Market Talk – March 29, 2023

ASIA:

The major Asian stock markets had a mixed day today:

• NIKKEI 225 increased 365.53 points or 1.33 % to 27,883.78
• Shanghai decreased 5.32 points or -0.16% to 3,240.06
• Hang Seng increased 407.75 points or 2.06% to 20,192.40
• ASX 200 increased 16.20 points or 0.23% to 7,050.30
• Kospi increased 8.98 points or 0.37% to 2,443.92
• SENSEX increased 346.37 points or 0.60% to 57,960.09
• Nifty50 increased 129.00 points or 0.76% to 17,080.70

The major Asian currency markets had a mixed day today:

• AUDUSD decreased 0.00216 or -0.32% to 0.66874
• NZDUSD decreased 0.0027 or -0.43% to 0.62260
• USDJPY increased 1.689 or 1.29% to 132.549
• USDCNY increased 0.01175 or 0.17% to 6.88965

Precious Metals:

• Gold decreased 7.82 USD/t oz. or -0.40% to 1,965.87
• Silver increased 0.034 USD/t. oz or 0.14% to 23.291

Some economic news from last night:

Australia:

CPI (YoY) decreased from 7.4% to 6.8%

EUROPE/EMEA:

The major Europe stock markets had a green day:

• CAC 40 increased 98.65 points or 1.39% to 7,186.99
• FTSE 100 increased 80.02 points or 1.07% to 7,564.27
• DAX 30 increased 186.76 points or 1.23% to 15,328.78

The major Europe currency markets had a negative day today:

• EURUSD decreased 0.00109 or -0.10% to 1.08321
• GBPUSD decreased 0.00209 or -0.17% to 1.23191
• USDCHF decreased 0.00029 or -0.03% to 0.91921

Some economic news from Europe today:

Germany:

GfK German Consumer Climate (Apr) increased from -30.6 to -29.5

US/AMERICAS:

Wall Street closed in the green this Wednesday. All 11 sectors of the S&P 500 experienced a rise, especially technology (1.9%) and real estate (1.7%). International capital flowed back into the US as the Dow added over 300 points. The technology sector in general saw a positive day of trading, leading to the Nasdaq closing in the green as well. US banking fears have temporarily quelled after Powell and Yellen directed damage control last week following the banking failures experienced earlier in the month.

US Market Closings:

• Dow advanced 323.35 points or 1% to 32,717.6
• S&P 500 advanced 56.54 points or 1.42% to 4,027.81
• Nasdaq advanced 210.16 points or 1.79% to 11,926.24
• Russell 2000 advanced 18.97 points or 1.08% to 1,771.6

Canada Market Closings:

• TSX Composite advanced 180.12 points or 0.92% to 19,837.65
• TSX 60 advanced 11.8 points or 1% to 1,192.08

Brazil Market Closing:

• Bovespa advanced 607.43 points or 0.6% to 101,792.52

ENERGY:

The oil markets had a mixed day today:

• Crude Oil increased 0.397 USD/BBL or 0.54% to 73.597
• Brent increased 0.198 USD/BBL or 0.25% to 78.848
• Natural gas decreased 0.0042 USD/MMBtu or -0.20% to 2.1428
• Gasoline decreased 0.0346 USD/GAL or -1.28% to 2.6775
• Heating oil decreased 0.0627 USD/GAL or -2.26% to 2.7069

The above data was collected around 11:33 EST on Wednesday

• Top commodity gainers: Wheat (1.05%), Orange Juice (3.96%), Rapeseed (1.64%) and Zinc (1.45%)
• Top commodity losers: Coffee (-2.53%), Lumber (-1.47%), Heating Oil (-2.26%) and HRC Steel (-5.46%)

The above data was collected around 11:38 EST Wednesday.

BONDS:

Japan 0.300% (-1.9bp), US 2’s 4.05% (-0.017%), US 10’s 3.5526% (-1.54bps); US 30’s 3.77% (-0.011%), Bunds 2.313% (+2.9bp), France 2.823% (+1.2bp), Italy 4.140% (-0.1bp), Turkey 10.61% (-30bp), Greece 4.241% (+3.6bp), Portugal 3.198% (+1.6bp); Spain 3.333% (+0.3bp) and UK Gilts 3.455% (+0.1bp).

The post Market Talk – March 29, 2023 first appeared on Armstrong Economics.