US: U.S. stocks rallied, sending the Dow Jones Industrial Average and Nasdaq Composite Index to their biggest gains this year, after International Business Machines Corp.'s earnings beat forecasts.
Europe: European stocks rose for the first time in four days, led by technology companies, after sales for SAP AG and International Business Machines Corp. topped analysts' estimates.
Asia: Asian stocks fell to a three-week low, led by shipbuilders and oil producers, after Goldman Sachs Group Inc. cut its forecasts for regional growth on expectations the U.S. will fall into recession.
Commodities: Crude oil rose for the first time in four days after the dollar fell to within a cent of its all-time low against the euro, prompting investors to buy energy and metals futures as an inflation hedge. Gold and platinum rose to records and cotton and corn surged as a declining dollar increased demand for precious metals and farm products as alternatives to stocks and bonds.
Currencies: The dollar fell to within a cent of its all-time low versus the euro on speculation U.S. interest rates will drop below those of the 15 nations that share the single European currency for the first time in three years.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment