Morning wrap (25.02.2021)

7:33 AM 25 February 2021
  • US indices finished yesterday's trading higher. S&P 500 gained 1.14%, Nasdaq added 0.99% and Russell 2000 rallied 2.38%. Dow Jones gained 1.35% and reached a new record high

  • Stocks in Asia are recovering as well. S&P/ASX 200 gained 0.8%, Nikkei added 1.7% and Kospi moved over 3% higher. Indices from China gained

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

  • Total coronavirus death toll has exceeded 2.5 million

  • Fed Vice Chairman Clarida said that US rates will not be raised unless 2% inflation and max employment is reached. He also said that he expects inflation to be around 2% by the end of the year

  • GameStop volatility started to pick-up once again in the US after-hours trading yesterday. Shares traded as high as $200 during the overnight session

  • According to media reports, OPEC+ is considering increasing oil output by 500k starting from April. Moreover, Saudi Arabia may withdraw from voluntary million barrel cut in April as well

  • RBNZ has expanded its mandate to consider impact of monetary policy on housing

  • Australian CapEx increased 3% QoQ in Q4 2020 (exp. +1% QoQ)

  • Bitcoin trades slightly above $50,000

  • US 10-year yield sits at 1.40%

  • Precious metals and oil trade slightly lower

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

Total coronavirus death toll exceeded 2.5 million. Source: worldometers, XTB

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits