* Dow, Nasdaq hit record highs in early New York trading
* U.S. bond yields, dollar slightly higher
* Biden to unveil stimulus proposal (Updates with early U.S. markets activity; changes dateline, previous LONDON)
By Caroline Valetkevitch
NEW YORK, Jan 14 (Reuters) - Stocks on world indexes climbed and U.S. bond yields held slightly higher on Thursday as investors focused on President-elect Joe Biden's pandemic aid proposal.
On Wall Street, the Dow and Nasdaq rose to record highs early. is expected to unveil a stimulus package proposal on Thursday designed to jump-start the economy during the coronavirus pandemic. a while investors have been looking forward to what the picture might be like once the vaccine is fully distributed and the worst parts of the pandemic over," said Rick Meckler, partner, Cherry Lane Investments, a family investment office in New Vernon, New Jersey.
"There is a little bit of a fear of 'sell on the news' that when (stimulus) is actually introduced, it won't be as large as some people like or it's possible that market will start to look at how it's going to be paid for."
The Dow Jones Industrial Average .DJI rose 117.32 points, or 0.38%, to 31,177.79, the S&P 500 .SPX gained 9.61 points, or 0.25%, to 3,819.45 and the Nasdaq Composite .IXIC added 82.92 points, or 0.63%, to 13,211.87.
The pan-European STOXX 600 index .STOXX rose 0.67% and MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.41%.
Earlier, the Hong Kong-listed shares of Chinese tech giants Alibaba (NYSE:BABA) 9988.HK , Tencent 0700.HK and Baidu (NASDAQ:BIDU) 600865.SS all rose sharply after sources told Reuters and the Wall Street Journal that plans to extend a U.S. investment ban to the firms' stocks had been scrapped. the currency market, the dollar index =USD rose 0.031%, with the euro EUR= down 0.14% to $1.214.
Bitcoin BTC=BTSP held gains after a slide of nearly $12,000 from last week's record high of $42,000. It briefly hit $40,000 on Thursday. 10-year notes US10YT=RR last fell 2/32 in price to yield 1.0934%, from 1.088% late on Wednesday.
Since the beginning of the month, 10-year yields have climbed more than 20 basis points. prices were lower, as surging global coronavirus cases and new lockdowns overshadowed bullish signals from Chinese import data and U.S. crude oil stocks draws.
Spot gold XAU= added 0.3% to $1,848.06 an ounce.
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http://tmsnrt.rs/2jvdmXl Global currencies vs. dollar
http://tmsnrt.rs/2egbfVh Emerging markets
http://tmsnrt.rs/2ihRugV MSCI All Country World Index Market Cap
http://tmsnrt.rs/2EmTD6j US, euro area inflation expectations
https://tmsnrt.rs/35FeBcT Mixed fortunes for Chinese firms facing U.S. blacklist worries
https://tmsnrt.rs/3qdVVZw
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