Late Market Update (DIS, FIATY.PK, HYMLF.PK, NSANY.PK, DAI, F, VLKAF.PK, HMC)

The dollar index moved up to 86.98 from 86.740, late Tuesday due to a weak yen. The yen fell against the US dollar and the euro due to the resignation of Japanese Prime Minister Yukio Hatoyama. The resignation of the prime minister within a year in office has undermined the safe-haven status of the yen. ABC’s early advance advertising sales for the fall television season have met the early projections made by Walt Disney Co

. Disney Chief Executive Bob Iger mentions, "We thought it would be a good upfront...based on an improvement in the economy." Most of the auto-makers have posted double-digit growth in the US May sales. The auto-makers include Chrysler

, which was up by 33%, Hyundai

, which gained 33%, Nissan

, which jumped 24.1%, Daimler

, which was up by 21.9% and Ford

, which jumped 21.9%. Volkswagen

, which was up 20.3%, and Honda

, which added 19.1% were also strong during the day. Automakers are getting benefits from a fragile but improving economy. Read more