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US indices finished yesterday's trading higher. S&P 500 and Nasdaq closed at record highs gaining 0.28% and 0.50% respectively. Dow Jones added 0.35% while Russell 2000 finished 1.41% higher
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Upbeat moods continued into Asian trading. Nikkei gained 1.2%, S&P/ASX 200 added 0.6% and Kospi jumped almost 2%. Indices from China traded lower
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Mnuchin presented a $918 billion stimulus plan to Democratic leaders. However, Nancy Pelosi and Chuck Schumer rejected the proposal. It has included $600 stimulus checks but also lower unemployment benefits
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Ursula von der Leyen will hold a meeting with Boris Johnson this evening
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Donald Trump said yesterday that he expects news on more vaccines very soon
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Chinese CPI inflation for November came in at -0.5% YoY (exp. 0% YoY). This was the first negative year-over-year reading in over a decade
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Japanese machinery tool orders increased 17.1% MoM in October (exp. +2.8% MoM)
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API report suggest a 1.14 mb build in oil inventories (exp. -1.5 mb)
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Precious metals trade mixed - platinum and palladium gain while silver and gold drop. Oil trade lower
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AUD and NZD are top performing major currencies while JPY and USD lag the most
Almost 585 thousand new coronavirus cases were reported yesterday. Source: worldometers, XTB
