Yen Gains After Japanese Aftershock; S&P 500 Rises as Commodities Decline

Bloomberg reports that the yen strengthened and European stocks fell from a one-month high after an earthquake hit Japan.

The market news is quoted as saying,

The U.S. Geological Survey said the 6.6-magnitude quake hit Japan’s Tohoku region, southwest of Iwaki, the latest aftershock to strike the country following the March 11 disaster that killed more than 27,300 and caused radiation leaks at the Fukushima Dai-Ichi nuclear plant. Alcoa, the largest U.S. aluminum producer, may say first-quarter profit tripled on higher metals prices, analysts said in a Bloomberg survey before the company announces results today, unofficially marking the start of the earnings season.

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