Asian shares edged lower on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming U.S. President Joe Biden’s ability to pursue his preferred economic policies. The Shanghai composite is up 0.44% at 3,517.968. Overall, the Singapore MSCI down 0.24% at 325.80. Over in Hong Kong, the Hang Seng Index up 0.09% to 27,511. In Japan, the Nikkei 225 down 0.66% at 27,140, while the Topix index was down 0.50% to 1788.5. South Korea’s Kospi up 1.34% to 2984.72. Australia S&P/ASX 200 down 0.03% to 6681.9.
European equities Monday closing. The DAX futures contract in Germany traded 0.06% up at 13726.74, CAC 40 futures up 0.68% at 5589.0 and the UK 100 futures contract in the U.K. up 1.72% at 6,571.9.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.25% at 30223.9 the S&P 500 down 1.48% to 3700.7 and the Nasdaq 100 up 0.03% at 12704.4, NYSE closes at 14376.703 down 1.02%.
In the Forex market, GBPUSD up 0.20% at 1.35920. The USDJPY down 0.15% at 102.957. The USDCHF down 0.05% at 0.88064. EURUSD up 0.21% at 1.22683, EUR/GBP up 0.08% at 0.90252. The USD/CNY down 0.02% at 6.4587, at the time of writing.
In the commodity market U.S. Gold futures down 0.25% at $1,937.60. Elsewhere, Silver futures up 0.10% to $27.230 per ounce, Platinum down 0.27% at $1063.16 per ounce, and Palladium down 0.11% to $2,376.50.
Crude Oil down on Tuesday; Brent crude oil down 0.06% to $50.72 barrel while U.S. West Texas Intermediate (CLc1) is down 1.23% at $48.88.
In the Cryptocurrency Markets, BTCUSD at 30367.68 up 5.10%, Ethereum at 993.74 down 4.94%, Litecoin at 177.75 up 4.71%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
BOEING Inc. down 5.298% at $202.72, AMERICAN EXPRESS Co. down 2.374% at $118.04, ADOBE Inc. down 2.955% to $485.34, CSX CORP. down 3.041% to $87.99, EBAY Inc. up 2.49% to $51.5, GILEAD SCIENCES Inc. up 3.18% at $60.11.
US: U.S. economic growth could surge later this year if most Americans are vaccinated against the coronavirus, but the gains would unlikely be enough for the Federal Reserve to withdraw its support, Cleveland Fed President Loretta Mester said on Monday.
The economy is likely to struggle in the near term after a rise in coronavirus infections led to more restrictions, both voluntary and mandated, Mester said.
While the “medium” term outlook was more promising, with vaccines likely to help people feel safer doing certain activities, she expects the economy to remain far from the Fed’s inflation and full employment goals.
Eurozone: The European Commission said on Tuesday that new U.S. tariffs on EU products disrupted ongoing negotiations with Washington to resolve a 16-year battle over aircraft subsidies and it hoped to find a swift solution with the next U.S. president, Joe Biden.
Important Data: US ISM Manufacturing PMI (Dec) today at 10:00 this time estimate to be 56.6, previously which was 57.5. US API Weekly Crude Oil Stock today at 16:30 previously which was -4.785M. JAPAN Services PMI (Dec) today at 19:30 this time estimate to be 47.2, previously which was 47.8. JAPAN 10-Year JGB Auction today at 22:35 previously which was 0.019%.
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