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 16, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 730.25 points or -1.83% to 39,180.30
• Shanghai increased 1.66 points or 0.05% to 3,202.95
• Hang Seng decreased 31.94 points or -0.16% to 20,286.85
• ASX 200 decreased 33.70 points or -0.41% to 8,284.70
• SENSEX decreased 318.76 points or -0.39% to 81,501.36
• Nifty50 decreased 86.05 points or -0.34% to 24,971.30
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00119 or -0.18% to 0.66654
• NZDUSD increased 0.00067 or 0.11% to 0.60584
• USDJPY increased 0.68 or 0.46% to 149.768
• USDCNY decreased 0.00363 or -0.05% to 7.13533
The above data was collected around 13:16 EST.
Precious Metals:
• Gold increased 12.76 USD/t oz. or 0.48% to 2,673.21
• Silver increased 0.298 USD/t. oz. or 0.95% to 31.764
The above data was collected around 13:23 EST.
EUROPE/EMEA:
The major Europe stock markets had a mixed day today:
• CAC 40 decreased 29.97 points or -0.40% to 7,492.00
• FTSE 100 increased 79.79 points or 0.97% to 8,329.07
• DAX 30 decreased 53.38 points or -0.27% to 19,432.81
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00181 or -0.17% to 1.08650
• GBPUSD decreased 0.00656 or -0.50% to 1.29990
• USDCHF increased 0.00185 or 0.21% to 0.86444
The above data was collected around 13:28 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 337.28 points or 0.79% to 43,077.7
- S&P 500 advanced 27.21 points or 0.47% to 5,842.47
- Nasdaq advanced 51.49 points or 0.28% to 18,367.08
- Russell 2000 advanced 36.86 points or 1.64% to 2,286.68
Canada Market Closings:
- TSX Composite advanced 122.12 points or 0.5% to 24,561.2
- TSX 60 advanced 7.89 points or 0.54% to 1,470.31
Brazil Market Closing:
- Bovespa advanced 625.05 points or 0.48% o 131,668.32
ENERGY:
The oil markets had a mixed day today:
• Crude Oil increased 0.025 USD/BBL or 0.04% to 70.605
• Brent increased 0.13 USD/BBL or 0.17% to 74.380
• Natural gas decreased 0.1153 USD/MMBtu or -4.62% to 2.3827
• Gasoline increased 0.0084 USD/GAL or 0.41% to 2.0501
• Heating oil decreased 0.0163 USD/GAL or -0.74% to 2.1791
The above data was collected around 13:30 EST.
• Top commodity gainers: Palm Oil (1.52%), Cheese (9.20%), Oat (2.20%) and Lean Hogs (2.86%)
• Top commodity losers: Bitumen (-2.07%), Sugar (-3.76%), Cocoa (-3.96%) and Natural Gas (-4.62%)
The above data was collected around 13:42 EST.
BONDS:
Japan 0.9550% (-2.1bp), US 2’s 3.95% (-0.010%), US 10’s 4.0200% (-1.7bps); US 30’s 4.30% (-0.020%), Bunds 2.1875% (-4.05bp), France 2.921% (-4bp), Italy 3.4070% (-5.8bp), Turkey 27.270% (+0bp), Greece 3.048% (-9.5bp), Portugal 2.647% (-3.6bp); Spain 2.905% (-3.9bp) and UK Gilts 4.0680% (-10.14bp)
The above data was collected around 13:50 EST.
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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 [...]
