Morning wrap (26.11.2020)

7:35 AM 26 November 2020
  • US indices finished yesterday's session mixed. S&P 500 dropped 0.16%, Dow Jones declined 0.58% and Nasdaq gained 0.47%. Russell 2000 dropped 0.47%

  • Mixed moods can also be spotted on stock exchanges in Asia-Pacific. Nikkei gained 0.9%, S&P/ASX 200 declined 0.7%, Kospi jumped 0.8% and indices from China decline

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

  • Daily coronavirus death toll topped 12 thousand for the first time yesterday. Daily case count returned back above 600,000

  • According to Financial Times, European Union may hold an extra plenary session in late December to vote on the EU-UK deal. Of course, such actions will be conditional on if there is a deal

  • Australian CapEx declined 3% QoQ in Q3 2020 (exp. -1.5% QoQ)

  • New Zealand reported trade deficit of NZ$501 million in October, in-line with expectations

  • According to Wall Street Journal, Exxon Mobil expects Brent price in $50-55 range for the next five year before reaching $60 in 2026 and 2027

  • Bloomberg reports that Biden's top economic advisor is likely to be either Roger Ferguson, former vice-chairman of the Federal Reserve, or Brian Deese, a BlackRock executive

  • Ranges on the FX and commodity markets are narrow and liquidity is thin as US traders are off for Thanksgiving holiday. CHF is a top mover among majors while USD lags the most. Bitcoin dropped below $18,000 

Daily coronavirus case count returned above 600,000 yesterday. 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