Stock market today: Dow, S&P Live Updates for January 25, 2021

Photographer: Nicolas Asfouri / AFP / Getty Images

Asian stocks, American and European stock futures soared on Monday, with investors focusing on the prospect of additional fiscal stimulus and support policy from the Federal Reserve amid the worsening pandemic. The dollar fell.

The shares outperformed South Korea and Hong Kong, although Japanese stocks have changed little. US futures pointed up, with Nasdaq 100 contracts leading the way ahead of a series of tech earnings reports this week. The S&P 500 crashed on Friday due to worrying virus trends. Treasury yields have increased.

The Hong Kong stock market was driven by an increase in the Tencent Holdings Ltd. The Internet giant has become a noble target for Mainland Chinese traders who are pouring record amounts of money into Hong Kong-listed actions this year.

Global stocks are close to record highs, as the expansive stimulus eases concerns over additional blocks of coronavirus and irregular vaccine launches, which led to a more difficult start for the world economy in 2021 than expected.

US lawmakers are arguing over President Joe Biden’s $ 1.9 trillion Covid-19 aid plan, but investors are still waiting for some additional spending to materialize. Traders are also hoping that Fed Chairman Jerome Powell will give assurances after Wednesday’s policy meeting that $ 120 billion in monthly bond purchases will not be reduced anytime soon.

“Investors see an open tap monetary policy and more fiscal stimulus,” said Marc Chandler, chief market strategist at Bannockburn Global Forex. “Together with the launch of the vaccine, it will generate a critical mass of more robust economic growth as the year progresses.”

Global coronavirus cases are approaching the 100 million mark, with the United States intensifying surveillance of virus variants to monitor their impact on inoculations. Mexican President Andres Manuel Lopez Obrador said in a tweet that he is infected with Covid-19.

Elsewhere, oil and gold have remained stable and Bitcoin has traded for around $ 33,000 after falling last week.

These are some important events that will take place next week:

• Microsoft Corp., Apple Inc., Tesla Inc., Facebook Inc., UBS Group AG and Samsung Electronics Co. is among the companies that report results.
• Chinese President Xi Jinping must will speak at the World Economic Forum’s “The Davos Agenda 2021” online event on Monday.
• The governor of the People’s Bank of China, Yi Gang, and the chief economist of the European Central Bank, Philip Lane, speak in a conference on Monday.
• Data on house prices in the US and consumer confidence arrive Tuesday.
• The Federal Open Market Committee’s monetary policy decision and President Jerome Powell’s briefing are scheduled for Wednesday.
• Fourth-quarter GDP, initial jobless claims and new home sales are among the data released in the U.S. on Thursday.
• Personal income, expenses and pending home sales in the US arrive Friday.

These are the main movements of the markets:

Stocks

• S&P 500 futures were up 0.4% from 2:36 pm in Tokyo. The S&P 500 fell 0.3% on Friday.
• Japan’s Topix index has changed little.
• South Korea’s Kospi index increased 2.1%.
• The Hang Seng index rose 1.9%.
• Australia’s S & P / ASX 200 index rose 0.4%.
• Shanghai Composite added 0.6%.
• Euro Stoxx 50 futures were up 0.3%.

Coins

• The Bloomberg Dollar Spot Index fell 0.2%.
• The yen was at 103.69 per dollar, up 0.1%.
• The offshore yuan was up 0.2% to 6.4838 per dollar.
• The euro was at $ 1.2181.
• The pound sterling added 0.2% to $ 1.3714.

Titles

• The yield on 10-year Treasury bonds was 1.09%.

Commodities

• West Texas Intermediate crude was stable at $ 52.29 a barrel.
• Gold has barely changed at $ 1,855 an ounce.

– With the help of Joanna Ossinger