Market Talk – December 15, 2023

ASIA:

The major Asian stock markets had a mixed day today:

• NIKKEI 225 increased 284.30 points or 0.87% to 32,970.55
• Shanghai decreased 16.43 points or -0.56% to 2,942.56
• Hang Seng increased 390.00 points or 2.38% to 16,792.19
• ASX 200 increased 64.80 points or 0.88% to 7,442.70
• Kospi increased 19.38 points or 0.76% to 2,563.56
• SENSEX increased 969.55 points or 1.37% to 71,483.75
• Nifty50 increased 273.95 points or 1.29% to 21,456.65

The major Asian currency markets had a green day today:

• AUDUSD increased 0.00166 or 0.25% to 0.67136
• NZDUSD increased 0.0012 or 0.19% to 0.62170
• USDJPY increased 0.119 or 0.08% to 141.989
• USDCNY increased 0.00373 or 0.05% to 7.12763

The above data was collected around 12:24 EST.

Precious Metals:

• Gold decreased 1.45 USD/t oz. or -0.07% to 2,034.08
• Silver decreased 0.143 USD/t. oz or -0.59% to 23.998

The above data was collected around 12:27 EST.

EUROPE/EMEA:

The major Europe stock markets had a mixed day today:

• CAC 40 increased 21.06 points or 0.28% to 7,596.91
• FTSE 100 decreased 72.62 points or -0.95% to 7,576.36
• DAX 30 decreased 0.79 points or 0.00% to 16.751.44

The major Europe currency markets had a mixed day today:

• EURUSD decreased 0.00762 or -0.69% to 1.09148
• GBPUSD decreased 0.0051 or -0.40% to 1.27150
• USDCHF increased 0.00116 or 0.13% to 0.86856

The above data was collected around 12:32 EST.

US/AMERICAS:

The stock market made new highs to end the week, extending its rally to a seventh winning week. This week marked a significant shift for the markets, with the Dow and Nasdaq both closing higher. The tech-heavy Nasdaq Composite gained just above 2.9%, and the three stock indexes are set to close out their seventh straight weekly gain. The market received a sentiment boost from Wednesday’s Fed meeting, and investors are embracing a new paradigm as monetary policy globally undergoes a pivot. Stocks are generally extending their gains as a result of this shift, which could propel share prices even higher.

US Market Closings:

• Dow advanced 56.81 points or 0.15% to 37,305.16
• S&P 500 declined -0.36 of a point or -0.01% to 4,719.19
• Nasdaq advanced 52.36 points or 0.35% to 14,813.92
• Russell 2000 declined 15.39 points or -0.77% to 1,985.13

Canada Market Closings:

• TSX Composite declined 249.65 points or -1.2% to 20,529.15
• TSX 60 declined 15.18 points or -1.21% to 1,238.51

Brazil Market Closing:

• Bovespa declined 694.33 points or -0.53% to 130,147.76

ENERGY:

The oil markets had a mixed day today:

• Crude Oil decreased 0.132 USD/BBL or -0.18% to 71.448
• Brent increased 0.273 USD/BBL or 0.36% to 76.883
• Natural gas increased 0.0811 USD/MMBtu or 3.39% to 2.4731
• Gasoline increased 0.0126 USD/GAL or 0.59% to 2.1314
• Heating oil increased 0.0507 USD/GAL or 1.96% to 2.6420

The above data was collected around 12:36 EST.

• Top commodity gainers: Natural Gas (3.39%), Heating Oil (1.96%), Aluminum (1.88%) and Palladium (7.02%)
• Top commodity losers: Cheese (-1.81%), Canola (-1.78%), Sugar (-1.22%) and Platinum (-1.66%)

The above data was collected around 12:42 EST.

BONDS:

Japan 0.711% (+3.5bp), US 2’s 4.41% (+0.014%), US 10’s 3.9222% (-0.78bps); US 30’s 4.03% (-0.024%), Bunds 2.032% (-9.3bp), France 2.557% (-8.3bp), Italy 3.739% (-5bp), Turkey 22.57% (-30bp), Greece 3.199% (-13.3bp), Portugal 2.784% (-8.1bp); Spain 3.01% (-6.8bp) and UK Gilts 3.694% (-9.2bp)

The above data was collected around 12:45 EST.