Commodities rose and Chinese stocks rallied the most in three years as a manufacturing survey added to signs of recovery in the worldâ€™s second-biggest economy. U.S. index (MXEF) futures and most European stocks gained, while Japanâ€™s yen weakened for the fourth day against the euro.
The Standard & Poorâ€™s GSCI gauge of 24 commodities climbed 0.6 percent at 10:01 a.m. in London as oil in New York jumped 1 percent and copper gained 0.2 percent. Japanâ€™s currency declined against all its major peers and traded at the lowest level in more than eight months against the euro. S&P 500 index futures added 0.3 percent, while the Stoxx Europe 600 Index swung between gains and losses. Spanish and Italian bonds rose.