Oil Rebounds From 5-Year Low as Market Most Volatile Since 2011

Oil rebounded in New York after slumping to a fresh five-year low as prices continued to swing amid the highest trading volatility since 2011. West Texas Intermediate climbed as much as 2.6 percent, trimming a fourth weekly drop. A measure of expected futures movements and a key gauge of options value was at the highest level since October 2011, data compiled by Bloomberg show. Saudi Arabia and OPEC would find it œdifficult, if not impossible...

Swiss Franc Slips Most Since 2013 on Negative Rates; Pound Rises

Switzerlands franc weakened the most in 18 months versus the euro after the nations central bank introduced negative interest rates to defend the currencys cap. The shared currency fell for a second day against the dollar as the Swiss National Bank decision boosted speculation the European Central Bank will expand stimulus measures next year. A gauge of the dollar reached a five-year high amid signals the Federal Reserves pledge to...

Asian Stocks Advance Most in Six Weeks Amid Global Equity Rally

Asian stocks headed for their largest advance in six weeks amid a global equity rally that sent U.S. equities surging. Japans Topix index jumped on a weaker yen ahead of a central bank policy decision.The MSCI Asia Pacific Index climbed 1.1 percent to 136.17 as of 9:08 a.m. in Tokyo, trimming its weekly decline to 0.7 percent, while the Topix added 2 percent. BOJ Governor Haruhiko Kuroda is expected to keep policy on hold today in Tokyo....

Japan Stocks Rise a Second Day as Fed Sparks Global Equity Rally

Japanese stocks jumped for a second day after U.S. equities posted the biggest two-day rally in three years amid rising confidence about the global economic outlook after the Federal Reserve pledged patience on interest rates. The Topix added 1.6 percent to 1,398.85 as of 9:01 a.m. in Tokyo, paring its loss this week to less than 0.1 percent. All of its 33 industry groups rose....

S&P 500 Caps Best Two-Day Gain Since 2011 Amid Global Rally

U.S. stocks rose, sending the Standard & Poors 500 Index to its best two-day gain in three years, as global equities rallied on the Federal Reserves pledge to be patient on boosting rates. The S&P 500 added 2.4 percent to 2,061.14 at 4 p.m. in New York, its largest one-day gain since January 2013. The index has climbed 4.5 percent over two days, the most since November 2011. The MSCI All-Country World Index soared 2 percent...