Market Talk – January 11, 2024

ASIA:

The major Asian stock markets had a mixed day today:

• NIKKEI 225 increased 608.14 points or 1.77% to 35,049.86
• Shanghai increased 8.95 points or 0.31% to 2,886.65
• Hang Seng increased 204.76 points or 1.27% to 16,302.04
• ASX 200 increased 37.50 points or 0.50% to 7,506.00
• Kospi decreased 1.71 points or -0.07% to 2,540.27
• SENSEX increased 63.47 points or 0.09% to 71,721.18
• Nifty50 increased 28.50 points or 0.13% to 21,647.20

The major Asian currency markets had a mixed day today:

• AUDUSD decreased 0.00384 or -0.57% to 0.66596
• NZDUSD decreased 0.00159 or -0.26% to 0.62111
• USDJPY increased 0.238 or 0.16% to 145.968
• USDCNY decreased 0.00567 or -0.08% to 7.17663

The above data was collected around 11:01 EST.

Precious Metals:

• Gold increased 4.89 USD/t oz. or 0.24% to 2,028.29
• Silver decreased 0.141 USD/t. oz or -0.62% to 22.714

The above data was collected around 11:03 EST.

US/AMERICAS:

The Consumer Price Index (CPI) for December 2023 rose by 0.3% from November, higher than the expected 0.2%, leading to an annual increase of 3.4%, which surpasses the anticipated 3.2%. This rise was driven in part by increasing shelter costs, which accounted for more than half of the core CPI increase. Excluding volatile food and energy prices, the core CPI also rose by 0.3% for the month and 3.9% from a year ago, compared with respective estimates of 0.3% and 3.8%. The increase in shelter costs was a significant factor, with the category rising by 0.5% for the month and accounting for more than half of the core CPI increase. The report also mentioned that wages adjusted for inflation posted a 0.2% gain on the month and a modest 0.8% increase from a year ago.

US Market Closings:

• Dow advanced 15.29 points or 0.04% to 37,711.02
• S&P 500 declined 3.21 points or -0.07% to 4,780.24
• Nasdaq advanced 0.54 of a point to 14,970.18
• Russell 2000 declined 14.8 points or -0.75% to 1,955.46

Canada Market Closings:

• TSX Composite declined 71.02 points or -0.34% to 20,918.4
• TSX 60 declined 5.62 points or -0.44% to 1,262.62

Brazil Market Closing:

• Bovespa declined 192.34 points or -0.15% to 130,648.75

EUROPE/EMEA:

The major Europe stock markets had a negative day today:

• CAC 40 decreased 38.46 points or -0.52% to 7,387.62
• FTSE 100 decreased 75.17 points or -0.98% to 7,576.59
• DAX 30 decreased 142.78 points or -0.86% to 16.547.03

The major Europe currency markets had a mixed day today:

• EURUSD decreased 0.00223 or -0.20% to 1.09487
• GBPUSD decreased 0.00264 or -0.21% to 1.27126
• USDCHF increased 0.00435 or 0.51% to 0.85515

The above data was collected around 11:04 EST.

ENERGY:

The oil markets had a green day today:

• Crude Oil increased 2.405 USD/BBL or 3.37% to 73.775
• Brent increased 1.951 USD/BBL or 2.54% to 78.751
• Natural gas increased 0.1141 USD/MMBtu or 3.75% to 3.1531
• Gasoline increased 0.0682 USD/GAL or 3.30% to 2.1355
• Heating oil increased 0.0772 USD/GAL or 2.97% to 2.6778

The above data was collected around 11:07 EST.

• Top commodity gainers: Natural Gas (3.75%), Crude Oil (3.37%), Gasoline (3.30%) and HRC Steel (3.05%)
• Top commodity losers: Palladium (-1.75%), Soda Ash (-1.92%), Silver (-0.62%) and Orange Juice (-5.97%)

The above data was collected around 11:12 EST.

BONDS:

Japan 0.604% (+1.7bp), US 2’s 4.33% (-0.038%), US 10’s 4.0396% (+0.96bps); US 30’s 4.23% (+0.031%), Bunds 2.207% (-0.6bp), France 2.741% (-0.7bp), Italy 3.823% (-2.8bp), Turkey 24.45% (+73bp), Greece 3.338% (+5.1bp), Portugal 2.950% (-1.2bp); Spain 3.163% (-1.7bp) and UK Gilts 3.845% (+2.2bp)

The above data was collected around 11:15 EST.