Commodities Rise Amid Signs of Chinese Economic Recovery

Posted by Forexsq 680 days ago (
img Commodities rose and Chinese stocks rallied the most in three years as a manufacturing survey added to signs of recovery in the world’s second-biggest economy. U.S. index (MXEF) futures and most European stocks gained, while Japan’s yen weakened for the fourth day against the euro.

The Standard & Poor’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. Japan’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.

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