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Stocks, U.S. yields climb after Democrats win control of the Senate


Stocks, U.S. yields climb after Democrats win control of the Senate
Reuters
7/01/2021
By Rodrigo Campos
By Rodrigo Campos
NEW YORK (Reuters) - Bond prices dropped and stocks hit record highs on Thursday as investors bet Democratic control of the U.S. Congress would enable President-elect Joe Biden to borrow and spend heavily, while higher yields helped a bruised dollar recover from near three-year lows.
© Reuters/KIM KYUNG-HOON
FILE PHOTO: First trading day of stock market in Tokyo
The bullish sentiment remained throughout the day even as the top two Democrats in Congress called for President Donald Trump to be removed from office, one day after his supporters stormed and vandalized the U.S. Capitol in a rampage that left four people dead. ....

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Fed urges more fiscal stimulus and confirmed monthly purchase of US$ 120 billion in bonds


Full article
The Fed held its benchmark interest rates at near zero, and opted to purchase at least US$120 billion in bonds each month
The Federal Reserve concluded its final meeting of a tumultuous year on Wednesday, as policymakers weigh a mixed bag of economic signals in setting the central bank’s course for the new year and beyond.
As expected, the Fed held its benchmark interest rates at near zero, and also opted to purchase at least US$120 billion in bonds each month “until substantial further progress has been made toward the Committee’s maximum employment and price stability goals,” according to a statement from the Federal Open Market Committee, the Fed s rate-setting group. ....

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