Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Stocks at record high but yields fall, dollar under pressure

11/27/2020 | 03:08pm EST
Investors look at screens showing stock information at a brokerage house in Shanghai

NEW YORK (Reuters) - Stocks rose across the globe on Friday to close at a fresh high and remained on track for their strongest monthly performance on record but the Nasdaq outperformed on Wall Street and Treasury yields fell, indicating lingering concerns over rising coronavirus cases globally.

A global stock index touched a record high for the third session this week while the dollar index, a measure of the greenback versus six peers, touched a three-month low and closed at its lowest since April 2018.

On Wall Street, the main indexes rose and the Nasdaq Composite hit a record high. The Nasdaq outperformance mirrors recent sessions when, despite rising stocks, the focus was on the economic impact of the pandemic. The U.S. expects a further surge in coronavirus infections following the Thanksgiving holiday.

The Dow Jones Industrial Average rose 37.9 points, or 0.13%, to 29,910.37, the S&P 500 gained 8.7 points, or 0.24%, to 3,638.35 and the Nasdaq Composite added 111.44 points, or 0.92%, to 12,205.85.

European stocks rose after the European Central Bank reinforced expectations of further stimulus next month and Sweden's Riksbank made a surprise increase to its quantitative-easing program.

The pan-European STOXX 600 index rose 0.41% and MSCI's gauge of stocks across the globe gained 0.39% to 623.75 after touching a high of 624.29.

Emerging market stocks rose 0.12%, while Japan's Nikkei rose 0.40%.

Questions also lingered over trial data on AstraZeneca's COVID-19 "vaccine for the world," as several scientists sounded caution over the trial results.

Australian shares ended down 0.5% with Treasury Wine Estates down 11.25% as China imposed new tariffs on Australian wine, the latest move in the countries' long-running trade row.

Graphic: Emerging market stocks' November to remember -

The European Union and Britain said substantial differences remained over a Brexit trade deal, as the EU chief negotiator prepared to travel to London in a last-ditch attempt to avoid a tumultuous finale to the five-year crisis.

Sterling, which has climbed over 3% against the dollar this month, was last trading at $1.3299, down 0.42% on the day. [GBP/]

"Clearly, there are substantial and important differences still to be bridged, but we're getting on with it," British Prime Minister Boris Johnson told reporters.

The dollar index fell 0.269%, with the euro up 0.39% to $1.196. The Japanese yen strengthened 0.24% versus the greenback at 104.03 per dollar.

"Over the longer term, this is probably the right trend for the dollar. We think the dollar has further room to the downside," said Bipan Rai, North America head of foreign exchange strategy at CIBC Capital Markets.

The yield on benchmark Treasury notes fell as some investors sought the safety of holding government debt over persistent concerns about the surge in coronavirus cases and lockdowns in several U.S. states and around the world.

The 10-year notes last rose 11/32 in price to yield 0.8422%, from 0.878% late on Wednesday.

Oil prices, up for a fourth straight week, were mixed.

U.S. crude recently fell 0.42% to $45.52 per barrel and Brent was at $48.27, up 0.98% on the day. Both rose over 7% this week.

Bitcoin fell 2.25% to $16,774.49 after tumbling 8.4% in the previous session. The cryptocurrency brushed against its record high of $19,666 earlier this week and has rallied around 130% this year.

Spot gold dropped 1.3% to $1,787.40 an ounce. Silver fell 3.20% to $22.70.

(Reporting by Rodrigo Campos; additional reporting by Sinéad Carew in New York, Marc Jones in London and Shivani Kumaresan in Bengaluru; Editing by Nick Zieminski)

By Rodrigo Campos


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.52% 30980.67 Delayed Quote.0.68%
NASDAQ 100 1.43% 12987.412226 Delayed Quote.-0.65%
NASDAQ COMP. 1.44% 13185.19533 Delayed Quote.0.86%
NIKKEI 225 1.39% 28633.46 Real-time Quote.2.91%
S&P 500 0.89% 3801.77 Delayed Quote.0.32%
STOXX EUROPE 600 -0.19% 407.92 Delayed Quote.2.42%
Latest news "Economy & Forex"
01:53pAbbott's COVID-19 antigen test may help with faster detection, isolation - CDC
RE
01:50pOn eve of Biden, EU arms itself for trade disputes
RE
01:41pPandemic hit UK pubs group Wetherspoons seeks to raise cash again
RE
01:41pBells and candlelight to honor 400,000 COVID-19 dead on eve of U.S. presidential handover
RE
01:38pBackers of IP waiver for COVID-19 drugs make fresh push at WTO
RE
01:38pOil gains on stimulus optimism ahead of Biden inauguration
RE
01:36pU.S. Treasury nominee Yellen says China guilty of 'horrendous' rights abuses
RE
01:36pBoE's Haldane sees rapid economic recovery from COVID hit
RE
01:33pANALYSIS : Mexican president's energy reform threat faces U.S. reality check
RE
01:30pLondon Stock Exchange set to close Refinitiv deal on Jan. 29
RE
Latest news "Economy & Forex"