European stocks rose with U.S. equity-index futures on results from Apple Inc. to Facebook Inc. and Caterpillar Inc. that beat analysts’ estimates and speculation of more takeovers. Most commodities rose, while Russian shares fell for a fourth day.
West Texas Intermediate traded near the lowest in more than two weeks as crude inventories increased to the highest level in 83 years in the U.S., the world’s biggest oil consumer. Brent was steady in London.
Emerging-market stocks rose for the first time in four days as Apple Inc. suppliers led a gauge of technology shares to a record on bigger-than-estimated shipments of iPhones. Hungarian bonds rallied and the forint slid.
President Barack Obama warned China the U.S. would protect East China Sea islands administered by Japan and urged the two countries to peacefully resolve a dispute over the territory that has raised tensions across Asia.
South Sudan fired its army chief as deepening violence in the world’s newest nation sparked international outrage and dimmed prospects for a pickup in oil production that’s the country’s main source of revenue.
Russia tested appetite for ruble bonds for the second time in eight weeks yesterday, only to scrap the auction after seeing how much it would pay to borrow as the crisis over neighboring Ukraine escalates.