Stocks, Greek Notes Rise on Aid Approval; Zinc, Crude Advance
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Stocks rose in Europe and Greek two-year notes advanced for a fifth day after officials approved an aid payment to Greece to prevent a default. Zinc climbed to a two-month high and oil advanced.
The Stoxx Europe 600 Index added 0.2 percent as more than two stocks gained for every one that fell, while Canada’s Standard & Poor’s/TSX Composite Index increased 0.6 percent at 4 p.m. in New York. U.S. markets were closed for the Independence Day holiday. Thai stocks jumped the most in 14 months after the opposition won elections. The Greek two-year note yield dropped below 26 percent for the first time since June 14. Zinc rose 1.4 percent while oil climbed 0.1 percent to near a two-week high.