Morning wrap 12.02.2021

  • US indices finished yesterday’s trading higher. S&P 500 gained 0.17%, Russell 2000 added 0.13% and Nasdaq jumped 0.28%. Dow Jones closed 0.02% lower

  • Stock indices in Asia were trading lower. Nikkei dropped 0.25% while S&P/ASX 200 dropped 0.63%

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

  • Five Star Movement supported Draghi’s government

  • Fed’s Barkin said that the US economy does not need herd immunity to recover. 

  • A 5-day lockdown will be imposed on Victoria, Australia in an attempt to contain a coronavirus outbreak. Japan will extend state of emergency in Tokyo, Osaka and 8 other prefectures until early-March

  • US Justice Department subpoenaed Robinhood and other brokers as part of investigation into market manipulation

  • Wall Street Journal reports that AstraZeneca plans to double coronavirus vaccine production by April

  • Precious metals trade mixedsilver and palladium gain while gold and platinum drop. Oil trades slightly lower

  • Bitcoin trades near $47,000

  • EUR and USD are top performing major currencies while CAD and NZD lag the most