U.S. stocks rose with the dollar, while Treasuries fell amid better-than-forecast corporate earnings and data signaling stronger economies from China to Europe. Copper and oil advanced.
The Standard & Poors 500 Index increased 0.7 percent at 9:31 a.m. in New York. Caterpillar Inc. jumped 3.5 percent after earnings beat analysts projections. Ten-year Treasury yields rose four basis points to 2.26 percent. Japans currency slid against the dollar for a sixth day. Copper climbed 0.5 percent. Crude gained 1.1 percent after a person with knowledge of Saudi Arabias oil policy said the kingdom cut supply in September.
Fewer Americans filed applications for unemployment benefits over the past month than at any time in 14 years, according to Labor Department data. Earnings from Caterpillar to General Motors Co. surpassed analysts estimates. Separate data showed manufacturing in the euro area unexpectedly revived in October while a gauge of Chinese factory activity rose, exceeding analysts estimates.
Source : Bloomberg