Overnight Market News – June 1, 2009
- General Motors Corp to File for Bankruptcy Later on This Morning, US Government to Provide USD 30mm of Additional Funds to Restructure the Automaker
- Chrysler Wins Court Approval to Sell Most of Its Assets to a Group Led by Italy’s Fiat SpA
- China’s Manufacturing Expands For a Third Consecutive Month in May Recording a Monthly Purchasing Manager’s Index Reading of 53.1
- Private Equity Firm Kohlberg Kravis Roberts (KKR) Posts Pre-Tax Loss of USD 1.2B in 2008, its First Loss in 5 Years, Amid the Global Credit Crisis
- Colombia’s Central Bank Cut its Benchmark Interest Rate by 100bps to a Record 5% in an Effort to Spur Consumer Demand
- Crude Oil Stands at USD 67.88 per Barrel
- Ethanol Stands at USD 1.84 per Gallon
- Natural Gas Stands at USD 4.01 per British Thermal Unit (Btu)
- Dow Jones Industrial Average Rises 96.53 Points (1.15%)
- London FTSE Index Rises 61.44 Points (1.39%)
- Japan Nikkei Index Rises 155.25 Points (1.63%)
- Hong Kong Hang Seng Index Rises 717.59 Points (3.95%)
- Brazil Bovespa Index Rises 156.99 Points (0.30%)
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