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European stocks are lower, and NY futures tumbled a day after closing at record highs as optimism about coronavirus vaccines waned. Procyclical sectors, including autos and travel, dragged down the EuroStoxx 600 Index slightly. Salesforce.com Inc. fell more than 4% in premarket trading after buying software maker Slack Technologies Inc. for $27.700 billion. Pfizer Inc. rose after its Covid-19 vaccine was authorized for deployment in the United Kingdom as early as next week. After vaccine breakthroughs fueled record monthly gains for global stocks, markets appear to have priced in a better health outlook, and investors are turning their attention to bonds. Fed Chairman Powell warned lawmakers that the U.S. economy remains in a weak and uncertain state in testimony at a hearing Tuesday before the Senate Banking Committee. Congressional efforts to pass additional coronavirus relief in the U.S. faltered Tuesday as House Speaker Nancy Pelosi unveiled a new Democratic proposal and Senate Majority Leader Mitch McConnell presented a revised smaller plan to his Republican colleagues. Stocks traded mixed in Asia, with China's second-largest smartphone maker, Xiaomi Corp., falling the most after disclosing a stock sale.
Fixed rent
The Treasury will auction $25.000 billion in 105-day bills; $30.000 billion in 154-day bills. December 3: The Treasury will auction $30.000 billion in 4-week bills, $35.000 billion in 8-week bills; and will announce plans for next week's auctions of 3-month bills, 6-month bills, 3-year notes, 10-year notes, and 30-year bonds. Treasury yields retreat after US stimulus plan rejection. Senate Majority Leader Mitch McConnell's rejection of the bipartisan plan continues the impasse over a coronavirus stimulus package, after months of congressional inaction. This is generating mixed signals. On the one hand, we see an increase in supply pushing up the curve, and on the other, fiscal stimulus is lacking, leaving yield increases limited. During the session, ADP's November private payroll figures due at 10:15 a.m. ET will be released. U.S. Treasury yields fell Wednesday morning. The 10-year Treasury yield fell to 0.926% at 5:23 a.m. ET, while the 30-year Treasury yield fell to 1.665%. Federal Reserve Chairman Jerome Powell will speak at 12 p.m. ET, along with Philadelphia Fed President Patrick Harker. Fed Vice Chair for Supervision Randal Quarles and New York Fed President John Williams will deliver speeches at 11 a.m. ET. Williams will speak again at 3 p.m. ET. In Europe, the British 10-year yield fell one basis point to 0,337%, the German 10-year yield fell less than a basis point to -0,53%, and in Asia, the Japanese 10-year yield gained one basis point to 0,026%. One of the biggest spikes of the year in Treasury yields on Tuesday has spurred speculation about the potential impact of rising rates on stocks and corporate debt.
Money Exchange
The Colombian peso (COP) continued its upward trend, appreciating 1,3% on Tuesday, closing at $3.550,00, its strongest level since March 5. With a slight increase in the dollar and a slight decline in oil prices at the opening bell, as well as less optimism in NY stock futures, the local currency's appreciation is losing momentum.
Variable income
U.S. stock futures are trading lower in premarket trading, signaling what could be a mild correction for the major benchmark indices and the broader global stock market. Dow Jones futures are down about 160 points, or 0.54%, while S&P 500 futures and Nasdaq 100 futures are down about 0% and 38%, respectively. Dow Jones component Salesforce announced it will acquire messaging platform Slack for $0.35 billion, marking the cloud software provider's largest-ever deal. However, Salesforce shares remain bearish in premarket trading. Although stocks are marking the end of their best month in decades, and positive news such as the rollout of the first vaccine in the UK and expectations for the US stimulus package remain high, investors appear to be taking a break from recent gains.
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