Global Stocks Hit Record as U.S. Futures Steady

Tiger Newspress2021-04-16

(April 16) Global stocks hit record highs on Friday and U.S. futures were steady as a string of positive economic figures from America and China highlighted the strength of the recovery. Oil gained.

At 04:12 a.m. ET, Dow E-minis were up 7 points, or 0.02%, S&P 500 E-minis were down 3 points, or 0.07% and Nasdaq 100 E-minis were down 41.25 points, or 0.29%.

*Source From Tiger Trade, EST 04:12

Blockchain stocks fell in premarket trading.

Chinese electric vehicle stocks rally.

Xpeng rose more than 1%. XPeng establishes a long-term strategic partnership with Zhongsheng Group (OTCPK:ZSHGY) to further accelerate the Smart EV adoption in China.

Coinbase fell more than 2% in premarket trading.

ARK Investment Management took advantage of Coinbase's uninspiring second day of trading to add more shares to three ETFs.

Cathie Wood's shop has now bought $352M in COIN in two sessions, bringing exposure to more than 1M shares.

It bought 341,186 shares on Thursday, adding 33,092 to the ARK Fintech Innovation ETF (NYSEARCA:ARKF), 25,200 share to the ARK Next Generation Internet ETF (NYSEARCA:ARKW) and 282,894 shares to its flagship ARK Innovation ETF (NYSEARCA:ARKK).

Currencies

The Bloomberg Dollar Spot Index was little changed.The euro was little changed at $1.1969.The British pound sank 0.3% to $1.3742.The onshore yuan was little changed at 6.524 per dollar.The Japanese yen weakened 0.1% to 108.88 per dollar.

Bonds

The yield on 10-year Treasuries gained one basis point to 1.59%.The yield on two-year Treasuries climbed less than one basis point to 0.16%.Germany’s 10-year yield advanced three basis points to -0.26%.Britain’s 10-year yield jumped three basis points to 0.768%.Japan’s 10-year yield increased one basis point to 0.095%.

Commodities

West Texas Intermediate crude gained 0.2% to $63.59 a barrel.Brent crude gained 0.2% to $67.10 a barrel.Gold was little changed at $1,763.88 an ounce.

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