Morning wrap

8:28 AM September 18, 2020

• US indices finished Thursday's session lower. The Dow Jones fell 0.5% while S&P 500 lost 0.8% and Nasdaq dropped 1.3%
• Mixed moods prevail in the Asian markets today. Nikkei rose 0.08%, Kospi fell 0.06%  and Hang Seng gain 0.21%. S&P/ASX 200 dropped 0.12%. Dax futures point to a lower opening of the European session
• WHO Thursday warned of "alarming rates of transmission" across Europe and cautioned against shortening quarantine periods
• OPEC+ said Thursday that the group will take action on members that are not complying with massive output cuts to support the global oil market
• China will conduct military drill near the Taiwan Strait to safeguard its territorial integrity
• Japan's consumer price inflation dropped to 0.2 % yoy in August from 0.3 % in July 2020
• US crude production restarts after Hurricane Sally passed through the Gulf of Mexico
• China state media warn, that if US will support Taiwan to become a UN member, then China shall use non-peaceful means to solve the Taiwan question once and for all
• UK scientific advisers recommend another two weeks national lockdown
• NZD and CHF are leaders among major currencies while GBP and CAD lag the most
More than 314,000 new Covid-19 cases were reported yesterday, which is the highest daily rise since the pandemic begin. Source: worldometers, XTB

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