Morning wrap (03.12.2020)

• US indices finished yesterday's trading slightly higher. S&P 500 gained 0.18%, Dow Jones added 0.20% and Russell 2000 closed 0.19% higher. On the other hand, Nasdaq dropped 0.05%

• Mixed moods can be observed on the Asian stock exchanges. Nikkei trades flat, S&P/ASX 200 and Kospi gain while indices from China drop

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

• France threatens to veto Brexit deal if European chief negotiator Barnier concedes too much to the United Kingdom

• A record number of coronavirus deaths was reported yesterday - 12,378

• US House of Representatives passed a law that allows delisting of Chinese companies from US stock exchanges. It was already approved by the Senate and now it is up to Trump to sign it

• China allowed 4 Australian ships to enter ports and unload coal

• Los Angeles has issued a citywide stay-at-home order. Citizens are allowed to leave homes only to engage in essential activities

• China Caixin/Markit manufacturing PMI for November came in at 57.8 (exp. 56.8)

• Oil trades higher. Precious metals gain as well but silver is a laggard

• GBP, EUR and CHF are top moving major currencies while CAD, NZD and JPY lag the most

• Bitcoin dropped below $19,000

635,000 new coronavirus cases were reported yesterday as well as a record daily death toll (12,378). Source: worldometers, XTB