A Peek Into The Markets: US Stock Futures Up Ahead Of Fed Speakers; Crude Oil Rises
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Mid-Morning Market Update: Markets Edge Higher; Albertsons Earnings Beat Expectations
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EM Review: Blue Wave Spurred Stock Rally as U.S. Yields Jumped
Bloomberg 1/11/2021 Lilian Karunungan, Farah Elbahrawy and Aline Oyamada © Photographer: Jim Watson/AFP/Getty Images Jon Ossoff (L), Raphael Warnock (C) and US President-elect Joe Biden (R) during a rally in Atlanta, Georgia, on January 4, 2021.
(Bloomberg) Emerging-market stocks posted their biggest weekly gain since early November after Democrats won control of the U.S. Senate in Georgia runoff elections, spurring optimism over more fiscal stimulus. Risk assets rallied despite chaos in the U.S. Capitol. U.S. Treasury yields climbed above 1% for the first time since the pandemic-driven turmoil in March, boosting the dollar and weighing on developing-nation currencies.