Don’t Come to Norway – Taxing Our Way into 2032
In 2021, the Extreme Left Labour Government seized power in Norway, overthrowing the eight years of Conservative rule. Labour won 48 of the 169 parliamentary seats, one less than in [...]
Market Talk – April 17, 2024
ASIA:
The major Asian stock markets had a mixed day today:
- NIKKEI 225 decreased 509.40 points or -1.32% to 37,961.80
- Shanghai increased 64.31 points or 2.14% to 3,071.38
- Hang Seng increased 2.87 points or 0.02% to 16,251.84
- ASX 200 decreased 6.90 points or -0.09% to 7,605.60
- Kospi decreased 25.45 points or -0.98% to 2,584.18
- SENSEX closed
- Nifty50 closed
The major Asian currency markets had a mixed day today:
- AUDUSD increased 0.00216 or 0.34% to 0.64338
- NZDUSD increased 0.00227 or 0.39% to 0.59141
- USDJPY decreased 0.352 or -0.23% to 154.345
- USDCNY decreased 0.0178 or -0.25% to 7.24571
The above data was collected around 15:46 EST.
Precious Metals:
- Gold decreased 4.67 USD/t oz. or -0.20% to 2,372.57
- Silver increased 0.108 USD/t. oz or 0.38% to 28.285
The above data was collected around 15:48 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
- CAC 40 increased 48.90 points or 0.62% to 7,981.51
- FTSE 100 increased 27.63 points or 0.35% to 7,847.99
- DAX 30 increased 3.79 points or 0.02% to 17.770.02
The major Europe currency markets had a mixed day today:
- EURUSD increased 0.00475 or 0.45% to 1.06684
- GBPUSD increased 0.00201 or 0.16% to 1.24504
- USDCHF decreased 0.00211 or -0.23% to 0.91054
The above data was collected around 15:52 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 46.45 points or -0.12% to 37,752.52
- S&P 500 declined 29.2 points or -0.58% to 5,022.21
- Nasdaq declined 181.88 points or -1.15% to 15,683.37
- Russell 2000 declined 19.53 points or -0.99% to 1,947.95
Canada Market Closings:
- TSX Composite advanced 13.18 points or 0.06% to 21,656.05
- TSX 60 advanced 1.99 points or 0.15% to 1,296.97
Brazil Market Closing:
- Bovespa declined 196.83 points or -0.16% to 124,191.79
ENERGY:
The oil markets had a negative day today:
- Crude Oil decreased 2.659 USD/BBL or -3.12% to 82.701
- Brent decreased 2.631 USD/BBL or -2.92% to 87.388
- Natural gas decreased 0.0192 USD/MMBtu or -1.11% to 1.7128
- Gasoline decreased 0.0942 USD/GAL or -3.34% to 2.7281
- Heating oil decreased 0.0804 USD/GAL or -3.03% to 2.5745
The above data was collected around 15:55 EST.
- Top commodity gainers: Coffee (3.74%), Cocoa (3.87%), Steel (1.86%) and Rice (1.90%)
- Top commodity losers: Wheat (-4.74%), Crude Oil (-3.12%), Gasoline (-3.34%) and Heating Oil (-3.03%)
The above data was collected around 16:00 EST.
BONDS:
Japan 0.887% (+1.46bp), US 2’s 4.94% (-0.062%) , US 10’s 4.586% (-8.35bps); US 30’s 4.70% (-0.063%), Bunds 2.4645% (-1.85bp), France 2.979% (-2.9bp), Italy 3.862% (-4.3bp), Turkey 28.105% (+230.5bp), Greece 3.420% (-1.9bp), Portugal 3.147% (-3.1bp); Spain 3.292% (-3.15bp) and UK Gilts 4.264% (-4bp)
The above data was collected around 14:03 EST.
Latest Posts
Milton Friedman Explains Why Stakeholder Capitalism Fails
What brought thousands of people together to create something as simple as a pencil? Some may be familiar with the late economist Milton Friedman’s popular analogy of how a mere [...]
California’s Exit Tax
People have been leaving California in droves due to Governor Gavin Newsom’s socialistic Utopia that demands everyone be taxed on every penny they earn. I’ve long warned that California was [...]
INSANE New Tax Proposal – Stealing from Citizens Legally
Success is a punishable offense in Biden’s America. Joe Biden and his administration would like to implement a 44.6% tax on capital gains, the highest tax on capital gains in [...]
