Economics
U.S. Stocks Rally as Dollar Gains, Treasuries Slip: Markets Wrap
- Sterling falls after face of Brexit quits U.K. government
- Lira slides after Erdogan appoints son-in-law finance minister
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U.S. equities rose to the highest in almost a month as investors set aside concern about escalating trade tensions and rising political tension abroad to focus on the coming earnings season. The dollar gained versus major peers and Treasuries retreated.
The S&P 500 Index climbed for a third day and the Dow Jones Industrial Average popped through key technical levels. Miners and energy producers took the Stoxx Europe 600 Index to a fifth consecutive advance, the longest winning streak since March. The MSCI Asia Pacific Index jumped the most in a month.