US: Most U.S. stocks gained as record oil and gold prices spurred a rally in commodity producers, outweighing declines in technology and financial shares. Exxon Mobil Corp. and Freeport-McMoRan Copper & Gold Inc. helped the Standard & Poor's 500 Index recover from a decline of 0.8 percent and rise for the first time in four days.
Europe: European stocks retreated for a fourth day, led by financial companies, as Warren Buffett said ``the party is over'' for insurers and investors speculated banks may have more credit-market losses.
Asia: Asian stocks fell the most in a month, erasing February's gain, on concern worsening credit losses at financial companies will push the U.S. economy into a recession.
Commodities: Crude oil rose to a record after the dollar dropped to an all-time low against the euro, increasing the appeal of commodities as an alternative investment. Gold rose to a record $992 an ounce as the dollar fell to the lowest ever against the euro and crude oil neared $104 a barrel, stoking concern that inflation will accelerate. Silver climbed to the highest since 1980.
Currencies: The dollar traded close to the weakest ever against the euro on speculation the slumping U.S. economy will cause banks to report more losses from the collapse of the subprime-mortgage market.
Source: Bloomberg
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