Read this before you start trading today!

  • US indices finished yesterday’s trading lower. S&P 500 dropped 0.81%, Nasdaq slumped 1.69% and Dow Jones declined 0.46%. Russell 2000 declined 1.93%

  • Stocks in Asia are trading higher. Nikkei gained 0.5%, S&P/ASX 200 added 0.8% and Kospi moved 1% higher. Indices from China gained as well

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

  • Biden said that he is confident in delivering a promised 100 million vaccination in 1000 days. US President said that every American can get vaccinated by the end of May

  • Reuters reported that US is likely to follow the EU and impose sanctions on Russia over poisoning of Navalny. Russian Foreign Ministry advised US not to provoke Russia

  • China Caixin services PMI dropped from 52 to 51.5 in February (exp. 51.6), the lowest reading since April 2020

  • Australian GDP increased 3.1% QoQ in Q4 2020 (exp. 2.5% QoQ)

  • API oil inventories report showed 7.35 million barrel build (exp. -1.85 mb)

  • Bitcoin trades near $49,000

  • Oil gains while precious metals pullback. Industrial metals drop while agricultural goods trade mixed

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