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.

TOP 5 STOCKS TO WATCHOUT:-


1.#Apple - Apple said on Monday all its 270 U.S. stores have been opened, the first time in almost a year after it was forced to shutter several outlets because of the COVID-19 pandemic.
The company has been cautious in re-opening its retail stores, using a team that includes medical experts to make its own calls on a county-by-county basis and sometimes shuttering stores again when local rules would otherwise allow stores to operate.
The iPhone maker has also expanded its 'Express' format, a wall built in front of the main store with sales counters protected by plexiglass and a few shelves of accessories such as phone cases and AirPods.
2.#AMZON:-A manager at Amazon.com Inc sued the online retailer for discrimination on Monday, saying it hires Black people for lower positions and promotes them more slowly than white workers, and that she was subjected to harassment.
The lawsuit from Charlotte Newman, a business development head at Amazon Web Services who is Black, said the company suffers from a "systemic pattern of insurmountable discrimination," despite its pledge to fight racism and statements of solidarity from Chief Executive Officer Jeff Bezos.
Seattle-based Amazon said it was investigating the claims. It said it strives for an equitable culture and has no tolerance for discrimination: "These allegations do not reflect those efforts or our values."
The complaint was filed in Washington, D.C., federal court.
Newman, a Harvard Business School graduate and former adviser to U.S. Senator Cory Booker, said Amazon delayed by 2-1/2 years her rise to senior manager by hiring her in 2017 for a more junior role for which she was overqualified, a "de-leveling" that reduces awards of company stock.
She also accused a male supervisor of using racial tropes by calling her "aggressive," "too direct" and "just scary," and another male co-worker of sexually harassing her and once pulling on her braids while saying, "You can leave this behind."
Both men were also named as defendants, and according to the lawsuit the supervisor was required to undergo training while the co-worker was terminated. The co-worker's lawyer could not immediately be identified.
Newman is seeking compensatory and punitive damages. She is represented by Douglas Wigdor, who also represented women suing the former movie producer Harvey Weinstein and Fox News over alleged harassment or discrimination.
Amazon has worked to show support for the Black Lives Matter movement. In September its cloud computing chief Andy Jassy, who will succeed Bezos as Amazon CEO, gave the keynote address at a Black Employee Network entrepreneurship conference.
The news site Recode last week reported allegations of racial disparities in Amazon promotions and performance reviews.
Amazon also faces lawsuits claiming it mistreated workers in its handling of the coronavirus pandemic at its facilities.
3. #NIKE :-Nike Inc on Monday announced the departure of North American business general manager Ann Hebert, days after a report that her son used a credit card in her name to purchase sneakers for his resale company.
The company said the departure of Hebert, vice president and general manager of Nike's North America business, is effective immediately and that it plans to announce a new head for the geography shortly.
Bloomberg Businessweek last week reported that Hebert's son Joe Hebert used a credit card in her name to purchase sneakers for his resale company, West Coast Streetwear. (https://bloom.bg/304NpkK)
The report said Joe Hebert used bots to purchase the most sought-after sneakers after they were released online, spending over $132,000 on the credit card to stock up on the limited edition sneakers for reselling them at a higher price.
Hebert told Bloomberg he had never received inside information from his mother while she was at Nike.
West Coast Streetwear could not be immediately reached for a comment.
Nike in a statement said Hebert had made the decision to resign.