Overnight Market News – May 27, 2009
- US Government Expected to Buy 70% Stake in General Motors Corp (GM) as Bankruptcy Looms
- Chrysler LLC Expected to Exit Ch 11 Bankruptcy Protection as Early as Next Week, Boosting Optimism for a Swift Proceeding for GM
- European Union (EU) Reveals Plan to Regulate, Reduce Risk in Financial Markets
- McDonald’s Corp Plans to Edge Starbucks Corp as Europe’s Biggest Coffee Chain, Open Several Hundred McCafe Stores this Year
- Japan’s Drooping Exports Improved in April, Falling 39.1% vs 45.6% in March Causing Unexpected Trade Surplus
- IBM Allocates USD 3B to Finance “Smart Infrastructure” Ventures in Europe and Asia Likely to Gain Government Stimulus Support
- Crude Oil Stands at USD 63.18 per Barrel
- Ethanol Stands at USD 1.80 per Gallon
- Natural Gas Stands at USD 3.55 per British Thermal Unit (Btu)
- Dow Jones Industrial Average Rises 196.17 Points (2.37%)
- London FTSE Index Falls 1.28 Points (-0.03%)
- Japan Nikkei Index Rises 127.96 Points (1.37%)
- Hong Kong Hang Seng Index Rises 893.71 Points (5.26%)
- Brazil Bovespa Index Rises 1,024.56 Points (2.02%)
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