- AstraZeneca will deliver 9 million more vaccine doses to EU
- Biden to meet with 10 GOP senators on COVID-19 relief proposal
- Reddit traders turned their attention on silver market
European indices managed to erase some of the last week losses during today’s session. DAX 30 rose 1.41%, CAC40 gained 1.16% and FTSE 100 finished 0.92% higher. EU president Ursula Von der Leyen said that AstraZeneca will deliver 40 million vaccine doses in the first quarter, which is 9 million more in comparison to last week’s offer. The biopharmaceutical company will also start deliveries a week earlier than planned. Meanwhile, the manufacturing PMI indices for the euro zone, Germany and France, were revised higher while unemployment in the euro zone remained stable at 8.3% in December. German retail sales figures disappointed due to tighter lockdown measures to curb the spread of Covid-19.
US indices are also trading higher as retail investors from Reddit focused on other markets such as silver, giving a break to the tech sector and hedge funds. Reddit posters claimed that banks have been manipulating prices, keeping them artificially low and covering a shortfall in physical supplies. Meanwhile, President Biden will meet 10 Republican senators in order to discuss an alternative COVID-19 relief package. On the data front, the ISM Manufacturing PMI came in below market projections, however still pointed to an 8th consecutive month of strong gains. This week investors will keep an eye on corporate quarterly results from major US companies including Alphabet, Amazon, Exxon Mobil and Pfizer.
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Create account Try a demo Download mobile app Download mobile appUS crude futures are trading 2.24% higher around $53.30 per barrel, while Brent contract rose 2.14% above $ 56.20 per barrel. Investors await the OPEC Joint Ministerial Monitoring Committee later in the week for fresh guidance on supply outlook. Elsewhere, gold is up 0.74% trading around $ 1,860.00 / oz, while silver jumped 7.3% and is trading around $ 29.00 / oz. Bitcoin is testing $33,600 level.
NZDUSD – price broke below the lower limit of the triangle pattern and 200 SMA (red line). Should downbeat moods prevail, support at 0.7132 may come into play. Source: xStation5
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