Economics
Oil Climbs With Emerging-Market Assets as U.S. Stocks, Yen Fall
- WTI tops $43 as OPEC chief sees rebound out of bear market
- Asian index futures mixed after S&P 500 ends day down 0.1%
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Oil climbed with emerging-market assets on optimism central-bank stimulus and a strengthening U.S. economy will sustain global growth. American stocks fell.
Crude led gains in commodities after OPEC’s president said the current bear market would be short-lived, while zinc and nickel drove industrial metals higher. Global shares rose to a one-year high after the U.K. started its expanded bond-buying program and as bets on the Federal Reserve raising interest rates in 2016 hovered below 50 percent. Health-care shares led the S&P 500 Index down from a record high, while the yen extended losses.