Emerging stocks rose to a two-month high, erasing this year’s drop, as Chinese export growth stoked a rally in technology companies and Turkish shares soared to a record. Commodity producers led gains in Brazil’s Ibovespa.
European stocks advanced for a second day and metals rose as China’s trade and German industrial output beat estimates and earnings topped projections. U.S. stocks were little changed after the Dow Jones Industrial Average climbed above 15,000 for the first time yesterday.
The forint strengthened to its highest level in three weeks as German industrial production rose for a second month and an unexpected acceleration in China’s external trade growth boosted riskier, emerging-market assets.
European stocks climbed, with the Stoxx Europe 600 Index extending its highest level since June 2008, as companies from ING Groep NV to Deutsche Telekom AG posted quarterly earnings that beat estimates.
Four companies owned by state-run Qatar Petroleum plan to sell shares to the public in the coming years as the country, home to the world’s third-largest gas reserves, seeks to build its $135 billion stock exchange.