cloudy.png
Sunday January 17th, 2021 8:30AM

Global stocks mixed after Wall St rebounds from uncertainty

By The Associated Press
Related Articles
  Contact Editor

BEIJING (AP) — Global stocks were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week's attack on the U.S. Capitol.

London and Frankfurt opened little-changed. Tokyo, Sydney and Seoul advanced. Shanghai and Hong Kong declined.

U.S. futures gained after Wall Street's benchmark S&P 500 index rose overnight, recovering from the previous day's decline.

Analysts suggested investors were more focused on President-elect Joe Biden's economic stimulus plans after he takes office next week than on the aftermath of last week's turmoil.

Democrats in Congress are discussing possibly impeaching Trump for encouraging supporters who attacked the Capitol, but the president has taken few official actions since then.

“Hopes are pinned on the incoming Biden administration, leveraging Democrat Senate majority, to emphatically tackle COVID,” Mizuho Bank said in a report.

In early trading, the FTSE 100 in London was up less than 0.1% at 6,758.20. The DAX in Frankfurt rose less than 0.1% to 13,931.37. The CAC 40 in Paris added 0.2% to 5,663.73.

On Wall Street, the future for the S&P 500 was up 0.2% and that for the Dow Jones Industrial Average was up 0.1%.

On Tuesday, the S&P 500 rose less than 0.1%. The Dow gained 0.2% and the Nasdaq composite added 0.3%.

In Asia, the Shanghai Composite Index lost 0.3% to 3,598.65 while the Nikkei 225 in Tokyo advanced 1% to 28,456.59. The Hang Seng in Hong Kong shed 0.2% to 28,235.60.

The Kospi in Seoul added 0.7% to 3,148.29 and the S&P-ASX 200 in Sydney was up 0.1% at 6,686.60.

India's Sensex lost 0.9% to 49,118.50. New Zealand declined while Southeast Asian markets advanced.

Investor hopes have been boosted by the rollout of coronavirus vaccines. Markets have risen despite a spike in case numbers in the United States and some other countries.

In the United States, those hopes have been encouraged by the shift in control of the Senate from Republicans to Biden's Democratic Party. That might reduce the likelihood of political opposition if Biden introduces a more ambitious stimulus plan. He has said he will release details Thursday.

In energy markets, benchmark U.S. crude rose 30 cents to $53.51 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 96 cents on Tuesday to $53.21. Brent crude, used to price international oils, gained 34 cents to $56.92 per barrel in London. It gained 92 cents the previous session to $56.58.

The dollar declined to 103.77 yen from Tuesday's 103.83. The euro fell to $1.2196 from $1.2201.

  • Associated Categories: Associated Press (AP), AP Online Headlines - Washington, AP Online Congress News, AP Business, AP Business - Economy, AP Business - Financial Markets
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Global stocks mixed after Wall St rebounds from uncertainty
Global stock markets are mixed after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump
3:54AM ( 12 minutes ago )
US won't observe Uganda's election as accreditations denied
The United States ambassador to Uganda says the embassy has canceled plans to observe the country's presidential election on Thursday
3:33AM ( 32 minutes ago )
Brady vs. Brees: A matchup for the ages and aged
The NFL has never seen a playoff matchup quite like the upcoming one between Tom Brady’s Tampa Bay Buccaneers and Drew Brees’ New Orleans Saints
3:11AM ( 55 minutes ago )
Associated Press (AP)
Nostalgia for old era challenges Tunisia’s democratic gains
A lawmaker nostalgic for Tunisia's past has become one of the country’s most popular and most controversial politicians
2:32AM ( 1 hour ago )
Asian stocks mixed after Wall St rebounds from uncertainty
Asian stock markets are mixed after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump
2:16AM ( 1 hour ago )
YouTube suspends Trump’s channel for at least a week
YouTube said it would be suspending U.S. President Donald Trump’s channel for at least a week amid concerns around “ongoing potential for violence,” making it the latest platform to limit the president’s online activities
2:07AM ( 1 hour ago )
AP Online Headlines - Washington
The Latest: House urges Pence to remove Trump from power
The House has voted to urge Vice President Mike Pence to invoke the 25th Amendment to the Constitution and hold a Cabinet vote to remove President Donald Trump from office
11:28PM ( 4 hours ago )
Schumer calls for speedy confirmation of Biden Cabinet picks
Senate Minority Leader Chuck Schumer says the violent mob at the Capitol last week underscores the need for a swift confirmation of President-elect Joe Biden’s national security picks
11:07PM ( 4 hours ago )
House ready to ask VP to help oust Trump; impeachment next
With impeachment ahead, the House is trying to push the vice president and Cabinet to act even more quickly to remove President Donald Trump from office
11:04PM ( 5 hours ago )
AP Online Congress News
Indonesia starts mass COVID-19 vaccinations with president
Indonesian President Joko Widodo has received the first shot of a Chinese-made COVID-19 vaccine after Indonesia approved it for emergency use
2:14AM ( 1 hour ago )
Indonesian searchers hunt for crashed plane's voice recorder
Divers looking for a crashed plane’s cockpit voice recorder were searching in mud and plane debris on the seabed between Indonesian islands
12:52AM ( 3 hours ago )
Indian partying hotspot Goa counts losses, braces for change
The sun's golden rays fall on Goa's smooth, sandy beaches every evening, magical as ever but strangely quiet and lonely
12:49AM ( 3 hours ago )
AP Business
As pandemic worsens, most US states resist restrictions
As the U.S. finds itself in the most lethal phase of the coronavirus outbreak yet, governors and local officials in hard-hit parts of the country are showing little willingness to impose any new restrictions on businesses to stop the spread
7:14PM ( 8 hours ago )
Stocks notch gains on Wall Street; Treasury yields climb
Stocks shook off a midday slide and ended broadly higher on Wall Street
4:50PM ( 11 hours ago )
Stocks drift on Wall Street; Treasury yields keep rallying
U.S. stocks are drifting near their record heights Tuesday, while Treasury yields keep marching higher amid expectations that the economy will pull out of its slump after a powerful recovery sweeps the globe later this year
3:23PM ( 12 hours ago )
AP Business - Economy
Stocks slip as Wall Street takes a breather after 4-day run
Stocks closed lower on Wall Street Monday as trading cools in markets around the world following record-setting runs
4:08PM ( 1 day ago )
Stocks open lower on Wall Street, pulling back from records
Stocks are opening lower on Wall Street as traders pull back following a strong first week of trading for the year that brought more record highs
9:45AM ( 1 day ago )
Global shares fall as pandemic fears overshadow aid hopes
Global shares are mostly lower as worries over damage from the pandemic overshadow hopes for more aid for the U.S. economy
4:27AM ( 1 day ago )
AP Business - Financial Markets
US won't observe Uganda's election as accreditations denied
The United States ambassador to Uganda says the embassy has canceled plans to observe the country's presidential election on Thursday
3:33AM ( 32 minutes ago )
Brady vs. Brees: A matchup for the ages and aged
The NFL has never seen a playoff matchup quite like the upcoming one between Tom Brady’s Tampa Bay Buccaneers and Drew Brees’ New Orleans Saints
3:11AM ( 55 minutes ago )
Friends as playoff foes: Packers' LaFleur faces Rams' McVay
Green Bay Packers coach Matt LaFleur and Los Angeles Rams coach Sean McVay say their friendship and shared history shouldn’t have much of an impact on their teams’ upcoming NFC divisional playoff matchup
3:06AM ( 59 minutes ago )
Trump on verge of 2nd impeachment after Capitol siege
President Donald Trump is on the verge of being impeached for a second time
3:06AM ( 1 hour ago )
Another tournament in Hawaii, a fresh start for most players
Collin Morikawa is among 31 players who are spending a second straight week in Hawaii
3:02AM ( 1 hour ago )