Following record highs on Wall Street last week, investors realized some of the gains on Monday and US stock indexes fell for the first time in five sessions. The Dow Jones Industrial closed -0.29% lower at 31'008.69 points and the market-wide S&P 500 exited the day's trading -0.66% at 3'799.61 points. The Nasdaq Composite saw the most significant declines, down -1.3% at 13'036.43. Shares of Twitter (-6.4%) also came under pressure after the social media platform permanently blocked US President Trump, as a result of last week's events. In Asia, profit-taking also dominated this morning, while US Treasury yields reached their highest level since March and the US dollar continued to strengthen.
US President Trump, who is still in office until January 20, is facing impeachment proceedings again. Following the violent storming of the parliament by Trump supporters and the preceding verbal incitement of the president, the Democrats, led by House Speaker Nancy Pelosi, passed a resolution to this effect. The key point: “Incitement of insurrection.“ The Democratic-controlled House of Representatives can decide to open impeachment proceedings with a simple majority. But an effective impeachment of Trump also requires a two-thirds majority in the Senate, and this is not currently foreseeable. Furthermore, Vice President Mike Pence is to be formally called upon, based on the 25th Amendment of the US Constitution, to impeach President Trump. According to Pelosi, the president is “an imminent threat to national security, democracy and the Constitution.“
The start of global vaccination campaigns against Covid-19 has had a positive impact on investor sentiment in the eurozone. This is the conclusion of survey data published yesterday by Sentix, a German financial market analysis firm. The economic indicator rose by four points in January to plus 1.3 points (consensus +1.9) and reached the highest value since February 2020 after the second increase, i.e. before the corona crisis led to a drastic slump in the global economy. The more optimistic assessment of economic expectations by the nearly 1'200 analysts and professional investors surveyed was based primarily on the hope that an end to the crisis was in sight as a result of the vaccinations, Sentix commented.
|16:00||US||National Federation of Independent Business (NFIB) Small Business Optimism (December)||104.0|
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