Asia’s stock markets rose on Tuesday as another batch of strong U.S. economic data bolstered the global outlook. The Shanghai composite is down 0.20% at 3,477.65. Overall, the Singapore MSCI down 0.17% at 361.10. Over in Hong Kong, the Hang Seng Index flat at 28,931. In Japan, the Nikkei 225 down 1.26% at 29,690, while the Topix index is down 1.36% at 1955.0. South Korea’s Kospi up 0.16% to 3125.87. Australia S&P/ASX 200 up 0.94% at 6892.6.
European equities Monday closing. The DAX futures contract in Germany traded up 0.66% at 15107.17, CAC 40 futures up 0.59% at 6103.0 and the UK 100 futures contract in the U.K. up 0.35% at 6,737.3.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 1.13% up at 33527.2, the S&P 500 up 1.14% to 4077.9 and the Nasdaq 100 up 2.02% at 13598.2, NYSE closes at 15870.33 up 0.75%.
In the Forex market, GBPUSD up 0.15% at 1.39153. The USDJPY flat at 110.164. The USDCHF up 0.08% at 0.93704. EURUSD up 0.04% at 1.18149, EUR/GBP down 0.02% at 0.84906. The USD/CNY down 0.23% at 6.5498, at the time of writing.
In the commodity market U.S Gold futures up 0.48% at $1,736.74. Elsewhere, Silver futures up 0.88% to $25.081 per ounce, Platinum up 0.24% at $1212.51 per ounce, and Palladium down 0.45% to $2,650.50.
Crude Oil mix on Tuesday; Brent crude oil up 0.90% to $62.78 barrel while U.S. West Texas Intermediate (CLc1) is down 3.51% at $59.64.
In the Cryptocurrency Markets, BTCUSD at 58668.38 down 0.77%, Ethereum at 2123.50 up 0.80%, Litecoin at 221.19 down 0.19%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
CARNIVAL Corp. up 4.654% at $28.11, FORD MOTOR CO. up 4.355% at $12.70, ETSY Inc. down 5.283% at $197.20, HESS Corp. down 4.995% at $70.76, INTEL Corp. up 3.083% at $66.54, OKTA Inc. down 1.25% at $226.83, DOCUSIGN Inc. down 0.31% at $205.65, BOEING Co. up 2.53% at $259.36.
US: Top Democrats on the Senate Finance Committee on Monday proposed major shifts in former President Donald Trump’s 2017 tax reforms to eliminate what they say are incentives for companies to move operations overseas and shift profits to tax haven countries.
The plan proposed by Democratic senators Ron Wyden, Sherrod Brown and Mark Warner parallels some of the corporate tax hike proposals announced last week by President Joe Biden to finance $2 trillion in U.S. infrastructure investment.
The senators are targeting provisions in the landmark 2017 Tax and Jobs Act that govern how companies’ foreign income is taxed, the Global Intangible Low-Taxed Income system, the Foreign-Derived Intangible Income tax and the Base-Erosion and Anti-abuse Tax.
The systems were aimed at returning companies’ deferred offshore income to the United States at lower tax rates, where those profits could be invested in American jobs. But in practice, the Democrats said, they created new incentives for companies to invest more overseas to take advantage of new exemptions.
Eurozone: British Prime Minister Boris Johnson said on Monday a planned reopening of the economy would take place next week, with the opening of all shops, gyms, hairdressers and outdoor hospitality areas in England.
With the vaccine programme rolling out rapidly across the UK and infection numbers falling, Johnson said England would proceed to Stage 2 of his roadmap out of lockdown from April 12. Johnson said he would go to the pub himself for a pint.
People should continue to work from home when they could and minimise domestic travel, the government said. It also confirmed that the government was looking at a COVID-status certification system, or vaccine passport, to help reopen larger events.
Important Data: RUSSIA CPI (MoM) (Mar) today at 12:00 this time estimated 0.6%, previously which was 0.8%. US JOLTs Job Openings (Feb) today at 10:00 this time estimated 6.995M, previously which was 6.917M. EURO Unemployment Rate (Feb) today at 5:00 this time estimated 8.1%, previously which was 8.1%. US API Weekly Crude Oil Stock today at 16:30 previously which was 3.910M.
TRADE SUGGESTION- BUY AT 1.38815, TAKE PROFIT AT 1.39391 AND STOP LOSS AT 1.38566
TRADE SUGGESTION- SELL AT 1.18002, TAKE PROFIT AT 1.17587 AND STOP LOSS AT 1.18329
TRADE SUGGESTION- SELL AT 0.85037, TAKE PROFIT AT 0.84970 AND STOP LOSS AT 0.85177
TRADE SUGGESTION- BUY AT 130.218, TAKE PROFIT AT 130.467 AND STOP LOSS AT 130.054
TRADE SUGGESTION- BUY AT 6774.10 TAKE PROFIT AT 6803.2 AND STOP LOSS AT 6740.60
WTI CRUDE OIL
TRADE SUGGESTION- SELL AT 59.25 TAKE PROFIT AT 58.68 AND STOP LOSS AT 59.91
TRADE SUGGESTION- SELL AT 1728.94, TAKE PROFIT AT 1721.07 AND STOP AT 1738.77
TRADE SUGGESTION- BUY AT 2113.10 TAKE PROFIT AT 2134.68 AND STOP AT 2104.63