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 11, 2024
ASIA:
The major Asian stock markets had a negative day today:
• NIKKEI 225 decreased 539.39 points or -1.49% to 35,619.77
• Shanghai decreased 22.40 points or -0.82% to 2,721.80
• Hang Seng decreased 125.38 points or -0.73% to 17,108.71
• ASX 200 decreased 24.00 points or -0.30% to 7,987.90
• SENSEX decreased 398.13 points or -0.49% to 81,523.16
• Nifty50 decreased 122.65 points or -0.49% to 24,918.45
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00062 or 0.09% to 0.66591
• NZDUSD decreased 0.00238 or -0.39% to 0.61255
• USDJPY decreased 0.274 or -0.19% to 141.946
• USDCNY decreased 0.00844 or -0.12% to 7.12517
The above data was collected around 12:55 EST.
Precious Metals:
• Gold decreased 4.04 USD/t oz. or -0.16% to 2,514.58
• Silver increased 0.173 USD/t. oz. or 0.61% to 28.613
The above data was collected around 13:00 EST.
EUROPE/EMEA:
The major Europe stock markets had a mixed day today:
• CAC 40 decreased 10.72 points or -0.14% to 7,396.83
• FTSE 100 decreased 12.04 points or -0.15% to 8,193.94
• DAX 30 increased 64.35 points or 0.35% to 18,330.27
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00032 or -0.03% to 1.10169
• GBPUSD decreased 0.00412 or -0.31% to 1.30385
• USDCHF increased 0.00451 or 0.53% to 0.85115
The above data was collected around 13:39 EST.
US Market Closings:
- Dow advanced 124.75 points or 0.31% to 40,861.71
- S&P 500 advanced 58.61 points or 1.07% to 5,554.13
- Nasdaq advanced 369.65 points or 2.17% to 17,395.53
- Russell 2000 advanced 6.41 points or 0.31% to 2,103.85
Canada Market Closings:
- TSX Composite advanced 208.08 points or 0.9% to 23,211.17
- TSX 60 advanced 12.7 points or 0.92% to 1,398.64
Brazil Market Closing:
- Bovespa advanced 357.17 points or 0.27% to 134,676.75
ENERGY:
The oil markets had a green day today:
• Crude Oil increased 1.874 USD/BBL or 2.85% to 67.624
• Brent increased 1.584 USD/BBL or 2.29% to 70.774
• Natural gas increased 0.0412 USD/MMBtu or 1.85% to 2.2732
• Gasoline increased 0.0076 USD/GAL or 0.40% to 1.8930
• Heating oil increased 0.0278 USD/GAL or 1.34% to 2.0953
The above data was collected around 13:30 EST.
• Top commodity gainers: Crude Oil (2.85%), Cocoa (6.58%), Zinc (2.67%) and Palladium (4.47%)
• Top commodity losers: Orange Juice (-6.05%), Methanol (-2.00%), Cheese (-2.40%) and Corn (-6.14%)
The above data was collected around 13:48 EST.
BONDS:
Japan 0.8530% (-4.16bp), US 2’s 3.68% (+0.072%), US 10’s 3.6780% (+2.8bps); US 30’s 3.98% (+0.013%), Bunds 2.1140% (-3.4bp), France 2.817% (-3.3bp), Italy 3.4670% (-4.7bp), Turkey 28.840% (+18.5bp), Greece 3.150% (-6.6bp), Portugal 2.740% (-2bp); Spain 2.943% (-2.35bp) and UK Gilts 3.7720% (-4.59bp)
The above data was collected around 13:56 EST.
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