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7:33 AM · 2 February 2021

Morning wrap (02.02.2021)

US indices finished yesterday's trading higher. S&P 500 gained 1.61%, Dow Jones added 0.76% and Nasdaq rallied 2.55%
Stocks in Asia traded higher as well. Nikkei gained 1%, S&P/ASX 200 added 1.5% and Kospi moved 1.4% higher. Indices from China advanced
DAX futures point to a higher opening of the European session
Silver is trading lower after COMEX announced increase in margin on silver futures trading
Reserve Bank of Australia left interest rates unchanged and said that they are not expected to rise until 2024
Meeting between Biden and Republican senators did not result in an agreement. Differences remain but follow-up meetings are expected
China called on the United States to put their relationship back on predictable and constructive track
Bitcoin trades slightly below $34,000 mark
Oil is trading higher while precious metals are moving lower
NZD and CAD are top performing major currencies while AUD and CHF lag the most

Less than 400 thousand new coronavirus cases were reported yesterday for the second day in a row. Source: worldometers, XTB

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Commodities

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