Market Talk – February 12, 2024

Market Talk 2017

ASIA:

 

The major Asian stock markets had a negative day today:

  • NIKKEI 225 closed
  • Shanghai closed
  • Hang Seng closed
  • ASX 200 decreased 29.90 points or -0.39% to 7,614.90
  • Kospi closed
  • SENSEX decreased 523.00 points or -0.73% to 71,072.49
  • Nifty50 decreased 166.45 points or -0.76% to 21,616.05

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00173 or 0.27% to 0.65403
  • NZDUSD decreased 0.00075 or -0.12% to 0.61385
  • USDJPY decreased 0.036 or -0.02% to 149.264
  • USDCNY decreased 0.00484 or -0.07% to 7.21296

 

The above data was collected around 12:51 EST.

 

 

Precious Metals:

  • Gold decreased 4.59 USD/t oz. or -0.23% to 2,019.57
  • Silver increased 0.077 USD/t. oz or 0.34% to 22.682

 

The above data was collected around 12:55 EST.

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a green day today:

  • CAC 40 increased 42.28 points or 0.55% to 7,689.80
  • FTSE 100 increased 1.11 points or 0.01% to 7,573.69
  • DAX 30 increased 110.85 points or 0.65% to 17.037.35

 

The major Europe currency markets had a green day today:

  • EURUSD increased 0.00018 or 0.02% to 1.07838
  • GBPUSD increased 0.00205 or 0.16% to 1.26395
  • USDCHF increased 0.00066 or 0.08% to 0.87516

 

The above data was collected around 13:02 EST.

 

US/AMERICAS:

As inflation eases, a new risk is emerging in the US economy due to a divide between fiscal and monetary policy, according to the National Association of Business Economics (NABE). The divide is increasingly worrying economists, with concerns about monetary policy being ‘too restrictive’ and fiscal policy being ‘too stimulative.’ Fifty-seven percent of economists believe that current fiscal policy is “too stimulative,” up from 54% in August. They see reducing the deficit and debt as crucial for promoting “medium-to-long-term growth.”

US Market Closings:

  • Dow advanced 125.69 points or 0.33% to 38,797.38
  • S&P 500 declined 4.77 points or -0.09% to 5,021.84
  • Nasdaq declined 48.12 points or -0.3% to 15,942.55
  • Russell 2000 advanced 35.27 points or 1.75% to 2,045.26

 

Canada Market Closings:

  • TSX Composite advanced 57.7 points or 0.27% to 21,067.3
  • TSX 60 advanced 1.9 points or 0.15% to 1,271.65

 

Brazil Market Closing:

  • Bovespa declined 191.22 points or -0.15% to 128,025.7

 

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil increased 0.014 USD/BBL or 0.02% to 76.854
  • Brent decreased 0.362 USD/BBL or -0.44% to 81.828
  • Natural gas decreased 0.0447 USD/MMBtu or -2.42% to 1.8023
  • Gasoline decreased 0.0043 USD/GAL or -0.18% to 2.3352
  • Heating oil decreased 0.0481 USD/GAL or -1.62% to 2.9161

 

The above data was collected around 13:04 EST.

 

  • Top commodity gainers: Platinum (2.03%), Cheese (1.80%), Oat (2.06%) and Palladium (3.81%)
  • Top commodity losers: HRC Steel (-4.59%), Natural Gas (-2.42%), Sugar (-1.75%) and Orange Juice (-5.35%)

 

The above data was collected around 13:10 EST.

 

 

BONDS:

 

Japan 0.721% (+2.4bp), US 2’s 4.47% (-0.018%), US 10’s 4.1696% (-1.74bps); US 30’s 4.37% (-0.007%), Bunds 2.362% (-1.8bp), France 2.855% (-4bp), Italy 3.904% (-6.8bp), Turkey 23.85% (-54bp), Greece 3.435% (-0.6bp), Portugal 3.12% (+1.7bp); Spain 3.317% (-5.4bp) and UK Gilts 4.059% (-2.7p)

 

The above data was collected around 13:16 EST.

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