Stocks, futures push higher after two-week slide: market wrap-up


(Bloomberg) – The deal between US futures rose on Monday with European stocks gaining momentum amid signs of deal activity and the progress of the virus vaccine. Before this week’s Federal Reserve meeting there was little change in the dollar’s bottom and the Treasury.

All of the industry groups in the Stoxx Europe 600 index rose, with technology shares leading gains. Futures jumped 1.9% on the Nasdaq 100 index. Pfizer Inc. Regarding the possibility of vaccinating Americans with a sentiment from the end of the year on behalf of the CEO of, as reported in the report, a deal for TikTok in the US is nearing a conclusion.

Softbank Group Corp agreed to buy the Japanese firm’s chip division Arm Ltd after Nvidia Corp for $ 40 billion, while Gilead Sciences Inc. acquired Immunomedics Inc. for about $ 21 billion. Gold and crude oil gained momentum.

Global stocks have been closing after the first week of decline since March and traders have been given recent assurances of valuations and volatility in option markets. This week, the Fed expects that its tough stance on policy will continue as investors indicate the global economy is recovering from the epidemic. Strategists at Goldman Sachs Group Inc. and Deutsche Bank AG suggested a recent rebound in the US.

Read why Goldman, Deutsche says US stock sale may end

“Undeniably the virus story is the major macro pivot event, especially for equities, and more likely to happen,” said Stephen Innes, chief market strategist at AxiCorp Ltd. Where Wednesday’s FOMC meeting will take center stage

Pfizer comments suggested that most public health officials suggested that there is a shorter timeframe for the vaccine. Earlier, AstraZeneca plc and the University of Oxford resumed the UK trial of their vaccines to prevent concerns over a participant becoming ill after the study.

Elsewhere, Japan’s ruling party elected its new leader on Monday. Yoshihide Suga is the favorite over Prime Minister Shinzo Abe.

Here are some major developments:

China’s industrial production and retail sales data are due on Tuesday. The FOMC policy decision and news conference on Wednesday has been taken from chairman Jerome Powell. Policy decisions from Japan, Bank Indonesia and Bank of England come on Thursday. The quarterly expiration of futures and options on indices and shares takes place on the same day when the US markets are under consideration.

These are the main steps in the markets:

Stocks

Futures on the S&P 500 index advanced 1.4% as of 8:12 am London time. The Stokes Europe 600 index climbed 0.7%. The MSCI Asia Pacific Index rose 0.9%. MSCI Emerging Market Index 0.9%.

Currencies

The Bloomberg Dollar Spot Index declined 0.1%. The euro was little changed at $ 1.1851. The British pound rose 0.2% to $ 1.2826. The Japanese Yen rose 0.2% to 106 per dollar. The offshore yuan rose 0.1% to 6.8294 per dollar.

Bond

The yield on the 10-year treasury was reduced by one basis point to 0.66%. The yield on the two-year-old cells decreased by one basis point to 0.13%. Ghermani’s 10-year yield fell by a basis point to -0.49%. 10 of the UK. -Your yield sank two basis points to 0.166%. Japan’s 10-year yield declined by a basis point to 0.021%.

goods

West Texas Intermediate crude rose 0.3% to $ 37.49 per barrel. Second crude was little changed at $ 39.93 a barrel. The manifold rose 0.3% to $ 1,947.11 an ounce.

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