Stock exchange today: Dow, S&P Live Updates from January 18, 2020

Markets were marginally risk-free on Monday as investors weighed in on strong economic data from China, stimulus plans from US President-elect Joe Biden and upward trends in coronaviruses.

Carrefour SA fell 5.8%, leading Europe’s Stoxx 600 down, after Canada Alimentation Couche-Tard Inc. abandoned talks over a $ 20 billion merger. The dollar rose, oil prices were lower, and US equity futures fell.

Asian shares of chips and suppliers of Huawei Technologies Co. tumble after Reuters reported that the United States was planning to revoke its licenses to work with the Chinese company. In Seoul, Samsung Electronics Co. fell 3.4%.

“Markets needed a breather or even a pullback to justify expectations of reflation,” said Ben Emons, Managing Director of Global Macroeconomic Strategy at Medley Global Advisers.

Global stocks slipped last week after optimism over the US $ 1.9 trillion aid package and so-called reflation trade turned into a holiday weekend. U.S. financial markets are closed Monday for Martin Luther King’s vacation.

Meanwhile, Janet Yellen is expected to affirm the United States’ commitment to market-determined exchange rates and provide assurance that the United States will not seek a weaker currency for competitive trade advantages, The Wall Street Journal reported, citing Biden transition officials familiar with the preparation for her. confirmation hearing as Secretary of the Treasury.

On the coronavirus front, cases topped 95 million, while the death toll in the United States from Covid-19 has approached 400,000. Norway has expressed growing concern about the safety of the Pfizer vaccine Inc. in the elderly with serious underlying health problems after the deaths of 29 people who received inoculations.

Here are some key events coming up in the coming week:

• The U.S. stock and bond markets are closed Monday for Martin Luther King Jr.’s vacation.
• Income comes from companies such as Bank of America, Morgan Stanley, Procter & Gamble, Intel and Netflix.
• Joe Biden takes office as US president on Wednesday.
• Policy decisions are due to be taken on Wednesday by the central banks of Brazil, Malaysia and Canada. The Bank of Japan and the ECB make their decisions on Thursday.

Here are the main market movements:

Stocks

• Futures contracts on the S&P 500 index fell 0.2% at 9:01 am London time.
• The Stoxx Europe 600 index fell 0.2%.
• The MSCI Asia Pacific index fell 0.4%.
• The MSCI Emerging Market index fell 0.2%.

Currencies

• The Bloomberg Dollar Spot Index climbed 0.3% to 1,129.08.
• The euro fell 0.1% to $ 1.2071.
• The British pound fell 0.5% to $ 1.3527.
• The Japanese yen strengthened 0.1% to 103.78 per dollar.

Obligations

• Germany’s 10-year yield fell one basis point to -0.55%.
• Britain’s 10-year yield fell by one basis point to 0.28%.

Basic products

• West Texas Intermediate crude fell 0.3% to $ 52.22 a barrel.
• Gold strengthened 0.3% to $ 1,833.63 an ounce.

– With the help of Cormac Mullen