Morning wrap

• US indices finished Tuesday's session higher, Dow Jones  gained 2 points to close flattish, S&P 500 rose 0.5% while the Nasdaq jumped 1.2%
• Major Asian indices trade mixed today. Nikkei rose 0.2%, Kospi and Hang Seng fell 0.25%. S&P/ASX 200 surged 0.96%. Dax futures point to a higher opening of the European session
• Chinese government had approved six fixed-asset investment projects worth a combined CNY 88.2 billion in August.
• A senior Chinese official Tuesday accused the US, which forced the sale of TikTok on national security grounds, of "economic bullying," while lambasting EU restrictions on Huawei Technologies.
• Japan recorded a trade surplus of JPY 248.3 billion in August of 2020 compared to a JPY 152.2 billion deficit a year earlier and expectations of a JPY 37.5 billion deficit.
• Yoshihide Suga was elected as Japan’s prime minister on Wednesday
• The Wall Street Journal reported yesterday, that  Federal Trade Commission is preparing a possible antitrust lawsuit against Facebook
• More than a dozen celebrities including Kim Kardashian West, will join  a protest against Facebook’s repeated failures to address hate speech and election disinformation on their platforms.
• Yesterday Texas recorded 4,816 new COVID-19 cases which is a biggest daily jump in infections in nearly 3 weeks
• US DOJ says it will announce "charges and arrests related to a computer intrusion campaign tied to the Chinese government”
• Hurricane Sally forces oil companies to shut down quarter of their production in Gulf of Mexico
• API reported that US crude supplies fell by 8.5 million barrels last week.
• AUD and NZD are leaders among major currencies while CHF and JPY lag the most

More than 278,000 new Covid-19 cases were reported yesterday. Source: worldometers, XTB

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