Stock market today: live updates from Dow, S&P for January 12, 2021

Stock market today: live updates from Dow, S&P for January 12, 2021

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Global equity markets stabilized after Monday’s losses, with investors feeling confident enough about the economic recovery and the vaccine launch to buy the drop in some risky assets.

Europe’s Stoxx 600 index rose with energy stocks and travel companies leading gains. Commodity prices rose with the dollar stabilizing, while the yields of the Treasury of reference rose. After Bitcoin fell sharply on Monday, the largest cryptocurrency rebounded above $ 36,000.

The climate in all markets was slightly positive and investors continue to assess how the increase in Treasury yields changes the financial landscape. While progress on a vaccine gives reason for hope, there are lingering concerns about speculative overrun and foam that has taken stock markets to historic levels in the midst of a pandemic.

The increase in Treasury yields begins to drag the dollar upwards

“A new, more speculative and more volatile phase of the bull market has started,” said Julian Emanuel, chief strategist for equities and derivatives at BTIG LLC. “The depth of any setback in 2021 depends largely on earnings.”

In Asia, China’s CSI 300 index hit its 13-year high, driven by an increase in financial and bond stocks. The yuan reached its highest value since 2018 against a basket of currencies from trading partners with optimistic growth prospects.

Here are some important events to come:

These are some of the main movements in the markets:

Stocks

  • Futures on the S&P 500 index increased 0.1% as of 8:28 am, London time.
  • The Stoxx Europe 600 Index gained 0.2%.
  • The MSCI Asia Pacific index rose 0.3%.
  • The MSCI Emerging Market Index was up 0.2%.

Coins

  • The Bloomberg Dollar Spot Index decreased 0.1% to 1,126.04.
  • The euro changed little by $ 1.2158.
  • The pound sterling rose 0.2% to $ 1.3547.
  • The Japanese yen strengthened 0.1%, to 104.20 per dollar.

Titles

  • Yield on 10-year Treasury bills increased less than a basis point to 1.15%.
  • The yield on two-year Treasury bills remained unchanged at 0.14%.
  • Germany’s 10-year yield rose a basis point to -0.49%.
  • Britain’s 10-year yield rose a basis point to 0.32%.

Commodities

  • West Texas Intermediate crude gained 0.8% to $ 52.60 a barrel.
  • Gold appreciated 0.7% to $ 1,857.30 an ounce.

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