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Dollar drops to two-year low; European stocks pare advance

Bloomberg The dollar dropped to a two-year low and US futures climbed after Chinese manufacturing data indicated that exports are underpinning a recovery. European stocks pared gains amid a retreat in travel shares. The euro led the charge against the greenback, hovering just below $1.20. Rolls-Royce Holdings Plc and Trainline Plc led losses in the Europe Stoxx 600 Index. The ...

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S African stocks rally with help from China data, weaker dollar

Bloomberg South Africa’s main stock index halts a two-day slump, rising 1.4% by 9:54 am in Johannesburg, as dollar weakness lifts the rand, driving locally focused stocks like insurers, financials and retailers Miners extend gains for a third day, rising as sustained demand from Chinese mills lifted iron ore prices, and as greenback weakness drives bullion back towards $2,000 an ...

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India stocks up as court OKs rescue plan for telcos

Bloomberg India stocks climbed after the nation’s top court approved a 10-year payment plan for telecom companies to clear combined back-fees worth $19 billion. The S&P BSE Sensex traded 1.3% higher at 12:46 pm in Mumbai, with the surge in Bharti Airtel Ltd. helping the gauge break out of a tentative start to the day. The NSE Nifty 50 Index ...

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