U.S. stocks rose, led by automakers and technology companies, as a Senate panel voted to authorize military action in Syria and the Federal Reserve said the economy maintained a “modest to moderate” pace of growth.
Prime Minister David Cameron is sidestepping British diplomats to push a plan to loosen ties with the European Union, instead encouraging his own lawmakers to promote his most ambitious foreign-policy initiative.
Stocks rose for a second day and industrial metals rallied as slower-than-forecast Chinese inflation eased pressure on policy makers to tighten credit. The yen rebounded after a three-day slump took it to the weakest level since 2009 while the dollar weakened versus most peers.
Companies like DirecTV and McDonald’s Corp. that frequently buy back their own shares are recommended holdings for a “balanced global portfolio,” Citigroup Inc.’s Robert Buckland said in a note dated yesterday.
More than two decades after she left office, Margaret Thatcher’s death this month provided a reminder of the difficulties she continues to create for those who succeeded her as leader of Britain’s Conservative Party.
The effects of an earthquake in Japan on global equities may be limited and the MSCI All-Country World Index is “mildly oversold,” increasing opportunities to buy in the event of further declines, Citigroup Inc. said.