U.S.
stocks rose with the dollar, while Treasuries fell amid
better-than-forecast corporate earnings and data signaling stronger
economies from China to Europe. Copper and oil advanced.
The
Standard & Poors 500 Index increased 0.7 percent at 9:31 a.m. in
New York. Caterpillar Inc. jumped 3.5 percent after earnings beat
analysts projections. Ten-year Treasury yields rose four basis points to
2.26 percent. Japans currency slid against the dollar for a sixth day.
Copper climbed 0.5 percent. Crude gained 1.1 percent after a person with
knowledge of Saudi Arabias oil policy said the kingdom cut supply in
September.
Fewer
Americans filed applications for unemployment benefits over the past
month than at any time in 14 years, according to Labor Department data.
Earnings from Caterpillar to General Motors Co. surpassed analysts
estimates. Separate data showed manufacturing in the euro area
unexpectedly revived in October while a gauge of Chinese factory
activity rose, exceeding analysts estimates.
Source : Bloomberg
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