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 22, 2024
ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 decreased 542.64 points or -1.39% to 38,411.96
• Shanghai increased 17.76 points or 0.54% to 3,285.87
• Hang Seng increased 20.49 points or 0.10% to 20,498.95
• ASX 200 decreased 138.70 points or -1.66% to 8,205.70
• SENSEX decreased 930.55 points or -1.15% to 80,220.72
• Nifty50 decreased 309.00 points or -1.25% to 24,472.10
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00261 or 0.39% to 0.66800
• NZDUSD increased 0.00217 or 0.36% to 0.60446
• USDJPY increased 0.465 or 0.31% to 151.085
• USDCNY decreased 0.00062 or -0.01% to 7.13746
The above data was collected around 11:50 EST.
Precious Metals:
• Gold increased 15.89 USD/t oz. or 0.58% to 2,737.28
• Silver increased 0.734 USD/t. oz. or 2.17% to 34.575
The above data was collected around 11:57 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
• CAC 40 decreased 1.13 points or -0.01% to 7,535.10
• FTSE 100 decreased 11.70 points or -0.14% to 8,306.54
• DAX 30 decreased 39.28 points or -0.20% to 19,421.91
The major Europe currency markets had a negative day today:
• EURUSD decreased 0.001 or -0.09% to 1.08053
• GBPUSD decreased 0.00128 or -0.10% to 1.29697
• USDCHF decreased 0.00012 or -0.01% to 0.86541
The above data was collected around 12:04 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 6.71 points or -0.02% to 42,924.89
- S&P 500 declined 2.78 points or -0.05% to 5,851.2
- Nasdaq advanced 33.12 points or 0.18% to 18,573.13
- Russell 2000 declined 7.57 points or -0.34% to 2,232.15
Canada Market Closings:
- TSX Composite declined 9.94 points or -0.04% to 24,713.39
- TSX 60 declined 1.2 points or -0.08% to 1,477.98
Brazil Market Closing:
- Bovespa declined 251.18 points or -0.19% to 130,110.38
ENERGY:
The oil markets had a green day today:
• Crude Oil increased 1.902 USD/BBL or 2.72% to 71.942
• Brent increased 1.882 USD/BBL or 2.53% to 76.172
• Natural gas increased 0.0361 USD/MMBtu or 1.56% to 2.3481
• Gasoline increased 0.0527 USD/GAL or 2.62% to 2.0676
• Heating oil increased 0.056 USD/GAL or 2.57% to 2.2391
The above data was collected around 12:06 EST.
• Top commodity gainers: Gasoline (2.62%), Cheese (10.17%), Crude Oil (2.72%) and Heating Oil (2.57%)
• Top commodity losers: HRC Steel (-1.42%), Orange Juice (-2.33%), Cocoa (-3.49%) and Nickel (-1.37%)
The above data was collected around 12:11 EST.
BONDS:
Japan 0.9800% (+1.84bp), US 2’s 4.07% (+0.025%), US 10’s 4.2140% (+0.8bps); US 30’s 4.50% (-0.001%), Bunds 2.3220% (+4.4bp), France 3.054% (+4.1bp), Italy 3.5640% (+5.3bp), Turkey 29.960% (+3bp), Greece 3.168% (+2.5bp), Portugal 2.763% (+1.7bp); Spain 3.032% (+3.5bp) and UK Gilts 4.1700% (+2.60bp)
The above data was collected around 12:23 EST.
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