Morning wrap (22.12.2020)

7:39 AM 22 December 2020
  • US indices finished yesterday's trading mixed. Dow Jones gained 0.12%, S&P 500 dropped 0.39% and Nasdaq declined 0.10%

  • Stocks in Asia traded lower today. S&P/ASX 200 and Nikkei declined 1%, Kospi dropped 1.6% and indices from China plunged 0.7-1.6%

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

  • US House and Senate approved economic relief package

  • UK Johnson made an offer relating to fisheries but EU rejected it

  • Preliminary retail sales data from Australia showed 7% MoM increase in November (exp. 2% MoM)

  • United States announced more visa restrictions on Chinese officials

  • According to Wall Street Journal, US SEC will pursue legal action after Ripple over sale of cryptocurrencies

  • Toyota will halt car production in the United Kingdom and France amid transport disruptions

  • Apple plans to start building electric vehicles in 2024

  • Oil continues to decline, dropping 2% today. Precious metals pull back

  • USD, CHF and JPY are top performing major currencies while NZD and GBP lagged behind

Pandemic situation. Total coronavirus death toll exceeded 1.7 million yesterday. Source: worldometers, XTB

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