Stocks Rise While Yen Declines Before FOMC; Corn Drops

Posted by Forexsq 495 days ago (
img Stocks rose, while the yen weakened after its biggest weekly advance in four years, as investors weighed prospects for less economic stimulus before this week’s Federal Reserve meeting. Natural gas rebounded and corn fell.

The MSCI All-Country World Index advanced 0.5 percent to 365.01 at 7:05 a.m. in New York. Standard & Poor’s 500 Index futures climbed 0.9 percent. Japan’s currency depreciated at least 0.3 percent against its 16 major peers, weakening the most versus the rand and Australian dollar. Turkey’s lira snapped a four-day rally after police stepped up their crackdown on protesters in Istanbul and unions declared a strike. Natural gas jumped 2.2 percent after losing 2.5 percent last week, while corn futures slid 0.8 percent.

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