Gold Falls as Global Equities Rose on Easing Greek Debt Concerns

Gold futures declined for the second straight day as easing concerns on Greek debt boosted global equities, reducing demand for alternative assets. Greek Finance Minister Yanis Varoufakis proposed late on Monday to exchange existing debt for new bonds linked to economic growth. The MSCI All-Country World Index and the Standard & Poor™s 500 Index of U.S. stocks both rose as much as 1.3 percent. Gold in January capped the biggest...

Euro Rallies to Two-Week High as Greece Softens Stance on Debt

The euro rose to the strongest level in almost two weeks as Greece™s government was said to retreat from a demand for a debt writedown, boosting optimism the region won™t face a renewed crisis. Australia™s dollar tumbled to the weakest level since May 2009 after the Reserve Bank of Australia joined a growing number of central banks that are boosting monetary stimulus to address...

U.S. Stocks Advance as Energy Rally Extends to Broader Market

U.S. stocks rallied for a second day, rebounding from the biggest monthly drop in a year for the Standard & Poor™s 500 Index, as a surge in energy stocks spread to the broader market. The S&P 500 added 1.4 percent to 2,049.98 at 4 p.m. in New York, climbing above its average level for the past 50 days. The Dow Jones Industrial Average rose 304.98 points, or 1.8 percent,...

U.S. Stocks Advance as Oil Extends Rally

U.S. stocks rose, after the Standard & Poor™s 500 Index rebounded from its biggest monthly decline in a year, as oil prices rallied for a fourth day and Staples Inc. and Office Depot Inc. surged on merger speculation. The S&P 500 added 0.6 percent to 2,032.72 at 12:18 p.m. in New York, paring an earlier advance of as much as 1 percent. The Dow Jones Industrial Average rose 156.39 points, or 0.9 percent, to 17,517.43. The ...

European Stocks Rose as Greece Backs Down From Writedown Request

European stocks climbed as concern that Greece would defy its creditors eased after the nation retreated from a plan to ask the euro area to write down debt. The Stoxx Europe 600 Index rose 0.8 percent to 370.28 at the close of trading. The gauge pared gains of as much as 1.3 percent after a person familiar with the matter said Germany expects talks with Greece to drag on until the current round of aid runs out. Greek stocks surged...