TAKE-A-LOOK: US dollar at 5-month low, oil extends gains

Oil prices surged to a fresh six-month high and the U.S. dollar slipped to
a five-month low against major currencies on Friday on more evidence from
around the world that the economic downturn may be easing.

Global stocks rose and some equities markets posted 2009 highs, eroding the
safe-haven allure of U.S. dollar-based assets, and sending the euro EUR= to a
2009 high against the dollar.

U.S. Treasury and euro zone debt prices recovered with the help of mixed
economic data and relief over a pause in government bond auctions, allowing the
30-year U.S. long bond to recover more than one full point on the day.

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MARKET REPORTS:
> GLOBAL MARKETS-Oil extends gains, US dollar at 5-month low [ID:nN29488759]
> MONEY MARKETS-Dollar Libor at new low, seen stabilizing [ID:nLT1004339]
> EMERGING MARKETS-Stocks see biggest monthly gain in 20 years [ID:nLT194246]
> COMMODITIES-Ebbing recession, weak dollar extend rally [ID:nN28368235]
MAIN ECONOMIC AND FINANCIAL NEWS DRIVING GLOBAL MARKETS
> US Q1 economic contraction revised down, profits rebound [ID:nN29399341]
> Tensions rise as Germany races for Opel deal for GM [ID:nLT218182]
> Eurozone May inflation at zero, prices seen falling [ID:nLT382650]
> Eurozone private sector loan growth slowest on record [ID:nLT1003781]
> German retail sales rise in April [ID:nLT648783]
> UK house prices rise for 2nd month, conumers in better mood [ID:nLT18341]
> South Korea output rises for 4th month but inventories down [ID:SEO27519]
> South Korea national pension fund to reduce US bond holdings [ID:nSEO21633]
> Japan factory output jumps most in 50 years [ID:nT20910]
> US Treasury's Geithner to reassure China on debt course [ID:nN28370599]
> GM bondholders accept new offer ahead of bankruptcy [ID:nSP402834]
ANALYSIS RELATED TO GLOBAL ECONOMIC CRISIS
> Rising US bond yields may spark Credit Crisis II [ID:nN29511709]
> Where would you put your money in a world without Triple-A [ID:nLR721400]
> Rise in US Treasury yields may trigger more Fed buying [ID:nN28555634]
> Rising oil prices may test US economy's "green shoots" [ID:nN27320515]
> Chrysler's bankruptcy: the hard part is ahead [ID:nN27284698]
> Ailing US dollar sets gold on track for $1,000 mark [ID:nLR443457]
> EU banking supervision reform skirts big questions [ID:nLR694216]
> Inventory bounce may boost Europe's economies [ID:nLP628982]
> Fed, ECB must fight two battles at same time [ID:nN21308154]
> US economy at risk of double-dip recession [ID:nN20503870]
FACTBOXES
> By the numbers: China's dragon vs India's elephant [ID:nPEK145951]
> The Federal Reserve's evolving liquidity toolkit [ID:nN19437787]
> Major US financial regulation reform initiatives [ID:nN14510432]
> Obama administration efforts to tackle financial crisis [ID:nN14509260]
> US regulators propose regulating OTC derivatives [ID:nN13627181]
> Summary of 19 US stress tested banks' capital plans [ID:nN11540406]
> Full text ECB statement on rates, asset buying [ID:nECBTEXT]
> Facts and figures from Obama's budget [ID:nN06299995]
> TEXT-G7 communique-April 24 [ID:nN24515491]
> World government actions to limit bank bad loan damage [ID:nLL193589]
> Where has all the US bailout money gone ? [ID:nN0289041]
> G20 summit final communique [ID:nL2577733]
> US Treasury details toxic asset plan [ID:nLN437165]