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US indices finished yesterday's trading mixed. S&P 500 dropped 0.03%, Nasdaq declined 0.25% and Dow Jones gained 0.20%. Russell 2000 dropped 0.72%
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Trading in Asia was muted as China and Japan were off for holiday. S&P/ASX 200 declined 0.1%
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DAX futures point to a flat opening of the European session
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Joe Biden spoke with China's Xi on phone. Leaders agreed that cooperation is better than confrontation. Biden said that he will work with China when it benefits the United States
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United States will review trade policy with China
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Fed Chair Powell said that the outlook for the jobs market is still bleak with the real unemployment rate being close to 10%. He said that rates will remain low
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United States are willing to work with the European Union to resolve Airbus-Boeing dispute once new US Trade Representative takes office
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Janet Yellen said that she is supportive of digital assets but high misuse risks remain a problem
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Precious metals and agricultural commodities pull back. Oil trades flat
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Bitcoin trades near $44,500
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CHF and USD are the weakest major currencies while AUD and NZD are top performers
Almost 440 thousand new coronavirus cases were reported yesterday. Source: worldometers, XTB
