A look at economic developments around the world (AP)

A look at economic developments and activity in major stock markets of the world Tuesday:

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Athens, Greece - head of main opposition of the flatly denied Greece of return of new austerity measures to tackle the overwhelming debt crisis, arguing that they would result in only an another recession, despite the insistence of the European Union for the cross-party support.

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Frankfurt, Germany - the index of business optimism stable closely monitored Germany which took place in may, a reassuring sign for the future of economic recovery already robust in the largest country in the eurozone despite the turbulence of Greece debt crises, Portugal and Ireland.

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LONDON - World Stocks rose modestly, a day after mounting fears about Europe's debt crisis envoys of tumbling, while the price of oil pushed out towards $100 a barrel after Goldman Sachs published an optimistic assessment of the prices of raw materials.

The FTSE 100 index leading British shares closed up 0.4% while the Germany DAX rose 0.4%. The CAC 40 in late France of 0.3 per cent higher.

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TOKYO - Earlier, one day turbulent trading in Asia ended with benchmarks higher key.

Nikkei 225 of the Japan increased 0.2 percent then that Hong Kong Hang Seng ended slightly higher.

The South Korea ABN has increased by 0.3%, but S & P/ASX 200 the Australia lost 0.3 per cent.

Chinese 苏童 shares were mixed as weak economic indicators and pessimistic forecasts for prospects short-term weighed on sentiment. The reference index of Shanghai Composite Index lost 0.3%, the more close in four months, while the Composite's Shenzhen China index has gained 0.1%.

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LONDON - Britain public loans exceeded the highest level ever recorded for the month of April, a blow to the much-publicised deficit reduction plans of the Government.

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LONDON - Investors Service ratings agency Moody has developed 14 British banks on review of downgrades rating of potential credit, citing the lack of any plan rescue subsidized by the State in the future.

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LONDON — Airlines clashed with regulators and pilots as passengers unstiffened themselves for the days of uncertainty and chaos caused by a cloud of volcanic ash being blown across the British Isles.

Britain's weather service said that the Iceland Grimsvotn volcano ash had moved on the parts of Scotland, which prompted the regulators of the air to warn the airlines that they must obtain permission to fly to and from the area. Hundreds of flights were cancelled in Britain and Ireland.

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MADRID - Spain invoked successfully 2.3 billion euros ($3.2 billion) in a sale at auction of the bond, with strong demand and borrowing rates constant indicating the concern of market on the situation of the country's debt were relaxed.

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KUALA LUMPUR, Malaysia - Malaysia will begin export durians to mainland China from July, challenging the monopoly of the Thailand on shipments of hairy candy, stinky that many Southeast Asian hail as "King of fruits".

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