U.S. Stocks Rise With Oil, S&P 500 Rallies to Highest in 6 Weeks

U.S. stocks rallied, with the Standard & Poor’s 500 Index closing at a six-week high, amid broad gains as a surge in oil prices helped lessen concern that a slowdown in global growth is deepening. The S&P 500 rose 1.4 percent to 1,945.28 at 4 p.m. in New York, the highest since Jan. 6 following its strongest weekly advance since November. The benchmark is less than seven points below its average price during the past...

Dollar jumps as pound, yen unravel

The dollar climbed on Monday, helped by the pound falling on heightened “Brexit” worries and the yen dropping amid Tokyo stocks’ steady gains. The ICE U.S. Dollar index a measure of the buck’s strength against a basket of six rival currencies – jumped 0.9% to 97.46, clinging to gains despite a weak reading from the Markit U.S. manufacturing PMI, which declined to 51 in the February flash estimate, its lowest level since 2012. The ...

Gold futures mark first loss in four sessions

Gold futures settled sharply lower on Monday, as analysts blamed the first price decline in four sessions on investors showing a hankering for stocks and other riskier assets. Gold futures for April delivery slumped $20.70, or 1.7%, to settle at $1,210.10 an ounce, while March silver shed 18.9 cents, or 1.2%, to $15.184 an ounce. Both precious metals appeared to retreat after enjoying recent haven bids during earlier worries about the...

Hong Kong Shares End up, Track Strong Mainland Market (Review)

Hong Kong shares strengthened on Monday, tracking gains in mainland stocks, which jumped after Beijing replaced its top securities regulator and on fresh measures to support the real estate sector.The Hang Seng index rose 0.9 percent, to 19,464.09, while the China Enterprises Index gained 1.3 percent, to 8,221.37 points.All main sectors rose, but shares of Alibaba Health Information Technology Ltd tumbled 14 percent after regulators said...

European stocks jump to 2-week high as oil rallies

European stock markets logged broad-based gains on Monday, as a rally in oil prices and some metals prices calmed investor nerves after the recent commodity rout. The Stoxx Europe 600 index jumped 1.6% to 331.72, setting it on track for the highest closing level since early February. Elsewhere, Germany’s DAX 30 index rose 2% to 9,576.33, while France’s CAC 40 index %  gained 1.8% to 4,298.08. The jump in oil prices help...