Morning wrap (10.02.2021)

• US indices finished yesterday's trading mixed. S&P 500 dropped 0.11%, Dow Jones declined 0.03%, Nasdaq gained 0.14% and Russell 2000 added 0.40%

• Stocks in Asia were trading higher. Nikkei gained 0.13%, S&P/ASX 200 jumped 0.52% and Kospi moved 0.8% higher

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

• Chinese CPI decelerated from 0.2% YoY to -0.3% YoY in January (exp. 0% YoY). PPI accelerated from -0.4 to 0.3% YoY (exp. 0.4% YoY)

• China foreign direct investments increased 4.6% YoY in January (yuan terms)

• US Senate voted to hold Trump's impeachment trial

• Japanese Prime Minister Suga said that vaccination in the country will begin next week

• API data showed 3.5 million barrel decline in oil inventories (exp. +1.3 mb)

• Twitter reported Q4 2020 revenue of $1.29 billion (exp. $1.19 billion) and EPS of $0.38 (exp. $0.31). Company added 5 million daily active users last quarter (exp. 6.5 million). Stock jumped 3.5% in after-hours trading

• Platinum rallies and other precious metals gain slightly. Oil trades lower.

• Bitcoin trades near $46,000

• Ranges on the FX market are very narrow

383 thousand new coronavirus cases were reported yesterday. Pandemic continues to ease. Source: worldometers, XTB