Shares gain on stimulus hopes; Spain caps rise

Stocks edged higher around the world on Tuesday, with U.S. markets in particular buoyed by end-of-quarter buying by funds and a higher-than-expected reading of confidence among American consumers.

However, lingering concerns over Spain's funding problems and renewed worries about global growth limited gains.

U.S. stocks rose at the open after comments late on Monday from the president of the San Francisco Fed suggested the central bank was not done taking action to stimulate the economy.

But a pessimistic outlook from Caterpillar (CAT.N: Quote) capped gains and some investors cautioned the advance may be due to window-dressing for the end of the quarter. .N

U.S. stocks were supported by a private sector report showing U.S. consumer confidence jumped to its highest level in seven months in September as Americans were more optimistic about the job market and income prospects.

Read Full Article from Reuters Canada

- Posted: 2012-09-25 14:18:02

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