Morning wrap (08.04.2021)

6:46 AM April 8, 2021
  • US indices finished yesterday's trading mixed. S&P 500 gained 0.15%, Dow Jones added 0.05%, Nasdaq finished 0.07% lower, a Russell 2000 dropped 1.60%

  • Indices in Asia traded mostly higher. S&P/ASX 200 gained 0.9%, Kospi added 0.1% and indices from China moved higher. Nikkei dropped 0.2%

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

  • Biden said he is ready to discuss proposals with corporate tax rate lower than 28%

  • There were no mentions of policy tightening or QE tapering in FOMC minutes

  • United States may announce further sanctions against Russia for interfering in elections

  • ECB Chief Economist Lane said that inflation is volatile due to pandemic but remains low. Central banker added that supportive monetary policy must be continued

  • Japanese media report that the country's authorities mull imposing stricter coronavirus restrictions in Tokyo and other regions once again. New Zealand suspended entry from India due to Covid-19

  • Australia's trade minister vowed to protect Australia's interest amid continued trade bullying from China

  • Bitcoin is trying to climb above $57,000

  • Precious metals advance with gold testing $1,740 mark. Oil and agricultural commodities pull back slightly. Industrial metals gain

  • AUD and NZD are the best performing major currencies while USD and CHF lag the most

Gold attempts to recover after painting a double bottom pattern at $1,680. Precious metal is testing the resistance zone at $1,740, that has halted the previous recovery attempt. Źródło: xStation5

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