European Stocks Rise With Gold as Dollar Falls; Yen Strengthens
Bloomberg (30/5) - European stocks rebounded from the biggest decline in
a week, the dollar weakened and gold led metals higher before data on
the strength of the U.S. economic recovery. Japanese shares tumbled into
a correction while the yen appreciated.
The Stoxx Europe 600 Index rose 0.2 percent at 6 a.m. in New York, after tumbling 1.9 percent yesterday. Standard & Poor’s 500 Index futures slipped 0.1 percent. Japan’s Topix Index slid 3.8 percent, taking its decline from the recent peak to more than 10 percent. The yen strengthened 0.4 percent to 100.80 per dollar, advancing for a second day.
The Stoxx Europe 600 Index rose 0.2 percent at 6 a.m. in New York, after tumbling 1.9 percent yesterday. Standard & Poor’s 500 Index futures slipped 0.1 percent. Japan’s Topix Index slid 3.8 percent, taking its decline from the recent peak to more than 10 percent. The yen strengthened 0.4 percent to 100.80 per dollar, advancing for a second day.
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