Stock Market Today: Dow, S&P Live Updates for June 14, 2021 - Bloomberg

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Treasury yields edged higher Monday as investors prepared for a key Federal Reserve meeting later in the week. Stocks were mixed in thin trading.

Ten-year Treasury yields inched up to around 1.46% after hitting three-month lows on Thursday and notching their biggest weekly slide since December last week. Stocks saw modest gains in Japan and South Korea. Trading volumes were light with a number of holidays in the region including in Australia, China and Hong Kong. U.S. futures edged up after stocks staged a late rally Friday, closing at another new high after a choppy day of trading.

The dollar was steady against Group-of-10 peers in the wake of a Group-of-Seven leadership meeting that emphasized unity.

With Treasury yields trending downward, investors are anticipating the Fed will reaffirm that its ultra-loose policy remains appropriate, and that it’s too soon to start even contemplating tapering bond purchases. Still, officials could project interest-rate liftoff in 2023 amid faster economic growth and inflation, according to economists surveyed by Bloomberg.

“The FOMC continues to see the jump in inflation as transitory, and may acknowledge, even at the margin, that they are discussing the pace of monthly purchases but won’t yet commit to a date for slowing the purchases,” said Prudential Financial Inc. strategist Quincy Krosby in emailed comments.

Elsewhere, Bitcoin jumped over the weekend after Elon Musk said Tesla would resume transactions with the cryptocurrency when mining it is done with more clean energy. Oil futures advanced.

For market commentary, follow the MLIV blog.

Here are some key events to watch this week:

• NATO holds a summit on Monday
• An EU-U.S. summit takes place in Brussels on Tuesday
• Data on U.S. industrial production, producer prices and retail sales come Tuesday
• The Federal Open Market Committee rate decision comes on Wednesday, with a news conference from Jerome Powell after
• U.S. President Joe Biden and Russia’s Vladimir Putin meet Wednesday in Geneva
• U.S. Treasury Secretary Janet Yellen testifies before a House panel Thursday on the federal budget
• Rate decisions come from Switzerland and Norway on Thursday
• The Bank of Japan’s monetary policy decision is on Friday

These are some of the main moves in markets:

Stocks

• S&P 500 futures rose 0.1% as of 1:00 p.m. in Tokyo. The benchmark climbed 0.2% to a record high Friday.
• Japan’s Topix Index gained 0.3%.
• South Korea’s Kospi Index advanced 0.1%.

Currencies

• The Bloomberg Dollar Spot Index was steady.
• The euro slid 0.1% to $1.2099.
• The British pound was steady at $1.4110.
• The Japanese yen gained 0.1% to 109.77 per dollar.

Bonds

• The yield on 10-year Treasuries advanced about one basis point to 1.46%.

Commodities

• West Texas Intermediate crude rose 0.4% to $71.20 per barrel.
• Gold fell 0.8% to $1,863.02 an ounce.

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