Stocks, Commodities, Euro Advance on Economy, Spanish Auction

Stocks rose, sending the Dow Jones Industrial Average to the highest since July, while commodities and the euro climbed as reports bolstered optimism in the U.S. and German economies and Spain’s borrowing costs decreased.

The Dow added 60.01 points, or 0.5 percent, to close at 12,482.07 at 4 p.m. in New York and the Standard & Poor’s 500 Index increased 0.4 percent to 1,293.67. The MSCI All-Country World Index gained 0.9 percent after the Shanghai Composite Index rose 4.2 percent, its biggest gain since 2009, as China’s economic growth topped estimates without dimming prospects for monetary easing. Copper closed at the highest price since October. The euro rose 0.5 percent to $1.2735 and Spain’s two-year note yield fell three basis points to 2.97 percent.