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 – September 10, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 56.59 points or -0.16% to 36,159.16
• Shanghai increased 7.70 points or 0.28% to 2,744.19
• Hang Seng increased 37.13 points or 0.22% to 17,234.09
• ASX 200 increased 23.80 points or 0.30% to 8,011.90
• SENSEX increased 361.75 points or 0.44% to 81,921.29
• Nifty50 increased 104.70 points or 0.42% to 25,041.10
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.001 or -0.15% to 0.66473
• NZDUSD increased 0.00078 or 0.13% to 0.61494
• USDJPY decreased 0.796 or -0.56% to 142.386
• USDCNY increased 0.01128 or 0.16% to 7.13231
The above data was collected around 12:17 EST.
Precious Metals:
• Gold increased 6.81 USD/t oz. or 0.27% to 2,513.36
• Silver decreased 0.078 USD/t. oz. or -0.28% to 28.260
The above data was collected around 12:20 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
• CAC 40 decreased 17.71 points or -0.24% to 7,407.55
• FTSE 100 decreased 64.86 points or -0.78% to 8,205.98
• DAX 30 decreased 177.64 points or -0.96% to 18,265.92
The major Europe currency markets had a negative day today:
• EURUSD decreased 0.00095 or -0.09% to 1.10252
• GBPUSD decreased 0.00048 or -0.04% to 1.30644
• USDCHF decreased 0.00357 or -0.42% to 0.84591
The above data was collected around 12:32 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 92.63 points or -0.23% to 40,736.96
- S&P 500 advanced 24.47 points or 0.45% to 5,495.52
- Nasdaq advanced 141.28 points or 0.84% to 17,025.88
- Russell 2000 declined 0.34 of a point or -0.02% to 2,097.44
Canada Market Closings:
- TSX Composite declined 24.06 points or -0.1% to 23,003.09
- TSX 60 declined 3.89 points or -0.28% to 1,385.94
Brazil Market Closing:
- Bovespa declined 229.98 points or -0.17% to 134,507.23
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 3.1 USD/BBL or -4.51% to 65.610
• Brent decreased 2.777 USD/BBL or -3.87% to 69.063
• Natural gas increased 0.0431 USD/MMBtu or 1.99% to 2.2131
• Gasoline decreased 0.0708 USD/GAL or -3.65% to 1.8681
• Heating oil decreased 0.09 USD/GAL or -4.18% to 2.0614
The above data was collected around 12:35 EST.
• Top commodity gainers: Natural Gas (1.99%), Cotton (0.67%), Milk (0.74%) and Palladium (1.49%)
• Top commodity losers: Orange Juice (-9.60%), Bitumen (-4.34%), Crude Oil (-4.51%) and Corn (-6.74%)
The above data was collected around 12:41 EST.
BONDS:
Japan 0.8950% (+0.03bp), US 2’s 3.64% (-0.042%), US 10’s 3.6680% (-3.6bps); US 30’s 3.97% (-0.030%), Bunds 2.1430% (-2.8bp), France 2.844% (-4bp), Italy 3.5220% (-2.6bp), Turkey 28.675% (-20bp), Greece 3.216% (-3.1bp), Portugal 2.763% (-3.3bp); Spain 2.970% (-1.75bp) and UK Gilts 3.8180% (-4.36bp)
The above data was collected around 12:45 EST.
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