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 28, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 83.14 points or 0.22% to 38,371.76
• Shanghai decreased 11.30 points or -0.40% to 2,837.43
• Hang Seng decreased 182.22 points or -1.02% to 17,692.45
• ASX 200 increased 0.20 points or 0.00% to 8,071.40
• KOSPI increased 0.58 points or 0.02% to 2,689.83
• SENSEX increased 73.80 points or 0.09% to 81,785.56
• Nifty50 increased 34.60 points or 0.14% to 25,052.35
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00188 or -0.28% to 0.67683
• NZDUSD decreased 0.0009 or -0.14% to 0.62332
• USDJPY increased 0.623 or 0.43% to 144.586
• USDCNY increased 0.01109 or 0.16% to 7.13275
The above data was collected around 14:16 EST.
Precious Metals:
• Gold decreased 20.73 USD/t oz. or -0.82% to 2,504.52
• Silver decreased 0.853 USD/t. oz. or -2.84% to 29.161
The above data was collected around 14:19 EST.
EUROPE/EMEA:
The major Europe stock markets had a mixed day today:
• CAC 40 increased 11.89 points or 0.16% to 7,577.67
• FTSE 100 decreased 1.61 points or -0.02% to 8,343.85
• DAX 30 increased 100.48 points or 0.54% to 18,782.29
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00651 or -0.58% to 1.11121
• GBPUSD decreased 0.00797 or -0.60% to 1.31754
• USDCHF increased 0.00065 or 0.08% to 0.84230
The above data was collected around 14:25 EST.
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 1.037 USD/BBL or -1.37% to 74.493
• Brent decreased 0.989 USD/BBL or -1.24% to 78.561
• Natural gas increased 0.0101 USD/MMBtu or 0.48% to 2.0951
• Gasoline decreased 0.0267 USD/GAL or -1.19% to 2.2131
• Heating oil decreased 0.0646 USD/GAL or -2.82% to 2.2279
The above data was collected around 14:28 EST.
• Top commodity gainers: Steel (1.43%), Wheat (1.14%), Oat (7.09%) and Butter (2.83%)
• Top commodity losers: Cheese (-7.51%), Corn (-6.97%), HRC Steel (-3.35%) and Copper (-3.88%)
The above data was collected around 14:38 EST.
US Market Closings:
- Dow declined 159.08 points or -0.39% to 41,091.42
- S&P 500 declined 33.62 points or -0.6% to 5,592,18
- Nasdaq declined 19879 points or -1.12% to 17,556.03
- Russell 2000 declined 14.36 points or-0.65% to 2,188.64
Canada Market Closings:
- TSX Composite declined 132.98 points or -0.57% to 23,126.98
- TSX 60 declined 6.34 points or -0.46% to 1,386.62
Brazil Market Closing:
- Bovespa advanced 610.19 points or 0.45% to 137,586.1
BONDS:
Japan 0.8950% (+1.51bp), US 2’s 3.88% (-0.035%), US 10’s 3.8450% (+1.4bps); US 30’s 4.13% (+0.011%), Bunds 2.2595% (-1.95bp), France 2.987% (-2.3bp), Italy 3.6480% (-1.6bp), Turkey 28.595% (+10bp), Greece 3.315% (-4.4bp), Portugal 2.870% (-1bp); Spain 3.083% (-1.9bp) and UK Gilts 3.9850% (+0.67bp)
The above data was collected around 14:43 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 [...]
