Dollar Gains as Fed’s Fisher Warns Against Delaying Rate Rise

The dollar climbed to a three-month high versus the yen after Federal Reserve Bank of Dallas President Richard Fisher warned a delay in raising U.S. interest rates risks recession. The greenback gained against all its major peers after Fisher, in his last speech at the helm of the Dallas Fed, said policy makers are better off tightening earlier and more gradually than later and more quickly. The dollar gained 0.3 percent to 121.47...

Gold Rises on Haven Demand as Pessimism on Greek Plan Increases

Gold futures rose from a three-month low amid concern that a provisional agreement to extend aid to Greece will unravel, boosting demand for haven assets. Eurogroup Chairman Jeroen Dijsselbloem said on Sunday that the list of measures that the Greek government proposed as part of its four-month aid accord were “far” from complete, and the country probably won’t receive an aid disbursement this month. Gold snapped the longest slump in...

Asian Stocks Advance After U.S. Equities Rebound, Yen Weakens

Asian stocks rose, following a rebound in U.S. equities, as a weaker yen boosted Japanese exporters and investors awaited data on China’s inflation. The MSCI Asia Pacific Index advanced 0.1 percent to 144.08 as of 9:01 a.m. in Tokyo. The gauge sank to a three-week low on Monday after U.S. jobs data spurred traders to bring forward bets on higher interest rates for the world’s largest...

Japan Stocks Rise as Yen Falls to Three-Month Low Against Dollar

Japanese stocks rose as the yen weakened to the lowest level against the dollar in three months, boosting the earnings outlook for exporters. The Topix index gained 0.5 percent to 1,539.88 as of a 9:01 a.m. in Tokyo, with all but one of its 33 industry groups rising. The Nikkei 225 Stock Average added 0.6 percent to 18,902.55. The yen slid 0.2 percent to 121.42 per dollar, dropping for a fourth day to its weakest since early December. The ...

U.S. Stocks Advance Amid Deals as Bull Run Enters Seventh Year

U.S. stocks rose amid corporate deals after the Standard & Poor’s 500 Index tumbled the most in two months on Friday. The S&P 500 advanced 0.4 percent to 2,079.43 at the close in New York, as equities entered the seventh year of a bull run. The Dow Jones Industrial Average added 138.94 points, or 0.8 percent, to 17,995.72. About 6.2 billion shares changed hands on U.S. exchanges, 11 percent below the three-month average. Concern ...