{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
  • Live
Markets
As of: {{timeStamp.date}}
{{timeStamp.time}}

Markets

{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
  • Live
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}

Latest Videos

{{ currentStream.Name }}

Related Video

Continuous Play:
ON OFF

The information you requested is not available at this time, please check back again soon.

More Video

Jan 15, 2019

U.S. stocks advance; pound pares losses after U.K. vote

BNN Bloomberg's closing bell update: Jan. 15, 2019

VIDEO SIGN OUT

Security Not Found

The stock symbol {{StockChart.Ric}} does not exist

See Full Stock Page »

Technology shares pushed stock indexes higher, while the pound pared losses against the dollar after U.K. politicians voted against a Brexit deal.

The S&P 500 gained for the first time in three sessions, rising above the 2,600 level it failed to breach on three occasions last week. The tech-heavy Nasdaq 100 recouped two days of losses after China announced more measures to boost its economy, easing concerns about slowing global growth. Netflix Inc. surged after it said it’s raising prices, while Apple Inc.’s 1.6 per cent gain was the smallest in the FAANG cohort.

The pound trimmed a decline against the dollar after British lawmakers overwhelmingly voted down a Brexit deal and proposed a motion of no confidence in Prime Minister Theresa May’s government. The 10-year Treasury yield traded around 2.71 per cent, while the dollar advanced against major peers. The euro dropped after European Central Bank President Mario Draghi said the economy is weaker than expected, and German data confirmed the worst year for growth since 2013.

“The market today is reacting favorably to the second largest economy in the world actually doing stimulus rather than trying to throttle their economy,” said Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Co. “Tech has a lot to do with what happens in China also. The tech sector has more revenues coming from China than any other sector in the U.S.”

The potential stimulus in China and warm welcome it received from markets reflects the delicate balance underpinning 2019’s risk-asset rebound: The same weak macro data that prompted a sell-off at the end of last year has the potential to spur looser monetary policies and therefore ignite a rally. Plenty of risks are clouding the outlook, not least the ongoing U.S. shutdown and the increasingly frantic countdown to Brexit. Investors must also factor in corporate earnings as the results season gets underway.

Here are some important events coming up:

Some of the world’s biggest banks announce earnings, including Bank of America, Morgan Stanley and Goldman Sachs. Alcoa, Indian IT company Mindtree, Netflix, Taiwan Semiconductor, American Express and BlackRock also post results.

These are the main moves in markets:

Stocks

The S&P 500 Index rose 0.8 per cent as of 3:07 p.m. New York time. The Stoxx Europe 600 Index advanced 0.4 per cent. Germany’s DAX Index gained 0.3 per cent. The MSCI Asia Pacific Index rose 1.1 per cent. The MSCI Emerging Market Index gained 1.2 per cent.

Currencies

The Bloomberg Dollar Spot Index climbed 0.3 per cent. The euro declined 0.5 per cent to US$1.1407. The British pound fell 0.2 per cent to US$1.2847 after falling as much as 1.5 per cent. The Japanese yen dropped 0.4 per cent to 108.60 per dollar.

Bonds

The yield on 10-year Treasuries rose one basis point to 2.71 per cent. Germany’s 10-year yield decreased two basis points to 0.21 per cent, the lowest in more than a week. Britain’s 10-year yield declined four basis points to 1.258 per cent.

Commodities

West Texas Intermediate crude climbed 2.9 per cent to US$51.96 a barrel. Gold fell 0.2 per cent to US$1,288.30 an ounce.

Top Stories