Morning wrap (04.12.2020)

7:33 AM 4 December 2020
  • US indices finished yesterday trading higher. Dow Jones gained 0.29%, Nasdaq added 0.23% and Russell 2000 jumped 0.52%. S&P 500 closed 0.06% lower

  • Stocks in Asia gained as well. S&P/ASX 200 gained 0.3%, Kospi added 1.3% and indices from China trade higher. Nikkei closed 0.2% lower

  • DAX futures point to a flat opening of the European session

  • Record numbers of coronavirus cases (almost 680 thousand) and deaths (around 12,700) were reported yesterday

  • Pfizer has lowered the rollout target for its vaccine due to supply chain issues. Company now expects to deliver half of doses it has planned

  • OPEC+ decided to increase production by 500k barrels per day starting from January. Oil producers will meet each month to decide what to do next

  • United States added 4 Chinese companies to the blacklist

  • China plans to build 10,000 kilometers of intercity railway

  • Australian retail sales increased 1.4% MoM in October (exp. +1.6% MoM)

  • Oil is trading higher along with precious metals

  • EUR, CAD and GBP are top moving major currencies while NZD, JPY and AUD lag the most. EM currencies trade lower against the US dollar

Record numbers of coronavirus cases and deaths were reported yesterday. Source: worldometers, XTB

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