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Global Stocks, Metals, Oil Advance on Greece

Posted by Forexsq 96 days ago (http://www.bloomberg.com)
img Forexsq.com - Stocks and commodities rose to the highest levels in six months on speculation the U.S. is growing with little inflation. The cost of insuring European debt fell the most in two weeks on optimism Greece will get a bailout.

The MSCI All-Country World Index (MXWD) gained 0.5 percent at 9:20 a.m. in London, on course for the highest close since Aug. 1. Standard & Poor’s 500 Index futures slipped less than 0.1 percent after the U.S. gauge rose 1.1 percent yesterday. The S&P GSCI index of 24 commodities climbed 0.3 percent and oil in New York rose above $102 a barrel for a third day. The Markit iTraxx SovX Western Europe Index of credit-default swaps on 15 governments fell eight basis points to 340.

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