Asian stocks dipped on Tuesday. The Shanghai composite is down 1.46% at 3,571.65. Overall, the Singapore MSCI down 1.36% at 332.60. Over in Hong Kong, the Hang Seng Index down 1.84% to 29,528. In Japan, the Nikkei 225 down 0.69% at 28,580, while the Topix index is down 0.38% at 1851.0. South Korea’s Kospi down 2.04% to 3143.70. Australia S&P/ASX 200 up 0.36% at 6824.7.
European equities Monday closing. The DAX futures contract in Germany traded 1.66% down at 13643.95, CAC 40 futures down 1.57% at 5472.4 and the UK 100 futures contract in the U.K. down 0.84% at 6,638.9.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.12% down at 30960.0 the S&P 500 up 0.36% to 3855.4 and the Nasdaq 100 down 0.50% at 13410.1, NYSE closes at 14935.29 down 0.11%.
In the Forex market, GBPUSD down 0.20% at 1.36471. The USDJPY down 0.04% at 103.718. The USDCHF up 0.09% at 0.88896. EURUSD down 0.07% at 1.21282, EUR/GBP up 0.13% at 0.88873. The USD/CNY down 0.07% at 6.4732, at the time of writing.
In the commodity market U.S. Gold futures up 0.02% at $1,855.8. Elsewhere, Silver futures down 0.28% to $25.267 per ounce, Platinum down 1.22% at $1085.18 per ounce, and Palladium down 0.15% to $2,333.
Crude Oil mix on Tuesday; Brent crude oil down 0.98% to $55.40 barrel while U.S. West Texas Intermediate (CLc1) is up 2.85% at $53.75.
In the Cryptocurrency Markets, BTCUSD at 31939.92 down 1.06%, Ethereum at 1320.96 up 0.23%, Litecoin at 135.78 down 1.02%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
TESLA Inc. up 4.035% at $880.8, DISCOVERY Inc. up 3.861% at $34.16, CARNIVAL Corp. down 4.946% to $19.22, MODERNA Inc. up 12.197% to $147, APPLE Inc. up 2.768% to $142.2, INTEL Corp. down 2.153% at $55.44.
US: Household spending rose modestly over the last four months, but consumers’ expectations for how much more they’ll be able to spend a year from now surged, according to a survey released Monday by the New York Federal Reserve.
The report showed that consumers are slowly spending more as the economy reopens and more people gradually return to work, and offered a sign consumer are hopeful their financial situations will improve further as the coronavirus is contained.
The share of households that made at least one large purchase in the last four months rose to 54.6% in December. That is up from a series low of 50.7% in April of 2020, but was still well below pre-pandemic level of 62.5% in December of 2019.
Consumers from all education and income groups were much more optimistic about how much they would be able to spend in a year, with the median household expecting spending to grow by 3% over the next year, up from 2.2% in August.
Households reported in December that they expect spending on daily living expenses and other necessary bills to rise by a median of 4.1% over the next year, up from 3.5% in August and reaching a series high for the survey.
Eurozone: The euro zone’s economic recovery has simply been delayed, not delayed by fresh anti-pandemic restrictions and uncertainty surrounding vaccinations, European Central Bank President Christine Lagarde said on Monday.
Important Data: UK Claimant Count Change (Dec) today at 2:00 this time estimated 35.0K, previously which was 64.3K. US CB Consumer Confidence (Jan) today at 10:00 this time estimated 89, previously which was 88.6. AUSTRALIA CPI (QoQ) (Q4) today at 19:30 this time estimated 0.7%, previously which was 1.6%. AUSTRALIA Trimmed Mean CPI (QoQ) (Q4) today at 19:30 previously which was at 0.4%.
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