Hedge funds increased bullish bets on commodities for the first time in three weeks as prices dropped to a two-month low on signs of slowing Chinese growth and rising supplies of everything from crude oil to coffee.
Speculators raised bullish wagers on commodities to a three-month high on mounting speculation that more economic stimulus will boost demand for everything from oil to metals and crop prices will keep rising as drought spreads.
Stocks, bonds and commodities posted monthly declines for the first time since the end of the financial crisis in February 2009, dragged down by concern Greece will default and signs economies are slowing.
Tiffany & Co. and Consolidated Edison Inc. are among 11 Standard & Poor’s 500 Index companies, including three retailers and four utilities, that may boost their dividends next week, according to data compiled by Bloomberg.
U.S. stocks gained amid speculation that Italian Prime Minister-designate Mario Monti will form a new government to battle the debt crisis, while growth in retail sales bolstered optimism in the economy. The euro pared losses and Treasuries erased their advance.
Oil fell, helping reverse a slide in global stocks, as crude demand weakened after Japan’s worst earthquake on record forced refineries to close. The yen gained as investors bought the domestic currency as a haven.
U.S. stocks declined, sending the Dow Jones Industrial Average to the lowest level since January, as Greece struggled to form a new government amid growing speculation the nation may leave the European currency.