Morning wrap (24.02.2021)

07:29 24 February 2021
  • US indices finished yesterday's trading mixed. S&P 500 gained 0.13%, Dow Jones added 0.05%, Nasdaq dropped 0.5% and Russell 2000 declined 0.88%

  • Stocks in Asia dropped. Nikkei dropped 1.6%, S&P/ASX 200 declined 0.9% and Kospi moved 2% lower. Indices from China drop over 2% each

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

  • Reserve Bank of New Zealand left interest rates unchanged at today's meeting. RBNZ said that the economic outlook remains uncertain and asset purchases are still needed. Scale of QE was left unchanged

  • US House will vote on Biden's $1.9 trillion stimulus bill on Friday at 2:00 pm GMT

  • Japan finance minister said that no new stimulus is being considered beyond what was already announced

  • Oil trades lower after API report showed 1 million barrel increase in oil inventories (exp. -5.3 mb)

  • Precious metals trade mixed - palladium and gold gain while silver and platinum decline

  • Bitcoin climbed back to $50,000 area

  • NZD and GBP are top performing major currencies. JPY and CHF are top laggards

370 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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