Today’s stock market: live updates from Dow, S&P for December 18, 2020

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European actions fluctuated as traders watched the latest attempt by British and EU negotiators to have removed a free trade agreement from the stalled Brexit negotiations. The pound fell.

Mining and telecommunications companies made gains on the Stoxx Europe 600 index as retail and travel companies fell. The euro fell when both sides in Brexit talks warned that progress had been made. another problem with only a few hours to find a deal. Shares of CD Projekt SA fell by as much as 20% after Sony withdrew the Cyberpunk 2077 video game from its PlayStation Store firm.

Futures S&P 500 stabilized after the index closed at record highs Thursday as Congress works to complete a pandemic relief deal. Meanwhile, the US is preparing to do so Blacklist of Semiconductor Manufacturing International Corp. and dozens of other Chinese companies, Reuters reported, citing people familiar with the matter.

The dollar rose, benefiting from falls in another group of ten currencies, while copper topped $ 8,000 a tonne for the first time in more than seven years due to rising bottlenecks. of supply and demand.

Copper has risen above $ 8,000 per tonne for the first time since 2013

With the clock ticking to renew aid to the pandemic, Washington leaders are under pressure to resolve their differences after months of stagnation amid signs of a faltering economic recovery. A U.S. bipartisan stimulus deal “appears to be close,” Senate Majority Leader Mitch McConnell said, but it will likely require work over the weekend to get Congress.

The stimulus package “should be a sufficient bridge,” Steven Wieting, global investment strategist at Citigroup Private Bank, told Bloomberg TV. “That along with at this stage a preparation for this Covid emergency and the fact that vaccines are advanced by the middle of the year, it would certainly be enough to make us go through this period of weakness.”

These are the main movements in the markets:

Stocks

  • S&P 500 index futures rose 0.1% from 9:26 a.m. London time.
  • The Stoxx Europe 600 index rose 0.2%.
  • The MSCI Asia Pacific index sank 0.5%.
  • The MSCI Emerging Markets Index fell 0.3%.

Coins

  • The Spot Bloomberg Dollar index rose 0.2%.
  • The euro fell 0.1% to $ 1,2255.
  • The British pound sank 0.5% to $ 1,352.
  • The land yuan weakened 0.1% to $ 6,541 per dollar.
  • The Japanese yen weakened 0.4% to 103.54 per dollar.

Good

  • The ten-year Treasury yield remains unchanged at 0.93%.
  • The two-year Treasury yield fell less than one basis point to 0.12%.
  • Germany’s ten-year yield rose one basis point to -0.56%.
  • Japan’s ten-year yield fell less than a basis point to 0.01%.
  • The UK’s ten-year yield sank by two basis points to 0.271%.

Commodities

  • West Texas crude oil fell 0.1% to $ 48.29 a barrel.
  • Brent crude fell 0.2% to $ 51.38 a barrel.
  • Gold weakened 0.3% to $ 1,880.16 an ounce.

.Source

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