Stocks, Euro Rise on Greek Aid Optimism; Colombia Peso Gains

Stocks rose worldwide, paring the worst monthly drop since August, and the euro gained amid speculation nations will pledge more aid to Greece. Commodities climbed, Treasuries erased losses as U.S. economic reports missed forecasts, while Colombia’s peso advanced.

The MSCI All-Country World Index jumped 1.3 percent at 4 p.m. in New York, paring this month’s loss to 2.5 percent. The euro climbed to a three-week high of $1.4391, while the yen fell against all 16 major peers. Among 10-year bonds, Greece’s yield slid 39 basis points to 16.04 percent and the rate on the U.S. Treasuries dropped to 3.05 percent from 3.10 percent earlier. Colombia’s currency, bonds and stocks increased as Moody’s Investors Service raised the nation’s debt to investment grade.