* U.S. jobless claims, trade data lift stocks,
* Yen edges near 15-year high against dollar
* Safe-haven Treasuries fall after data
(Updates with U.S. closing prices, Nikkei futures)
By Manuela Badawy
NEW YORK, Sept 9 (Reuters) - Stocks rose and bonds fell on
Thursday after stronger-than-expected U.S. data on jobless
benefits and trade, raising hopes the tepid economic recovery
would accelerate.
However, indexes came off their highs as oil prices turned
negative and a report said Deutsche Bank <DBKGn.DE> <DB.N> was
weighing a share sale of up to $11.4 billion.
The yen edged near to a 15-year high against the dollar as
investors bet Japanese authorities are not yet ready to curb
the currency's strength.
New U.S. claims for unemployment insurance fell more than
expected last week to their lowest level in two months and the
U.S. trade deficit narrowed more than forecast in July as
exports shot to the highest level since August 2008, painting a
rosier picture for economic growth. For details,
see[].
Fears of a double-dip recession have kept investors at bay,
leaving them poorly positioned with the most recent economic
data topping expectations, said Nick Kalivas, senior equity
index analyst at MF Global in Chicago.
"The economic numbers in the last week or so have been able
to beat expectations, so that's providing some confidence that
the third quarter will finish firm."
The Dow Jones industrial average <> rose 28.23 points,
or 0.27 percent, to 10,415.24. The Standard & Poor's 500 Index
<.SPX> gained 5.31 points, or 0.48 percent, at 1,104.18. The
Nasdaq Composite Index <> rose 7.33 points, or 0.33
percent, to 2,236.20.
Concerns about the European banking sector have weighed on
investors this week, with new capital rules being discussed.
[]
"We might have a little bit of risk aversion going on since
those Deutsche Bank headlines came out about the capital
raise," said David Lutz, managing director of trading at Stifel
Nicolaus Capital Markets in Baltimore.
He said there seemed to be some confusion as to whether the
German bank was raising money to cover sovereign debt exposure
or increase its stake in Deutsche Postbank <DPBGn.DE>.
Capping gains in the Dow industrials, McDonald's Corp
<MCD.N>, the world's largest hamburger chain, dropped 2.7
percent to $74.03 after it reported weaker-than-expected August
sales in Europe. []
Japanese Finance Minister Yoshihiko Noda said the ministry
was conducting simulations on forex intervention. But the
Japanese currency hardly budged as the perception remained that
Tokyo is unlikely to intervene until the U.S. currency falls
near 80 yen.
Noda's comments were also undermined somewhat when Bank of
Japan Governor Masaaki Shirakawa said he did not talk about
currencies and monetary policy at a government meeting.
[]
The dollar was flat at 83.81 yen <JPY=>, within sight of
the 15-year low of 83.34 yen hit on trading platform EBS
<JPY=EBS> on Wednesday. The low using Reuters data was 83.32
yen. The dollar is down 9.9 percent against the Japanese
currency this year, which is buoyant on global growth
concerns.
The euro is near a nine-year low against the yen hit in
late August. The low on Reuters data was 105.41 yen <EURJPY=>.
The single currency was down 0.11 percent at $1.2706
against the dollar <EUR=> as concerns about the health of the
European banking sector and sovereign debt issues persisted.
STOCKS UP, BONDS DOWN
The December futures contract that trades in Chicago for
the Nikkei 225 stock index <0#NK:> was up 30 points at 9,140.
The FTSEurofirst 300 <> index of top European shares
finished 1 percent higher at 1,082.26 points after touching
1,083.46, the highest since late April, supported by U.S.
macroeconomic numbers.
World stocks measured by MSCI All-Country World Index
<.MIWD00000PUS> rose 0.58 percent.
Oil <CLc1> prices fell back to around $74 a barrel as
investors shrugged off a government oil inventory report that
showed crude stocks unexpectedly fell last week.
Spot gold prices <XAU=> fell $11.00, or 0.88 percent, to
$1243.70.
U.S government bonds fell on better-than-expected U.S.
economic data, boosting riskier assets and hurting demand for a
U.S auction of 30-year debt.
The benchmark 10-year U.S. Treasury note <US10YT=RR> was
down 28/32, its yield at 2.7533 percent. The 2-year U.S.
Treasury note <US2YT=RR> was down 3/32, the yield at 0.5625
percent. The 30-year U.S. Treasury bond <US30YT=RR> was down
62/32, yielding 3.8343 percent versus Wednesday's close of 3.74
percent.
(Additional reporting by Leah Schnurr in New York, Editing
by Dan Grebler)
