Asia Pacific stocks were mixed Tuesday morning. The Shanghai composite is down 0.88% at 3,567.70. Overall, the Singapore MSCI up 0.24% at 361.55. Over in Hong Kong, the Hang Seng Index down 0.38% to 28,635. In Japan, the Nikkei 225 up 0.03% at 29,040, while the Topix index is up 0.21% at 1964.0. South Korea’s Kospi down 0.11% to 3248.65. Australia S&P/ASX 200 up 0.19% at 7297.7.
European equities Monday closing. The DAX futures contract in Germany traded 0.10% down at 15677.15, CAC 40 futures up 0.43% at 6543.57 and the UK 100 futures contract in the U.K. up 0.03% at 7,082.10.
In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34630.24 the S&P 500 down 0.08% to 4226.53 and the Nasdaq 100 up 0.06% at 13832.60, NYSE closes at 16685.14 down 0.14%.
In the Forex market, GBPUSD down 0.13% at 1.41570. The USDJPY up 0.17% at 109.429. The USDCHF up 0.03% at 0.89768. EURUSD down 0.04% at 1.21840, EUR/GBP up 0.15% at 0.86052. The USD/CNY down 0.07% at 6.3918, at the time of writing.
In the commodity market U.S. Gold futures down 0.10% at $1,896.36. Elsewhere, Silver futures down 0.30% to $27.788 per ounce, Platinum down 0.37% at $1170.21 per ounce, and Palladium up 0.12% to $2,838.50.
Crude Oil down on Tuesday; Brent crude oil down 0.71% to $70.94 barrel while U.S. West Texas Intermediate (CLc1) is down 0.45% at $69.04.
In the Cryptocurrency Markets, BTCUSD at 32844.99 down 2.22%, Ethereum at 2498.44 down 3.66%, Litecoin at 157.10 down 3.07%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
ETSY Inc. up 2.522% at $168.32, FACEBOOK up 1.886% at $336.58, DOCUSIGN Inc. up 3.314% to $240.97, SEAGEN Inc. up 3.85% to $154.01, MODERNA Inc. up 6.551% to $219.57, BAIDU Inc. down 2.109% at $188.92.
US: Several top U.S. Senate Republicans on Monday rejected Treasury Secretary Janet Yellen’s G7 deal to impose a global minimum corporate tax and allow more countries to tax big multinational firms, raising questions about the U.S. ability to implement a broader global agreement.
The opposition from Republicans may push President Joe Biden to attempt to use budget procedures to pass the initiatives with only Democratic votes.
It left lawyers and tax experts in Washington wondering whether it could get done without crafting a new international treaty, which requires approval by a two-thirds majority in the evenly split 100-member Senate.
“It’s wrong for the United States,” Republican Senator John Barrasso said of the tax deal struck on Saturday by finance ministers from the G7 wealthy democracies.
“I think it’s going to be anti-competitive, anti-U.S., harmful for us as we try to continue to grow the economy and certainly at a time when we’re coming out of a pandemic,” Barrasso, who chairs the Senate Republican Conference, told reporters at the U.S. Capitol.
Eurozone: British Prime Minister Boris Johnson told French President Emmanuel Macron on Monday that the United Kingdom and the European Union need to find a solution to the so-called Northern Irish Brexit protocol.
After the United Kingdom left the European Union’s orbit at the end of last year, checks were introduced on some goods moving from mainland Britain to Northern Ireland, which has a land border with EU member Ireland.
The checks triggered anger and a perception among pro-British unionists in Northern Ireland that the Brexit deal divides them from the rest of the United Kingdom.
Johnson, who had promised there would be unfettered trade between Northern Ireland and the rest of the United Kingdom, unilaterally extended a grace period on certain checks to minimise supply disruption, a move Brussels has said breached the Brexit divorce deal.
“On the Northern Ireland protocol, the Prime Minister stressed that both the UK and the EU have a responsibility to find solutions to address the issues with the Protocol,” a spokesman for Johnson said after the call between the leaders.
Important Data: EURO ZONE GDP (QoQ) (Q1) today at 5:00 this time estimated
-0.6%, previously which was -0.6%. US Imports today at 8:30 previously which was 274.48B. US Trade Balance (Apr) today at 8:30 this time estimated -69B, previously which was -74.4B. CANADA Trade Balance (Apr) today at 8:30 this time estimated -0.7B, previously which was -1.14B.
TRADE SUGGESTION- BUY AT 1.41548, TAKE PROFIT AT 1.41790 AND STOP LOSS AT 1.41369
TRADE SUGGESTION- SELL AT 1.21773, TAKE PROFIT AT 1.21545 AND STOP LOSS AT 1.22011
TRADE SUGGESTION- SELL AT 0.85992, TAKE PROFIT AT 0.85794 AND STOP LOSS AT 0.86109
TRADE SUGGESTION- SELL AT 133.234, TAKE PROFIT AT 133.105 AND STOP LOSS AT 133.383
DJ EURO STOXX 50
TRADE SUGGESTION- BUY AT 4097 TAKE PROFIT AT 4104 AND STOP LOSS AT 4087
WTI CRUDE OIL
TRADE SUGGESTION- BUY AT 68.76 TAKE PROFIT AT 68.97 AND STOP LOSS AT 68.52
TRADE SUGGESTION- BUY AT 1893.96, TAKE PROFIT AT 1902.17 AND STOP AT 1887.14
TRADE SUGGESTION- SELL AT 33112.00 TAKE PROFIT AT 32394.44 AND STOP AT 33300.13