Market Talk – February 24, 2023

ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 349.16 points or 1.29% to 27,453.48
  • Shanghai decreased 20.32 points or -0.62% to 3,267.16
  • Hang Seng decreased 341.31 points or -1.68% to 20,010.04
  • ASX 200 increased 21.60 points or 0.30% to 7,307.00
  • Kospi decreased 15.48 points or -0.63% to 2,423.61
  • SENSEX decreased 141.87 points or -0.24% to 59,463.93
  • Nifty50 decreased 45.45 points or -0.26% to 17,465.80

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.0071 or -1.04% to 0.67360
  • NZDUSD decreased 0.00616 or -0.99% to 0.61644
  • USDJPY increased 1.636 or 1.21% to 136.336
  • USDCNY increased 0.05776 or 0.84% to 6.97506

 

Precious Metals:

  • Gold decreased 10.21 USD/t oz. or -0.56% to 1,812.43
  • Silver decreased 0.405 USD/t. oz or -1.90% to 20.887

 

Some economic news from last night:

Japan:
National Core CPI (YoY) (Jan) increased from 4.0% to 4.2%

 

Some economic news from today:

India:

Bank Loan Growth decreased from 16.3% to 16.1%

Deposit Growth decreased from 10.5% to 10.2%

FX Reserves, USD decreased from 566.95B to 561.27B

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a negative day:

  • CAC 40 decreased 130.16 points or -1.78% to 7,187.27
  • FTSE 100 decreased 29.06 points or -0.37% to 7,878.66
  • DAX 30 decreased 265.95 points or -1.72% to 15,209.74

 

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00492 or -0.46% to 1.05458
  • GBPUSD decreased 0.0063 or -0.52% to 1.19500
  • USDCHF increased 0.0063 or 0.67% to 0.94010

 

Some economic news from Europe today:

Germany:

German GDP (YoY) (Q4) decreased from 0.5% to 0.3%

German GDP (QoQ) (Q4) decreased from -0.2% to -0.4%

GfK German Consumer Climate (Mar) increased from -33.8 to -30.5

Swiss:
Employment Level (Q4)  increased from 5.362M to 5.398M

US/AMERICAS:

 

US Market Closings:

  • Dow declined 336.99 points or -1.02% to 32,816.92
  • S&P 500 declined 42.28 points or -1.05% to 3,970.04
  • Nasdaq declined 195.46 points or -1.69% to 11,394.94
  • Russell 2000 declined 17.61 points or -0.92% to 1,890.49

 

Canada Market Closings:

  • TSX Composite advanced 31 points or 0.15% to 20,219.19
  • TSX 60 advanced 2.52 points or 0.21% to 1,218.17

 

Brazil Market Closing:

  • Bovespa declined 1,794.44 points or -1.67% to 105,798.43

 

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil increased 0.566 USD/BBL or 0.75% to 75.956
  • Brent increased 0.835 USD/BBL or 1.02% to 83.045
  • Natural gas increased 0.091 USD/MMBtu or 3.74% to 2.5230
  • Gasoline decreased 0.0224 USD/GAL or -0.94% to 2.3571
  • Heating oil increased 0.049 USD/GAL or 1.81% to 2.7571

 

The above data was collected around 12:07 EST on Friday

 

  • Top commodity gainers: Orange Juice (3.90%), HRC Steel (2.76%), Natural Gas (3.74%) and Cotton (3.12%)
  • Top commodity losers: Copper (-2.30%), Platinum (-3.61%), Wheat (-3.41%) and Palladium (-4.38%)

 

The above data was collected around 12:13 EST Friday.

 

 

BONDS:

 

Japan 0.500% (-0.5bp), US 2’s 4.83% (+0.133%), US 10’s 3.9628% (+8.18bps); US 30’s 3.94% (+0.067%), Bunds 2.538% (+6.3bp), France 3.019% (+7.4bp), Italy 4.437% (+6.7bp), Turkey 10.23% (+0bp), Greece 4.43% (+3.2bp), Portugal 3.445% (+8.6bp); Spain 3.592% (+7.4bp) and UK Gilts 3.661% (+7.1bp).

The post Market Talk – February 24, 2023 first appeared on Armstrong Economics.

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