Stocks Gain as Earnings Roll In; Dollar Steadies: Markets Wrap

Global stocks advanced following the latest set of corporate results.

The U.S. dollar traded sideways after Monday’s drop.

The Stoxx Europe 600 Index was again poised to end its losing streak, heading for the first gain in four days after companies including BP Plc reported. The oil giant beat estimates, and was the biggest contributor to the advance. Crude itself also rose, as traders await U.S. government data forecast to show stockpiles extended declines.

And here are some of the key moves in markets:
Stocks
The Stoxx Europe 600 Index climbed 0.5 percent.

The U.K.’s FTSE 100 Index advanced 0.8 percent, the largest gain in a week.

Germany’s DAX Index advanced 0.4 percent, the biggest gain in a week.

Currencies

The Bloomberg Dollar Spot Index declined less than 0.05 percent to the lowest in more than two years.

The euro fell 0.2 percent to $1.1818.

The British pound gained 0.1 percent to $1.3231, the strongest in more than 10 months.

Commodities

West Texas Intermediate crude gained 0.4 percent to $50.39 a barrel, reaching the highest in almost 10 weeks on its seventh straight advance.

Gold fell 0.1 percent to $1,267.59 an ounce, the largest fall in a week.

Source: Bloomberg Pro Terminal

Junior Trader Stefan Panteleev

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