Stocks gain slightly, dollar rises against yen after BoJ decision

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By Sinéad Carew and Amanda Cooper

NEW YORK/LONDON (Reuters) -MSCI’S global equities index gained very slightly as investors digested a mixed crop of earnings reports and waited for key economic releases due later in the week while the yen fell after the Bank of Japan left monetary policy unchanged.

While the dollar index climbed to a six-week high, U.S. Treasury yields rose as investors waited for economic growth and inflation data for clues on when the Federal Reserve will decide to cut interest rates.

Oil prices on Tuesday handed back some of the previous day’s gains, as traders weighed production outages in the U.S. and tensions in the Middle East and Europe against rising crude supply in Libya and Norway.

The MSCI world equity index, which tracks shares in 49 nations, gained 0.14% after hitting its highest level since late December on Monday. The Dow Industrial Average was down while the Nasdaq rose slightly.

“It’s not surprising…

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