Market Talk – June 2, 2023

ASIA:

The major Asian stock markets had a green day today:

• NIKKEI 225 increased 376.21 points or 1.21% to 31,524.22
• Shanghai increased 25.43 points or 0.79% to 3,230.07
• Hang Seng increased 733.03 points or 4.02% to 18,949.94
• ASX 200 increased 34.30 points or 0.48% to 7,145.10
• Kospi increased 32.19 points or 1.25% to 2,601.36
• SENSEX increased 118.57 points or 0.19% to 62,547.11
• Nifty50 increased 46.35 points or 0.25% to 18,534.10

The major Asian currency markets had a mixed day today:

• AUDUSD increased 0.0046 or 0.70% to 0.66160
• NZDUSD increased 0.00014 or 0.02% to 0.60714
• USDJPY increased 0.978 or 0.70% to 139.768
• USDCNY decreased 0.00209 or -0.03% to 7.10151

Precious Metals:

• Gold decreased 20.9 USD/t oz. or -1.06% to 1,956.98
• Silver decreased 0.224 USD/t. oz or -0.94% to 23.681

Some economic news from last night:

Australia:

Home Loans (MoM) decreased from 5.5% to -3.8%

South Korea:

CPI (YoY) (May) decreased from 3.7% to 3.3%

Some economic news from today:

India:

Bank Loan Growth decreased from 15.5% to 15.4%

Deposit Growth increased from 10.4% to 10.9%

FX Reserves, USD decreased from 593.48B to 589.14B

EUROPE/EMEA:

The major Europe stock markets had a green day today:

• CAC 40 increased 133.26 points or 1.87% to 7,270.69
• FTSE 100 increased 117.01 points or 1.56% to 7,607.28
• DAX 30 increased 197.57 points or 1.25% to 16,051.23

The major Europe currency markets had a mixed day today:

• EURUSD decreased 0.00454 or -0.42% to 1.07156
• GBPUSD decreased 0.00662 or -0.53% to 1.24588
• USDCHF increased 0.00315 or 0.35% to 0.90845

Some economic news from Europe today:

Spain:

Spanish Unemployment Change increased from -73.9K to -49.3K

US/AMERICAS:

The US Bureau of Labor Statistics reported that in May 2023, total nonfarm payroll employment rose by 339,000, and the unemployment rate rose to 3.7%. The national unemployment rate has ranged from 3.4% to 3.7% since March 2022. This marks the highest rate of unemployment since October 2022. Hourly earnings rose 0.3% on the monthly level, and increased 4.3% YoY. The average American workweek decreased by 0.1 hours to 34.3. Professional and business services saw the largest gain after adding 64,000 jobs, followed by government (56,000), health care (52,000), hospitality (48,000), construction (25,000), and transportation and warehousing (24,000).

US Market Closings:

• Dow advanced 701.19 points or 2.12% to 33,762.76
• S&P 500 advanced 61.35 points or 1.45% to 4,282.37
• Nasdaq advanced 139.78 points or 1.07% to 13,240.77
• Russell 2000 advanced 62.97 points or 3.56% to 1,830.91

Canada Market Closings:

• TSX Composite advanced 352.38 points or 1.79% to 20,024.63
• TSX 60 advanced 21.3 points or 1.8% to 1,203.6

Brazil Market Closing:

• Bovespa advanced 1,993.49 points or 1.8% to 112,558.15

ENERGY:

The oil markets had a green day today:

• Crude Oil increased 1.556 USD/BBL or 2.22% to 71.656
• Brent increased 1.592 USD/BBL or 2.14% to 75.872
• Natural gas increased 0.0366 USD/MMBtu or 1.70% to 2.1946
• Gasoline increased 0.0388 USD/GAL or 1.59% to 2.4750
• Heating oil increased 0.0446 USD/GAL or 1.93% to 2.3593

The above data was collected around 12:16 EST on Friday

• Top commodity gainers: Crude Oil (2.22%), Brent (2.14%), Palm Oil (3.11%) and Rapeseed (2.06%)
• Top commodity losers: Rhodium (-3.62%), Cheese (-2.01%), Coffee (-1.72%) and Soda Ash (-1.92 %)

The above data was collected around 12:25 EST Friday.

BONDS:

Japan 0.416% (-0.5bp), US 2’s 4.49% (+0.148%), US 10’s 3.6811% (+7.31bps); US 30’s 3.87% (+0.039%), Bunds 2.31% (+5bp), France 2.858% (+3bp), Italy 3.98% (-2.9bp), Turkey 12.21% (+198bp), Greece 3.695% (-5.3bp), Portugal 3.026% (+4.4bp); Spain 3.312% (+1.2bp) and UK Gilts 4.154% (+3bp).

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