Blog

US indices finished yesterday’s trading lower. S&P 500 dropped 0.44%, Dow Jones declined 0.38% and Nasdaq finished 0.72% lower. Russell 2000 slumped 1.67%

Stocks in Asia are trading lower as well. Nikkei dropped 0.72% and S&P/ASX 200 declined 1.34%. Kospi is trading 0.5% higher while indices from China trade mixed

DAX futures point to a higher opening of the European session

US Treasury Secretary Janet Yellen said that current stock market valuations are very high amid low-interest rate environment and that investors should be careful

President Biden repeated that the United States has to go big on Covid-19 relief. In other news, it was reported that senior Democrats discussed $3 trillion jobs and infrastructure package (in addition to current $1.9 trillion package)

House Speaker Pelosi said that vote on $1.9 stimulus package will take place by the end of next week

US is open to meeting with Iran to find a “diplomatic way forward”

Australia may approve a permanent increase in unemployment benefits instead of extending current Covid-related $150 benefit

Prime Minister of South Korea said he is considering launching fifth round of cash handouts

According to German Finance Ministry, tax revenues in the country were 11.1% YoY lower in January

Japanese manufacturing PMI index jumped from 49.8 to 50.6 in February (exp. 50)

Oil trades lower as oil companies in Texas slowly restart production

Precious metals pull back

Bitcoin trades near $51,500

AUD and NZD are top performing major currencies while CAD and CHF lag the most