Global Markets Await Central Bank Rate Decisions

Stocks rose as traders prepared for a week packed with interest-rate decisions from major central banks. A spurt of dealmaking news boosted sentiment in the equities market. Novartis AG agreed to buy Chinook Therapeutics Inc. for as much as $3.5 billion to add two promising treatments for a rare kidney disease. Teck Resources Ltd. said it’s engaging with Glencore Plc’s offer to buy its steelmaking coal business for cash. The European Central Bank is projected to lift its benchmark rate Thursday and the Bank of Japan is expected to stand pat on Friday.