Today’s stock market: Dow, S&P Live updates for December 23, 2020

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European action rose after trade and transport ties between Britain and its neighbors appeared ready to resume, and Brexit negotiators gave a final push for a deal.

The Stoxx 600 index rose when France agreed to end a suspension that paralyzed Britain’s busiest port after a new variant of the virus triggered more severe blockages. The pound advanced as the EU’s chief negotiator for Brexit told the two the parties were ready to make “one last push.” Most Asian stocks went up.

US futures rose more with equities, reversing a decline of up to 0.7% after President Donald Trump attacked the coronavirus rescue bill. The president is asking lawmakers to step up stimulus controls that will go to most Americans at $ 2,000 from $ 600 just a day after Congress passed the $ 900 billion bipartisan package.

The dollar fell and Treasury yields were steady.

Asian equities are close to gaining US as the world's top stock market this year

The president’s remarks have the potential to upset markets, as investors weigh in how long it will take for the spending package to become law and the money to be distributed to Americans. House Speaker Nancy Pelosi called on Trump to call for more individual stimulus checks and said the House would try to take the additional measure during a pro forma session on Thursday.

“For now, the markets seem to be holding down until the situation clears up,” said Jeffrey Halley, senior market analyst for Asia Pacific in Oanda.

Elsewhere, gold rose as oil retreated.

President Donald Trump posted a video via Twitter asking Congress to amend the Covid aid bill, saying it contains unnecessary elements.

Here are some key events that occur:

  • The EIA crude oil inventory report is set to be released on Wednesday.
  • US unemployment claims, durable goods, personal income data come on Wednesday.
  • Bond and stock trading in the US and markets in other parts of the world will close early Thursday for the Christmas holidays. Most global markets are closed on Friday.

Here are the main movements in the markets:

Inventories

  • The developments on the S&P 500 index increased by 0.2% starting with 8:18, London time.
  • The Stoxx Europe 600 index rose 0.5%.
  • The MSCI Asia Pacific Index rose 0.7%.
  • The MSCI Emerging Market Index gained 0.6%.

currencies

  • The Bloomberg Dollar Spot index fell 0.3%.
  • The euro rose 0.1% to $ 1.2179.
  • The pound rose 0.4% to $ 1.3419.
  • The land yuan strengthened by 0.1% to $ 6.537.
  • The Japanese yen strengthened 0.2% to 103.46 per dollar.

BONDS

  • The 10-year Treasury yield fell by less than one basis point to 0.91%.
  • The two-year Treasury yield gained less than one basis point, to 0.12%.
  • Germany’s 10-year yield fell one basis point to -0.60%.
  • The British 10-year yield fell by less than one basis point to 0.179%.
  • Japan’s 10-year yield advanced by less than one basis point to 0.012%.

commodities

  • West Texas Intermediate Oil fell 0.7 percent to $ 46.70 a barrel.
  • Crude oil fell 0.6 percent to $ 49.77 a barrel.
  • Gold strengthened 0.4% to $ 1,868.85 an ounce.

– With the assistance of Moxy Ying and Ishika Mookerjee

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