U.S. equity benchmarks rose to records and the Russell 2000 Index rallied to the highest since April, as European Central Bank stimulus boosted optimism in the global economy before tomorrow’s jobs report.
Emerging market stocks rose to a 13- month high while Treasuries fell amid optimism about growth in China and the U.S. The Standard & Poor’s 500 Index closed little changed following a four-day rally, while the yen gained.
U.S. stocks were little changed, following all-time highs for benchmark indexes yesterday, as investors awaited a European Central Bank decision on stimulus measures and a report on American employment in May.
The euro rose from an almost three- month low and European stocks fell as the region’s central bank prepared for a meeting on stimulus measures this week. Treasuries slid for a fourth day, the longest drop since October, while U.S. shares were little changed.
Treasuries advanced on weaker-than- estimated retail sales while the Standard & Poor’s 500 Index was little changed after climbing above 1,900 for the first time. The euro slid on speculation over stimulus measures.