Market Talk – November 27, 2023

Market Talk 2017

 

ASIA:

 

The major Asian stock markets had a negative day today:

  • NIKKEI 225 decreased 177.86 points or -0.53% to 33,447.67
  • Shanghai decreased 9.27 points or -0.30% to 3,031.70
  • Hang Seng decreased 34.36 points or -0.20% to 17,525.06
  • ASX 200 decreased 53.20 points or -0.76% to 6,987.60
  • Kospi decreased 0.97 points or -0.04% to 2,495.66
  • SENSEX decreased 47.77 points or -0.07% to 65,970.04
  • Nifty50 decreased 7.30 points or -0.04% to 19,794.70

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00239 or 0.36% to 0.66059
  • NZDUSD increased 0.00268 or 0.44% to 0.60978
  • USDJPY decreased 0.795 or -0.53% to 148.645
  • USDCNY increased 0.01183 or 0.17% to 7.16023

 

The above data was collected around 16:24 EST.

 

 

Precious Metals:

  • Gold increased 12.41 USD/t oz. or 0.62% to 2,014.38
  • Silver increased 0.360 USD/t. oz or 1.48% to 24.660

 

The above data was collected around 16:24 EST.

 

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a negative day today:

  • CAC 40 decreased 27.31 points or -0.37% to 7,265.49
  • FTSE 100 decreased 27.50 points or -0.37% to 7,460.70
  • DAX 30 decreased 63.12 points or -0.39% to 15.966.37

 

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.00158 or 0.14% to 1.09548
  • GBPUSD increased 0.00242 or 0.19% to 1.26272
  • USDCHF decreased 0.0019 or -0.22% to 0.88050

 

The above data was collected around 16:28 EST.

US/AMERICAS:

Nasdaq has introduced new short-term options contracts that expire on Wednesdays, allowing bets on non-stock products like the United States Oil Fund (USO). The rise of short-term options trading has sparked divided opinions on Wall Street, with concerns about potential additional volatility. This expansion of short-dated options, popular with hedge funds and retail traders, is now extending beyond stocks into other asset classes, including exchange traded products like the United States Natural Gas Fund (UNG), SPDR Gold Shares (GLD), and iShares Silver Trust (SLV). The move reflects the growing trend of short-term options trading and its potential impact on market dynamics and risk.

US Market Closings:

  • Dow declined 56.68 points or -0.16% to 35,333.47
  • S&P 500 declined 8.91 points or -0.2% to 4,550.43
  • Nasdaq declined 9.83 points or -0.07% to 14,241.01
  • Russell 2000 declined 6.35 points or -0.35% to 1,801.15

 

Canada Market Closings:

  • TSX Composite declined 70.45 points or -0.35% to 20,032.66
  • TSX 60 declined 4.76 points or -0.39% to 1,206.65

 

Brazil Market Closing:

  • Bovespa advanced 214.18 points or 0.17% to 125,731.45

 

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil decreased 0.574 USD/BBL or -0.76% to 74.966
  • Brent decreased 0.635 USD/BBL or -0.79% to 79.945
  • Natural gas decreased 0.0653 USD/MMBtu or -2.29% to 2.7897
  • Gasoline increased 0.0258 USD/GAL or 1.19% to 2.1909
  • Heating oil increased 0.0021 USD/GAL or 0.07% to 2.8378

 

The above data was collected around 16:30 EST.

 

  • Top commodity gainers: Coal (4.92%), Potatoes (65.83%), HRC Steel (1.92%) and Soda Ash (3.48%)
  • Top commodity losers: Wheat (-2.60%), Orange Juice (-1.65%), Feeder Cattle (-2.98%) and Natural Gas (-2.29%)

 

The above data was collected around 16:34 EST.

 

 

BONDS:

 

Japan 0.775% (+0.4bp), US 2’s 4.89% (-0.069%), US 10’s 4.3904% (-9.36bps); US 30’s 4.54% (-0.074%), Bunds 2.543% (-10.3bp), France 3.103% (-9.8bp), Italy 4.299% (-10.3bp), Turkey 26.62% (-8bp), Greece 3.777% (-6.4bp), Portugal 3.228% (-8.4bp); Spain 3.537% (-10.2bp) and UK Gilts 4.213% (-7.1bp)

 

The above data was collected around 16:38 EST.

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