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Wall Street closed higher Tuesday sensitive.

The Dow Jones gained 1.44% to 10,363.02 points. The S & P 500 has been 1.54% to 1095.34 points and the Nasdaq Composite Index advanced 1.99% to 2242.03 points.

The Nikkei ended down 0.39% Tuesday, investors punishing the uncertainty created by the defeat of the Japanese Democratic Party senatorial elections.

The Nikkei lost 37.21 points to 9,548.11 points and the broader TOPIX, yielded 3.51 points (0.41%) to 857.70.

The reduction is still limited, however, the market had anticipated the outcome of the election on Sunday.

"The results of this election are obviously not positive, but at this stage they are probably neutral rating, investors had already considered the possibility that the ruling party does not obtain a majority, explained before the opening Yutaka Miura, analyst at Mizuho Securities.

"The market seems to act by anticipation the government's defeat, but look at how the market will assimilate the implications for future policy," confirms Atsushi Ito at Morgan Stanley in Tokyo MUFG.

The Paris Bourse continued to rise Friday in early trading after three consecutive sessions of gains, investors seemed somewhat reassured about the global growth.

Around 09:15, the CAC 40 gained 0.71% to 3563.52 points.

No value of ACC is in the red. Schneider (+1.85%) tops the index increases, Credit Suisse has raised its advice from neutral to overweight.

Financial stocks remain well oriented. BNP Paribas takes 0.87%, 1.5% Axa 0.81% and Societe Generale.

London and Frankfurt gained 0.38% 0.52%. The European indices, EuroStoxx 50 Eurofirst 300 rose 0.66% and 0.55%.

The euro goes above 1.27 dollars against 1.2689 late Thursday.

U.S. stocks rebounded sharply Wednesday, the positive outlook reported by State Street is considered a good omen for the next earnings release.

The Dow Jones 30 industrials gained 274.66 points, or 2.82%, to 10,018.28 points.The S & P 500 is broader, took 32.21 points, or 3.13%, to 1060.27 points while the Nasdaq Composite Index advanced 65.59 points for his side (3.13%) in 2159, 47 points.

Banks have been particularly sought after but investors have also acclaimed industrials and technology that had been particularly challenged in recent weeks.

"We now have more hope that there are more good surprises than bad during earnings season," said Marc Pado, market specialist at Cantor Fitzgerald & Co.

State Street, one of the largest institutional investors in the world, has soared 9.87% to 36.63 dollars after announcing that its second quarter results would be significantly above expectations. The new earnings season begins in the U.S. next week.

The entire banking sector recorded gains after heavy losses conceded the previous weeks.The KBW bank index has been 5.63%.

"The fact that a bank does what kind of pre-announcement is very encouraging and it makes a more positive tone on the market in general," said Jack Ablin, chief investment officer at Harris Private Bank.

FAMILY DOLLAR FALLS AFTER OUTLOOK Disappointing

Technology stocks and industry have also shone. General Electric closed up 4.65% to 14.62 dollars and Cisco Systems advanced 5.34% to 22.48 dollars.

The energy sector is one of the other big winners of the day, supported by the increase in oil prices above the threshold of $ 74 on expectations of a decline in crude inventories in the United States.

The S & P values Energy closed up 3.23%.Chevron and Exxon Mobil have been respectively 2.8% and 1.69%.

The rebound came after several difficult weeks for stock markets face the persistent fears about the fragility of the recovery. The S & P lost 15% since a peak on April 23 and it shows a decline of 7.5% since the beginning of the year.

"The market was so oversold that we had to know a rebound like today," said Paul Hickey, co-founder of Bespoke Investment Group LLC.

The analyst, however, highlighted the reduced volume of trade that causes increased volatility.

To reverse the trend, Family Dollar fell 8.06% to 36.26 dollars.The discount retailer reported a profit forecast for the fourth quarter below expectations, blamed on the downturn in consumer spending.

Growth in services has generally slowed in June in the world, show figures of purchasing managers in the sector released Monday, a sign of projected slowdown in global economic activity in the second half.

The data are in the same sense that the figures for the manufacturing sector published last week.

The study unveiled Monday Markit shows that the service sector in the euro zone slowed in June to 55.5 after hitting a high of 33 months in May, partly because of lower orders.

The slowdown was particularly marked in Spain and Italy.

The UK service in June recorded its lowest growth rate in ten months, the index retreating to 54.4, mainly because of the record monthly drop in confidence.

"These results are extremely low for those who anticipate a linear recovery of the British economy", says Lena Komileva of Tullett Prebon.

"This is the beginning of a relapse of the economy, the study clearly show that the recovery has peaked."

In Europe, the slowdown is exacerbated by austerity plans massive commitment by governments to clean up state budgets but weighing heavily on consumption already at half mast.

"The debt crisis in Europe, coupled with fiscal discipline in a number of countries, has a negative impact on economic activity in the region," said Howard Archer, chief economist for Europe at IHS Global Insight .

In China, the PMI HSBC measuring the rise in Chinese service sector fell to a low of 15 months in June, at 55.6 against 56.4.

Although still largely located above the 50 mark that separates growth from contraction, this slowdown in economic activity, also visible in the manufacturing sector is the result of measures taken by the Chinese government to avoid overheating of the economy.

The U.S. index for services, which will be released Tuesday, is expected also down.

In France, if the decline is less strong, growth falters, too, the index standing at 60.8 in June, but remains stable in contrast to Germany.

The ECB president Jean-Claude Trichet has rejected any scenario Sunday relapse of European economies, which he says will be reinforced by fiscal consolidation in Europe and structural reforms.

Approximately one quarter of economists polled by Reuters three weeks ago, before the widening concerns about a slowing global economy, however, was betting on a new recession in the euro area.

LVMH said on Friday taking a 70% stake in Sack's, the leader in sales of perfumes and cosmetics on the Internet and a leading distributor of beauty products in Brazil.

This acquisition will enable the world's leading luxury brand Sephora develop the Brazilian market, first in line and in stores, LVMH said in a statement.

The group did not disclose the cost of this operation.

Sack's, founded in 2000 and based in Rio de Janeiro, sells over 270 brands and over 83,000 customers in its database, the statement said.

The site for online sale is one of the three most visited sites in Brazil, with 4 million unique visitors per month.

BNP Paribas and BPCE announce an alliance in consumer credit, which will require the development of a common IT platform operational from 1 January 2013.

This long-term credit for specialized subsidiaries, BNP Paribas and Natixis Financing Personal Finance, which each remain autonomous in the conduct of trade policy, say the two groups in a statement.

The two banking groups, which had already forged a partnership in 2004 for electronic payments, want to pool the necessary investments in consumer credit in the years to come.

"The ambition is to build a common platform for management of consumer credit leading up to the development objectives and performance expectations to meet market requirements," they explain.

From 1 January 2013, this platform will provide the technical management of all consumer loans (installment loans and revolving) networks Banque Populaire, Caisse d'Epargne and BNP Paribas.