Bloomberg
Eddie Van Der Walt and Jeremy Herron
U.S. stocks pared gains as an advance in global equities faltered, while the dollar slumped to a nine-month low on speculation the Federal Reserve won’t raise interest rates anytime soon. Crude traded near a four-month high.
The Standard & Poor’s 500 Index trimmed a 0.8 percent gain by three-quarters as as Alcoa Inc. gets set to start what’s forecast to be the worst earnings season since the financial crisis. The Stoxx Europe 600 Index was little changed. Emerging-market shares rose on data showing China’s producer prices increased month-on-month for the first time since 2013. The Bloomberg Dollar Spot Index extended losses, while Treasuries pared a slide.
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