Stocks up, rates and dollar down on Summers news.

Global equities were mostly higher at the time of writing following Larry Summers' exit from consideration as the next Fed chief, although the dollar index was -0.4% and 10-year Treasury yields were -0.8 bps to 2.81%. "Clearly the dollar doesn't like the idea it could be Yellen at the helm because of the interpretation that QE (stimulus) could be in place for longer," said Rabobank currency strategist Jane Foley. Gold was +0.45%, but oil was -1.3%, possibly hurt by the increasing prospects of a diplomatic solution to the Syrian crisis.