closing
Nikkei 225 -183.87 -1.3% 13,709.44
Topix -19.56 -1.4% 1,348.69
FTSE 100 +11.10 +0.18% 6,069.60
CAC 40 +64.55 +1.32% 4,971.11
Xetra Dax +75.18 +1.08% 7,033.84
DOW +45.68 +0.36% 12,594.03
NASDAQ +5.46 +0.22% 2,486.70
S&P 500 +5.49 +0.40% 1,390.84
10yr Note +0.8800 +0.224% 4.009%
NYMEX Crude Oil +2.18 +1.69% 131.03
Gold -7.80 -0.85% 905.00

Japanese stocks fell after crude oil posted the biggest decline in a month, diminishing the earnings outlook for trading companies and oil explorers.
Mitsubishi, Japan's largest trading company by value, retreated 3.5%, while rival Mitsui & Co., which has stakes in oil fields in Oman and Thailand, lost 3.6%. Sumitomo Corp., the nation's No. 3 trading house, retreated 3.2% after Goldman Sachs Group Inc. cut its rating to ``neutral'' from ``buy.''
Sumitomo Metal Mining Co., Japan's biggest gold producer, lost 4%, the lowest since March 24. Japan Petroleum fell 4.3%, while bigger rival Inpex Holdings Inc. dropped 4.6 percent to 1.25 million yen. The Topix Mining Index, which includes both stocks, had the biggest drop among industry groups on the Topix.
Toshiba, Japan's largest supplier of reactors, jumped 4.3%, and was the biggest winner on the Nikkei. Westinghouse and Shaw Group Inc. were hired to build nuclear reactors for Scana Corp., the South Carolina-based utility said yesterday. NEC Electronics Corp., Japan's third-largest chipmaker added 3%, after saying it will spend about 10 billion yen ($96 million) this year to almost double its production capacity for 300-millimeter wafers. Tokyo Electron Ltd., the world's second-largest maker of semiconductor equipment, added 2.6%.
Oki Electric Industry Co., which makes telecommunications equipment, advanced 3.8%, after earlier surging as 11 percent. The company plans to sell its chip-making business to bigger rival Rohm Co., the Nikkei newspaper reported today, and which Oki confirmed after the market shut. Rohm fell 1.5% in Osaka trading.

European stocks rose for the first time in four days after oil touched a one-week low and orders for durable goods in the U.S. beat economists' forecasts, improving the profit outlook for airlines, carmakers and retailers.
Deutsche Lufthansa rose 1.8%. British Airways Plc, Europe's third-biggest airline, jumped 3.2% as the shares trade without the right to the latest dividend. Porsche, the maker of the 911 sports car, advanced 1.6%. ABB rose 1.6%, the biggest gain since May 19.
J Sainsbury Plc climbed 2.7%. Hennes & Mauritz AB, Europe's second-largest clothes retailer, added 2.3%.
SAP AG climbed 4.2% after CA Cheuvreux upgraded the world's largest maker of business- management software to ``selected list'' from ``underperform,'' citing the prospect of margin growth. Intermediate Capital Group Plc rallied 8.4%. The 19-year-old U.K. provider of loans and bonds for leveraged buyouts said fiscal full-year profit climbed 8 percent as rival forms of funding for private equity dried up.
British Energy Group Plc fell 2.2% after the U.K. nuclear power producer that's considering takeover offers from rivals said full-year profit fell 28% to 335 million pounds ($662 million) because of production shutdowns.
Groupe Eurotunnel SA plunged 7.7% after the operator of the rail link between the U.K. and France placed 70 percent of the shares in a rights offer, raising 641 million euros ($1 billion) to buy back convertible bonds.
Alitalia SpA added 2.3%. Italy's state- controlled airline said it needs capital ``in a very short time'' after talks to merge with Air France-KLM Group failed and it reported a fifth straight annual loss.

US stocks closed higher, following a choppy session influenced by fluctuating oil prices, more woes for the financial sector and a smaller-than-expected decline in manufactured goods.
The Commerce Department provided traders with some economic data. Durable goods orders fell 0.5% during April, which is a less severe downturn than expected. Excluding transportation, durable goods orders increased 2.5%. Economists forecast a 0.5% downturn following 1.7% increase registered in the previous month.
Prior to opening bell, Chico's FAS (CHS 7.70, +0.53) and American Eagle Outfitters (AEO 18.78, +1.56) announced better-than-expected earnings results for the most recent quarter. Polo Ralph Lauren (RL 68.45, +6.70) reported this morning an increase in sales and earnings; the company also reaffirmed its full-year outlook. Discount variety store operator Dollar Tree (DLTR 35.00, +1.22) also reported upbeat results for its latest quarter.
Global delivery and shipment company United Parcel Service (UPS 70.70, +2.30) is also receiving attention from buyers after reports surfaced the company may see its sales climb upon reaching a deal to provide services for competitor DHL Express. Notably, shares of UPS were also upgraded to Buy from Hold at Merrill Lynch.
The Wall Street Journal reported that Bear Stearns plans to hand over documents to the Securities and Exchange Commission showing that several Wall Street firms, including Goldman Sachs, cut their exposure to Bear in the weeks leading up to its collapse.
Computer maker Dell suffered a setback late Tuesday when a New York state judge ruled it engaged in repeated false and deceptive advertising of its promotional credit financing and warranty terms.

The dollar reached a two-week high against the yen as a measure of U.S. durable goods orders unexpectedly increased, signaling the outlook for the world's biggest economy may improve. Durable goods orders fell 0.5% during April, which is a less severe downturn than expected. Excluding transportation, durable goods orders increased 2.5%. Economists forecast a 0.5% downturn following 1.7% increase registered in the previous month.
Japan's currency touched a one-month low against the euro and the weakest since November versus the Australian dollar, dropping to the day's lowest levels as an earlier decline in crude oil spurred investors to buy higher-yielding assets funded in Japan's currency, a strategy known as the carry trade. The yen pared its drop as oil reversed its decline.
The euro pared its drop after a report showed inflation in Germany, Europe's largest economy, accelerated more than forecast in May. German consumer prices rose 3 percent this month from a year ago after rising 2.6 percent last month, when measured using a harmonized European Union method, the Federal Statistics Office said. The median forecast was for inflation to quicken to 2.9 percent. A separate report showed French consumer confidence dropped to a record low in May.
The euro will trade at $1.56 at the end of next month, and fall to $1.49 at year-end, according to the median forecast in a Bloomberg survey of 44 analysts.

EUR/USD printed high near $1.5758, before retreating to $1.5607.
GBP/USD firmed initialy to $1.9825, where supply brought the rate down to $1.9700 with further return to $1.9825.
USD/JPY gained from Y103.87 to a high on Y105.30, closing later near Y104.65.

European data starts at 0600GMT with the German April ILO employment change and May wholesale sales data. At 0700GMT, Spain April retail sales and May preliminary HICP data are due. The main German March employment data is due at 0755GMT and is expected to see a jobless change of -27.5k, taking the unemployment rate down to 7.8%.Eurozone April M3 is due at 0800GMT and expected to come in at 10.3% y/y with the three-month moving average at 10.6% y/y.At 0900GMT, the Eurozone May economic sentiment index is seen edging down to 96.5. UK data sees the 1000GMT release of the May and Q2 CBI distributive trades survey/report.
US data starts at 1230GMT with preliminary first-quarter GDP and the weekly jobless claims. The first quarter GDP is expected to be revised up to a 1.0% gain on smaller net exports gap and modestly stronger construction spending. PCE appears to be virtually unrevised. The chain price index is expected to be unrevised at 2.6%. Initial claims are expected to rise 5,000 to 370,000 in the May 24 week. US data continues at 1400GMT with the help-wanted index for April and at 1430GMT with the weekly crude oil and natural gas stocks data. 1500GMT sees Kansas City Fed Production for May. At 1830GMT, Fed Chairman Ben Bernanke is due to speak about liquidity provisions at a risk transfer mechanism conference, in Basel, Switzerland.