European stocks rose for a second day and Asian equities headed for their longest winning streak since March as manufacturing indicators in Japan and China beat forecasts. The euro fell before factory and jobs data for the currency bloc and oil declined from a one-month high.
The Stoxx Europe 600 (SXXP) Index added 0.2 percent as of 8:01 a.m. in London, while theMSCI Asia Pacific (MXAP) Index gained 0.3 percent in its fourth day of gains. Standard & Poor’s 500 Index futures slipped 0.3 percent. The euro dropped against most of its major peers after gaining 1.8 percent against the dollar on June 29. Oil in New York sank 1.5 percent to $83.72 a barrel after surging the most in three years. Corn rose to the highest since September. The Markit iTraxx indexes tracking credit- default swaps for Asia ex-Japan, Japan and Australia all fell.
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