The risk of slowing economic recovery increased with the lack of movement on another stimulus package. Federal Reserve Chairman Jerome Powell reiterated that “it is likely that additional budget support will be needed,” while Fed Bank of St. Louis Chairman James Bullard said the economy could be close to a “full recovery” by the end of the year. Meanwhile, Republican lawmakers have vowed that the presidential transition after the November election will go uninterrupted, berating President Donald Trump’s refusal to engage in a peaceful transfer of power.
Here are some of the main movements in the markets:
The S&P 500 was up 0.6% at 12:22 p.m. New York time.
The Stoxx Europe 600 index fell 1 percent.
The MSCI Asia Pacific Index fell 1.8 percent.
The Bloomberg Dollar Spot Index was down 0.1 percent.
The euro was little changed at US $ 1.1665.
The Japanese yen was little changed at 105.42 per dollar.
The yield on 10-year Treasury bills fell by less than a basis point to 0.67 percent.
Germany’s 10-year yield rose less than a basis point to -0.50 percent.
Britain’s 10-year yield rose less than a basis point to 0.219 percent.
West Texas Intermediate crude climbed 0.1 percent to US $ 39.98 a barrel.
Gold strengthened 0.4 percent to US $ 1,870.24 an ounce.
Silver strengthened 0.2 percent to US $ 22.82 an ounce.