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 19, 2024
ASIA:
The major Asian stock markets had a green day today:
• NIKKEI 225 increased 775.16 points or 2.13% to 37,155.33
• Shanghai increased 18.74 points or 0.69% to 2,736.02
• Hang Seng increased 353.14 points or 2.00% to 18,013.16
• ASX 200 increased 49.80 points or 0.61% to 8,191.90
• SENSEX increased 236.57 points or 0.29% to 83,184.80
• Nifty50 increased 38.25 points or 0.15% to 25,415.80
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00568 or 0.84% to 0.68226
• NZDUSD increased 0.00341 or 0.55% to 0.62435
• USDJPY increased 0.338 or 0.24% to 143.039
• USDCNY decreased 0.02199 or -0.31% to 7.07428
The above data was collected around 12:38 EST.
Precious Metals:
• Gold increased 32.77 USD/t oz. or 1.28% to 2,592.01
• Silver increased 0.93 USD/t. oz. or 3.08% to 31.110
The above data was collected around 13:01 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 170.51 points or 2.29% to 7,615.41
• FTSE 100 increased 75.04 points or 0.91% to 8,328.72
• DAX 30 increased 290.89 points or 1.55% to 19,002.38
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00473 or 0.43% to 1.11611
• GBPUSD increased 0.00828 or 0.63% to 1.32857
• USDCHF decreased 0.00051 or -0.06% to 0.84680
The above data was collected around 15:12 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 522.09 points or 1.26% to 42,025.19
- S&P 500 advanced 95.38 points or 1.7% to 5,713.64
- Nasdaq advanced 440.68 points or 2.51% to 18,013.98
- Russell 2000 advanced 46.37 points or 2.1% to 2,252.71
Canada Market Closings:
- TSX Composite advanced 273.67 points or 1.16% to 23,866.27
- TSX 60 advanced 15.98 points or 1.13% to 1,431.62
Brazil Market Closing:
- Bovespa declined 452.8 points or -0.34% to 133,294.89
ENERGY:
The oil markets had a green day today:
• Crude Oil increased 0.973 USD/BBL or 1.37% to 71.882
• Brent increased 0.995 USD/BBL or 1.35% to 74.645
• Natural gas increased 0.0635 USD/MMBtu or 2.78% to 2.3475
• Gasoline increased 0.0567 USD/GAL or 2.84% to 2.0544
• Heating oil increased 0.0364 USD/GAL or 1.71% to 2.1701
The above data was collected around 15:14 EST.
• Top commodity gainers: Steel (3.33%), Palm Oil (3.09%), Silver (3.08%) and Sugar (4.38%)
• Top commodity losers: Wheat (-1.71%), Lumber (-1.46%), Orange Juice (-3.96%) and Corn (-1.73%)
The above data was collected around 15:19 EST.
BONDS:
Japan 0.8540% (+2.72bp), US 2’s 3.60% (-0.024%), US 10’s 3.7320% (+2.7bps); US 30’s 4.06% (+0.038%), Bunds 2.1920% (+0.1bp), France 2.932% (+1.4bp), Italy 3.5480% (-2.5bp), Turkey 28.735% (-24.5bp), Greece 3.172% (-2.5bp), Portugal 2.7500% (-3.5bp); Spain 2.981% (-2.1bp) and UK Gilts 3.8930% (+4.71bp)
The above data was collected around 15:24 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 [...]
