Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.81% to 3,446.86. Hong Kong’s Hang Seng Index was down about 0.45% to 28,418.75.
Japan’s benchmark Nikkei average. Nikkei 225 is trading down 0.83 per cent at 28,812.63 on Wsdnesday, while the Australian Index S&P / ASX 200 rose 0.39 per cent to 7,095.71. South Korea’s Kospi was up by 0.64% to 3,147.98.
The FTSE MIB climbed down by 1.76% to 23,991.46 In the cash markets, the DAX futures Germany was trading 2.39% lower at 14,874.25. CAC 40 futures in France climbed down by 0.89% to 6,251.57, while the FTSE 100 futures in the U.K fell by 0.59% to 6,928.97, at the time of writing.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed 0.06% up at 34,133.38 the S&P 500 was down 0.69% to 4,163.29 and the Nasdaq 100 was down 1.88% at 13,633.03.
In the Forex market, GBPUSD rose 0.09% at 1.3897. The USDJPY was up 0.09% at 109.42. The USDCHF was up 0.10% at 0.9145. EURUSD was down 0.06% at 1.2006, EUR/GBP was down 0.10% at 0.8641, at the time of writing.
In the commodity market, U.S. Gold futures fell 0.02% at $1,775.85. Elsewhere, Silver futures fell 0.41% to $26.448 per ounce, Platinum rose 0.18% at $1,232.05 per ounce, and Palladium was up 0.64% at $3,000.50.
Brent crude oil was up 2.84% to $69.48 barrel while U.S. West Texas Intermediate (CLc1) rose 0.81% at $66.23.
In the Cryptocurrency Markets, BTCUSD is at $54,317 fell 3.10%, Ethereum at 3,245.41 down 3.17%, Litecoin at 326.791 up 13.69%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Astra Zeneca up 4.29% at 7,715 Apple Inc. down 3.54% at $127.85, Amazon.com up 2.20% at $ 3,311.31, TESLA Inc down 1.65% at $673.90, SAP down 3.34% at 112.760, Microsoft down 0.13% at $252.18 , Barclays down 2.62% at 170.90.
U.S. Trade Representative Katherine Tai said on Tuesday that making vaccines more widely available throughout the world is needed to end the coronavirus pandemic and foster economic recovery.
In remarks to a Council of the Americas conference, Tai said the world had made real strides toward ending the pandemic but that a lot of work lies ahead.
“That includes making the vaccine widely available and addressing the global inequity in vaccine access,” she said. “This is not just a public health requirement. Our economic recovery depends on it.”
Tai is due to discuss demands from developing countries for a World Trade Organization waiver of intellectual property rights on coronavirus vaccines during a WTO General Council meeting later this week.
She has been meeting with the chief executives of the major vaccine manufacturers in recent days to discuss the waiver proposal and ways to boost vaccine production and distribution..
A majority of Democrats in the U.S. House of Representatives, and many liberal Democratic senators have urged President Joe Biden’s administration to support the vaccine intellectual property waiver, arguing it would help save lives and prioritize people over drug company profits.
The pharmaceuticals industry sees the proposed waiver as too broad and would set a precedent that would erode incentives to develop future vaccines.
Democratic Representative Earl Blumenauer, head of the Ways and Means trade subcommittee, told reporters that Tai and other U.S. officials were trying to develop a path forward, and narrowing the scope of the proposed waiver could help reassure industry.
Representative Rosa DeLauro told reporters she spoke with Commerce Secretary Gina Raimondo earlier on Wednesday and saw “some positive signs” the Biden administration was committed to aiding other countries in the current humanitarian crisis.
“The scope of the requested waiver is overbroad and unjustified in light of the economic harm it would cause and the negligible benefits it would provide,” wrote the members, led by House Judiciary Committee senior Republican Darrell Issa.
The German government is planning a new green financing strategy to steer capital towards environmental projects and developing Germany into a leading hub for sustainable finance, plans seen by Reuters show.
The so-called Sustainable Finance Strategy plan lists 26 individual measures and is due to be adopted by the cabinet on Wednesday with a view to mobilising investment for climate protection projects.
“The federal government wants to develop Germany into a leading location for sustainable finance,” states the plan, which is aligned with the United Nations’ Sustainable Development Goals.
The plan aims to support the European Union becoming carbon neutral by 2050 – a target the European Commission estimates will require 350 billion euros to be invested annually.
The plan also responds to investors demanding more companies complying with environmental, social and governance (ESG) criteria.
To assist investors, the German plan envisages a sustainability “traffic light” system that makes it easier to identify green investment opportunities.
Berlin wants to coordinate the traffic light plan with the EU if possible, but if it cannot move ahead quickly with the bloc it will start with Germany’s Federal Environment Agency.
The government also plans to increase guarantees and export credit assistance for green projects, and to reallocate 9 billion euros in equities it holds in pension and welfare funds into green investments.
With the Greens now topping most opinion polls, Chancellor Angela Merkel’s conservatives and their Social Democratic coalition partners are eager to tout their green credentials before September’s federal election.
The government envisages green bond issuance this year similar to 2020, when it launched its first two green bonds with a combined volume of 11.5 billion euros.
A 30-year green bond is planned for May, with a 10-year issue to follow in the second half of the year.
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TRADE SUGGESTION- Sell AT 1.2290, TAKE PROFIT AT 1.2240 AND STOP LOSS AT 1.3015.
TRADE SUGGESTION- BUY AT 1.3910, TAKE PROFIT AT 1.3960 AND STOP LOSS AT 1.3885.
TRADE SUGGESTION- BUY AT 13550.50, TAKE PROFIT AT 13450.50 AND STOP LOSS AT 14000.50.
TRADE SUGGESTION- BUY AT 26.400, TAKE PROFIT AT 26.800 AND STOP LOSS AT 26.200
TRADE SUGGESTION- BUY AT 3,340.50, TAKE PROFIT AT 3,540.50 AND STOP LOSS 3,240.50 .