Stock Market Today: Dow, S&P Live Updates for December 23, 2020

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European stocks soared after trade and transport links between the UK and its neighbors seemed to resume and Brexit negotiators made a last-ditch effort to strike a deal.

The Stoxx 600 Index surged as France agreed to lift a suspension that paralyzed Britain’s busiest port after a new virus variant triggered more severe lockdowns. The pound moved as the EU’s chief negotiator for Brexit said to the two sides were ready to “make a final push”. Most Asian stocks climbed.

US stock futures rallied higher with stocks, reversing a whopping 0.7% decline after President Donald Trump attacked the bill coronavirus. The president is demanding that lawmakers increase stimulus checks that go out for most Americans from $ 600 to $ 2,000 just a day after Congress passed the $ 900 billion bipartisan package.

The dollar fell and government bond yields remained stable.

Asian stocks are close to beating the US as the largest stock market in the world this year

The president’s comments have the potential to spark new jitters in the markets as investors weigh how long it will take for the spending package to become legal and the money to be distributed among Americans. House Speaker Nancy Pelosi took up Trump’s call for greater individual stimulus controls, saying the House would try to implement this additional measure during a pro forma session on Thursday.

“For now, markets seem to be holding off on the sell button until the situation is clearer,” said Jeffrey Halley, senior Asia Pacific market analyst at Oanda.

Elsewhere, gold was climbing as crude oil retreated.

President Donald Trump has published a video via Twitter asking Congress to change the Covid bill, saying it contains unnecessary elements.

Here are some important events coming up:

  • The EIA crude oil inventory report is due on Wednesday.
  • U.S. unemployment claims, durable goods, and personal income data come Wednesday.
  • US bond and stock trading and markets in other parts of the world close early Thursday for the Christmas holidays. Most world markets are closed on Friday.

These are the main movements in markets:

Shares

  • Futures on the S&P 500 Index were up 0.2% as of 8:18 AM 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 is up 0.1% to $ 1.2179.
  • The British pound jumped 0.4% to $ 1.3419.
  • The onshore yuan strengthened 0.1% to $ 6.537 per dollar.
  • The Japanese yen strengthened 0.2% to 103.46 per dollar.

Bonds

  • The yield on 10-year Treasury bonds fell by less than one basis point to 0.91%.
  • The yield on two-year government bonds rose by less than one basis point to 0.12%.
  • The German 10-year yield decreased by one basis point to -0.60%.
  • The UK 10-year yield fell less than one basis point to 0.179%.
  • The Japanese 10-year yield rose by less than one basis point to 0.012%.

Raw materials

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

– With the help of Moxy Ying and Ishika Mookerjee

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