The U.S. dollar recovered some of this week's losses on Friday, pressuring
oil and other commodities, while the Dow edged into positive territory for the
first time this year since January in lackluster trade.

U.S. Treasury debt rallied, extending a retreat in benchmark yields from
eight-month highs, as investors breathed a sigh of relief after the U.S.
government this week sold $65 billion in new debt with relative ease.

The dollar rose broadly, rebounding from the week's steep sell-off, as
demand for the euro fell after data showed a 21.6 percent plunge in euro zone
industrial production in April -- a new record drop in output in the 16-country
area.

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MARKET REPORTS:
> GLOBAL MARKETS-US dollar rebounds, commodities sag [ID:nN12396637]
> MONEY MARKETS-US swap spreads narrow, dollar Libor dips [ID:nN12385986]
> COMMODITIES-US dollar bounce undermines oil, metals [ID:nN12417145]
> GLOBAL MARKETS WEEKAHEAD-Inflation alarm after yields, oil up[ID:nLC417687]
MAIN ECONOMIC AND FINANCIAL NEWS MOVING GLOBAL MARKETS
> BlackRock buys Barclays Global Investors for $13.5 bln [ID:nLC391915]
> US consumer sentiment at 9-month high, price worries emerge [ID:nN12549197]
> G8 finance ministers to discuss exit from economic stimulus [ID:nLC727487]
> Eurozone April industrial output down 21.6 pct [ID:nLC172970]
> China May industrial output 8.9 pct in May year [ID:nPEK330475]
> Hong Kong industrial production down 10.2 pct in March year [ID:nHKG55406]
> Japan capacity utilization rises in April [ID:nT330958]
ANALYSIS RELATED TO THE GLOBAL ECONOMIC CRISIS
> Market survives US debt supply barrage, more ahead [ID:nN12263190]
> Junk bonds defy rising interest rates to extend rally [ID:nN10454380]
> Commodity markets rally may not augur economic recovery [ID:nLB30677]
> Art of the possible tempers Obama financial reforms [ID:nN10646795]
> Risk assets hitting speed bumps after rally [ID:nL8698035]
> Commodity price rises create bubble concerns [ID:nN08326945]
> FED FOCUS-Federal Reserve to bond market: "We get it" [ID:nN05279806]
> US Treasury bloodbath soaks top fund managers [ID:nN03523331]
> What if US banks repay government aid money too fast ? [ID:nN05292829]
FACTBOXES
> Draft agenda for G8 finance ministers meeting June 12-13 [ID:nL41010670]
> US, European bank writedowns and credit losses [ID:nLT971364]
> US banks that are repaying TARP bailout money [ID:nN09372318]
> US banks raise $65 bln after stress tests [ID:nSP432506]
> Where has all the US bailout money gone ? [ID:nN0289041]
> The Federal Reserve's evolving liquidity toolkit [ID:nN19437787]
> Major US financial regulation reform initiatives [ID:nN14510432]
> US regulators propose regulating OTC derivatives [ID:nN13627181]
> Facts and figures from Obama's budget [ID:nN06299995]
> US Treasury details toxic asset plan [ID:nLN437165]
> Full text ECB statement on rates, asset buying [ID:nECBTEXT]
> World government actions to limit bank bad loan damage [ID:nLL193589]