Market Talk – August 6, 2019

ASIA:

The major Asian stock markets had a mixed day today:

  • Shanghai decreased 43.94 points or -1.56% to 2,777.56
  • Kospi decreased 29.48 points or -1.51% to 1,917.50
  • ASX 200 decreased 162.20 points or -2.44% to 6,478.10
  • NIKKEI 225 decreased 134.98 points or -0.65% to 20,585.31
  • Hang Seng decreased 175.08 points or -0.67% to 25,976.24
  • SENSEX increased 277.01 points or 0.75% to 36,967.85

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.0004 or 0.05% to 0.6760
  • NZDUSD decreased 0.0001 or 0.01% to 0.6526
  • USDJPY increased 0.6210 or 0.59% to 106.5610
  • USDCNY decreased 0.0424 or 0.60% to 7.0558

Precious Metals:

  • Gold increased 7.6 USD/t oz. or 0.52% to 1,473.88
  • Silver increased 0.0305 USD/t. oz or 0.19% to 16.4161

Some economic news from last night:

Australia:

  • ANZ Job Advertisements (MoM) decreased from 4.9% to 0.8%
  • Exports (MoM) (Jun) decreased from 4% to 1%
  • Imports (MoM) (Jun) decreased from 1% to -4%
  • Trade Balance (Jun) increased from 6.173B to 8.036B

New Zealand:

  • Inflation Expectations (QoQ) decreased from 2.0% to 1.9%
  • Employment Change (QoQ) (Q2) increased from -0.2% to 0.8%
  • Labor Cost Index (YoY) (Q2) increased from 2.0% to 2.2%
  • Labor Cost Index (QoQ) (Q2) increased from 0.3% to 0.8%
  • Participation Rate (Q2) remain the same at 70.40%
  • Unemployment Rate (Q2) deceased from 4.2% to 3.9%

South Korea:

  • Current Account (Jun) increased from 4.81B to 6.38B

Japan:

  • Average Cash Earnings (YoY) increased from -0.5% to 0.4%
  • Household Spending (MoM) (Jun) decreased from 5.5% to -2.8%
  • Household Spending (YoY) (Jun) decreased from 4.0% to 2.7%
  • Overtime Pay (YoY) (Jun) decreased from 0.90% to -0.20%
  • Overall Labor Cash Earnings (Jun) increased from -0.5% to 0.4%

Indonesia:

  • Consumer Confidence (Jul) decreased from 126.4 to 124.8

Some economic news from today:

Australia:

  • RBA Interest Rate Decision (Aug) remain the same at 1.00%

New Zealand:

  • GlobalDairyTrade Price Index decreased from 2.7% to -2.6%

Japan:

  • Coincident Indicator (MoM) (Jun) decreased from 1.3% to -3.0%
  • Leading Index decreased from 94.9 to 93.3
  • Leading Index (MoM) (Jun) decreased from -1.0% to -1.6%

EUROPE/EMEA:

The major Europe stock markets had a negative day today:

  • CAC 40 decreased 6.89 points or -0.13% to 5,234.65
  • FTSE 100 decreased 52.16 points, or -0.72% to 7,171.69
  • DAX decreased 90.55 points or -0.78% to 11,567.96

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.0007 or 0.06% to 1.1195
  • GBPUSD increased 0.0005 or 0.04% to 1.2146
  • USDCHF increased 0.0043 or 0.44% to 0.9776

Some economic news from Europe:

Germany:

  • German Factory Orders (MoM) (Jun) increased from -2.0% to 2.5%

U.S./AMERICAS:

U.S. Market Closings:

  • The Dow advanced 311.78 points or 1.21% to 26,029.52
  • S&P 500 advanced 37.03 points or 1.30% to 2,881.77
  • Nasdaq advanced 107.22 points or 1.39% to 7,833.27
  • Russell 2000 advanced 14.67 points or 0.99% to 1,502.09

Canada Market Closings:

  • TSX Composite declined 122.17 points or -0.75% to 16,149.49
  • TSX 60 declined 8.18 points or -0.84% to 961.31

Brazil Market Closing:

  • Bovespa advanced 2,065.94 points or 2.06% to 102.163.69

ENERGY:

The oil markets had a mixed day today:

  • Crude Oil decreased 0.9 USD/BBL or -1.65% to 53.6803
  • Brent decreased 0.65 USD/BBL or -1.09% to 59.0357
  • Natural gas increased 0.031 USD/MMBtu or 1.50% to 2.0979
  • Gasoline decreased 0.0281 USD/GAL or -1.64% to 1.6917
  • Heating oil decreased 0.0061 USD/GAL or -0.33% to 1.8286
  • Top commodity gainers: Orange Juice (4.52%), Lumber (2.51%), Palladium(1.89%), and Coffee (0.89%)
  • Top commodity losers: Steel (-3.75 %), Cocoa (-2.25%), Wheat (-2.02%), and Crude Oil (-1.65%)

The above data was collected around 15:05 EST on Tuesday.

BONDS:

Japan -0.18%(+2bp), US 2’s 1.61% (+3bps), US 10’s 1.73%(-0bps), US 30’s 2.26%(-3bps), Bunds -0.53% (-2bp), France -0.26% (-3bp), Italy 1.50% (-6bp), Turkey 15.10% (-2bp), Greece 2.06% (+1bp), Portugal 0.27% (-2bp), Spain 0.24% (-2bp) and UK Gilts 0.52% (+0bp).

  • US 3-Year Note Auction decreased from 1.857% to 1.562%
  • Japan 30-Year JGB Auction decreased from 0.360% to 0.290%
  • UK 5-Year Treasury Gilt Auction decreased from 0.620% to 0.367%

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