Stocks Rise With Copper on China Loans; Italy Bonds Gain
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Stocks rose, with a global benchmark index extending its longest rally since 2010, and copper gained after record lending in China boosted prospects for growth in Asia’s largest economy. Italian bonds climbed while gold and silver advanced along with natural gas.
The MSCI All-Country World Index rose a ninth day, adding 0.3 percent by 4:17 p.m. in New York. Standard & Poor’s 500 Index futures climbed 0.1 percent, with U.S. markets shut for Presidents’ Day. Copper increased 0.3 percent in London while gold and silver jumped at least 0.8 percent. Natural gas reached a nine-day high. Italy’s 10-year yield fell to an eight-year low as Matteo Renzi was picked to form a government.