Global Stocks Tick Higher Ahead of Inauguration
Global stocks and U.S. stock futures ticked higher ahead of Joe
Biden's inauguration as president.
Futures tied to the S&P 500 edged up 0.2%. Contracts on the
Nasdaq-100 added 0.6%.
In Europe, the Stoxx Europe 600 gained 0.3% in morning trade.
Industrials and energy sectors led gains while health care and
utilities sectors lost ground.
Shares of Kion Group jumped 2.8% snapping a three-day losing
streak and Rotork rose 2.5%.
John Wood Group slipped 3% for a two-session losing streak.
The FTSE 100, which is dominated by large international
businesses, climbed 0.1%.
Other stock indexes in Europe also mostly climbed as France's
CAC 40 added 0.2%, U.K.'s FTSE 250 climbed 0.4%, and Germany's DAX
The Swiss franc and the British pound strengthened 0.2% and 0.3%
respectively against the U.S. dollar and the euro was flat against
the dollar, with 1 euro buying $1.21.
In commodities, international benchmark Brent crude oil was up
0.8% to $56.36 a barrel. Gold was also up 0.7% to $1,853.50 a troy
The German 10-year bund yield held steady and the yield on
10-year U.K. government debt known as gilts fell to 0.289% from
0.291%. The 10-year U.S. Treasury yield was flat. Yields move
inversely to prices.
Stocks in Asia were mixed as Hong Kong's Hang Seng gained 0.9%
and China's benchmark Shanghai Composite rose 0.5%, whereas Japan's
Nikkei 225 index was down 0.4%.
An artificial-intelligence tool was used in creating this
(END) Dow Jones Newswires
January 20, 2021 03:59 ET (08:59 GMT)
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