Gold Slides Most Since July as Stock Rebound Erodes Haven Demand

Gold, the year’s best-performing commodity, dropped the most in almost seven months as rebounding global equities cut demand for a haven. The metal slid as much as 2.5 percent in London on Monday. European stocks headed for the biggest two-day gain in more than four years as People’s Bank of China Governor Zhou Xiaochuan expressed faith in the economy, while a stronger dollar eroded the bullion’s appeal as an alternative investment. Gold...

Oil Advances for a Second Day After Bullish Bets Increase

Oil advanced a second day, rising briefly above $30 a barrel in New York for the first time in almost a week. West Texas Intermediate futures rose 1.1 percent in electronic trading in New York after surging 12 percent on Friday. Speculators’ long positions in WTI through Feb. 9 rose to the highest since June, according to data from the U.S. Commodity Futures Trading Commission. Iran loaded its first cargo to Europe since international...

Hong Kong Shares Jump Over 3 Pct on Global Market Bounce (Review)

Hong Kong stocks posted their best performance in five months on Monday with a jump of over 3 percent, inspired by a surge in Japanese shares and Friday gains in U.S. and European markets following last week's global equity sell-off.Unexpectedly light losses in mainland China stock markets, which reopened after the week-long Lunar New Year holiday, also encourage some buying interest.The benchmark Hang Seng index, which sank to...

European stocks rally for second day on stimulus hopes

Europe’s benchmark stock index rallied the most in three weeks on Monday, as investors latched on to hopes central banks will launch more stimulus soon. The Stoxx Europe 600 index jumped 3% to close at 321.76, its largest one-day percentage gain since Jan. 22. Shares of Unipol Gruppo Finanziario SpA jumped 7.7%, Banco Popolare climbed 7.3%, Banca Monte dei Paschi di Siena SpA rose 9.2%, and Banca Popolare di Milano Scarl gained 5.7%. Other...

Dow Futures Rally More Than 200 Points as Analysts Call Market Bottom

U.S. stock futures moved sharply higher on Monday, mirroring solid gains in Asia where weak data spurred hopes that central banks will launch more easing measures. Investors were also speculating whether a bottom has been reached after the recent selloff, with some analysts arguing the market is oversold in the short term. Futures for the Dow Jones Industrial Average jumped 211 points, or 1.3% to 16,123, while those for the...