Market Talk – May 8, 2024

ASIA:

The major Asian stock markets had a mixed day today:

• NIKKEI 225 decreased 632.73 points or -1.63% to 38,202.37
• Shanghai decreased 19.26 points or -0.61% to 3,128.48
• Hang Seng decreased 165.51 points or -0.90% to 18,313.86
• ASX 200 increased 11.20 points or 0.14% to 7,804.50
• Kospi increased 10.69 points or 0.39% to 2,745.05
• SENSEX decreased 45.46 points or -0.06% to 73,466.39
• Nifty50 decreased 0 points or -0.00% to 22,302.50

The major Asian currency markets had a mixed day today:

• AUDUSD decreased 0.00081 or -0.12% to 0.65805
• NZDUSD increased 0.00027 or 0.05% to 0.59991
• USDJPY increased 0.74 or 0.48% to 155.511
• USDCNY increased 0.00037 or 0.01% to 7.22689

The above data was collected around 11:45 EST.

Precious Metals:

• Gold increased 2.33 USD/t oz. or 0.10% to 2,317.30
• Silver increased 0.181 USD/t. oz. or 0.66% to 27.429

The above data was collected around 11:48 EST.

EUROPE/EMEA:

The major Europe stock markets had a green day today:

• CAC 40 increased 55.73 points or 0.69% to 8,131.41
• FTSE 100 increased 40.38 points or 0.49% to 8,354.05
• DAX 30 increased 68.33 points or 0.37% to 18,498.38

The major Europe currency markets had a mixed day today:

• EURUSD increased 0.0002 or 0.02% to 1.07518
• GBPUSD decreased 0.0002 or -0.02% to 1.24997
• USDCHF decreased 0.00081 or -0.09% to 0.90765

The above data was collected around 11:46 EST.

US/AMERICAS:

US Market Closings:

• Dow advanced 172.13 points or 0.44% to 39,056.39
• S&P 500 declined -0.03 of a point or unchanged to 5,187.67
• Nasdaq declined 29.8 points or -0.18% to 16,302.76
• Russell 2000 declined 9.51 points or -0.46% to 2,055.14

Canada Market Closings:

• TSX Composite declined 31.46 points or -0.14% to 22,259.16
• TSX 60 declined 2.72 points or -0.2% to 1,333.64

Brazil Market Closing:

• Bovespa advanced 244.47 points or 0.19% to 129,454.95

ENERGY:

The oil markets had a mixed day today:

• Crude Oil increased 0.679 USD/BBL or 0.87% to 79.059
• Brent increased 0.526 USD/BBL or 0.63% to 83.686
• Natural gas increased 0.0016 USD/MMBtu or 0.07% to 2.2086
• Gasoline decreased 0.0054 USD/GAL or -0.21% to 2.5295
• Heating oil increased 0.0267 USD/GAL or 1.09% to 2.4855

The above data was collected around 11:57 EST.

• Top commodity gainers: Heating Oil (1.09%), Coffee (1.40%), Cotton (2.63%) and Butter (2.09%)
• Top commodity losers: Sugar (-2.08%), Corn (-4.24%), Cheese (-5.15%) and Orange Juice (-2.36%)

The above data was collected around 12:12 EST.

BONDS:

Japan 0.883% (+1.06bp), US 2’s 4.84% (-0.004%) , US 10’s 4.487% (+3bps); US 30’s 4.63% (+0.027%), Bunds 2.4645% (+4.1bp), France 2.959% (+4.2bp), Italy 3.797% (+3.4bp), Turkey 28.440% (-9.5bp), Greece 3.474% (+4.6bp), Portugal 3.098% (+1.9bp); Spain 3.247% (+2.95bp) and UK Gilts 4.143% (+1.03bp)

The above data was collected around 12:23 EST.