07:38 · 26 January 2021

Morning wrap (26.01.2021)

  • US indices finished yesterday's trading mixed. S&P 500 gained 0.36%, Dow Jones dropped 0.12%, Nasdaq added 0.69% and Russell 2000 declined 0.25%

  • Stocks in Asia traded lower today. Nikkei dropped 1%, Kospi declined 1.8% and indices from China moved lower

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

  • Italian Prime Minister Conte is expected to resign today and move to form new government

  • Biden said United States should be able to vaccinate 1 million persons per day in about 3 weeks

  • AstraZeneca rejected reports saying that its vaccine had 8% efficacy in people aged over 65

  • Janet Yellen was confirmed by US Senate as next Treasury Secretary

  • New Zealand will sign a new free trade agreement with China today

  • Japan is considering extension to state of emergency

  • South Korean GDP increased 1.1% QoQ in Q4 2020 (exp. 0.9% QoQ)

  • China plans to conduct military exercises in the South China Sea in the coming days

  • Bitcoin trades slightly above $31,500

  • Precious metals and oil decline

  • USD and JPY are top performing major currencies while AUD, CAD and NZD lag the most

Around 450 thousand new coronavirus cases were reported yesterday, the lowest number of infections since December 27. Source: worldometers, XTB

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