Asia Pacific stocks were mostly down Thursday morning. The Shanghai composite is down 0.14% at 3,486.06. Overall, the Singapore MSCI up 0.43% at 352.75. Over in Hong Kong, the Hang Seng Index down 0.44% to 28,328. In Japan, the Nikkei 225 up 0.43% at 28,090, while the Topix index is up 0.29% at 1894.5. South Korea’s Kospi down 0.34% to 3162.28. Australia S&P/ASX 200 up 1.27% at 7019.6.
European equities Wednesday closing. The DAX futures contract in Germany traded 1.77% down at 15113.56, CAC 40 futures down 1.43% at 6262.56 and the UK 100 futures contract in the U.K. down 1.19% at 6,950.2.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.48% down at 33896.04 the S&P 500 down 0.29% to 4115.68 and the Nasdaq 100 down 0.13% at 13207.7, NYSE closes at 16233.31 down 0.64%.
In the Forex market, GBPUSD up 0.08% at 1.41263. The USDJPY down 0.13% at 109.055. The USDCHF down 0.02% at 0.90347. EURUSD up 0.14% at 1.21865, EUR/GBP up 0.05% at 0.86250. The USD/CNY up 0.09% at 6.4404, at the time of writing.
In the commodity market U.S. Gold futures up 0.14% at $1,872.35. Elsewhere, Silver futures up 0.27% to $27.805 per ounce, Platinum up 1.53% at $1206.03 per ounce, and Palladium up 0.43% to $2,879.77.
Crude Oil mix on Thursday; Brent crude oil up 0.35% to $66.87 barrel while U.S. West Texas Intermediate (CLc1) is down 0.75% at $64.67.
In the Cryptocurrency Markets, BTCUSD at 40268.94 up 9.55%, Ethereum at 2689.41 up 9.97%, Litecoin at 208.47 up 11.78%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
TARGET Corp. up 6.094% at $219.01, KLA Corp. up 3.409% at $303.94, TERADYNE Inc. up 3.065% to $122.41, TESLA Inc. down 2.494% to $563.46, EBAY Inc. down 2.447% to $59.79, STARBUCKS Corp. down 1.261% at $109.67.
US: A bipartisan group of 20 U.S. senators introduced legislation on Wednesday to provide the cash-strapped U.S. Postal Service (USPS) with $46 billion in financial relief over 10 years.
The U.S. House of Representatives Oversight and Reform Committee voted unanimously to approve companion legislation last week.
The legislation would eliminate a requirement that USPS pre-fund retiree health benefits for 75 years and would require postal employees to enroll in the Medicare government-retiree health plan. Instead, USPS would pay a small, yearly “top-up” payment to address actual annual retiree costs.
The agency has reported net losses of $86.7 billion since 2007. One reason is 2006 legislation mandating that it pre-fund more than $120 billion in retiree healthcare and pension liabilities, a requirement that labour unions have called an unfair burden not shared by other businesses.
Eurozone: Britain wants to use its independent post-Brexit tariff regime to help make domestic manufacturers more internationally competitive, launching a scheme for firms to apply for a suspension of tariffs on their imported manufacturing inputs.
Tariff suspensions are used to help a huge range of sectors like agriculture, microelectronics and chemicals, by lowering the cost of importing raw materials or other inputs where they are scarce or unavailable locally.
The scheme replaces an equivalent European Union (EU) programme which applied to Britain before it left the bloc and was temporarily rolled over when that exit was completed at the end of 2020. Under the EU scheme, suspensions had to be assessed by all member states.
Important Data: US Initial Jobless Claims today at 8:30 this time estimated 450K, previously which was 473K. CANADA New Housing Price Index (MoM) (Apr) today at 8:30 previously which was 1.1%. JAPAN National CPI (MoM) today at 19:30 previously which was 0.2%. JAPAN Services PMI today at 20:30 previously which was at 49.5.
TRADE SUGGESTION- BUY AT 1.41315, TAKE PROFIT AT 1.41480 AND STOP LOSS AT 1.41217
TRADE SUGGESTION- BUY AT 1.21957, TAKE PROFIT AT 1.22069 AND STOP LOSS AT 1.21931
TRADE SUGGESTION- SELL AT 0.93932, TAKE PROFIT AT 0.93866 AND STOP LOSS AT 0.94
TRADE SUGGESTION- SELL AT 0.77431, TAKE PROFIT AT 0.77206 AND STOP LOSS AT 0.77666
TRADE SUGGESTION- SELL AT 15186.4 TAKE PROFIT AT 15079.9 AND STOP LOSS AT 15269.6
WTI CRUDE OIL
TRADE SUGGESTION- SELL AT 62.94 TAKE PROFIT AT 62.48 AND STOP LOSS AT 63.60
TRADE SUGGESTION- BUY AT 1871.37, TAKE PROFIT AT 1875.76 AND STOP AT 1868.07
TRADE SUGGESTION- SELL AT 1.1630 TAKE PROFIT AT 1.4242 AND STOP AT 1.2098