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Stocks Rise as Trump Talks Asia Trade; Bonds Gain: Markets Wrap

  • Saudi anti-graft probe pushes oil to highest since June 2015
  • Commodities, precious metals climb with copper and gold
Bloomberg business news
BlackRock's Harrison Sees Oil Risks in Saudi Crackdown
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U.S. stocks climbed and bonds advanced, while the dollar slipped as President Donald Trump tried to tackle trade on his Asia tour. A crackdown on corruption in Saudi Arabia sent oil soaring to its highest price in more than two years.

Equities posted broad gains despite weakness in telephone shares following the collapse of merger talks between Sprint Corp. and T-Mobile U.S. Inc. Technology stocks rose as Broadcom Ltd. geared up for a hostile bid for Qualcomm Inc., in what would be the largest tech deal ever.