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US indices finished yesterday’s trading higher. S&P 500 gained 1.14%, Nasdaq added 0.99% and Russell 2000 rallied 2.38%. Dow Jones gained 1.35% and reached a new record high
Stocks in Asia are recovering as well. S&P/ASX 200 gained 0.8%, Nikkei added 1.7% and Kospi moved over 3% higher. Indices from China gained
DAX futures point to a higher opening of the European session
Total coronavirus death toll has exceeded 2.5 million
Fed Vice Chairman Clarida said that US rates will not be raised unless 2% inflation and max employment is reached. He also said that he expects inflation to be around 2% by the end of the year
GameStop volatility started to pick-up once again in the US after-hours trading yesterday. Shares traded as high as $200 during the overnight session
According to media reports, OPEC+ is considering increasing oil output by 500k starting from April. Moreover, Saudi Arabia may withdraw from voluntary million barrel cut in April as well
RBNZ has expanded its mandate to consider impact of monetary policy on housing
Australian CapEx increased 3% QoQ in Q4 2020 (exp. +1% QoQ)
Bitcoin trades slightly above $50,000
US 10-year yield sits at 1.40%
Precious metals and oil trade slightly lower
EUR and GBP are top performing major currencies while NZD and JPY lag the most