Stock market: Tuesday results. [М] [E]

Closing:
Nikkei -258.67, (-1.60%) 15,599.20
FTSE 100 +146.00 (+2.60%) 5678.70
DOW -27.70 (-0.25%) 11,097.63
NASDAQ -13.57 (-0.62%) 2,159.29
S&P 500 -5.58 (-0.44%) 1,256.49
10YR -4/32 5.05% 100 16/32

On Tuesday Japanese stock indexes dropped to the three-months lows.
Main losers were Japanese export-oriented companies as Advantest Corp. and Honda Motor Co. Such sentiment was caused by fears global rates elevation can negatively influence economic growth and corporate profits.
Significant losses were seen in technology sector, cars and banking.
Shares of Advantest, the largest world manufacturer of the equipment for testing microchips, have lost 2.4 %, Toshiba Corp. 2.4 %. Honda fell 3.7 %, Nissan Motor Co. - 2.2 %. Decrease of the largest world bank Mitsubishi UFJ Financial Group Inc shares proceeded after the report saying bank waits for profit decrease on 37% y/y led by the demand absence for credits.

European stock indexes have restored recent losses.
European share indexes were restored from area of 5-month' minimum as "pare bets" in extracting and oil sector due to commodity market started to grow after recent falling.

The main indexes of the USA tried to grow yesterday. Alongside with restoration of the prices for raw materials and growth of technology sector, attention of investors was attracted to housing construction.
Nevertheless the building company Toll Brothers, Inc. reported on decrease in profits in Q2, that was the highest for the three years. Also the company cut the forecasts of EPS on FY06 because real estate market is still demanded with speculators.
As a reminder estate market was the third worst branch group S&P(-21.8%) from the beginning of year. Sales became stronger by the end of trading and the market finished with losses.
Corporate news:
Wall Street Journal informed, mortgage company Fannie Mae can pay fees nearly $400 mln. for breaking rules of accountancy.
On Monday afternoon Google announced about aid for WEB - site ensure them with advertisements. It lead to strengthening of competition on TV market.
Trade volumes: NYSE 1.54 bln. shares; Nasdaq - 1.78 bln.