Stocks on Track for Best Week This Year on Stimulus Hopes
February 05 2021 - 4:12AM
Dow Jones News
U.S. stock futures edged higher Friday, suggesting that the
market is poised for its best weekly performance of the year, on
anticipation of a fresh coronavirus-relief spending package from
the government.
S&P 500 futures ticked up 0.2%, while contracts linked to
the Nasdaq-100 index gained 0.4%.
The U.S. jobs report for January, due out at 8:30 a.m. ET, will
show whether the economy is picking up from a winter slowdown.
There could be fewer job losses than usual this January because
there were so many at the end of last year, economists have
said.
The 10-year U.S. Treasury yield was down to 1.136% from 1.148%.
Yields and prices move in opposite directions.
Overseas, the Stoxx Europe 600 climbed 0.3%. Among individual
stocks, Delivery Hero rose 2.3%.
The U.K.'s FTSE 100, which is dominated by large international
businesses, meandered after the flat line.
The Swiss franc, the euro and the British pound were up 0.2%
against the dollar.
In commodities, international benchmark Brent crude strengthened
0.9% to $59.36 a barrel. Gold also gained 0.5% to $1,800.50 a troy
ounce.
German 10-year bund yields were down to minus 0.457% from minus
0.451% and the yield on U.K. 10-year gilts was up to 0.454% from
0.443%.
In Asia, indexes were mixed as Hong Kong's Hang Seng rose 0.7%
and Japan's Nikkei 225 index gained 1.5%, whereas China's Shanghai
Composite declined 0.2% after trading higher 1% during the
session.
-- An artificial-intelligence tool was used in creating this
article.
(END) Dow Jones Newswires
February 05, 2021 03:57 ET (08:57 GMT)
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