Stocks rose and commodity prices snapped a two-day retreat as Ireland

Stocks rose and commodity prices snapped a two-day retreat as Ireland came to a bailout led by the European Union and data on jobless claims and manufacturing reinforced optimism the U.S. economy . General Motors Co. joined the return to the stock market.

The MSCI World Index rose 1.7 percent at 11:27 am in New York and 500 from Standard & Poor's raised the same amount. The euro rose 0.4 percent against the dollar. The costs to secure the bonds of Ireland sank default. A drop in Treasuries sent the 10-year note yield up to six basis points to 2.94 percent. Silver rose 5 percent and 1.5 percent of oil added.

The shares are recovering from a loss that erased more than $ 2 billion global equities since the beginning of last week. Irish Finance Minister Brian Lenihan said the government may accept assistance from the EU and the International Monetary Fund. Fewer workers than expected applied for U.S. jobless benefits, while the Philadelphia-area manufacturing beat estimates and GM raised $ 20 billion in an initial public offering.

"The euro zone will not be a failure, a disaster, a contagion," said Hank Smith, chief investment officer at Haverford Trust Co., which manages about $ 6.5 billion in Radnor, Pennsylvania. "In the U.S., any improvement in the jobs picture will be very well received by the market. In addition, there was great demand for IPOs of GM, which is a good reflection of market capital are in better shape. "

OPI GM

The S & P 500 rose for the second day, recovering from a low almost a month rose to 16 November. GM, which was in bankruptcy last year after nearly a century in the New York Stock Exchange, rose to 9.1 percent, since traded again. Alcoa Inc., Caterpillar Inc. and American Express Co. led the Dow Jones Industrial Average up 191.59 points, or 1.7 percent, to 11,199.47 for its biggest gain since November 4.

Applications for unemployment insurance payments increased in 2000 to 439,000 in the week ended Nov. 13, the Labor Department figures showed. Claims are expected to increase to 441,000, according to the median estimate of economists surveyed by us. The total number of people receiving unemployment insurance fell to its lowest level in two years, while receiving extended payment went up.

Manufacturing in the Philadelphia region expanded in November at the highest level this year. Fed Bank of Philadelphia's general economic index rose to 22.5 from 1 the previous month. Readings greater than zero signal expansion. The meter is forecast to increase to ५.
Another report from the Conference Board showed an index of leading indicators rose for a fourth month.

Europe

The Stoxx Europe 600 index rose 1.5 percent over eight companies rose for every one that fell. Banco Santander SA, Spain's biggest lender, rose 1.4 percent. Rio Tinto Group, the world's third largest mining, rose 3 percent.

Air France-KLM, Europe's biggest airline, rose 5.3 percent after raising its profit forecast. Royal Boskalis Westminster NV rose 10 percent as the world's largest dredging company raised its earnings forecast. SABMiller Plc, the maker of Miller High Life, Grolsch and Peroni, gained 5.1 percent to a record after reporting results that beat analysts' estimates.

The MSCI Asia Pacific Index added 1.4 percent, cutting four days of losses. CNOOC Ltd., China's largest producer of offshore oil, rose 4.9 percent in Hong Kong. David Jones Ltd., the second operator of Australia's largest department store, rose 4 percent after it reaffirmed its profit guidance. Showa Denko KK, which makes ceramics and electronic materials, rose 6.3 percent after UBS AG recommended buying shares.

"Tens of thousands of millions"

The extra yield, or spread, investors demand to hold the values of 10 years Irish Landmark German bonds fell 13 basis points to 541 basis points. The credit-default swaps of Ireland's obligations sank 21.5 points to 502.5, according to CMA. subordinated notes Allied Irish Banks Plc fell on speculation of a bailout to impose losses on bondholders.

Ireland is likely to seek a bailout from the EU and the IMF amounting to "tens of billions" of euros to rescue battered banks, central bank Governor Patrick Honohan told Irish state broadcaster RTE today.

Greek dissemination 10 years on the docks fell 16 basis points to 889 basis points, or 8.89 percentage points. Spanish bonds fell, with the yield on the 10 years up six basis points to 4.68 percent as the government sold € 3,650,000,000 ($ 5 billion), 10 - and 30-year bonds.

Treasury Bonds

The yield on the seven-year Treasury rose eight basis points to 2.22 percent. The Treasury said it will sell 35 billion U.S. dollars of bonds to two years and $ 35 billion in debt for five years and $ 29 billion worth of seven years for three days from November 22, coincides with the results of a Bloomberg News survey of primary dealers. The total of 99 billion U.S. dollars has not changed since the amount of the October sales of securities. President Barack Obama has increased the U.S. debt trade to a record $ 8,540,000,000,000.

The euro strengthened to $ 1.3587 and gained 1.1 percent to 113.73 yen. The Japanese currency weakened against the 16 most-traded counterparts, while the dollar depreciated against all but two.

The S & P GSCI index of 24 commodities rose 1.7 percent, the first increase in three days and the highest since Nov. 4. Sugar, nickel and silver rose by at least 3.5 percent. Crude oil jumped to $ 81.64 a barrel was the first increase in a week.

The MSCI Emerging Markets Index advanced for the first time in seven days, rising 1.6 percent. currencies strengthened national development, led by an increase of 1.3 percent in the Malaysian ringgit against the dollar ....