U.S. stocks rose on Monday as a weak dollar and expectations of the economic stimulus from the Federal Reserve prompted investors to buy risky assets.
Continued to decline in the dollar after a meeting at the weekend in the G-20 stopped short of setting targets to reduce trade imbalances. And expectations of the Fed printing money to buy the assets to stimulate growth and the weak dollar, which in turn has raised the prices of basic commodities.
Advanced Freeport – McMoRan Copper and Gold Inc. (FCX.N) 2.1 percent, to $ 96.06, while oil refining company Holly (HOC.N) rose 3.2 percent to $ 33.29. Index Standard & Poor’s materials sector (. GSPM) 2 percent.
Has developed stocks and the dollar and a strong inverse relationship, so come and the dollar under pressure, and enhanced stocks. Since the beginning of September, the index of Standard & Poor’s about 13 percent.
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