Morning wrap (11.12.2020)

7:31 AM 11 December 2020
  • US indices finished yesterday's trading mixed. Dow Jones dropped 0.23%, S&P 500 closed 0.13% lower while Nasdaq jumped 0.54%. Russell 2000 added 1.12%

  • Mixed sentiment was also spotted during the Asian trading hours. Nikkei dropped 0.4%, S&P/ASX 200 declined 0.6% while Kospi added 0.9%. Indices from China traded mostly lower

  • DAX futures point to a slightly lower opening of the European session

  • Global coronavirus case count crossed 70 million

  • According to Robert Koch Institute, Germany reported record number of coronavirus cases (29 875) as well as deaths (598) yesterday

  • Sanofi and GlaxoSmithKline decided to delay their vaccine in order to improve immune response in high risk groups. Vaccine is expected to be available in Q4 2021

  • Advisors of US FDA voted in favour of Pfizer vaccine, clearing the way for approval

  • Donald Trump agreed on sanctions on Turkey for purchases of Russian defense systems

  • EU leaders agreed on the EU budget and recovery fund

  • There is still no agreement on Brexit deal

  • Precious metals trade mostly lower but palladium is gaining. Oil trades more or less flat.

  • Bitcoin returned below $18,000

  • AUD and JPY are top moving major currencies while CHF and USD lag the most

Global coronavirus case count crossed 70 million yesterday. Source: worldometers, XTB

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