Morning wrap (17.12.2020)

7:33 AM 17 December 2020
  • US indices finished yesterday's trading mixed. S&P 500 gained 0.18%, Nasdaq added 0.50%, Dow Jones dropped 0.15% and Russell 2000 finished 0.33% lower

  • Upbeat moods could have been spotted during the Asia session. Nikkei gained 0.18%, S&P/ASX 200 added 1.16% and indices from China moved higher. On the other hand, Kospi dropped 0.1%

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

  • The Federal Reserve left rates and asset purchases unchanged during yesterday's meeting. Economic projections were slightly boosted compared to September's meeting

  • US Trade Representative urged Joe Biden not to ease China tariffs

  • US Vice President Pence is expected to receive coronavirus vaccine live on TV on Friday

  • Australian economy added 90k jobs in November (exp. 50k). Unemployment rate dropped to 6.8% (exp. 7%)

  • A record 716 thousand new coronavirus cases were reported yesterday as well as a record death toll of 13 498

  • Bitcoin climbed above $22,000

  • Oil and precious metals trade higher

  • GBP and NZD are top performing major currencies while USD and JPY lag the most

A record 716 thousand new coronavirus cases were reported yesterday. Source: worldometers, XTB

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