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09Feb2021 Pre-Market Commentary: Wall Street Stock Rally Reverses Amid Overheating Concerns As Bitcoin Tops $48,000 For The First Time, DOW At -68, Nasdaq At -0.2%, Bitcoin At 45400

Stock futures dip as Wall Street's rally to records is set to take a breather (SPY -0.2%). The biggest premarket movers: Coty, Take-Two Interactive, Chegg.
Here is the current market situation from CNN Money
European markets are mixed. The CAC 40 is higher by 0.47%, while the DAX is leading the FTSE 100 lower. They are down 0.42% and 0.03% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
The Oil Deal That Could Destroy Iraq From Within
The new Biden Administration has largely been focused on fulfilling its election promises in its first month in power. After reversing an extensive list of Trump policies via executive orders, Biden is now focusing on the Middle East. In stark contrast to his predecessor, Joe Bidens administration is taking a reserved and diplomatic approach towards the ongoing crisis in the Middle East region. While the new administration is yet to fully address Iranian Sanctions or the JCPOA-agreement, it has stepped up the pressure on some Arab countries

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