Morning wrap (08.12.2020)

• US indices finished yesterday's trading mixed. Dow Jones dropped 0.49%, S&P 500 closed 0.19% lower while Nasdaq gained 0.45%

• Mixed moods could be observed on the Asian stock exchanges today. Nikkei dropped 0.3%, S&P/ASX 200 gained 0.2%, Kospi declined 1.5% while most Chinese indices trade higher

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

• New York Times and Washington post reported that Pfizer will not be able to provide the US with another substantial shipment of coronavirus vaccine until June. Initial shipment will be enough to vaccinate 50 million citizens

• Boris Johnson is expected to head to Brussels today for in-person Brexit talk with European Commission President von der Leyen

• Revision of Japanese Q3 GDP showed growth of 5.3% QoQ, better than 5% QoQ signalled by flash release

• Japanese household spending increased 1.9% YoY in October (exp. +2.8% YoY)

• Precious metals gain but palladium lags. Oil is trading lower

• EUR, AUD and CAD are the best performing major currencies while CHF and GBP lag the most

• Bitcoin pulled back towards $19,000

Pandemic situation. Source: worldometers, XTB