Morning wrap (21.12.2020)

7:38 AM 21 December 2020
  • Stocks in Asia traded mixed today. Nikkei dropped 0.2%, S&P/ASX 200 declined 0.1%, Kospi added 0.2% and indices from China gained

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

  • Senate Majority leader McConnell said that Republicans and Democrats have reached an agreement over the $900 billion economic relief package. Votes in the House and and Senate are expected today

  • GBP is trading lower as several countries ban travel from the United Kingdom after a new, highly contagious strain of the coronavirus was found in the country

  • United States issued an emergency approval for Moderna's coronavirus vaccine

  • No progress was made in the Brexit talks. It is already too late and EU will not be able to ratify any deal this year

  • Trump signed another stopgap bill to avoid government shutdown

  • US embassy in Baghdad was targeted by a missile attack on Sunday

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

  • Oil is dropping following new coronavirus developments. Precious metals rally with silver being top gainer

  • Bitcoin tested $24,000 over the weekend

New coronavirus cases continue an uptrend with temporary dips over the weekends. Source: worldometers, XTB

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