Overnight Market News – May 29, 2009
- Italy’s Fiat SpA Abandons Talks Regarding the Future of Opel in Berlin, Says German Gov’t “Unreasonable”
- Japan’s Factory Output Increased 5.2% in April, Biggest Monthly Gain in Over 50 Years, Manufacturers Expect Further Gains Ahead
- Eurozone Inflation Rate at Record LO of 0.0% in May Inducing Concern that Deflation is Imminent
- India’s Economic Growth Slowed to Annual Rate of 5.8% in First Quarter, Better than Expected
- RH Donnelly Corp, Publisher of US Yellow-Pages, Files for Chapter 11 Bankruptcy Protection
- Swedish Court Grants General Motors Corp’s (GM) Loss-Making Saab Business Additional Time to Restructure
- Crude Oil Stands at USD 66.11 per Barrel
- Ethanol Stands at USD 1.82 per GallonNatural Gas Stands at USD 4.05 per British Thermal Unit (Btu)
- Dow Jones Industrial Average Rises 103.78 Points (1.25%)
- London FTSE Index Rises 58.25 Points (1.33%)
- Japan Nikkei Index Rises 71.11 Points (0.75%)
- Hong Kong Hang Seng Index Rises 285.73 Points (1.60%)
- Brazil Bovespa Index Rises 1,249.13 Points (2.41%)
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