Morning wrap (26.01.2021)

06:38 26 January 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

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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