Gold Rise Stalls as Equity Rally Damps Demand for Haven Assets

Gold is losing momentum after the best month in three years as gains in the equity market curbed demand for haven assets. Prices settled little changed Thursday and are down 3.4 percent since reaching a five-month high in late January. The MSCI All-Country World Index of shares rose for a fourth straight session, after posting losses in January and December. Gold futures for delivery in April slipped 0.1 percent to settle at $1,262.70...

Euro Rebounds as Greece Retains Funding Access After ECB Limits

The euro strengthened, recovering most of Wednesday™s loss, as Greek banks will get emergency funding after the European Central Bank put restriction on loans to the nation™s financial system. The currency gained versus most of its major peers as the ECB will allow the Greek central bank to provide as much as 59.5 billion euros ($68 billion) in emergency funding for the country™s lenders, a euro-area central-bank official familiar with...

U.S. Stocks Erase 2015 Losses Amid Deals, Oil Rally; Bonds Fall

U.S. stocks rose, with benchmark indexes erasing losses for the year, as Pfizer Inc. announced a $17 billion deal and energy producers climbed with crude. Treasuries fell, while the euro strengthened as investors assessed negotiations on Greece™s bailout. The Standard & Poor™s 500 Index added 1 percent at 4 p.m. in New York, capping a recovery from a 3.1 percent slide in January....

U.S. Stocks Rise on Pfizer Deal, Oil Rally; Treasuries Decline

U.S. stocks rose, with benchmark indexes briefly erasing losses for 2015, as Pfizer Inc. announced a $17 billion deal and energy producers climbed with crude oil. Treasuries fell, while the euro strengthened as investors assessed bailout negotiations among Greece and European leaders. The Standard & Poor™s 500 Index added 0.8 percent at 12 p.m. in New York. The yield on 10-year Treasuries advanced six basis points to 1.81 percent....

European Stocks Close at 7-Year High; Greek Shares Drop on Talks

Stocks in Europe closed at their highest level in more than seven years. Greek shares fell amid concern over talks between the nation™s government and European leaders. The Stoxx Europe 600 Index added 0.1 percent to 372.51 at the close of trading, erasing intraday losses of as much as 0.6 percent as energy shares advanced. The ECB restricted loans to Greece, a decision that will raise financing costs for the nation™s banks and increase...