Biden was formally recognized by Congress as the next U.S. president early Thursday, a day after demonstrators overpowered police and stormed through the Capitol building in a scene of unprecedented turmoil in Washington. Present Donald Trump released a statement pledging “an orderly transition” after Congress certified the results. Despite the disruption, markets showed little sign of worry and trading throughout the day was normal. Bullish themes, such as the prospect for more U.S. stimulus spending in a Democrat-controlled Congress and the vaccine rollout, have dominated investor attention.
Stocks
Futures on the S&P 500 Index increased 0.1% as of 11:47 a.m. London time.
The Stoxx Europe 600 Index rose 0.2%.
The MSCI Asia Pacific Index climbed 0.8%.
The MSCI Emerging Market Index gained 0.2%.
Currencies
The Bloomberg Dollar Spot Index rose 0.5% to 1,119.65.
The euro fell 0.5% to $1.2263.
The British pound dipped 0.2% to $1.3577.
The Japanese yen weakened 0.6% to 103.64 per dollar.
Bonds
The yield on 10-year Treasuries rose less than one basis point to 1.04%.
The yield on two-year Treasuries was unchanged at 0.14%.
Germany’s 10-year yield decreased two basis points to -0.54%.
Britain’s 10-year yield gained less than one basis point to 0.245%.
Commodities
West Texas Intermediate crude rose 0.3% to $50.70 a barrel.
Gold weakened 0.1% to $1,917.33 an ounce.
Source: FXPro