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 was nearing its highest close since 1991, amid a report that officials are considering ending the state of emergency early in 10 Japanese prefectures.

Treasury Secretary Yellen said on Sunday that talks show that the United States can return to employment in 2022 if it adopts a sufficiently robust aid package. Ten-year Treasury yields rose further to 1.2%. The US inflation rate driven by the bond market has advanced to its highest level since 2014, with rising crude oil prices.

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

Investors are comforted by the continued release of vaccines and data suggesting a declining trend in infections in countries such as the US 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. ”

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% as of 2:02 p.m. in Tokyo. The indicator rose 0.4% on Friday.
  • The Japanese Topix index rose 1.5%.
  • Hong Kong’s Hang Seng Index rose 0.6%.
  • The Kospi index in South Korea fell 0.4%.
  • The Australian S & P / ASX 200 index rose 0.8%.
  • The Shanghai Composite Index rose 1.1%.
  • Euro Stoxx 50 futures gained 0.8%.

Currency

  • The Bloomberg Dollar Spot index has risen.
  • The yen was at 105.50 per dollar, down 0.1%.
  • The offshore yuan was $ 6.4526, up 0.1%.
  • The euro bought USD 1.2037, down 0.1%.

Bonds

  • The 10-year Treasury yield increased to 1.19%.
  • The 10-year Australian yield advanced by more than six basis points to 1.26%.

Goods

  • West Texas Intermediate crude gained 1.1% to $ 57.47 a barrel.
  • Gold traded slightly at $ 1,811.56 an ounce.

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

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