Morning wrap

• US indices finished yesterday's trading with moderate losses. Dow Jones dropped 0.55%, S&P 500 declined 0.63% and Nasdaq closed 0.10% lower. Russell 2000 dropped 0.61%

• Downbeat moods can be spotted on the Asian markets. S&P/ASX 200 declines 0.3%, Kospi drops 0.9% and Nifty trades 0.6% lower. Nikkei trades flat. Indices from China decline

• DAX futures point to a slightly lower opening of the European session

• Republicans proposed a $500 billion stimulus deal but Democrats are reportedly against lowering their demands

• Coronavirus vaccine trial of Eli Lilly was paused due to safety concerns

• Netherlands agreed on a partial lockdown of the country. Media suggest that United Kingdom may decide on a 2-week lockdown as well

• Bloomberg reports that no progress was made in the EU-UK talks this week

• Saudi Crown Prince Salman and Russian President Putin will urge OPEC+ not to ease output cuts

• Chinese President Xi said that development of Mainland China will be integrated with Hong Kong and Macao

• Japanese industrial production increased 1% MoM in August (exp. +1.7% MoM)

• Precious metals advance amid risk-off moods. Oil and industrial metals decline

• AUD and NZD are top moving major currencies while GBP and CHF lag the most

Over 310 thousand new coronavirus cases were reported yesterday. Source: worldometers, XTB