Consumers Pay Tariffs
Donald Trump believes tariffs could offset taxes, but tariffs will be a tax in itself to the American consumer. Trump is proposing to raise taxes from 60% to 100% on [...]
Market Talk – September 12, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 1,213.50 points or 3.41% to 36,833.27
• Shanghai decreased 4.67 points or -0.17% to 2,717.12
• Hang Seng increased 131.68 points or 0.77% to 17,240.39
• ASX 200 increased 87.80 points or 1.10% to 8,075.70
• SENSEX increased 1,439.55 points or 1.77% to 82,962.71
• Nifty50 increased 470.45 points or 1.89% to 25,388.90
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00208 or 0.31% to 0.66951
• NZDUSD increased 0.00186 or 0.30% to 0.61505
• USDJPY decreased 0.317 or -0.22% to 142.319
• USDCNY increased 0.00615 or 0.09% to 7.13280
The above data was collected around 11:55 EST.
Precious Metals:
• Gold increased 41.73 USD/t oz. or 1.66% to 2,553.59
• Silver increased 1.005 USD/t. oz. or 3.51% to 29.677
The above data was collected around 11:57 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 38.24 points or 0.52% to 7,435.07
• FTSE 100 increased 47.03 points or 0.57% to 8,240.97
• DAX 30 increased 188.12 points or 1.03% to 18,518.39
The major Europe currency markets had a green day today:
• EURUSD increased 0.00373 or 0.34% to 1.10476
• GBPUSD increased 0.00522 or 0.40% to 1.30901
• USDCHF increased 0.00009 or 0.01% to 0.85278
The above data was collected around 12:04 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 235.06 points or 0.58% to 41,096.77
- S&P 500 advanced 41.63 points or 0.75% to 5,595.76
- Nasdaq advanced 174.15 points or 1% to 17,569.68
- Russell 2000 advanced 25.48 points or 1.21% to 2,129.32
Canada Market Closings:
- TSX Composite advanced 263.97 points or 1.14% to 23,475.14
- TSX 60 advanced 13.26 points or 0.95% to 1,411.9
Brazil Market Closing:
- Bovespa declined 482.49 points or -0.36% to 134,194.26
ENERGY:
The oil markets had a green day today:
• Crude Oil increased 2.099 USD/BBL or 3.12% to 69.409
• Brent increased 1.856 USD/BBL or 2.63% to 72.466
• Natural gas increased 0.0698 USD/MMBtu or 3.07% to 2.3398
• Gasoline increased 0.0358 USD/GAL or 1.88% to 1.9356
• Heating oil increased 0.0381 USD/GAL or 1.82% to 2.1305
The above data was collected around 12:07 EST.
• Top commodity gainers: Crude Oil (3.12%), Silver (3.51%), Oat (6.89%) and Zinc (3.21%)
• Top commodity losers: Orange Juice (-1.70%), Cocoa (-1.99%), Cheese (-2.32%) and Corn (-6.13%)
The above data was collected around 12:13 EST.
BONDS:
Japan 0.8660% (+1.26bp), US 2’s 3.69% (+0.041%), US 10’s 3.6980% (+4bps); US 30’s 4.01% (+0.39%), Bunds 2.1635% (+6.55bp), France 2.848% (+3.1bp), Italy 3.5480% (+8.4bp), Turkey 28.805% (-1.5bp), Greece 3.128% (-2.2bp), Portugal 2.762% (+2.8bp); Spain 2.961% (+2.45bp) and UK Gilts 3.7830% (+1.1bp)
The above data was collected around 12:15 EST.
Latest Posts
Simplify the Tax Code
The incoming Department of Government Efficiency (DOGE) under Elon Musk and Vivek Ramaswamy is tackling a serious problem – the complex tax code. Donald Trump has also expressed a keen [...]
Justice for Laken Riley
Charges have finally been brought against Jose Ibarra, the illegal migrant from Venezuela who brutally murdered nursing student Laken Riley. The court found Ibarra GUILTY on 10 charges, including murder, [...]
Zelensky Responds to His Use of Long-Range Missiles
https://www.armstrongeconomics.com/wp-content/uploads/2024/11/Zelensky-Interview.mp4 Zelensky, when asked about his actions leading to World War III, switches from English to Ukrainian and claims that since North Korea sent troops into Russia, this makes [...]
