Morning wrap (23.12.2020)

7:42 AM 23 December 2020
  • US indices finished yesterday's session mixed. Dow Jones dropped 0.67%, S&P 500 finished 0.21% lower and Nasdaq gained 0.51%. Russell 2000 added 1.03%

  • Gains can be spotted across stock exchanges in Asia-Pacific. S&P/ASX 200 gains 0.6%, Nikkei adds 0.3%, Kospi trades 1% higher and indices from China move higher

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

  • Donald Trump refused to sign the economic relief bill. US President asked Congress to boost stimulus checks to $2,000 and remove unnecessary items

  • Democrats expressed support for idea of $2,000 stimulus checks but it looks unlikely that Republicans will approve it

  • President-elect Biden is considering using Defense Production Act to boost production of vaccines

  • Japan banned entry of non-Japanese citizens traveling from the United Kingdom

  • ITV reported that EU-UK trade deal could be reached today. However, other UK media reported that EU does not have much room to manoeuver on fishing rights

  • API report pointed to a 2.7 mb increase in oil inventories

  • Oil is trading lower while precious metals gain

  • GBP and AUD are top performing major currencies while USD and CHF lag the most

Over 600 thousand new coronavirus cases were reported yesterday. Source: worldometers, XTB

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