Stocks, Futures Resume Rally; Dollar Extends Loss
Stocks climbed alongside U.S. futures as investors cheered fresh stimulus measures to aid the global economy, while awaiting the latest American job figures. The dollar headed for the biggest weekly drop in two months.
- Futures on the S&P 500 Index gained 0.8% as of 8:10 a.m. London time.
- The Stoxx Europe 600 Index rose 0.8%.
- The MSCI Asia Pacific Index climbed 0.6%.
- The MSCI Emerging Market Index increased 0.6%.
- The Bloomberg Dollar Spot Index fell 0.4%.
- The euro increased 0.3% to $1.1367.
- The British pound gained 0.4% to $1.2643.
- The onshore yuan strengthened 0.4% to 7.085 per dollar.
- The Japanese yen weakened 0.2% to 109.33 per dollar.
- The yield on 10-year Treasuries rose three basis points to 0.85%.
- The yield on two-year Treasuries climbed one basis point to 0.20%.
- Germany’s 10-year yield gained two basis points to -0.30%.
- Britain’s 10-year yield jumped three basis points to 0.336%.
- Japan’s 10-year yield increased two basis points to 0.051%.
- West Texas Intermediate crude gained 0.6% to $37.63 a barrel.
- Brent crude gained 1% to $40.40 a barrel.
- Gold weakened 0.3% to $1,708.86 an ounce.