Morning wrap (22.01.2021)

6:33 AM January 22, 2021
  • US indices finished yesterday's trading mixed. S&P 500 gained 0.03%, Dow Jones dropped 0.04%, Nasdaq added 0.55% and Russell declined 0.89%

  • Downbeat moods dominated in Asia. Nikkei dropped 0.4%, S&P/ASX 200 declined 0.3% and Kospi moved 0.5% lower

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

  • Total coronavirus case count exceeded 98 million while death toll has increased above 2.1 million. 70 million people recovered so far

  • Joe Biden suspended new permits for oil projects on federal land for 60 days

  • According to European Council President Michel, EU leaders have agreed that coronavirus restrictions within the bloc may need to be tightened

  • Bitcoin dropped to $29,000 overnight but has recovered since. The coin now trades near $32,000 mark

  • Japanese manufacturing PMI index dropped from 50 to 49.7 pts in January

  • Nissan has paused a production line in the United Kingdom on the back of coronavirus supply disruptions

  • Intel reported Q4 2020 EPS at $1.52 (exp. $1.10) and revenue of $20 billion (exp. $17.49 billion)

  • IBM reported Q4 2020 EPS at $2.07 (exp. $1.39) and revenue of $20.37 billion (exp. $20.67 billion)

  • Declines can be spotted on commodities markets with precious metals, oil and agricultural goods moving lower

  • EUR and USD are top performing major currencies while NZD and AUD lag the most

Total coronavirus case count exceeded 98 million after 665 thousand new coronavirus cases were reported yesterday. Source: worldometers, XTB

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