Dollar Trades Near 12-Year High Versus Euro on China Slowing

The dollar traded near a 12-year high against the euro as signs of cooling in China’s economy highlighted the diverging fortunes of the world’s two biggest economies. The greenback maintained its strength before a report Tuesday forecast to show U.S. retail sales increased by the most in a year, bolstering the case for the Federal Reserve to raise interest rates in 2015. Australia’s dollar led commodity currencies lower on Monday as...

Gold Falls Fourth Time in Five Days as Rising Dollar Cuts Demand

Gold futures declined for the fourth time in five sessions after a rise in the dollar cut demand for the metal as an alternative investment. The Bloomberg Dollar Spot Index climbed to a three-week high as signs of a slowdown in China highlighted the diverging fortunes of the world’s two biggest economies, enhancing the appeal of the U.S. currency. Gold has posted two straight monthly declines after the greenback...

U.S. Stocks Decline as GE Retreat Weighs on Industrial Shares

U.S. stocks fell as General Electric Co. retreated from a six-year high, leading industrial companies lower while investors awaited this week’s corporate earnings reports. The Standard & Poor’s 500 Index declined 0.4 percent to 2,092.57 at 4 p.m. in New York. The Nasdaq Composite Index slipped 0.2 percent, erasing an earlier gain that took it above 5,000 for the first time in three weeks. The Nasdaq Composite climbed earlier Monday...

Nasdaq Composite Tops 5,000 as Netflix Leads Internet Advance

The Nasdaq Composite Index rose above 5,000, approaching its all-time high as Netflix Inc. led a rally in Internet stocks while investors awaited this week’s corporate earnings reports. Netflix added 6.3 percent after an analyst upgrade, and Facebook Inc. increased 1.9 percent as the Nasdaq Internet Index rose to its highest level in more than a month. Gilead Sciences Inc. gained more than 1.2 percent as a gauge of biotechnology stocks...

European Stocks Extend Record With Spanish Shares at 5-Year High

European stocks advanced for a fifth day, with Spanish equities jumping to their highest levels since January 2010. The Stoxx Europe 600 Index added 0.2 percent to 413.63 at the close of trading in London, after rising as much as 0.3 percent. Gains in Telefonica SA and Banco Santander SA pushed the IBEX 35 Index up 1 percent for one of the biggest jumps in western-European markets....