Tariffs are NOT Reciprocal
How did the Trump Administration come up with these tariff rates? Why would a nation like Madagascar, for example, with a small economy, be hit with a 47% tariff? Reciprocal [...]
Market Talk – April 29, 2024
ASIA:
The major Asian stock markets had a green day today:
- NIKKEI 225 closed
- Shanghai increased 24.41 points or 0.79% to 3,113.04
- Hang Seng increased 95.76 points or 0.54% to 17,746.91
- ASX 200 increased 61.50 points or 0.81% to 7,637.40
- Kospi increased 31.11 points or 1.17% to 2,687.44
- SENSEX increased 941.12 points or 1.28% to 74,671.28
- Nifty50 increased 223.45 points or 1.00% to 22,643.40
The major Asian currency markets had a mixed day today:
- AUDUSD increased 0.00367 or 0.56 to 0.65690
- NZDUSD increased 0.00389 or 0.66% to 0.59774
- USDJPY decreased 1.865 or -1.18% to 156.448
- USDCNY decreased 0.0305 or -0.42% to 7.23752
The above data was collected around 12:24 EST.
Precious Metals:
- Gold increased 7.93 USD/t oz. or 0.34% to 2,345.61
- Silver increased 0.215 USD/t. oz 0.79% to 27.407
The above data was collected around 12:28 EST.
EUROPE/EMEA:
The major Europe stock markets had a mixed day today:
- CAC 40 decreased 23.09 points or -0.29% to 8,065.15
- FTSE 100 increased 7.20 points or 0.09% to 8,147.03
- DAX 30 decreased 42.69 points or -0.24% to 18.118.32
The major Europe currency markets had a mixed day today:
- EURUSD increased 0.00314 or 0.29% to 1.07242
- GBPUSD increased 0.00791 or 0.63% to 1.25656
- USDCHF decreased 0.00436 or -0.48% to 0.90995
The above data was collected around 12:35 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 146.43 points or 0.38% to 38,386.09
- S&P 500 advanced 16.21 points or 0.32% to 5,116.17
- Nasdaq advanced 55.18 points or 0.35% to 15,983.08
- Russell 2000 advanced 14.02 points or 0.7% to 2,016.02
Canada Market Closings:
- TSX Composite advanced 42.38 points or 0.19% to 22,011.62
- TSX 60 advanced 1.64 points or 0.12% to 1,317.47
Brazil Market Closing:
- Bovespa advanced 646.15 points or 0.51% to 127,172.42
ENERGY:
The oil markets had a mixed day today:
- Crude Oil decreased 0.65 USD/BBL or -0.78% to 83.070
- Brent decreased 0.679 USD/BBL or -0.76% to 88.614
- Natural gas increased 0.1106 USD/MMBtu or 5.76% to 2.0301
- Gasoline increased 0.0111 USD/GAL or 0.40% to 2.7645
- Heating oil increased 0.0071 USD/GAL or 0.28% to 2.5556
The above data was collected around 12:45 EST.
- Top commodity gainers: Natural Gas (5.76%), Oat (4.72%), Platinum (3.91%) and Zinc (3.97%)
- Top commodity losers: Wheat (-5.20%), Orange Juice (-2.86%), Cocoa (-11.14%) and Corn (-2.34%)
The above data was collected around 12:53 EST.
BONDS:
Japan 0.928% (+3.04bp), US 2’s 4.98% (-0.025%) , US 10’s 4.619% (-2.7bps); US 30’s 4.74% (-0.032%), Bunds 2.5265% (-5.05bp), France 3.028% (-3.6bp), Italy 3.813% (-7.2bp), Turkey 28.025% (+163.5bp), Greece 3.388% (-5.6bp), Portugal 3.151% (-6.4bp); Spain 3.296% (-7.15bp) and UK Gilts 4.302% (-2.45bp)
The above data was collected around 12:57 EST.
Latest Posts
Eric Adams Leaves the Democratic Party
New York City Mayor Eric Adams, the man who fought tooth and nail to maintain sanctuary city status for migrants, has abandoned the Democratic Party. The Democrats have become so [...]
Trump vs Putin
https://www.armstrongeconomics.com/wp-content/uploads/2025/04/Zelensky-Reniggs.mp4 QUESTION: I take it you agree with Putin that Zelensky is not legitimate and that Trump is wrong. Would you care to explain your position? WG ANSWER: I [...]
Market Talk – April 3, 2025
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 989.94 points or -2.77% to 34,735.93 • Shanghai decreased 8.12 points or -0.24% to 3,342.01 [...]
