AutoZone, Medtronic Net Rise; Best Buy, Express Net Fall

AutoZone third quarter net increased 9% to $248.59 million. Express first quarter net shrank 20% to $42.1 million. Nordson second quarter net slumped 20% to $52.1 million. Urban Outfitters first quarter net fell 12% to $34 million. Williams-Sonoma first quarter net decreased 2.8% to $30.72 million.

Euro Area Growth Estimate Lowered; Accor Sells Motel 6

The European indexes gained more than 1% and the OECD lowered euro area growth forecast and Greece is expected to extend recession in the sixth year in 2013. The UK annual consumer price inflation eased in April. Accor agreed to sell Motel 6 to Blackstone for $1.9 billion.

Nikkei in Tokyo Extends Gains

Stocks in Tokyo extended gains for the second day in a row and exporters were in focus after the yen weakened a fraction and political leaders in the euro zone and China supported growth measures. Resources linked companies closed higher. Renesas Electronics is planning to cut 15% of its workforce.

Merger Deals of $25 Billion Lift World Indexes

U.S. indexes gained after trading at a 4-month low on Friday. Political leaders in Europe ratcheted up rhetoric of supporting Greece in the euro zone and China said it will support more growth measures. Merger deals of $25 billion were announced today.