US indices soared higher yesterday on good earnings reports from tech stocks but that mood hasn’t translated to the European session. Obviously the main focus remains on the virus but the macro data does not help. The Italian Q4 GDP unexpectedly shrank by as much as 0.3% and a similar report showed a 0.1% contraction in France. Only Spain delivered a positive report with expansion of 0.5% q/q. Let’s recall that the Italian index (ITA40) was at the highest level in more than 11 years earlier this week.

Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
US100 loses 1.5% 📉
US Open: Cisco Systems slides 10% after earnings 📉 Mixed sentiments on Wall Street
BREAKING: US jobless claims slightly higher than expected