Economics

Stocks Gain With Copper as Risk Appetite Spreads Across Markets

  • American manufacturing shrank at the fastest pace since '09
  • Copper leads metals advance on signs of rising U.S. demand

Will the U.S. Stock Market Rally Last Through December?

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U.S. stocks rose with Treasuries, while the dollar weakened as tepid manufacturing data out of major economies bolstered prospects for a continuation in central-bank support.

The dollar slipped from a seven-month high versus the euro on speculation the Federal Reserve’s first rate increase in nearly a decade has been priced in by investors, while yields on 10-year Treasury notes fell on expectations subsequent hikes will be gradual. The Standard & Poor’s 500 Index rebounded from Monday’s retreat, as a rally in U.K. banks kept an index of European shares near a three-month high. Metals climbed.