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 – December 2, 2024
ASIA:
The major Asian stock markets had a green day today:
• NIKKEI 225 increased 304.99 points or 0.80% to 38,513.02
• Shanghai increased 37.53 points or 1.13% to 3,363.98
• Hang Seng increased 126.68 points or 0.65% to 19,550.29
• ASX 200 increased 11.70 points or 0.14% to 8,447.90
• SENSEX increased 458.75 points or 0.57% to 80,261.54
• Nifty50 increased 144.95 points or 0.60% to 24,276.05
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00551 or -0.85% to 0.64559
• NZDUSD decreased 0.00446 or -0.75% to 0.58754
• USDJPY decreased 0.622 or -0.41% to 149.192
• USDCNY increased 0.03892 or 0.54% to 7.28692
The above data was collected around 11:55 EST.
Precious Metals:
• Gold decreased 16.37 USD/t oz. or -0.62% to 2,641.42
• Silver decreased 0.151 USD/t. oz. or -0.49% to 30.459
The above data was collected around 11:40 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
• CAC 40 increased 1.78 points or 0.02% to 7,236.89
• FTSE 100 increased 25.59 points or 0.31% to 8,312.89
• DAX 30 increased 307.17 points or 1.57% to 19,933.62
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00936 or -0.88% to 1.04834
• GBPUSD decreased 0.00952 or -0.75% to 1.26353
• USDCHF increased 0.00531 or 0.60% to 0.88666
The above data was collected around 11:59 EST.
US/AMERICAS:
US Market Closings:
- Dow declined 128.65 points or -0.29% to 44,782
- S&P 500 advanced 14.77 points or 0.24% to 6,047.15
- Nasdaq advanced 185.78 points or 0.97% to 19,403.95
- Russell 2000 declined 0.59 of a point or -0.02% to 2,434.14
Canada Market Closings:
- TSX Composite declined 57.67 points or -0.22% to 25,590.33
- TSX 60 declined 1.66 points or -0.11% to 1,537.09
Brazil Market Closing:
- Bovespa declined 432.29 points or -0.34% to 125,235.54
ENERGY:
The oil markets had a negative day today:
• Crude Oil decreased 0.895 USD/BBL or -1.30% to 67.735
• Brent decreased 0.853 USD/BBL or -1.18% to 71.527
• Natural gas decreased 0.1346 USD/MMBtu or -4.04% to 3.2004
• Gasoline decreased 0.002 USD/GAL or -0.10% to 1.9034
• Heating oil decreased 0.0243 USD/GAL or -1.10% to 2.1789
The above data was collected around 12:01 EST.
• Top commodity gainers: Cheese (9.15%), Orange Juice (1.44%), Lean Hogs (1.12%) and Wheat (0.81%)
• Top commodity losers: Natural Gas (-4.04%), Coffee (-7.54%), Nickel (-1.79%) and Zinc (-1.48%)
The above data was collected around 12:10 EST.
BONDS:
Japan 1.0770% (+2.41bp), US 2’s 4.20% (+0.045%), US 10’s 4.1890% (+1.4bps); US 30’s 4.36% (-0.007%), Bunds 2.0330% (-5.4bp), France 2.914% (+2.2bp), Italy 3.2610% (-1.1bp), Turkey 27.61% (+23bp), Greece 2.912% (-1.8bp), Portugal 2.508% (-2.85bp); Spain 2.766% (-2.1bp) and UK Gilts 4.2160% (-3.11bp)
The above data was collected around 12:16 EST.
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