Morning wrap (04.02.2021)

07:30 4 February 2021
  • US indices finished yesterday's trading slightly above Tuesday's closing prices. S&P 500 gained 0.10%, Dow Jones added 0.14%, Russell 2000 moved 0.38% higher while Nasdaq declined 0.02%

  • Stocks in Asia are trading lower. Nikkei drops 1%, S&P/ASX 200 declines 0.9% while Kospi moves 1.4% lower. Indices from China trade lower as well

  • DAX futures point to a slightly lower opening of the European session

  • US House of Representatives passed $1.9 trillion economic stimulus deal proposed by Biden

  • OPEC+ pledged to continue efforts aimed at re-balancing of the oil market amid pandemic-fuelled surplus

  • Meeting between Janet Yellen and financial regulators will take place today. They will discuss market volatility amid GameStop situation

  • Biden's Secretary of Commerce nominee sees no reason to remove Huawei from restricted trade list

  • UK Chief Medical Officer Chris Whittly said that the country is past coronavirus peak

  • Luigi di Maio, leader of Five Star Movement, said that Italy needs an alternative to Draghi government

  • Precious metals are trading lower with platinum and silver dropping around 1.5% each. Oil gains

  • Bitcoin trades slightly below $38,000

  • AUD and USD are top performing major currencies while GBP and CHF lag the most

Almost 490 thousand new coronavirus cases were reported yesterday. Source: worldometers, XTB

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 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. XTB 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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