Dollar Poised for First Monthly Decline Since August Versus Euro

The dollar is on pace for the first monthly decline since August as investors bet the Federal Reserve will wait until at least April to raise interest rates again after last week’s liftoff from near zero. Hedge funds reduced futures bets for a second week that the dollar will advance against the 19-nation currency, in the last positioning data available before the U.S. central bank raised its target for the first time in almost a decade...

Brent Oil Slides to 11-Year Low as Producers Seen Worsening Glut

Brent crude slumped to the lowest since mid-2004 amid speculation suppliers from the Middle East to the U.S. will exacerbate a glut as they fight for market share. Futures fell 1.4 percent in London after a 2.8 percent drop last week. Producers are focusing on reducing costs amid the price decline, Qatar Energy Minister Mohammed Al Sada said Sunday at a gathering of Arab oil-exporting nations in Cairo. Drillers in the U.S. put...

U.S. Stocks Rise From Lowest Since October Following 2-Day Rout

U.S. stocks surged in the final minutes of trading, rebounding after the biggest two-day rout in three months as financial and technology companies paced a climb from equities’ lowest levels since October. The Standard & Poor’s 500 Index gained 0.8 percent to 2,021.21 at 4 p.m. in New York, during a session that saw the gauge erase an early 0.9 percent climb. Investors have wavered between optimism on the U.S. economy and concern...

U.S. Stocks Fluctuate as Energy Shares Slip, Bank Rally Fades

U.S. stocks fluctuated after erasing a rebound from two-month lows, as weakness in crude oil weighed on energy shares and a rally among banks faded. The KBW Bank Index wiped out a gain of as much as 1.3 percent, on the heels of the measure’s worst two-day drop since August. Energy companies slumped as Brent crude oil fell to an 11-year low. Walt Disney Co. slipped 1 percent, falling for a third day despite a record weekend at the box...

European Stocks Reverse Gains, Falling With Spain IBEX 35

Declines in energy shares dragged lower European equities that have managed to stay afloat most of the day despite plunges in Spanish equities. The Stoxx Europe 600 Index dropped 0.3 percent at 4 p.m. in London, erasing an advance of as much as 0.8 percent. Spain’s IBEX 35 Index dropped 2.7 percent, set for its biggest plunge in three months, after the nation’s prime minister lost his majority in an inconclusive weekend election. The ...