Stocks Struggle Before Trade Accord; Bonds Gain: Markets Wrap

Stocks

• The Stoxx Europe 600 Index declined 0.1% as of 6:15 a.m. New York time.
• Futures on the S&P 500 Index dipped 0.1%.
• The U.K.’s FTSE 100 Index climbed 0.1%.
• The MSCI World Index was little changed.
• The MSCI Emerging Market Index fell 0.3%.

Currencies

• The Bloomberg Dollar Spot Index decreased 0.1%.
• The euro rose 0.2% to $1.115.
• The British pound was little changed at $1.3021.
• The Japanese yen strengthened 0.1% to 109.85 per dollar.

Bonds

• The yield on 10-year Treasuries declined two basis points to 1.79%.
• The yield on two-year Treasuries decreased one basis point to 1.56%.
• Germany’s 10-year yield dipped four basis points to -0.21%.
• Britain’s 10-year yield decreased seven basis points to 0.647%.
• Japan’s 10-year yield fell one basis point to 0.01%.

Commodities

• West Texas Intermediate crude decreased 0.1% to $58.18 a barrel.
• Gold strengthened 0.4% to $1,553.08 an ounce.

Here are some events to watch for this week:

• It’s earnings season for the biggest American financial institutions, with Bank of America Corp., Goldman Sachs Group Inc., Morgan Stanley and BlackRock Inc. among the next up.
• The Federal Reserve’s Beige Book report on regional economic conditions is due on Wednesday.
• China GDP, along with key monthly data for December, come on Friday.
• A final reading on the euro-zone’s December inflation is also due on Friday.