European Shares Rally Most in 10 Weeks Before Fed Rate Decision

European stocks rallied the most since Oct. 5 as investors bet that the U.S. economy is strong enough to cope with the Federal Reserve’s expected first interest rate increase in almost a decade. Tullow Oil Plc helped push energy companies to the best performance of the 19 industry groups on the Stoxx Europe 600 Index after the successful exploration of a well increased the potential size of oil resources in Kenya. Total SA and Royal...

Oil Extend Gain From Six-Year Low as U.S. May Lift Export Ban

Crude climbed a second day after tumbling to a six-year low amid signs the U.S. may allow unfettered exports for the first time in 40 years. West Texas Intermediate rose as much as 4.3 percent, adding to Monday’s 1.9 percent gain amid a broader rally of U.S. and European stocks. House Democrats are open to lifting the ban on American crude exports if they get adequate concessions in exchange, a Democratic leadership aide said Monday....

Dollar Climbs Before Feds Interest-Rate Decision as Bonds Fall

The dollar climbed versus the euro and yen as bond yields rose before the Federal Reserve’s interest-rate decision Wednesday. The greenback gained as U.S. two-year yields reached the highest level since May 2010 after a report showed core inflation rose in November for a third month. A measure of price swings in the foreign-exchange market accelerated to close to the most this month. With...

U.S. Stocks Rally With Crude Oil for Second Day as Fed Gathers

The Standard & Poor’s 500 Index capped its first back-to-back gains in more than a month as energy companies led a rally with crude oil, while Federal Reserve officials started a two-day meeting at which they are widely expected raise interest rates for the first time since 2006. Chevron Corp. and Exxon Mobil Corp. gained more than 3.8 percent, taking their two-day advances to more than 6.8 percent. Financial shares increased as ...

U.S. Stocks Advance, Tracking Oil for Second Day as Fed Gathers

U.S. stocks rose for a second day as energy companies rallied with crude oil, while Federal Reserve officials start a two-day meeting at which they are widely expected raise rates for the first time since 2006. Chevron Corp. and Exxon Mobil Corp. gained more than 3.2 percent, taking their two-day advances to more than 6 percent. Financial shares increased as concern over turmoil in high-yield bonds abated, with asset managers Affiliated...