Morning wrap (27.11.2020)

9:39 am 27 November 2020

  • Stocks traded mostly higher during the Asian session. Nikkei gained 0.4%, Kospi added 0.3% and indices from China gained 0.3-0.5%. S&P/ASX 200 dropped 0.5%

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

  • Total confirmed coronavirus case count in Germany exceeded 1 million

  • AstraZeneca may hold another coronavirus vaccine trial after data from the first one was questioned

  • Trump said that deliveries of coronavirus vaccine in the United States will begin next week and front-line workers, medical staff as well as seniors will be the first ones to receive it

  • Negotiators from UK and EU will resume in-person talks in London this weekend. In other Brexit news, Reuters reported that decision on access of UK banks and financial firms to the European market will not be made this year

  • Germany looks to issue almost €180 billion on new debt in 2021

  • China plans to impose anti-dumping duties on Australian wine

  • Chinese industrial profits for October came in at 28.2% YoY

  • Bitcoin trades steady near $17,000 following yesterday's plunge

  • Commodities trade in narrow ranges

  • AUD and NZD are top moving major currencies while USD and CHF lag the most

Lower number of new coronavirus cases was reported yesterday as the Thanksgiving holiday limited testing capability of the United States. Source: worldometers, XTB

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