- Published on Tuesday, 03 July 2012 13:47
- Written by Bloomberg.com
European stocks rose to a two-month high and Asian shares advanced on speculation central banks will ease monetary policy to spur growth. U.S. equities were little changed before data on factory orders, while oil led commodities higher and the yen weakened.
The Stoxx Europe 600 (SXXP) Index added 0.6 percent at 9:30 a.m. in New York and Standard & Poor’s 500 Index was little changed near the 1,361 level. The MSCI Asia Pacific Index (MXAP) gained 0.9 percent. Barclays Plc rose 2 percent after Robert Diamond resigned as chief executive officer, while the cost of insuring against a default by the bank increased. The yen fell against its 16 major peers, and the 10-year German bund declined. Oil jumped almost 4 percent and corn climbed for a third day. Full story