Stocks, commodities rally on China’s data beat: Markets wrap

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Stocks, commodities rally on China’s data beat: Markets wrap
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Spot gold rose 0.3% to $1 916.21 an ounce.

Stocks in Europe climbed and commodities rallied after better-than-expected economic data in China fueled hopes the nation’s stimulus measures are paying off. The euro headed for a record run of weekly declines.

Traders’ attention now turns to the Federal Reserve’s rates meeting next week. The dollar fell versus most major peers, with the Bloomberg dollar index set to snap eight weeks of gains, and Treasury yields climbed.

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