US: U.S. stocks staged their biggest rally this month after Standard & Poor's kept AAA debt ratings for the nation's largest bond insurers, easing concern credit losses will extend the worst earnings slump since 2001.
Europe: European stocks gained, led by financial companies, on speculation bond insurers will avoid a cut in their credit ratings and limit further losses related to subprime mortgages.
Asia: Asian stocks rose, led by financial companies and electronics exporters, on speculation U.S. banks will prevent subprime losses from slowing global economic growth.
Commodities: Crude oil was little changed in New York after gaining for the past two sessions on forecasts that fuel consumption will rise because of cold weather in the northern half of the U.S. Gold fell the most in almost two weeks after the U.S. said it would back ``limited'' sales of bullion reserves by the International Monetary Fund, the third-largest holder of the precious metal.
Currencies: The yen fell to a two-month low against the New Zealand dollar after MBIA Inc. said it plans to split its bond insurance business, encouraging traders to buy higher-yielding assets funded with loans in Japan.
Source: Bloomberg
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