NewsFeeder
Headline News
U.S. and Asia Futures Climb on Stimulus Talks: Markets Wrap
(Bloomberg) -- U.S. futures opened higher Monday amid optimism about some progress on stimulus talks. Asian stocks looked set for gains.S&P 500 Index futures gained after the gauge closed higher for a third week on Friday. Contracts in Japan, Australia and Hong Kong also rose. U.S. Speaker of the House Nancy Pelosi set a Tuesday deadline for more progress with the White House after lengthy discussions at the weekend with Treasury Secretary Steven Mnuchin. The pound held its ground after a report officials were prepared to water down controversial Brexit legislation in a move that could revive failing talks with the European Union, as well as a credit rating cut by Moody’s Investors Service.Elsewhere, oil fluctuated under $41 a barrel ahead of a meeting of OPEC + on Monday. The New Zealand dollar rose after Jacinda Ardern’s emphatic election victory.While Pelosi said a pre-election deal remains possible, her team sent conflicting signals after setting a 48-hour deadline for progress on Saturday night. President Donald Trump renewed his offer to go beyond the dollar amounts now on the table.Pelosi and Mnuchin spoke at length Saturday night about efforts to finalize a stimulus package to help the U.S. weather the affects of the coronavirus, especially as signs emerge of rising economic strain for millions of Americans and an acceleration in coronavirus infections.The U.S. had a fifth consecutive day of infections over 50,000. In Europe, Italy’s cases swelled to a daily record as the government prepares new containment measures.These are some of the main moves in markets:StocksS&P 500 futures rose 0.4% as of 7:14 a.m. in Tokyo. The S&P 500 was little changed Friday.Nikkei 225 futures rose 0.5% earlier.Australia’s S&P/ASX 200 Index futures rose 0.6%.Hang Seng Index futures gained 0.3% earlier.CurrenciesThe yen traded at 105.34 per dollar.The offshore yuan was at 6.6960 per dollar.The euro was at $1.1715.The British pound was at $1.2918.BondsThe yield on 10-year Treasuries advanced one basis point to 0.75% Friday.CommoditiesWest Texas Intermediate crude rose 0.2% to $40.96 a barrel.Gold was little changed at $1,899.53 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
https://finance.yahoo.com/news/currencies-steady-start-week-stocks-204805931.html?.tsrc=rss
(Bloomberg) -- U.S. futures opened higher Monday amid optimism about some progress on stimulus talks. Asian stocks looked set for gains.S&P 500 Index futures gained after the gauge closed higher for a third week on Friday. Contracts in Japan, Australia and Hong Kong also rose. U.S. Speaker of the House Nancy Pelosi set a Tuesday deadline for more progress with the White House after lengthy discussions at the weekend with Treasury Secretary Steven Mnuchin. The pound held its ground after a report officials were prepared to water down controversial Brexit legislation in a move that could revive failing talks with the European Union, as well as a credit rating cut by Moody’s Investors Service.Elsewhere, oil fluctuated under $41 a barrel ahead of a meeting of OPEC + on Monday. The New Zealand dollar rose after Jacinda Ardern’s emphatic election victory.While Pelosi said a pre-election deal remains possible, her team sent conflicting signals after setting a 48-hour deadline for progress on Saturday night. President Donald Trump renewed his offer to go beyond the dollar amounts now on the table.Pelosi and Mnuchin spoke at length Saturday night about efforts to finalize a stimulus package to help the U.S. weather the affects of the coronavirus, especially as signs emerge of rising economic strain for millions of Americans and an acceleration in coronavirus infections.The U.S. had a fifth consecutive day of infections over 50,000. In Europe, Italy’s cases swelled to a daily record as the government prepares new containment measures.These are some of the main moves in markets:StocksS&P 500 futures rose 0.4% as of 7:14 a.m. in Tokyo. The S&P 500 was little changed Friday.Nikkei 225 futures rose 0.5% earlier.Australia’s S&P/ASX 200 Index futures rose 0.6%.Hang Seng Index futures gained 0.3% earlier.CurrenciesThe yen traded at 105.34 per dollar.The offshore yuan was at 6.6960 per dollar.The euro was at $1.1715.The British pound was at $1.2918.BondsThe yield on 10-year Treasuries advanced one basis point to 0.75% Friday.CommoditiesWest Texas Intermediate crude rose 0.2% to $40.96 a barrel.Gold was little changed at $1,899.53 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
https://finance.yahoo.com/news/currencies-steady-start-week-stocks-204805931.html?.tsrc=rss
