Bonds slip, stocks climb after Democrats win Senate

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Global stocks rose as investors bet Democrat control of the U.S. Congress would enable President-elect Joe Biden to borrow and spend heavily, with a bruised dollar hovering near its lowest in almost three years

U.S. Treasuries extended their steepest selloff in months after Democratic Party victories in two Georgia races handed them narrow control of the Senate, bolstering Biden’s power to pass his agenda.

Earlier, MSCI’s broadest index of Asia-Pacific shares outside Japan had risen 0.4% and Japan’s Nikkei hit its highest since 1990. FILE PHOTO: A man wearing a facial mask, following the coronavirus disease outbreak, stands in front of an electric board showing Nikkei and other countries stock index outside a brokerage at a business district in Tokyo, Japan, January 4, 2021. REUTERS/Kim Kyung-Hoon

“However, the dollar will remain weaker against commodity currencies like the Aussie and emerging market currencies.”Copper, a barometer for global growth, gained 0.3% to hover near an 8-year high.

 

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Almost 70% growth since March and that during a pandemic. It all seems very logical! I'm waiting for the BIG BANG.

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