Dow Jones: U.S. stock market recovered, the S & P 500 reached the highest increase in two weeks linked to reports from China, Japan, and Australia, which reported increased optimism on the global financial crisis. Shares of Caterpillar, the largest construction equipment manufacturer in the world, rose by 5.5 percent. Meanwhile, shares of Alcoa, the world’s largest aluminum producer, rose 4.2 percent. BP shares rose by 12 percent, the most since October 2008. S & P rose 3% to 1,086.84 with details of 496 stocks rose. Dow Jones Industrial Average rose 273.28 points, or 2.8 percent to 10,172.53 level.

Regional Morning: Asian stock markets rose for two consecutive days with increasing interest of investors toward riskier assets amid speculation that the European debt crisis will not hamper economic growth. Canon Inc., Which acquired 31% of sales from Europe, up 2.2% in Tokyo after the European Central Bank raised growth forecasts for the euro area this year. Samsung Electronics Co. (+2.5%) in Seoul. BHP Billiton Ltd. (+2.2%) After the strengthening of metals and oil prices. Nikkei (+1.9%) 9.719 KOSPI (+1.66%) 1.679 S & P / ASX 200 (+1.4%) 4.495 STI (+0.9%) 2803

Commodity: Crude oil prices surged to its highest level in the past four weeks following the increase in equity markets after economic reports from China, Japan and Australia, indicating the strengthening of global economic recovery. Oil prices rose 5.7% in the last three days because of higher export figures of China in the highest level in six years and Japan’s economic growth in the fastest pace in the second quarter 2009 in a period of three months to March. The Dow Jones Industrial Average rose 2.8% and the euro exchange rate also rose for the third day WTI Crude -0.1% (75.4 U.S. dollars / barrel), Gold 100 +0.3% (EUR 1.220 / t oz), CPO -0.5% ( RM 2.532 / MT), Nickel -1.7% (USD 18.945 / MT), Tin +2.0% (EUR 16.650 / MT).
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