GLOBAL MARKETS-Global stocks rise but euro slips on Greek aid

                                
   * Global stocks rise on recovery hopes
                                
 * Euro hit by uncertainty over Greek rescue package
                                
 * Bonds rise on worries over emergency aid for Greece
                                
 * Oil slips below $85 a barrel as dollar strengthens
 (Updates with open of U.S. markets; adds NEW YORK dateline,
byline)
                                
 By Herbert Lash and Jeremy Gaunt
                                
 NEW YORK/LONDON, April 26 (Reuters) - Global stocks jumped
on Monday, lifted by strong corporate results and last week's
upbeat U.S. data, but the euro fell and Greek debt came under
renewed pressure on confusion over emergency aid for Greece.
                                
 Gold initially held above $1,155 an ounce and U.S.
government debt prices rose in a bid for safety as uncertainty
over how and when Greece would receive financial aid boosted
bullion's appeal as a haven from sovereign risk. For details
see: [ID:nLDE63P0XY] [ID:nN26310441]
                                
 The euro dipped briefly below $1.33, falling against the
greenback for the seventh trading session in eight as investors
fretted about the potential conditions attached to any loans to
Greece. [ID:nN26187440]
                                
 Greece requested emergency aid on Friday and tried to
reassure investors over the weekend that the 45 billion euros
($60.5 billion) from the European Union and International
Monetary Fund would arrive in time to avert a default.
                                
 But German Chancellor Angela Merkel said that Greece must
commit to further savings and show it can return to sustainable
growth before Germany would approve aid, while French Finance
Minister Christine Lagarde warned time was "of the essence."
[ID:nBEB004453][ID:nBAT005344]
                                
 Lagarde told an audience at the Global Financial Forum in
New York that the possibility of restructuring Greek debt was
"off the table." [ID:nN26189095]
                                
 "Aid for Greece still doesn't seem like a completed deal,
so all the uncertainty about the timing and details of a Greek
plan limits demand for euro," said Michael Malpede, analyst at
Easy Forex in Chicago.
                                
 The euro fell 0.5 percent to $1.3323 after earlier hitting
a session low of $1.3291 <EUR=>. It fell 0.1 percent to 125.55
yen <EURJPY=> and 1 percent to 86.14 pence, near a three-month
low of 86.06 pence touched earlier in the session.
                                
 Spot gold <XAU=> hit a peak of $1,159.73 an ounce in
earlier trade, its highest since April 15.
                                
 The cost of insuring against a default by debt-laden Greece
hit a record high, while concerns over sovereign credit risk
also boosted the cost of insuring Portuguese debt to new highs.
[ID:nLDE63P1NI]
                                
 Global stocks as measured by MSCI's all-country world index
<.MIWD00000PUS> were up 0.5 percent, helped by rising stock
markets in Europe and Asia.
                                
 U.S. stocks rose on strong results from Caterpillar Inc
<CAT.N> and a flurry of merger-and-acquisition activity,
although weakness in financial shares limited gains and pushed
the S&P 500 slightly lower. [ID:nN26187788]
                                
 Caterpillar's shares rose 5.2 percent after it raised its
full-year profit forecast, while shares of Whirlpool Corp
<WHR.N> surged almost 13 percent after its earnings beat
estimates and it raised its full-year profit view.
                                
 The Dow Jones industrial average <.DJI> was up 32.12
points, or 0.29 percent, at 11,236.40. The Standard & Poor's
500 Index <.SPX> was down 0.13 points, or 0.01 percent, at
1,217.15. The Nasdaq Composite Index <.IXIC> was down 0.75
points, or 0.03 percent, at 2,529.40.
                                
 Copper touched a one-week high as optimism about economic
growth and demand gained the upper hand after last week's
strong housing market data from the United States.
                                
 New U.S. home sales rose at their fastest pace in 47 years
in March and new orders for durable goods grew strongly.
                                
 The benchmark 10-year U.S. Treasury note <US10YT=RR> was up
6/32 in price to yield 3.79 percent.
                                
 The dollar was up against a basket of major currencies,
with the U.S. Dollar Index <.DXY> up 0.30 percent at 81.60.
Against the yen, the dollar <JPY=> was up 0.17 percent at
94.07.
                                
 Oil slipped below $85 a barrel on the dollar's rise against
the euro on the back of lingering doubts over Greece's debt
crisis. [ID:nSGE63P0AN]  U.S. light sweet crude oil <CLc1> fell
55 cents to $84.57 a barrel.
                                
 Overnight in Asia, the MSCI index of Asia-Pacific shares
outside Japan <.MIAPJ0000PUS> rose 1.3 percent, and Japan's
Nikkei average climbed more than 2 percent.
 (Reporting by Ryan Vlastelica, Steven C. Johnson and Richard
Leong in New York; Joe Brock, Kirsten Donovan and Pratima
Desai; Writing by Herbert Lash; Editing by Dan Grebler)