Market Talk – February 23, 2022

ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 368.78 points or -1.34% to 27,104.32
  • Shanghai decreased 3.67 points or -0.11% to 3,287.48
  • Hang Seng decreased 72.49 points or -0.35% to 20,351.35
  • ASX 200 decreased 29.10 points or -0.40% to 7,285.40
  • Kospi increased 21.41 points or 0.80% to 2,439.09
  • SENSEX decreased 139.18 points or -0.23% to 59,605.80
  • Nifty50 decreased 43.05 points or -0.25% to 17,511.25

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.0017 or -0.25% to 0.67860
  • NZDUSD decreased 0.00103 or -0.17% to 0.62067
  • USDJPY decreased 0.102 or -0.08% to 134.798
  • USDCNY increased 0.01871 or 0.27% to 6.92361

 

Precious Metals:

  • Gold decreased 4.37 USD/t oz. or -0.24% to 1,820.67
  • Silver decreased 0.16 USD/t. oz or -0.75% to 21.342

 

Some economic news from last night:

Australia:

Private New Capital Expenditure (QoQ) (Q4) increased from 0.6% to 2.2%

 

Some economic news from today:

Hong Kong:

CPI (YoY) (Jan) increased from 2.0% to 2.4%

Singapore:

Core CPI (YoY) (Jan) increased from 5.1% to 5.5%

CPI (YoY) (Jan) increased from 6.5% to 6.6%

 

EUROPE/EMEA:

 

The major Europe stock markets had a mixed day:

  • CAC 40 increased 18.17 points or 0.25% to 7,317.43
  • FTSE 100 decreased 22.91 points or -0.29% to 7,907.72
  • DAX 30 increased 75.80 points or 0.49% to 15,475.69

 

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00181 or -0.17% to 1.05829
  • GBPUSD decreased 0.00299 or -0.25% to 1.20141
  • USDCHF increased 0.0032 or 0.34% to 0.93440

 

 

Some economic news from Europe today:

Euro Zone:

Core CPI (YoY) (Jan) increased from 5.2% to 5.3%

CPI (MoM) (Jan) increased from -0.4% to -0.2%

CPI (YoY) (Jan) decreased from 9.2% to 8.6%

 

US/AMERICAS:

US Market Closings:

  • Dow advanced 108.82 points or 0.33% to 33,153.91
  • S&P 500 advanced 21.27 points or 0.53% to 4,012.32
  • Nasdaq advanced 83.33 points or 0.72% to 11,590.4
  • Russell 2000 advanced 13.42 points or 0.71% to 1,908.09

 

Canada Market Closings:

  • TSX Composite declined by 5.14 points or -0.03% to 20,188.19
  • TSX 60 declined by 1.52 points or -0.12% to 1,215.65

 

Brazil Market Closing:

  • Bovespa advanced by 440.82 points or 0.41% to 107.592.87

 

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil increased 0.999 USD/BBL or 1.35% to 74.949
  • Brent increased 0.913 USD/BBL or 1.13% to 81.513
  • Natural gas increased 0.0425 USD/MMBtu or 1.95% to 2.2165
  • Gasoline increased 0.0317 USD/GAL or 1.36% to 2.3693
  • Heating oil decreased 0.046 USD/GAL or -1.69% to 2.6688

 

The above data was collected around 12:10 EST on Thursday

 

  • Top commodity gainers: Palm Oil (2.15%), HRC Steel (5.23%), Natural Gas (1.95%) and Methanol (2.15%)
  • Top commodity losers: Copper (-3.30%), Coffee (-2.96%), Potatoes (-2.80%) and Palladium (-3.02%)

 

The above data was collected around 12:17 EST Thursday.

 

 

BONDS:

 

Japan 0.504% (-0.1bp), US 2’s 4.70% (-0.004%), US 10’s 3.9040% (-1.9bps); US 30’s 3.89% (-0.038%), Bunds 2.479% (-3.5bp), France 2.956% (-4.5bp), Italy 4.383% (-7.8bp), Turkey 10.23% (-7bp), Greece 4.40% (-4.4bp), Portugal 3.385% (-4.6bp); Spain 3.522% (-6.5bp) and UK Gilts 3.579% (-2.3bp).

 

The post Market Talk – February 23, 2022 first appeared on Armstrong Economics.

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