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The falling dollar provides an opportunity for foreign investors to buy stocks in U.S. rates to negotiate, draft and Michael Tsang Cimino.Investors Adria outside the U.S. are acquiring companies in the Standard & Poor's 500 Index of the lowest ratings on record, their purchasing power increased by a weaker dollar sept months. The S & P 500 is priced at 19.9 times earnings, the largest reduction of the MSCI World Index of 23 developed countries since May 2003, according to monthly data compiled by Bloomberg. For fund managers based in Europe, currency translations push the average cost per dollar of U.S. profits to a‚¬ 13.60, its lowest level ever in relation to global equities and lower as investors in America 's have ever enjoyed. Foreign investors hold about 2.5trn in U.S. stocks get a bigger share of American companies for every euro, yen and pound they spend just as S & P 500 companies from General Electric after PepsiCo increased sales abroad. While most losses in the dollar would reduce returns, the last time U.S. stocks were this cheap in 2003, the S & P 500 began a period of four years, 62% lead. "What you get is the opportunity to buy companies in the world who have become cheaper due to the dollar and more competitive," said Antony Gifford, a London-based analyst. "If you can buy secular global growth at a discount because it is listed in dollars, so why not you? "The S & P 500 climbed 4.5% to 1071.49 weeks past, the biggest increase since July. Industries Services of the United States rose in September after 11 months of contraction while Alcoa, the largest aluminum producer in the United States, reported an unexpected third quarter profit that jobs based in New York and the company cut costs raw materials faster than analysts expected. The S & P 500 added 0.4% to 1076.19 weeks last in New York, its highest level since October 2008. The MSCI World Index rose 0.5% while Europe's Dow Jones Stocks 600 Index rose 0.7% Philips Electronics has reported an unexpected profit in the third quarter. The dollar has fallen 11% against the euro and the yen and 7.4 % versus the pound in the last six months. The currency was boosted by the U.S. government and the Federal Reserve has lent or guaranteed spent $ 11.6trn and the Central Bank has kept interest rates near zero to combat the worst recession since the 1930s. The U.S. dollar index traded as low as 75.767 weeks latter, 6.7% above its record high of 70,698 in March 2008. The benefits for U.S. businesses declined by less than those of the MSCI World, helping to increase the valuation gap with the S & P 500. Santa Clara, Intel, Goldman Sachs, GE and 28 other S & P 500 are expected to report results this week. The MSCI World has jumped 66% since its March 9 companies reported an average decrease of 40% of its earnings in the second quarter. The S & P 500 rose seven percentage points less than its same companies posted lower profit was 11 points lower. The MSCI World was valued at 27.7 times earnings of its companies in September 1659, exceeding the S & P 500, the ratio of 7.75 points. It The cheapest at the reference gauge for U.S. stocks since May 2003 when the index began to recover from one to two of the market with a half-year reduced its value by 49%. The Foreign investors owned $ 2.47trn U.S. shares as of June 30, 2008, according to data from the U.S. Department of Treasury. This is equivalent to about 16% of the total value of U.S. stock market. The net foreign purchases U.S. shares rose $ 28.6bn in July from $ 19.1bn the previous month. Overall, the international demand for U.S. assets to long-term financial weakened in July as investors cut purchases of bonds. Officials in emerging economies like China and Russia have questioned the dollar's dominance in the global economy than the federal budget deficit has reached $ 1.4trn for the year ended September 30. For foreign investors to buy Stocks currencies appreciated against the dollar, stocks o.