Stocks jump as oil tops $50, Georgia Senate race outcome ahead

Daniel Dubois vs. Joe Joyce, date, fight time, TV channel and live stream | DAZN News US

Stocks jump as oil tops $50, Georgia Senate race outcome ahead

Getty Images

Here's how to watch the British, Commonwealth and European heavyweight title clash between Daniel Dubois and Joe Joyce.

Daniel Dubois meets Joe Joyce on Saturday 28 at Church House, London, when the pair fight for the British, Commonwealth, European, and WBC silver heavyweight titles.

Queensberry Promotions head Frank Warren is looking forward to a clash that was postponed due to the coronavirus pandemic.

“Dubois versus Joyce is the best fight on the British boxing calendar and I want this to be something as many people as possible can enjoy,” he said.

“It’s a bonus that the added exposure gained from the fight will really help the boxers as they move forward with their careers.”

◇ Dubois and Joyce are both undefeated◇ Dubois and Joyce have never faced an opponent with a losing record◇ Dubois and Joyce have knocked out 24 of their 26 opponents

Two hungry heavyweights putting it all on the line this Saturday on BT Sport 1 HD


Global stock markets rise on prospect of Democrat-controlled Senate

Stocks jump as oil tops $50, Georgia Senate race outcome ahead

World stock markets have had a good day, boosted by the prospect of a Democrat-controlled US Senate, which could clear the way for more fiscal stimulus.

The Democrats are inching closer towards taking control of the upper chamber after Raphael Warnock, a pastor in Atlanta, won one of the two runoff elections for the Senate in Georgia. In the other race, Jon Ossoff declared victory over the Republican David Perdue as he widened the lead over his opponent even though the race was still too close to call.

On Wall Street, the Dow Jones has risen 0.89% while the S&P 500 is 0.2% ahead. The tech-heavy Nasdaq has lost 0.7%, amid fears that US tech giants will be subject to more regulation once Joe Biden becomes president.

  • UK’s FTSE 100 up 3.57% at 6,848
  • Germany’s Dax up 1.39% at 13,841
  • France’s CAC up 1.23% at 5,633
  • Italy’s FTSE MiB up 2.5% at 22,756

Oil prices have climbed and Brent crude hit an 11-month high of $54.09 this morning after Saudi Arabia, the world’s biggest oil producer, pledged to cut production by an additional 1m barrels per day in February and March. Copper prices rose to their highest level since 2013, as the dollar slipped.

Good-bye for today – and thank you for reading. We’ll be back tomorrow. – JK

3.12pm GMT 15:12

3.02pm GMT 15:02

Updated at 3.03pm GMT

2.56pm GMT 14:56

US private sector weakens in December

The US service industries expanded at a notably slower pace towards the end of the year, as a rise in coronavirus infections suppressed client demand.

The final reading for the IHS Markit US services index was 54.8 in December, down from 58.4 in November and also lower than the flash estimate of 55.3.

The IHS Markit composite index, which comprises data from service and manufacturing industries, also fell, to 55.3 in December, from 58.6 in November, to signal the slowest upturn in business activity for three months.

Chris Williamson, chief business economist at IHS Markit, says:

Rising virus case numbers took an increasing toll on the US economy in December, with business activity, order books and employment all growing at much reduced rates. The slowdown was especially steep in the service sector, where stricter social distancing measures hit consumer-facing businesses in particular.

While the survey data remained sufficiently resilient to indicate that GDP continued to expand at a relatively robust rate in the fourth quarter, the near-term outlook has deteriorated.

Business expectations for the coming year fell considerably compared to November, as some post-election exuberance waned and companies grew more anxious about the ongoing impact of the pandemic.

Rising case numbers represent an increased risk to the economy in the coming weeks, and hopes rest to a large extent on pandemic stimulus lifting the economy to prevent another downturn.

More encouragingly, businesses remain much more confident about the outlook in a year’s time than before the successful vaccine developments, reflecting greater optimism for prospects of life returning to normal in the second half of 2021.

2.41pm GMT 14:41

2.33pm GMT 14:33

2.30pm GMT 14:30

Bitcoin hits fresh all-time high above $35,000

Bitcoin, the world’s best-known cryptocurrency, has continued its remarkable rally and rose above $35,000 for the first time today. It hit $35,751 earlier and is now trading at $34,259.

The cryptocurrency quadrupled in value in 2020, as demand from institutional investors rose amid backing from several hedge fund managers, and some experts are touting it as an alternative to gold.

A further boost came from PayPal last autumn, when the bank announced it would allow customers to buy, sell and use the cryptocurrency.

Analysts have said this could be driving the price surge, by creating a shortage as PayPal buys up newly created bitcoins.

1.29pm GMT 13:29

EMA approves Moderna vaccine

12.19pm GMT 12:19

“,”author”:”Julia Kollewe”,”date_published”:”2021-01-06T15:24:57.000Z”,”lead_image_url”:””,”dek”:”Stocks rise on hopes for more US stimulus; tech-heavy Nasdaq down on fears of more regulation Oil prices hit 11-month high after Saudi Arabia pledges output cut European regulator approves Moderna vaccine Eurozone contraction worse than thought in December but optimism rises


Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: