Market Talk – August 14, 2023

ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 413.74 points or -1.27% to 32,059.91
  • Shanghai decreased 10.82 points or -0.34% to 3,178.43
  • Hang Seng decreased 301.64 points or -1.58% to 18,773.55
  • ASX 200 decreased 63.10 points or -0.86% to 7,277.00
  • Kospi decreased 20.39 points or -0.79% to 2,570.87
  • SENSEX increased 79.27 points or 0.12% to 65,401.92
  • Nifty50 increased 6.25 points or 0.03% to 19,434.55

 

 

The major Asian currency markets had a green day today:

  • AUDUSD increased 0.00033 or 0.05% to 0.65013
  • NZDUSD increased 0.00064 or 0.11% to 0.59884
  • USDJPY increased 0.282 or 0.19% to 145.242
  • USDCNY increased 0.01575 or 0.22% to 7.27330

 

Precious Metals:

  • Gold decreased 1.27 USD/t oz. or -0.07% to 1,912.05
  • Silver decreased 0.006 USD/t. oz or -0.02% to 22.664

 

 

No economic news from last night:

 

Some economic news from today:

India:

WPI Inflation (YoY) (Jul) increased from -4.12% to -1.36%

CPI (YoY) (Jul) increased from 4.87% to 7.44%

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a mixed day today:

  • CAC 40 increased 8.65 points or 0.12% to 7,348.84
  • FTSE 100 decreased 17.01 points or -0.23% to 7,507.15
  • DAX 30 increased 72.08 points or 0.46% to 15,904.25

 

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00182 or -0.17% to 1.09258
  • GBPUSD decreased 0.00003 or 0.00% to 1.26937
  • USDCHF increased 0.00016 or 0.02% to 0.87686

 

 

US/AMERICAS:

Answer

UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling mortgage-backed securities prior to the Great Recession. The settlement resolves claims that UBS made false and misleading statements to buyers of residential mortgage-backed securities, downplaying the fact that the underlying loans were of poor quality. The settlement is part of the US government’s efforts to hold banks accountable for their role in the financial crisis of 2008. The settlement also reflects the government’s commitment to protecting investors and ensuring that financial institutions are held responsible for their actions.

US Market Closings:

  • Dow advanced 26.23 points or 0.07% to 35,307.63
  • S&P 500 advanced 125.67 points or 0.58% to 4,489.72
  • Nasdaq advanced 143.48 points or 1.05% to 13,788.33
  • Russell 2000 declined 4.62 points or -0.24% to 1,920.49

 

Canada Market Closings:

  • TSX Composite declined 117.03 points or -0.57% to 20,290.54
  • TSX 60 declined 7.58 points or -0.62% to 1,215.96

 

Brazil Market Closing:

  • Bovespa declined 1,255.59 points or -1.06% to 116,809.55

 

ENERGY:

 

The oil markets had a negative day today:

 

  • Crude Oil decreased 0.786 USD/BBL or -0.95% to 82.403
  • Brent decreased 0.678 USD/BBL or -0.78% to 86.132
  • Natural gas decreased 0.0028 USD/MMBtu or -0.10% to 2.7672
  • Gasoline decreased 0.0721 USD/GAL or -2.43% to 2.8928
  • Heating oil decreased 0.0506 USD/GAL or -1.62% to 3.0709

 

The above data was collected around 12:20 EST on Monday

 

  • Top commodity gainers: Soybeans (1.16%), Oat (2.67%), Canola (0.95%) and Lumber (0.67%)
  • Top commodity losers: Palladium (-2.35%), Lean Hogs (-2.83%), Coffee (-4.21%) and Gasoline (-2.43%)

 

The above data was collected around 13:32 EST Monday.

 

 

BONDS:

 

Japan 0.617% (+2.8bp), US 2’s 4.94% (+0.049%), US 10’s 4.1639% (-0.41bps); US 30’s 4.26% (-0.008%), Bunds 2.629% (+0.8bp), France 3.169% (+0.9bp), Italy 4.27% (+0.7bp), Turkey 18.27% (+61bp), Greece 3.937% (+2.7bp), Portugal 3.361% (+2.9bp); Spain 3.642% (+0.3bp) and UK Gilts 4.561% (+3.4bp).

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