Today’s stock market: live updates from Dow, S&P for January 12, 2021

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Global stock markets stabilized after Monday’s losses, and investors felt confident enough of the economic recovery and the deployment of vaccines to buy the decline in some risky assets.

The European Stoxx 600 index rose with energy stocks and travel companies earning the first gains. Commodity prices rose as the dollar stabilized, while Treasury benchmark yields rose. After Bitcoin fell sharply on Monday, the largest cryptocurrency recovered above $ 36,000.

Market sentiment was slightly positive and investors continue to assess how rising Treasury yields are changing the financial landscape. While advances in the vaccine give reason to hope, there are lingering concerns about the speculative excess and foam that have led stock markets to historic highs amid a pandemic.

Rising Treasury yields are starting to drag the dollar higher

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

In Asia, China’s CSI 300 Index rose to 13-year highs, driven by an increase in financial and stock stocks. The yuan peaked in 2018 against a basket of currencies from trading partners with optimistic growth prospects.

Here are some key events:

These are some of the main movements in the markets:

Stocks

  • S&P 500 index futures rose 0.1% from 8:28 a.m. London time.
  • The Stoxx Europe 600 index gained 0.2%.
  • The MSCI Asia Pacific index rose 0.3%.
  • The MSCI Emerging Markets Index rose 0.2%.

Coins

  • The Spot Bloomberg Dollar index fell 0.1% to 1,126.04.
  • The euro changed little, to $ 1.2158.
  • The British pound rose 0.2% to $ 1.3547.
  • The Japanese yen was up 0.1% to $ 104.20.

Good

  • The ten-year Treasury yield rose less than one basis point to 1.15%.
  • The two-year Treasury yield remains unchanged at 0.14%.
  • Germany’s ten-year yield rose one basis point to -0.49%.
  • The UK’s ten-year yield rose one basis point to 0.32%.

Commodities

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

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