US mkts rally 2% after G-20 and Geithner comments

China raised gasoline, diesel and jet fuel prices by 8%, airlines to resume fuel surcharges on domestic flights.

South Korean banks' ratio of nonperforming loans to total debt dropped to 1.48% in September from 1.51%.

Commodities

Reuters CRB Index gained 1.7%.

Crude oil was up 2.6% at $79.43/bbl.

Gold ended up 0.5% at $1101.4/ounce, after hitting new all-time high of $1111.7/ounce during the day.

Copper was up 1% at $6540 onne and Aluminum was at 1 week highs.

Baltic Dry Index was up 2.5%.

Currencies

Dollar Index was down nearly 1% and went back to 2009 lows.

USD was down 45 bps versus Euro at 1.4979.

Yen appreciated 22 bps versus USD at 90.

US data to watch

Obama in Asia, Geithner in Japan