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[US Market]S & P500 Highest, Expectations for Stimulation Continued-Euro Rise-Bloomberg

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In the US stock market on the 21st, the S & P 500 stock index and the Nasdaq Composite Index reached record highs. It was bought mainly by technology stocks against the backdrop of expectations that economic growth will recover and corporate profits will be boosted by additional US stimulus measures.

  • US Stocks, S & P500 and Nasdaq Highest-Tech-led
  • US Treasuries fall, 10-year bond yield 1.11%
  • Euro rises, Canadian dollar stalls after surge
  • NY crude oil fell, fears of delay in demand recovery due to widespread corona infection
  • NY gold fell for the first time in 3 days, 1 ounce = $ 1869.30

The $ 1.9 trillion (about 197 trillion yen) economies of scale promoted by President Biden and the federal government’s corona response plan have boosted the risk appetite mood.

S & P 500 species is 3835.07, which is less than 0.1% higher than the previous day. The Nasdaq Composite Index rose 0.6%. On the other hand, the Dow Jones Industrial Average is down $ 12.37 (less than 0.1%) to $ 31176.01.

As of 4:59 pm New York time, the yield on US 10-year bonds has risen by 3 basis points (bp, 1bp = 0.01%) to 1.11%.Last week announced in the morningNumber of new unemployment insurance applications in the USDecreased slightly from the previous week.

The valuation of US stocks is at an extended level amid a series of corporate earnings announcements. Intel’s October-December (4th quarter) financial results announced today exceeded market expectations.

“High valuations will be justified by the strong recovery we expect, while inflationary assets remain reasonably priced,” said Florian Yerpo, multi-asset portfolio manager at Unigestion. Pointed out. “Therefore, we see a lot of investment opportunities in 2021,” he said.

In the foreign exchange market, the Canadian dollar stalled after hitting a two-year high against the US dollar.In the morning, Bank of Canada (Central Bank) Governor McClem said the domestic economy had enough stimulus to overcome the current recession and no additional monetary policy response was needed.See sideWas shown.

The euro is rising.European Central Bank (ECB) officials measure the financial environment in the euro areaNew indicatorOfficials said they asked the staff to devise.

The Bloomberg Dollar Spot Index, which shows the movement of the dollar against the 10 major currencies, fell 0.2%. The dollar is less than 0.1% cheaper than the yen, and the dollar is 103.50 yen. The euro is up 0.5% against the dollar at 1 euro = 1.2164 dollars.

New York crude oil futures prices have fallen. The status of infection with the new coronavirus is deteriorating worldwide, raising concerns about a recovery in demand.

The New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) futures March contract ended at $ 53.13 a barrel, down 18 cents (0.3%). The March contract for Brent North Sea in London ICE is up 2 cents to $ 56.10.

New York gold futures fell back for the first time in three days. The April contract for gold futures on the New York Board of Trade (COMEX) is down 90 cents (0.1%) to $ 1869.30 per ounce.

Original title:Tech Shares Lead U.S. Stocks to All-Time Highs: Markets Wrap(Excerpt)

Loonie Stalls at 2-Year High Vs Dollar; Euro Gains: Inside G-10(抜粋)

Oil Slips With Global Viral Resurgence Highlighting Demand Risks(Excerpt)

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