TOP 5 STOCKS TO WATCHOUT:-
1. #FACEBOOK-Facebook has taken down content that spread lies in Israel against coronavirus vaccinations as the government seeks to drum up support for the programme, the Justice Ministry said on Sunday.
Prime Minister Benjamin Netanyahu on Saturday became the first person to be vaccinated in Israel. Opinion polls show some two-thirds of the public want to follow suit.
The Justice Ministry said that, at its request, Facebook took down four groups at the weekend that had disseminated texts, photographs and videos with "deliberately mendacious content designed to mislead about coronavirus vaccines".
2. #HUAWEI-Huawei Chief Financial Officer Meng Wanzhou's alleged actions had "no genuine connection" to the United States, her lawyers have argued in their latest bid to end her extradition from Canada, according to court documents released on Friday.
Meng, 48, was arrested two years ago at the Vancouver airport by Canadian police on an arrest warrant from the United States, where she is charged with bank and wire fraud for allegedly misleading HSBC about Huawei Tech Co Ltd's business dealings in Iran.
She has claimed innocence and is fighting the extradition while under house arrest in Vancouver. Witness testimony wrapped up earlier this week in her case.
Her lawyers have fought to add an additional allegation of abuse of process to the case, claiming that the United States misrepresented Meng's actions to Canada in its request for her extradition, and that her actions did not cause HSBC to violate U.S. sanctions against Iran.
3.#SOFT BANK :- The U.S. unit of SoftBank-backed robotics startup CloudMinds has changed its name to distance itself from the blacklisted China-based firm, two people with knowledge of the matter said, and is selling face-scanning temperature monitors through T-Mobile US.
The unit is selling its cloud-connected products under the new name at a time of heightened concern in the United States about the national security risk of Chinese firms collecting and using the personal data of U.S. citizens.
Documents filed in California showed the unit became Wright Robotics in August, after the United States in May added CloudMinds to its so-called Entity List citing the risk of the firm procuring items and technology for China's military.
The United States can restrict sales to blacklisted firms of goods made domestically as well as goods made abroad containing U.S. technology.
It expanded the definition of military end-use in April to include any firm that supported the maintenance or production of military items even if they primarily did commercial business.
4. #TESLA :-Tesla Inc and Wall Street made 2020 the year that the U.S. auto industry decided to go electric.
Tesla's market capitalization surged above $600 billion, making the once wobbly startup founded by billionaire Elon Musk worth more than the five top-selling global vehicle making groups combined. The exclamation point came on Friday when Tesla rose to a record high in frantic trading ahead of the stock's much-anticipated entrance into the benchmark S&P 500 INDEX..
For 2021, all signs point toward the industry accelerating its shift toward electrification, a turning point as historically momentous as the launch of Ford Motor Co's moving assembly line for the Model T or General Motors 2009 bankruptcy.
5. #AMAZON:-The New Delhi High Court on Monday dismissed India's Future Retail's plea that sought to restrain its partner Amazon.com Inc from interfering in its $3.4 billion asset sale deal with Reliance Industries.
Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led #Reliance Industries. The deal breaches agreements made in 2019 by Future, according to the U.S. online retailer.
In October, Amazon had won an injunction to halt Future's deal with Reliance from a Singapore arbitrator both sides had agreed to use in case of disputes.
Future later said the order was not binding, prompting Amazon to lodge a complaint with India's market regulator
1. #FACEBOOK-Facebook has taken down content that spread lies in Israel against coronavirus vaccinations as the government seeks to drum up support for the programme, the Justice Ministry said on Sunday.
Prime Minister Benjamin Netanyahu on Saturday became the first person to be vaccinated in Israel. Opinion polls show some two-thirds of the public want to follow suit.
The Justice Ministry said that, at its request, Facebook took down four groups at the weekend that had disseminated texts, photographs and videos with "deliberately mendacious content designed to mislead about coronavirus vaccines".
2. #HUAWEI-Huawei Chief Financial Officer Meng Wanzhou's alleged actions had "no genuine connection" to the United States, her lawyers have argued in their latest bid to end her extradition from Canada, according to court documents released on Friday.
Meng, 48, was arrested two years ago at the Vancouver airport by Canadian police on an arrest warrant from the United States, where she is charged with bank and wire fraud for allegedly misleading HSBC about Huawei Tech Co Ltd's business dealings in Iran.
She has claimed innocence and is fighting the extradition while under house arrest in Vancouver. Witness testimony wrapped up earlier this week in her case.
Her lawyers have fought to add an additional allegation of abuse of process to the case, claiming that the United States misrepresented Meng's actions to Canada in its request for her extradition, and that her actions did not cause HSBC to violate U.S. sanctions against Iran.
3.#SOFT BANK :- The U.S. unit of SoftBank-backed robotics startup CloudMinds has changed its name to distance itself from the blacklisted China-based firm, two people with knowledge of the matter said, and is selling face-scanning temperature monitors through T-Mobile US.
The unit is selling its cloud-connected products under the new name at a time of heightened concern in the United States about the national security risk of Chinese firms collecting and using the personal data of U.S. citizens.
Documents filed in California showed the unit became Wright Robotics in August, after the United States in May added CloudMinds to its so-called Entity List citing the risk of the firm procuring items and technology for China's military.
The United States can restrict sales to blacklisted firms of goods made domestically as well as goods made abroad containing U.S. technology.
It expanded the definition of military end-use in April to include any firm that supported the maintenance or production of military items even if they primarily did commercial business.
4. #TESLA :-Tesla Inc and Wall Street made 2020 the year that the U.S. auto industry decided to go electric.
Tesla's market capitalization surged above $600 billion, making the once wobbly startup founded by billionaire Elon Musk worth more than the five top-selling global vehicle making groups combined. The exclamation point came on Friday when Tesla rose to a record high in frantic trading ahead of the stock's much-anticipated entrance into the benchmark S&P 500 INDEX..
For 2021, all signs point toward the industry accelerating its shift toward electrification, a turning point as historically momentous as the launch of Ford Motor Co's moving assembly line for the Model T or General Motors 2009 bankruptcy.
5. #AMAZON:-The New Delhi High Court on Monday dismissed India's Future Retail's plea that sought to restrain its partner Amazon.com Inc from interfering in its $3.4 billion asset sale deal with Reliance Industries.
Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led #Reliance Industries. The deal breaches agreements made in 2019 by Future, according to the U.S. online retailer.
In October, Amazon had won an injunction to halt Future's deal with Reliance from a Singapore arbitrator both sides had agreed to use in case of disputes.
Future later said the order was not binding, prompting Amazon to lodge a complaint with India's market regulator
DAILY FUNDAMENTAL SNAPSHOTS
Asia Pacific stocks were down on Tuesday morning, with a new COVID-19 strain threatening to trigger a fresh wave of lockdowns and travel restrictions dampening sentiment.TheShanghai composite isdown1.91% at3,355.113. Overall, the Singapore MSCI down0.40% at 319.90.Over in Hong Kong, the Hang Seng Index down1.21% to 26,025. In Japan, the Nikkei 225 down1.16% at 26,340, while the Topix index wasdown1.37% to 1759.5. South Korea’s Kospi down1.62% to 2733.68. Australia S&P/ASX 200 down1.05% to6599.6.
European equitiesMondayclosing. The DAX futures contract in Germany traded 2.82% down at 13246.20, CAC 40 futures down2.43% at5393.3and the UK 100 futures contract in the U.K.down1.73% at 6,416.3.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up0.12% at 30216.5the S&P 500down0.39% to 3694.9and the Nasdaq 100down 0.28% at12667.3,NYSE closes at 14378.849down0.61%.
In the Forex market, #GBPUSD down0.43% at 1.33998. The #USDJPY up 0.15% at103.449.The #USDCHF up0.22% at 0.88744.#EURUSD down0.19% at 1.22175, #EUR/GBPup 0.33% at 0.91190. The USD/CNY up 0.06%at 6.5503, at the time of writing.
In the #commodity market U.S. #Gold futures down0.38% at $1,869.61. Elsewhere, Silver futures down1.51% to $25.741per ounce, Platinum down1.92% at $992.10per ounce, and Palladium down0.09% to $2,314.50.
#Crude Oil downonTuesday; #Brent crude oildown 2.16% to $49.72barrel while U.S. West Texas Intermediate (CLc1) isdown 0.61% at $47.63.
In the Cryptocurrency Markets, #BTCUSD at 23816.24up0.28%, #Ethereum at603.52 down0.70%, #Litecoin at 101.97 down2.34%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
#GOLDMAN SACHS up6.133%at $256.98,#MORGAN STANLEY up5.687% at$67.83,#NIKE Inc.up 4.91% to $144.02,#CITI GROUP Inc.up 3.674% to $61.23,#TESLA Inc.down6.495% to $649.86,#TECHNIP FMC PLC down3.481% at $9.15.
Economic news:
US:A majority of the Democratic-controlled U.S. House of Representatives on Monday voted to pass a $900 billion coronavirus aid bill, which is attached to federal agency spending needed to avert a government shutdown at midnight when existing money expires.
With the bill headed toward House passage, it would next be considered by the Senate, which is standing by in what is expected to be an overwhelming vote of approval.
Eurozone: The European Union has opened two investigations into Chinese exporters to assess whether steel screws are being sold in the bloc at excessively low prices and whether optical fibre cables are benefiting from unfair subsidies.
The EU increasingly sees China as a systemic rival and has 23 investigations underway into various products exported from the country, which makes up about half of the EU's total number of investigations into trade dumping or subsidies.
One of the new investigations is into alleged dumping of iron and steel screws, bolts and washers after a complaint from the European Industrial Fasteners Institute, the EU official journal said on Monday.
The Institute alleges that Chinese exporters have increased shipments, increased market share and harmed EU producers through their low prices.
Important Data:UKGDP (QoQ) (Q3)today at2:00 this time estimate to be 15.5%,previously which was -19.8%.USGDP (QoQ) (Q3)today at8:30 this time estimate to be33.1%, previously which was -31.4%.AUSTRALIAPrivate Sector Credit (MoM) (Nov)today at19:30, previously which was 0.0%.GERMANY GfK German Consumer Climate (Jan)today at 2:00previously which was
-6.7.
Asia Pacific stocks were down on Tuesday morning, with a new COVID-19 strain threatening to trigger a fresh wave of lockdowns and travel restrictions dampening sentiment.TheShanghai composite isdown1.91% at3,355.113. Overall, the Singapore MSCI down0.40% at 319.90.Over in Hong Kong, the Hang Seng Index down1.21% to 26,025. In Japan, the Nikkei 225 down1.16% at 26,340, while the Topix index wasdown1.37% to 1759.5. South Korea’s Kospi down1.62% to 2733.68. Australia S&P/ASX 200 down1.05% to6599.6.
European equitiesMondayclosing. The DAX futures contract in Germany traded 2.82% down at 13246.20, CAC 40 futures down2.43% at5393.3and the UK 100 futures contract in the U.K.down1.73% at 6,416.3.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up0.12% at 30216.5the S&P 500down0.39% to 3694.9and the Nasdaq 100down 0.28% at12667.3,NYSE closes at 14378.849down0.61%.
In the Forex market, #GBPUSD down0.43% at 1.33998. The #USDJPY up 0.15% at103.449.The #USDCHF up0.22% at 0.88744.#EURUSD down0.19% at 1.22175, #EUR/GBPup 0.33% at 0.91190. The USD/CNY up 0.06%at 6.5503, at the time of writing.
In the #commodity market U.S. #Gold futures down0.38% at $1,869.61. Elsewhere, Silver futures down1.51% to $25.741per ounce, Platinum down1.92% at $992.10per ounce, and Palladium down0.09% to $2,314.50.
#Crude Oil downonTuesday; #Brent crude oildown 2.16% to $49.72barrel while U.S. West Texas Intermediate (CLc1) isdown 0.61% at $47.63.
In the Cryptocurrency Markets, #BTCUSD at 23816.24up0.28%, #Ethereum at603.52 down0.70%, #Litecoin at 101.97 down2.34%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
#GOLDMAN SACHS up6.133%at $256.98,#MORGAN STANLEY up5.687% at$67.83,#NIKE Inc.up 4.91% to $144.02,#CITI GROUP Inc.up 3.674% to $61.23,#TESLA Inc.down6.495% to $649.86,#TECHNIP FMC PLC down3.481% at $9.15.
Economic news:
US:A majority of the Democratic-controlled U.S. House of Representatives on Monday voted to pass a $900 billion coronavirus aid bill, which is attached to federal agency spending needed to avert a government shutdown at midnight when existing money expires.
With the bill headed toward House passage, it would next be considered by the Senate, which is standing by in what is expected to be an overwhelming vote of approval.
Eurozone: The European Union has opened two investigations into Chinese exporters to assess whether steel screws are being sold in the bloc at excessively low prices and whether optical fibre cables are benefiting from unfair subsidies.
The EU increasingly sees China as a systemic rival and has 23 investigations underway into various products exported from the country, which makes up about half of the EU's total number of investigations into trade dumping or subsidies.
One of the new investigations is into alleged dumping of iron and steel screws, bolts and washers after a complaint from the European Industrial Fasteners Institute, the EU official journal said on Monday.
The Institute alleges that Chinese exporters have increased shipments, increased market share and harmed EU producers through their low prices.
Important Data:UKGDP (QoQ) (Q3)today at2:00 this time estimate to be 15.5%,previously which was -19.8%.USGDP (QoQ) (Q3)today at8:30 this time estimate to be33.1%, previously which was -31.4%.AUSTRALIAPrivate Sector Credit (MoM) (Nov)today at19:30, previously which was 0.0%.GERMANY GfK German Consumer Climate (Jan)today at 2:00previously which was
-6.7.