Read this before you start trading today!

  • Stocks in Asia are trading higher. Nikkei gained 2.5%, S&P/ASX 200 added 1.7% and indices from China traded higher. Stock exchanges in South Korea were closed due to holiday

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

  • US futures trade higher

  • Biden urged the Senate to work quickly on a $1.9 trillion stimulus plan. Bill has passed in the House last week and is now awaiting final vote in the Senate

  • One-shot coronavirus vaccine from Johnson & Johnson was approved by the US FDA

  • Official China manufacturing PMI dropped from 51.3 to 50.6 in February (exp. 51.1) while services index declined from 52.4 to 51.4 (exp. 52.1).

  • New Zealand put Auckland back into 7-day lockdown following local coronavirus outbreak

  • RBA bought A$4 billion of long dated bonds today, double the normal amount. The move pushed Australian yields lower

  • Iran rejected the offer of holding direct nuclear talks with the United States. Iran insists on some sanctions being lifted before negotiations begin

  • Bitcoin trades near $45,000

  • Oil, precious metals, agricultural good and industrial metals gain on upbeat risk moods and weak USD

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