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7:25 AM · 29 December 2020

Morning wrap (29.12.2020)

•    US indices finished yesterday's session higher. The Dow Jones climbed 0.7% and reached a new record high, S&P 500 rose 0.9% and Nasdaq gained 0.7%.

•    Positive moods prevail in the Asian markets today. Nikkei jumped 2.4% to a three-decade high of 27,500,  Kospi added 0.09%  and Hang Seng gained 1.15%. S&P/ASX 200 added 0.5%

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

•    US House of Representatives has approved an increase in stimulus from $600 a person to $2,000.  Now the bill needs to be approved by the Senate 

•    US Treasury announced that $600 relief checks will begin to be sent to Americans this week

•    US government on Monday appealed a decision handed down by a federal judge earlier this month that prevented authorities from fully implementing its restrictions against TikTok.

•    Two vaccines by Pfizer and Moderna continued the distribution process in the US and so far over one million people have been vaccinated.

•     Bitcoin fell to $26,000 level 

•    CHF and EUR are leaders among major currencies while GBP and USD lag the most

Over 487 thousand new coronavirus cases were reported yesterday. Source: worldometers, XTB         

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