Stock Market Today: Dow, S&P Live Updates for January 12, 2021

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Global stock markets stabilized after Monday’s losses, with investors feeling confident in the economic recovery and vaccine rollout to buy up the dip in some risky assets.

The European Stoxx 600 Index rose slightly with energy stocks and leading travel company earnings. Commodity prices rose as the dollar stabilized, while government bond yields rose. After Bitcoin fell sharply on Monday, the largest cryptocurrency bounced back above $ 36,000.

The mood in the markets has been slightly positive and investors continue to assess how the rise in government bond yields is changing the financial landscape. While the progress of a vaccine is hopeful, there are ongoing concerns about the speculative surplus and scum that has propelled stock markets to record highs in the midst of a pandemic.

Rising government bond yields are starting to pull the dollar up

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

In Asia, the Chinese CSI 300 index rebounded to a 13-year high, driven by a surge in financial and securities stocks. The yuan hit its highest level since 2018 against a basket of trading partner currencies with positive growth prospects.

Here are some important events coming up:

These are some of the main movements in markets:

Shares

  • Futures on the S&P 500 Index were up 0.1% from 8:28 am London time.
  • The Stoxx Europe 600 Index gained 0.2%.
  • The MSCI Asia Pacific Index climbed 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 had changed little at $ 1.2158.
  • The British pound climbed 0.2% to $ 1.3547.
  • The Japanese yen is up 0.1% to 104.20 per dollar.

Bonds

  • The yield on 10-year government bonds rose by less than one basis point to 1.15%.
  • The yield on two-year government bonds remained unchanged at 0.14%.
  • The German 10-year yield increased by one basis point to -0.49%.
  • The British 10-year yield rose by one basis point to 0.32%.

Raw materials

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

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