Stock market: Wednesday results.[E]

Closing:
Nikkei -392.12 (-2.47%) 15467.33
FTSE 100 +71.80 (+1.3%) 5723.80
DOW +73.88 (+0.67%) 11168.31
NASDAQ +14.14 (+0.65%) 2178.88
S&P 500 +10.25 (+0.81%) 1270.09
10YR 100 99 30/32 -13/32 5.13%

Japan stock market closed yesterday in a red zone.
Nikkei 225 finished trading day on a level of three months minimum. This was the first time for the 4 years. The reason for such rapidly drop became weak data on consumer trust and oil gains. Leaders were Sony Corp. and Toyota Motor Corp.
Sony, the biggest part production of which goes abroad, shares lost 3.5%. Toyota drop on 3.4%; Canon Inc. - 4.2%. Toyota shares also became pressured under data on response of 987,262 cars worldwide, including Corolla and Prius because of technical malfunctions. Mitsubishi Estate shares felt on 2.2 %; Nomura - 3.3 %; Millea Holdings Inc. - 5.7 %.

Meantime the European stock exchange was in demand which covered the highest monthly drop for the last 3 years.
Indexes were supported with unexpected growth of an index of business optimism. Leaders of growth were France Telecom SA, Allianz AG and Barclays Plc. France Telecom was in the lead in telecommunication sector. Company’s shares added 4.2 %. Actions Vodafone Group Plc - 2.7 %. European insurance giant - Allianz shares added 2.5%; Barclays - 4.8%.
International Power flied on 5.4%; British Energy Group Plc - 3.8%; and Scottish & Southern Energy Plc - 3.9%.

Wall Street followed E.U. stock market and closed in a green zone. The main data became FOMC May Minutes reporting on 5% hike in a rate.
According to the Minutes, FED is confused concerning the further steps in a rate policy. At the meeting they could not solve the prospect of borrowing costs hike if it is still necessary. This led to the second wave of positive sentiment on Wall Street. The Bank has also emphasised, that the further decisions under rates will extremely depend on current economic situation and prospects. Oil flied and reached $72 by the end of a day. This became the maximum hike for 2 weeks. Issued Chicago PMI (Chicago PMI диаграмма), showed unexpected growth to 61.5 pp. in May against the prior data 57.2 pp.
Corporate front: Google is going to meet analysts today. Such data occurred only a week ago. Utility Mirant referred to NRG Energy with in $8 bln. merge. But NRG refused.
Trade volumes: NYSE 1.26 bln.shr.; Nasdaq - 1.42 bln.