US Bonds Rose As Shares Decline With Covid Restrictions
19.11.2020 – Global Markets Analysis – US bonds rose while Asian stocks fell in global markets due to coronavirus restrictions.
New restriction measures taken as a precaution against the rapid increase of cases have taken back the rapid progress achieved with positive vaccine developments. US stocks fell. The dollar fell to its lowest level in the last two years against major currencies.
The S&P 500 Index closed at its lowest level of the day after schools were closed due to coronavirus cases that continued to increase in New York. Pfizer Inc.’s shares soared after it announced that the potential coronavirus vaccine it developed was 95 percent effective.
19.11.2020 – Global Markets Analysis
Today, most Asian stocks have fallen slightly.
The Bloomberg Dollar Spot Index has been close to the lowest level in the period from April 2018 to this time. MSCI’s Asian shares indicator rose for the 13th day in a row on the third trading day of the week. It is now preparing to end its longest uptrend since 1988.
The cryptocurrency craze still continues. Bitcoin has surpassed $ 18,000 for the first time since December 2017. After that, he returned some of his earnings.
Following the news that tended to support the markets this week, the attention of fund managers turned to coronavirus data showing that the number of cases in Europe and the USA was extremely high. The S&P 500 Index fell two days in a row for the first time since late October on Wednesday, the third trading day of the week.
“Investors are taking a well-deserved break after the news of the past few weeks has raised confidence to extremely optimistic levels. The vaccine developments are promising and show that there is light at the end of the tunnel,” said Adam Phillips, portfolio strategy director of EP Wealth Advisors, in a statement.
Stock indicators ended the day with rising all over Europe yesterday. The Sterling continued its rise with hopes of the Brexit deal and inflation data that performed better than expected. The Nikkei 225 Index fell 1.1 percent after the announcement of a record number of new coronavirus cases in Tokyo.
- The S&P 500 Index fell 1.2 percent. Futures did not change much at 13.23 Tokyo time.
- The Topix Index fell 0.3 percent.
- The MSCI Asia Pacific Index fell 0.3 percent.
- The S & P / ASX 200 Index remained flat in Australia.
- The Kospi Index fell 0.5 percent.
- The Hang Seng Index fell 0.6 percent.
- The Shanghai Composite Index rose 0.1 percent.
- Euro Stoxx 50 futures fell 0.9 percent.
- The Bloomberg Dollar Spot Index rose 0.1 percent.
- Euro / Dollar parity was traded from 1.1846.
- Sterling/dollar parity dropped 0.3 percent and found buyers at 1.3231.
- The yen was 0.1 percent plus 103.81 against the dollar.
- The offshore yuan parity is 6.5654.
- The yield of 10-year Treasury bonds in the US was 0.85 percent, down 2 basis points.
- The Australian 10-year yield remained at 0.89 percent.
- WTI oil rose 0.8 percent to $ 41.48 a barrel.
- Gold fell 0.3 percent to $ 1,867.46 an ounce.