GLOBAL MARKETS-Stocks climb in anticipation of U.S. stimulus plan, yields up slightly

* 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.
Biden is expected to unveil a stimulus package proposal on
Thursday designed to jump-start the economy during the
coronavirus pandemic. "For 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 9988.HK , Tencent 0700.HK and Baidu 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. In 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. Benchmark 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. Oil 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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Global assets 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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