Stock market fixing:
Nikkei
0.00 0.00% 14,049.26
FTSE +128.20 +2.11%
6,215.50
DAX +8.85 +0.13% 7,052.08
CAC -6.35 -0.13% 5,063.36
DOW -88.66 -0.68% 12,969.54
NASDAQ -12.87 -0.52% 2,464.12
S&P 500 -6.42 -0.45% 1,407.48
10yr Note 0.0000
0.000% 3.845%
NYMEX Crude Oil +3.43
+2.95% 119.75
Gold +16.20 +1.89% 874.20
Japan stock market was closed in observance of national holiday.
European stocks fell for the first time in three days, led by technology companies, as
investors speculated earnings growth won't be strong enough to extend a
two-month rally.
Ericsson AB posted the biggest two-day decline in six weeks on concern profit margins won't
expand. Deutsche Telekom AG slipped the most in almost two weeks after Der
Spiegel reported the region's largest phone company is considering an offer to
buy Sprint Nextel Corp.
Ericsson fell 1.1%. Nokia Oyj lost
1.5%. Deutsche Telekom fell 1.5%.
Accor SA climbed 1.1%. Colony
Capital LLC and Eurazeo plan to increase their stake in Accor to 30%.
Deutsche Post AG gained 2.9%.
Europe's biggest postal service said operations were ``very satisfactory'' in
the first quarter and that it's making progress in plans to turn around the
ailing DHL Express unit in the U.S.
Wall Street fell Monday on rising oil prices and the abandoned
Microsoft-Yahoo deal.
Microsoft said Saturday that it was
abandoning its sweetened $46 billion deal for Yahoo and would not pursue a
hostile takeover. The talks fell apart over the weekend after Yahoo rejected
Microsoft's higher offer.
Shares of Googlerose after a Goldman Sachs analyst boosted
its price target, saying that the company could benefit from the fallout from
the failed Microsoft-Yahoo deal.
In other potential deal news,
Deutsche Telekom is reportedly considering making a bid for Sprint Nextel,
according to a Wall Street Journal article Monday.
The day's one economic report was
surprisingly strong. The April ISM services sector index rose to 52.0 from 49.6
versus forecasts for a drop to 49.1. Any reading over 50 indicates expansion in
the sector.