Stocks rose as the busiest day of the earnings season began, with a decline in Treasury yields boosting risk sentiment. The Stoxx Europe 600 climbed to a record high, while futures on the S&P 500 and Nasdaq 100 edged higher.
A sense of calm returned to global markets after the recent volatility sparked by trade policies. Investors are now focusing on interest rates, economic growth, and corporate earnings. The 10-year Treasury yield hovered near its lowest level since mid-December, with Treasury Secretary Scott Bessent prioritizing this measure over the Federal Reserve’s benchmark short-term interest rate.
In European markets, Societe Generale SA and AstraZeneca Plc gained after beating earnings expectations, while Kering SA fell after announcing the departure of Gucci creative director Sabato de Sarno. German factory orders surged in December, adding to evidence that the sector may be improving.
Economic news includes the Bank of England’s expected rate cut and US data on jobless claims and payrolls reports. Key events this week include Eurozone retail sales, the UK rate decision, and Amazon earnings.
Market moves saw stocks rise, with futures on the S&P 500 and Nasdaq 100 edged higher. Currencies experienced fluctuations, while cryptocurrencies like Bitcoin rose 1.3%. The yield on 10-year Treasuries advanced two basis points to 4.44%, while Brent crude rose 0.2% to $74.74 a barrel.
As the earnings season continues, investors will be watching for insights into interest rates, economic growth, and corporate performance.
Source: https://finance.yahoo.com/news/asian-stocks-rise-wall-street-223706738.html