The dollar strengthened to a 14-month high and commodities declined to the lowest level in five years after data added to evidence China’s economy is slowing. Russia’s ruble weakened to a record after the European Union and U.S. imposed new economic sanctions.
U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding following its longest losing streak of the year, and commodities advanced after jobless claims unexpectedly decreased. Treasuries fell.
Stocks fell, trimming a 12th consecutive monthly gain in Europe, amid concern the Federal Reserve will pare debt purchases as the economy recovers. Commodities slid as the International Monetary Fund cut China’s growth forecast.