Stock market fixing:
Nikkei 225 +203.12 +1.5% 13,893.31
Topix +24.07 +1.8% 1,368.25
FTSE 100 -28.80 -0.47% 6,058.50
CAC 40 -31.28 -0.63% 4,906.56
Xetra Dax +4.82 +0.07% 6,958.66
DOW +68.72 +0.55% 12,548.35
NASDAQ +36.57 +1.50% 2,481.24
S&P 500 +9.42 +0.68% 1,385.35
10yr Note +0.9000 +0.235% 3.921%
NYMEX Crude Oil -3.34 -2.53% 128.85
Gold -19.20 -2.07% 906.60

Japan's stocks rose the most in two weeks, led by papermakers, after UBS AG said higher product prices will bolster their earnings, fueling confidence companies can weather an increase in material costs.
Oji climbed 3.1%, the highest since Jan. 15. Nippon Paper added 2.5%, while Rengo gained 3.8%. Hokuetsu Paper Mills Ltd. surged 7.8%, the sharpest jump since July 2006, and Mitsubishi Paper Mills Ltd. leapt 9.1%, with the two companies leading gains on the Nikkei.
Bank of Yokohama, the largest regional financial services company by market value, climbed 5.1%, the sharpest gain since April 2. Bank of Saga Ltd., based in Kyushu southern Japan, jumped 6.2%, the most since Sept. 26, 2005. Mizuho Financial Group Inc., the country's third- biggest bank by value, rose 4.1 percent to 534,000 yen.
Mitsui & Co., which has stakes in oil fields in Oman and Thailand, and Inpex Holdings Inc., Japan's largest oil and gas explorer, advanced after crude rose above $133 a barrel. Mitsui, Japan's second-largest trading company, jumped 3.5%, while bigger rival Mitsubishi Corp. rose 3%. Inpex added 3.2%, the biggest gain since May 19.

European stocks fell for a third day as declines in oil and metals prices weighed on commodity producers, the region's best-performing shares this year, and Vodafone Group Plc said plans to cut call charges may hurt sales.
BP Plc, Europe's second-biggest oil company, dropped as oil tumbled more than $2 a barrel. BP fell 1.2%. Total SA, Europe's third-biggest, lost 1.1%.
British Airways Plc, Europe's third-biggest airline, climbed 3.2%. Ryanair Holdings Plc, the region's largest discount carrier, advanced 2.9%.PSA Peugeot Citroen, Europe's second-biggest carmaker rose 2.5%. Volkswagen AG, the largest carmaker, increased 1.2%.
BHP Billiton Ltd., the world's largest mining company, followed copper and gold prices lower. BHP Billiton fell 1.9%. Rio Tinto Group, the world's third-biggest mining company, declined 1.9%. Vodafone fell 1.7%. The company, which reported annual profit that topped analysts' estimates today, said plans by European Union regulators to cut call charges may hurt future sales and margins. GlaxoSmithKline Plc, Europe's biggest drugmaker, declined 1.4% after Morgan Stanley cut its recommendation on the stock. Roche Holding AG and Novartis AG climbed after Morgan Stanley said it prefered Switzerland's biggest drugmakers over U.K. rivals.

Falling oil prices gave a boost to Wall Street Tuesday, with the market finding some momentum late in a choppy session. The Nasdaq climbed thanks to strength in big tech stocks such as Google, Oracle and Apple .
Apple shares rose on continued anticipation about the late-June launch of the new version of its iPhone. On Tuesday the company said TeliaSonera will release the iPhone in a number of Nordic and Baltic markets.
General Motors fell 2% after a Citi Investment Research analyst downgraded the stock to "hold" from "buy" and cut its 12-month price target as part of a broader bearish note on the auto sector, amid weaker sales and surging commodity prices.
Ford Motor also had its earnings estimates cut by Citi.
Applied Materials Inc demonstrated it could rapidly build manufacturing capacity for a key solar energy customer Signet Solar Inc, according to an analyst.
Borders Group, Inc said it may put itself up for sale, is due to report quarterly results after the market close.
Chemtura Corp reported that Blackstone Group LP and Apollo Management LP are in talks to acquire the specialty-chemicals company.

The yen fell to a one-month low against the euro and dropped versus the dollar as investors added to holdings of higher-yielding assets funded in Japan's currency.
The yen's decline against the Australian and New Zealand dollars, two favorites of so-called carry trades, began earlier as Asian stocks rallied. Australia's dollar traded close to a 25-year high versus its U.S. counterpart, while the kiwi dollar gained a sixth straight day. The U.S. dollar extended gains versus the yen and euro as new-home sales in the U.S. unexpectedly rose in April.
The euro reversed gains versus the dollar after reports showed German consumer confidence fell more than economists forecast and French business confidence declined to the weakest in more than two years in May.
The dollar extended gains as new-home sales in the U.S. rose 3.3 percent to an annual pace of 526,000 from a 509,000 rate the prior month that was the lowest in 17 years, Commerce Department data showed. A separate report today showed home prices dropped last quarter by the most in at least 20 years.
Confidence among U.S. consumers fell to the lowest level in more than 15 years. The Conference Board's confidence index declined more than forecast to 57.2, the lowest level since October 1992, from a revised 62.8 in April, the New York-based research group said.

EUR/USD printed high on $1.5820 before falling to $1.5670, triggering stops.
GBP/USD tested $1.9840 before sliding to $1.9710. Later rate set stable within the $1.9725/80 range.
USD/JPY rose from Y103.20 to Y104.40.

Today’s focus on US Durable goods orders at 12:30 GMT. At 15:45 GMT Germany CPI report is schedule to come.