The major Asian stock markets had a green day today:
The major Asian currency markets had a mixed day today:
Some economic news from last night:
Business NZ PMI (Mar) decreased from 51.7 to 48.1
Some economic news from today:
FX Reserves, USD increased from 578.45B to 584.76B
The major Europe stock markets had a green day today:
The major Europe currency markets had a mixed day today:
Some economic news from Europe today:
PPI (MoM) (Mar) increased from -0.2% to 0.2%
French CPI (MoM) (Mar) decreased from 1.1% to 0.7%
French HICP (MoM) (Mar) decreased from 1.1% to 1.0%
Spanish CPI (YoY) (Mar) decreased from 6.0% to 3.3%
Spanish HICP (YoY) (Mar) decreased from 6.0% to 3.1%
Numerous US banks posted positive Q1 revenue reports this Friday. Citigroup ($4.6 billion in net income versus $4.3 billion YoY; $21.45 billion in revenue versus $19.99 billion expected) said personal banking rose 18% YoY. Wells Fargo ($20.73 billion revenue versus $20.08 billion expected; $1.23 per share GAAP versus 90 cents YoY) said it increased its net income by over 30% to nearly $5 billion in Q1. JPMorgan Chase (39.34 billion in revenue vs. $36.19 billion estimate; $4.32 per share vs. $3.41 estimate) saw net interest income rise 50% from the past year as profits rose 52%. Bank of America and Goldman will release their earnings report on Tuesday, while Morgan Stanley is set to release its report on Wednesday. Overall US banks seem to be enjoying the benefits of heightened rates.
US Market Closings:
Canada Market Closings:
Brazil Market Closing:
The oil markets had a mixed day today:
The above data was collected around 12:53 EST on Friday
The above data was collected around 13:00 EST Friday.
Japan 0.471% (+0bp), US 2’s 4.12% (+0.141%), US 10’s 3.5261% (+7.51bps); US 30’s 3.74% (+0.059%), Bunds 2.439% (+6.8bp), France 2.947% (+5.9bp), Italy 4.294% (+7.4bp), Turkey 12.01% (-69bp), Greece 4.310% (+4.1bp), Portugal 3.317% (+7bp); Spain 3.483% (+6.6bp) and UK Gilts 3.652% (+8bp).
The post Market Talk- April 14, 2023 first appeared on Armstrong Economics.