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The Dollar, Oil and stocks advance; Market wrap

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The dollar gained, Treasuries retreated and stocks advanced as an appetite for risk returned .

Bloomberg’s dollar index was headed for the first increase in eight days.

The Stoxx Europe 600 Index jumped the most in more than a week as all the region’s major stock gauges advanced and almost every sector gained.

Meanwhile, Federal Reserve speakers are now in a blackout period before next week’s policy meeting, so investors are likely to devote much of their attention to assessing the impact of natural disasters on U.S. growth.

Here are the main moves in markets:

The Stoxx Europe 600 Index jumped 0.9 percent as of 9:57 a.m. London time, the highest in almost four weeks.

Futures on the S&P 500 Index increased 0.5 percent to the highest in five weeks on a closing basis.

The MSCI All-Country World Index increased 0.3 percent to the highest on record with the largest climb in more than a week.

Currencies

The Bloomberg Dollar Spot Index gained 0.2 percent, the first advance in more than a week.

The euro dipped 0.1 percent to $1.2018, the first retreat in more than a week.

The British pound decreased 0.1 percent to $1.319, the first retreat in a week.

Commodities

Gold sank 0.7 percent to $1,337.62 an ounce, the biggest dip in almost four weeks.

West Texas Intermediate crude climbed 0.5 percent to $47.72 a barrel.

Source: Bloomberg Pro Terminal

Junior Trader Stefan Panteleev


 Varchev Traders

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