[US Market]S & P 500 Highs, US Treasuries Fall-Negotiations on Economic Measures Continue-Bloomberg

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The US stock market on the 17th reached a record high as the S & P 500 stock index continued to grow. Meanwhile, negotiations over the federal government’s spending bill are still ongoing.

The Democratic and Republican parties have yet to agree on additional economic stimulus measures, even though the program to support US workers will soon expire.Last week announced in the morningNumber of new unemployment insurance applicationsInvestors took it as an unexpectedly large increase, urging both parties to conclude negotiations.

S & P 500 species increased by 0.6% from the previous day to 3722.48. The Dow Jones Industrial Average averaged $ 148.83 (0.5%) higher at $ 30303.37. The Nasdaq Composite Index rose 0.8%.

“Investors know that there will be a good medium- to long-term environment for companies and their bottom line,” said Chris Gaffney, President of Global Markets at TIAA Bank. “The global economy, especially the United States, will go through a tough time in the coming months, but central bank policies and the future look bright,” he said.

There are increasing signs of a recovery in the US economy. Support measures for workers and SMEs are about to expire, and there is increasing pressure on governments and parliaments to break through long stalemate and come up with new measures. Both infected and dead with the new coronavirus continue to break records in the United States, and the growing movement to tighten restrictions on activities is once again wary of threatening the economy.

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In the foreign exchange market, the dollar index hit a new low for the first time in two years. The optimism about US economic measures has increased risk consciousness, and the purchase of the fleeing currency has been refrained. The euro surged against the dollar but fell against the Australian dollar and Scandinavian currencies. The pound is strong. There is still hope for a conclusion over the trade agreement between Britain and the European Union (EU).

As of 4:40 pm New York time, the Bloomberg Dollar Spot Index, which shows the movement of the dollar against the 10 major currencies, fell 0.4%. The dollar is 0.4% cheaper than the yen, and the dollar is 103.09 yen. It fell below the November low of 103.18 yen and was temporarily sold to 102.88 yen, a 0.6% drop. The euro is up 0.6% against the dollar at $ 1.2269.

The US Treasury market has disappeared and has fallen. New unemployment insurance applications and the Philadelphia Fed Manufacturing Index were weak and were rising in the morning. Yields on 10-year bonds rose 2 basis points (bp, 1bp = 0.01%) to 0.93%. The US Federal Open Market Committee (FOMC) did not make any changes to its bond purchase program the day before, so it was temporarily on sale after the announcement.

The New York crude oil futures market continued to grow for four business days, recovering to the level since February. There is widespread belief that an agreement on additional US economic measures will stimulate oil demand until the new coronavirus becomes widespread. The New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) futures January contract ends at $ 48.36 a barrel, up 54 cents (1.1%). The February contract for Brent North Sea in London ICE is up 42 cents to $ 51.50.

The New York gold futures market has continued to grow on the 3rd. The February contract for gold futures on the New York Board of Trade (COMEX) rose 1.7% to $ 1890.40, the highest price in a month. Gold spot prices are up 1.1% to $ 1885.90 as of 2:20 pm New York time.

U.S. financial authorities said the day beforeFinancial supportHe showed his attitude of continuation again. On this day, optimism was strengthened that an agreement was near in the US economic policy talks. “Gold seems to be a favorite again,” said Bob Havercorn, senior market strategist at RJO Futures.

Original title:U.S. Stocks Rise to Records, Treasuries Decline: Markets Wrap(Excerpt)

Dollar Tests New Lows as Scandinavians Lead Charge: Inside G-10（抜粋）

Treasuries Erase Gains, Bear-Steepen as Stocks Attain Records（抜粋）

Crude Rises With Potential Virus-Relief Deal Fueling Optimism(Excerpt)

Gold Bulls Take Heart From the Fed’s Resolve as Dollar Buckles(Excerpt)

(Update quotes and add marketer comments in paragraph 5)

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