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Europe Stocks Rise With Emerging Markets as Bonds Decline 

April 3, 2014
Joseph Ciolli and Callie Bost, Businessweek

The Standard & Poor’s 500 Index climbed to a record as consumer and technology shares rallied while Treasuries fell after manufacturing data boosted optimism in the economy. Emerging-market stocks rose and oil tumbled.

The S&P 500 increased 0.7 percent to a record 1,885.52 at 4 p.m. Yields on 10-year Treasury notes added four basis points to 2.76 percent. The Stoxx Europe 600 Index gained 0.6 percent. Emerging-market shares rose for an eighth day, for the longest rally in 15 months, with equities in Shanghai snapping a four-day decline. The euro strengthened more than 0.2 percent against the dollar. Commodities fell the most in three months as crude oil and natural gas tumbled.

Manufacturing in the U.S. expanded at a faster pace in March as gains in production and orders showed the industry was mending at the close of a winter-depressed first quarter. Growth in euro-area manufacturing stayed close to the highest level in almost three years in March. 

Read more: Businessweek


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