Stocks, Futures Up After US Record; Bonds stable: Markets Wrap

(Bloomberg) – Shares rose on Friday with US and European futures, following Wall Street on signs of a healing job market and improving coronavirus trends. Government bonds remained stable after a widely observed section of the yield curve fell to the level last seen in 2015. Japan and South Korea were among the top Asian wins. The S&P 500 futures rose after the benchmark, led by banks and technology stocks, hit a record high of more than 1%, while the Russell 2000 index of smaller companies rose 2%. The focus remained on the result, with EBay Inc. and PayPal Holdings Inc. increasing due to optimistic forecasts. The dollar held a profit overnight. Crude oil rose and gold stabilized after falling on Thursday. In Hong Kong, short video startup Kuaishou Technology rose more than 190% on its debut after one of the city’s largest IPOs in years. Global stocks flirt with all-time highs as corporate earnings rebound and central banks continue to provide support in the face of the pandemic. US President Joe Biden’s urge to accelerate a $ 1.9 trillion stimulus package has also boosted sentiment. A report on Thursday showed that US unemployment claims had dropped to their lowest level since November, and investors are now focusing on Friday’s salary data: “Economic data is very strong,” said Andrew Slimmon, fund manager at Morgan Stanley Investment Management, at Bloomberg TV. “The market will have problems at some point this year, but it’s too early right now because the numbers are still coming through.” When it comes to viruses, US restrictions are lifting as the outbreak subsides. The Bank of England predicted that the UK economy is heading for a strong recovery thanks to an aggressive push to vaccinate citizens. France said a new lockdown was currently not justified. Robinhood Markets Inc. lifted restrictions on buying shares in GameStop Corp. and AMC Entertainment Holdings Inc. – stocks at the center of the battle between Reddit-enabled retailers and short sellers. The main moves in the markets are: StocksS&P 500 futures traded at 7:06 a.m. in London 0.3% to. The S&P 500 rose 1.1% on Thursday. The Japanese Topix index rose 1.4%. Hong Kong’s Hang Seng gained 0.8%. The South Korean Kospi Index gained 1.1%. The Australian S & P / ASX 200 index gained 1.1%. The Euro Stoxx 50 futures rose 0.4%. The 10-year government bond yield was 1.14%. Australia’s 10-year yield fell four basis points to 1.19%. Currencies The yen barely changed at 105.50 per dollar. The offshore yuan fell 0.1% to 6.4777 per dollar. The Bloomberg Dollar Spot The euro was stable at USD 1.1966. Raw MaterialsWest Texas Intermediate Crude Oil rose 0.7% to $ 56.62 a barrel. Gold was at $ 1,798.80 an ounce, up 0.3%. For more articles like this, please visit us at Subscribe now to stay ahead of the curve with the most trusted business news source. © 2021 Bloomberg LP