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 17, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 378.54 points or -1.03% to 36,203.22
• Shanghai closed
• Hang Seng increased 237.90 points or 1.37% to 17,660.02
• ASX 200 increased 19.30 points or 0.24% to 8,140.90
• SENSEX increased 90.88 points or 0.11% to 83,079.66
• Nifty50 increased 34.80 points or 0.14% to 25,418.55
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.0005 or 0.07% to 0.67566
• NZDUSD decreased 0.00088 or -0.14% to 0.61865
• USDJPY increased 1.12 or 0.80% to 141.916
• USDCNY increased 0.01192 or 0.17% to 7.10942
The above data was collected around 14:44 EST.
Precious Metals:
• Gold decreased 12.35 USD/t oz. or -0.48% to 2,571.31
• Silver decreased 0.037 USD/t. oz. or -0.12% to 30.712
The above data was collected around 14:46 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 37.98 points or 0.51% to 7,487.42
• FTSE 100 increased 31.42 points or 0.38% to 8,309.86
• DAX 30 increased 92.97 points or 0.50% to 18,726.08
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00063 or -0.06% to 1.11228
• GBPUSD decreased 0.00429 or -0.32% to 1.31670
• USDCHF increased 0.00123 or 0.15% to 0.84584
The above data was collected around 15:00 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 15.9 points or -0.04% to 41,606.18
- S&P 500 advanced 1.49 points or 0.03% to 5,634.58
- Nasdaq advanced 35.93 points or 0.2% to 17,628.06
- Russell 2000 advanced 16.3 points or 0.74% to 2,205.47
Canada Market Closings:
- TSX Composite declined 24.37 points or -0.1% to 23,677.7
- TSX 60 declined 2.93 points or -0.21% to 1,420.98
Brazil Market Closing:
- Bovespa declined 335.31 points or -0.25% to 134,782.91
ENERGY:
The oil markets had a mixed day today:
• Crude Oil increased 1.284 USD/BBL or 1.83% to 71.374
• Brent increased 1.169 USD/BBL or 1.61% to 73.918
• Natural gas decreased 0.055 USD/MMBtu or -2.32% to 2.3180
• Gasoline increased 0.0252 USD/GAL or 1.27% to 2.0021
• Heating oil increased 0.0452 USD/GAL or 2.15% to 2.1467
The above data was collected around 15:05 EST.
• Top commodity gainers: Rubber (2.49%), Palladium (3.65%), Lean Hogs (2.41%) and Sugar (4.02%)
• Top commodity losers: Natural Gas (-2.32%), Rhodium (-1.56%), Cocoa (-1.74%) and Oat (-3.12%)
The above data was collected around 15:10 EST.
BONDS:
Japan 0.8300% (-1.6bp), US 2’s 3.60% (+0.038%), US 10’s 3.6440% (+2.1bps); US 30’s 3.95% (+0.022%), Bunds 2.1405% (+2.05bp), France 2.857% (+3bp), Italy 3.5040% (+2.6bp), Turkey 29.375% (+50bp), Greece 3.108% (-1.8bp), Portugal 2.7160% (+0.8bp); Spain 2.943% (+3.8bp) and UK Gilts 3.7740% (+1.11bp)
The above data was collected around 15:04 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 [...]
