Morning wrap 8.2.2021

  • Stocks in Asia trade higher at the beginning of a new week. Nikkei gained 2.12% and closed at the highest level since August 1990. S&P/ASX 200 gained 0.6% while Kospi dropped 0.8%.

  • S&P 500 futures has hit 3,900 pts mark over the night

  • DAX futures trade at an all-time high and point to a higher opening of the European session

  • Janet Yellen said that the US economy may reach full employment if $1.9 trillion stimulus deal is approved

  • Coronavirus vaccine from AstraZeneca is not effective against South African variant of the virus

  • Fitch affirmed Japan’s rating at “A” with negative outlook

  • Brent has hit $60 by the end of Asian session

  • US 30-year yield has hit 2% for the first time since late-February 2020

  • Bitcoin rallied above the $40,000 mark over the weekend. However part of the gains has been trimmed since and the coin now trades near $39,000

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