third-biggest, added 3 percent to 5,220 pence.
Base metals including copper, nickel, tin and zinc rallied on the London Metal Exchange. Aluminum rose from a one-month low in Asia after crude oil rebounded.
Roche Holding AG retreated 4.8 percent to 171 francs after the world's biggest maker of cancer drugs offered to buy the rest of Genentech Inc., the U.S. biotechnology company, for $43.7 billion.
HBOS Plc, the U.K.'s largest mortgage lender, sank 6.2 percent to 264.5 pence after shareholders agreed to buy only 8.3 percent of its 4 billion-pound ($8 billion) rights offer. Shareholders bought 124 million shares at 275 pence apiece.

U.S. stocks fell on crude oil rise.
Wall Street posted modest gains early Monday as investors found confidence in better-than-expected Bank of America results, soothing jitters about the battered financial sector in the wake of the mortgage meltdown.
However, gains were tempered as oil climbed as much as $3 a barrel amid fresh concerns over Iran. Investors were also digesting news that Yahoo and activist investor Carl Icahn have settled their proxy dispute.
Bank of America reported better-than-expected earnings, even as it revealed that its profit plunged 41% in the most recent quarter. The Charlotte, N.C.-based company reported earnings of $3.41 billion, or 72 cents a share, during the second quarter.
Shares of Bank of America were up nearly 11%.
Other banks have reported better-than-expected financial results recently. Citigroup reported a $2.5 billion quarterly loss Friday, which was actually ahead of Wall Street's grimmer projections. On Thursday, Merrill Lynch reported its fourth straight quarterly loss. JPMorgan Chase and Wells Fargo also reported lower profits, but both banks were ahead of Wall Street's expectations.
Leading indicators The Conference Board announced Monday that its index decreased for the second consecutive month in June by 0.1%, in line with a consensus of economists surveyed by Briefing.com.
Energy prices Oil prices rebounded sharply Monday, following the largest four-day slide in oil trading history, as traders focused on a breakdown of nuclear talks with Iran and on Tropical Storm Dolly, which is making its way into the Gulf of Mexico. Light, sweet crude oil for August delivery rose 47 cents to $129.35 a barrel.
The Web portal Yahoo announced a settlement with investor Carl Icahn over its lineup of candidates for board of directors, including the addition of the activist investor himself. Yahoo said the board is being expanded to 11 members, one of whom will be Icahn, along with two other added positions.
Shares of Yahoo slipped by more than 2% in morning trading.
Apple was scheduled to report results after the close. According to Thomson/First Call's survey of analysts, the electronic products maker is expected to report net income of $972.6 million, or $1.08 per share, on sales of $7.4 billion.
Shares of Apple were off slightly in morning trading.
In the bond market, Treasury prices slumped, raising the yield on the benchmark 10-year note to 4.10% from 4.08% late Friday. Bond prices and yields move in opposite directions.
COMEX gold for August delivery rose $4.40 to $962.40 an ounce.

The yen traded near a record low against the euro as Bank of America Corp. said second-quarter profit declined less than analysts estimated.
The pound dropped versus the euro as a report showed U.K. house prices fell in July for the first time since data began in 2002. Bank of America, the largest U.S. consumer and home lender, became the fourth of the nation's five biggest banks to post better-than-estimated results.
``The world looks a little more peaceful for the time being,'' said Alan Ruskin, head of international currency strategy at RBS Greenwich Capital Markets in Greenwich, Connecticut. ``But longer-term concerns about the U.S. economy haven't diminished.''
Bank of America's net income fell to $3.41 billion, or 72 cents a share, the Charlotte, North Carolina-based bank said today in a statement. The average estimate of 21 analysts surveyed by Bloomberg was 54 cents.
The bank added $2.2 billion to loan loss reserves. The world's biggest banks and brokerages have disclosed $447 billion of writedowns and losses because of a credit-market slump triggered by mortgage defaults.
JPMorgan & Chase Co., Citigroup Inc. and Wells Fargo & Co. reported second-quarter results last week that exceeded analysts' estimates.
Futures on the Chicago Board of Trade showed an 8 percent chance the Federal Reserve will increase its 2 percent target rate for overnight lending between banks by a quarter-percentage point at its Aug. 5 meeting, compared with 12 percent odds a week ago.
``The Fed has simply not been in a position to raise interest rates and fight inflation, so people have been shunning the dollar,'' said Neil Mellor, a currency strategist in London at Bank of New York Mellon Corp.
Leading economic indicators dropped 0.1 percent in June after a revised 0.2 percent decline the prior month, the Conference Board reported.
Currency trading volume Monday was about 75 percent of normal levels because of a public holiday in Japan.