Morning wrap (28.01.2021)

07:33 28 January 2021
  • US stocks markets dropped significantly yesterday. S&P 500 declined 2.57%, Dow Jones dropped 2.05%, Nasdaq slipped 2.61% and Russell 2000 finished 1.91% lower

  • Declines can also be spotted on the Asian markets. Nikkei declines 1.5%, Kospi drops 2%, S&P/ASX 200 moves 1.9% lower. Indices from China decline

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

  • FOMC left rates unchanged yesterday. Powell said that monetary policy will remain loose as economic recovery has moderated recently

  • SEC said it is monitoring volatility in options and equity markets following massive gains on small-cap stocks fuelled by retail investors

  • US Secretary of State Antony Blinken said that United States will stand against China's pressures in South China Sea

  • Pfizer said that its coronavirus vaccine neutralizes new virus variants. AstraZeneca and European Union did not resolve row over vaccine delivery delays

  • Travel bubble between Australia and New Zealand has been suspended for 72 hours

  • Japanese retail sales declined 0.3% YoY in December (exp. -0.4% YoY)

  • Apple reported better-than-expected earnings for Q4 2020. Sales came in at $111.44 billion (exp. $103.12 billion) while EPS reached $1.68 (exp. $1.42). iPhone sales reached $65.6 billion (exp. $60.3 billion)

  • Facebook reported revenue of $28.1 billion (exp. $26.4 billion) and EPS of $3.88 (exp. $3.22). Number of monthly active users increased to 2.8 billion. Mark Zuckerberg said that his company will work to limit political discussions on Facebook

  • Tesla reported EPS of $0.80 (exp. $1.03) and sales of $10.74 billion (exp. $10.4 billion). Elon Musk said that company is aiming for a 50% growth rate in deliveries in 2021

  • Bitcoin recovers from recent declines and climbs to $31,500

  • Agricultural commodities, oil and precious metals trade lower

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

590 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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