U.S., European Stocks Surge Amid Optimism on Greece, Oil Rally

Story by Bloomberg
Written by Jeremy Herron

U.S. and European stocks rallied amid optimism Greece will reach a deal with creditors and as energy shares jumped with the price of crude. Government bonds fell, while the yen rose against all its major peers.

The Standard & Poor’s 500 Index climbed 1.2 percent at 11:28 a.m. in New York, the best gain in a month. The Stoxx Europe 600 Index surged 1.7 percent for its first rise in seven days. Germany’s 10-year bund yield topped 1 percent for the first time since September and Treasury 10-year rates hit October highs. Oil added 1.5 percent in New York, while emerging equities halted a 12-day slump.

Read more: http://www.bloomberg.com/news/articles/2015-06-09/oil-extends-jump-before-stockpiles-kiwi-bonds-fall-amid-selloff