US: U.S. stocks gained for a third day as International Business Machines Corp.'s $15 billion buyback, higher retail earnings and rising commodity prices bolstered confidence profits will hold up even as the economy slows.
Europe: European stocks rose for a second day after the biggest bond insurers kept their top debt ratings, increasing speculation that banks will avert another $70 billion in credit losses.
Asia: Asian stocks advanced, led by financial companies, after the world's largest bond insurers retained top credit ratings, easing concern that global economic growth will slow on new credit losses.
Commodities: Crude oil traded near a record in New York as the U.S. dollar fell to an all-time low against the euro, prompting some traders to invest in commodities as a hedge against inflation. Gold futures rose on speculation a weakening dollar and the surging cost of raw materials will boost demand for the precious metal as a hedge against inflation. Silver jumped 3.5 percent.
Currencies: The dollar fell to an all-time low of $1.50 per euro on speculation Federal Reserve Chairman Ben S. Bernanke today will indicate the U.S. central bank is prepared to keep lowering interest rates.
Source: Bloomberg
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