“U.S. stocks and commodities rallied for a second day, while the dollar and Treasuries fell, as investors awaited results of the presidential election. Australia’s dollar rose as the central bank left interest rates unchanged.
The Standard & Poor’s 500 Index increased 0.9 percent to 1,429.92 and the Stoxx Europe 600 Index (SXXP) advanced 0.6 percent at 12:57 p.m. in New York. Treasury 10-year notes snapped a two-day advance, sending yields up two basis points at 1.71 percent, and the dollar weakened against 14 of 16 major peers. Oil and gasoline surged amid forecasts that fuel supplies dropped when Hurricane Sandy forced the shutdown of East Coast refineries.”
If you enjoy the content at iBankCoin, please follow us on Twitter
