Asian stocks rose to new record highs on Thursday. The Shanghai composite is up 1.12% at 3,623.43. Overall, the Singapore MSCI up 0.70% at 343.40. Over in Hong Kong, the Hang Seng Index up 0.23% to 29,963. In Japan, the Nikkei 225 up 0.95% at 28,760, while the Topix index is up 0.65% at 1859.0. South Korea’s Kospi up 1.48% to 3160.73. Australia S&P/ASX 200 up 0.79% at 6823.7.
European equities Wednesday closing. The DAX futures contract in Germany traded 0.77% up at 13921.37, CAC 40 futures up 0.53% at 5628.4 and the UK 100 futures contract in the U.K. up 0.41% at 6,740.4.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.83% at 31188.4 the S&P 500 up 1.39% to 3851.9 and the Nasdaq 100 up 0.47% at 13366.3, NYSE closes at 15097.27 up 0.73%.
In the Forex market, GBPUSD up 0.41% at 1.37049. The USDJPY down 0.13% at 103.401. The USDCHF down 0.08% at 0.88857. EURUSD up 0.25% at 1.21350, EUR/GBP down 0.11% at 0.88534. The USD/CNY down 0.07% at 6.4603, at the time of writing.
In the commodity market U.S. Gold futures up 0.12% at $1,873.56. Elsewhere, Silver futures up 0.64% to $25.959 per ounce, Platinum up 0.06% at $1110.87 per ounce, and Palladium up 0.51% to $2,387.50.
Crude Oil up on Thursday; Brent crude oil up 0.50% to $55.98 barrel while U.S. West Texas Intermediate (CLc1) is up 0.08% at $52.41.
In the Cryptocurrency Markets, BTCUSD at 34631.71 down 2.44%, Ethereum at 1300.35 down 5.53%, Litecoin at 143.53 down 4.27%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
NETFLIX Inc. up 16.854% at $586.34, FORD Motor Co. up 8.383% at $10.86, INVESCO Ltd. up 6.519% to $21.57, AMAZON.Com up 4.57% to $3263.38, BANK OF NEYWORK down 7.268% to $42.49, ETSY Inc. down 2.539% at $215.69.
US: President Joe Biden’s proposal for a $1.9 trillion COVID-19 relief package was based on an assessment of specific needs, White House Press Secretary Jen Psaki said on Wednesday, when asked about Republican objections about the total cost.
“The package wasn’t designed with the $1.9 trillion as a starting point. It was designed with the components that were necessary to give people the relief that they needed,” she told reporters during her first briefing after Biden’s inauguration.
Psaki said it was challenging to think about which components of the proposal could be eliminated since all were based on recommendations from economists and health professionals, but acknowledged that the final version of any legislation rarely looked exactly like the initial proposal.
Biden, a long time U.S. lawmaker was no stranger to congressional negotiations, and would be closely involved in the process, Psaki said, adding: “It’s a conversation, and he is no stranger to the process of deal-making.”
Eurozone: British Prime Minister Boris Johnson said on Wednesday that some fishermen had experienced problems exporting fish to the European Union, an issue he said had been compounded by a decline in fish eating across Europe due to restaurant closures.
“It is, it is absolutely true that some British fishermen have faced barriers at the present time owing to complications over form filling,” Johnson told parliament.
“And indeed, one of the biggest problems is that, alas, there is a decline in appetite for fish in continental markets because the restaurants … are shut,” he said.
Important Data: EUROZONE Deposit Facility Rate (Jan) today at 7:45 this time estimated -0.5%, previously which was -0.5%. US Initial Jobless Claims today at 8:30 this time estimated 910K, previously which was 965K. US Building Permits (Dec) today at 8:30 this time estimated 1.604M, previously which was 1.635M. JAPAN National Core CPI (YoY) (Dec) today at 18:30 previously which was -0.9%.
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