A broad-based rally in commodities from oil to copper underpinned gains in producers of raw materials, while the dollar rose and bonds fell as the Federal Reserve prepares to conclude its policy meeting.
Energy shares propelled benchmark equity indexes in Europe and Asia, after earnings from Caterpillar Inc. and McDonald’s Corp. led to outsize gains in the Dow Jones Industrial Average. Oil rose above $48 a barrel for the first time since early June, while copper extended gains on expectations of increasing demand from China. The Australian dollar declined after inflation data missed estimates.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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