Stock exchange today: live updates Dow, S&P for February 8, 2021

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Global stocks hit another record, and Treasury yields rose after Janet Yellen lobbied for rapid US stimulus and coronavirus infections slowed around the globe. The dollar stabilized after slipping on Friday.

US and European futures advanced after the S&P 500 closed at a record high on Friday. Most Asian stocks went up. Japan’s Topix Index jumped the most in more than two months to close the highest level since 1991, amid reports that the government could lift the state of emergency earlier for some areas.

Secretary of the Yellen Treasury said on Sunday that talks show that the US can return to full employment in 2022 if it adopts a sufficiently robust aid package. Ten-year Treasury yields rose further to 1.2%. US rhythm bond market inflation has risen to its highest level since 2014, with rising crude oil prices. Brent oil rose for more than $ 60 a barrel for the first time in a year.

Global stocks hit new record as risk aversion drops to pre-pandemic lows

Investors feel comforted by the continued launch of vaccines and the data that suggest a declining trend of infections in countries such as the USA and Germany. A Citigroup Inc. indicator of global risk aversion fell to its lowest level since the first pandemic in the markets last year.

While US job data, weaker than forecast on Friday, strengthened the fragility of the recovery as the pandemic persists, it also highlighted the argument for further stimulus.

“The sense of risk has brightened as anticipation of the US stimulus package grows,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management Co. to strengthen the US economy. ”

Shaun Roache, chief economist for Asia-Pacific at S&P Global Ratings, discusses the outlook for the region’s economies amid the coronavirus pandemic.

Here are some key events that occur:

  • The earnings season continues with companies such as Honda Motor, SoftBank Group, Cisco Systems, Commonwealth Bank of Australia, Societe Generale, Commerzbank and L’Oreal.
  • The EIA report on crude oil inventory comes on Wednesday.
  • Sweden will set monetary policy on Wednesday.
  • Federal Reserve Chairman Jerome Powell will speak at an online seminar on Wednesday.
  • The US consumer price index comes on Wednesday.
  • The public holidays of the Lunar New Year begin in Asian countries, and China will break for a week.
  • The political decision of the Bank of Russia comes on Friday.

These are the main movements in the markets

Inventories

  • The S&P 500 futures added 0.4% starting at 6 a.m. in London. The indicator rose 0.4% on Friday.
  • The Japanese Topix index rose 1.8%.
  • Hong Kong’s Hang Seng Index rose 0.3%.
  • The Kospi index in South Korea fell 0.6%.
  • The Australian S & P / ASX 200 index rose 0.6%.
  • The Shanghai Composite Index rose 0.9%.
  • Euro Stoxx 50 futures gained 0.7%.

Currency

  • The Bloomberg Dollar Spot index has risen.
  • The yen was at 105.50 per dollar, down 0.1%.
  • The offshore yuan was 6.4504 per dollar, up 0.1%.
  • The euro bought USD 1.2038, down 0.1%.

Bonds

  • The 10-year Treasury yield increased to 1.18%.
  • The 10-year Australian yield advanced by more than seven basis points to 1.27%.

Goods

  • West Texas Intermediate crude oil gained 1% to $ 57.42 a barrel.
  • Gold traded slightly at $ 1,813.64 an ounce.

– With the assistance of Sophie Caronello, Joanna Ossinger and Cormac Mullen

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