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 – August 7, 2024
ASIA:
The major Asian stock markets had green day today:
• NIKKEI 225 increased 414.16 points or 1.19% to 35,089.62
• Shanghai increased 2.55 points or 0.09% to 2,869.83
• Hang Seng increased 230.52 points or 1.38% to 16,877.86
• ASX 200 increased 19.20 points or 0.25% to 7,699.80
• Kospi increased 46.26 points or 1.83% to 2,568.41
• SENSEX increased 874.94 points or 1.11% to 79,468.01
• Nifty50 increased 304.95 points or 1.27% to 24,297.50
The major Asian currency markets had a green day today:
• AUDUSD increased 0.0025 or 0.38% to 0.65392
• NZDUSD increased 0.0033 or 0.55% to 0.60064
• USDJPY increased 2.448 or 1.69% to 147.181
• USDCNY increased 0.01938 or 0.27% to 7.17888
The above data was collected around 13:23 EST.
Precious Metals:
• Gold increased 8.24 USD/t oz. or 0.35% to 2,392.07
• Silver decreased 0.051 USD/t. oz or -0.19% to 26.776
The above data was collected around 13:29 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 135.97 points or 1.91% to 7,266.01
• FTSE 100 increased 140.19 points, or 1.75% to 8,166.88
• DAX 30 increased 260.83 points or 1.50% to 17,615.15
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00013 or -0.01% to 1.09245
• GBPUSD increased 0.00182 or 0.14% to 1.27023
• USDCHF increased 0.00964 or 1.13% to 0.86235
The above data was collected around 13:40 EST.
US/AMERICAS:
US Market Closings:
Dow declined 234.31 points or 0.6% to 38,763.45
S&P 500 declined 40.43 points or 0.77% to 5,199.5
Nasdaq declined 171.05 points or 1.05% to 16,195.81
Russell 2000 declined 29.19 points or 1.41% to 2,035.11
Canada Market Closings:
TSX Composite declined 99.43 points or 0.45% to 21,879.93
TSX 60 declined 2.41 points or 0.18% to 1,312.88
Brazil Market Closing:
Bovespa advanced 1102.69 points or 0.87% to 127,369.39
ENERGY:
The oil markets had a green day today:
• Crude Oil increased 2.025 USD/BBL or 2.77% to 75.225
• Brent increased 1.931 USD/BBL or 2.53% to 78.411
Natural gas increased 0.0789 USD/MMBtu or 3.93% to 2.0889
• Gasoline increased 0.0601 USD/GAL or 2.61% to 2.3627
• Heating oil increased 0.059 USD/GAL or 2.58% to 2.3491
The above data was collected around 13:44 EST.
• Top commodity gainers: Natural Gas (3.93%), Coffee (3.83%), Cocoa (6.63%), and Oat (5.16%)
• Top commodity losers: Corn (-5.63%), Copper (-2.39%), Potatoes (-3.05%), and Bitumen (-2.57%)
The above data was collected around 13:52 EST.
BONDS:
Japan 0.8800%(-1.39bp), US 2’s 4.01% (+0.027%), US 10’s 3.9550%(+5.8bps); US 30’s 4.24% (+0.062%), Bunds 2.2650% (+8.4bp), France 3.012% (+6.1bp), Italy 3.705% (+4.8bp), Turkey 28.605% (+21.5bp), Greece 3.394% (+8.3bp), Portugal 2.909% (+4.5bp), Spain 3.125% (+4.6bp) and UK Gilts 3.954% (+3.05bp).
The above data was collected around 13:56 EST
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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 [...]
