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 15, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 284.21 points or 0.78% to 36,726.64
• Shanghai increased 26.70 points or 0.94% to 2,877.36
• Hang Seng decreased 4.22 points or -0.02% to 17,109.14
• ASX 200 increased 14.80 points or 0.19% to 7,865.50
• KOSPI closed
• SENSEX closed
• Nifty50 closed
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.0024 or 0.36% to 0.66214
• NZDUSD decreased 0.00033 or -0.06% to 0.59947
• USDJPY increased 1.771 or 1.20% to 149.045
• USDCNY increased 0.03374 or 0.47% to 7.18135
The above data was collected around 13:22 EST.
Precious Metals:
• Gold increased 6.23 USD/t oz. or 0.25% to 2,455.64
• Silver increased 0.771 USD/t. oz. or 2.80% to 28.355
The above data was collected around 13:24 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 90.01 points or 1.23% to 7,423.37
• FTSE 100 increased 66.30 points or 0.80% to 8,347.35
• DAX 30 increased 297.64 points or 1.66% to 18,183.24
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00343 or -0.31% to 1.09772
• GBPUSD increased 0.00335 or 0.26% to 1.28578
• USDCHF increased 0.00738 or 0.85% to 0.87241
The above data was collected around 13:29 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 554.67 points or 1.39% to 40,563.06
- S&P 500 advanced 88.01 points or 1.61% to 5,543.22
- Nasdaq advanced 401.89 points or 2.34% to 17,594.5
- Russell 2000 advanced 51.38 points or 2.47% to 2,135.7
Canada Market Closings:
- TSX Composite advanced 269.82 points or 1.19% to 23,029.83
- TSX 60 advanced 15.9 points or 1.17% to 1,380.45
Brazil Market Closing:
- Bovespa advanced 783.76 points or 0.59% to 134,101.42
ENERGY:
The oil markets had a green day today:
• Crude Oil increased 1.364 USD/BBL or 1.77% to 78.344
• Brent increased 1.43 USD/BBL or 1.79% to 81.190
• Natural gas increased 0.0251 USD/MMBtu or 1.13% to 2.2441
• Gasoline increased 0.0337 USD/GAL or 1.45% to 2.3606
• Heating oil increased 0.0132 USD/GAL or 0.56% to 2.3809
The above data was collected around 13:31 EST.
• Top commodity gainers: Platinum (3.76%), Silver (2.80%), Zinc (2.83%) and Orange Juice (3.04%)
• Top commodity losers: Cheese (-2.18%), Corn (-5.88%), Cocoa (-4.80%) and Rice (-2.10%)
The above data was collected around 13:37 EST.
BONDS:
Japan 0.8380% (+2.45bp), US 2’s 4.12% (+0.152%), US 10’s 3.9370% (+9.7bps); US 30’s 4.19% (+0.069%), Bunds 2.2625% (+8.55bp), France 2.982% (+6.6bp), Italy 3.6370% (+7bp), Turkey 28.735% (+189.5bp), Greece 3.321% (+4.2bp), Portugal 2.867% (+6bp); Spain 3.079% (+5.35bp) and UK Gilts 3.9230% (+9.46bp)
The above data was collected around 13:39 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 [...]
