The Dollar Index rose for a second day before U.S. data tomorrow on first-quarter growth amid speculation the Federal Reserve will curb monetary stimulus.
U.K. stocks climbed, sending the FTSE 100 Index close to a four-week high, amid mounting optimism that central banks from Europe to the U.S. will maintain stimulus support when they meet this week.
European stocks climbed, with the benchmark Stoxx Europe 600 Index posting the biggest four-day gain since early January, as a report showed American unemployment claims fell more than forecast.
The euro’s 16 member states need to surrender some control of tax and spending to avoid a breakup of the currency, according to Credit Suisse Group AG.
German stocks declined for a second day as exports from Europe’s largest economy and factory orders fell, while investors awaited the start of the fourth-quarter U.S. earnings season.
U.K. stocks rallied to the highest level in more than five years as reports showed that U.S. employers added more jobs, Chinese exports surged and Japan’s economy returned to growth.
Most European stocks fell after German exports dropped and investors speculated recent gains have overshot the outlook for company profits as Alcoa Inc. prepared to kick off the U.S. earnings season.
German stocks fell for a second day, with the benchmark DAX Index heading for its third straight weekly drop, as Group of 20 finance ministers and central bankers met in Moscow.
New Zealand’s second-largest city, Christchurch, faces gale force winds and heavy rains today that may add to an estimated NZ$2 billion ($1.44 billion) of damage caused by yesterday’s magnitude 7.0 earthquake .
European stocks dropped by the most in two weeks after HSBC Holdings Plc and CGGVeritas reported earnings that disappointed investors and amid concern that Greece will struggle to get further aid.
"Tapering of QE will start probably in September, October."
- Bob Parker on May 28, 2013
Parker Says Expectations Are ‘Dramatic'
Parker Says Slowdown Concern Is Driving Investors