Chinese Stocks in Hong Kong Surge Most Since 2007; Dollar Climbs

The dollar rose to a three-week high amid speculation U.S. interest rates will be increased this year. European stocks climbed to a record and American equities advanced with oil, while Treasuries fell after a bond auction.

The Bloomberg Dollar Spot Index added 0.8 percent by 5:12 p.m. in New York, to the highest level since March 19. The Stoxx Europe 600 Index rallied 1.1 percent to an all-time high, and Chinese shares in Hong Kong climbed to the highest level in more than four years. The Standard & Poor’s 500 Index rose 0.5 percent, above its 50-day average price as U.S. crude increased