The Standard & Poor’s 500 Index rose following its first three-day slump since September, as gasoline and oil rallied while gold and silver slid. Emerging market stocks fell as a gauge of Chinese manufacturing missed estimates and the Federal Reserve said it may reduce stimulus.
Intermediate Capital Group Plc, an asset manager that oversees 13 billion euros ($18 billion), is increasing investments in European leveraged loans because they offer better value than high-yield bonds.
McJunkin Red Man Corp., a supplier of pipe, valves and fitting products, is seeking a $794 million loan to refinance debt. Internap Network Services Corp. is raising debt to fund the acquisition of cloud provider iWeb.
Intermediate Capital Group Plc is in talks to buy a stake in Symington’s, a U.K. food producer which is seeking capital to buy new brands, the Sunday Times reported, without saying how it got the information.