Asian shares climbed in morning trade on Tuesday. The Shanghai composite is up 2.26% at 3,576.22. Overall, the Singapore MSCI up 0.39% at 356.75. Over in Hong Kong, the Hang Seng Index down 1.64% to 28,784. In Japan, the Nikkei 225 up 0.67% at 28,530, while the Topix index is up 0.31% at 1918.0. South Korea’s Kospi up 0.79% to 3169.21. Australia S&P/ASX 200 up 0.84% at 7105.0.
European equities Monday closing. The DAX futures contract in Germany traded 0.44% up at 15437.51, CAC 40 futures up 0.35% at 6408.49 and the UK 100 futures contract in the U.K. up 0.48% at 7,051.5.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.01% up at 34393.99 the S&P 500 up 0.99% to 4197.06 and the Nasdaq 100 up 0.53% at 13729.0, NYSE closes at 16464.69 up 0.55%.
In the Forex market, GBPUSD up 0.20% at 1.41831. The USDJPY up 0.02% at 108.749. The USDCHF down 0.05% at 0.89624. EURUSD up 0.14% at 1.22313, EUR/GBP down 0.05% at 0.86221. The USD/CNY down 0.17% at 6.4081, at the time of writing.
In the commodity market U.S. Gold futures down 0.17% at $1,877.31. Elsewhere, Silver futures down 0.68% to $27.57 per ounce, Platinum flat at $1173.00 per ounce, and Palladium up 0.48% to $2,739.5.
Crude Oil up on Tuesday; Brent crude oil up 0.41% to $68.66 barrel while U.S. West Texas Intermediate (CLc1) is up 0.34% at $64.87.
In the Cryptocurrency Markets, BTCUSD at 38562.53 down 0.77%, Ethereum at 2634.18 down 0.66%, Litecoin at 182.35 down 1.63%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Twitter Inc. up 4.793% at $57.06, Tesla Inc. up 4.4% at $606.44, NVIDIA Corp. up 4.137% to $624.48, Carmax Inc. down 2.4% to $113.88, Biogen Inc. down 1.529% to $278.86, Amgen Inc. down 1.299% at $247.75.
US: U.S. Treasury Deputy Secretary Wally Adeyemo said he expects strong backing from G7 peers for Washington’s proposed 15%-plus global minimum corporate tax, which should help solidify support in the U.S. Congress for domestic corporate tax legislation.
“My sense is that you’re going to see a lot of unified support amongst the G7 moving forward,” Adeyemo told Reuters on Monday after France, Germany, Italy and Japan made positive comments about the Treasury’s proposal.
That support may be voiced at an in-person meeting of G7 finance ministers in London on June 4-5, Adeyemo said.
Optimism about a long-sought comprehensive deal for how to tax the largest multinationals and digital services companies has increased since the Treasury last week said it would accept a global minimum tax rate of 15% or higher.
Eurozone: European Union leaders agreed on Monday to impose more sanctions on Belarus, including economic ones, called on their airlines to avoid Belarusian airspace and authorised work to ban Belarusian airlines from European skies and airports.
Meeting in Brussels, the 27 national leaders of the bloc demanded an immediate release of dissident journalist Roman Protasevich, as well as an investigation by the International Organization for Civilian Aviation into a Sunday incident during which Belarus forced a Ryanair flight to land in Minsk.
“We are closing our airspace to planes from Belarus and call on EU airlines not to fly over the country,” said the head of the bloc’s executive, European Commission President Ursula von der Leyen. “Further economic sanctions will be presented soon.”
The EU currently has a travel ban and an asset freeze in place on 88 Belarusians, including Alexander Lukashenko, and 7 companies, over Minsk’s crackdown on protests following a contested presidential election last year.
Important Data: CANADA Manufacturing Sales (MoM) today at 8:30 previously which was 3.5%. US Manufacturing Sales (MoM) today at 10:00 this time estimated 970K, previously which was 1,021K. US API Weekly Crude Oil Stock today at 16:30 previously which was 0.62M. New Zealand Trade Balance (YoY) (Apr) today at 18:45 previously which was at 1,690M.
TRADE SUGGESTION- BUY AT 1.41891, TAKE PROFIT AT 1.42003 AND STOP LOSS AT 1.41757
TRADE SUGGESTION- BUY AT 1.22456, TAKE PROFIT AT 1.22623 AND STOP LOSS AT 1.22314
TRADE SUGGESTION- BUY AT 0.86244, TAKE PROFIT AT 0.86401 AND STOP LOSS AT 0.86064
TRADE SUGGESTION- BUY AT 154.254, TAKE PROFIT AT 154.781 AND STOP LOSS AT 153.906
DJ EURO STOXX 50
TRADE SUGGESTION- BUY AT 4046.00 TAKE PROFIT AT 4050.0 AND STOP LOSS AT 4045.0
WTI CRUDE OIL
TRADE SUGGESTION- BUY AT 65.92 TAKE PROFIT AT 66.56 AND STOP LOSS AT 65.40
TRADE SUGGESTION- BUY AT 1885.65, TAKE PROFIT AT 1890.15 AND STOP AT 1880.56
TRADE SUGGESTION- BUY AT 186.91 TAKE PROFIT AT 207.11 AND STOP AT 174.58