Market Talk – August 2, 2024

ASIA:

The major Asian stock markets had a negative day today:

• NIKKEI 225 decreased 2,216.63 points or -5.81% to 35,909.70
• Shanghai decreased 27.05 points or -0.92% to 2,905.34
• Hang Seng decreased 359.45 points or -2.08% to 16,945.51
• ASX 200 decreased 171.50 points or -2.11% to 7,943.20
• KOSPI decreased 101.49 points or -3.65% to 2,676.19
• SENSEX decreased 885.60 points or -1.08% to 80,981.95
• Nifty50 decreased 293.20 points or -1.17% to 24,717.70

The major Asian currency markets had a mixed day today:

• AUDUSD increased 0.00238 or 0.37% to 0.65172
• NZDUSD increased 0.00301 or 0.51% to 0.59656
• USDJPY decreased 1.894 or -1.27% to 147.315
• USDCNY decreased 0.07699 or -1.06% to 7.17108

The above data was collected around 12:10 EST.

Precious Metals:

•  Gold decreased 8.32 USD/t oz. or -0.34% to 2,437.45
•  Silver decreased 0.024 USD/t. oz. or -0.08% to 28.477

The above data was collected around 12:17 EST.

EUROPE/EMEA:

The major Europe stock markets had a negative day today:

•  CAC 40 decreased 118.65 points or -1.61% to 7,251.80
•  FTSE 100 decreased 108.65 points or -1.31% to 8,174.71
•  DAX 30 decreased 421.83 points or -2.33% to 17,661.22

The major Europe currency markets had a mixed day today:

• EURUSD increased 0.01255 or 1.16% to 1.09119
• GBPUSD increased 0.00682 or 0.54% to 1.27959
• USDCHF decreased 0.01217 or -1.39% to 0.86077

The above data was collected around 12:19 EST.

US/AMERICAS:

US Market Closings:

• Dow declined 610.71 points or -1.51% to 39,737.26
• S&P 500 declined 100.12 points or 1.84% to 5,346.56
• Nasdaq declined 417.98 points or -2.43% to 16,776.16
• Russell 2000 declined 76.85 points or -3.52% to 2,109.31

Canada Market Closings:

• TSX Composite declined 495.58 points or  2.18% to 22,227.63
• TSX 60 declined 28.14 points or 2.07% to 1,329.97

Brazil Market Closing:

• Bovespa declined 1,622.48 points or 1.27% to 125,772.62

ENERGY:

The oil markets had a negative day today:

•  Crude Oil decreased 2.582 USD/BBL or -3.38% to 73.728
•  Brent decreased 2.397 USD/BBL or -3.01% to 77.123
•  Natural gas decreased 0.018 USD/MMBtu or -0.91% to 1.9500
•  Gasoline decreased 0.084 USD/GAL or -3.49% to 2.3236
•  Heating oil decreased 0.076 USD/GAL or -3.15% to 2.3381

The above data was collected around 12:22 EST.

•  Top commodity gainers: Palm Oil (1.89%), Wheat (0.96%), Oat (1.30%) and Coffee (1.66%)
•  Top commodity losers: Heating Oil (-3.15%), Gasoline (-3.49%), Crude Oil (-3.38%) and Brent (-3.01%)

The above data was collected around 12:27 EST.

BONDS:

Japan 0.9590% (-7.58bp), US 2’s 3.94% (-0.219%), US 10’s 3.8350% (-14.7bps); US 30’s 4.14% (-0.139%), Bunds 2.1765% (-7.15bp), France 2.960% (-2.8bp), Italy 3.6330% (-1.2bp), Turkey 27.825% (+168.5bp), Greece 3.258% (-7.5bp), Portugal 2.854% (-4.5bp); Spain 3.063% (-2bp) and UK Gilts 3.8380% (-5.36bp)

The above data was collected around 12:30 EST.