Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.05% to 3,470.68. Hong Kong’s Hang Seng Index was down about 1.76% to 28,606.75.
Japan’s benchmark Nikkei average. Nikkei 225 is trading down 2.03 per cent at 28,508.06 on Wednesday, while the Australian Index S&P / ASX 200 fell 0.29 per cent to 6,997.71. South Korea’s Kospi was down by 1.33% to 3177.29.
The FTSE MIB climbed down by 2.44% to 24,088.46 In the cash markets, the DAX futures Germany was trading 1.55% lower at 15,29.25. CAC 40 futures in France climbed down by 2.09% to 6,165.11, while the FTSE 100 futures in the U.K. fell by 2.00% to 6,859.08, at the time of writing.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed 0.75% down at 33,821.30 the S&P 500 was down 0.68% to 4,134.94 and the Nasdaq 100 was down 0.92% at 13,786.27.
In the Forex market, GBPUSD rose 0.04% at 1.3942. The USDJPY was down 0.05% at 108.03. The USDCHF was down 0.01% at 0.9158. EURUSD was down 0.04% at 1.2029, EUR/GBP was down 0.06% at 0.8628, at the time of writing.
In the commodity market, U.S. Gold futures rose 0.51% at $1,787.70. Elsewhere, Silver futures rose 1.23% to $26.157 per ounce, Platinum rose 1.04% at $1,201.05 per ounce, and Palladium was up 0.91% at $2,785.50.
Brent crude oil was down 0.51% to $66.22 barrel while U.S. West Texas Intermediate (CLc1) fell 0.53% at $62.33.
In the Cryptocurrency Markets, BTCUSD is at $55,661 up 3.45%, Ethereum at 2,321.18 up 11.90%, Litecoin at 265.442 up 11.46%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Barclays down 3.13% at 181.80, Apple Inc. down 1.28% at $133.11, Amazon down 1.28% at $ 3,334.44, TESLA Inc. up 0.61% at $718.99, Toyota Motor flat at 8,418.0, Microsoft down 0.77% at $258.74, SAP down 0.77% at 115.290.
A top Treasury Department official met on Tuesday with 20 top bankers to discuss President Joe Biden’s $2.3 trillion infrastructure plan and ways to use public-private partnerships to expand economic inclusion, the agency said in a statement.
U.S. Deputy Treasury Secretary Wally Adeyemo told 20 bank chief executives who are members of the nonpartisan Bank Policy Institute research group, that “now is the moment to reimagine and rebuild a new American economy” that rewards work, not wealth, and create a tax code that helps end “profit shifting and tax games.”
Adeyemo and the CEOs also discussed economic inclusion and ways to improve access to credit for low- and moderate-income communities, particularly with regard to mortgage finance as a pathway to building wealth, the statement said.
BPI represents the nation’s leading banks, which collectively employ nearly 2 million Americans.
Adeyemo said Biden’s infrastructure and jobs plan would create millions of well-paying jobs, rebuild infrastructure, and position the U.S. to outcompete China, Treasury said.
The Biden administration has made ending systemic racism and disparities a central part of its overall economic policy.
He also focused on the Treasury Department’s continuing review of U.S. economic and financial sanctions policies adopted by former President Donald Trump, and said it was look to identify both “successes and opportunities for change or improvements.”
Adeyemo told academics and other experts on sanctions earlier this month that he viewed sanctions as a “potential and valuable tool for policymakers” and it was important to ensure they remained a viable option for years to come.
Britain on Tuesday eased controls designed to prevent a backlog of trucks in southern England caused by new post-Brexit paperwork, saying vehicles taking goods to the European Union would no longer need a special permit to enter the port region.
The government said the relaxation showed goods transport companies had adapted to the new requirements, and were arriving at the border fully prepared.
The permit system was introduced in Kent when Britain completed its exit from the EU at the end of 2020 to mitigate fears of trade being brought to a standstill due to ports being blocked by vehicles trying to travel without the correct documentation.
Before Christmas, thousands of trucks were held up at the port of Dover (NYSE:DOV) as some companies stockpiled ahead of Britain’s departure from the EU and after France shut its borders following an outbreak of a new coronavirus strain, prompting fears of severe disruption when the new Brexit rules came in.
The government said freight volumes between Britain and the EU were operating at normal levels and cited official data showing a 46% increase in exports in February.
The same data also showed British goods exports to the EU, excluding non-monetary gold and precious metals, were 41.4% below year-ago levels in January but partially recovered to be 12.5% below year-ago levels in February.
TRADE SUGGESTION- BUY AT 1.2010, TAKE PROFIT AT 1.2060 AND STOP LOSS AT 1.1985.
TRADE SUGGESTION- Sell AT 108.20, TAKE PROFIT AT 107.20 AND STOP LOSS AT 108.70.
TRADE SUGGESTION- SELL AT 0.9175, TAKE PROFIT AT 0.9115 AND STOP LOSS AT 0.9205.
TRADE SUGGESTION- BUY AT 13,780.50, TAKE PROFIT AT 14,080.50 AND STOP LOSS AT 13,540.50.
TRADE SUGGESTION- Buy AT 25.960, TAKE PROFIT AT 26.110 AND STOP LOSS AT 25.935.
TRADE SUGGESTION- SELL AT 55,510.50, TAKE PROFIT AT 57,510.50 AND STOP LOSS 54,510.50 .