Stocks
Caterpillar Beating Komatsu as Dow Industrials Soar on Dollar Index Drop For the first time since the equity
rally began in March, the biggest U.S. stocks are beating the
smallest as the dollar’s descent sends investors to companies
with the most business in international markets.
U.S. Stocks Gain as Home Sales Beat Forecasts While Exxon Rises With Oil U.S. stocks rose, breaking a three-
day losing streak for the Standard & Poor’s 500 Index, as sales
of existing homes climbed more than forecast and speculation
that the Federal Reserve will leave interest rates at a record
low lifted commodities.
China Green, Cigna, Origin Agritech, Peet's, Steelcase: U.S. Equity Movers Shares of the following companies
are having unusual moves in U.S. trading. Stock symbols are in
parentheses and share prices are as of 11:10 a.m. in New York.
Emerging-Market Stocks, Currencies Rise on Commodities, Economic Outlook Developing-nation shares rose the
most in a week and emerging-market currencies rallied on gains
for commodity prices and speculation central banks will keep
interest rates low to underpin the global economic recovery.
Canada Stocks Rise as Commodity Prices Jump; Barrick, First Quantum Gain Canadian stocks rose for the first
time in three days, led by energy and raw-materials producers,
after U.S. officials suggested stimulus policies may continue
longer than investors thought.
Brazilian Banks Expensive on `Absurd' Gain as Lending Grows, Mercatto Says Brazil’s largest banks are too
expensive after an “absurd” rally this year spurred by
prospects they will accelerate lending to meet rising consumer
demand, according to Mercatto Gestao de Recursos.
Bills Yielding Zero as Stocks Soar Give Investors Bernanke Moment of 1938 For the first time in seven decades,
Treasury bills are paying no interest while stocks continue to
appreciate -- a divergence in U.S. financial markets that might
be perilous if Federal Reserve Chairman Ben S. Bernanke didn’t
know all about 1938.
European Stocks Climb Most in Five Weeks; BHP Billiton, Renault Lead Gain European stocks surged the most in
five weeks as data on the region’s services and manufacturing
industries and U.S. home sales added to signs the economic
recovery is strengthening.
U.K. Stocks Snap Four-Day Decline on Economy; Rio Tinto, Lonmin Advance U.K. stocks rose for the first time
in five days, led by basic-resources and financial companies,
after a jump in existing U.S. home sales added to signs the
global economy is recovering.
DAX Index Snaps Two-Day Drop as Steelmakers, Infineon, Deutsche Bank Rise German stocks climbed the most in a
month as reports showed sales of existing U.S. homes jumped to
the highest level since 2007 and European services and
manufacturing industries expanded.
Haynes May Be Appointed CEO of Chi-X Europe, Biggest Alternative Market Alasdair Haynes may be named chief
executive officer of Chi-X Europe Ltd., the region’s biggest
alternative trading system, according to three people familiar
with the situation.
Phoenix Solar Shares Upgraded to `Add' at WestLB, Citing Sales Outlook Phoenix Solar AG was raised to
“add” from “neutral” at WestLB AG, saying in a report “we
believe that the company’s sales growth will pick up strongly in
the coming two quarters, because we anticipate an accelerating
market for power plants in Germany.”
Asian Stocks Advance on Optimism for Growth in China, Higher Metal Prices Asian stocks rose for the first time
in three days as the head of China’s top economic planning
agency pledged to maintain “consistent, stable” policies to
boost growth, while higher metal prices boosted mining companies.
Hong Kong Stocks Gain on China Growth Optimism; Citic Bank, Zijin Advance Hong Kong stocks advanced for the
first time in five days after the head of China’s top economic
planning agency pledged to maintain “consistent, stable”
policies to boost growth.