investing.com 06 Jan, 2021 02:30 am

Stocks fall, bond yields rise as investors brace for possible Democrat triumph in Georgia By Reuters

Stocks fall, bond yields rise as investors brace for possible Democrat triumph in Georgia

Along with their narrow majority in the House of Representatives, a 'blue sweep' of Congress could usher in larger fiscal stimulus and pave the way for President-elect Joe Biden to push through greater corporate regulation and higher taxes.dollar hit a new low before bouncing back on the prospects of the 'blue sweep' in Georgia.Treasuries yield rose to as high as 0.The euro rose to as high as $1.

Oil prices held firm, maintaining their gains of nearly 5% made on Tuesday after Saudi Arabia offered to make voluntary cuts to its oil output.Spot gold held firm at $1,948.

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