Morning wrap 2.2.2021

  • US indices finished yesterday’s trading higher. S&P 500 gained 1.61%, Dow Jones added 0.76% and Nasdaq rallied 2.55%
  • Stocks in Asia traded higher as well. Nikkei gained 1%, S&P/ASX 200 added 1.5% and Kospi moved 1.4% higher. Indices from China advanced
  • DAX futures point to a higher opening of the European session
  • Silver is trading lower after COMEX announced increase in margin on silver futures trading
  • Reserve Bank of Australia left interest rates unchanged and said that they are not expected to rise until 2024
  • Meeting between Biden and Republican senators did not result in an agreement. Differences remain but follow-up meetings are expected
  • China called on the United States to put their relationship back on predictable and constructive track
  • Bitcoin trades slightly below $34,000 mark
  • Oil is trading higher while precious metals are moving lower
  • NZD and CAD are top performing major currencies while AUD and CHF lag the most