Commodities Trade Higher on China Data and Expected Stimulus Out of Japan

“Commodities gained after China’s exports topped estimates and investors speculated Japanwill expand stimulus. Spain’s two-year yield dropped to the lowest in more than two years and the euro strengthened after the country sold more debt than targeted at its first auction this year.

The Standard & Poor’s GSCI gauge of 24 commodities advanced 1 percent at 7:25 a.m. in New York, with aluminum climbing 1.8 percent and oil rising to the highest in more than three months. The yield on Spain’s two-year notes fell 29 basis points to 2.11 percent, the lowest since November 2010, and the euro gained 0.3 percent to $1.3097. S&P 500 Index futures added 0.3 percent and the Stoxx Europe 600 Index rose less than 0.1 percent….”

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