The US stock market on the 12th rebounded slightly. Yields on 10-year US Treasury bonds remained at their highest levels in 10 months. The outlook for economic recovery and the progress of vaccination with the new coronavirus vaccine were conscious.
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The S & P 500 Index ended after rising after most of the daytime. Energy stocks, material stocks, and consumer goods stocks have risen. The average of 30 Dow Jones Industrial Averages and the Nasdaq Composite Index increased more than the S & P 500.
S & P 500 species increased by less than 0.1% from the previous day to 3801.19. The Dow Jones Industrial Average rose $ 60.00 (0.2%) to $ 31068.69. Nasdaq Composite rose 0.3%.
As of 4:59 pm New York time, the yield on US 10-year bonds fell by 2 basis points (bp, 1bp = 0.01%) to 1.13%. Yields offset the morning hike as demand for the same-year bond auction ($ 38 billion) was firm.
The mood of the market as a whole remained generally optimistic, as there was widespread movement to see how rising US Treasury yields would change the financial situation. While the progress of the new corona vaccination has been the reason for optimism, there are still concerns about speculative movements that pushed stock prices to their highest levels during the pandemic.
“The focus is on digesting changes in fiscal policy,” said David Bianco, chief investment officer for the Americas of the DWS Group. “The anchor to major long-term interest rates is beginning to be lost,” he said.
In the foreign exchange market, the dollar has fallen widely against the 10 major currencies. The dollar index fell back for the first time in four business days in the midst of thin trading. As US Treasury yields began to fall, the index also widened.
The Bloomberg Dollar Spot Index, which shows the movement of the dollar against the 10 major currencies, fell 0.6%. The euro is up 0.5% against the dollar at 1 euro = 1.2207 dollars. The dollar is down 0.5% against the yen at 1 dollar = 103.76 yen.
The New York crude oil futures market continued to grow for six business days, hitting a high for the first time in about 10 months. Following the depreciation of the dollar, crude oil traded in dollars was bought. The 6th consecutive growth has been the long-term continuous price increase since May last year.
The February contract for West Texas Intermediate (WTI) futures on the New York Mercantile Exchange (NYMEX) ends at $ 53.21 a barrel, up 96 cents (1.8%). The March contract for Brent North Sea in London ICE is up 92 cents to $ 56.58.
Gold spot market price rose for the first time in 5 business days. Demand for gold as an alternative asset recovered as US Treasury yields fell and the dollar weakened. Spot prices are up 0.5% to $ 1853.86 per ounce as of 2:57 pm New York time. The four business days in a row until the day before was the longest since November last year. The February contract for gold futures on the New York Board of Trade (COMEX) closed at $ 1844.20, down 0.4%.
Original title:Stocks Rise; Dollar Weakens Versus Majors Peers: Markets Wrap(Excerpt)
Dollar Extends Broad Losses as U.S. Yields Retreat: Inside G-10（抜粋）
Oil Tops $53 With Weaker Dollar Boosting Appeal of Commodities(Excerpt)
Gold Snaps Slump as Gains in the Dollar, Treasury Yields Recede(Excerpt)
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