Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai composite is up 0.24% at 3,571.18. Overall, the Singapore MSCI down 1.37% at 348.50. Over in Hong Kong, the Hang Seng Index down 1.64% at 23,342.00. In Japan, the Nikkei 225 down 0.64% at 28,040.00, while the Topix index is down 0.13% at 1945.0. South Korea’s Kospi down 1.83% to 2856.12. Australia S&P/ASX 200 up 0.22% at 7256.0.
European equities Monday closing. The DAX futures contract in Germany traded up 0.16% at 15280.86, CAC 40 futures up 0.54% at 6776.26 and the UK 100 futures contract in the U.K. up 0.94% at 7,109.96.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.68% at 35135.95. The S&P 500 up 1.32% at 4655.26 and the Nasdaq 100 up 2.33% at 16399.24, NYSE closes up 0.36% at 16683.98.
In the Forex market, GBPUSD up 0.03% at 1.3316. The USDJPY down 0.33% at 113.159. The USDCHF down 0.15% at 0.92121. EURUSD up 0.18% at 1.131, EUR/GBP up 0.20% at 0.8494. The USD/CNY down 0.23% at 6.373 at the time of writing.
In the commodity market U.S. Gold futures up 0.52% at $1,793.34. Elsewhere, Silver futures up 0.11% to $22.897 per ounce, Platinum flat at $961.00 per ounce, and Palladium down 0.06% at $1792.00.
Crude Oil mix on Tuesday; Brent crude oil down 1.93% at $71.92 per barrel while U.S. West Texas Intermediate (CLc1) is up 2.76% at $70.68.
In the Cryptocurrency Markets, Bitcoin at 56627.28 down 2.11%, Ethereum down 0.71% at 4417.16, Litecoin at 201.49 down 2.14%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Moderna Inc. up 11.795% at $368.51, NVIDIA Corp. up 5.946% at $333.76, Microchip Technology Inc. up 5.408% to $84.40, Tesla Inc. up 5.09% to $1,136.99,
ETSY Inc. down 3.398% to $281.48, Pfizer Inc. down 2.963% at $52.40.
US: The Democratic-controlled U.S. Congress could vote as early as Wednesday to continue funding the federal government, according to congressional aides, avoiding what would be a politically embarrassing partial shutdown.
Negotiators were working out how long to extend government funding, with sources saying the target ranged from mid-January to as late as February. Congress needs to buy time to tackle another looming crisis – the risk of the federal government defaulting on its $28.9 trillion debt if lawmakers do not extend it.
The House of Representatives and Senate have until midnight on Friday to renew temporary legislation maintaining government operations, ranging from national parks and air traffic control to military pay and medical research.
“After the House takes action this week, the Democratic-led Senate will move forward to make sure the government remains funded after the deadline,” Senate Majority Leader Chuck Schumer said in a speech. “With so many critical issues, the last thing the American people need right now is a government shutdown.”
Eurozone: Costs are rising at the fastest rate in over 20 years for firms in Britain’s services sector, according to a business survey released on Tuesday which shows why the Bank of England may soon raise interest rates.
The Confederation of British Industry said its quarterly survey of the services sector showed the quickest growth in costs for both business and consumer services companies since the survey began in 1998.Separate data from Lloyds (LON:LLOY) Bank showed a record 50% of businesses plan to raise prices and a quarter of them expect to raise pay by 3% or more over the next 12 months.
“Record growth in costs is threatening to put a winter freeze on the service sector recovery next quarter,” CBI economist Charlotte Dendy said.
Both surveys took place in the first half of November, before news of the Omicron variant of COVID-19 dented the confidence of financial market investors who now see a roughly 60% chance that the BoE will raise rates in December.
British consumer price inflation hit a 10-year high of 4.2% in October and the BoE expects it to reach nearly 5% next year.
Important Data: Germany Unemployment Change (Nov) today at 3:55 this time estimated -25K, previously which was -39K. EURO ZONE CPI (YoY) (Nov) at 19:30 this time estimated 4.5%, previously which was 4.1%. CANADA GDP (MoM) (Sep) today at 8:30 this time estimated 0.1%, previously which was 0.4%. AUSTRALIA GDP (QoQ) (Q3) today at 19:30 this time estimated -2.7%, previously which was 0.7%.
TRADE SUGGESTION- SELL AT 1.3312, TAKE PROFIT AT 1.3294 AND STOP LOSS AT 1.3350
TRADE SUGGESTION- SELL AT 1.13121, TAKE PROFIT AT 1.12869 AND STOP LOSS AT 1.13481
TRADE SUGGESTION- SELL AT 113.161, TAKE PROFIT AT 112.767 AND STOP LOSS AT 113.473
TRADE SUGGESTION- SELL AT 0.92159, TAKE PROFIT AT 0.92019 AND STOP LOSS AT 0.92411.
TRADE SUGGESTION- SELL AT 28389.00 TAKE PROFIT AT 28113.00 AND STOP LOSS AT 28622.00
WTI CRUDE OIL
TRADE SUGGESTION- SELL AT 67.46 TAKE PROFIT AT 66.64 AND STOP LOSS AT 68.24
TRADE SUGGESTION- SELL AT 1793.56, TAKE PROFIT AT 1782.31 AND STOP AT 1803.31
TRADE SUGGESTION- SELL AT 56512.90 TAKE PROFIT AT 55272.97 AND STOP AT 57832.82