The US equities lifted on Thursday after Biden double a target for vaccine rollout. US data also showed claims for unemployment benefits dropped to a one-year low. The Dow Jones Industrial Average and S&P500 both higher, rose 0.62% and 0.52% respectively. The Nasdaq Composite was up 0.12% due to leading social media companies testified to Congress. Small-cap shares were the outperformer overnight with more than 2% gains as an index. Futures in Asia including Japan, Australia, and Hong Kong all set to open higher.
On the commodity trading side, global oil rose fell 4% erasing its weekly gains as diggers worked to dislodge the stuck ship in the Suez Canal. Brent oil fell to %61.8 per barrel. WTI crude fell to $58.65 per barrel.
Treasury yields were mixed overnight. The US Treasury sold $62 billion of seven-year notes on Thursday at a yield of 1.3%. The US 2-year yields fell by 1 point to near 0.14%, while the US 10-year yields rose 1 point to near 1.62%.
The dollar strengthened against major currencies on Thursday. EURUSD fell from highs around $1.1828 to lows near $1.1761. AUDUSD fell from highs around $0.7614 to highs near $0.7563 and closed flat near 0.7587. Japanese yen (USDJPY) fell against the dollar from highs near 108.79 yen per dollar to lows near 108.72 yen per dollar.
Bitcoin tumbled below $51,000 in early Asia trading.
Iron ore and gold were steady again overnight, trading near $160 a tonne and $1726 an ounce respectively.
Key events this week:
– US personal income and spending (Friday)
– Euro Summit (Friday)
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