Stock market fixing:
Nikkei 225 +208.34 +1.6% 13 367.79
Topix +21.35 +1.7% 1 302.99
DAX 30 +61.32 +0.96% 6,460.12
САС 40 +80.06 +1.85% 4,400.55
FTSE 100 -40.00 -0.75% 5,312.60
Dow +186.13 +1.63% 11,583.69
Nasdaq +10.10 +0.44% 2,329.72
S&P +21.06 +1.67% 1,284.26
10YR +0.0400 +0.010% 4.048%
NYMEX Crude Oil +4.58 +3.75% 126.77
Gold -14.10 -1.52% 912.30

Japanese stocks rose the most in a week after Matsushita Electric Industrial Co. beat profit estimates and oil dropped to a 12-week low, cutting costs for manufacturers.
Matsushita, the maker of Panasonic-brand products, soared the most in three months after first-quarter earnings surged on television sales. Matsushita surged 5.5%, the most since April 30. The company said yesterday net income rose 86% to 73 billion yen ($679 million) in the three months ended June 30, beating the median estimate of analysts.
Nidec Corp., the world's biggest maker of motors for computer hard-disk drives, posted its biggest gain in a year as profit rose more than a third. Nidec rallied 9.9%, the sharpest jump since July 2007, after posting a 36% gain in first-quarter profit as sales rose.
Bridgestone Corp., the world's largest tiremaker by sales, advanced as oil retreated. Bridgestone advanced 2.2%.
Meanwhile, Sony Corp., the maker of the PlayStation 3 game console, lost 2.9% after lowering its net income forecast by 17% as the earnings outlook weakens for its handset, television and camera divisions.

European stocks rose the most in a week after Siemens AG, ArcelorMittal and Deutsche Postbank AG reported better-than-estimated earnings.
Siemens, Europe's largest engineering company, had its steepest advance in four months after orders for power plants and generator upgrades boosted profit. Siemens jumped 5.8% as net income through June 30 was 1.37 billion euros ($2.1 billion), topping the 967 million-euro profit predicted by analysts.
ArcelorMittal jumped the most since January as earnings at the world's biggest steelmaker more than doubled. The shares added 8.2%.
Deutsche Postbank, Germany's largest consumer bank by clients, gained after income from lending topped analysts' projections.
ThyssenKrupp gained 7.8%. Merrill Lynch lifted its recommendation on the shares to ``buy'' from ``neutral,'' saying Germany's largest steelmaker may raise its full-year earnings forecast.
In Europe, confidence in the outlook for the economy fell the most since the Sept. 11, 2001, terrorist attacks. An index measuring sentiment in the euro area slipped to 89.5 in July, more than economists forecast, the European Commission in Brussels said. A separate report showed retail sales declined.

Dow surges more than 150 points as stocks get an early boost from a surprise jobs report, a mortgage relief bill and an extension of the Fed's emergency loan program.

The U.S. private sector added a seasonally adjusted 9,000 jobs during the month of July, according to Wednesday's ADP employment report. That was unexpected; economists had forecast a 60,000-job decline. July marked a significant improvement over June's numbers, when the private sector shed a revised 77,000 jobs.
The ADP payrolls survey came two days ahead of the more closely watched employment report from the U.S. Labor Department, which is due out Friday.
After initially threatening to veto the bill, President Bush on Wednesday signed a sweeping measure to offer affordable government-backed mortgages to homeowners at risk of foreclosure. The law will also bolster government-sponsored mortgage finance giants Fannie Mae and Freddie Mac with a temporary rescue plan and stricter regulation. Congress approved the bill last week.
The Federal Reserve said Wednesday it is extending its emergency borrowing program to assist Wall Street banks with liquidity during the credit crisis. The plan was extended until Jan. 30. The U.S. central bank originally said the plan, which began in March, would end in mid-September.
GPS navigation device maker Garmin reported quarterly earnings Wednesday that rose 20%, but the company offered tepid guidance.

The dollar rose to a one-month high versus the euro after a private report showed U.S. companies unexpectedly added jobs. The U.S. dollar strengthened versus the euro as ADP Employer Services reported that companies added 9,000 jobs in July after cutting a revised 77,000 positions in the previous month. The median forecast of 29 economists was for a reduction of 60,000 jobs.
The Labor Department will probably report on Aug. 1 that non-farm payrolls dropped by 75,000 this month following a decline of 62,000 in June, according to the median forecast. The U.S. payroll report, which includes government hiring, has shown a reduction in jobs each month this year, while ADP has recorded only two declines.
The dollar pared its gain versus the euro after an Energy Department report showing an unexpected decline in gasoline inventories pushed oil prices higher.
Crude oil rose to $122.50 a barrel on the New York Mercantile Exchange.
The Federal Reserve extended its emergency lending programs to Wall Street firms through January after policy makers judged that markets are still too weak to operate without a backstop from the central bank.

EUR/USD fell to $1.5559, where losses were capped by bids ahead of $1.5550. Rate managed to recover to $1.5614 but then back off to $1.5580 and $1.5520. At the end of NY trading bids helped the euro to rebound to $1.5600.
GBP/USD declined to $1.9770 before rebounding to $1.9800 and later fell to session lows on $1.9840. Further pound recovered to $1.9780 and closed the day above $1.9800.
USD/JPY printed lows below Y108.00 – at Y107.70. Bids helped the dollar to lift up to Y108.20/30, where offers capped the rise. Later rate set stable between the Y108.00/20 zone.

At 09:00 GMTItaly and Eurozone will release their inflation reports.
Main focus for today will be on US data, including the preliminary reading of 2Q GDP with a forecast of rising by 2.2% y/y after 1.0% y/y quarter before. Also PCE price index (Q2) and Chicago PMI (July) are due to come.