Power Breakfast: Asian Markets In Good Mood; Other Asian Markets Including Japan Climbed Up To 0.5%

Asian markets are in a good mood. Other Asian markets including Japan gained up to 0.5%. Today there is holiday in Hong Kong, UK, Australia, Canada. China will stop requiring inbound travelers to go into quarantine starting from Jan 8. PCR test will be mandatory only before coming to China. China’s management of Covid-19 will also be downgraded to the less strict Category B from the current top-level Category A. After implementing strict rules for 3 years, now it has been relaxed. Gold crossed $1800 with gains. Crude February futures reached near $87. At the same time, the strength in natural gas remains intact.