Morning wrap (06.01.2021)

08:19 6 January 2021
  • US indices finished yesterday's trading higher. S&P 500 gained 0.71%, Dow Jones added 0.55% and Nasdaq jumped 0.95%. Russell 2000 gained 1.71%

  • Stocks traded mostly lower during the Asian trading. Nikkei dropped 0.38%, S&P/ASX 200 moved 1.12% lower and Kospi declined 0.75%. Indices from China traded mixed

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

  • Media report that Democrat Raphael Warnock has won a Senate seat in one of the Georgia races. The second race is still too close to call

  • Bitcoin jumped above $35,000 for the first time

  • Trump issued executive order forbidding transactions with 8 software apps from China

  • OPEC+ agreed that Russia and Kazakhstan will increase production by a total of 75k bpd in February and another 75k bpd in March. Saudi Arabia voluntarily agreed to make a 1 million bpd production cut.

  • API data showed a 1.66 million barrel decline in oil inventories (exp. -1.5 mb)

  • Precious metals pull back while oil and agricultural commodities gain

  • AUD and NZD are the best performing major currencies while USD and JPY lag the most

Almost 685 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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