Cotton planting in India, the world’s largest grower after China, may drop for a second year after the weakest monsoon rains in three years deepened a water shortage in the main growing regions. Futures in Mumbai climbed.
The Standard & Poor’s 500 Index rebounded to within two points of its record after orders for U.S. durable goods climbed more than forecast in February and home prices increased the most since June 2006.
U.S. stocks and commodities climbed, with oil posting its biggest gain of the year, after bigger-than-forecast increases in American durable-goods orders and home prices bolstered optimism in the world’s largest economy. Treasuries erased earlier losses.
New Jersey Governor Chris Christie drew laughs at the Pine Brook Jewish Center in Montville last month as he explained the “ugly truth” of his 27-year marriage: His bond-trader wife is his meal ticket.
U.S. stocks had the biggest weekly rally since January, driving the Dow Jones Industrial Average to a record, amid faster-than-forecast jobs growth and speculation that the Federal Reserve will continue to stimulate the economy.
Sales at U.S. retailers probably rose in February for the fourth consecutive month as an improved job market and stronger household finances helped consumers adjust to a higher payroll tax, economists said before a report this week.