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 13, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 1,207.51 points or 3.45% to 36,232.51
• Shanghai increased 9.74 points or 0.34% to 2,867.95
• Hang Seng increased 62.41 points or 0.36% to 17,174.06
• ASX 200 increased 13.10 points or 0.17% to 7,826.80
• KOSPI increased 3.20 points or 0.12% to 2,621.50
• SENSEX decreased 692.89 points or -0.87% to 78,956.03
• Nifty50 decreased 208.00 points or -0.85% to 24,139.00
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00326 or 0.50% to 0.66174
• NZDUSD increased 0.00413 or 0.69% to 0.60634
• USDJPY decreased 0.077 or -0.05% to 146.921
• USDCNY decreased 0.02048 or -0.29% to 7.15730
The above data was collected around 12:20 EST.
Precious Metals:
• Gold decreased 6.82 USD/t oz. or -0.28% to 2,468.74
• Silver decreased 0.326 USD/t. oz. or -1.16% to 27.683
The above data was collected around 12:23 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 25.20 points or 0.35% to 7,275.87
• FTSE 100 increased 24.98 points or 0.30% to 8,235.23
• DAX 30 increased 85.58 points or 0.48% to 17,812.05
The major Europe currency markets had a green day today:
• EURUSD increased 0.00242 or 0.22% to 1.09603
• GBPUSD increased 0.00623 or 0.49% to 1.28329
• USDCHF increased 0.0006 or 0.07% to 0.86541
The above data was collected around 12:27 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 408.63 points or 1.04% to 39,765.64
- S&P 500 advanced 90.04 points or 1.68% to 5,434.43
- Nasdaq advanced 407 points or 2.43% to 17,187.61
- Russell 2000 advanced 33.12 points or 1.61% to 2,095.2
Canada Market Closings:
- TSX Composite advanced 219.25 points or 0.98% to 22,618.18
- TSX 60 advanced 13.73 points or 1.02% to 1,355.8
Brazil Market Closing:
- Bovespa advanced 1,233.32 points o 0.94% to 132,349.22
ENERGY:
The oil markets had a negative day today:
• Crude Oil decreased 1.552 USD/BBL or -1.94% to 78.508
• Brent decreased 1.48 USD/BBL or -1.80% to 80.820
• Natural gas decreased 0.0457 USD/MMBtu or -2.09% to 2.1433
• Gasoline decreased 0.0537 USD/GAL or -2.20% to 2.3837
• Heating oil decreased 0.0111 USD/GAL or -0.46% to 2.3898
The above data was collected around 12:29 EST.
• Top commodity gainers: Rice (1.92%), Oat (2.34%), Palladium (2.06%) and Orange Oil (2.46%)
• Top commodity losers: Coffee (-4.46%), Corn (-5.69%), Lead (-2.95%) and Canola (-2.77%)
The above data was collected around 12:35 EST.
BONDS:
Japan 0.8470% (-1.1bp), US 2’s 3.96% (-0.070%), US 10’s 3.8650% (-4.3bps); US 30’s 4.17% (-0.036%), Bunds 2.1780% (-4.7bp), France 2.921% (-4.8bp), Italy 3.5740% (-6.8bp), Turkey 28.550% (+14.5bp), Greece 3.283% (-6.6bp), Portugal 2.804% (-5.1bp); Spain 3.022% (-5.4bp) and UK Gilts 3.8930% (-2.68bp)
The above data was collected around 12:42 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 [...]
