• Mixed moods on Wall Street
• US 7-day average Covid-19 cases hit fresh record
European stocks finished the day lower as investors remain concerned that a surging number of new COVID-19 infections across Europe will hamper economic recovery. Germany is considering new rules in order to contain the spread of the pandemic, while Spain and Italy both extended restrictions recently. Also lack of progress on a Brexit trade deal continued to weigh on sentiment. On the earnings front, Novartis, HSBC Holdings, Santander, BP, Capgemini and Covestro posted better-than-expected quarterly figures. During today’s session Dax fell almost 1%, CAC 40 dropped 1.8 % and FTSE finished 1.09 % lower.
GBPUSD – during today’s session pair bounced off the major support at 1.30, which is additionally strengthened by 50 SMA (green line) and the upward trendline. Should upbeat moods prevail, resistance at 1.3238 may come into play. Source: xStation5
Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
US100 loses 1.5% 📉
🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause
Cocoa falls 2.5% to the lowest level since October 2023 📉