Energy companies led gains, with Exxon Mobil Corp. and Chevron Corp. each rising 2.4 percent. LinkedIn Corp. soared 13 percent after third-quarter sales exceeded estimates. GoPro Inc. jumped 13 percent after its prediction for fourth-quarter profit surpassed analysts’ projections.
Japan has long spoken about the need to address the nation’s aging population and offer better returns to meet growing pension pay-outs. It is finally addressing the problem, and the yen is falling accordingly.
The dollar strengthened to a seven-month high against the yen and government bonds fell before data that analysts forecast will show expansion in U.S. manufacturing. Commodities tumbled as oil and gold sank.
Price swings in the dollar against the yen measured by options fell to a record as signs of an uneven U.S. economic recovery fueled bets the Federal Reserve will keep borrowing costs at unprecedented lows.
Regulators are examining evidence that a small group of senior forex traders at big banks had something else on their screens: Details of each other’s client orders. Sharing that information may have helped dealers at firms manipulate prices to maximize their own profits.