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 9, 2024
ASIA:
The major Asian stock markets had mixed day today:
• NIKKEI 225 increased 193.85 points or 0.56% to 35,025.00
• Shanghai decreased 7.71 points or -0.27% to 2,862.19
• Hang Seng increased 198.40 points or 1.17% to 17,090.23
• ASX 200 increased 95.70 points or 1.25% to 7,777.70
• Kospi increased 31.70 points or 1.24% to 2,588.43
• SENSEX increased 819.69 points or 1.04% to 79,705.91
• Nifty50 increased 250.50 points or 1.04% to 24,367.50
The major Asian currency markets had a negative day today:
• AUDUSD decreased 0.00188 or -0.29% to 0.65720
• NZDUSD decreased 0.00095 or -0.16% to 0.59960
• USDJPY decreased 0.998 or -0.68% to 146.694
• USDCNY decreased 0.01046 or -0.15% to 7.17520
The above data was collected around 14:42 EST.
Precious Metals:
• Gold increased 4.85 USD/t oz. or 0.20% to 2,429.40
• Silver decreased 0.061 USD/t. oz or -0.22% to 27.478
The above data was collected around 14:45 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 22.26 points or 0.31% to 7,269.71
• FTSE 100 increased 23.13 points, or 0.28% to 8,168.10
• DAX 30 increased 42.48 points or 0.24% to 17,722.88
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00039 or 0.04% to 1.09188
• GBPUSD increased 0.00105 or 0.08% to 1.27560
• USDCHF decreased 0.00222 or -0.26% to 0.86473
The above data was collected around 14:51 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 51.04 points or 0.13% to 39,497.54
- S&P 500 advanced 24.85 points or 0.47% to 5,244.16
- Nasdaq advanced 85.28 points or 0.51% to 16,745.3
- Russell 2000 declined 3.51 points or 0.17% to 2,080.92
Canada Market Closings:
- TSX Composite advanced 85.69 points or 0.39% to 22,311.3
- TSX 60 advanced 4.92 points or 0.37% to 1,339.25
Brazil Market Closing:
- Bovespa advanced 1,954.15 points or 1.52% to 130,615.03
ENERGY:
The oil markets had a mixed day today:
• Crude Oil increased 0.531 USD/BBL or 0.70% to 76.722
• Brent increased 0.362 USD/BBL or 0.46% to 79.522
• Natural gas increased 0.025 USD/MMBtu or 1.18% to 2.1520
• Gasoline decreased 0.0089 USD/GAL or -0.37% to 2.3865
• Heating oil decreased 0.0188 USD/GAL or -0.80% to 2.3374
The above data was collected around 14:53 EST.
• Top commodity gainers: Lumber (3.80%), Cocoa (7.31%), Zinc (3.55%), and Lead (3.82%)
• Top commodity losers: Corn (-5.00%), Potatoes (-2.77%), Orange Juice (-4.31%), and Coffee (-5.15%)
The above data was collected around 14:58 EST.
BONDS:
Japan 0.8580%(+2.54bp), US 2’s 4.06% (+0.013%), US 10’s 3.9450%(-5.2bps); US 30’s 4.23% (-0.056%), Bunds 2.2270% (-4.2bp), France 2.965% (-4.4bp), Italy 3.646% (-5.3bp), Turkey 28.425% (-1.5bp), Greece 3.341% (-5bp), Portugal 2.866% (-5.7bp), Spain 3.087% (-3.5bp) and UK Gilts 3.949% (-3.18bp).
The above data was collected around 15.01 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 [...]
