Morning wrap (22.04.2021)

• US indices finished yesterday's trading higher. S&P 500 and Dow Jones gained 0.93% each, Nasdaq added 1.19% while Russell 2000 moved 2.35% higher

• Stocks in Asia traded higher. Nikkei gained over 2%, S&P/ASX 200 moved 0.6% higher and Kospi traded 0.2% above yesterday's closing price

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

• Australia revoked agreements between Victoria state and China relating to the Belt and Road Initiative. Global Times reported that Australia may face serious consequences for its provocations

• Governor of Tokyo asked Japanese authorities to impose state of emergency in Tokyo

• According to Wall Street Journal, exposure of Credit Suisse to Archegos exceeded $20 billion

• A missile was fired from Syria and made an impact near a nuclear reactor in the southern part of Israel. Israeli military responded by targeting missile launchers and air defence structures in Syria

• A 5.7 magnitude earthquake has been registered off the coast of Chile

• India reported over 315 thousand new coronavirus cases yesterday - a record for a single-day increase in a single country

• Bitcoin plunged towards $52,000 over the night but has managed to recover above $53,000 since

• Precious metals, industrial metals and oil trade lower. Agricultural goods advance

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

Russell 2000 (US2000) was the best performing US index yesterday, gaining over 2%. Index managed to recover from 3-week low after finding support at the short-term upward trendline. Source: xStation5