Stocks, Copper, Euro Advance as China Cuts Reserve Ratio
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Stocks rose for a fourth day and metals rallied after China’s central bank cut reserve requirements for lenders. The euro and Italian bonds gained as European leaders prepared to discuss a Greek rescue.
The MSCI All-Country World Index added 0.6 percent to a six-month high at 5:10 p.m. New York time. Standard & Poor’s 500 Index futures added 0.5 percent. U.S. markets are closed for a holiday. The euro appreciated 0.8 percent to $1.3243, and the yield on the 10-year Italian note fell 10 basis points. Copper broke a six-day losing streak in London. Oil climbed to a nine-month high as Iran said it halted some crude exports.