Morning wrap (08.02.2021)

7:37 AM 8 February 2021
  • Stocks in Asia trade higher at the beginning of a new week. Nikkei gained 2.12% and closed at the highest level since August 1990. S&P/ASX 200 gained 0.6% while Kospi dropped 0.8%.

  • S&P 500 futures has hit 3,900 pts mark over the night

  • DAX futures trade at an all-time high and point to a higher opening of the European session

  • Janet Yellen said that the US economy may reach full employment if $1.9 trillion stimulus deal is approved

  • Coronavirus vaccine from AstraZeneca is not effective against South African variant of the virus

  • Fitch affirmed Japan's rating at "A" with negative outlook

  • Brent has hit $60 by the end of Asian session

  • US 30-year yield has hit 2% for the first time since late-February 2020

  • Bitcoin rallied above the $40,000 mark over the weekend. However part of the gains has been trimmed since and the coin now trades near $39,000

  • AUD and NZD are top performing major currencies while JPY and CHF lag the most

When it comes to new cases being reported, global coronavirus pandemic continues to show signs of easing. Source: worldometers, XTB

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