Shares rose Thursday with U.S. futures as investors waited for key economic data and assessed earnings reports. Treasury yields fell.
European stocks rose as electricity company ABB Ltd. it increased its income orientation and a rise in base metals lifted miners. Most Asian stocks advanced, although indicators for Hong Kong and China fell when the Chinese central bank’s liquidity operations indicated it wanted to contain a growing leverage.
US futures signaled a rebound after indices slowed from all-time highs on Wednesday, when a drop in cryptocurrency exchange occurred. Coinbase Global Inc. he cast a shadow strong bank profits. The results are due later Thursday from firms like Citigroup Inc., BlackRock Inc. and Bank of America Corp.
The ruble fell with the Biden administration about to take over action against Russian individuals and entities in retaliation for alleged misconduct related to SolarWinds hacking and the U.S. elections.
Expectations of a strong economic recovery, combined with optimism about monetary and fiscal stimulus, have pushed stocks closer to record levels as corporate reports continue. Data to be presented on Thursday on U.S. unemployment claims and retail sales will be closely monitored, as well as any news on vaccine launches.
“With the rise of the economy and inflationary pressures, the cyclical sectors will do especially well, especially the new cycles: actions related to infrastructure, modernization of the electricity grid, clean energy and storage,” he said. say Eli Lee, head of investment strategy at Bank of Singapore. “But keep in mind that when you get such high returns, volatility is at its maximum.”
Elsewhere, Bitcoin fell from a record overnight. Oil stabilized after rising signs on Wednesday as demand prospects improved.
In Asia, traders are also on the lookout for new tremors stemming from the strong sale of bonds Huarong Asset Management Co., of distressed debt company, which has increased the quality spreads for investments.
Some key events to watch this week:
- U.S. data, including initial claims for unemployment, industrial production and retail sales, arrive Thursday.
- China’s economic growth, industrial production and retail sales figures are Friday.
These are some of the main movements in the financial markets:
Stocks
- S&P 500 index futures rose 0.5% as of 8:35 a.m. London time.
- The Stoxx Europe 600 index rose 0.3%.
- The MSCI Asia Pacific Index rose 0.3%.
- The MSCI emerging markets index changed little.
Coins
- The Spot Bloomberg Dollar index sank 0.1%.
- The euro changed little, to $ 1.1985.
- The British pound rose 0.1% to $ 1.3792.
- The land yuan changed little, with $ 6.533 per dollar.
- The Japanese yen was up 0.1% to 108.83 per dollar.
Good
- The ten-year Treasury yield sank by two basis points to 1.62%.
- The two-year Treasury yield fell less than one basis point to 0.16%.
- Germany’s ten-year yield fell one basis point to -0.27%.
- The ten-year yield in the UK fell one basis point to 0.793%.
- Japan’s ten-year yield fell less than one basis point to 0.092%.
Commodities
- West Texas crude oil changed little, with $ 63.14 a barrel.
- Brent crude traded slightly at $ 66.57 a barrel.
- Gold strengthened 0.6% to $ 1,747.35 an ounce.