Morning wrap (23.11.2020)

9:30 am 23 November 2020

  • Stocks in Asia-Pacific started the week higher. S&P/ASX 200 gains 0.3%, Kospi adds 1.9% and indices from China trade over 1% higher. Japanese stock exchanges were shut for holiday

  • DAX futures point to a flat opening of the European cash session

  • Sky News reports that Brexit deal is 95% agreed on but some differences remain (fisheries, governance and competition)

  • US Food and Drug Administration issued emergency approval for Regeneron coronavirus treatment. According to media reports, UK may approve Pfizer coronavirus vaccine this week

  • US will add 4 Chinese companies to Pentagon blacklist while addition of another 89 is being considered

  • United States reported over 200,000 new coronavirus cases on Friday, daily record for a single country

  • ECB Chief Economist Lane said that new restrictions will lead to a smaller drop in economic activity than restrictions from the first half of the year

  • Australian manufacturing PMI for November came in at 56.1 (prev. 54.2) while services gauge reached 54.9 (prev. 53.7)

  • Singapore GDP for Q3 came in at 9.2% QoQ (exp. 9.5% QoQ(

  • Broad gains can be spotted on commodity markets with agriculture, oil and precious metal gaining

  • NZD and AUD are top moving major currencies while USD and JPY lag the most. Most EM currencies gain against US dollar

Pandemic situation. United States reported over 200,000 new cases on Friday. Source: worldometers, XTB

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