Market Talk – February 6, 2024

ASIA:

The major Asian stock markets had a mixed day today:

• NIKKEI 225 decreased 193.50 points or -0.53% to 36,160.66
• Shanghai increased 87.30 points or 3.23% to 2,789.49
• Hang Seng increased 626.86 points or 4.04% to 16,136.87
• ASX 200 decreased 44.30 points or -0.58% to 7,581.60
• Kospi decreased 15.11 points or -0.58% to 2,576.20
• SENSEX increased 454.67 points or 0.63% to 72,186.09
• Nifty50 increased 157.70 points or 0.72% to 21,929.40

The major Asian currency markets had a mixed day today:

• AUDUSD increased 0.00396 or 0.61% to 0.65216
• NZDUSD increased 0.00256 or 0.42% to 0.60786
• USDJPY decreased 0.8 or -0.54% to 147.870
• USDCNY decreased 0.0165 or -0.23% to 7.20260

The above data was collected around 13:44 EST.

Precious Metals:

• Gold increased 11.20 USD/t oz. or 0.55% to 2,035.87
• Silver increased 0.087 USD/t. oz or 0.39% to 22.444

The above data was collected around 13:47 EST.

EUROPE/EMEA:

The major Europe stock markets had a green day today:

• CAC 40 increased 49.01 points or 0.65% to 7,638.97
• FTSE 100 increased 68.15 points or 0.90% to 7,681.01
• DAX 30 increased 129.18 points or 0.76% to 17.033.24

The major Europe currency markets had a mixed day today:

• EURUSD increased 0.00125 or 0.12% to 1.07535
• GBPUSD increased 0.00664 or 0.53% to 1.25984
• USDCHF decreased 0.00071 or -0.08% to 0.86979

The above data was collected around 13:51 EST.

US/AMERICAS:

The National Transportation Safety Board (NTSB) has released a preliminary report stating that bolts appeared to be missing from a door plug on a Boeing 737 Max 9 operated by Alaska Airlines, which blew out midair last month. This incident led to the grounding of the Max 9 by the Federal Aviation Administration (FAA) for much of last month. The report places the primary blame on Boeing, and Boeing’s CEO has acknowledged the company’s responsibility for the problem. The FAA has halted Boeing’s planned production expansion of the 737 Max, and is conducting an audit of Boeing’s production lines. The missing bolts, which acted as a fail-safe mechanism to hold the panel in place, were not installed on the aircraft, and it is suggested that Boeing employees may have failed to put the bolts back on the door plug during the production of the 737 Max 9 jet at the factory.

US Market Closings:

• Dow advanced 141.24 points or 0.37% to 38,521.36
• S&P 500 advanced 11.42 points or 0.23% to 4,954.23
• Nasdaq advanced 11.32 points or 0.07% to 15,609.00
• Russell 2000 advanced 16.39 points or 0.85% to 1,953.63

Canada Market Closings:

• TSX Composite advanced 85.85 points or 0.41% to 20,957.74
• TSX 60 advanced 4.79 points or 0.38% to 1,263.83

Brazil Market Closing:

• Bovespa advanced 2,823.46 points or 2.21% to 130,416.95

ENERGY:

The oil markets had a mixed day today:

• Crude Oil increased 0.619 USD/BBL or 0.85% to 73.399
• Brent increased 0.619 USD/BBL or 0.79% to 78.609
• Natural gas decreased 0.051 USD/MMBtu or -2.45% to 2.0310
• Gasoline increased 0.0007 USD/GAL or 0.03% to 2.2099
• Heating oil increased 0.0214 USD/GAL or 0.79% to 2.7462

The above data was collected around 13:53 EST.

• Top commodity gainers: Live Cattle (1.90%), Oat (2.96%), Butter (4.76%) and Potatoes (3.31%)
• Top commodity losers: Cheese (-1.56%), Natural Gas (-2.45%), Lean Hogs (-1.08%) and Coffee (-0.79%)

The above data was collected around 14:00 EST.

BONDS:

Japan 0.726% (+0.5bp), US 2’s 4.39% (-0.083%), US 10’s 4.0885% (-7.55bps); US 30’s 4.30% (-0.046%), Bunds 2.281% (-4.3bp), France 2.787% (-3.3bp), Italy 3.842% (-4.7bp), Turkey 24.02% (-79bp), Greece 3.394% (+0.6bp), Portugal 2.998% (-2bp); Spain 3.196% (-4bp) and UK Gilts 3.939% (-6.9bp)