Treasury yields rose Thursday after a report suggested President-elect Joe Biden plans a Covid-19 relief package of about $2 trillion. A gauge of Asia-Pacific shares edged toward another record.
Biden’s advisers recently told allies in Congress about the cost of the package, according to the report. Biden is expected to announce his economic support plans later in the day. Yields had earlier steadied after dropping from the highest levels since March following two strong bond auctions this week. The dollar was bolstered by the stimulus news.
In Asia, Japanese equities outperformed, while China’s CSI 300 index fell the most in four months, pulling back from a 13-year high. S&P 500 contracts and European stock futures pointed higher. Technology shares led Wall Street gains Wednesday, with the Nasdaq 100 outperforming the S&P 500.
Alibaba Group Holding Ltd. and Tencent Holdings Ltd. climbed after the U.S. decided against banning American investment in the Chinese tech giants. Oilsteadied and Bitcoin rose to $38,300.
US After Hours President Trump impeachment headlines the after hours session; ETH +6.5% trades up on bullish guidance while JWN falls -3.4% on lackluster holiday sales
Macro :
- Italy Government on Verge of Collapse After Renzi Party Quits
- Fed’s Beige Book Shows Modest U.S. Recovery as Job Growth Slows
- Man Group Sounds Alarm on Emerging Markets as Debt Loads Soar
- Goldman Sachs to Double Number of Staff in Madrid: Expansion
Keep an eye on :
- ALO FP : Bombardier, CAF Win EU2.56B Paris Commuter Trains Bid: Figaro
- BABA US : Americans Won't Be Banned From Investing in Alibaba, Tencent and Baidu
- CA FP : Carrefour Could Turbocharge Best Start for French M&A Since 2001
- CA FP : Carrefour’s Brazil Unit Pares Gain as French Govt Opposes Deal
- COLR BB : Carrefour Talks Reignite Colruyt Delisting Speculation: KBC
- EQNR NO : Equinor to Provide New York State With Offshore Wind Power
- ICAD FP : Icade Sells 261 Homes to Aberdeen Standard Inv. for About EU64M
- KAZ LN : KAZ Minerals Investor Pushes Board to Scrap $2.4 Billion Buyout
- NTGY SM : Naturgy Nears Deal to Buy Candela Renewables, Reuters Says
- PMAG AV : PIERER Mobility AG Prelim FY Revenue Beats Estimates
- FHZN SW : Zurich Airport Dec. Passengers 355,315 Vs. 2.33M Y/y
- SON PL : Sonae Unit Worten to Sell 17 Stores in Spain to Media Markt
- THG LN : THG 25.5m Share Sale by Holders Order Book Is Covered: Terms
- VACN SW : VAT Sees 1Q Net Sales CHF180M to CHF190M