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Global equities hit record highs, oil and dollar edges higher as Biden takes office | Money

NEW YORK, Jan 21 — Global equity benchmarks rose to new record highs and oil prices rose yesterday as investors moved into riskier assets in anticipation of further US stimulus under the new Biden administration to mend the economic damage of the coronavirus pandemic. US President Joe Biden, who...
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Equities hit record highs; oil, dollar edges higher as Biden takes office

Read more about Equities hit record highs; oil, dollar edges higher as Biden takes office on Business Standard. U.S. Treasury Secretary nominee Janet Yellen urged lawmakers to "act big" to save the economy and worry about debt later at a confirmation hearing Tuesday
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Stocks Rise as Earnings Season Ramps Up — Update

Provided by Dow Jones By Anna Hirtenstein and Alexander Osipovich U.S. stocks climbed as Janet Yellen endorsed higher coronavirus relief spending and some of the countrys biggest banks beat expectations for fourth-quarter earnings. The Dow Jones Industrial Average rose 116 points, or 0.4%, as of the 4 p.m. close of trading Tuesday in New York. The S&P 500 advanced 0.8%, while the technology-heavy Nasdaq Composite jumped 1.5%. The gains came as U.S. markets r...
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INSIGHT-Irresistible? Pension funds plot move on China's $16 trillion sovereign bond market

20 Jan 2021 / 09:01 H. By Dhara Ranasinghe and Saikat Chatterjee LONDON, Jan 20 (Reuters) - Chinas $16 trillion sovereign debt market is the proverbial elephant in the investment room. But its becoming too big to ignore, even for the most risk-averse Western investors. A large, A+ rated market that pays 3% yields, with minimal volatility? Its looking increasingly alluring for European pension funds swimming in sub-zero bond yields as aging populations stretch their finances. For some, the bene...
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Premarket: Global shares rise after Yellen's call to 'act big' on coronavirus spending

The Globe and Mail Published January 20, 2021 Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Global equity benchmarks rose to new record highs and oil prices rose on Wednesday as investors moved into riskier assets in anticipation of further U.S. stimulus under the new Biden administration to ...
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Stocks Rise on Hopes for More Stimulus

Provided by Dow Jones By Anna Hirtenstein and Alexander Osipovich U.S. stocks climbed as Janet Yellen endorsed higher coronavirus relief spending and some of the countrys biggest banks beat expectations for fourth-quarter earnings. The Dow Jones Industrial Average rose 116.26 points, or 0.4%, to 30930.52. The S&P 500 advanced 30.66 points, or 0.8%, to 3798.91. The technology-heavy Nasdaq Composite jumped 198.68 points, or 1.5%, to 13197.18. The gains marked ...
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GLOBAL MARKETS-Shares rise after Yellen's call to `act big' on coronavirus spending

World shares gained on Wednesday on expectations of hefty U.S. spending after U.S. Treasury Secretary nominee Janet Yellen urged lawmakers to “act big” to save the economy and worry about debt later. Oil rose and the dollar slipped in response. At her confirmation hearing on Tuesday, Yellen said the benefits of a big stimulus package ...
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Equities and oil jump, bonds dip as Biden takes office

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/equities-hit-record-highs-2/"></div>NEW YORK (Reuters) – Global equity benchmarks rose to new record highs and oil prices rose on Wednesday as investors moved into riskier assets in anticipation of further U.S. stimulus under the new Biden administration to mend the economic damage of the coronavirus pandemic. U.S. President Joe Biden, who was sworn into office on Wednesday, […]&lt...
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Source: metro.us

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