Joined Nov 11, 2007
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The Euro Rises With Commodities and Equities

“The euro strengthened to a five-week high against the dollar, metals rose and European stocks headed for the longest monthly rally since 2006. The yen weakened as Japan approved additional stimulus.

The euro appreciated 0.3 percent to $1.3007 at 7:20 a.m. in New York. The Stoxx Europe 600 Index (SXXP) increased 0.3 percent, poised for a sixth month of gains. Futures on the Standard & Poor’s 500 Index added 0.2 percent. Copper jumped to a one-month high and zinc increased 1.3 percent. The perceived risk of corporate default has fallen 30 percent in the past six months. The yield on Japan’s benchmark 10-year note fell 1 1/2 basis points to 0.695 percent, the lowest since June 2003.”

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