CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Daily summary: Indecision dominates stock markets

18:26 12 January 2021
  • European bourses extended losses
  • Wall Street little-changed on Tuesday
  • Brent crude at highest level since February

European indices finished today's session mostly in red amid caution trading. DAX 30 closed down 0.1% lower, CAC 40 fell 0.2% and FTSE 100 dropped 0.7%. Concerns regarding the pandemic mounted after Spanish Health Ministry reported 61,422 new cases on Monday, the highest weekend figure so far. Hospitalizations also surged, bringing the total number of active COVID-19 patients to 16,792, with the situation in intensive care units becoming critical. Meanwhile France has been struggling with the pace of inoculation amid widespread skepticism, with polls suggesting up to 60% do not wish to be vaccinated.  German government is considering extending the current restrictions until late March, as the infection rate has been rising to 165 cases per 100,000 people on Tuesday, more than three times above the government’s goal. Germany started vaccination at the end of December, but an impact will only be seen in a few months as progress has been slow.

US indices erased early gains and are trading slightly lower ahead of the start of corporate America's reporting season. JPMorgan, Citigroup and other big banks will report their quarterly results on Friday. Meanwhile political turmoil weighed on market sentiment. Yesterday House Democrats introduced an article of impeachment against President Trump and give him one last chance to leave office days before his term expires or face an unprecedented second impeachment over his supporters' storming of the U.S. Capitol last week. Meanwhile the President-elect Joe Biden is expected to unveil details about more economic stimulus on Thursday. On the corporate front, General Motors (GM.US) shares rose more than 5% after the company outlined plans for its first BrightDrop electric commercial vans to be delivered to FedEx (FDX.US) by year-end.  Tesla (TSLA.US) shares jumped over 6.0% as a regulatory filing showed the company is preparing to launch its business in India later this year by registering a company in the country. Uber (UBER.US) stock surged 7% and reached a new record high after company expanded its electric vehicle and hybrid ride option to over 1,400 new cities in the US.

US crude futures are trading 1.47% higher at $53.00 per barrel, while Brent contract rose 1.53% above $ 56.00 per barrel for the first time since February. Elsewhere, gold futures fell 0.25% to $ 1,840.00 / oz, while silver is trading 1.78% higher near $ 25.36 / oz. Bitcoin is trading above $ 35,000 level.

General Motors (GM.US) stock managed to break above the upper limit of the ascending channel and reached a fresh all-time high at $ 49.01. Source: xStation5

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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