Asian stocks rose for a sixth day, the longest streak of gains in nine months, as shipping lines surged and the Federal Reserve said it saw a moderate recovery in the world’s biggest economy.
The Federal Reserve’s pledge to buy more assets to shore up the economy is making European equities more lucrative for U.S. investors than domestic stocks.
U.K. stocks declined for a second day, led by airlines and travel companies as the ash cloud emanating from an Icelandic volcano closed parts of Europe’s airspace for a fifth consecutive day.
Investors are again downgrading the decision-making of Standard & Poor’s.
European stocks declined for the fourth time in five days amid speculation that this month’s rally may have overshot the outlook for economic growth.
U.K. stocks rose for a third day as China refrained from raising interest rates and merger and acquisition activity buoyed Wellstream Holdings Plc and Yule Catto & Co.
U.K. stocks climbed as Greek lawmakers met to debate austerity measures that the European Union has made a condition of providing further aid to the indebted country.
Swiss stocks closed down after swinging between gains and losses as investors contemplated whether a 9.7 percent slide in equities from this year’s high means forecasts for profits growth are outweighing concern about Europe’s debt crisis.