Stock market: Monday results.[E]

Nikkei +28.36 (+0.19%) 15152.40

FTSE 100 -10.90 (-0.2%) 5681.20

DOW +59.23 (+0.54%) 11048.32

NASDAQ +12.17 (+0.57%) 2133.64

S&P 500 +6.31 (+0.51%) 1250.81

10YR 99 3/32 -3/32 5.24%

Japan stock market lifted on Monday mainly on steel manufacturers gains.

Nippon Steel Corp. and JFE Holdings Inc. headed growth on acquisition speculations between Mittal Steel Co. and Arcelor SA.

Nippon Steel added 1.7%; JFE Holdings +1.3%; Sumitomo Metal Industries Ltd. +2.2%.

Mittal Steel made a record for this sector offer in Е26.9 bln. ($33.7bln.) for Arcelor.

Toyota rose on 0.9%; Honda – on 1% after 0.8% decline. Besides, Nissan Motor Co. dropped on 1.4%.

EU stock exchanges closed in a red on fears ECB may become more aggressive than expected on it’s monetary policy in the nearer future.

Steel producers’ front showed Arcelor accepted Mittal Steel offer in E27 bln. after the last made higher offer proposed E40.4 per share. Final price exceeds January offer 43%. After this message Arcelor added 7.9%, and Mittal lost 3.7%.

ThyssenKrupp shares lost 2.6%.

Wall Street closed in black supported by strong data on M&A, but most part of the session indices traded without any tendency before FOMC meeting.

Johnson & Johnson reported about a $16.6 bln. deal on purchase of Pfizer’s unit, which includes such famous brands as Listerine, Rolaids, Rogaine and Sudafed.

Phelps Dodge agreed to buy two main Canadian nickel mines Inco and Falconbridge for $40 bln.

Corporate news: Boston Scientific Corporation said on Monday it is recalling heart devices from market because of defects.

Lennar Corporation published strong profit report, showing 56% jump in revenue.

Microsoft Corporation announced partnerships with Hewlett-Pakard, Motorola and other device makers to create software that will simplify how workers communicate with each other.

Before the bell New Home Sales data were published. Data testified unexpected rise to 1.23 mln. y/y, 4.6% higher revised April data 1.18 mln.

August WTI futures closed near session highs $71.80 (+$0.93).

Trade volumes: NYSE 1.02 bln.; Nasdaq – 1.16 bln.