Morning wrap (12.01.2021)

07:34 12 January 2021
  • US indices finished yesterday's trading lower with tech stocks taking the biggest hit. S&P 500 dropped 0.66%, Dow Jones declined 0.29% and Nasdaq finished 1.25% lower.

  • Mixed moods could have been spotted during the Asian trading hours. S&P/ASX 200 dropped 0.3%, Nikkei gained 0.2%, Kospi declined 0.9% and indices from China traded mostly higher

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

  • Fed's Kaplan said that he expects that discussions about tapering QE will begin this year if substantial progress is made

  • Japan mulls providing 400 thousand yen to small firms hit hard by the pandemic

  • Japan considers declaring a state of emergency in 3 more prefectures due to coronavirus. Malaysia has declared a state of emergency. Micronesia reported the first Covid-19 case. New Zealand tightened rules for testing people arriving into the country

  • Goldman Sachs expects Brent price to reach $65 this summer

  • UK Chancellor of the Exchequer Sunak said that UK economy will continue to lose momentum before situation improves

  • According to media reports, European Union prepares a Airbus-Boeing trade offer for Biden Administration

  • According to media reports, Canadian PM Trudeau may make changes to his cabinet today

  • Precious metals make big gains. Oil is trading higher as well

  • GBP and NZD are top performing major currencies while CHF and JPY lag the most

  • Bitcoin recovered towards $36,000

Almost 580 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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