Morning wrap 10.2.2021

  • US indices finished yesterday’s trading mixed. S&P 500 dropped 0.11%, Dow Jones declined 0.03%, Nasdaq gained 0.14% and Russell 2000 added 0.40%

  • Stocks in Asia were trading higher. Nikkei gained 0.13%, S&P/ASX 200 jumped 0.52% and Kospi moved 0.8% higher

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

  • Chinese CPI decelerated from 0.2% YoY to -0.3% YoY in January (exp. 0% YoY). PPI accelerated from -0.4 to 0.3% YoY (exp. 0.4% YoY)

  • China foreign direct investments increased 4.6% YoY in January (yuan terms)

  • US Senate voted to hold Trump’s impeachment trial

  • Japanese Prime Minister Suga said that vaccination in the country will begin next week

  • API data showed 3.5 million barrel decline in oil inventories (exp. +1.3 mb)

  • Twitter reported Q4 2020 revenue of $1.29 billion (exp. $1.19 billion) and EPS of $0.38 (exp. $0.31). Company added 5 million daily active users last quarter (exp. 6.5 million). Stock jumped 3.5% in after-hours trading

  • Platinum rallies and other precious metals gain slightly. Oil trades lower.

  • Bitcoin trades near $46,000

  • Ranges on the FX market are very narrow