“Stocks rose, paring the biggest weekly drop in 10 months, as the Group of 20 nations concludes talks aimed at bolstering the global economy. The yen weakened, gold climbed above $1,400 an ounce and oil advanced.
The MSCI All-Country World Index added 0.3 percent at 6:55 a.m. in New York, paring this week’s loss to 2.6 percent. Standard & Poor’s 500 Index futures gained 0.7 percent. The Shanghai Composite Index jumped 2.1 percent. Japan’s currency tumbled at least 1 percent against all 16 major peers. The 10- year Treasury yield climbed two basis points to 1.71 percent. Gold rose 1.6 percent and Brent traded above $100 a barrel.
Japanese Finance Minister Taro Aso said yesterday that his nation’s policies went unopposed at the G-20 meeting inWashington, signaling further weakening of the yen as the central bank pushes ahead with stimulus measures. A Chinese government economist said growth will rebound. McDonald’s Corp. and Honeywell International Inc. are among companies due to release results before the start of New York trading today.
“After the declines we have seen, it’s to be expected that you will see a bit of a marginal bounce,” Brenda Kelly, market strategist at IG, told Mark Barton in an interview in London on Bloomberg Television.
The Stoxx Europe 600 Index climbed 1 percent for the first advance in six days. The gauge has still fallen 2 percent this week, the biggest drop this year….”
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