Asian shares staged a recovery on Tuesday on receding worries about the impact of the Omicron variant. The Shanghai composite is down 0.17% at 3,583.77. Overall, the Singapore MSCI down 0.22% at 343.00. Over in Hong Kong, the Hang Seng Index up 2.03% at 23,806.00. In Japan, the Nikkei 225 up 2.30% at 28,490.00, while the Topix index is up 2.26% at 1987.0. South Korea’s Kospi up 0.58% to 2991.22. Australia S&P/ASX 200 up 0.95% at 7313.9.
European equities Monday closing. The DAX futures contract in Germany traded up 1.39% at 15380.79, CAC 40 futures up 1.48% at 6865.79 and the UK 100 futures contract in the U.K. up 1.54% at 7,232.29.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.87% at 35227.04. The S&P 500 up 1.17% at 4591.68 and the Nasdaq 100 up 0.85% at 15846.16, NYSE closes up 1.49% at 16591.96.
In the Forex market, GBPUSD up 0.18% at 1.3286. The USDJPY up 0.20% at 113.70. The USDCHF down 0.03% at 0.92431. EURUSD up 0.11% at 1.12956, EUR/GBP down 0.03% at 0.8502. The USD/CNY down 0.12% at 6.3684 at the time of writing.
In the commodity market U.S. Gold futures up 0.20% at $1,781.92. Elsewhere, Silver futures up 0.28% to $22.43 per ounce, Platinum up 0.69% at $943.50 per ounce, and Palladium down 0.30% at $1844.50.
Crude Oil up on Tuesday; Brent crude oil up 0.38% at $73.92 per barrel while U.S. West Texas Intermediate (CLc1) is up 3.56% at $69.44.
In the Cryptocurrency Markets, Bitcoin at 51248.87 up 1.37%, Ethereum up 0.31% at 4370.65, Litecoin at 160.53 down 0.71%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Carnival Corp. up 8.081% at $18.59, Expedia Group Inc. up 6.743% at $166.07,
Delta Air Lines Inc. up 6.003% to $38.14, Moderna Inc. down 13.494% to $265.33,
Pfizer Inc. down 5.14% to $51.48, ETSY Inc. down 2.78% at $224.9.
US: The U.S. House of Representatives could vote this week to raise the federal government’s $28.9 trillion debt limit, the chamber’s No. 2 Democrat told reporters on Monday, without providing details on how such an effort might unfold.
Treasury Secretary Janet Yellen has urged Congress to act by Dec. 15 and a bipartisan think tank warned last week the U.S. government could run out of ways to cover its obligations by late this month, which would trigger an unprecedented default that would rock the global financial system.
“Hopefully we will be able to resolve a way that that (a debt limit bill) can be done in the next few days,” House Majority Leader Steny Hoyer told a news conference.
Top Republicans have been calling on President Joe Biden’s Democrats to hike the debt limit without Republican votes, using a process known as reconciliation. Democrats note the increased debt is needed largely to cover the cost of tax cuts and spending programs during former President Donald Trump’s administration, which congressional Republicans supported.
Eurozone: The European Central Bank said on Monday it plans to redesign the euro’s banknotes over the next three years to make them “more relatable to Europeans of all ages and backgrounds”.
ECB focus groups will now gather suggestions about the overarching theme of the new banknotes from the public in the 19 countries that share the euro, the ECB said.
The new design will replace the windows, doorways and bridges of different architectural styles that have adorned the euro’s banknotes since their launch in 2002.
“After 20 years, it’s time to review the look of our banknotes to make them more relatable to Europeans of all ages and backgrounds,” ECB President Christine Lagarde said.
The original design was meant to signify unity and openness while being abstract enough not to be traced back to any individual member country.
But many authorities have since sought to put the emphasis on diversity and inclusion when designing new bills, with the U.S. Treasury picking African-American anti-slavery crusader Harriet Tubman for its $20 banknote.
Important Data: EURO ZONE GDP (QoQ) (Q3) today at 5:00 this time estimated 2.2%, previously which was 2.1%. US Trade Balance (Oct) at 08:30 this time estimated -66.8B, previously which was -80.9B. CANADA Trade Balance (Oct) today at 8:30 this time estimated 2.0B, previously which was 1.86B. US API Weekly Crude Oil Stock today at 16:30 previously which was -0.747M.
TRADE SUGGESTION- SELL AT 1.32821, TAKE PROFIT AT 1.32509 AND STOP LOSS AT 1.33026
TRADE SUGGESTION- SELL AT 1.12905, TAKE PROFIT AT 1.12638 AND STOP LOSS AT 1.13294
TRADE SUGGESTION- SELL AT 151.010, TAKE PROFIT AT 150.680 AND STOP LOSS AT 151.429
TRADE SUGGESTION- SELL AT 122.907, TAKE PROFIT AT 122.631 AND STOP LOSS AT 123.329.
TRADE SUGGESTION- BUY AT 7272.20 TAKE PROFIT AT 7305.90 AND STOP LOSS AT 7250.10
WTI CRUDE OIL
TRADE SUGGESTION- SELL AT 70.61 TAKE PROFIT AT 69.70 AND STOP LOSS AT 71.48
TRADE SUGGESTION- SELL AT 1783.33, TAKE PROFIT AT 1771.70 AND STOP AT 1789.26
TRADE SUGGESTION- BUY AT 4355.46 TAKE PROFIT AT 4434.73 AND STOP AT 4275.88