Market News

EU drug agency approved Moderna’s vaccine

"It is a great New Year present for the whole oil industry," Russian Deputy Prime Minister Alexander Novak said on the second day of 13th OPEC and non-OPEC Ministerial meeting.

Wall Street set to open lower on Tuesday as the uncertainty over US Senate elections continues. The election results will determine whether Republicans or Democrats control power in the U.S. Senate.

US Dollar started the first trading day of the year on a bearish note and plunged to below 89.50 during the European session. The recent sharp sell-off in the USD fuelled by massive fiscal and monetary policy support, and progress in developing vaccines.

Apple (NASDAQ: AAPL) stock closed 5% higher supported by the company reportedly wants to increase iPhone production by roughly 30% year over year. The Apple stock rallied more than 70% in 2020.