Asia Pacific stocks were mostly down on Thursday morning. The Shanghai composite is down 0.68% at 3,631.45. Overall, the Singapore MSCI up 0.52% at 354.80. Over in Hong Kong, the Hang Seng Index down 2.06% at 24,521. In Japan, the Nikkei 225 down 0.59% at 30,170, while the Topix index is down 0.26% at 2077.0. South Korea’s Kospi down 0.36% to 3142.15. Australia S&P/ASX 200 up 0.61% at 7462.2.
European equities Wednesday closing. The DAX futures contract in Germany traded down 0.68% at 15616.00, CAC 40 futures down 1.04% at 6583.63 and the UK 100 futures contract in the U.K. down 0.25% at 7,016.49.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.68% at 34814.40. The S&P 500 up 0.85% at 4480.69 and the Nasdaq 100 down 0.10% at 15508.9, NYSE closes at 16626.88 up 0.79%.
In the Forex market, GBPUSD up 0.01% at 1.38371. The USDJPY down 0.10% at 109.266. The USDCHF up 0.03% at 0.9199. EURUSD down 0.04% at 1.18113, EUR/GBP up 0.05% at 0.85357. The USD/CNY up 0.02% at 6.4339 at the time of writing.
In the commodity market U.S. Gold futures down 0.14% at $1,791.88. Elsewhere, Silver futures up 0.08% to $23.84 per ounce, Platinum down 0.03% at $946.69 per ounce, and Palladium up 1.47% at $2038.00.
Crude Oil up on Thursday; Brent crude oil up 0.19% at $75.61 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.16% at $70.87.
In the Cryptocurrency Markets, BTCUSD at 48258.63 up 0.22%, Ethereum up 0.89% at 3645.14, Litecoin at 190.87 up 0.88%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Marathon Oil Corp. up 7.673% at $12.63, Devon Energy Corp. up 7.287% at $30.33, Starbucks Corp. down 3.55% to $114.64, Qualcomm Inc. down 2.055% to $138.24, eBay Inc. up 3.642% to $73.99, Adobe Inc. up 2.491% at $661.08.
US: President Joe Biden was meeting separately with moderate Democratic U.S. Senators Joe Manchin and Kyrsten Sinema on Wednesday to discuss Democratic-backed domestic spending legislation, the White House said.
Democrats hold a slim majority in the Senate, making Manchin and Sinema critical to the $3.5 trillion bill’s prospects.
White House press secretary Jen Psaki told reporters that the purpose of the meetings was to discuss a “path forward” on Biden’s proposed legislation.
Sinema spokesman John LaBombard said, “Today’s meeting was productive, and Kyrsten is continuing to work in good faith with her colleagues and President Biden as this legislation develops.”
LaBombard did not provide details of the conversation.
Eurozone: Britain’s inflation rate hit its highest in almost a decade last month after a record jump that was largely fuelled by a rebound in restaurant prices which were artificially pushed down a year ago by government subsidies.
Consumer prices in August rose by 3.2% year-on-year, the highest annual inflation rate since March 2012 and up from 2.0% in July, the Office for National Statistics said.
Statisticians said the one-off effect of the government’s “Eat Out to Help Out” scheme, which briefly offered diners a discount on meals to help a sector hit by the pandemic, would vanish from next month’s data.
But the Bank of England is still braced later this year for inflation to hit 4% due to higher energy prices and pandemic bottlenecks which it expects will fade over the course of 2022.
August’s 1.2 percentage point rise in the annual rate of inflation marked the sharpest increase since detailed records started in 1997. None of the 37 economists polled by Reuters had expected such a strong reading, with the median forecast instead pointing to consumer price inflation at 2.9%.
Important Data: US Core Retail Sales (MoM) (Aug) today at 8:30 this time estimated -0.1%, previously which was -0.4%. US Initial Jobless Claims today at 8:30 this time estimated 330K, previously which was 310K. CANADA Wholesale Sales (MoM) (Jul) today at 8:30 this time estimated -2.0%, previously which was -0.8%. RUSSIA Central Bank reserves (USD) today at 9:00 previously which was 620.8B.
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WTI CRUDE OIL
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TRADE SUGGESTION- BUY AT 190.79 TAKE PROFIT AT 195.02 AND STOP AT 186.13