Shares Recover, Yen Mildly Weakened
Stocks have improved after some serious declines. DOW lifted 567.02 points (2.33%) to 24912.77. Its drop from 26616.71 is a correction for an intact uptrend from 15450.56. The index should align 38.2% retracement of 15450.56 to 26616.71 at 22351.24. Repeat test of 23778.74 minimum is expected in the near term. S&P 500 increased 46.2 points (1.74%) at 2695.14. NASDAQ was up 148.35 points (2.13%) to 7115.88. Nikkei grew 660 points (3%). Japanese yen has slightly softened but stayed the firmest among currencies. The Pound is still the weakest.
It’s reported, that the UK might pay a higher Brexit bill. European Commission wants it to "cover the financing, during the transition period, of the relevant Common Foreign and Security Policy and Common Security and Defense Policy agencies or operations on the basis of the same contribution key as before the withdrawal date".
New Zealand employment lifted 0.5% qoq in the fourth quarter. Jobless rate fell from 4.6% to the 10-year minimum of 4.5%. Today, Germany will release industrial production, Swiss will announce foreign currency reserves and Canada will feature building permits.