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 – October 10, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 224.91 points or 0.57% to 39,605.80
• Shanghai decreased 84.19 points or -2.55% to 3,217.74
• Hang Seng closed
• ASX 200 decreased 8.50 points or -0.10% to 8,214.50
• SENSEX decreased 230.05 points or -0.28% to 81,381.36
• Nifty50 decreased 34.20 points or -0.14% to 24,964.25
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00166 or 0.25% to 0.67571
• NZDUSD increased 0.00208 or 0.34% to 0.61160
• USDJPY increased 0.362 or 0.24% to 149.067
• USDCNY decreased 0.01119 or -0.16% to 7.07223
The above data was collected around 13:35 EST.
Precious Metals:
• Gold increased 24.75 USD/t oz. or 0.94% to 2,657.90
• Silver increased 0.388 USD/t. oz. or 1.25% to 31.538
The above data was collected around 13:40 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 36.30 points or 0.48% to 7,577.89
• FTSE 100 increased 15.92 points or 0.19% to 8,253.65
• DAX 30 increased 162.93 points or 0.85% to 19,373.83
The major Europe currency markets had a green day today:
• EURUSD increased 0.00095 or 0.09% to 1.09430
• GBPUSD increased 0.00127 or 0.10% to 1.30738
• USDCHF increased 0.00025 or 0.03% to 0.85687
The above data was collected around 13:52 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 409.74 points or 0.97% to 42,863.86
- S&P 500 advanced 34.98 points or 0.61% to 5,815.03
- Nasdaq advanced 60.89 points or 0.33% to 18,342.94
- Russell 2000 advanced 45.44 points or 2.08% to 2,233.86
Canada Market Closings:
- TSX Composite advanced 166.22 points or 0.68% to 24,468.48
- TSX 60 advanced 9.43 points or 0.65% to 1,464.14
Brazil Market Closing:
- Bovespa declined 346.34 points or -0.27% to 130,006.52
ENERGY:
The oil markets had a mixed day today:
• Crude Oil decreased 0.137 USD/BBL or -0.18% to 75.713
• Brent decreased 0.099 USD/BBL or -0.12% to 79.301
• Natural gas decreased 0.0306 USD/MMBtu or -1.14% to 2.6444
• Gasoline increased 0.0143 USD/GAL or 0.67% to 2.1606
• Heating oil increased 0.0019 USD/GAL or 0.08% to 2.3464
The above data was collected around 13:56 EST.
• Top commodity gainers: Cocoa (3.30%), Cheese (7.49%), Orange Juice (4.44%) and Wool (3.17%)
• Top commodity losers: Oat (-0.86%), Natural Gas (-1.14%), Palladium (-1.58%) and Coffee (-0.94%)
The above data was collected around 14:06 EST.
BONDS:
Japan 0.9520% (-0.69bp), US 2’s 3.95% (-0.012%), US 10’s 4.0810% (+1.6bps); US 30’s 4.39% (+0.017%), Bunds 2.2585% (+0.55bp), France 3.039% (+1.6bp), Italy 3.5470% (+1.4bp), Turkey 29.515% (+185.5bp), Greece 3.204% (-0.9bp), Portugal 2.765% (+2.4bp); Spain 3.005% (+1.8bp) and UK Gilts 4.2070% (-0.52bp)
The above data was collected around 14:12 EST.
Latest Posts
Eric Adams Leaves the Democratic Party
New York City Mayor Eric Adams, the man who fought tooth and nail to maintain sanctuary city status for migrants, has abandoned the Democratic Party. The Democrats have become so [...]
Trump vs Putin
https://www.armstrongeconomics.com/wp-content/uploads/2025/04/Zelensky-Reniggs.mp4 QUESTION: I take it you agree with Putin that Zelensky is not legitimate and that Trump is wrong. Would you care to explain your position? WG ANSWER: I [...]
Market Talk – April 3, 2025
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 989.94 points or -2.77% to 34,735.93 • Shanghai decreased 8.12 points or -0.24% to 3,342.01 [...]
