April 2 (Bloomberg) -- Stocks rallied around the world, oil and metals rose and the yen dropped as Group of 20 leaders met to discuss stimulus plans amid mounting evidence the worst of the global recession may be over.
Europe’s Dow Jones Stoxx 600 Index advanced 3.2 percent and futures on the Standard & Poor’s 500 Index climbed 1.8 percent. The MSCI Asia Pacific Index rallied 4.7 percent, the biggest gain this year, and Hong Kong’s Hang Seng Index surged 7.4 percent to erase its 2009 loss. Crude added 3.6 percent to $50.13 a barrel in New York and copper gained for a third day, leading industrial metals higher with a 1.5 percent advance on the London Metals Exchange.
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