Stock market: Wednesday results: [E]

Closing:
Nikkei +308.00 +2.00% 15,907.20
FTSE 100 -91.6, -1.60% 5587.10
DOW +18.97 +0.17%11,117.32
NASDAQ +10.41 +0.48% 2,169.17
S & P 500 +1.99 +0.16% 1,258.57
10YR -4/32 5.04% 100 20/32

Japanese stock markets rebounded from the three-months lows.
Export-oriented companies were supported by yen drop against USD. Toyota Motor Corp. and Canon Inc. were among leaders.
Toyota shares added 3.2%. Last year Toyota exported 60% of it’s production. Mitsubishi Motors Corp. added 2.3%, Honda Motor Co. 2.3%.
Canon, 75%- external market company grew on 2.1%, Tokyo Electron Ltd added 4.2%. Extracting companies such as Inpex Holdings Inc. and Sumitomo Metal Mining Co. picked up after copper, gold, oil and other raw materials has sharply lifted.

On Wednesday the European stock market sharply decreased after the USA stock drops. This caused by fears of inflation growth and possibility of transfer of the bird's flu from person to person.
Main losers were air and oil companies. Pressure upon the last was caused by oil losses and termination of a hurricanes season.
Shares of mining companies decrease because of USD priced with oil has fallen.
However pharmacy adds on expanding sells sales of a drug "Tamiflu", made Roche as after flash of the bird's flu in Indonesia.

Wall Street has renewed decrease on Wednesday.
Economic data of interest growth to the technological companies and increase of rating GM supported the main USA stock indexes at the beginning of trades.
In accordance with governmental report DGO in April lost 4.8%. It is the first drop since the beginning of a year.
Forecast predicted less drop on 0.5%.
Main stock indexes were picked up with unexpectedly strong report on new home sales. New home sales has climbed on 4.9% to 1.198 mln. years high in April.
Strengthening of shares General Motors supported Dow. Share added 3% after Merrill Lynch increased rating to level "buy" from "neutral."
Nevertheless main indexes tried to hook session highs but pare bets returned them to a zero level.
Industrial sector has drop on negative territory after General Electric (GE 33.76 -0.25) approval of forecast EPS on FY06 has not brought optimistic sentiment.
Decrease in the main indexes looked by the least resistance on a bases of sales pressure in the power and commodity sectors, caused by reduction of oil and gold on 2.7 % both 5.4 %, accordingly, and absence of leaders.
Main indexes could positively rebound at the afternoon and close session with pluses. Trade volumes: NYSE 1.92 bln. shares; Nasdaq - 2.26 bln.