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DAX reaches all-time highs
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Russell 2000 plunges more than 2%
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US politics in the spotlight
European stock indices finished today's session mostly higher. The DAX climbed to all-time highs, yet the index cut most of the gains by the end of the day and finished 0.21% lower. FTSE 100 outperformed, but one should keep in mind that British markets were closed yesterday. Major US indices rose to fresh record highs, but pared some gains as well. Russell 2000 underperforms and is currently plunging 2.30%.
Investors pay attention to US politics as House of Representatives pushes for larger stimulus checks ($2,000 instead of $600). Latest headlines suggest that Senate Majority Leader Mitch McConnel has blocked Schumer’s bid to unanimously pass $2,000 checks. Meanwhile EU member states approved trade deal with the UK and the deal is expected to be signed Wednesday morning. Gold prices approached the $1,890 mark today but could not break above. The US dollar has been weakening against other major currencies. EURUSD rose 0.23% to 1.2240 in the evening.
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Create account Try a demo Download mobile app Download mobile appTomorrow Spain will release its CPI and HICP figures for December. In the afternoon investors might want to focus on a set of data from the United States including wholesale inventories, Chicago PMI, pending home sales as well as EIA’s crude oil inventories.
US30 has been retreating from its all-time highs along with other US indices. The index fell below 30,300 pts barrier and is currently testing the next support level at 30,200 pts. Source: xStation5
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