“Stocks rose to a 17-month high and the yen weakened on speculation U.S. leaders will reach a budget deal and Japan’s central bank will expand stimulus. The euro strengthened after German business confidence increased.
The MSCI All-Country World Index (MXWD) gained for a third day, up 0.5 percent at 1:05 p.m. in London, to the highest since July 2011. Futures on the Standard & Poor’s 500 Index advanced 0.2 percent. Japan’s Topix Index rallied 2.8 percent for the biggest jump in 21 months, while 10-year government note yields rose 2 basis points. The yen depreciated against 15 of its 16 major peers, while the euro reached a seven-month high against the dollar. Lead climbed to a 15-month high.”
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