World stocks edged higher and U.S. government bonds fell on Thursday after
stronger-than-expected U.S. employment data and an improvement in an index of
regional business conditions underpinned the view that the U.S. recession may
be nearly over.

Improved investor sentiment also supported oil prices above $71 a barrel,
after the data raised hopes for economic recovery and an increase in demand for
energy.

But the U.S. dollar strengthened against the euro in the afternoon after
initially falling against major currencies as the positive economic data
increased investors' appetite for higher-yielding assets.

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MARKET REPORTS:
> GLOBAL MARKETS-Stocks up, bonds down on good economic data [ID:nN18615350]
> MONEY MARKETS-Dollar borrowing costs at record lows [ID:nN18438674]
> EMERGING MARKETS-Stocks up slightly with US market [ID:nN18410414]
> COMMODITIES-Economic worries cap gains except for soy, cotton[ID:nN18407158]
MAIN ECONOMIC AND FINANCIAL NEWS MOVING GLOBAL MARKETS
> Green shoots of recovery seen in US factories, jobs data [ID:nN18379372]
> US Treasury to offer $104 bln in auctions next week [ID:nN18396977]
> EU leaders call for new bank supervision rules [ID:nLI398823]
> Swiss seek tough bank rules, renew recession fight [ID:nLG607451]
> UK retail sales fall in May, lending to business falls [ID:nLI2012]
> Obama lays out financial regulation overhaul plan [ID:nN17330766]
ANALYSIS RELATED TO THE GLOBAL ECONOMIC CRISIS
> Expanded Federal Reserve role may weigh on monetary tasks [ID:nN17354256]
> Banks shun bond guarantees in sign crisis is ebbing [ID:nN17352318]
> US regulators, banks look to quiet new watchdog [ID:nN17339022]
> Credit ratings agencies spared in Obama overhaul [ID:nN17337797]
> Proposed EU rules could impede US hedge funds [ID:nN17328124]
> Fed seen extending, not increasing Treasury purchases [ID:nN16283024]
> Systemic banking risk within Congress's purview [ID:nN16293975]
> China wants US to assume global duty of care for dollar [ID:nPEK6104]
> US inflation reality check ahead ? [ID:nN1285391]
> 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]
FACTBOXES
> Obama plan for tightening US financial regulation [ID:nN17343420]
> Major US financial regulation initiatives [ID:nN15211009]
> Key players in reshaping US financial regulation [ID:nN1570842]
> Major US financial regulators face shake up [ID:nN15198192]
> Signs of US money markets returning to normal [ID:nN15592502]
> 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]
> 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]