Europe stocks, commodities rise with U.S. shares little changed

Barclays CEO Bob Diamond resigns amid pressure

Microsoft

U.S. stocks were little changed after two days of gains in the S&P 500. Microsoft Corp. dropped in pre-market trading as the world’s largest software company said it will write down $6.2 billion of the amount it paid for AQuantive Inc., the Internet-advertising company it bought in 2007. MModal Inc. rose after the provider of medical document processing technology agreed to be bought by a JPMorgan Chase & Co. unit for about $1.1 billion.

Germany’s 10-year bund yield was little changed at 1.52 percent, while yields on 10-year Treasuries increased one basis point to 1.59 percent.

The yen weakened 0.3 percent against the euro and 0.4 percent versus the dollar. Australia’s dollar appreciated 0.5 percent versus the yen after data showed building approvals surged by a record and the central bank left interest rates unchanged.

The S&P GSCI gauge of 24 commodities climbed 2.7 percent to the highest since May. Oil rose to $87.05 a barrel, corn gained 1.6 percent and copper jumped 2.2 percent. Aluminum advanced 2.6 percent after Goldman Sachs Group Inc. said the metal is “attractive at these levels.”

Emerging Markets

The MSCI Emerging Markets Index advanced 1.4 percent, bound for the highest close since May 11. The Hang Seng China Enterprises Index added 1.4 percent as trading resumed after a yesterday’s holiday. Cutting reserve requirements may become the top choice for the People’s Bank of China to increase liquidity, according to the China Securities Journal, which is published by the official Xinhua News Agency.

Russia’s Micex Index advanced 2.1 percent. Turkey’s ISE National 100 Index jumped 1 percent after the inflation rate rose less than analysts estimated.

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