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

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Global stock markets stabilized after Monday’s losses, with investors feeling confident enough in the economic recovery and the launch of the vaccine to buy down risky assets.

The European Stoxx 600 index rose with energy stocks and significant gains for tourism companies. Commodity prices rose as the dollar stabilized, while Treasury benchmark yields rose. After Bitcoin suffered sharp declines on Monday, the largest cryptocurrency returned more than $ 36,000.

The mood in the markets has been slightly positive, and investors continue to assess how rising Treasury yields are changing the financial landscape. While progress on a vaccine offers reason to be hopeful, there are persistent concerns about the excess and speculative foam that have led stock markets to historic highs in the midst of a pandemic.

Rising treasury yields are starting to pull the dollar higher

“A new, more speculative, more volatile phase of the bull market has begun,” said Julian Emanuel, chief strategist of equities and derivatives at BTIG LLC. “The depth of such withdrawals in 2021 depends largely on yields.”

In Asia, China’s CIS 300 Index rose to a 13-year high, driven by rising financial stocks and securities. The yuan reached its highest level in 2018, compared to a basket of currencies of trading partners, with optimistic growth prospects.

Here are some key events that occur:

These are some of the main movements in the markets:

Inventories

  • The developments on the S&P 500 index increased by 0.1% starting with 8:28, London time.
  • The Stoxx Europe 600 index gained 0.2%.
  • The MSCI Asia Pacific Index rose 0.3%.
  • The MSCI Emerging Market Index rose 0.2%.

currencies

  • The Bloomberg Dollar Spot index fell 0.1% to 1,126.04.
  • The euro was slightly lower at $ 1.2158.
  • The pound rose 0.2% to $ 1.3547.
  • The Japanese yen strengthened 0.1% to $ 104.20.

BONDS

  • The 10-year Treasury yield increased by less than one basis point to 1.15%.
  • The two-year Treasury yield was unchanged at 0.14%.
  • Germany’s 10-year yield rose one basis point to -0.49%.
  • The 10-year yield of the United Kingdom rose by one basis point to 0.32%.

commodities

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

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