Stocks, Euro Rise on Greek Austerity Plan

Posted by Forexsq 100 days ago (http://www.bloomberg.com)

Forexsq.com - Global stocks advanced, rebounding from the biggest loss this year, and the euro rose after Greek lawmakers approved austerity plans to secure rescue funds. The yen fell as Japan’s economy shrank, while oil climbed after shipping companies said they would stop carrying Iranian crude.

The MSCI All-Country World Index (MXWD) added 0.4 percent as of 8:02 a.m. in London. The Stoxx Europe 600 Index rallied 0.6 percent and the Hang Seng China Enterprises Index (HSCEI) jumped 0.6 percent. The euro strengthened 0.4 percent to $1.3255, while the yen dropped against all of its 16 major peers. Oil rose 0.9 percent and copper gained 1 percent. German 10-year bund yields increased four basis points to 1.95 percent.