Why Bitcoin Will NOT Replace the Dollar
People continue to ask if Bitcoin will replace the dollar. They believe that the recent surge in Bitcoin indicates that it will topple the USD as the world’s reserve currency, [...]
Market Talk – September 18, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 176.95 points or 0.49% to 36,380.17
• Shanghai increased 13.19 points or 0.49% to 2,717.28
• Hang Seng closed
• ASX 200 increased 1.20 points or 0.01% to 8,142.10
• SENSEX decreased 131.43 points or -0.16% to 82,948.23
• Nifty50 decreased 41.00 points or -0.16% to 25,377.55
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00059 or 0.09% to 0.67662
• NZDUSD increased 0.00218 or 0.35% to 0.62136
• USDJPY decreased 0.097 or -0.07% to 141.886
• USDCNY decreased 0.02291 or -0.32% to 7.08526
The above data was collected around 13:30 EST.
Precious Metals:
• Gold decreased 1.71 USD/t oz. or -0.07% to 2,572.32
• Silver decreased 0.375 USD/t. oz. or -1.22% to 30.354
The above data was collected around 13:33 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
• CAC 40 decreased 42.52 points or -0.57% to 7,444.90
• FTSE 100 decreased 56.18 points or -0.68% to 8,253.68
• DAX 30 decreased 14.59 points or -0.08% to 18,711.49
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00497 or 0.45% to 1.11717
• GBPUSD increased 0.01071 or 0.81% to 1.32740
• USDCHF decreased 0.00533 or -0.63% to 0.84103
The above data was collected around 14:25 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 103.08 points or -0.25% to 41,503.1
- S&P 500 declined 16.32 points or -0.29% to 5,618.26
- Nasdaq declined 54.76 points or -0.31% to 17,573.3
- Russell 2000 advanced 0.86% to 0.04% to 2,206.34
Canada Market Closings:
- TSX Composite declined 85.1 points or -0.36% to 23,592.6
- TSX 60 declined 5.34 points or -0.38% to 1,415.64
Brazil Market Closing:
- Bovespa declined 1,134.12 points or -0.84% to 133,826.07
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 0.362 USD/BBL or -0.51% to 70.828
• Brent decreased 0.137 USD/BBL or -0.19% to 73.563
• Natural gas decreased 0.0398 USD/MMBtu or -1.71% to 2.2842
• Gasoline increased 0.0172 USD/GAL or 0.86% to 2.0059
• Heating oil increased 0.0055 USD/GAL or 0.26% to 2.1436
The above data was collected around 14:33 EST.
• Top commodity gainers: Methanol (2.55%), Palm Oil (2.44%), Cocoa (1.86%) and Sugar (5.64%)
• Top commodity losers: Natural Gas (-1.71%), Palladium (-4.11%), Cheese (-1.85%) and Bitumen (-5.38%)
The above data was collected around 14:49 EST.
BONDS:
Japan 0.8270% (-0.3bp), US 2’s 3.61% (-0.008%), US 10’s 3.6820% (+2.3bps); US 30’s 4.00% (+0.042%), Bunds 2.1835% (+3.65bp), France 2.917% (+6bp), Italy 3.5680% (+6.8bp), Turkey 29.005% (-34.5bp), Greece 3.174% (+6.6bp), Portugal 2.7680% (+4.6bp); Spain 2.985% (+4.2bp) and UK Gilts 3.8460% (+7.22bp)
The above data was collected around 14:53 EST.
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