TAKE-A-LOOK: World stocks and dollar slip as banks issue stock

U.S. and European stocks fell and oil slid on Monday as investors locked in
profits after a strong run-up in riskier assets and major U.S. banks announced
large stock offerings to repay government bailouts.

U.S. Treasuries and euro zone government debt rose as the outlook for
stocks weakened, while the Federal Reserve bought $3.51 billion of longer-dated
bonds and the Bank of England bought 3.4 billion pounds ($5.16 billion) of
long-dated gilts.

Oil retreated to under $58 a barrel, pressured by weaker equity markets, a
firmer dollar and profit-taking, all helping drive crude's price from six-month
highs reached last Friday.

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MARKET REPORTS:
> GLOBAL MARKETS-Stocks, US dollar fall as banks issues stock [ID:nN11423383]
> MONEY MARKETS-Dollar Libor extends decline, spreads tighten [ID:nLB683740]
> EMERGING MARKETS-Stocks at 7-month highs, rand dips [ID:nLB713495]
MAIN ECONOMIC AND FINANCIAL NEWS DRIVING GLOBAL MARKETS
> White House forecasts higher US budget deficits [ID:nN11526758]
> Obama proposes tripling FDIC borrowing power [ID:nN11530370]
> Global economy about to turn the corner - ECB's Trichet [ID:nLB194016]
> Three US banks to sell stock, repay TARP money [ID:nN11506115]
> Microsoft to make three-part benchmark debt issue [ID:nN11530868]
> Germany tweaks "bad" bank plan to push risk onto shareholders [ID:nLB276178]
> Industrial output in France and Italy drops sharply in March [ID:nLB205262]
> HSBC says Q1 profits rise, investment banking strong [ID:nLB716280]
> China prices fall for 3rd month of deflation [ID:nPEK39063]
> US April payrolls fall 539,000; jobless rate rises to 8.9 pct[ID:nN08455623]
> US banks seek $75 bln; European peers' bad debts soar [ID:nL81019092]
> US to give GMAC substantial support - Geithner [ID:nN08487783]
ANALYSIS RELATED TO GLOBAL ECONOMIC CRISIS
> Emerging market stocks rebound seems more than bear rally [ID:nLB156992]
> Getting money flowing after the stress test [ID:nN08493678]
> US banks race to issue debt but TARP exit still unclear [ID:nN08464037]
> Rising US Treasury yields may force Fed wallet open wider [ID:nN08501567]
> Stress test relief seen unlikely to spur lending [ID:n07620376]
> Sell in May and go away? Maybe not this year [ID:nN07401481]
> Citigroup OK for now, may still face trouble [ID:nN06296308]
> Stress tested US banks may offer new shares [ID:nN06149445]
> Blistering pace of stock rally raises warning flags [ID:nL6211042]
> US jobs data a stress test of its own [ID:nN01341566]
> Union, government control of US automakers seen a risk [ID:nN30154284]
> Mexico faces deeper recession on swine flu outbreak [ID:nN30198214]
FACTBOXES
> Stress tested banks need combined $74.6 bln capital [ID:nWEQ000989]
> Summary of 19 stress-tested banks' capital needs [ID:nN07388962]
> Full text ECB statement on rates, asset buying [ID:nECBTEXT]
> Facts and figures from Obama's budget [ID:nN06299995]
> US bank stress test capital targets, conditions [ID:nN06306650]
> Summary of US stress-tested banks' capital needs [ID:nN06296381]
> Details of Chrysler bankruptcy, restructuring plan [ID:nN30323164]
> TEXT-G7 communique-April 24 [ID:nN24515491]
> World government actions to limit bank bad loan damage [ID:nLL193589]
> Major US financial regulation reform initiatives [ID:nN20382395]
> Where has all the US bailout money gone ? [ID:nN0289041]
> G20 summit final communique [ID:nL2577733]
> US Treasury details toxic asset plan [ID:nLN437165]
> Q&A - How will the US asset clean up plan work ? [ID:nN23293892]
> US Treasury fact sheet on investment program [ID:nN23190502]
> Federal Reserve statement after March 17-18 meeting [ID:nN18366605]