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 18, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 70.56 points or 0.18% to 38,981.75
• Shanghai increased 92.18 points or 2.91% to 3,261.56
• Hang Seng increased 725.01 points or 3.61% to 20,804.11
• ASX 200 decreased 72.70 points or -0.87% to 8,283.20
• SENSEX increased 218.14 points or 0.27% to 81,224.75
• Nifty50 increased 104.20 points or 0.42% to 24,854.05
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.0005 or 0.07% to 0.67043
• NZDUSD increased 0.00082 or 0.14% to 0.60680
• USDJPY decreased 0.58 or -0.39% to 149.545
• USDCNY decreased 0.01935 or -0.27% to 7.11845
The above data was collected around 12:17 EST.
Precious Metals:
• Gold increased 22.41 USD/t oz. or 0.83% to 2,716.14
• Silver increased 0.964 USD/t. oz. or 3.03% to 32.744
The above data was collected around 11:19 EST.
EUROPE/EMEA:
The major Europe stock markets had a mixed day today:
• CAC 40 increased 29.32 points or 0.39% to 7,613.05
• FTSE 100 decreased 26.88 points or -0.32% to 8,358.25
• DAX 30 increased 73.98 points or 0.38% to 19,657.37
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00314 or 0.29% to 1.08604
• GBPUSD increased 0.0017 or 0.13% to 1.30317
• USDCHF decreased 0.00039 or -0.05% to 0.86568
The above data was collected around 12:23 EST.
US/AMERICAS:
US Market Closings:
- Dow advanced 36.86 points or 0.09% to 43,275.91
- S&P 500 advanced 23.2 points or 0.4% to 5,864.67
- Nasdaq advanced 115.94 points or 0.63% to 18,489.55
- Russell 2000 declined 4.76 points or -0.21% to 2,276.09
Canada Market Closings:
- TSX Composite advanced 132.06 points or 0.53% to 24,822.54
- TSX 60 advanced 7.21 points or 0.49% to 1,486.05
Brazil Market Closing:
- Bovespa declined 297.78 points or -0.23% to 130,495.63
ENERGY:
The oil markets had a negative day today:
• Crude Oil decreased 0.773 USD/BBL or -1.09% to 69.897
• Brent decreased 0.738 USD/BBL or -0.99% to 73.713
• Natural gas decreased 0.0739 USD/MMBtu or -3.15% to 2.2731
• Gasoline decreased 0.0221 USD/GAL or -1.08% to 2.0202
• Heating oil decreased 0.0197 USD/GAL or -0.90% to 2.1739
The above data was collected around 12:29 EST.
• Top commodity gainers: Silver (3.03%), Cheese (7.64%), Palm Oil (2.36%) and Palladium (3.52%)
• Top commodity losers: Wheat (-3.14%), Natural Gas (-3.15%), Orange Juice (-3.60%) and Cocoa (-2.81%)
The above data was collected around 12:39 EST.
BONDS:
Japan 0.9700% (+0.49bp), US 2’s 3.97% (-0.013%), US 10’s 4.0740% (-2.2bps); US 30’s 4.37% (-0.013%), Bunds 2.1795% (-2.25bp), France 2.897% (-4.1bp), Italy 3.3550% (-5bp), Turkey 29.780% (+251bp), Greece 3.014% (-6.1bp), Portugal 2.614% (-2.8bp); Spain 2.870% (-3.6bp) and UK Gilts 4.0540% (-4.51bp)
The above data was collected around 12:42 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 [...]
