Asia Pacific stocks were up on Tuesday morning, starting the month on a high note despite U.S. shares closing November by slipping from record highs.The Shanghai composite isup 1.41% at3,439.68. Overall, the Singapore MSCIdown0.36% at 319.90.Over in Hong Kong, the Hang Seng Index upby 0.78% to 26,637. In Japan, the Nikkei 225 up1.21% at 26,780, while the Topixindex wasup0.68% to 1767. South Korea’s Kospiup1.73% to 2635.73. Australia S&P/ASX 200 up 1.08% to6588.5.
European equitiesMondayclosing. The DAX futures contract in Germany traded 0.33% down at 13291.16, CAC 40 futures in France down1.42% at5518.6and the UK 100 futures contract in the U.K.down1.59% at 6,266.2.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down0.91% to 29638.6 the S&P 500up0.55% to 3655.8 and the Nasdaq Composite down0.06% to 12198.7,NYSE closes at 14006.46 down1.35%.
In the Forex market, GBPUSD up 0.37% at 1.33663. The USDJPY up 0.08% to 104.371.The USDCHF down 0.12% at 0.90718.EURUSD up0.28% at 1.19567, EUR/GBPdown 0.02% at 0.89451. The USD/CNY down 0.02%at 6.5742, at the time of writing.
In the commodity market U.S. Gold futures up 0.57% at $1,786. Elsewhere, Silver futures up 1.02% to $22.85per ounce, Platinum up2.18% at $982.44 per ounce, and Palladium up0.89% to $2,393.00.
Crude Oil downonTuesday, Brent crude oildown0.17% to $47.56 a barrel while U.S. West Texas Intermediate (CLc1) isdown 0.37% at $45.89.
In the Cryptocurrency Markets, BTCUSD at 19486.01 down1.06%, Ethereum at608.40 down 1.34%, Litecoin up1.31% at 88.81, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
HIS MARKIT Ltdup7.431%at $99.46,S&P Global Incup2.989% at$351.78,PFIZER Inc. up2.901% to $38.31,APACHE Corp. down 7.399% to $12.89,ModernaInc up 20.239% to $152.74,INTEL CORP.up 1.897% at $48.35.
US:The U.S. economy seems to be holding up despite a surge in Covid-19 cases and hospitalizations, clouding the case for more monetary stimulus, Federal Reserve Bank of Richmond President Thomas Barkin said.
‘’It’s hard to find a huge drop in the real-time data,” Barkin told reporters Monday in a press briefing before a University of South Carolina virtual speech. “I’m thinking about credit-card spending which I get to see every week. It really hasn’t taken a step back yet.”
The Fed’s monthly asset purchases of $120 billion already are providing a pretty strong stimulus to the economy, in addition to near-zero interest rates, Barkin said. The Federal Open Market Committee is considering changes to its asset program, including new guidance, the minutes of its last meeting showed.
Eurozone: Britain and the European Union warned each other on Monday that time was running out to reach a Brexit trade deal, with big differences still to be bridged on state aid, enforcement and fishing.
The United Kingdom leaves the EU’s orbit on Dec. 31, when a transition period of informal membership ends following its formal departure last January, and the sides are trying to secure a deal to govern nearly $1 trillion in annual trade.
Prime Minister Boris Johnson, who is also tackling Europe’s worst official death toll from COVID-19, says a deal would be preferable but that Britain, which joined the EU in 1973, would flourish without one.
Talks in London over the weekend were “quite difficult” and “massive divergences” remained on elements of fisheries, economic fair play and settling disputes, an EU source said.
Important Data:USOPEC Meetingtoday at 5:00. CANADA GDP (QoQ) (Q3)today at8:30, previously which was -11.5%. AUSTRALIA GDP (YoY) (Q3)today at 19:30 this time estimate to be -4.4%, previously which was -6.3%.German Unemployment Change (Nov)today at 3:55this time estimate to be 8Kpreviously which was -35K
TRADE SUGGESTION- SELL AT 1.33617, TAKE PROFIT AT 1.33915 AND STOP AT 1.33422
TRADE SUGGESTION- BUY AT 1.19508, TAKE PROFIT AT 1.19700 AND STOP LOSS AT 1.19369
TRADE SUGGESTION- SELL AT 8.56430, TAKE PROFIT AT 8.54424 AND STOP AT 8.60146
TRADE SUGGESTION- BUY AT 10.2375, TAKE PROFIT AT 10.273 AND STOP AT 10.20886
TRADE SUGGESTION- SELL AT 6293.4, TAKE PROFIT AT 6241.8 AND STOP AT 6336.7
TRADE SUGGESTION- SELL AT 1787 TAKE PROFIT AT 1773.55 AND STOP AT 1799.29
TRADE SUGGESTION- SELL AT 44.94, TAKE PROFIT AT 44.59 AND STOP AT 45.71
TRADE SUGGESTION- BUY AT 19425 TAKE PROFIT AT 19753 AND STOP AT 18875