Stocks and the euro gained for the first time in four days after European Central Bank President Jean-Claude Trichet signalled that leaders may step up their response to the debt crisis and China’s manufacturing expanded. US index futures advanced and commodities rallied.
Trichet told lawmakers yesterday that he didn’t believe that financial stability in the euro zone “could really be called into question,” stoking speculation policy makers meeting tomorrow may indicate their willingness to curb the spread of the region’s debt crisis. Reports today may show US industrial production and company payrolls grew.