Global stocks advance with U.S. exchanges shut as traders wait for earnings reports

1/17/2022 7:25:00 PM

U.S. stocks look 'excessively expensive,' says one investor. Global stocks advanced Monday with the U.S. market closed.

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U.S. stocks look 'excessively expensive,' says one investor. Global stocks advanced Monday with the U.S. market closed.

Global stocks rose and U.S. futures were steady Monday, as investors focused on upcoming corporate earnings and rising interest rates with U.S. exchanges...

In Asia, the Nikkei 225 NIK, +0.74% rose 0.7% in Tokyo while the Hang Seng HSI, -0.68% retreated, with little movement generated by the People’s Bank of China decision to cut interest rates on its one-year facility by 10 basis points. The Stoxx Europe 600 SXXP, +0.70% rose 0.6% in afternoon action.

In morning action, the S&P TSX 60 SPTSE, +0.91% gained 0.3% in Toronto.U.S. stock futures ES00, +0.01% were little changed in electronic action, following two weeks in which the S&P 500 SPX, +0.08% has retreated by 2%. The tech heavy Nasdaq Composite COMP, +0.59% has dropped 5% this year.

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MLK Day 2022: What’s open, what’s closed on Monday?Does the mail run on MLK Day 2022? Are banks open? Is the MVC open? What is NJ Transit's schedule? The complete guide to Monday, Jan. 17 on Martin Luther King Jr. Day 2022. Are there, not is there. Work is never closing. Not even on holidays

January Wolf Moon to light up sky Monday night2022’s wolf moon is set to appear on Jan. 17 at 6:48 p.m. ET, according to NASA.

First full moon of 2022, January's Wolf Moon, rises Monday nightLook to the northeast sky to capture incredible photos of the moon as it rises above the horizon. Didn’t get Cheryl Scott today, but at least we saw Dionne. Trying to decide if I liked her better thin. Either way, she’s lovely! Cloudy or not then?

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First full moon of 2022, January's Wolf Moon, rises Monday nightLook to the northeast sky to capture incredible photos of the moon as it rises above the horizon. how did you take the photo before it happened? Get your crystals out… WolfMoon

Global stocks rose and U.Chicago Police Seek Driver Who Killed Woman in West Garfield Park Hit-and-Run "Initial reports from those that survived this avoidable tragedy are disturbing," Jack Casciato, partner at Clifford Law Offices, who represents McEwen's family, said in a news release.MLK Day 2022 is on Monday, Jan.Email article First full moon of 2020, wolf moon, shows up upon the harbor of Nea Artaki on the island Euboea, in Artaki on January 10, 2020.

S. futures were steady Monday, as investors focused on upcoming corporate earnings and rising interest rates with U. Certainly, this entire facility could have bene evacuated when it was believed a tornado was en route.S., who was assassinated in 1968. exchanges shut in observance of the Martin Luther King Jr. OSHA announced that it had opened an investigation in the days following the collapse. holiday.m.

In Asia, the Nikkei 225 NIK, +0. This article tagged under:. The Congressional Black Caucus collected six million signatures to help it become a federal holiday.74% rose 0.7% in Tokyo while the Hang Seng HSI, -0.68% retreated, with little movement generated by the People’s Bank of China decision to cut interest rates on its one-year facility by 10 basis points. s MLK Day a federal holiday? Yes. The Stoxx Europe 600 SXXP, +0. 10 For some parts of the world, the January's first full moon will be accompanied by a penumbral lunar eclipse.

70% rose 0.6% in afternoon action. It is one of several holidays where the date changes each year in accordance with the Uniform Monday Holiday Act. In morning action, the S&P TSX 60 SPTSE, +0.91% gained 0.3% in Toronto.. RELATED: SpaceX completes 2nd launch of 2022 with Transporter-3 mission According to the Maine Farmers' Almanac, this full moon is called the wolf moon based on stories about packs of wolves heard howling outside villages.

U.S. stock futures ES00, +0.01% were little changed in electronic action, following two weeks in which the S&P 500 SPX, +0.08% has retreated by 2%.

The tech heavy Nasdaq Composite COMP, +0.59% has dropped 5% this year. “Historically, the start of the year has been a poor indicator of what is to come for investment markets,” said Stuart Kirk, global head of research and responsible investments at HSBC Asset Management. Since the global financial crisis, the average MSCI World return to the end of the year following a negative first seven trading days has been nearly 11%, edging out the index performance after a positive first seven trading days, he notes. Corporate earnings are due from the banking sector, with Bank of America BAC, -1.

74% and Morgan Stanley MS, -3.58% set to release results, as well as more airlines and streaming giant Netflix NFLX, +1.25% expected to report results. U.K.

stocks have outperformed their U.S. counterparts as investors rotate into value sectors with bond yields on the rise. “We believe this move has further to run over coming months. The U.

K. still looks excessively cheap, with a price/earnings ratio some 30% lower than the rest of the world, and the U.S. excessively expensive with a valuation premium as high as 50%,” said Rupert Thompson, chief investment officer at U.K.

wealth management firm Kingswood. .